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19/01/18
09:59
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Originally posted by All4One
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davec88
You and the other holders of bitcoin have no say at all what price it will be from now on.
The big trading banks now have control of bitcoin and if they have not already done so they will be issuing paper bitcoin as a futrue market.
I understand you have absolutely no idea about trading, CME, COMMEX and how the system works at all just going by your posts.
Those commodities traded on the COMMEX at least have liquidity, bitcoin does not.
Try and learn what CME is and what the COMMEX is. It will take quite a while and when you do you will understand what the futrures market is and can do.
I know you think no one but the buyers and holders can set the price but you are very wrong.
Take a long read of what happens in the futures markets, you might understand, you might not.
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I don’t know if the volume bitcoin futures market is large enough to affect the price yet, probably current market moves have more to do with technicals and market sentiment, maybe a little cyclical and cooling off after a run up.