Bitcoin being held down by CME, BAKKT?

[SlavicHodler]

I'm wonderring if Bitcoin price can be held down by CME Futures and BAKKT like gold is for many years. The thing is they are not backed by BTC, BAKKT spouse to be but is probably not, so can they work as an inflation on Bitcoin?

[Tramirostronix]

Be downed forever because of CME I don't know, but every month : YES.
These organisations have a lot of power indeed, but if they think they can get more money with a Pump, no reason for them to create a dump ?

[Leonardo7]

I saw a news flash that the BaKKT is taking people's bitcoin and giving them USD, while they keep accumulating bitcoin at a lower rate and giving people a dead dollar. I remember many people were happy when bakkt wanted to launch, today I doubt they are still excited.

[stompix]

I saw a news flash that the BaKKT is taking people's bitcoin and giving them USD, while they keep accumulating bitcoin at a lower rate and giving people a dead dollar. I remember many people were happy when bakkt wanted to launch, today I doubt they are still excited.

And you mind sharing with us this piece of "news" where BAKKT is taking people's bitcoin?
You have no idea what BAKKT is and how it works, don't you?

Be downed forever because of CME I don't know, but every month : YES.
These organisations have a lot of power indeed, but if they think they can get more money with a Pump, no reason for them to create a dump ?

Yeah, the Illuminati strike again, the guys dumping 500BTC on the market are to blame for, not the horde of imbeciles who panic they might loose 3 ents are dump everything they've got.

I'm wonderring if Bitcoin price can be held down by CME Futures and BAKKT like gold is for many years.

Of course man, it's all a conspiracy, they hold the price down....how?
What stops people buying bitcoin and not seeling at what CME or BAKKT says? Nothing!
Who is forcing you to sell at 7300$ or whatever the pice is? NOBODY!

The same pattern during every bear week of bear season, there must be a conspiration going on, that's the only reason you still can't buy a Bugatti with the two satoshis you've bought yesterday for 1 cent. Outrageous!!

[patroncito]

I'm wonderring if Bitcoin price can be held down by CME Futures and BAKKT like gold is for many years. The thing is they are not backed by BTC, BAKKT spouse to be but is probably not, so can they work as an inflation on Bitcoin?

The answer is no. Futures track exchanges prices

Besides, their volume is to low.

Whoever follows bakkt and CME prices to Buy in the spot market is very stupid.

Bitcoin is perfectly following its 4 years pattern cycle.

[kotwica666]

I'm wonderring if Bitcoin price can be held down by CME Futures and BAKKT like gold is for many years. The thing is they are not backed by BTC, BAKKT spouse to be but is probably not, so can they work as an inflation on Bitcoin?

I think that we can observe Bitcoin price reduction through futures right now. Many of the contracts ended and despite the fact that the market atmosphere was positive, the price was lowered. In my opinion, this was the effect that investors on the crypto exchanges were afraid that closing many contracts would cause a drop in price, which actually happened.
What will happen in the future is unfortunately unknown.

[The Sceptical Chymist]

Futures track exchanges prices

You know, that's kind of the answer I've been looking for as to my question about whether futures exchanges can affect bitcoin's price and if so, how.  But you're saying that they're relying on the prices reported by "exchanges".  If that's true, any idea which exchange(s) they use?

That actually makes a lot of sense, though I know in the metals market the prices are actually created by the futures markets (right?).  The spot price of gold is what's reported on the commodities exchanges, and they're basically trading futures there.  I guess bitcoin is a different beast entirely.

[patroncito]

Futures track exchanges prices

You know, that's kind of the answer I've been looking for as to my question about whether futures exchanges can affect bitcoin's price and if so, how.  But you're saying that they're relying on the prices reported by "exchanges".  If that's true, any idea which exchange(s) they use?

That actually makes a lot of sense, though I know in the metals market the prices are actually created by the futures markets (right?).  The spot price of gold is what's reported on the commodities exchanges, and they're basically trading futures there.  I guess bitcoin is a different beast entirely.

Yes, the supply of gold and silver for example are unknown. Therefore, futures markets literally create their price,

Bitcoin have a limited supply, and you cant issue more contracts than Bitcoins. If they do, then that's FRAUD.

I think CME tracks Bitstamp.

But anyways, futures have a very low volume to manipulate the Bitcoin market and they will work as steroids for the next rally to the millions of dollars per coin.

[kotwica666]

Futures track exchanges prices

You know, that's kind of the answer I've been looking for as to my question about whether futures exchanges can affect bitcoin's price and if so, how.  But you're saying that they're relying on the prices reported by "exchanges".  If that's true, any idea which exchange(s) they use?

