Pump or dump after the Bitcoin futures contracts

[suzanne5223]

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?

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[akdperry]

I got into bitcoin nearly 2 years ago, really regret not buying more when possible.  I think it is likely going to drop a little, but keep surging on as it always does.  It goes up, comes down a little, but always stays higher than previous value.  If mainstream investors really catch on, it'll take off and continue to grow.  I'm holding some BTC, but turning my attention to other alt coins  with better potential.  I don't think it was ever the intention of BTC to be a mainstream investment of banks.  it was formed because of what banks did to us leading up to 2008

[coolcountry]

I don't see why the price should go down, especially not in the long term. Pump and dump cycles may become more prevalent though, which scares me a little bit. If big investors gain access to lots of bitcoins via futures, they may eventually reach the stage where they can manipulate the market a little bit.

[Silenox]

Corrections are normal and healthy, so it is certain that we will have oscillations, but in the long term the trend is high.

[MissionPhailed]

Not too worried about it either. Bitcoin has proven to be quite resilient to 'bad news' in the last months; wether it was the crackdown on crypto in China some time ago or hardforks, those obstacles were absolutely no match for the BTC-train. If there's any effect, it'll probably get washed away largely by the highly erratic 'regular' swings on the cryptomarket.

[Samarkand]

I don't see why the price should go down...

Let me play devil´s advocate.

This could be a case of "buy the rumour, sell the news".

Institutional investors are not stupid for the most part. They are not going to buy at unprecedented highs (=all-time highs)
and instead are going to enter the market after a correction. If the big influx of institutional money that people expect
due to the launch of the CME and CBOE Bitcoin futures fails to materialize this could cause a decline in the BTC price.

Additionally, many newcomers, who entered during the 2017 bull run haven´t experienced a bear market yet.
This could cause a really steep decline as all these weak hands panic sell when the current bull run comes to an end.

[Jmesser80]

I think with the addition of bitcoin futures the price will go up. There will always be the pump and dump going on but the price should steadily rise I think. It will make it a little more mainstream even though the futures won’t nescesarily make it as mainstream as it would be I’d say amazon start d to accept bitcoin as payment. I believe it will help the price rise in the future. I’m all for it the more people start using bitcoin the better it will be in the long run.

[Pixyoxx]

If they are looking forward for investing in Bitcoins and selling bitcoins future thus they will back out only when they have attained a minimum set of profit and that would only happen when they will for sure be in the line till a long time or..if not long then at least 6 months or an year thus till then they won't dump the bitcoins.

After their set time period they will for sure sell out bitcoins soley dependent on their individual deals and demans and the net idea would be to gain profit thus after that it will be dump for sure.

But for the short haul we can expect a pump though for the long dump is underway.

[minus_one_crypto]

It seems to me that this will cause a price increase. But not a stable increase, but a short-term, after which the price will decrease. Perhaps after this there will be a correction

[randythered]

The argument that it takes bitcoin more mainstream and adds more investment is very valid but also at the same time I think it will be difficult because it will bring in a lot of sure money. Are people really going to offer futures at 500% for a year or more? What influence will that have on the price either answer? I can't quite wrap my head around it but I'm sure something strange my happen. If I had to say I feel it my slow growth of bitcoin.

[tora]

The hedge funds could possibly control bitcoin as they do with other assets. They have the funds to buy,pump the coin,then sell ,dump,once they have the profit.

[thecodebear]

short term it might create some volatility. Not expecting a crash but not expecting a pump either. Probably just swinging around a bit. Mid-term and long-term this is very bullish because it means Wall St is gonna start getting into actual Bitcoin soon, not just in cash settled futures.

[Iranus]

Hedge funds sometimes trade pretty aggressively and don't have the same responsibilities that, say, a pension fund has when dealing with their customers' money, so it's perfectly possible that they would decide to short BTC after the introduction of futures contracts.

However, it's also possible that if the euphoria of current speculators continues, they will invest in BTC beyond their means, thus increasing the price extremely dramatically.

Either way, it'll most likely increase volatility.

[superlative]

Never sell bitcoin.  I thought people would have learned this lesson by now.

When bitcoin was dumping real hard a week ago, I read this post by a smart-ass investor who claimed to have sold $100k in bitcoin and was planning to buy back in $25k lots at $7800, $6000, $5000 and $4000 or something like that.  It never dropped to those levels and so here we are touching $13k about a week later.

Stupid investors are coming to the crypto economy thinking that the crypto economy is some get-rich scheme for getting more US$.  They don't understand.  Bitcoin is pumping not because of speculation.  It's pumping because people are abandoning fiat and recognizing fiat is becoming obsolete and has the same value as sand.  It's the US$ that has no value.  People reluctantly sell some crypto just to pay taxes or bills, but other than that the money stays in the crypto economy.

Don't be a foolish crypto-tourist.

[MiningSensei]

Which one is going to be the first one? the CME or the Nasdaq?

There were a lot of speculations saying that the NasDaq was going to launch their own bitcoin futures during this sunday (it is not confirmed yet) Or maybe i am wrong and i am just talking about another.

I dont know, it is plenty of those institutions who wanna start launching their own futures about btc.

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

I dont think that it will hit bitcoin, i really believe in that the price will go up just because of the hype that bitcoin will have during the next days.

[darkangel11]

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.

[suzanne5223]

Hedge funds sometimes trade pretty aggressively and don't have the same responsibilities that, say, a pension fund has when dealing with their customers' money, so it's perfectly possible that they would decide to short BTC after the introduction of futures contracts.

However, it's also possible that if the euphoria of current speculators continues, they will invest in BTC beyond their means, thus increasing the price extremely dramatically.

Either way, it'll most likely increase volatility.

My believe either is that the contract will increase the level of bitcoin volatility which is what we're already experiencing after the official announcement of the contract but the Commodity Futures Trading Commission don't believe bitcoin worth the futures contract.

[posi]

Hedge funds sometimes trade pretty aggressively and don't have the same responsibilities that, say, a pension fund has when dealing with their customers' money, so it's perfectly possible that they would decide to short BTC after the introduction of futures contracts.

However, it's also possible that if the euphoria of current speculators continues, they will invest in BTC beyond their means, thus increasing the price extremely dramatically.

Either way, it'll most likely increase volatility.

My believe either is that the contract will increase the level of bitcoin volatility which is what we're already experiencing after the official announcement of the contract but the Commodity Futures Trading Commission don't believe bitcoin worth the futures contract.

The future contract news has already increase bitcoin volatility and this is one of the reason behind the massive surge in price. While, people from the Wall Street who don't have knowledge about bitcoin volatility want the [CFTC] to separate bitcoin

[aardvark15]

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’ve heard predictions for both of those scenarios recently which suggests that no one knows. We could have people shorting Bitcoin so the price could drop. Or we could have a bunch of buyers that drive the price up to $50,000.

I can’t predict so I will trade a small amount of Bitcoin for a good altcoin but leave the rest in Bitcoin and just ride it out. If there is a drop, I think it will recover sometime in 2018.

[BitcoinHodler]

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"!

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.