Quote from: xelaxin on December 14, 2017, 10:57:46 PM

Quote from: Baofeng on December 14, 2017, 10:41:13 PM

Quote from: Imfinnabeon on December 13, 2017, 07:14:59 PM

Quote from: xelaxin on December 13, 2017, 07:08:55 PM

Everybody thinks, that Bitcoin is "to the moon"-only asset? Grin

Nope I tend to agree with the analysis you put forth in your first post and I too think there will be a similar correction. I thought however it would already have begun by now but I think perhaps it is waiting on the CME launch of futures which I believe is the bigger set. Will be interesting to see what happens after Dec 18th I know I am ready for either direction.

Agreed. We should look after Dec 18. Bitcoin has been consistently settling around $16K-$17K lately after CBOE bitcoin future contracts. So it would be really interesting to see if this can be maintained after Dec 18 or a price correction or even crash will happened. Let's see how it goes.

But personally, I think that all this futures contracts seems to lessen the volatility of the market. If you have noticed it. lately there's no wild price swings, it will always stays at the range of $16K-$17K at the end of the day. So me thinks that this is cause by those financial institutions getting into bitcoin now.

Completely agreed, imho it is main purpose for the futures - price manipulating with less real fiat supply, and volatility control
It is just incredible that just one future, with not so big volumes, control Btc market with all his volumes...
My opinion that money now flows to the owners who will put some of their new maded capitals back into crypto world, but it will be another coin, and, as there will be much more fiat on the market than was some years ago for bitcoin, everything will happen faster harder scooter;)

There is obviously an example of CBOE futures launch on 10 December, when Bitcoin made one of the largest growth in % in 5 minutes time, I think the same will happen upon CME launch. I have a quick video proving my point, would be glad to hear your feedback:
https://www.youtube.com/watch?v=JsR9N-TDBWM