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RE: Bitcoin Futures LAUNCHED Boosts Prices / ViaBTC New BCH Based Exchange / Lightning Network Milestone
So what effect would missing out on 24/7 and weekend moves in the price action in BTC have on future markets? Would they be able to keep up or because the contract has a locked in price for a set time it doesn't matter?
People are worried that big money is looking to game the future market to tank BTC similar to the gold and silver markets by suppressing it's value. I am hoping that because we trade 24/7, 7 days a week that traditional markets can't keep up. We already know they don't care about being caught, they just keep paying the fines. So what are your thoughts on this?
That is actually a very good question, and is not something I had considered. If the futures markets close over the weekend I think that's absolutely insane because there will have to be a sudden adjustment on Monday morning to correct for whatever happened over the weekend. The weekend moves could be significant.
Ok, the futures are selling at 8% premium and there where a lot of people that already sold their short position early due to raising prices. So it looks good! Seems, for now, it will be harder then they thought!