That actually makes a lot of sense, though I know in the metals market the prices are actually created by the futures markets (right?).  The spot price of gold is what's reported on the commodities exchanges, and they're basically trading futures there.  I guess bitcoin is a different beast entirely.

I also don't think that futures track the price of Bitcoin. If it has anything to do with it at all, then rather larger investors on the crypto exchanges are looking at the contracts. The truth is that the biggest whales and institutional investors play on futures, so they should be able to effect the price of Bitcoin, not the other way around.

[Tramirostronix]

I saw a news flash that the BaKKT is taking people's bitcoin and giving them USD, while they keep accumulating bitcoin at a lower rate and giving people a dead dollar. I remember many people were happy when bakkt wanted to launch, today I doubt they are still excited.

And you mind sharing with us this piece of "news" where BAKKT is taking people's bitcoin?
You have no idea what BAKKT is and how it works, don't you?

Be downed forever because of CME I don't know, but every month : YES.
These organisations have a lot of power indeed, but if they think they can get more money with a Pump, no reason for them to create a dump ?

Yeah, the Illuminati strike again, the guys dumping 500BTC on the market are to blame for, not the horde of imbeciles who panic they might loose 3 ents are dump everything they've got.

I'm wonderring if Bitcoin price can be held down by CME Futures and BAKKT like gold is for many years.

Of course man, it's all a conspiracy, they hold the price down....how?
What stops people buying bitcoin and not seeling at what CME or BAKKT says? Nothing!
Who is forcing you to sell at 7300$ or whatever the pice is? NOBODY!

The same pattern during every bear week of bear season, there must be a conspiration going on, that's the only reason you still can't buy a Bugatti with the two satoshis you've bought yesterday for 1 cent. Outrageous!!

Did I say it was a conspiracy ? No
You can't deny people have the power (or the number of coins) to influence the market. Of course they are playing on the fear of what you call "the horde of imbeciles".
After if everyone was holding will bitcoins go to 1.000.000 ? Or will everybody hold and nothing will happen ....  

[figmentofmyass]

I'm wonderring if Bitcoin price can be held down by CME Futures and BAKKT like gold is for many years. The thing is they are not backed by BTC, BAKKT spouse to be but is probably not, so can they work as an inflation on Bitcoin?

with bakkt, absolutely. because of hidden leverage practices on wall street, bakkt is likely to inject far more paper supply into the market than actually exists in their vault---just like the comex gold market. while bakkt has low volume and paltry reserves, this isn't a major concern for spot pricing. however, that could change over time.

the CME market has no direct relationship with BTC so it can't dictate spot prices. it's basically just a CFD market that follows the spot market.

[Bitcoin_bullish]

I'm wonderring if Bitcoin price can be held down by CME Futures and BAKKT like gold is for many years. The thing is they are not backed by BTC, BAKKT spouse to be but is probably not, so can they work as an inflation on Bitcoin?

Don't you think markets should be free? Let them short and pay premiums and lose everything they got.

[mindrust]

I'm wonderring if Bitcoin price can be held down by CME Futures and BAKKT like gold is for many years. The thing is they are not backed by BTC, BAKKT spouse to be but is probably not, so can they work as an inflation on Bitcoin?

Don't you think markets should be free? Let them short and pay premiums and lose everything they got.

I also think that's how it will play out.

Bitcoin isn't like gold where they can scam everyone forever.

Sooner or later, the supply will dry off because there are hundreds of people who DCA every week, month or even daily.

Sooner or later, hopefully sooner, the price will have to go up no matter how hard  these crooks try to keep it low. They will eventually run out of money.

They can get away with it with gold because not many people demand physical gold. They mostly play with paper gold and nobody cares about the real physical supply. Nobody can exactly know how much gold exist neither.

With bitcoin, everything is transparent. That's why they can't fool us forever.

[WersicyMonree]

Okay, they want to develop additional tools for futures trading, but tell me why bakkt release did not contribute to Bitcoin bullish? Everyone hoped that the market would cheer up and the rate would rise sharply, but expectations were not met. Manipulation again?

For a young exchange, high trading volumes would rather be strange. They obviously do not work for mass demand and advertising must be individual in order to attract VIP customers. However, it was said yesterday that there was a growth of contracts. But I do not know if this can be considered true or a desire to stimulate fomo.

Bakkt sells Bitcoin futures contracts. That is a derivative, or a way to bet on Bitcoin price without actually buying or selling real Bitcoin. Derivatives are always a bad idea for the price of anything. If you decide to buy a futures contract of Bitcoin instead, you are not actually buying a single BTC, you are just betting on the price going up or down without actually buying it. It doesn’t take a genius to figure out what that does to the price of the underlying asset.

