Never thought about shorting and then dumping. I guess if you have a large
enough position on anything that could work. I wonder if there are laws
against doing it in the stock market?
From: Travis Johnson
Sent: Saturday, December 09, 2017 8:51 AM
To: af@afmug.com
Subject: Re: [AFMUG] OT: BTC futures
Do you really think the "average" person that is buying into BTC right now
knows any of that information? Bitcoin has been on the financial news channels
every single day this week... and it will be again Monday because of the
futures trading.
The only thing driving the price up is demand... so the more news, the more
it's talked about, the higher the price will go. LOL
Travis
On 12/8/2017 12:06 PM, Carl Peterson wrote:
Futures trading could just as easily drive the price down. If Im sitting on
a 100k coin and I want to sell half of it, I short BTC to hedge against the
price dropping and then sell a bunch (which will cause the price to drop). I
fully expect this to happen.
On Fri, Dec 8, 2017 at 1:27 PM, Travis Johnson <t...@ida.net> wrote:
Hey.... BTC is back "down" to $15k today... and the futures options start
trading on Sunday, which I think will drive the price up substantially this
coming week... now may be a good time to get in.
Travis
--
Carl Peterson
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