panmores Posted December 5, 2017 Share Posted December 5, 2017 Doubt this is about conspiracy theories or rumors only. This information should be taken seriously: https://cryptoking.org/bitcoin-futures-next-big-short/ drbob, Gangus and djn121 3 Link to comment Share on other sites More sharing options...
Guest Posted December 5, 2017 Share Posted December 5, 2017 I am anticipating this. I currently hold 0.0 btc and won't until its at 5-7k. I may miss the btc bus, but as far as I'm concerned, I already have and the xrp bus is coming. Link to comment Share on other sites More sharing options...
Ripple-n-Time Posted December 5, 2017 Share Posted December 5, 2017 The short term run up of bitcoin has been parabolic to say the least. A short play could definitely be coming. My only concern is with a float of roughly 17 million BTc at the moment, how much manipulation can really be at play? BTc is a worldwide phenomenon, not limited to a US market asset. People/experts have been comparing btc to gold as a store of value. Gold is a natural resource with supply limitations far beyond btc IMO. The sheer limit of BTC makes me think that any initial sell off will be met with another near term rise. I equate it to a stock with only 16.8m float. There is no naked shorting btc. Period. Wall Street can't squeeze it. Or can they? Even with collusion they are playing a dangerous game.....I'm anxious to see the next chapter. Long XRP here largely Montoya, will4star and Zerponaut 3 Link to comment Share on other sites More sharing options...
Guest Posted December 5, 2017 Share Posted December 5, 2017 Imagine this.. Management from ABC Co. decides to hold a leadership seminar at XYZ Paintball Park. Currently, Nancy from accounting is running the show! A real trooper! A team of Navy SEALs show up for a mission. Not training. They use every trick and skill they have at their disposal. That's right, they're not using paint folks! You now have a choice. Join ABC Co. or take a step back and think about the risks. These professionals that are moving in to crypto are not here to practice. They ARE going to short bitcoin because they can. In fact, they are going to joke about how Nancy from accounting paid for their trip to Belize. Call it FUD. But it's your money. Are you ready to take on Wall Street? Link to comment Share on other sites More sharing options...
Ripple-n-Time Posted December 5, 2017 Share Posted December 5, 2017 Yes. Unless it's seal team six. And can I see a pic of Nancy first before I decide? bloodhound and Insoniac 2 Link to comment Share on other sites More sharing options...
panmores Posted December 5, 2017 Author Share Posted December 5, 2017 13 minutes ago, Ripple-n-Time said: The short term run up of bitcoin has been parabolic to say the least. A short play could definitely be coming. My only concern is with a float of roughly 17 million BTc at the moment, how much manipulation can really be at play? BTc is a worldwide phenomenon, not limited to a US market asset. People/experts have been comparing btc to gold as a store of value. Gold is a natural resource with supply limitations far beyond btc IMO. The sheer limit of BTC makes me think that any initial sell off will be met with another near term rise. I equate it to a stock with only 16.8m float. There is no naked shorting btc. Period. Wall Street can't squeeze it. Or can they? Even with collusion they are playing a dangerous game.....I'm anxious to see the next chapter. Long XRP here largely I would agree with you if those futures contracts wouldn't be launched in such a rush. Clearly someone's in a hurry to put a leash on this free-wheeling anarchy coin that could potentially upset the status quo system. Link to comment Share on other sites More sharing options...
M-X Posted December 5, 2017 Share Posted December 5, 2017 Even at the current peak, you'd have to be crazy to short Bitcoin - it's new territory and nobody knows how much it could grow. Link to comment Share on other sites More sharing options...
Zerponaut Posted December 5, 2017 Share Posted December 5, 2017 48 minutes ago, Ripple-n-Time said: The short term run up of bitcoin has been parabolic to say the least. A short play could definitely be coming. My only concern is with a float of roughly 17 million BTc at the moment, how much manipulation can really be at play? BTc is a worldwide phenomenon, not limited to a US market asset. People/experts have been comparing btc to gold as a store of value. Gold is a natural resource with supply limitations far beyond btc IMO. The sheer limit of BTC makes me think that any initial sell off will be met with another near term rise. I equate it to a stock with only 16.8m float. There is no naked shorting btc. Period. Wall Street can't squeeze it. Or can they? Even with collusion they are playing a dangerous game.....I'm anxious to see the next chapter. Long XRP here largely You've got some very good points here, and I agree with them, but my 8 XRP is... BTC's position will inherently weaken as the market gets stronger. Right now, Bitcoin MUST be bought if almost anyone wants to buy many of the smaller Alts. But as the market matures and demands Fiat/Alt pairs, the demand for BTC will subside somewhat or significantly. The resulting/current massive volume stimulates BTC growth and confers a value on BTC that simply isn't, or shouldn't be there. If someone says BTC is popular because people think it's a store of value, maybe to some degree, but basically, if you want to buy into 95% of the coins on the market, you need to feed the Bitcoin monster as the price of entry. *Some* people/experts compare BTC to a store of value like Gold. Others laugh at this idea (correctly I think, personally). BTC is in no way limited whatsoever like Gold theoretically is. It has already happened several times. If a limit is pushed, they'll just fork it, and et voila! Greater capacity! Like magic! From a 'currency' or 'commodity' that supposedly has a 'finite' capacity, they've managed to what, triple, quadruple its supply? I don't even know how many Bitshits are floating around these days. Also, I think the centralization of Bitcoin addresses is currently great enough to provide ample opportunity for coordinated selling. Who knows what it will be like when the 'Pros' enter the market. I saw somewhere the idea of the whales vs. the sharks < was it on XRPChat? Sorry I can't recall who said it but kudos to the originator. The fact is, the most voracious, experienced and biggest money and market manipulators on the face of the planet simply aren't allowed to trade in crypto. Yet. But that day is coming. FUDFatigue, panmores, amulecregg and 1 other 1 3 Link to comment Share on other sites More sharing options...
