Bitcoin Futures: Future or Fall of Bitcoin?

CME and CBOE Futures controlling bitcoin? Since the last weeks bloodbath and the CME futures contract expired at the same time, there might be some validity to the rumor.

I was watching Clif High on YouTube, he made a statement that Bitcoin futures games won't work, but it seems they might have. To be fair, Clif High’s data showed a dip in bitcoin in his report last month very close to the day of bitcoin falling.
So, is this the Banks controlling a supposed decentralized currency like Bitcoin? Bitcoin started off as decentralized but now it has come more centralized in nature. These futures groups are shorting bitcoin for big gains and then like clockwork grab at the lowest price they can. Is this a circle jerk Ponzi scheme they are perpetrating on bitcoin traders?

Some groups are now trying to anticipate the CME and CBOE future contracts and trade on those movements. One bitcoin trader commented, “Thank you, CME. I love being able to buy Bitcoin on the cheap.” Would this be a strategy that we should be playing? Get into the warm waters of bitcoin and swim with the whales? Can we even stay alive?

Here is the bitcoin chart from the start of the CME Group on December 17 according to TF Metals Reports tweeted on January 16, 2018.

Screenshot_3.png

Here is the chart before the CME futures.
Screenshot_4.png

Here is the bitcoin chart for the last month.
Screenshot_5.png

Is there a way to capitalize on how the CME futures trades and follow those trades, or do we get swallowed up in the big wave of extreme dips of bitcoin?

Sort:  

cool blog about bitcoin. i upvoted you. upvoted and followed you. upvote & follow me back and we could earn together

Congratulations @cryptosquad! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard!


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @cryptosquad! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

The Steem community has lost an epic member! Farewell @woflhart!
SteemitBoard - Witness Update
Do not miss the coming Rocky Mountain Steem Meetup and get a new community badge!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.25
TRX 0.20
JST 0.037
BTC 96252.72
ETH 3559.97
USDT 1.00
SBD 3.75