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RE: GTWCA-52 | Another Lower Low!
@gandalfthewhite I think paper bitcoins is driving the price down.. CBOE futures not being settled in BTC. Gives them the ability to short BTC without holding any.. though Bakkt I hear will require holding of actual BTC to short.
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Yes, I think so too. How much further? This is the only question, my friend. Hopefully not too much.
@gandalfthewhite
I think we will find strong support lines along the way, but if shorting bitcoin using futures stays profitable through CBOE it could go a long way.
Like I said when there are bitcoin settled futures I think it may change dynamics once again. Many people do not want to touch the dollar, and right now thats the only way I know of you can short bitcoin. So once there are more options it may change.
I think if we could get more altcoin to fiat gateways it would help. I think Stellar is the closest to doing this right now. As for the last 10 years you HAD to buy bitcoin to get altcoins. Just in the last fews months altcoin fiat pairs have started.
So yeah bitcoin settled services will help, along with altcoin gateways.
Just my opinion which is not financial advise.
These whales.
Well, I believe you are right, my friend. There is nothing left to be added.
User friendliness, improvement of all the coins/projects, more possibilities to buy alts with fiat...
... and whales must stop shorting lol