It's over, isn't it?

[Anonymous No.11928406]

The fundamentals have changed, old fags sold off, and the financial elite have swooped in and collected all these coins. With all these coins, they pumped the price, and with the introduction of futures, the invisible market makers shorted it into the ground.

You cannot say the same conditions exist now as they were before futures introduction. Not only this, but physically-delivered futures won't contribute what everyone is expecting. Simply, before a contract expires, the participant responsible for providing the physical asset will be required to market buy the coins off the market. This would make you think this would pump the price, however, the volume of the BTC markets are much much more than the volumes produced by futures (for now atleast, and this is using the CME / CBOE futures as a reference).

Even if BAKKT manages to obtain significant volume, it still won't change the fact that those participating in future contracts will just buy their bitcoins for the settlement before the contract ends, in a highly liquid market (assuming BAKKT volume is neglegible to current exchanges) this won't budge the price at all.

With all this in mind, I foresee the slow growth of Bitcoin futures volume and the slow decline in actual bitcoin trading volume, until the entirety of the market volume is via the futures. Once this happens, manipulation will stop, and price will begin to stabilize. For every rise in price there will be equal amount of people attempting to sell. There will be real volume and traders, not just whales controlling the market and retail investors shitting their pants.

As a result of all this, bitcoin's price will slowly fade into oblivion.... Can someone argue this is not the case?

[Anonymous No.11928426]

It never happened....

[Anonymous No.11928484]

>>11928426
bump, too high iq for this board?