/biz/ - Business & Finance

>>6600693
>1 hour until the futures are settled.

I'm a brainlet, does anybody care to explain what this means? Thanks.

>>6600970

You're not going to make it, anon.

>>6600693
Explain it chabudds

>>6601050
So listen m8.

You got some guys who buys some cheap futures for 11k yeah? So then they crash the price down to 11kand settle the futures isnit m8.

>>6600998

I don't need to make anything, I'm just in crypto for memes and fun. No crash can take those away from me.

>>6600970
>>6601050
big money has been shorting btc for the past month
that means ((((they)))) want the price to go down

shorting: you promise to buy the asset at a later date meaning you want the price to gown down so you can buy it for cheap

>>6600970
The hypothesis is that wall st whales created a short position last month and purposefully dumped all of their BTC recently. On a futures contract if you short it you’re basically betting the price of the underlying asset (BTC) will be worth less in the future than the current time the contract is open. If it is less, you basically get the difference between what the price was and what it is now as profit. So they sell 10K BTC at $15k and since they sold so much it triggers a huge market crash, but they also profited on the sale, then they also get the profits from the contract on top of it. After the contracts are settled it’s speculated they would start accumulating heavily again which would drive the price back up, then do it all over again

It’s just whale market manipulation in an unregulated maket. Fuckers are going to make a killing.

>>6601204
Yes but how do they push the price down to short successfully without the risk of it going higher and cancelling their short

What exchange allows them to cash out just like that

>>6600693
>1 hour until the futures are settled.
where do you get your 1 hour from?

>>6600693
You expecting big green dildo's? And if so, will they do it again on 14 feb?

>>6601204
They settle it all in usd, no one really buys a shit. Just fucked the price up for settlement date.

>>6601050
Maybe he's talking about Brit futures. US ones don't wrap up for another few hours.
There's an hourlong break between 5 and 6pm EST ("settling"), after that, the new day's session starts.

>>6601281
>Sell 10k Btc at $15k
I don't see who bought that much and when did they buy so much of it themselves.

Is this do with technical futures fuckery

Where are the futures markets and exchanges??

Nice, i can make an easy 5k for a savannah cat.

>>6600693

Should I go into BTC once the elite finish dumping this? I got an extra 5 BTC from this crash

>>6601281
>>6601204

Thanks for the explanation. That makes sense, but haven't there always been huge whales out there who hold a massive chunk of the overall BTC? If this works so effectively wouldn't we see this kind of thing a lot more frequently since whales would constantly be tempted to make money from shorting and then dumping?

>>6601362
Wall st bro. They got a lot of money. To buy 10k BTC @ $10k USD would take $100mil. That’s chump change for hedge funds on Wall St.

>>6601284
They have 1000s of btc to drop. Unless someone gas $500,000,000 on an exchange to buy it up (they don't), the price free falls.

>>6601362
Learn english?

Next set of futures going to really fuck our shit up. If they value it low people will loose thier shit, if they value it high it'll get shorted and dumped to oblivion a few days before the next contracts are up. No winning for Alts. You can of course join the Jew at his own game though.

>>6601499
>phoneposting

>>6601524
Im a bong faggot

>>6601470
Because the futures contracts weren't trading on Wall St previously, just little exchanges doing their own thing.

>>6601340
>being this retarded

>>6601470
Yes and no. Taking out a short position like that requires a ton of collateral and the ability to “float” that contract for a certain period of time. You need a lot of money in order to do that. BTC whales up until recently were most likely only BTC rich so they couldn’t play in big league futures markets because that requires USD, licenses, etc. There are smaller crypto futures markets but something on this scale really requires more than to just be “crypto rich” but BTC whales can manipulate the market and have absolutely done so in the past, just on a small scale

CHARLIE LEE KNEWWWWW
HE COULD HAVE SAVED US IF WE LISTENEDDDDDDD
WHY DIDN'T WE LISTENNNNNNN

>>6601470
>>6601568
Oh and just like this Anon said, Wall st futures have only really been active for a month

>>6601470
How often would you need to do it? BTC reached 10K not that long ago. The coolest part is they can do it again whenever they want.

>>6601622
Where are these futures markets??

>>6601656
His brother works for one of the big exchanges and charlie worked at coinbase so he obviously has good contacts(insider trading)

>>6601710
CME and CBOE (google them) are the ones active right now. I think they’re both in Chicago which is where most futures markets are

>>6601710
CME runs one, and CBOE another.
Both out of Chicago, I think.

