Bitcoin: Wagging the Dog? By Gregory Mannarino

in #money5 years ago

Me new pic.jpg

There are many who are still refusing to believe that it is the Wall Street Wizards who are now running the show with regard to Bitcoin via the futures exchanges, despite seeing it in real time.
Truly, It is a hard concept to grasp, although I have outlined how it is being done...

For them I have a question..


Are you willing to bet against where the futures are being bid at the CME exchange?
Here is a link:


Buy the dip!

The volume on Bitfinex is far higher than on the CME futures, no? I believe exchanges like Bitfinex and Polo have far more influence on bitcoin than Wall St. at this point.

greg why you told people to sell their bitcoin?

I personally have not heard him say this to others although he did sell a few weeks back. I still hear his conservative guidance regarding do not risk what you cannot lose. Basically, I understand his position to be one of the tail wagging the dog in that the futures market will now drive the price point similar to the bond market driving the stock market. Hence, no one knows what it will do with certainty but it might well recover over time. I have also heard him say to look for more lucrative opportunities in other coins with admittedly shameless plugs for Steem. Did I miss something?

Shameless plug? I believe in this platform and Steem. Do you?

@hibiki21...If Gregory Mannarino sells his Bitcoins, this is the strongest sign he could give. He is not greedy. His decision was very wise. If people don't understand that, it's there mistake. Steem is great. I would buy just Steem and Ether. Perfect entry point right now.

great post Resteemed and upvoted

Great response! The only thing I would add is that I think Greg is also quite conscious of the "time value of money" combined with the opportunity cost of any given investment. Yes, we could wait for it to come up which it may or may not do, and you could eventually make money, but how much more could you have made if you put the money to use in a more profitable investment instead? Put another way, how much did you lose by not pulling out the money that was left and putting it into a more profitable investment. This is the whole idea behind a good "stop loss" plan. Keep that money working for you!

The thing I always have to remind myself is that the important thing is not how much I have gained or lost on my current investments, but "what do I have right now?" and is that the current best use?

I don’t doubt you for one minute, thanks

Greg, thank you and we did upvote and resteem

Resteem and upvote always.your post always good.thanks.

Resteem and upvote always sir..........//////

Resteem and upvote done sir:)

Just googled "Does futures market affect underlying prices". Answer: Yes, yes it does. Check it out. Greg is giving a much better education than some of my MBA instructors (IMO) who INSISTED that price discovery was almost always correct due to the law of large numbers, arbitrage, etc. Much appreciated Greg!

upvoted and resteemed this post.......//////////

Resteemed and upvoted

Sir resteem & upvote done!

Thanks for vote. I waiting your next content.

Upvoted & Resteemed your post.

Great post
Thank you

I always like your post to thank you so much for giving your new post.resteem done. @marketreport

Resteem and upvote done

Another great article. Resteemed and upvoted........//////////

Upvoted and resteemed.

Wonderful post
Resteem and upvote done sir

resteemed and upvoted

I like your post..

Resteem and upvote

Thanks Greg. Resteemed

Don’t go short on any crypto. It’s speculation and it’s unlimited risk. Wall stree feeds on you, remember they don’t care if you go bankrupt.

Thanks for sharing great videos.
Upvoted and resteemed

upvoted and resteemed

Bitcoin, Bitcoin, Bitcoin... lol
Re-steem and upvote... :-)
Thanx for info

You are on fire today, Greg.

upvoted and resteemed

Sir,i wait for your next post:)

again resteemed and up voted.

My dear friend....
Wel done and perfect work...

Hello Gregory, cherish the video posts, I was thinking about how frequently the fates are refreshed, would they be able to refresh their costs at whatever point they need? Do we have to persistently screen these costs, or are the ones recorded in that connection "an unchangeable reality" til June 2018?

Resteemed and upvoted

Upvoted and resteemed.

A debt of gratitude is in order for your another educational and educative substance about bitcoin sir

Upvoted and resteemed

Hey Gregory, love the video posts, I was wondering how often the futures are updated, can they update their prices whenever they want? Do we need to continually monitor these prices, or are the ones listed in that link "set in stone" til June 2018?

Thanks for your time and help!

excellent information & good work friend @marketreport

resteemed completed

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trading system post very excellent
Resteem and upvote always your post

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That you post has the post many important information, which for me is very useful. We want to like this important information with you with US to be, we are with you were, are to be. This post through I something new found out. So beautiful a posts to thank you.

awesome post....
dear friend @marketreport
thnx for news

Greg ... I really don't think this is about WS. Bitcoin as a crypto is outdated, and functionally sucks. And without off chain upgrades that strikes at the heart of the BTC decentralization meme, what is the use case? Store of value? ... point is there are already great alts that work well and cheap. And over the last 12 hours how many alts got killed simply because the great sacred cow bitcoin and "real bitcoin" debate, and the failure of the waring factions to fix it? My request to you and other people; Start promoting the cryptos that work and ignore BTC. And I'm not saying sell all your BTC, just try to start educating people that BTC is far from the only game in town.

greg why you told people to sell their bitcoin?

again Resteemed and upvoted..

Gregory Mannarino your all blog are so nice
@resteemed and upvote

you are so great man your all blog ar so nice i like your all blog @upvote and resteemed

Thanks for your another informative and educative content about bitcoin [email protected]

Thanks for posting. I love to watch your video and read post.

great post &Resteemed and &upvoted

I like your information related to Bitcoin. @marketreport

The futures market is less than 1% of the size of the real Bitcoin market which is at least $10 billion every day.

As noted by Bloomberg, futures contract trading in terms of dollar value totaled $61 million on the CME Group's platform in the first eight hours post-launch, compared to $49 million in total value for the CBOE platform during the first eight hours a week earlier. Nevertheless, the average daily total value in bitcoin contracts since futures trading kicked off has been around $75 million.

Excellent information thanks for sharing sir

Your post is really asam.i like your post.upvoted to you.thanks @marketreport

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It is about learning..

And they pull most of the other coins with it, cannot beat Wall Street.

Upvoted & Resteemed your post. Thanks for sharing

Nice post sir. Upvote and resteem done.

You always upload importance post thanks for sharing

wonderful post
i like your post,thanks for sharing
have a nice day @marketreport

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