BTC is particularly vulnerable to this because of the number of "whales" that have been holding for a long time and for the most part all know each other.
> On Dec 9, 2017, at 11:02 AM, Chuck McCown <[email protected]> wrote: > > Never thought about shorting and then dumping. I guess if you have a large > enough position on anything that could work. I wonder if there are laws > against doing it in the stock market? > > From: Travis Johnson > Sent: Saturday, December 09, 2017 8:51 AM > To: [email protected] > Subject: Re: [AFMUG] OT: BTC futures > > Do you really think the "average" person that is buying into BTC right now > knows any of that information? Bitcoin has been on the financial news > channels every single day this week... and it will be again Monday because of > the futures trading. > > The only thing driving the price up is demand... so the more news, the more > it's talked about, the higher the price will go. LOL > > Travis > > >> On 12/8/2017 12:06 PM, Carl Peterson wrote: >> Futures trading could just as easily drive the price down. If Im sitting on >> a 100k coin and I want to sell half of it, I short BTC to hedge against the >> price dropping and then sell a bunch (which will cause the price to drop). >> I fully expect this to happen. >> >>> On Fri, Dec 8, 2017 at 1:27 PM, Travis Johnson <[email protected]> wrote: >>> Hey.... BTC is back "down" to $15k today... and the futures options start >>> trading on Sunday, which I think will drive the price up substantially this >>> coming week... now may be a good time to get in. >>> >>> Travis >>> >> >> >> >> -- >> Carl Peterson >> >> PORT NETWORKS >> >> 401 E Pratt St, Ste 2553 >> >> Baltimore, MD 21202 >> >> (410) 637-3707 >> >