>>6601301
Stocks close at 4pm est.

>>6601568
>>6601622

Thank guys. I'm a little less uninformed now thanks to your posts. But if all of that is true doesn't that mean that the entire crypto market can basically be bullied by wall street indefinitely?

That sounds like a major problem going forward. Who wants to put their money into something when the possibility of getting your shit pushed in by big money just lurks behind every corner?

>>6601928
So it will basically never end, until a plain crashes in CME AND CBOE?

>>6601980
Then fucking short btc before the settlement date.

>>6600693

They will push the price to make more money next month. BTC is pretty comfy if you look at it this way.

>>6601980
It can, as long as you don't HODL. The panic sell is how they make their profit, if they are the only ones selling, they are just washing their own money and even risk a loss.

So now that futures exist and big banks can manipulate whatever they want, it's over for /biz/??

>>6601980

>tfw no more 1000x gains in alts because of BTC whales

JUST

I'm fucking tired of these jews, when is someone going to gas them again?

>>6602025

Or bitcoin is decoupled from alts finally and the kikes can play with their shitcoin

Is there any good material to read up on about risk, shorts and futures contracts to better understand how they are manipulating BTC technically/mathematically/logically?

>>6602187

I think it's pretty much over unless you hold ETH or BTC. Seems like alts will get their shit kicked in for awhile until one can become established enough. That's the only way plebs like us will be able to even stand a chance. Hence why I put 50% of my portfolio in ICX and NEM in the hopes that Japan/Korea will step up to the plate.

What about upcoming futures? Do we have dates or other details?

>>6602283
yes

>>6601980
Another Anon mentioned it but as long as you hodl, you’re fine. In reality you can benefit from what they’re doing because you can buy up shit for cheap when the market dumps. It may scare some people off in the short term but if BTC stops being a major trading pair, it won’t affect the market as much. Hopefully that happens soon

>>6602346
Go on...

>>6602220
That's what I would hope is the result of all this. The Wall St kikes battling the CIA Core kikes until death and alts win the game.

>>6602283
Google "put" and "call" options, that's all you really need to understand the fundamentals of futures markets.

>>6601281
So there's no saying whether the price with go up or down?

>>6601388
Chicago Board of Exchange

>>6600693
Fucking jews ruining everything again, why the fuck don't they dissapear already?
Earth is a white man planet, everyone else needs to die.

>>6601980
It means we're in the real world now. Good and bad.

Worth to switch all my altcoins into BTC incase something happens?

>>6601442
looks cool, anon, but i'm sure they are SUPER high maintenance. also, do you have to feed it raw meat daily?

>>6601656
Damn yeah Charlie was right

People don't realise how easily manipulated this market is. Bitcoin whales usually work at these top exchanges btw just think of Coinbase or Kraken or Gemini.

Remember the Winkelvoss Twins are the ULTIMATE bitcoin whales themselves.... and they are now doing business with wall street. Seriously goyim.

>>6602503
In the short run, no. In the long run, if you believe in crypto, and I think most people on this board do, it will go up with dips like this occurring along the way. That’s why its always safer to hodl instead of timing the market on a daily, weekly, monthly, etc. basis. If you know it’s going up, who cares if it drops for a couple of days?

The futures are all settled in USD. It has literally no effect on the BTC market any more so than your 5k bet on the superbowl determines what team wins.

>>6602771
academics please respond

CBOE settles today, CME futures settle on the 26th of January.

People were having a hard time selling futures contracts (evidence: low volume) so they discounted the contract price as it compares to coin price. Every 3rd Thursday contracts expire. So you can expect the difference between contract price and coin price to meet. In other words this should be no shock as futures markets pointed to this crash for weeks.

>>6602771
If a whale dumps their BTC before the contract settles, then yes it does. That’s most likely what’s going on here

>>6602692
True that, except lots of people thought that this was THE crash and i was going to take years to recover

can't we rally together and push prices in the opposite direction and beat (((them)))?

>>6602870
/biz/ has about $1000 combined, so no.

>>6602771
It does have an effect if people are selling BTC to make their futures more profitable (food poisoning the football players to influence their bet)

>>6602325
If you really don't know this you need to learn more before you buy more. Wow

>>6602866
It could be. I have my doubts, though. There’s so much hype around crypto right now and so many major companies trying to get into blockchain that it makes me think if we’re going in to a bear market it would be a relatively short one

>>6602870
Lol. Do you think this is spartacus or something?

