Hello friends , I would like to write this blog in very simple words so everyone can understand why bitcoin is not rising and why bitcoin bull run is not coming till now .
According to charts and experience both says that Bitcoin should already be in bullish mode till now but its not happening . According to me the only reason that is stopping bitcoin and crypto market to be in bullish mode is “BITCOIN FUTURES CONTRACT “ BY CME AND CBOE group.
Make sure you continue to read this blog as i will be telling you some facts which will make you believe that everything is happening because of BITCOIN FUTURES CONTRACT …
Now let me show you some stats :
26th Jan 2018
CME 1st Futures Contract Expires and Bitcoin went from $13000 on 20th Jan to $10400 on 26th Jan .Big Fall in just few days as futures contract was expiring on 26th Jan so $2600 Fall . Big Pump to $12000 in next 2 days after contract expires .
23rd Feb 2018
CME 2nd Contract expired and bitcoin went from $11700 on 21st Feb to $9350 on 26th Feb .Fall of $2350 in just few days and then again big jump as soon as contract expires reached $10600 in coming 2-3 days .
25th May 2018
CME Future Contract expires and Bitcoin went from $8600 on 21st May to $7000 on 25th May .We Saw Big Fall Of $1600 in just 3 days because of CME contract expiration .
And Now lets Come to present date
29 June 2018
CME futures contract had to expire Bitcoin went from $6700 on 21st June to $5900 on 29th June.Again big fall in bitcoin price as CME contract expire and now we see sudden pump where bitcoin trends at $6400 next day again .
So All this clearly shows that Bitcoin is now like a ball which is being played by CME and CBOE group to make big profits .
Now let me tell you with experience these contracts are repeating patterns with reason and i can challenge on what i will tell you now .
These future contracts are making traders to get overconfident on their trades as the pattern is repeating again and again from last 6 months
now traders will get use to shorting their trades , they are trying to make them habitual that bitcoin will always go low when the futures contract will be near to expire but now as everyone is going over confident of themself now time is very soon when all trades will only go Long and everyone in market will start doing trade to short bitcoin but in real it will always increase , which will make traders loose big money now .
Till date traders have made good money while shorting bitcoin as it was getting very predictive and as now they are getting more and more confident to short bitcoin all time when near to futures contract expiry date . So for me game will change now and all these traders will keep on shorting for bitcoin and soon trend will shift only towards long and uptrend for bitcoins and this is how big guys of CME will become more rich and new traders will loose big money soon shorting bitcoins .
When will this start ? No one knows but yes it is very near for sure .
Whats your opinion about it let me know by commenting Below .
Thanks
Sumit Kapoor
@moneyguruu
Downvoted for trying to scam people on chat for money to increase rep
Downvoted ? and i tried to get a repo high from you ?? when i did so can you pls share that instance ? @jonny-clearwater
Sumit ji , INTERNATIONAL EXCHANGE www. cex.io REJECTED MY FIAT WITHDRAW TO MY CARD THOUGH VERIFIED USER OF THEIR EXCHANGE AND I USED TO ALREADY WITHDRAWN 2TIMES BEFORE , I GOT SHOCKED WHEN I SAW SUPPORT TEAM MAIL . SO SCREENSHOT OF MAIL SHARED HERE IN MY BLOG TO TAKE PRECAUTION
https://steemit.com/bitcoin/@bnbtravels123/international-exchange-ban-withdraw-to-indian-master-visa-card
@jonny-clearwater first you need to collect some knowledge about Mr. Sumit Kapoor, who is he and what he do. He don't need to build his reputation, his reputation is already very high. He is a god father of lots people like me, he never scam anyone. Think twice before downvote anyone like Sumit Kapoor.
You’re right mate
Gud blog bhai dil khush hwa apka blog trande pe dek k nice
flagged because your reasoning is obviously bullshit and you flagged because this is reasonable post warning investors and goes against the steem oiligarchs plans to dump on everyone
I don't make shit up.
Not my fault you are unaware of what he has been doing.
My statement is accurate.
I would reconsider your flag, I don't make for a very great enemy on this platform.
(btw...I don't have an issue with the actual content of this post, just the users actions with community members elsewhere)
you say this but there is no proof would be easy to screenshot claims
i really couldn't give a shit see my posts, steem is controlled by scammers
Aren't you a lovely addition to the community.
its all a setup
at least 9 mill steem sold by steemitinc this year and more to come with powerdowns all the while the votes will be worth less and less
but the community is the important thing any value given is for the top holders who exploited system in early days
I don't know man
I bust my ass on this platform, make a living from it and have nothing but love for our community.
