After telling us for years that naked shorting of gold on the COMEX is the reason why gold will never rally again, I fail to understand how the Bitcoin people are enthusiastic about their asset class getting the same kind of "tough love".
Mega whales who trade the futures will be in charge of the Bitcoin price starting next week.
Watch for them to suck in even more cash buyers while they build a short position in the futures before they let the hammer drop on the cash.
Easy money for a group of Mega Whales in a fledgling market.
Its going to be a disaster of epic proportions!
What happens when the markets takes a turn and all of a sudden all those long-only clients hit the 'sell my bitcoins and give me fiat' buttons on their trading platforms?! Its going to be fucking epic! Truly, it is! So much so, i'm buying a couple of corn futures because the popcorn that'll be consumed during this catastrophic collapse will be fucking glorious in its scale!
I'm really concerned at the stark absense of the 'tail wagging the dog' reactions in relation to this pending futures market.
Oh no! make no mistake, this fucking tail is going to wag the ever-loving balls off this dog my friends!
hiveblocks