>>6602870
Please look at the history of market crashes in the past. Look at orange futures most recently. Basically, no.

>>6602771
Not really. Its more like betting against team 1 in the Superbowl, and then buying a percentage of team 1's ownership and getting them to lose the big game. Then selling ownership immediately before they lose that game. You win the bet and get your money back.

>>6601857
Other countries' futures markets will come online with different settlement times. They'll start fighting like with oil and it'll take more than one group of fags to price fix. The fags hate each other so we'll be free for awhile.

>>6602898
>>6603006
>>6603039
Come on guys. Lets think big. We got Trump in the white house, I'm sure we can do something about this.

>>6603097
You would have to convince literally every weak handed panic seller to not give in and then create a $100mil+ buy wall on top of it. /biz/ can’t do shit

I told this to another Anon in the thread but see this as an opportunity. Wall st is giving you the chance to buy up your favorite coins at 50-60% off. As long as you hodl, Wall st just made you some money

>>6602870
/biz can't count to 10 prove me wrong.

1

>>6603355
B

>>6603379
benis

>>6603097
Uh, no. I own 4 cents worth of Bitcoin that was given to me for setting up a wallet. Everyone complaining about futures manipulation is looking at the wrong people this is on the counter owners that have the largest positions. They would sell you the right to buy their coins at X price to hedge against lower future prices. No one is buying, or they are buying at 10k. The battle has been fought already 'cause the guys doing the hedging didn't have to sell anyone the right to their coins at any price but accepted prices well below 16k (let alone 20k)

>>6603287
This is a much better attitude to have if you actually like Bitcoin prospects.

>>6602371
Can’t wait for Fairx.

>>6602692

It's like the long hold retirement strategy... Something I advise young people to do with stocks given that since the late 1800s, a large percentage of total stock gains occurred on MONSTER daily runs.

Timing it would be ideal, but very few people can do it, if any

By volume is so low. Just 50 bux/wk by 5000 people will pump btc to ridiculous highs. Maybe a discount group or something.

>>6602692
If this was /g/ I would agree, but a lot have joined with the idea of converting it back to Fiat. It's something to sell for them they don't see it as a tool.

>>6603561
Btc volume

>>6602842
thank you anon for this great insight.
Do you have maybe any ideas how to infer the price movement of btc from the contract price?

>>6601281
Is this illegal, and what's this process called?

>>6603406
10 :D

>>6603475
It’s not just BTC though, it’s the whole market. I like most people don’t like how BTC affects the market so much but at the same time it provides for awesome buying opportunities like this. But again, if you believe in crypto, you can’t lose with hodl

>>6602870
No, because the 1% meme is real.

WHEN DO I BUY BACK IN

>>6601281
And even more on the long

>>6603672
It's not illegal because this is the Wild West still.
Regulations will come, but with it there will be less gains as well. It will become like the stock market, essentially.

>>6603672
It is not illegal to control/ try to control unregulated currency. This was a huge risk with Bitcoin once you realize largest holders controlled more than 5%.

It's happening.

>>6603561
#3 is top tier

>>6601281
its essentially a massive pump and dump

>>6603727
A week before Asian new year

>>6603522
Definitely. One of the craziest things I realized when I first learned about investments was that anything on the S&P500 would have given you roughly 8% annual returns if you held it for the long run even factoring in the great deperession. If hodling works for Warren Buffet, it works for me

>>6603573
True, and in the long run I would like to also. But with crypto we’re discovering so many more use cases for the underlying technology other than currency so I still think it’s a good long term investment.

>>6603672
Nope. Crypto is unregulated. On the NYSE? Absofuckinglutely. Not sure if there’s a name for it specifically besides falling under the general category of “market manipulation”.

>>6603561
where can I find porno with girls who look like this?

>>6603687

the worst has to be Monero. Monero is probably the most stable crypto, but it's BTC tie causes its "USD" to fluctuate like crazy. ETH and XMR should really go UP when BTC falls, not follow it

>>6603778
No they won't nigger. They're gonna keep it unregulated on purpose to keep the normies away. People greatly overestimate the number of investors actually making it in crypto.

