do you think btc be harder to trade now since futures (hedge funds) are involved?

The price of btc has fallen from 20k to 10k purely because of some insignificant news, shortly after the Bitcoin futures were introduced. I would guess this is because of hedge fund short selling. The moment the futures were introduced I figured it would be harder to trade btc because hedge funds are a lot more advanced than the average millennial. Are the days of bitcoin trending strongly upwards over?

 

Your thesis is absurd.

Next question.

 

how is it absurd

or are you just interested in drive-by insults?

 

Drive by? As opposed to what?

How do you explain the other 1000 coins that took a steaming dump ?


btc traded the same way long before the futures.

that's two absurdities. shall we try for a dozen?

 

I'd say futures have something to do with it. Expiration of the Jan CBOE contract is today.

 

I don't think the South Korean government banning one of the biggest cryptocurrency markets from trading is insignificant.

Bitcoin: South Korea sways cryptocurrency prices - but how?
http://www.bbc.co.uk/news/business-42713314

 

it's still legal in the big economies, like USA and UK which are the biggest players. Only the asian communist shithole countries have banned it. It definitely did not warrant a 50 percent drawdown.