Anyone else think CME will crash the price of bitcoin when they start selling futures? Most people seem to think the price will rise but big institutional figures/companies who want to short bitcoin will finally have a means of doing so.
Not fuding, just curious.
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The year are cash settled and other exchanges don't suddenly shut down. They are going to JUST themselves with arbitrage.
Yeah I agree; I opened a bitcoin short at $7900 bitfinex, still waiting. I should have closed at 5500, but I think bitcoin will dip to $3000-$4000 in a few months. All they would need to do is network congestion on next block difficulty.
Of course, the same reason Bitcoin unexpectedly pumps will cause its downfall. Bitfinex pumps or dumps depending on whether there are a lot of open longs or shorts. They trade against their own customers ffs.
yes it will
price will go up until cme add bts and then they short the shit out of it
buy the dip at 3k and long it
Does anyone else think me betting against France in the football World Cup makes them more likely to lose?
today OP you attained wisdom
You humongous retard
Shorting means borrow someone asset for a fee, sell atm and buy back when agreed
If you have enough money to sell 1M btc everything will go nuts
I think it will be similar to paper gold and silver.
Unlimited fiat shorts might cause the market to crash since it's all cash settled.
You don't know what a futures contract is.
It won't because they limit it to 7% loss on the day and 15% gain. The market is literally too slow and limited. It won't tame Bitcoin it will just destroy a bunch of wall-street wallets and they will fucking demand Bitcoin be regulated.