CME futures expires on 26th January

[ccarew]

So we all know what happened with the CBOE futures.. a few days of dumping until the expirey on the 17th then a somewhat decent recovery. Fair enough there were other factors (South korea and China FUD) but the pattern clearly shows it going down until the 17th when it miraculously started increasing again.

We currently have 4 more days until the expirey of the CME futures (26/01/18)..It is thought that most people shorted, therefore we will see a similar pattern, with BTC potentially dropping further (around 8500) bringing down altcoins with it.

I HODL last time, and although it did recover it was not 100%, and I feel like this time I should move to tether or fiat and ride it out until it starts to recover again on the 26th

What are peoples plans?, am I missing something? (other than the India FUD)... is this going to constantly happen with futures contracts?

thanks

[Skunker]

and today you will get answer whats best. i step out in usdt now waiting at least on 8k:)

[cynical]

If you are not trading futures and are planning on hodling long term . . . just hodl.
You are just referring to a FIAT value on a crypto coin or token.
1 bitcoin will always be 1 bitcoin  #
I believe in the resilience of crypto and to its long term survival

[flipperfin]

We might see a bit of a pump today, the general attitude is approving again in media, news, and with some folks' idea that wall street will pump bitcoin because of futures ending (which doesnt make much sense tbh) it all might end up becoming a self fulfilling prophecy.. Well see today.

[yhoga45]

My opinion is BTC will increase after that, because BTC use blockchain technology which is "I think" blockchain technology is future for us. So cryptocurrency will be "important" for our life in the future. From the other side cryptocurrency is virtual? and I think modern era a lot of thing become virtual. Hopefully my opinion is right.

[BigBoy89]

So we all know what happened with the CBOE futures.. a few days of dumping until the expirey on the 17th then a somewhat decent recovery. Fair enough there were other factors (South korea and China FUD) but the pattern clearly shows it going down until the 17th when it miraculously started increasing again.

We currently have 4 more days until the expirey of the CME futures (26/01/18)..It is thought that most people shorted, therefore we will see a similar pattern, with BTC potentially dropping further (around 8500) bringing down altcoins with it.

I HODL last time, and although it did recover it was not 100%, and I feel like this time I should move to tether or fiat and ride it out until it starts to recover again on the 26th

What are peoples plans?, am I missing something? (other than the India FUD)... is this going to constantly happen with futures contracts?

thanks

I don't think there is correlation between futures and bitcoin price... yet. Just fiat bitcoin futures volume is too small to make some tangible impact on current bitcoin price. But it will with volume increments.

[aziernest]

let's just wait and watch this last dip of january 2018 :-) I wouldn't really mind buying btc around 9k usd:-)

[topesis]

This is what they say beware of what you ask for, before people were asking for these futures contract and now they are wary of their impact on the market, this is what these guys do, they manipulate the market and people need to be very concern if this trend continues

[Kingofbitcoin12345]

I’ve been speculating since I’ve been part of this forum and community but never ever really pointed out the right approach and if this really matters because holding it and trusting bitcoin is the only and best solution any investors have.. Enough of this,, “it will happen” or “bitcoin back” crypto doesn’t gonna change by this then all we need is to wait and win the price after..

[slaman29]

and today you will get answer whats best. i step out in usdt now waiting at least on 8k:)

Hope you didn't step out completely, because you'll be lucky to trigger any buy orders on 9k, much less 8k. Unless you're willing to wait a few months. But that's just my speculation, no more scientific than yours;)

Tether is the only way to do this, I guess, and I still haven't overcome initial misgivings about Tether to start storing anything in that "crypto". I'm wondering why BTC hasn't swung either way yet, I'm sure US markets are just arriving on the new day now.

[Maveth13]

So we all know what happened with the CBOE futures.. a few days of dumping until the expirey on the 17th then a somewhat decent recovery. Fair enough there were other factors (South korea and China FUD) but the pattern clearly shows it going down until the 17th when it miraculously started increasing again.

We currently have 4 more days until the expirey of the CME futures (26/01/18)..It is thought that most people shorted, therefore we will see a similar pattern, with BTC potentially dropping further (around 8500) bringing down altcoins with it.

