Earlier this week ahead of the futures launch of their Bitcoin derivative, I moved the majority of my Bitcoin holdings to Litecoin to spectacular results.
Not looking to get back into Bitcoin until I see something that indicates a big move. Until then there are some growth opportunities setting up in other coins. With that said I have put price targets in place to the downside which should be hit fairly soon.
To say I dont trust the Bitcoin Futures market is a big understatement. Gold & Silver are being gamed and manipulated by naked short contracts where no way on earth the precious metal can be delivered. I see the same for Bitcoin where they will settle in cash....not a Bitcoin in sight.
There will be plenty of strategies to continue making profit all the same though.
