Wall Street Is About To Have A Field Day With Bitcoin Futures, Here's How. By Gregory Mannarino
Today Bitcoin is scheduled to start trading on the futures markets and Wall Street is going to have a field day with it.
First, let’s define what futures trading is.
Trading or speculating on futures is simply a contract, an agreement, in which a party agrees to buy or sell a particular asset in the future at a set price.
Now I want you to ponder this...
On a relative basis Bitcoin is thinly traded moreover, it is also not widely held-so what does this mean?
The fact that again on a relative basis Bitcoin is thinly traded and not widely held leaves open the door For major rigging of the price action of Bitcoin, and it is so simple for Wall Street to do it!
So how will this work?
Being that Bitcoin is now going to be speculated on by not just the regular guy or gal on the street, but by major Wall Street institutions, all that needs to be done is a big bank or someone with very deep pockets can go ahead and buy large blocks of Bitcoin in an attempt to drive the price higher, and then dump these large positions back onto the market-and Professional Wall Street Speculators are going to have a field day doing this reaping windfall profits via futures contracts without ever owning a single Bitcoin.
It is always the same, Wall Street wins...
Gregory Mannarino, The Robin Hood Of Wall Street.
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I am concerned that "Satoshi" was a Wall Street group all along, and that "his" 50% of the bitcoin is about to hit the market in a brutal way. That said, I also know they tried to "bait" us into a deeper control matrix with the internet, and that backfired. Seriously. I think they may have tried to drive people into cryptocurrency with the plan of grabbing the reins of control lightly until enough momentum was built up. The hardest people to move to digital currency SHOULD be the ones who understand fiat. By making cryptos "rebellious" they got the rebels in first. However, by getting the rebels all on board, when they go to try to tighten their grip it may not go as smoothly as they envisioned.
But would a "Wall St Satoshi" have dared to put out something as disruptive as bitcoin? Also, Wall St may be clever and devious, but maybe not as wise as Satoshi.
Greg has a great point, and it appears that the powers-that-bleed-us-dry are already trying to manipulate the price of bitcoin. Not sure if they'll succeed, but we can all be sure that Wall St will make a strenuous effort to manipulate, control, and profit from cryptocurrencies.
While they can ....
https://www.investopedia.com/terms/l/longtermcapital.asp
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That is an interesting and plausible perspective.
futures are just a fancy word for a bankers casino. those who sold want to go back in and some now are desparately raising all sorts of flags and fears. btc will not give a iota about bankers games, the free people decide what the value of btc will be at any particular time that includes ltc, eth, dash, monero, eos, steem, bts, iota etc etc. bankers havent even heard about those and dont have a clue how to buy btc. there is risk, yes, like telling race drivers there is risk in racing formula 1, thanks, the drivers did not know that
cool info, upvoted + resteemed.
Nice post again.I am giving you a vote and resteem your post.Thanks to sharing it with us.
very good information,thanks for very good sharing
upvoted and resteem....
Good information. So I give you a upvote and resteem your post.
Your post resteem now. I wait next post:)
Thank you for your thoughts on Bitcoin. Have a nice Sunday.
resteemed
Thanks Greg. I resteemed this.
Very informative information .. Thanks to shares .. Restem