Seeing as the first batch of futures don't settle till Jan, I would assume you are right, at least about it not happening for a few weeks. I don't think it will happen till there are a few settled exchanges with good volume. Large BTC holdings have been quite disciplined about selling. Either that or they really believe that BTC is going to take over the world.
On Sat, Dec 9, 2017 at 4:13 PM, Travis Johnson <[email protected]> wrote: > I don't believe this will happen in the next few weeks. There is still too > much new hype and news about the price right now... it will start up again > on Monday and continue to climb for several days... at least I'm hoping. :) > > Travis > > > On 12/9/2017 11:35 AM, Carl Peterson wrote: > > Both markets will be settled in cash... so they aren't actually trading > btc, just betting on it. So like cash settled gold futures, the futures > market can be much bigger then the real market. If I'm a whale and have > margin to back it up, I can sell millions in futures and then just dump BTC > to drive the price down. This will happen. > > On Dec 9, 2017, at 1:24 PM, Carl Peterson <[email protected]> > wrote: > > The long takes the hit. It's an exit strategy for whales. The issue thus > far has been that you really can't sell in any quantity without driving the > price down. Now you can, assuming someone is willing to take a long > position. > > > > Sent from my iPhone > On Dec 9, 2017, at 11:44 AM, Chuck McCown <[email protected]> wrote: > > Whoever is brokering the short positions would be taking the hit I would > think. > > *From:* Carl Peterson > *Sent:* Saturday, December 09, 2017 9:22 AM > *To:* [email protected] > *Subject:* Re: [AFMUG] OT: BTC futures > > > 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 > <https://maps.google.com/?q=401+E+Pratt+St,+Ste+2553%0D+Baltimore,+MD+21202&entry=gmail&source=g> > > Baltimore, MD 21202 > <https://maps.google.com/?q=401+E+Pratt+St,+Ste+2553%0D+Baltimore,+MD+21202&entry=gmail&source=g> > > (410) 637-3707 > > > > -- Carl Peterson *PORT NETWORKS* 401 E Pratt St, Ste 2553 Baltimore, MD 21202 (410) 637-3707
