CME and CBOE Futures controlling bitcoin? Since the last weeks bloodbath and the CME futures contract expired at the same time, there might be some validity to the rumor.
I was watching Clif High on YouTube, he made a statement that Bitcoin futures games won't work, but it seems they might have. To be fair, Clif High’s data showed a dip in bitcoin in his report last month very close to the day of bitcoin falling.
So, is this the Banks controlling a supposed decentralized currency like Bitcoin? Bitcoin started off as decentralized but now it has come more centralized in nature. These futures groups are shorting bitcoin for big gains and then like clockwork grab at the lowest price they can. Is this a circle jerk Ponzi scheme they are perpetrating on bitcoin traders?
Some groups are now trying to anticipate the CME and CBOE future contracts and trade on those movements. One bitcoin trader commented, “Thank you, CME. I love being able to buy Bitcoin on the cheap.” Would this be a strategy that we should be playing? Get into the warm waters of bitcoin and swim with the whales? Can we even stay alive?
Here is the bitcoin chart from the start of the CME Group on December 17 according to TF Metals Reports tweeted on January 16, 2018.
Here is the chart before the CME futures.
Here is the bitcoin chart for the last month.
Is there a way to capitalize on how the CME futures trades and follow those trades, or do we get swallowed up in the big wave of extreme dips of bitcoin?
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