1 hour until the futures are settled

1 hour until the futures are settled.

Let's see if we got jewed.

>1 hour until the futures are settled.

I'm a brainlet, does anybody care to explain what this means? Thanks.

You're not going to make it, user.

Explain it chabudds

So listen m8.

You got some guys who buys some cheap futures for 11k yeah? So then they crash the price down to 11kand settle the futures isnit m8.

I don't need to make anything, I'm just in crypto for memes and fun. No crash can take those away from me.

big money has been shorting btc for the past month
that means ((((they)))) want the price to go down

shorting: you promise to buy the asset at a later date meaning you want the price to gown down so you can buy it for cheap

The hypothesis is that wall st whales created a short position last month and purposefully dumped all of their BTC recently. On a futures contract if you short it you’re basically betting the price of the underlying asset (BTC) will be worth less in the future than the current time the contract is open. If it is less, you basically get the difference between what the price was and what it is now as profit. So they sell 10K BTC at $15k and since they sold so much it triggers a huge market crash, but they also profited on the sale, then they also get the profits from the contract on top of it. After the contracts are settled it’s speculated they would start accumulating heavily again which would drive the price back up, then do it all over again

It’s just whale market manipulation in an unregulated maket. Fuckers are going to make a killing.

Yes but how do they push the price down to short successfully without the risk of it going higher and cancelling their short

What exchange allows them to cash out just like that

>1 hour until the futures are settled.
where do you get your 1 hour from?

You expecting big green dildo's? And if so, will they do it again on 14 feb?

They settle it all in usd, no one really buys a shit. Just fucked the price up for settlement date.

Maybe he's talking about Brit futures. US ones don't wrap up for another few hours.
There's an hourlong break between 5 and 6pm EST ("settling"), after that, the new day's session starts.

>Sell 10k Btc at $15k
I don't see who bought that much and when did they buy so much of it themselves.

Is this do with technical futures fuckery

Where are the futures markets and exchanges??

Nice, i can make an easy 5k for a savannah cat.

Should I go into BTC once the elite finish dumping this? I got an extra 5 BTC from this crash

Thanks for the explanation. That makes sense, but haven't there always been huge whales out there who hold a massive chunk of the overall BTC? If this works so effectively wouldn't we see this kind of thing a lot more frequently since whales would constantly be tempted to make money from shorting and then dumping?

Wall st bro. They got a lot of money. To buy 10k BTC @ $10k USD would take $100mil. That’s chump change for hedge funds on Wall St.

They have 1000s of btc to drop. Unless someone gas $500,000,000 on an exchange to buy it up (they don't), the price free falls.

Learn english?

Next set of futures going to really fuck our shit up. If they value it low people will loose thier shit, if they value it high it'll get shorted and dumped to oblivion a few days before the next contracts are up. No winning for Alts. You can of course join the Jew at his own game though.

>phoneposting

Im a bong faggot

Because the futures contracts weren't trading on Wall St previously, just little exchanges doing their own thing.

>being this retarded

Yes and no. Taking out a short position like that requires a ton of collateral and the ability to “float” that contract for a certain period of time. You need a lot of money in order to do that. BTC whales up until recently were most likely only BTC rich so they couldn’t play in big league futures markets because that requires USD, licenses, etc. There are smaller crypto futures markets but something on this scale really requires more than to just be “crypto rich” but BTC whales can manipulate the market and have absolutely done so in the past, just on a small scale

CHARLIE LEE KNEWWWWW
HE COULD HAVE SAVED US IF WE LISTENEDDDDDDD
WHY DIDN'T WE LISTENNNNNNN

Oh and just like this user said, Wall st futures have only really been active for a month

How often would you need to do it? BTC reached 10K not that long ago. The coolest part is they can do it again whenever they want.

Where are these futures markets??

His brother works for one of the big exchanges and charlie worked at coinbase so he obviously has good contacts(insider trading)

CME and CBOE (google them) are the ones active right now. I think they’re both in Chicago which is where most futures markets are

CME runs one, and CBOE another.
Both out of Chicago, I think.

Stocks close at 4pm est.

Thank guys. I'm a little less uninformed now thanks to your posts. But if all of that is true doesn't that mean that the entire crypto market can basically be bullied by wall street indefinitely?

That sounds like a major problem going forward. Who wants to put their money into something when the possibility of getting your shit pushed in by big money just lurks behind every corner?

So it will basically never end, until a plain crashes in CME AND CBOE?

Then fucking short btc before the settlement date.

They will push the price to make more money next month. BTC is pretty comfy if you look at it this way.

It can, as long as you don't HODL. The panic sell is how they make their profit, if they are the only ones selling, they are just washing their own money and even risk a loss.

So now that futures exist and big banks can manipulate whatever they want, it's over for Veeky Forums??

>tfw no more 1000x gains in alts because of BTC whales

JUST

I'm fucking tired of these jews, when is someone going to gas them again?

Or bitcoin is decoupled from alts finally and the kikes can play with their shitcoin

Is there any good material to read up on about risk, shorts and futures contracts to better understand how they are manipulating BTC technically/mathematically/logically?

I think it's pretty much over unless you hold ETH or BTC. Seems like alts will get their shit kicked in for awhile until one can become established enough. That's the only way plebs like us will be able to even stand a chance. Hence why I put 50% of my portfolio in ICX and NEM in the hopes that Japan/Korea will step up to the plate.

What about upcoming futures? Do we have dates or other details?

yes

Another user mentioned it but as long as you hodl, you’re fine. In reality you can benefit from what they’re doing because you can buy up shit for cheap when the market dumps. It may scare some people off in the short term but if BTC stops being a major trading pair, it won’t affect the market as much. Hopefully that happens soon

Go on...

