Quote from: BigBoy89 on January 26, 2018, 11:34:08 AM

Quote from: ccarew on January 22, 2018, 08:07:04 PM

So we all know what happened with the CBOE futures.. a few days of dumping until the expirey on the 17th then a somewhat decent recovery. Fair enough there were other factors (South korea and China FUD) but the pattern clearly shows it going down until the 17th when it miraculously started increasing again.

We currently have 4 more days until the expirey of the CME futures (26/01/18)..It is thought that most people shorted, therefore we will see a similar pattern, with BTC potentially dropping further (around 8500) bringing down altcoins with it.

I HODL last time, and although it did recover it was not 100%, and I feel like this time I should move to tether or fiat and ride it out until it starts to recover again on the 26th

What are peoples plans?, am I missing something? (other than the India FUD)... is this going to constantly happen with futures contracts?

thanks

I don't think there is correlation between futures and bitcoin price... yet. Just fiat bitcoin futures volume is too small to make some tangible impact on current bitcoin price. But it will with volume increments.

I thought that it didn't as well. But when CME launched their futures contracts last December, that's when bitcoin surges up to 50%, just hours after the launch. Though the whole bitcoin futures concept still bothers me, it's the stupidest way to own bitcoins.