$1 Billion in Bitcoin Options Expire Friday.

[lepbagong]

Sooo friday passed. Nothing happened. This options expiration was a big nothing.

I know, right. I was just saying yesterday, putting out my invoices early for the month, I was hoping all of this hype would translate to some kind of crash or mini dip at least come America wakey time. But ho hum nothing happened. And Bitcoin even showed some signs of rallying now so when I get paid, it'll actually be near this top.

Boring. Next, please.

Yes, as I have said before, this is not the first time, so we should get used to it. Bitcoin rebounded already, pushing for $11k after the expiration so yeah, we can say by now that there is no significant effect except for those people who wanted it to make it some noise, so it's just another day for bitcoin traders. No dump happened and on the contrary it bounce nicely, no $9k, sorry for those who are expecting it.

why panic and be confused about what will happen to bitcoin at this time is indeed difficult to understand because the fact has happened several times but there is no need to be afraid and worry about what you are going to do that you must have a sense of optimism to see a reality like this. bitcoin will appear to go up and that will obviously happen and it is just a matter of time that it will happen. although it will go down yes it could but what is certain is that the increase can be ascertained.

[daarul50]

it is always feels so hillarious everytime we take a look to an article or headline like this , sounds like something big may occured in front of our face because of certain event but it is all actually a bullshit , someone badly expecting market to move . remember when there is a lot CME future contracts expired few weeks ago ? or months i dont remember exactly , but nothing is happened. this could be the same situation.

[BrewMaster]

every now and then there are some options that are expiring with different total amounts (by the way you forgot to mention the source for that $1 billion amount which is weird) but the market never cares. there are times that some people panic and some other times that they don't so we don't even see that small panic move. but one thing is always certain, we can't predict what the next market move is going to be specially at times like this.

We have like every 3 months bitcoin options expiry right? And in the past it wasn't even sensationalized or at least it was not given any attention so it doesn't have any impact at the market at all. Although this is huge amount $1 billion, so maybe the market will just swallow this kind of news just like in the past and the effect will not be felt at all. So I don't see any panic here and it couldn't make any difference at all.

now that the Friday has come and gone plus some more days, we can clearly see how news like this are always empty crap written by news sites and spread around the internet by people who are reading them thinking it is a valid speculation.
this time the news was so insignificant that we didn't even see a small panic let alone anything that affects the price in any ways. i think most of it is because nobody cares about this but also because the panic sellers are out for good until they come back after the rise and above $12k.

[STT]

We did see the price appreciate about 4% last Friday which isnt small but nothing special by BTC standards.   It hit a weekly average and drifted sideways and its really gone nowhere since then, in fact its drifted across the monthly average but I dont see its going anything like I would expect with a new trend or the OP story.    We've had this happen lots before where price is going nowhere, we speculate but we dont know where it will go.
   My general stance is caution while we are out of a trend, we dont have the uptrend that was in play post March recovery and imo its quite fair for price action to pull back and check support so thats the story i'm waiting for even though there is no neat story to explain why any transformation or movement will occur.

[7788bitcoin]

it is always feels so hillarious everytime we take a look to an article or headline like this , sounds like something big may occured in front of our face because of certain event but it is all actually a bullshit , someone badly expecting market to move . remember when there is a lot CME future contracts expired few weeks ago ? or months i dont remember exactly , but nothing is happened. this could be the same situation.

Majority of the articles are click bait headlines but when it comes to options market the expiry was Friday and i was expecting some major movements but nothing happened, i am yet to fully understand the implications of the future options market, sometimes when the market keeps soaring the options expiry will have an impact on the market but when the majority expiry price was larger than the market price nothing happened.

[jostorres]

That is the most confusing part about bitcoin trading world and the traders within. I mean if it was such a huge deal and if it was about to be something major don't you think people would react beforehand? Obviously they would make a big move before it happens in order to take advantage of it, but there was nothing big at all and you are still talking about it like it could be something big like a major news.

I wouldn't really consider this a big move honestly and that is why I believe this was a topic that were born dead and for some reason people out there thinks that one news could change so much of bitcoin price. In any case at least we have thought some people that bitcoin is not something that changes that quickly that fast just because there is a news out there about something we may not know.

[cryptomaniac_xxx]

That is the most confusing part about bitcoin trading world and the traders within. I mean if it was such a huge deal and if it was about to be something major don't you think people would react beforehand? Obviously they would make a big move before it happens in order to take advantage of it, but there was nothing big at all and you are still talking about it like it could be something big like a major news.

It's really confusing because we really don't know if it will have a negative effect or not. Plus the market is decentralised, thus it is hard to see the sentiments of traders or investors. Maybe some whales did anticipated and take advantage of it. But I'm guessing majority didn't and have this kind of wait and see attitude.

I wouldn't really consider this a big move honestly and that is why I believe this was a topic that were born dead and for some reason people out there thinks that one news could change so much of bitcoin price. In any case at least we have thought some people that bitcoin is not something that changes that quickly that fast just because there is a news out there about something we may not know.

Yeah, maybe we can said that investors are really getting smarter now as compare to 2017 wherein it's pure speculation and irrational. So topic like this one doesn't affect us no more, and we don't listen to this kind of news because it is really old.

[rodskee]

it is always feels so hillarious everytime we take a look to an article or headline like this , sounds like something big may occured in front of our face because of certain event but it is all actually a bullshit , someone badly expecting market to move . remember when there is a lot CME future contracts expired few weeks ago ? or months i dont remember exactly , but nothing is happened. this could be the same situation.

Just now that i read this thread and checking the topic.it seems that friday has already passed but looks like nothing happens meaning this is just another fud to rattle those panicking people?

That is same reason that i try to prevent myself from reading or trusting topics related to this because most of them

are just a story that wanted to shake market but they cannot because.no one believing this kind of post nowadays

[imstillthebest]

it is always feels so hillarious everytime we take a look to an article or headline like this , sounds like something big may occured in front of our face because of certain event but it is all actually a bullshit , someone badly expecting market to move . remember when there is a lot CME future contracts expired few weeks ago ? or months i dont remember exactly , but nothing is happened. this could be the same situation.

Just now that i read this thread and checking the topic.it seems that friday has already passed but looks like nothing happens meaning this is just another fud to rattle those panicking people?

That is same reason that i try to prevent myself from reading or trusting topics related to this because most of them

are just a story that wanted to shake market but they cannot because.no one believing this kind of post nowadays

theres nothing wrong in reading but trusting ? we should think twice before we do it  .

1b in btc is alot and it can really shake the market but its now october 3 and few days have passed before they released the news  .

i have been checking the price of bitcoin all the time but i havent see any big movements in the price instead of the small dips which happen last day but now i can see the price is back again on its safe zone .  well i guess the issue is over guys ,