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Author Topic: CME contracts expire and the BITCOIN price..?  (Read 415 times)
abhinav94
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January 26, 2018, 09:07:51 AM
 #21

This only happened because the corrupt Wall Street crimes are manipulating the price of Bitcoin down by flooding the markets with 'SELL' orders.

Read the Full Story here: https://coingape.com/first-cme-bitcoin-futures-contracts-expires-on-26-january-2018/
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January 26, 2018, 09:13:23 AM
 #22

This only happened because the corrupt Wall Street crimes are manipulating the price of Bitcoin down by flooding the markets with 'SELL' orders.

Read the Full Story here: https://coingape.com/first-cme-bitcoin-futures-contracts-expires-on-26-january-2018/

Oh dear. Whoever wrote that really hasn't got a clue what they are talking about. It is impossible given the relative volumes of the futures and cash markets that the futures could have had any influence on price.
You could argue that it was a classic "buy the rumour, sell the news" trade setup. Ie. that buying BTC in the runup to futures launch and then selling to take profit when actual happened may have been one of many influences on the market but that "Wall Street crimes are manipulating the price of Bitcoin down" is complete FUD.

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fabiorem
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January 26, 2018, 01:08:14 PM
 #23

Some people are saying Wall Street would need billions of dollars to manipulate the price on the exchanges, which would cause the profit to be too small.

They are right. However, what about some of the big old whales joining Wall Street and having a piece of the cake? Any whale can short those contracts with leverage and then dump the price, cash out the contract and rebuy at lower levels.
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May 26, 2018, 09:13:21 PM
 #24

we can definitely choice with CME contract and bitcoin price because of cme contract the price is fluctuating once we complete  the price variation we can expect previous all-time high
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