Friday, November 17, 2017

Swiss bank to launch bitcoin futures to allow betting against cryptocurrency

In the be careful what you wish for category, Bitcoin enthusiasts have been cheering the fact that the cryptocurrency is now traded in futures exchanges, inviting institutional investors. The problem is these said institutions are the biggest price manipulators, and they will surely do so in such a small market cap space. Expect even more volatility and many being wiped out for being on the wrong side of the manipulation.

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