Try not being so pessimistic maybe....
but you do you.
I hope you have a great day.
lol jonny this guy just flagged me too out of nowhere i just noticed, for spreading "FOMO" by making a post which simply asks about what I saw as a 15 million dollar sale of steem on BitThumb and he just goes all crazy , now i see why, he thinks steem has "oligarchs" and that they have a plan to "dump" on everyone lol enough said , i was gonna explain how anyone on steem is lucky to get a dime if it want for whales but nevermind not in the mood tonight lol ima just chill and yeah dont fuck with jonny @isacoin ur gonna regret it man, he has fun flagging people and right now your just asking for it :D I hope isacoin has another secret alt account because only 150 SP and 500 delegated Sp is not much to fight with against jonny :D XD lol
Meh
He's entitled to his opinion, even if it is retarded.
Just sad to see this kind of toxicity in a community I love and respect.
you have mental issues mate
Hey bro plz upvote my profile my repution so weak plz one upvote
Agreed. I've read it all but still not sure "Why Crypto Bull Run Is Not Coming ?" and the summury at the end of the post with "When will this start ? No one knows but yes it is very near for sure" doesn't make the answer clear.
pls sir upvote
https://steemit.com/digitalnew/@digitalnew/market-wide-reversal-beginning-now-btc-going-to-100k-next-year
nice information
You got a 89.92% upvote from @th3voter thanks to: @puneetsuthar!
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Can you explain this bit more !
Thanks !
sir
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Ive been warning everyone not to get rekt in a short position yesterday. No body litens! Don't get stuck in fiat when this market turns either. You might never get back in again.
I believe this is best time to get in and ride the bull
I think it will happen soon! Next step $100,000!!
I will say i wish your words come true very soon :)
I believe in bitcoin)
i do see a pattern and it makes sense as well. you are on to something here.
Yes i am just waiting when that bull run gonna start and people gonna be happy again @sarah249 !
M G good to see you reply in steemit to..........
what do you think about ontology?
https://steemit.com/cryptocurrency/@lijo/ontology-about-to-flourish-in-crypto-market-will-go-live-soon
ONT and ZRX are very good projects for long term. if you have the patience these can give you multiple times not just percentage profits.
I have followed you upon your Coin market thoughts.
@sarah249 You are following good
InshaAllah bitccoin dobara say apny sab say high rate pa jay ga bohot jald .
and thanks for the information sir .
Yes Bro I am agreed with your views at some points. BTC futures affect the prices most. I hope your prediction for long come soon. Waiting for the Bull Run #HODL✌ Awesome post Thanks for sharing ...
☆ Follow ☆ Upvote ☆ Comment ☆ Resteem ☆
Even i am waiting for the day badly but i have no problem even if it takes time as bitcoin always set up and platform before bull run ..
your thoughts on ontology
https://steemit.com/cryptocurrency/@lijo/ontology-about-to-flourish-in-crypto-market-will-go-live-soon
@moneyguruu
Well researched well explained with the charts about CME & CBOE its very true, and i agree and it is the reason why crypto is going down, still feel likes bitcoin can find bottom at $5200 in shortrun but for long term for sure i see it over $50000 by end of this year it is just a matter of some positive news like ETF ... lets hope for the best , will surly like to know your opinion on this buddy :)
@bitcoinexpertind for me brother i have always predicted my call at this year end which is $25000 and i am staying with it even with bear market :)
Bitcoin is still going up, I think!
I hope this is indication for next bull ride .
Too I hope)
@moneyguruu Totally agree with you sir. Future contracts one of the big reason. I also believe that the big whales and big firms want to cover most of the shares of bitcoin that's why they manipulating the market. Anyways hope this guys will stop manipulation and we see bull run soon. Hope for the best.
They want it and they will get it because we all always have lot of fear and insecurities in our mind which will allow them to concur this battle ..
@moneyguru sir can sub be 5$ our dbc to 1$ ??
your thoughts on ontology?
https://steemit.com/cryptocurrency/@lijo/ontology-about-to-flourish-in-crypto-market-will-go-live-soon
Why electronic currencies are influenced by news??
Because we behave like kids as soon as news is out in market . As soon as they say we will be having big partnership we start buying and as soon as they say we are no more doing any update we start selling so we follow news and because of which whales take advantage and we are the one who always bear the loss.
@ahmedcation.
It is hard to prove manipulation. For all you know, it could also simply be less buying power than selling power that continues to drive the price down. Speaking of manipulation could well be a trumped up 'inner reason' to justify a certain event.
