Bitcoin can`t be tamed by futures trading ~ Price went up 10% in minutes

[Paulbounce]

Love it. All the FUD before the future trading started. BTC will drop in price etc etc blah blah.

What happened. The trading platforms website crashed in minutes and Bitcoin rose 10% in five minutes.

Go home Wall Street boys. You can`t tame Mr Bitcoin.

[HFC]

It was so obvious too what was happening... FUD FUD FUD EVERYWHERE yesterday.  Hope the wallstreet guys short BTC and it goes to the moon.

[Iranus]

Most people weren't saying that the price would crash instantly after futures trading was introduced.

If the price is going to crash from futures trading (it's not inevitable but it's certainly possible) it'll most likely be some sort of major group with the ability to attempt aggressive trading, like a hedge fund for example.  Due to the relatively low liquidity, they could make a hell of a lot of money by shorting it.

Go home Wall Street boys. You can`t tame Mr Bitcoin.

No guarantee that they're trying, or that they all believe the same things about BTC's current state.

[Realist247]

Love it. All the FUD before the future trading started. BTC will drop in price etc etc blah blah.

What happened. The trading platforms website crashed in minutes and Bitcoin rose 10% in five minutes.

Go home Wall Street boys. You can`t tame Mr Bitcoin.

Many, myself included, were warning that now the whales have the ability to hedge their coins and lock in their sale price if they try to dump enormous numbers on the exchanges.  It would likely cause the prices on the exchanges to crash but they wouldn't lose anything if they sold enough short futures contracts.  As said above, people weren't saying that these events would happen on the 1st or 2nd day...but they probably will happen sooner or later.

[bitart]

Love it. All the FUD before the future trading started. BTC will drop in price etc etc blah blah.

What happened. The trading platforms website crashed in minutes and Bitcoin rose 10% in five minutes.

Go home Wall Street boys. You can`t tame Mr Bitcoin.

Many, myself included, were warning that now the whales have the ability to hedge their coins and lock in their sale price if they try to dump enormous numbers on the exchanges.  It would likely cause the prices on the exchanges to crash but they wouldn't lose anything if they sold enough short futures contracts.  As said above, people weren't saying that these events would happen on the 1st or 2nd day...but they probably will happen sooner or later.

Why to crash the price in a bloody day, why to pour all their coins on the market, why not just sell it in some little fractions and keep the average sell price higher rather than selling a huge pile at higher price in the beginning but after a surge in the price they won't be able to sell their remaining coins on a good price... also, to short someting is risky enough especially in bull trend... I know that the trend won't last forever but why to start shorting from a lower price instead of letting the price gain more and start it from a higher level? I will be really corious in the coming days

[slyfox]

Love it. All the FUD before the future trading started. BTC will drop in price etc etc blah blah.

What happened. The trading platforms website crashed in minutes and Bitcoin rose 10% in five minutes.

Go home Wall Street boys. You can`t tame Mr Bitcoin.

It is too early to tell what it is going to happen it just been a day things can change you can be sure they are going to try to become the new whales by manipulating the price of bitcoin so at first I think we are going to see an even greater volatility, greater bubbles and greater crashes.

[8270thNinja]

Too early to say this, Too early to judge. We still can't conclude that Bitcoin Futures and Wall Street guys are the bad person here, we need to wait for a little bit of more time to see if Bitcoin Futures will drastically change Bitcoin, Bitcoin System, Bitcoin Community and how non Bitcoiners see Bitcoin-- For Good or For Worse? No once can tell, We should wait for it and let's hope that this Bitcoin Futures will really help to introduce bitcoin to the masses.

[TERA2]

Today the volume of futures is 350. So the actual futures trading is compeltely insigificant and doesnt effect anything. It is only the concept of bitcoin hitting wall street that is driving the rally.

[magneto]

Love it. All the FUD before the future trading started. BTC will drop in price etc etc blah blah.

What happened. The trading platforms website crashed in minutes and Bitcoin rose 10% in five minutes.

Go home Wall Street boys. You can`t tame Mr Bitcoin.

There was indeed a lot of FUD about how futures trading will completely ruin bitcoin or will completely crash bitcoin when it was to scheduled to start. But it turned out to actually be nothing special and actually boosted bitcoin price a whole lot.

In my opinion, futures trading or not, bitcoin is going to be bitcoin day end. We hold the real bitcoin, they're trading fake bitcoins. Sure it's going to be manipulation, but it shouldn't affect the long term bitcoin growth.

This is why you never listen to FUD, and never listen in fomo market conditions as well. Make up your own decisions.

[Paulbounce]

This is why you never listen to FUD, and never listen in fomo market conditions as well. Make up your own decisions.


Well said.

[RyNinDaCleM]

I'm pretty sure that $700 spike was due to futures opening and spiking up to 18k while stamp was at 15k. Then someone who apparently thinks Bitcoin might follow decided to buy it up in a single 5 minute candle. Manipulation aside, There is no reason the futures market should pull Bitcoin to it in either direction.

[slyfox]

This is why you never listen to FUD, and never listen in fomo market conditions as well. Make up your own decisions.


Well said.

What it happens is that people do not really trust bitcoin and they are in just for the money, they do not want to make any kind of analysis the only thing they care is about making money and when the price of bitcoin goes down they sell since they were never convinced about bitcoin.

[glgeux]

We might try to analize BTC trends using the chaos theory...

[GreatOrchid]

Love it. All the FUD before the future trading started. BTC will drop in price etc etc blah blah.
What happened. The trading platforms website crashed in minutes and Bitcoin rose 10% in five minutes.

It is ironic because this thread is quite old, but i still remember that difficult job that the Fudder's out here tried to do in order to make people be afraid and sell all their bitcoins.
It is full of them, we can not fight against them because they are always going to be complaining, doesn't matter what.

Just take a look over those boards, and the bitcoin discussion, everytime that the price goes down by $200 - $300, they are asking about if that is the crash, a new dip, or whatever it is.

The futures were not even dangerous, but everybody created a psycho movie regarding to them. Like that they were just going to short it all, or just create a huge panic over it.

[Murloc]

Go home Wall Street boys. You can`t tame Mr Bitcoin.

No guarantee that they're trying, or that they all believe the same things about BTC's current state.

They did't tried to tame it. I'm sure it is more like gambling for "Wall Street boys" that is not even popular and everything is done in USD and not BTC. The only good thing in those bitcoin futres is that BTC technicaly became legalized in the US as a financial instrument.