As usual, I love all of your posts but doesn't it stand to reason that now that the futures are open for BTC that they can control the price? It looked like the bet on 1 bitcoin was $6 on the CME with a minimum bet of 5 bitcoin. If the (not that this is an if) banks want the price to move down, they just short as many as they need. After all, they are just printing the money they bet with. Actually, just keying a few things on their computer. All the charts in the World are not going to help predict what the bankers are going to do with bitcoin, gold and silver. Those of us that hold those three things suffer once the CME get's hold.
FROM THE CME WEBSITE:
Contract Unit
5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)
Minimum Price Fluctuation
Outright: $5.00 per bitcoin = $25.00 per contract
Calendar Spread: $1.00 per bitcoin = $5.00 per contract
On a lighter note... Looks like the DBacks and Yanks are looking up. Maybe a 2001 rematch?????? Maybe put a few STEEM on it?
A huge concern! You bet it can and probably is manipulated. Could not agree more with all you write...And yes, would be great a Yankee-D-back series! Apprec, you here!