Some investors are excited about bitcoin futures, and others think bitcoin itself is a fraud.
Most investors ought to focus on, for example, 11 bitcoin-related stocks due to much lower risk. Even if you are not a bitcoin BTCUSD, enthusiast and are happy limiting yourself to stocks and ETFs, you still need to pay attention to the propaganda in the social media about bitcoin futures that may affect you as a stock (and bond) investor. Let us start with an analysis of a bitcoin futures XBTF8, chart, and then we will get into the lies.
Chart
Please click here for an annotated chart of bitcoin futures’ January 2018 contract. The futures are now trading at Cboe CBOE. Futures will also soon start trading at CME CME, and later on the Nasdaq NDAQ. Please note the following from the chart:
• Bitcoin futures’ trading range is very wide.
• There are no typical footprints of extensive short-selling as of this writing.
• Bitcoin futures are highly volatile.
Manipulation
First, you need to know about “bitcoin whales.” Bitcoin whales refer to a small number of people who control a large amount of bitcoin. According to one report, less than 1,000 people may control 40% of all bitcoin. On the other side are relatively unsophisticated retail traders, some even putting their life savings into bitcoin. This is a perfect setup for manipulation.
Regulation
Bitcoin futures, however, are regulated. This is being promoted as a virtue of the bitcoin futures….Read more at MarketWatch
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