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RE: Bitcoin analysis. Is fear from futures that drove altcoins wild? (#15)
This is always in the back of my mind too. Wall Street are like the Casino. Their house, their rules, Their money. They never lose, even if they have to take everyone down with them (like the government bailouts after 2008). While I believe Bitcoin could hit 1 million dollars per coin eventually, the Futures market could make their money just as well by playing yo-yo with the price, using their market makers to aggressively position the prices when needed.
Yeah, They will definitely try to play some yo-yo but as always Bitcoin will show it's stamina again. Jamie Diamon had not crashed it,
Chines also,
and we had been afraid that Futures market will.
I bet that also this time it'll not happen! I think that this Wall street "Futurists" will play long and if they occasionally try to short something, they will burn their a**es. Is already evidently they bet on $18k Bitcoin price and at the end could happen, that they will suck their thumbs and scratch their heads asking themselves : "How Bitcoin goes way over $20k?"