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    Author Topic: Why is a average Bitcoin price of $10,000 so important to someone?  (Read 143 times)
    Kprawn (OP)
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    February 24, 2018, 03:27:11 PM
    Last edit: February 24, 2018, 03:49:18 PM by Kprawn
     #1

    Have you noticed that we have been floating around the $10,000 bitcoin price for some time now?

    Have you also noticed that coincided with the introduction of Bitcoin Futures?  Futures are also used in portfolios to balance

    out price fluctuations on investments, where the underlying asset is particularly volatile.  Roll Eyes With Bitcoin futures, the contract

    will be based on the price of Bitcoin and speculators can place a “bet” on what they believe the price of Bitcoin will be in the

    future. As futures are designed to balance out price fluctuations of underlying assets, it could also make the price of Bitcoin

    less volatile. {Source : https://cointelegraph.com/explained/bitcoin-futures-explained }

    So, Does this mean, someone is making money, by going Long or Short on the Bitcoin price? I think so. Would it be one of

    the reasons why we are seeing a less volatile Bitcoin price, hovering around $10,000? {Again, I think so}

    Is this the future for the Bitcoin price? {Wall Street manipulating the Bitcoin price to profit from Futures?}

    Let's discuss this phenomenon and what the probability is that this is happening. I am not a professional trader, but I can

    see a pattern forming around $10,000.  Huh

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