The BTC market is tiny compared to the other more mature markets out there and I'm worried they are going to use this as an opportunity to massively short BTC and crash the market before going long and profiting (potentially rinse and repeat). If the banks get involved it could even potentially be used as part of a long term price suppression scheme to discourage people from buying BTC. Similar to what is going on in the silver market in particular.
My point of view is a bit biased because I hate regulated markets that close at 25% drops, have expiration dates, holidays and so on.
But, with all future contracts there is an expiration date when you have to settle the balance.
If bitcoin would have been at 100k then indeed we would have a small problem.
But with the price hovering at around ~ 10k with probably only 10 millions floating for real in the markets, shorting for now looks to me like suicide.
Anyone else very worried by this? Just think how many speculators out there are buying BTC now because of this news. It would be very easy to flush these people out (weak hands) and create a panic if you had big enough pockets and were willing to short BTC to the point where you create an all out dump.
Speculator, weak hands.... cry me a river.
Nobody gives a damn about stupid people who invested only for instant gains.
And an ALL out dump will NEVER happen.
I'm not saying this will definitely happen I'm just laying out my worries. I will probably be hedging by going part cash and maybe continuing to buy BCH which I'm gradually becoming more convinced is the real Bitcoin - but that's another topic entirely.
You believe in a lie.