People love simple explanations and mostly want to avoid unwanted truth.
I am not saying you are wrong but accepting the simple fact that in certain periods there are simoly more sellers than buyers keeps one's head clear. The markets go up, the markets go down, in endless cycles.
I consider it buying time. And if the price goes down another 50%, it will simply be even cheaper to buy.
The green candle that is developing today, may be a sign that a small rally is upcoming. Lets see how that pans out over the weekend.
My friend 80 % of bitcoin is mined now and none of people who are in loss are ready to sell bitcoin at loss .
And people who are holding it from years know its future well they don't want to sell either .
Only manipulation from these big whales and big guns are responsible for moment of bitcoin .
And for me before futures contract there was no issue in crypto market but now its been manipulated badly by these big guns .
@wekkel nothing agains your thought dear just sharing my opinion :)
what do you think about ontology?
https://steemit.com/cryptocurrency/@lijo/ontology-about-to-flourish-in-crypto-market-will-go-live-soon
Pls don't spam links dear ..
@moneyguru I think BTC has almost touched its extreme bottom level. Below this level, miner will get demotivated due to lack of profit. Institutional fund infusion in on its way . Expected the much awaited bullrun soon. Hope we can recover our losses very soon.
Before the Bitcoin price surge, miners were paying for electricity more than the value of the bitcoins they were mining. That didn't stop them from carrying on in hopes of Bitcoin spiking at some point.
Now they are paying from pocket to run those machines ! :P
If institutional investors get in our field then we could not even imagine where our bitcoin will reach :) Hopefully to the moon :) @cryptokuber
Yes btc ready to touch sky.....
what are your thoughts on ontology?
https://steemit.com/cryptocurrency/@lijo/ontology-about-to-flourish-in-crypto-market-will-go-live-soon
@lijo You will become spammer if you keep posting your link again and again and loss your reputation as well.
As said above as well stop spamming else your repo will become 0
It's sad to see how few groups can take away the beauty of cryptocurrency and put whole market in depression mode. Good post Sumit Bhai.
Powerful people always want to remain powerful thy always want to dominate and they are doing the same in here ..
@Moneyguruu they all are manipulating the market since the start of the year and I strongly believe this is the case why bitcoin is not rising !!
Sumit I have found a similar platform from where our community can also earn money, since that platform is new so better chance of earning. Have a look at it
https://steemit.com/steemit/@aqreal/gese-platform-following-the-footprint-of-steemit-platform
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And is ranking #4
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@moneyguruu sirji according to me how black money makes reach people richer and poor people poorer same way futures is making bigshots doing futures richer and new investors and after new investors see the drop they want to sell and run away leading in price fall more
I believe for bull run to come 2 things are must 1) gud news in bitcoin market so which will make new investors invest and also change their mentality about bitcoin ban and all stupid stuff etc and they will hold long term leading to consistant price rise
2)point 1 should happen
Now u guys might be wondering why u didn't include futures in 1 of the points the reason it as that point 1 is strong enough t destroy futures as their control will become lesser and lesser and probably vanish in a month after facing huge losses how much they earned in 6 months they will all lose that lol
Upvote if you think I'm correct if u think I'm not correct please do let me know in reply maybe your opinion can make me change my views a bit Thank You :)
your thoughts on ontology
https://steemit.com/cryptocurrency/@lijo/ontology-about-to-flourish-in-crypto-market-will-go-live-soon
You cant rely on past patterns
yes we cannot that is what i said people will see these patter and then will make habbit to short but in real time will come that only long will happen ..
@moneyguruu , As per my concern, cryptocurrencies market is heavily depend on news also. If you observe then you can clearly see that for last couple of weeks were full FUD news like India's RBI crypto bannn news, Mt.Gox btc sell out etc. So it create a panic sell situation. Also some whales manipulate market. But people are educating in crypto, once time will come when people will don't care about those FUD. What do u think??
I always say it is dependent on news,FUDs & FOMO but this futures contracts is 1 step ahead all this and it can be clearly seen from above charts as well ..
@moneyguruu,, what is this futures contacts actually??
@angeera1000 : A futures contract is a legal agreement to buy or sell a particular commodity or asst at a predetermined price at a specified time in the future. Futures contracts are standardized for quality and quantity to facilitate trading on a futures exchange.
Thanks for answering :)
@moneyguruu Many would think his/her question is silly.
