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RE: Futures contract and general Review of the Crypto Market

in #bitcoin7 years ago

On the futures subject, i don't believe that we already have a "tail wagging the dog" situation as lets say Gold futures influence the Gold price, the trading volume is just not there compares to the underlying asset (btc) but what we might have is a sens of appeal to authority , small mostly newbish investors believe that "wall street knows better" and give to much weight to the price action of the futures, but even then we pay close attention to the futures on a discord server i am a part off, and it mostly seem that the futures follow the market's price and not the other way around.

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On January 17 the fall just ended when the future contract was over, I don't believe in coincidence.
I'd love to hear more about the server at Discord I'll talk to you there.
fall.png

Yea, i see what you mean, but correlation does not automatically become causation.