CME Bitcoin Futures MARKET MANIPULATION?

foodnature (57)in #steemit • 7 years ago

Is it possible that the Bitcoin $20'000 bullrun from December 2017 was all just a set up to dump the price to settle the expiring CME Group Futures for short positions? How manipulated is the Bitcoin price really? Let us know your opinion in the comments bellow.

#bitcoin #cryptocurrency #news #crypto

7 years ago in #steemit by foodnature (57)

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grisotti (11) 7 years ago

Are there any prospects for bitcoins, is it worth buying them and keeping them in your savings? Perhaps such questions are asked by many investors who heard about this amazing new currency BitCoin, which has already greatly famous on the Internet. In this commentary I will combine multiple opinions and Express their opinion about the prospects of bitcoins.
Forecasts and prospects of bitcoin
So, it seems to have a potentially great future of bitcoin: an international currency alternative to the real money, quick transfers, the inability to counterfeit currency, etc. But not so good as it might seem at first glance.
The question of the prospects of bitcoins first and most important obstacle to their further development only legislation (see law on bitcoins). No country has not become fully legalize bitcoins. In this preliminary review of countries do not yet allow us to hope that there will be positive results on the recognition bitcoin legal currency. Hence, there are serious doubts in their future.
At the moment, almost all States do not conduct active struggle against bitcoin, so everything still looks pretty optimistic. But what if the new currency will struggle in the form of various prohibitions? In this case, about any future new cryptocurrency do not have to talk.
Perhaps many will strongly push the fact that now the exchange rate of bitcoins fluctuates very strongly and thus to predict how long he will be in a couple days is impossible. Too speculative market in bitcoins. Of course, you can use technical analysis charts and try to predict what will happen next. But first, their results are far from reality, and secondly to engage in a constant analysis and forecast would not want every investor. Moreover, the tests are justified not always.
In the future, the bitcoin exchange rate over time have settled and linearly start to grow (if there will be strong problems with the law). Therefore the problem of strong fluctuations, most likely, will be solved. It just takes time.