But, we can only grow if we help others on our way..🙏🏼
@allinone7 FUD and news also play big part like from FUD and news we short traders comes in panic but these big exchangers contract really play big game .
100 % they do without a doubt but for me Futures is much more responsible !
what do you think about ontology
https://steemit.com/cryptocurrency/@lijo/ontology-about-to-flourish-in-crypto-market-will-go-live-soon
yes, i am agree with you,,
when bitcoin hike, many investors had bought on high price, they are waiting for increment of price and now whales are breaking their patience so that they sell their bitcoin at low price and people going to panic sell, whales are taking advantages of fear of new traders and those news.
they also watched the youtubers videos,,, i donot think , any youtuber prediction would be correct in last 6 month..
your thoughts on ontology?
https://steemit.com/cryptocurrency/@lijo/ontology-about-to-flourish-in-crypto-market-will-go-live-soon
Volume is also increased significantly. What I have observed that due to leverage and short selling market is impacted significant. Players with huge amount is buying a selling contract so that they will earn on both the future contract and in bitcoin.
yes leverage trading has brought lot of changes in market ..
@moneyguruu I think you are right because I have made some losses on these types of habitual trades created in our minds by whales.
That is why, Right now I am acting just as a viewer, what about you??
Simply take a leave from coinmarket cap and return after 4 months with pocket full of money :)
yes. sumit sir. you are right.
your thoughts on ontology?
https://steemit.com/cryptocurrency/@lijo/ontology-about-to-flourish-in-crypto-market-will-go-live-soon
Yes market is currently down...but I believe in this new revolutionary technology... I prefer long term hodling whatever may the matket situation is... Its not surpassing 10000 usd now but experts claimed it to reach 1 million usd.. So its very interesting to watch how this will happen...When institutional investors will step in we will see a huge spike in bitcoin and altcoin prices... thank you sumit kapoor...I always follow you my brother..you are making people aware of cryptocurrency and blockchain... I am always with you...keep posting...thank you
i also prefer in long term hodling @bibekchandra... 10000 usd is a very small target for bitcoi n to achieve...big investors yet to come and when it will happen we all will be wittnessed..thans for your comment...
NO doubt very soon we will see it touching again its ATH !
price does not matter too much in my opinion. the market volume as a whole should be healthy and the market cap should keep growing. if people start investing in other cryptos it will still increase market cap but not btc price.
yes mr sumit it will definitely touch ath untill this dcember...we all will wittness this ..crypto will make us rich but in the long run..thans sumit keep us motivated always...
Thank you submit kapoor for ur support
Vivek, believe that bitcoin price is going on very low prices in the current data but think When our government will solve the cryptocurrency problem and the problems of the outside countries will also be solved.Then you see how the cryptocycenes touch the sky and bibek I believe that if you make bitcoin too long for a long time, it will be very beneficial for us.....
@moneyguruu Sir What you say is absolutely right, but there is a reason behind bitcoin down, there are many reasons, such as China bitcoin band, India's situation is very bad, South Korea has a lot, there are many reasons behind bitcoin down, But we think, very soon we will see bitcoin again above 10000 dollars. but more than the reason Decision of CME, what do you think ??? For what bitcoin has come down so far ???
This is just game for big players they pass negative news get rates down and then buy at those rates and next day say sorry news was not given by correct sources and then again bitcoin rises . this is very simple game that big players are playing !
@Moneyguruu you are absolutely right. I have already said about this things in my post below
https://steemit.com/bitcoin/@alok25/bitcoin-ban-in-india-is-this-a-pre-planned-game-or-a-trap
You are right @moneyguruu sir, those big players at crypto market, they put the bad news down the market, and when the market is down they entry the market, after that, sell it up, sell it, big players, games, , But in these games, the smallest investor gets down, run away at the loss
Hi, My Dear Sir,
Thank You! So Much. For Sharing This Fact. Have A Nice Day.
Hi, My Dear Sir, Thank
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Fact. Have A Nice Day.
- shahin24
I'm a bot. I detect haiku.
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@moneyguruu would any country can control bitcoin?
No one can control it brother but whales are controlling it badly @mnidkyfc .
Its a decentralized currency so no country has power to control bitcoin @mnidkyfc
talking about manipulate ,a news come than china is doing so
China is mother for crypto so they always play there games
@moneyguruu If Bitcoin is decentralised Then HOW whales can manipulate this market. Please provide some info about this
easy answer, all are waiting for indipendence day. 4 July is coming.