>market manipulation
>>sir we investigated ourselves and found we did no wrong doing

>>6603916
not on /biz/ for sure

>>6601281
why dont whales do the opposite and buy up all their bitcoins whilw going long?

>>6603985
Whales are in the manipulating. They make more money than having btc sitting in a cold wallet. Chinese miners hedge their position also. If you’re all in btc, you could lose everything if btc falls. So you want to hedge your position and make some money if btc falls with futures esp if you think btc is priced too high

>>6603921
Yeah XMR does get fucked. But even some of the other top 25 that don’t necessarily have a vast majority of volume through the BTC trading pair still get fucked because the other pairs (ETH, DOGE, etc.) do have major trading pairs with BTC, so no matter what, BTC pretty much will assfuck the market every time. One day in my dreams that may not happen...

>>6603985
They can do both.
>have a very bullish market and buy in cheap
>open short position and dump your BTC position after a month which ranks the market
>buy back cheap and open a long position
>repeat

>>6600693
On what exchange exactly?
Contractst that I know of settle on the 29th.

>>6604098
when you take a bet, you bet against others.
if the game is open to manipulation, both sides can manipulate

>>6603916
Julia, Hasumi Kurea, Anri Okita, and I don't remember the name of the one on the right.

>>6603856
#4 is better. Big but not oversized breasts, just perfect.

>>6604197
It is so obvious now but btc hit ath when they opened.. Why wouldn't the whales short it?!

>>6602220
This would be best, all my alt shit coins would moon while wall st plays with their BTC manipulation sandbox

>>6604335
It's so obvious also that we always had a crash in January, before normies futures.

>>6604262
Whoops, that's not Julia. I forgot her name too.

>>6603097
>he thinks Trump is on the people's side

>>6604304
You know what, you're right. I was hyperfocused on #3 and could not see beyond that.

>>6603097
You got the Trump meme into office, but you didn't get his electoral promises, because of Wall Street. An anime imageboard just can't fight against Manhattan.

>>6604304
>>6604988
No way.
#3 speaks english with a ridiculously sexy British accent. Hong Kong, I think.

>>6603561
4>3>2>1

Tomorrow is petroyuan day

>>6603097
Nothing short of Operation Mayhem will fix it.

2 minutes.

>>6600693
WE GOT JEWED

>>6606070
What happened? Any info about the futures?

>>6606120
THEY DID IT

>>6606158

>>6605551
>>6605399
Hitomi is the only jap worth fapping to

>>6606120
Notice how everything started recovering 17 minutes ago, right when the futures contracts expired.

>>6604197
cboe

>>6606158
>>6606406
>>6606757

WOW

I REALLY FUCKING WISH THE HOLOCAUST HAPPENED

THOSE FUCKING BABYCOCKBITERS WERE THE CULPRITS

GAS THE KIKESSSSSSSSSS FUCKKKKKKKKKKKKKKKKKKKKK

TRUE BTC WHALES ARE BASED
THEY HATE WALLSTREET

>>6606757
Bro can you release an article explaining what the fuck is going on?

>>6606757
to be honest market started to recovering when another 100m usdt got printed, but lets look how the markets goes in the next couple of hours

>>6606757
Positions get liquidated it's perfectly normal and further explains the open interest on the short side.
This leads me to believe that this is just a dead cat bounce.

>>6606757
Anons you need to read and fucking save this sentence

>>6606968
This thread does a great job
https://www.reddit.com/r/CryptoCurrency/comments/7r2yyz/the_biggest_heist_possibly_ever_is_happening_now/

>>6607184
LITERALLY THE ONLY R/CRYPTOCURRENCY THREAD EVER THAT WAS USEFUL AND I KNOW CAPS LOCK IS ON BUT I WANTE DTO KEEP TYPING ANYWAY.

>>6606968
Futures contract have and expiry date.
Today is that expiry date on CBOE apparently.
If they opened a short positions (which most did) they have to BUY the same amount of contracts to settle the short position, this is why it's mooning again, but don't be fooled this is not a definitive moon mission, see >>6607098

>>6607295
>https://www.reddit.com/r/CryptoCurrency/comments/7r2yyz/the_biggest_heist_possibly_ever_is_happening_now/
So I shouldn't sell and go all in on BTC rn

>>6607098
the dip after this would be beyond what is historically normal though. if that does happen i wouldn't expect to happen by much.

