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Author Topic: Pump or dump after the Bitcoin futures contracts  (Read 679 times)
BitcoinHodler
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December 07, 2017, 02:34:48 PM
 #21

In a couple of days Bitcoin futures contracts which will be launch on Nasdaq, the Chicago Mercantile Exchange Group(CME) and others.

as far as i know CME is this month. NASDAQ is next year in the first half. and i don't know about any "others"!

Quote
The question is, what's your own point of view?

i think price will fall after the CME market starts but only because it has been rising with an extraordinary speed. and it would be time for a decent drop and a correction. it is only a logical thing to happen after a rise of this magnitude.
but it won't have anything in particular with the market itself! and it certainly won't be a "dump" per se. maybe a panic sell is a better way to explain it.














 

 

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shinjunobi09
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December 07, 2017, 02:48:11 PM
 #22

I see this as a positive side in terms of improvement and development more of bitcoin in terms of not just its price but also the available service it can give to its clients.

Singwala
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December 07, 2017, 02:56:57 PM
 #23

We do not know what will happen next. But I think the price of Bitcoins will fall. When the Bitcoins Future Hard fork is over. Since I know the claims of those who invest in the Bitcoin future are the token they will receive when they hold BTC. So let's get ready for this event because the Market is definitely bleeding when hardfork ends.

moonordoom
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December 07, 2017, 03:07:21 PM
 #24

In a couple of days Bitcoin futures contracts which will be launch on Nasdaq, the Chicago Mercantile Exchange Group(CME) and others. Bitcoiner believe this will make bitcoin hit the mainstream of payment while something think it cause dump in price of bitcoin just like when gold was added by the stock exchange.

The question is, what's your own point of view?

Comparing it to the introduction of gold isn't the best because it wasn't as easy to trade gold without it. You had to literally bring your gold to the point of exchange to have it sold. Adding it to a stock exchange has allowed people to trade it much easier and faster. Bitcoin trading can be done from home just like it has always been. What is stopping those wealthy investors from dumping it all on one of the exchanges? Why would they wait for the CME?
What's going to happen is they will use the current hype to make short term profit and once the dust settles we'll start to go up again, but I wouldn't expect this correction to happen immediately after the launch.

My thoughts exactly. Why would people want to trade futures when they could just do it from home, theoretically.
thecodebear
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December 07, 2017, 03:07:29 PM
 #25

I think the price will fall but that's because a dip is incoming after this huge rise. Also probably a lot of the rise is hype about futures. Since futures are cash settled and have nothing to do with buying/selling bitcoin there won't actually be a direct impact so that will probably kill the hype. No doubt the price will head back up in the coming weeks, but a correction is definitely coming in the next few days after this insane week!
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December 07, 2017, 03:12:25 PM
 #26

In a couple of days Bitcoin futures contracts which will be launch on Nasdaq, the Chicago Mercantile Exchange Group(CME) and others. Bitcoiner believe this will make bitcoin hit the mainstream of payment while something think it cause dump in price of bitcoin just like when gold was added by the stock exchange.

The question is, what's your own point of view?


I think it will continue to pump because of the statistics show a very good perception for me and i think it will get longer for the next year.  Christmas is coming so i hope it will not dump soon.

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December 07, 2017, 03:14:10 PM
 #27

Japanese Bank Tokyo Financial Exchange Inc. will although list a Bitcoin Future as quickly as possible
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December 07, 2017, 03:15:55 PM
 #28

I hope for a dump, because I'm in alts now, mainly ETH. Will gladly sell most in favor of bitcoin. Dump it baby!!

kleinkrypto
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December 07, 2017, 03:22:36 PM
 #29

Bitcoin will fast down on January 1st 2019.

Wow, that is a statement. is it from your chrystal ball?
icanscript
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December 07, 2017, 03:38:06 PM
 #30

Trading futures, this is just a way of not withdrawing money from the stock exchange financial system as it affects the cost of bitcoin.
Exchange brokers will not inject real money into the bitcoin market.
I think there will be a situation of opposition between the stock exchange brokers and crypto traders. The cost of real bitcoin will be different from that of futures.

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