RE: CME Futures and Dealing With Volatility
Dear @reverseacid
Thank you for sharing this link with me buddy. Nice follow up to your previous publication.
I remember, there was a lot of talks about "futures" at the beginning of 2018 and I was full of hopes and dreams around that time.
I never heard about futures before and from my understanding it is a tool that allows us to bet on price of major assets in the specified future. Am I right?
It is widely believed that this is what caused such a rapid burst of the bubble that Bitcoin was in.
Indeed. I've heard many reasons that pointed out beginning of 2018 crash towards futures, as big players seem to "bet via futures" that around that time price of BTC will be at very low levels. And if market makers want to crash such a small market, then naturally nothing can stop them. Especially within market which is fully unregulated and doesnt give any sort of protection to investors.
Great read buddy,
Piotr
Basically yes
A future helps us take a position to bet on where an assets price will be in the future.
Market makers control crypto more than any other asset class as it is so small and hence easy to control. You hit the nail on the head.
Thanks for the great comment and your neverending support @crypto.piotr
People like you motivate us to get better and keep moving forward
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