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RE: Bitcoin Futures is the Next Phase of Attack Against Cryptos

in #bitcoin7 years ago

In my view, bitcoin is getting too much attention that eventually it will be a victim of its own success. Perhaps altcoins might stand a better chance because they are numerous and fly lower under the radar?

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In effect that's what I'm alluding to at the end of the article. The central bankers see Bitcoin as the fulcrum for control. But will that work? For a short time yes, but the market should adapt to it and shift away from the manipulated market for the unmanipulated ones.

The truth is that $180 billion is not a lot of money compared to the trillions in the forex markets that move daily... of course, a lot of those assets are deflating while cryptos are inflating in price, so we'll see how things shake out.