Futures won't necessarily impact the direction of bitcoin (in regards to the price going up or down). But it will greatly impact the volatility. Bitcoin is already one of the most volatile assets in the world. Which allows for massive profits AND massive losses to be made at the same time. The swings are going to get more intense because it will become easier to bet both sides without actually holding any coins. The peaks and the dips are about to get more intense.
With fees increasing so much it will be very hard to sell and buy bitcoin on whim. So people will lean toward holding. The problem is that futures will start to have a greater impact since the fees will be smaller and people will be able to bet on the direction of bitcoin without actually buying or selling it.
Good luck to any day traders trying to chase the ups and downs! Good luck to the HODLers! Good luck to you all ☘
Just realize with volatility comes risk. There is a tradeoff of substantial risk (depending on your actual investment) for a potential of incredible returns
We don't know how the future works to bitcoin unless if it stable right now. So we need to take a risk on what will happens to bitcoin, for those who wants to earn then make a trust and risk to bitcoin. As what you've wrote, bitcoin is the the most volatile asset and we can't configure its price. The best thing we will do is to keep up on supporting and holding bitcoin but do not always rely on what we've in bitcoin's price because someday maybe it will pop up like a bubble. Be wise but don't be afraid to lose.