With the opening of the futures market and with the recent bitcoin pull back, there has been much discusstion on bitcoin being captured by the bankers.
This sort of capture has been painfully obvious in the gold and silver markets. This manipulation is done via futures contracts and now we have futures on bitcoin!
First, Bitfinex already had futures and options before this but never mind. At least on the GLD and SLV manipulated markets there is the semblence of real deliveries (guessing bitfinex is real and has deliveries). The new bitcoin futures doesn't even pretend it's delivering...it's all bogus.
So does this mean bitcoin is still free? Freedom is about patriots that don't cower to rich and powerfull and follow an idea.
Will bitcoin smash the futures market and break free ot stay free? Well, we still have a few people that own a whole lot of the bitcoin. Even the FBI has a bunch stollen Silk Road coin.
The long range good news is that businesses all over are just starting to gear up bitcoin infrastructure so I am thinking, we are still going a lot higher. Dips are for the easily frightened.
Even if bitcoin goes hard down, due to futures , which I seriously doubt, they don't have other coins. This could be like wack-a-mole. They can't win this one...until they do, and then it is the end.
Come Lord Yahshua, come.