We Need To BAN Futures Trading In Bitcoin

[drmilind2004]

A news report suggests that Bitcoin fell from its $20,000 high water mark immediately after Futures trading of Bitcoin was opened. The seasoned traders pounced upon the innocent Bitcoin community like wolves in a sheep pen.

You can read the full report here:

https://www.ccn.com/bitcoin-price-drop-from-20000-likely-due-to-market-manipulation-traders/

Given these circumstances, don't you think it prudent to ban futures trading in Bitcoin? After all, it isn't part of Satoshi's original Blockchain protocol at all.  It's more of a loophole that allows professional traders to prey upon the innocent Bitcoin community.

[Karisma Black]

And how do you plan on doing that?

[drmilind2004]

And how do you plan on doing that?

I was hoping some knowledgeable person on this forum would furnish us with an answer.   

If there is such a clear correlation, can't we do anything to emerge out of the current mess by addressing this root cause?

[KingScorpio]

A news report suggests that Bitcoin fell from its $20,000 high water mark immediately after Futures trading of Bitcoin was opened. The seasoned traders pounced upon the innocent Bitcoin community like wolves in a sheep pen.

You can read the full report here:

https://www.ccn.com/bitcoin-price-drop-from-20000-likely-due-to-market-manipulation-traders/

Given these circumstances, don't you think it prudent to ban futures trading in Bitcoin? After all, it isn't part of Satoshi's original Blockchain protocol at all.  It's more of a loophole that allows professional traders to prey upon the innocent Bitcoin community.

i doubt that was highly important, its true that the banksters are gambling a lot the whole day, but bitcoin future being an alternative to actual bitcoin, isnt likely

the waste of ressources and the poverty that the bankster system causes creates support for bitcoin, by some

but after that they also dont support bitcoin because the see better alternatives.

regards

[yazher]

We can't do something about that, all we can do is go with the flow, that's why i wonder how did bitcoin lose it price so early and we can see right now it's losing again and no sign that it will rise again sooner.

[mostkey]

I think currently bitcoin is in a very bad state, bitcoin prices continue to crash. and it is possible to trade bitcoins in tires. and if it should be, maybe it should be done in futures in some countries

[coinwizard_]

I agree, people thought it was going to pump the market when futures was introduced but it has had the opposite effect. These market manipulators are killing bitcoin just so they can fill their own bags. It does need to be banned but i'm sure it won't though

[Victorycoin]

It was apparent and a good number of Bitcoin enthusiasts saw that the emergence of Bitcoin futures was going to open the doors for the manipulation of the Bitcoin market, because Bitcoin futures would actually be an instrument to diffuse the positive sentiment of early adopters through their ability to short Bitcoin and since it's deep pockets club, they can readily instigate the dumping of the market and the panic sell off by regular most users, would be their dream come through.

[Jet Cash]

There is no physical delivery of Bitcoin, and settlement is in a fiat currency. This means that it isn't a bitcoin futures market, but just a speculation on the price of Bitcoin.

[South Park]

And how do you plan on doing that?

I was hoping some knowledgeable person on this forum would furnish us with an answer.   

If there is such a clear correlation, can't we do anything to emerge out of the current mess by addressing this root cause?

Then you are expecting too much, if the gold holders cannot do that with a market that is many times bigger than the market of cryptocurrencies with a form of money that has been established for thousands of years, what makes you think that we would be able to accomplish more than them? You are not wrong when you say that the futures market is partially responsible for the drop in the price but there is nothing to do.

[Mujensirio]

i just cant wait when btc hit 20 000$

[SUDARMONO]

It is true that we should do daily trading, but in bitcoin here many are investing in the long run, but I think that is also good for those who are busy with their Offline job.

[mikki14]

There are things that's beyond our control. All we can do is to think of the best ways so we will not have any losses (or at least minimal loss). Bitcoin will recover from this for sure, it doesn't even hit rock bottom.

[Zin-Zang]

A news report suggests that Bitcoin fell from its $20,000 high water mark immediately after Futures trading of Bitcoin was opened. The seasoned traders pounced upon the innocent Bitcoin community like wolves in a sheep pen.

You can read the full report here:

https://www.ccn.com/bitcoin-price-drop-from-20000-likely-due-to-market-manipulation-traders/

Given these circumstances, don't you think it prudent to ban futures trading in Bitcoin? After all, it isn't part of Satoshi's original Blockchain protocol at all.  It's more of a loophole that allows professional traders to prey upon the innocent Bitcoin community.

Future Trading does not have to be banned, but the part where the scam is occurring is that no bitcoins are used in the Future Contracts.

Unlike Oil Futures, where you can request Actual Oil be delivered to you at the end of the contract.
Bitcoin Future only transact in FIAT, meaning no bitcoins are delivered or held and this is a way to make the supply of coins seem higher and cause a decrease in price by manipulating these trades.

If Bitcoin Futures were required to pay out in bitcoin, more bitcoins would have to be held and this would lower supply and drive up the price.

The Current Bitcoin Futures are nothing more than a scam to lower the price. 

 

[carlisle1]

And how do you plan on doing that?

I was hoping some knowledgeable person on this forum would furnish us with an answer.   

If there is such a clear correlation, can't we do anything to emerge out of the current mess by addressing this root cause?

Lol i thought you have a brilliant idea to banned this since youre the one who points this out,but instead of this issue,why not addressing the banning or standardization of ico project because this is the roots of scamming and the reason why investors leaving this forum because of rampant victimizing of this damn

[pooya87]

price is around $9800 by the end of November when the news about Futures trading comes out. the market is super excited and we are already on a bull run. also a lot of money comes in. price jumps to $20,000 in 17 days which is a little more than a 100% rise.
by December 18 price is already in a bubble and there is a lot of FUD about how Futures will dump the price. people panic, the bubble burst and price falls. like it always had in the past. when the first Futures contracts are closing there is another wave of FUD and scare about how price is going to fall so people panic sell and price drops. when the next set is about to close there is the same FUD but people don't panic as much and the fall is not even significant.

i don't see how this has anything to do with Futures but not about how the market has always worked! i honestly don't see anything new. just the reason for the "panic" has changed.

[stompix]

And how do you plan on doing that?

I was hoping some knowledgeable person on this forum would furnish us with an answer.  

If there is such a clear correlation, can't we do anything to emerge out of the current mess by addressing this root cause?

Wow, isn't this ironic?
A bitcoin user who got angry when countries banned banks from doing BTC to fiat transactions, is now asking for a ban on Futures Trading.
So you want freedom but only when this freedom lets you get away with stuff....

Just how lots of people here have predicted that somewhere in the futures governments will have no choice but to embrace BTC and live with it, right now your only choice is to do the same. If we ever arrive at a point where we ban what we don't like just like that, that society is doomed.

i just cant wait when btc hit 20 000$

You're going to be banned for shitposting long before we reach that price again  

[nicksnn]

volumes on futures are very small, I do not think that they strongly affect the prices of crypto currency

[Karisma Black]

And how do you plan on doing that?

I was hoping some knowledgeable person on this forum would furnish us with an answer.   

If there is such a clear correlation, can't we do anything to emerge out of the current mess by addressing this root cause?

There's nothing any of us can do.
Actually the best thing you can hope for is that more people get involved in it so that the whales have less influence.
Right now it's a brand new market (like crypto is) so it's easy to manipulate.
Just give it time.

[Karisma Black]

volumes on futures are very small, I do not think that they strongly affect the prices of crypto currency

Of course they do.
The ones who deal with futures contracts are also the ones who hold the most btc in real life so what do you expect?
They bet on one market and then manipulate the other.