Can the Wall Street fat boys kill Bitcoin profits?

[orkoso]

I have read some posts and comments by senior members related on how the futures on Bitcoin are controlling the whole crypto-currencies market. Do you understand the effects? What your view?

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[hase0278]

I have read some posts and comments by senior members related on how the futures on Bitcoin are controlling the whole crypto-currencies market. Do you understand the effects? What your view?

Futures somehow contributed to the reason why bitcoim had a dip recently but those senior members are wrong when they said that it controls the whole cryptocurrency market. No one can gain total control ever crypto, even fat boys from wall street or even bill gates can't no matter how much money they spend. If they really did spend money in order to do that, crypto will only be controlled temporarily.

[Batalo]

I have read some posts and comments by senior members related on how the futures on Bitcoin are controlling the whole crypto-currencies market. Do you understand the effects? What your view?

Futures somehow contributed to the reason why bitcoim had a dip recently but those senior members are wrong when they said that it controls the whole cryptocurrency market. No one can gain total control ever crypto, even fat boys from wall street or even bill gates can't no matter how much money they spend. If they really did spend money in order to do that, crypto will only be controlled temporarily.

They may not control but if they hold majority of the cryptocurrency, they could become a big factor on how bitcoin would scatter around the globe. Because the lesser bitcoin your have the more you would adjust on transactions and more likely to be frustrated by the underground rules of cryptocurrency.

[Lucius]

I think Wall Street is only about how to make profit and if BTC can make a profit for them nothing will change even for small users.Last price decrease was an opportunity for everyone to buy low and sell high.Some say that price decrease may be related with first BTC futures expiration,so we will see when next futures is expire in January 29. whether it would have the effect on the price.

Personally I do not like that Wall Street is involved in anything regarding BTC,they have thrown the whole world to the knees in 2008 and destroyed millions of human destinys around the world.I hope that BTC is strong enough to survive even them.

[Harlot]

I don't think so in any market especially in cryptocurrency their will always be whales who are the first movers of the trend. And some of this whales are from the wall street what we can do is to ride the trend they are creating as they are not the only ones who can benefit the price action of something. Yes some might be affected by the price change of Bitcoin but if you know how to trade then you won't be far out of them. Technical Analysis is what they are also doing they are just the ones who are making the move first.

[HasHe]

I have read some posts and comments by senior members related on how the futures on Bitcoin are controlling the whole crypto-currencies market. Do you understand the effects? What your view?

Futures in bitcoin would not kill it but rather it would exist in parallel like oil futures,gold futures,etc.It would not have any direct impact over bitcoin prices.But it would have a slight effect over the minds of investors to decide whether to buy or sell bitcoins at the prevailing price or to just hold.Its already predicted that futures in bitcoin would reduce its volatility but it has not happened.

[londoireng]

If those guys have enough money to buy like a shit load of bitcoin,  and dumping it all in one. but yeah they not gonna do that cause bassicaly they throw away they profit.

[Eternu]

Bitcoin is strongest and most supported crypto of them all, and because of that its no wonder why it have great impact on whole crypto-market. But to think that if bitcoin dies everything else would die too, well that is just wrong and absurd. Altcoin prices are tied to bitcoins, but if something happens to bitcoin and for some reason bitcoin dies (which is near to impossible), some altcoin will succeed it and will continue as number one crypto. Crypto market is tied to whole world, and i do not think that either Wall Street or some other organization can kill cryptos.

[mOgliE]

Hi,

I sincerely hope they can't. Just because I think that bitcoin is designed to prevent such behaviours.

But of course, if some people (whether they are wall street boys or not) can have control of many bitcoins, well it may result in control. Therefore possible "manipulation" of prices and trends.

Still, I think that, especially regarding Wall Street boys, they have much more profits accessible much more easily than bitcoin.

[Bous]

It's sure that they can't control it, but I hope they won't be able to kill it. But I don't think they really care about Bitcoin.

[KobeBriant 24]

In fact, they are doing it right now, not only Wall Street, but a lot of banks are trying to do massive FUD about bitcoin (the TV / Radio too) But this is just matter of time until everything recovers back again.
A lot of people are shorting bitcoin positions right now.

