Quote from: BitcoinHunt3r on June 23, 2018, 01:38:35 PM

Quote from: damort on June 23, 2018, 01:03:03 PM

Quote from: _omobee_ on June 23, 2018, 07:13:01 AM

Everything you need to know about the currently tanking crypto market in one image. June 29 bitcoin futures expire next Friday, which originally went on sale Dec 15 (at the height of BTC price mania). Delta between expected price then & suppressed price now = whale profits.

Remember how invincible bitcoin seemed in December? For every long investor back then who FOMO'd into a high-priced June 2018 BTC futures contract, someone with deep pockets on the other side of the trade is incredibly incentivized to see that price tank as much as possible...

Good news is, this June 29 date is the farthest out you could buy futures contracts starting in December, and by the time later dates opened up, BTC markets had already lost steam. So whatever crater we hit at month's end is likely the bottom.

My prediction is BTC continues going down. Many people will leave bitcoin but some will buy in to wait for it raising in future.

sad fact but it is true, bitcoin get it is booming at the end of 2017 and now people maybe start to change to new things, maybe other alts or other futures we don't know. but if we be patient we can get profit once it is booming again

No people are not moving to other crypto currencies because we can see that the dominance of the bitcoin keeps increasing so which means people are now moving towards the bitcoin after knowing that holding of bitcoin will make us rich one day.

As he said many people are not leaving the cryptos they just selling their bitcoins now and just waiting to buy bitcoins more cheaper now they follow the strategy of the whales. Cheesy