↑1k due to shorts
man, wallstreet must be swimming in pussy right now

>>6602170
This. Eventually people will get smart or get out. As long as the fucking ZOG doesn’t pass laws to regulate shit like they have done in the past.

In this bear market, the only people making money are the members of this group. Join now,

https://discord dot gg/6ddqFHd

Ok since you guys seem to be on point. What will happen after this last contract in 7 days? Another dump?

WAIT THERE IS ANOTHER FUTURE? WHEN THE FUCK DOES THAT ONE SETTLE? ANYONE GOT A LINK?

>>6607638

The other contract is harder to manipulate - it's based on aggregate of exchanges.

Today's kike-contract was based on the (((Winklevoss))) twins Gemini auction spot price

Will there be a dump every expiry? Or I suppose they could manipulate it the other way too if they bet that direction.

And when options become widespread what the fuck will happen? I know some billionaire will buy way out of the money options and move the price so hard that he can start another spacex.

>>6607802
So BTC had to be worth less than X today @ 4pm and Wall st gets a huge payout?

>>6607638
The next contract is a long not a short. So the Jews need BTC to be above a certain price to get their payout, not below it. That means we are staying in the green for awhile

>>6607994
>The next contract is a long not a short
do you understand what a future is you fucking brainlet

>>6607802
so your thoughts if there will be a crash on the other settlement date?

>>6607863
Been trading futures for a long time. No. What you're reading above is 95% junk.

>>6608070
I mean I thought I did?>>6607883

I was looking for ideas and clarification.

>>6608134
soooo no Wall st manipulation?

might be two groups manipulating based on the two diff futures. im thinking of it like this. ride the waves with em - now its bottom wave and hitting resistance. it would be easier for them to go long now, and push it back up, rather than shorting again and seeing if they can push down further. ie more room for upside tight now. ie im buying the shit out of this

>>6608134
Is it? We know the markets are easily manipulated. If some big players want it to move in a certain direction, they can do it.

>>6608134

Futures in the kike market? This is crypto faggot. It's the Wild West.

>>6608216
I read that futures volume is to low for what youre saying.

>>6608204
What people call "manipulation" is most often times just resetting of the clock - no bad intent. That being said, there's definitely manipulation. But not as widespread as most people (retail) think.

>>6608288
Can you purchase futures through dark pools?

>>6608216
Little guys like to think they get screwed all the time by big guys, which is why they get screwed all the time. Self-fulfilling prophecy.

OFF Topic but I think i missed the floor on VEN :( .

>>6608134
>I'm a Wall St futures trader
>I swear it wasn't us

Okay

>>6608257
You're going places. I can tell.

Where can we get the listing of the deadlines of the futures anons?

>>6608662
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html

But you're wasting your time. This thread vs. what actually will happen is in such fairy tale land its insane

But what if Satoshi moved his coins?

>>6608134
Fuck off dipshit, price pegging is absolutely real and $AMD was a classic example of it being pegged. There was no excuse for it to hover EXACTLY at $10 for the better part of three weeks.

>>6608770
whats your take on this anon?

>>6608441
Dark pools in futures = block clear mechanisms. Basically nothing material. In equities its a different story.

>>6603561
these girls are hot without this ridiculous photoshop.

>>6608893
You didnt understand what I wrote. But you're an angry fuck on raw emotion so there's no point in rationalizing with you - open mouth please

>>6602636
No, its a cat, 50% serval. And they re as much maintenance as a dog lol

>>6608445
>>6608472
Right now the crypto market is small enough to be manipulated. However, once it goes x10 this year (and I believe it will) volume will be too large for Wall st to mess with it. Right now they can have their fun, but in the future they'll just be more fish in a huge global pool.

>>6609602
Unfortunately it boils down to distribution of wealth (as a %) as usual. I'm not going to pretend I know who holds the keys in this market but the early adopters could accumulate $100mm worth of BTC or anything else faster than even a Wall Streeter could at these current prices. The top 100 BTC wallets control 32% of the entire ecosystem. Not much changed in that respect. The more institutional the market gets, the more you'll see that cash flow over to Wall Street. The #2 wallet is Bitfinex - Wall St. version of crypto. That's a lot of power and a lot of money, and that's only 1 firm.

In this scenario you guys described, there is one person betting the price will be below a certain point, and another party in the contract betting the opposite correct?
How would you know which of the jews would win?

We just got played by the Wall Street and once again the masses are the puppet to the 1%