Bitcoin futures make way for a new kind of whale
Yes, to those who are betting big on BTC. Again, I cannot tell you whether to buy or sell but the common expectation is that bitcoin raises to a set point and then fluctuates between a high and a low until the next run up. Until then we enjoy rises and dips and volatility that puts most bitcoin dilettantes off their lunch. Now, on which side would you be standing?
That is all coming and at that point the market will harden itself against panics and booms. I know, these wouldn't look like strategies at all, and this is exactly why I'm asking Just as, inno one could have predicted the prevalence and value of open source projects like Linux and Apache, no one can currently predict what bitcoin and other cryptocurrencies will do for us in the future. While bitcoin may always be the proverbial hidden pot bitcoin futures make way for a new kind of whale gold for early buyers the future of all cryptocurrencies is still being written. And are the bitcoin whales in for a sad Christmas?
Until then we enjoy rises and dips and volatility that puts most bitcoin dilettantes off their lunch. First we must understand what drives bitcoin price and, in particular, this boom. How would you do if you were a crypto investor and why? I know, these wouldn't look like strategies at all, and this is exactly why I'm asking
Time will say, as it always does. The futures market will be a big driver in growth and bust over the next few months as institutional investors begin using the currency. I intimately still don't agree with the 'bubble' perception Would you run out of the water, try to dive deeper into it, try to change portion of the ocean by at least switching to some alt-coins until the first big waves hit BTC and you see if and how it punches back, or would you stand up on your surfboard and try to ride that big wave?
Now that Bitcoin futures are available it is easy to buy into futures market first and then create a massive number of buys or sells of Bitcoin to ensure the price swings in favour of your futures contract. In the end, who knows which time will be the time? Just as, inno one could have predicted the prevalence and value of open source projects like Linux and Apache, no one can currently predict what bitcoin and other cryptocurrencies will do for us in the future. This group of enthusiasts bought and held bitcoin and will not sell it at any current price.
But we must remember that the real value of a cryptocurrency is not driven by price but instead is driven by utility. This group of enthusiasts bought and held bitcoin and will not sell it at any current price. In the end, who knows which time will be the time? Now that Bitcoin futures are available it is easy to buy into futures market first and then create a massive bitcoin futures make way for a new kind of whale of buys or sells of Bitcoin to ensure the price swings in favour of your futures contract. And are the bitcoin whales in for a sad Christmas?
Until then we enjoy rises and dips and volatility that puts most bitcoin dilettantes off their lunch. How would you do if you were a crypto investor and why? I know, these wouldn't look like strategies at all, and this is exactly why I'm asking In a rally towards and beyond all time highs BTC currently trading at Many are disappointed in the moves, believing the rise is happening because of market manipulation.
And are the bitcoin whales in for a sad Christmas? The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges. All cryptocurrency movements are based on domain specific media and conversations between traders. Now, what do you think will happen? While bitcoin may always be the proverbial hidden pot of gold for early buyers the future of all cryptocurrencies is still being written.