@moneyguruu What happened in 2008 ? They wanted an instrument to short the housing market. Hence, they came up with something called as Credit Default Swaps (CDS). By bringing Bitcoin futures they just want to bet negative on Bitcoin. That's what is the problem with Big Institutions. Why do they do this ? Financial Industry is corrupt. Goldman Sachs, JP Morgan and companies like them just want power in their hands. 😡
Powerful people never want them to look like less powerful ! They always want to dominate!
@moneygurru bro, i'm just waiting your updates when will you explain what happening in the market. just in few hours bitcoin fall and few hours bitcoin rise. same happened in today morning when i open @coinmarketcap and i was surprise to see the total Market cap $234,009,962,854 which i seen in last night and then sudden in the morning its go to $256,966,962,684.. yes you are right market is already in bullish behavior. thanks for share info about bitcoin.
@moneyguruu
Even I feel that the market is being highly manipulated by them, but everything has a way. Soon Bitcoin will also find a way to the top without even giving a hint to anyone.
Things don't always go according to what we think, if that happened no one would lose. Thus this is the part of it..
For me they will 100% follow the plan i shared above rest only time can tell ..
hey sumit kapur,
Very useful infnormation and first hand too.
But my question is that till how long this situation will prevail. Any guess on that? And what about that mgsc tag dear? no one is following that.
Thanks
People need to be spoon feeded again and again .. When they know its there earning and no one else then also they don't follow rules .
About situation to prevail no one has answer for it but one big news like ETF can get it back on track of bull run !
Focus should be more on Blockchain tech application to simplify and enhance business models.the hype on Bitcoin price or trading should not take the front seat.since Bitcoin last bull run to 20k,the market is yet to recover with more and more traders losing funds.CBOE did say it will tame Bitcoin sometimes in Nov 2017 https://www.coindesk.com/cme-groups-leo-melamed-well-tame-bitcoin/
That's exactly what we are seeing.so I quite agree with you
Dec 2017 is when Bitcoin futures was launched and it is the biggest game changer in term of bitcoin movements nowadays .
But yes as you said price should not be the criteria to rank it ahead but most of people and investors just came in for quick profit which makes it looks dirty sometime as no one focus or talk about technology but its price ..
Sir bitcoin ka rate kab badhega ?
Read article you will get lot of info about it .
They are just making us habitual that it will never increase but once it start to increase it will have only one option that is uptrend !
Thanks for clarification in such simple way as we the almost layman also can understand the reason for this strange nature of the market
Upvoted your Excellent post , hope you will also Upvote my posts and comment on them. I am following you .
moneyguruu, the only option is Hold Hold Hold.......
I know bitcoin is not there to downtrend as king never live downside :)
Summit Kapoor, I have very happy for your reply , I m from Pakistan, After few month Ur one vote will give huge profit for others , Thanks Dear
We are holding yet parnick is in tge air,fear of loss is awesome tool .when bull run is the comment on every social media crypto related platform.when listing is the comment on evry ico related platform.even i am getting afraid ,all investments that should have some returns have delayed till date.
@moneyguruu sir intresting post and you known why bitcoin is not reaching $10000 you have all knowledge of bitcoin and other cryptocurrency you r the master of crypto world
@moneyguruu nice post bull run might Start after 15th July according to my technical analysis
I hope it really does . If it doesn't then also nothing is there to be worried for sooner or later it has to come .
followed, upvoted and commented
please do the same for me.
Thanks
I did for you but this way you will never be able to grow dear start posting something with quality !
Thank you sir...
I am trying to make my posts interesting.
I am posting 2-3 posts everyday.
Hello all mgsc group members
Please follow me i will follow back instantly. also upvote return as you upvote me
@moneyguruu I think future trading should be removed. and bitmex also. hope bulls are coming
@moneyguruu Even I really believe that futures are the real cause of the BTC dump. I have been believing it for a long time. In addition to that, I think that its very difficult for BTC now to touch its ATH.
Legit points mate keep up the good work:-)
Totally agree with you @moneyguruu. You told us same about 4 month ago...
what will be increse bitcoin price coming soon..?
@moneyguruu Staying long in market is a good thing but some time you need to take out your profit or your profit gets converted into loos when market falls and u have no option but to stay invested.
that is why i always say take out profit partially all time ..
nice
good work
@moneyguruu What do you think when will the bull run come ?
@moneyguruu im agree with all people who say btc come back soon... nice blog @moneyguruu...
plz follow me and upvote me...
Is bullrun come in July aug or November December?
bitcoin will grow up soon and when ever bitcoin starts grow so no one can stop them and it will go more then 10000$
100% no one can stop it ..