It seems to me that for large investors it is even more profitable to have a low price of BTC and they can keep the rate. But in any case, you need to think about yourself, right? If your trading assistants are not strong in predictions, then try the tools and signals on taklimakan network It is better to be prepared and know when it is time to act, and signals are a great thing to make investment decisions on time.

[Waterfull446]

Okay, they want to develop additional tools for futures trading, but tell me why bakkt release did not contribute to Bitcoin bullish? Everyone hoped that the market would cheer up and the rate would rise sharply, but expectations were not met. Manipulation again?

For a young exchange, high trading volumes would rather be strange. They obviously do not work for mass demand and advertising must be individual in order to attract VIP customers. However, it was said yesterday that there was a growth of contracts. But I do not know if this can be considered true or a desire to stimulate fomo.

Bakkt sells Bitcoin futures contracts. That is a derivative, or a way to bet on Bitcoin price without actually buying or selling real Bitcoin. Derivatives are always a bad idea for the price of anything. If you decide to buy a futures contract of Bitcoin instead, you are not actually buying a single BTC, you are just betting on the price going up or down without actually buying it. It doesn’t take a genius to figure out what that does to the price of the underlying asset.

It seems to me that for large investors it is even more profitable to have a low price of BTC and they can keep the rate. But in any case, you need to think about yourself, right? If your trading assistants are not strong in predictions, then try the tools and signals on taklimakan network It is better to be prepared and know when it is time to act, and signals are a great thing to make investment decisions on time.

$ 10,000 not bullish? But it was no more optimistic, because they buy rumors, sell news. If the guys at BAKKT claim that they have 800% growth, this is not so bad, and we will probably be able to see a multiple increase over the next few months, especially when bitcoin again reaches $ 15,000.

[1Referee]

If you decide to buy a futures contract of Bitcoin instead, you are not actually buying a single BTC, you are just betting on the price going up or down without actually buying it.

For a lot of traders that's all they need, a price to trade. In case of CME it's easy to access from their own broker portal, which means that they don't have to submit any documents to an exchange and pretty much dox themselves to a bunch of incompetent clowns. CME's volumes are quite which is perfect for high tier traders. Even with today's overall low volumes they did 23,000BTC in contract volume.

It doesn’t take a genius to figure out what that does to the price of the underlying asset.

In case of Gold absolutely, but with Bitcoin being so scarce as asset, it will take a lot of naked shorting to affect the price negatively for a long period of time. Realistically speaking, it makes not much sense for the big boys to keep shorting Bitcoin with so little downside left, as so, I'm pretty sure that we're not far away from a turning point where they want to be long.

[CryptoBry]

The same pattern during every bear week of bear season, there must be a conspiration going on, that's the only reason you still can't buy a Bugatti with the two satoshis you've bought yesterday for 1 cent. Outrageous!!

Good to always see you here putting things at the right place in the right order. Certainly, it is very easy to concoct a conspiracy theory and have a good number of people believe on them even if devoid of any solid evidence that can withstand a good amount of scrutiny. When Bitcoin is not that pumping, people have this tendency to create many scenarios out of morsels. Anyway, we all have our right to believe on anything even on aliens and certainly here in the world of cryptocurrency we are swimming with all types, forms and sizes of people who are making some sense but many times are just expressing their creative prowess. One thing for sure, I always enjoy most of the things you are posting in this forum.

[pooya87]

they may create more incentive to manipulate the bitcoin price in the market but they are not the ones responsible for the manipulation. the market participants are!

not to mention that all these manipulations and "keeping the price down" is not a new thing for bitcoin. it has existed long before any of CME or Bakkt existed and will exist after them too. the market is still small, exchanges not-trustworthy and on top of all that the market is filled with a lot of weak hands that are so eager to press the big red button of panic sell or panic buy that intensifies all the big drops and rises in bitcoin. consequently when we see a big panic sell with a big drop like these days, that will be followed by a long period of price staying down for many reasons including fear and accumulation.

[TGD]

exchanges not-trustworthy

This is what I'm thinking the key factor for price manipulation. Great example here was the recently dump from MATIC coin. Binance can clearly identify who's the real seller of the huge bag of token because they
have KYC requirements for all account and yet they keep quiet about this issue. And there is other great example from other exchange. Manipulation can't be control unless all exchange are being
regulated by SEC.

[leeboy]

I hope that bakkt is here for positive impact of btc and maybe even for great pump