Well before I get started let me clear the air, I am not a professional. This is not finacial advise!
What in the hell is going on with bitcoin? Now I know first hand how price Manipulation feels and this feels just like that. Bitcoin futures started tradeing thanks to CME, it futures are listed under XBT.
In less than a week (since bitcoin futures started) Bitcoin has seen a 30% drop in price. Now Bitcoin has experienced some pull backs before but Nothing to this size and usually has a day or 2 recovery and then shoots back up, well thats not the case this time.
Is Wall Street in control now?
I know thats a heavy question but is this the case? Is bitcoin no longer a free market? If you look at the bitcoin futures (XBT) everything is bidding down, and the price is going down as well. Look my friends, the precious metals have experienced price manipulation first hand. We know it is real and we also know that it is unstoppable.
So my question to everyone is this, is it time to get out of Bitcoin? Or is it time to buy? Now before you answer those question, let me first say that I don't believe that we have seen the bottom of bitcoin yet. I believe that Wall Street will get the price down and then make a killing off of it and leave the average person at a loss.
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