The newer futures trading platform will allow them to lock in profits from the rise, and suck money away from those who have bought contracts expecting the price to rise exponentially. The price will continue to rise until they have managed to open enough put options to trigger the drop.
Remember guys - Jet Cash warned you about the price movements first.
You prediction was right, the future market is one of the reason for the crash, but the liquidation of the MtGox also fueled the correction in a big way.Remember guys - Jet Cash warned you about the price movements first.
I believe that the biggest threat to Bitcoin isn't blocksize or stuff like that, it's exchanges that steal people money, or can't keep wallets safe.
Without a doubt the so called "hack" by the exchanges when ever there is an increase in price must the accounted for the coins deposited by the users, majority of the hacks are just fishy, we need to have a system to counter these type of loot from the service providers.