Naki Posted December 5, 2017 Share Posted December 5, 2017 Bitcoin right now is like the toughest kid at primary school all year hes spent saying how hes the boss and hes going to go to highschool and be the king hes talked **** and annoyed a lot of the high school seniors but was always protected from them. Come the 10th and 18th of this month he enters there territory and loses his protection wont take long for them to show him whos boss panmores and Skippy 2 Link to comment Share on other sites More sharing options...
drbob Posted December 5, 2017 Share Posted December 5, 2017 @panmores Great post.... theres defn something cooking...im thrown it out there... BTC and Alt Bull run till around Feb-April , then the big short.. Eth also looks like it may go parabolic soon... To add to the confusion.. http://www.zerohedge.com/news/2017-06-12/exposed-real-creator-bitcoin-likely-nsa-one-world-currency "ordo ab chao" Link to comment Share on other sites More sharing options...
Guest Posted December 5, 2017 Share Posted December 5, 2017 These guys are pros at making and taking other people's money. Hold on guys, it's gonna be fun! Link to comment Share on other sites More sharing options...
Guest Posted December 5, 2017 Share Posted December 5, 2017 11 hours ago, panmores said: Doubt this is about conspiracy theories or rumors only. This information should be taken seriously: https://cryptoking.org/bitcoin-futures-next-big-short/ thanks for posting this, can't believe i missed the thread earlier -- we've been talking about it in the chatbox the last couple of days my feeling is that bitcoin's going to get crushed in shorts on the (CME et al) futures markets there's a reason ripple wants xrp stability and hired miguel, former CME gold guy -- he gets it any coin going into the sharks pond around Wall St better not be overpumped and backed by nothing or it's going to get eaten alive XRP on the other hand... looks good, real value proposition, possibly underpriced, best team/tech, strong vision, etc the strongly conservative/risk-averse mentality in futures is going to obliterate the pumpy-dumpy childish libertarian hypewagon Link to comment Share on other sites More sharing options...
Guest Posted December 5, 2017 Share Posted December 5, 2017 (edited) just in: https://www.coindesk.com/tokyo-financial-exchange-planning-bitcoin-futures-launch/ tokyo hot on the heels of wall st Edited December 5, 2017 by Guest Link to comment Share on other sites More sharing options...
mistatee2000 Posted December 5, 2017 Share Posted December 5, 2017 26 minutes ago, zerpdigger said: thanks for posting this, can't believe i missed the thread earlier -- we've been talking about it in the chatbox the last couple of days my feeling is that bitcoin's going to get crushed in shorts on the (CME et al) futures markets there's a reason ripple wants xrp stability and hired miguel, former CME gold guy -- he gets it any coin going into the sharks pond around Wall St better not be overpumped and backed by nothing or it's going to get eaten alive XRP on the other hand... looks good, real value proposition, possibly underpriced, best team/tech, strong vision, etc the strongly conservative/risk-averse mentality in futures is going to obliterate the pumpy-dumpy childish libertarian hypewagon Interesting. I also have my hopes that XRP may feature on the futures market, however, even with the escrow lock-up I'm wondering if the likes of CME might still be concerned that Ripple could have a significant impact by releasing 1billion XRP every month. I doubt that XRP would, but these futures companies like to be in control from every angle Link to comment Share on other sites More sharing options...
Guest Posted December 5, 2017 Share Posted December 5, 2017 6 hours ago, drbob said: http://www.zerohedge.com/news/2017-06-12/exposed-real-creator-bitcoin-likely-nsa-one-world-currency Very interesting article! Makes you think. Link to comment Share on other sites More sharing options...
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