Can some run through how they see shorting BTC will work.
As far as I can tell, people who want to short must take delivery of BTC, otherwise they fail on delivery when contract falls due or roll over, so it looks like the whole futures market will not be rigable as per usual.
Any way if some one can run through this would be great
The whole thing that I am afraid that is going to happen, is that the big organization is going to short bitcoin through the future contracts markets, and after the fill up enough shorts, they will manipulate the bitcoin market or will just sell huge loads of bitcoin, so they won't only earn from selling the bitcoins( selling at high price and then buying on a lower price), they are also going to earn huge loads of money from the future contracts as they filled large amount of shorts.
The fact that CME enables bitcoin future cotnracts is a very risky thing to the bitcoin price which makes investing in bitcoin even more risky.