Futures is that which pops Bitcoin

Discussion in 'Crypto Assets' started by yangnw, Dec 10, 2017.

  1. yangnw

    yangnw

    If I were the Bitcoin sharks, I would have been driving up the price patiently and slowly, like what they have been doing for the past few years. This recent madness attracts attention, which is the last thing they want.

    This puzzled me until I realized that they had been waiting for the futures all alone. The assets obviously cannot be liquidated all at once at its full price, but they can sell covered futures.

    Financial instruments really accelerates the market, even a fraudulent one.
     
  2. It will be a short pop to probably 18K but then it will drop by the same increment.Watch out!lol..