Will Bitcoin Crash on the December 10th..?!

Are You Ready For It...

Is all the madness (fun madness) of the past week coming to an end -- this Sunday, December 10th… Will the launch of Bitcoin Futures crash the market…

Or will it just legitimize Bitcoin, even more…

Back in the 1970's when Gold Futures were launched -- it put gold on the map.., before that hardly anybody was trading gold, they weren't even thinking about it. And ever since Gold has been going strong…

The fact that only .5% of the population that can own Bitcoin, actually has any -- meaning that 99.5% of the population are still sitting on the side-lines. They've been able to buy it, but for some reason they haven't jumped in yet… Now with a government regulated exchange issuing futures contracts.., could this be what brings Bitcoin to the masses…

I mean if just a small percentage of potential investors that have been hesitant for one reason or another, decide to take the plunge, there is no telling how high the price could go… Because if I understand correctly -- you can't short Bitcoin… So, who is going to be on the other end of that Futures contract… And if there are no sellers, that could cause Bitcoin futures to skyrocket!

But on the other hand (there's always another hand).., that .5% that already owns Bitcoin, that got in a long time ago.., they are sitting on some massive profits right now. They could hedge their position with futures -- or just dump it.., causing the price to drop -- possibly plummet. Plus, now with institutional traders, who arbitrage the market with their algorithmic analysis, able to jump in.., will they just take over and drive (dictate) the price of bitcoin like they do with the currencies and agriculture with the same formulas…

And if they are already using their algorithms.., it might suggest a song sell-off is coming… Guys like Cantor Fitzgerald and other heavyweights all use algorithms.., and even though they don't collude with each (as far as we know), if they are all using these algorithms and they say sell -- all these institutions will consider selling. And as most traders know -- markets don't like the unknown.., they like to know what is coming and the launch of Bitcoin Futures is a big unknown… Also traders, just like anyone else (probably more so) like to protect their profits.., and if they have been in Bitcoin for awhile, they have some significant profits to protect. Shit, these big guys (institutions) might get and just flex their muscle, just because they can...

Either way, the launch of Bitcoin Futures could very well be a game changer -- good or bad. With all the attention this will bring to Bitcoin, you could very well have traders buying bitcoin futures to lock in the price, because of this new found attention and all the potential investors that could send it to the moon. Whichever side you are on.., it is going to be one hell of a ride. Cheers!

P.S.,
Just to be clear.., I am a beyond a total layman when it comes to trading -- anything! But I know how and when to listen, when people with a ton of skin in the game are talking.


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