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/biz/ - Business & Finance

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4717952 No.4717952 [Reply] [Original]

Anyone else feeling bullish on BTC for the next three weeks leading up to the launch of CME futures? Since the initial announcement on 10/31 we've seen its value double. Combine this most recent news with normie FOMO buying and Tether manipulation and I see new ATH's on the horizon for a lot of cryptos. Give me your thoughts /biz/.

Inb4 bitcoin is an obsolete shitcoin, everybody and their grandmother knows this. At the end of the day there's a window of opportunity and money to be made.

>> No.4718001

>>4717952
yeah man everyone is bullish about bitcoin even ((them)) so futures will probably be above current price.

>> No.4718039

Double top.

>> No.4718108

I bought at 11000. Comfy as fuck, seeing as to how this will reach 17K before the weekend ends.

>> No.4718120

Seems like if BTC goes up then everything else of mine is going up too. I'll be comfy as fuck if that continues.

>> No.4718322

>>4718001


bruuu futures are going to be at least 100 percent a year.

>> No.4718340

>>4718120
If you're not beating BTC with your gains, there is no point anon.

>> No.4718368

I literally think the complete opposite about cme futures I really think walstreet money is going to take advantage of it and short the fuck out of bitcoin over the next month. You can make a lot more money shorting bitcoin right now while it’s flying his high than being long so it seems like the most obvious scenario

>> No.4718406

Major Alts often out perform Bitcoin and this will be especially true in 2018. Get EOS and see for yourself.

>> No.4718498

>>4718001
>>4718108
>>4718120
time to sell boyos

>> No.4718544

Yup, I do.

Just in time for the launch of the futures so (((they))) can short the shit out of.

That'll be the real test, can bitcoin win against a threat with an infinite supply of funny money.

>> No.4718579

Explain CME futures, what are they?

>> No.4718614

>>4718579
>>>google

>> No.4718656

>>4718614
I only want people who actually know to answer

>> No.4718678

>>4718656
If you can't even guess what a futures contract is you shouldn't be on this board...

Having said that 99% of the NEET degenerates shouldn't be on this board.

>> No.4718916

>>4718678
You dont know either you fucking faggot

>> No.4718941

>>4718916
https://www.investopedia.com/terms/f/futurescontract.asp

You are one dense motherfucker but here you go

>> No.4719008

BTC will hit 15k before futures. CME will short us back to 10k which will be our healthy and needed pullback.

>> No.4719534

>>4718941
So you dont know what a futures contract is then?

>> No.4719801

>>4717952
Futures will make it steady and slow growth

>> No.4719810

hahaha rip biz and all you fucking normies that got in after aprils

>> No.4719835

Won't futures wreak havoc on market volatility?
AKA why anybody does this in the first place?

>> No.4719850

>>4717952
Someone explain to me why futures would affect bitcoin price at all, since these dickweeds aren't actually trading BTC, just gambling on where they think it will be? I keep hearing about this fear, but have yet to see an explanation about how Wall Syreet nimrods speculating about the price will mean dick to the actual price?

>> No.4719908
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4719908

What Wallet do you guys use?
Someone suggested Exodus

so far this year, I've acumulated 2200$ worth of btc, planning on selling when btc will be 40k

>> No.4719914

I gotta take a dump, brb guys.

>> No.4719949

>>4719914
hurry back

>> No.4720021

>>4718941

>A mathematical model is used to price futures, which takes into account the current spot price, the risk-free rate of return, time to maturity, storage costs, dividends, dividend yields and convenience yields

Going to be some serious number crunching going on

>> No.4720046

>>4719850
>but have yet to see an explanation about how Wall Syreet nimrods speculating about the price will mean dick to the actual price
I assume that they'll figure out how to play on Crypto Exchanges and how that affects the price. They'll certainly have access to a lot of money to be able to do that if the price isn't going where they need it to be

>> No.4720063

>>4719914
>>4719949
He's not coming back.

>One of the first to dump before the weekend dip.

>> No.4720071

>2 hours and no confirmations

Hurry the fuck up you leeches.

>> No.4720103

>>4719908
>planning on selling
don't

>> No.4720189

>>4720103
Why not? Although McAffe said it would get more higher

>> No.4720227

>>4720021
Nope.

It's literally just supply and demand, people bid it up or sell it off just like anything else, but there's either a fixed date of maturity or it can be a rolling futures

>> No.4720236

Have you guys just got your own wallets and chosen platform to trade cryptos? Which platform do you use

>> No.4720247
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4720247

>>4719949
Im back, what did I miss guys?

>>4720063
>liddlekek
I did no such thing, how dare you!
If anything I just bought 100k of BTC right now.

>> No.4720283
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4720283

>>4717952
>implying the blocksize issue will get any better by introducing new more people into the market
original investors are looking to get out because of this, having to bid over eachother already to get into the block

this can only get worse

>> No.4720302

300k people just downloaded coin base. Takes a week or two to get your account linked and money into your coin base wallet. In one week BTC is going to shoot up to 14-16k. Screenshot this.

>> No.4720321

>>4720302

How to Screenshot?

>> No.4720351

>>4720302
Not if your a pajeet.
>takes longer.

Not if your America.
>Almost Instant.

'Merica is probably gonna dump on you guys next week.

Just look at the chart.

Buy BTC now, and Hodl.

>> No.4720401

>>4720283
sauce on that vid my man?

>> No.4720463

>>4718340
Exactly if your not bascally all in BTC or some kind of god your doing it wrong. Every alt is dipping youll be able to pick up your stack again or even more. If BTC fails you shitcoin isnt going to survive anyway.