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RE: In depth explaination on why BTC will rise after the 26th
Will this then become a trend in the coin market?
Cause once the futures have expired the will hand out new ones and will this again influence the prices? Or is the effect so big, because it were the first futures?
I'd have to go with both. Being these first futures, many jumped in. Although, these kind of events could tend to repeat themselves as market is still not big enough and a selected few are still capable of manipulating the market.
This was true before futures and yet it wasn't as scary since those who were manipulating had interest in pumping the price (not saying it was good anyway). Now bankers and financial institutions have access to futures that have a huge payout if bet is won. They'll do whatever it takes to win the bet.
Thx