I have read some posts and comments by senior members related on how the futures on Bitcoin are controlling the whole crypto-currencies market. Do you understand the effects? What your view?

[Sumaiya55]

Not all the time, but occasionally when the price of Bitcoin crashes down, the altcoin market also drops most of its value. The reason behind that in my opinion is that most of those coins are traded against Bitcoin and that is why when the price drops, they drop accordingly. I can be wrong though.
There are also some people having a lot of coins and manipulating the markets every now and then to get any amount of profit out of the pump and dump.

[miyaka26]

If those guys have enough money to buy like a shit load of bitcoin,  and dumping it all in one. but yeah they not gonna do that cause bassicaly they throw away they profit.

I heard that there are some groups of dumpsters and pumpsters that initially controls the market by increasing a certain coin like bitcoin, then it will be a drooling nest for eager investors to put their hopes on the line by putting all of their money resulting to have a drastic upward movements to its price day by day, then when the pump is ripe, this selfish whales will dump all their coins by selling them all, common and dirty strategy to manipulate the market, well its still possible that the reason for the decrease was because of their doing besides the price correction and even worse by the wall street guys doing.

[Oceat]

Not all the time, but occasionally when the price of Bitcoin crashes down, the altcoin market also drops most of its value. The reason behind that in my opinion is that most of those coins are traded against Bitcoin and that is why when the price drops, they drop accordingly. I can be wrong though.
There are also some people having a lot of coins and manipulating the markets every now and then to get any amount of profit out of the pump and dump.

Yes you were right some of them are manipulating the outcome of the price and we called them 'whales' those people had a bunch of money to manipulate everything in order for them to gain a certain profit by just pumping and dumping into almost everything. Yet it is a good deal to buy Bitcoin though since it has started to go down a bit but i wonder when will it last.

[Hydrogen]

IMO its all part and parcel of the paradigm shift of bitcoin transitioning from being mainly a store of value to being more an instrument of speculation. HODL is recognized for long term stability and lower volatility, being associated with lower risk than speculative markets, which are prone towards being leveraged and carrying greater risk in the hope of turning short term profit.

Speculative markets would seem to sacrifice long term planning for short term gain. This can contribute towards uncertainty, imbalance and other negative implications in markets and economies.

That's the base perspective as far as bitcoin's recent shift from being a store of long term value towards becoming more an instrument of speculation, afaik.

[Fundalini]

I have read some posts and comments by senior members related on how the futures on Bitcoin are controlling the whole crypto-currencies market. Do you understand the effects? What your view?

Market manipulation is very likely, in fact way back 2014 when mt. Gox was the largest exchange, some investigations revealed bots are certainly controlling trades. Now, what makes someone think that wall street guys can't manipulate the market?

[removebeforeflight]

There's somewhat manipulation or control would be there in all currency related market but I doubt whether this would be applicable to cryptocurrencies. May be the fat boys buy large volume of bitcoins and then makes a large sharing unit to control bitcoin, I'm not too sure whether they can intervene directly in to manipulation of prices in bitcoin profits.

[Essaint56]

They have enough cash to do it (if they ever want to join the trend on cryptocurrency). We have been seeing wild movements of bitcoin and other alts lately but it doesn't mean it is because of them.

[wuvdoll]

Those manipulators from wall street may not bring any big impact into bitcoin ecosystem or it is already to late for anyone to control the bitcoin price levels. This is because when bitcoin prices are increasing any whales or manipulators will lose their controlling power slowly. Same way bitcoin is being traded in almost all the countries and we cannot expect one set of exchange people to impact price in greater levels.

In coming months, we can expect more distribution of bitcoins into common people which will be aiding for sustaining bitcoin prices.

[frowsiter]

I have read some posts and comments by senior members related on how the futures on Bitcoin are controlling the whole crypto-currencies market. Do you understand the effects? What your view?

We know very bitcoin and all the other crypto currencies are completely decentralised and they don’t have control of anyone. If you got bucks then you can shake the base of these currency at any time, but to make that happen we do need to win in the groups and nothing can be done all alone. If the Wall Street would have been cheap inventor then they might have taken the risks to manipulate this market and kill the profits. But who knows why that did not happen yet and if it is not happening then they might be taking the interest in the bitcoin with some serious up fronts!