Post
Topic
Board Speculation
Re: Bitcoin can`t be tamed by futures trading ~ Price went up 10% in minutes
by
magneto
on 12/12/2017, 07:37:22 UTC
Love it. All the FUD before the future trading started. BTC will drop in price etc etc blah blah.

What happened. The trading platforms website crashed in minutes and Bitcoin rose 10% in five minutes.

Go home Wall Street boys. You can`t tame Mr Bitcoin.

There was indeed a lot of FUD about how futures trading will completely ruin bitcoin or will completely crash bitcoin when it was to scheduled to start. But it turned out to actually be nothing special and actually boosted bitcoin price a whole lot.

In my opinion, futures trading or not, bitcoin is going to be bitcoin day end. We hold the real bitcoin, they're trading fake bitcoins. Sure it's going to be manipulation, but it shouldn't affect the long term bitcoin growth.

This is why you never listen to FUD, and never listen in fomo market conditions as well. Make up your own decisions.