That's what I would hope is the result of all this. The Wall St kikes battling the CIA Core kikes until death and alts win the game.

Google "put" and "call" options, that's all you really need to understand the fundamentals of futures markets.

So there's no saying whether the price with go up or down?

Chicago Board of Exchange

Fucking jews ruining everything again, why the fuck don't they dissapear already?
Earth is a white man planet, everyone else needs to die.

It means we're in the real world now. Good and bad.

Worth to switch all my altcoins into BTC incase something happens?

looks cool, user, but i'm sure they are SUPER high maintenance. also, do you have to feed it raw meat daily?

Damn yeah Charlie was right

People don't realise how easily manipulated this market is. Bitcoin whales usually work at these top exchanges btw just think of Coinbase or Kraken or Gemini.

Remember the Winkelvoss Twins are the ULTIMATE bitcoin whales themselves.... and they are now doing business with wall street. Seriously goyim.

In the short run, no. In the long run, if you believe in crypto, and I think most people on this board do, it will go up with dips like this occurring along the way. That’s why its always safer to hodl instead of timing the market on a daily, weekly, monthly, etc. basis. If you know it’s going up, who cares if it drops for a couple of days?

The futures are all settled in USD. It has literally no effect on the BTC market any more so than your 5k bet on the superbowl determines what team wins.

academics please respond

CBOE settles today, CME futures settle on the 26th of January.

People were having a hard time selling futures contracts (evidence: low volume) so they discounted the contract price as it compares to coin price. Every 3rd Thursday contracts expire. So you can expect the difference between contract price and coin price to meet. In other words this should be no shock as futures markets pointed to this crash for weeks.

If a whale dumps their BTC before the contract settles, then yes it does. That’s most likely what’s going on here

True that, except lots of people thought that this was THE crash and i was going to take years to recover

can't we rally together and push prices in the opposite direction and beat (((them)))?

Veeky Forums has about $1000 combined, so no.

It does have an effect if people are selling BTC to make their futures more profitable (food poisoning the football players to influence their bet)

If you really don't know this you need to learn more before you buy more. Wow

It could be. I have my doubts, though. There’s so much hype around crypto right now and so many major companies trying to get into blockchain that it makes me think if we’re going in to a bear market it would be a relatively short one

Lol. Do you think this is spartacus or something?

Please look at the history of market crashes in the past. Look at orange futures most recently. Basically, no.

Not really. Its more like betting against team 1 in the Superbowl, and then buying a percentage of team 1's ownership and getting them to lose the big game. Then selling ownership immediately before they lose that game. You win the bet and get your money back.

Other countries' futures markets will come online with different settlement times. They'll start fighting like with oil and it'll take more than one group of fags to price fix. The fags hate each other so we'll be free for awhile.

Come on guys. Lets think big. We got Trump in the white house, I'm sure we can do something about this.

You would have to convince literally every weak handed panic seller to not give in and then create a $100mil+ buy wall on top of it. Veeky Forums can’t do shit

I told this to another user in the thread but see this as an opportunity. Wall st is giving you the chance to buy up your favorite coins at 50-60% off. As long as you hodl, Wall st just made you some money

/biz can't count to 10 prove me wrong.

1

B

benis

Uh, no. I own 4 cents worth of Bitcoin that was given to me for setting up a wallet. Everyone complaining about futures manipulation is looking at the wrong people this is on the counter owners that have the largest positions. They would sell you the right to buy their coins at X price to hedge against lower future prices. No one is buying, or they are buying at 10k. The battle has been fought already 'cause the guys doing the hedging didn't have to sell anyone the right to their coins at any price but accepted prices well below 16k (let alone 20k)

This is a much better attitude to have if you actually like Bitcoin prospects.

Can’t wait for Fairx.

It's like the long hold retirement strategy... Something I advise young people to do with stocks given that since the late 1800s, a large percentage of total stock gains occurred on MONSTER daily runs.

Timing it would be ideal, but very few people can do it, if any

By volume is so low. Just 50 bux/wk by 5000 people will pump btc to ridiculous highs. Maybe a discount group or something.

If this was /g/ I would agree, but a lot have joined with the idea of converting it back to Fiat. It's something to sell for them they don't see it as a tool.

Btc volume

thank you user for this great insight.
Do you have maybe any ideas how to infer the price movement of btc from the contract price?

Is this illegal, and what's this process called?

10 :D

It’s not just BTC though, it’s the whole market. I like most people don’t like how BTC affects the market so much but at the same time it provides for awesome buying opportunities like this. But again, if you believe in crypto, you can’t lose with hodl

No, because the 1% meme is real.

WHEN DO I BUY BACK IN

And even more on the long

It's not illegal because this is the Wild West still.
Regulations will come, but with it there will be less gains as well. It will become like the stock market, essentially.

It is not illegal to control/ try to control unregulated currency. This was a huge risk with Bitcoin once you realize largest holders controlled more than 5%.

It's happening.

#3 is top tier

its essentially a massive pump and dump

A week before Asian new year

Definitely. One of the craziest things I realized when I first learned about investments was that anything on the S&P500 would have given you roughly 8% annual returns if you held it for the long run even factoring in the great deperession. If hodling works for Warren Buffet, it works for me

True, and in the long run I would like to also. But with crypto we’re discovering so many more use cases for the underlying technology other than currency so I still think it’s a good long term investment.

Nope. Crypto is unregulated. On the NYSE? Absofuckinglutely. Not sure if there’s a name for it specifically besides falling under the general category of “market manipulation”.

where can I find porno with girls who look like this?