Hello,
I read several articles that say that Bitcoin Futures was the reason bitcoin went skyrocket.
31st of January was a Bitcoin futures trading. Here's the link. The trade of 31st january is not on this website anymore because it's already over.
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.htmlI heard several stories of Big Guys (whales) that make a bet on these Futures-tradings.
They are making a bet if the price goes up or down.
Probably they made a bet on the price going downward.
We have to understand that Bitcoin went skyrocket because of the BIG guys with BIG money.
The traders participating in Bitcoin Futures are BIG.
They can make, or break the market.
The rest of the unexperienced traders are selling because of impatience and fear of loss.
If you look at the schedule in the link provided you'll see that there are several settlements. So we have to wait till the End of february I guess.
