I just wanted to know if anyone has theories about the impact of having bitcoin futures. Although there seems to be not many people shorting hehe
With regards to that. It's always been a positive outcome for Bitcoin. The drop happens usually and we shouldn't worry because it is completely normal. We should get used to the sudden drop then up again. Besides that, bitcoin is widely known now, imagine it's growth in 5-10 more years
I didn't see the positive outcome that bitcoin future contract has brought in the market. We can say that it really push the price in December that's why the inevitable happen, it burst and then we experience bearish trend for the last 4 months. So I can say that it didn't do anything good for us. Its just been hype that's why a lot bought during the December madness specially when they hear that CBoE and CME are entering the picture.
But once we saw what it does bring long term, all the hype is gone that's why we suffer and ended up in the bear market. Its good though that we have somewhat recovered, but for me, it also brings more problem to us.