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/biz/ - Business & Finance


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8337287 No.8337287 [Reply] [Original]

Hi biz, I'm a brainlet. Does anyone here know anything about Bitcoin Futures? I've heard of some rumors that BTC is being heavily manipulated by Wallstreet on Bitcoin Futures. But I've also heard people saying that the volume of Bitcoin futures trading is too low to have that big of an impact.

Can anyone clear this up and explain to me why Futures is/is not affecting the price? And why in particular they are crashing the price right now?

>> No.8337308

>>8337287
no you stupid fuck
American bitcoin merchants like coinbase and poloniex use futures to hedge against losses from bitcoin falling

>> No.8337387

bump

>> No.8337615

>>8337387
Bump I'd like to know as well

>> No.8337680

>>8337308
or they use futures as an easy way to make money by leveraging a cash settled short position and then dumping coins on the market.