Other Coins - Price & Trading topic

[Sotros25]

Back in December, I said I thought people might very well short BTC. Who knows. We might yet see an about-face on BTC price. Still, my hope was that people would wisely take BTC profit and shift to alts/tokens

@Sotros25

This impending dynamic is precisely what I’ve warned close friends and family about. I am not particularly bullish on BTC in the short term post 12/18 because the large institutions that are entering to take advantage of futures are highly incentivized to crash the market. Just think: they can depress prices and make profit while scaring weak hands to convert back to fiat and likely run for the “safety” of the banks these institutions control. It’s a win-win situation for the institutions. My hope is that enough wise people will shift their portfolios towards the alts.

@Sotros25

I think that–particularly since the futures contracts will be settled in cash–this current spike in BTC price as it relates to futures trading on CME/CBOE doesn’t make any sense. The institutions that are now given legalized/regulated access to Bitcoin cannot (publicly) and will not ever need to hold a single Bitcoin to bet on the future price. Therefore, if it were me, I would sell some amount of BTC on 12/18, take the profits and funnel them into alt coins. My two cents.