I HODL last time, and although it did recover it was not 100%, and I feel like this time I should move to tether or fiat and ride it out until it starts to recover again on the 26th

What are peoples plans?, am I missing something? (other than the India FUD)... is this going to constantly happen with futures contracts?

thanks

I don't think there is correlation between futures and bitcoin price... yet. Just fiat bitcoin futures volume is too small to make some tangible impact on current bitcoin price. But it will with volume increments.

I thought that it didn't as well. But when CME launched their futures contracts last December, that's when bitcoin surges up to 50%, just hours after the launch. Though the whole bitcoin futures concept still bothers me, it's the stupidest way to own bitcoins.

[foggywhite007]

So we all know what happened with the CBOE futures.. a few days of dumping until the expirey on the 17th then a somewhat decent recovery. Fair enough there were other factors (South korea and China FUD) but the pattern clearly shows it going down until the 17th when it miraculously started increasing again.

We currently have 4 more days until the expirey of the CME futures (26/01/18)..It is thought that most people shorted, therefore we will see a similar pattern, with BTC potentially dropping further (around 8500) bringing down altcoins with it.

I HODL last time, and although it did recover it was not 100%, and I feel like this time I should move to tether or fiat and ride it out until it starts to recover again on the 26th

What are peoples plans?, am I missing something? (other than the India FUD)... is this going to constantly happen with futures contracts?

thanks

Everyone was waiting for a repeat of 17 January and as a result, today nothing happened. It was all too obvious.

I think the month will be down after the Chinese new year should go ahead. I think lightning network will impact very positively on the price of bitcoin. 26 thousand target for March

[Thug]

you really think that futures affect the price btc??

[yhoga45]

So we all know what happened with the CBOE futures.. a few days of dumping until the expirey on the 17th then a somewhat decent recovery. Fair enough there were other factors (South korea and China FUD) but the pattern clearly shows it going down until the 17th when it miraculously started increasing again.

We currently have 4 more days until the expirey of the CME futures (26/01/18)..It is thought that most people shorted, therefore we will see a similar pattern, with BTC potentially dropping further (around 8500) bringing down altcoins with it.

I HODL last time, and although it did recover it was not 100%, and I feel like this time I should move to tether or fiat and ride it out until it starts to recover again on the 26th

What are peoples plans?, am I missing something? (other than the India FUD)... is this going to constantly happen with futures contracts?

thanks

Everyone was waiting for a repeat of 17 January and as a result, today nothing happened. It was all too obvious.

I think the month will be down after the Chinese new year should go ahead. I think lightning network will impact very positively on the price of bitcoin. 26 thousand target for March

So your speculation is lighting network will make BTC price goes up? and March 2018 the price is $26k?

[swissgang]

I have some usdt and no plan of selling my coins right now, I apply the strategy of hodl if decrease buy more, but you need usd/t for sure

[AdamRay]

My opinion is BTC will increase after that, because BTC use blockchain technology which is "I think" blockchain technology is future for us. So cryptocurrency will be "important" for our life in the future. From the other side cryptocurrency is virtual? and I think modern era a lot of thing become virtual. Hopefully my opinion is right.

I still keep my coin even though it is getting very deep discount. I believe in my investment because it is the coin that I have researched very carefully before I decided to invest. The market will recover when big investors return to the market, good coin values ​​are very low, that is the opportunity for investors.

[lucky_girl]

Do you think we'll see another dump of BTC during day?

[Honglee]

just HODL!
https://www.youtube.com/watch?v=O6lMmw6ZdvY

[topesis]

Settlement date for the futures is 31 january. Put your bets back in game. No FUD today, except the one created by mistake here. So, again. Today is the expire date for futures agreements. Only on 31st you will see if the theory is correct.

Thanks, I was told it will be today. I do need to educate myself about all these financial products more, I don't even understand fully how these futures contract works, so we need to wait till January 31, to see the result

[muhdatha]

you really think that futures affect the price btc??

Why no? It could be.
Futures give best chance to 'BigMoney' use all of Bitcoins volatility for great profit with low risk. That's not mandatory to buy 'live' Bitcoin for trading. That's just markets derivatives.
It's unbelievable but worldwide derivatives market even bigger that real money (like Dollars, Euro and ALL of other currencies).

Do you remember what's happened in 2008? Yes that was the BIG GAME of derivatives etc