Actually, the price is still trading above CBOE Futures.
News like this takes a little longer before it is also followed by (old) money as they still need to go through their legal departments.
Great, also, is that this news follows shortly after somebody issued a crypto card again (Wirex) which means that the two big ones who have cards are loosening up their resistance and soon we may have hundreds of startups offering cards again.
All combined, lots of movement in the sector again and as you mentioned, positive news. At the same time tho, we will have to accept that such news - and especially those players joining - will also mean that vehicles like Futures will become more important and define the market more than ever before. That’s the bad news about all that positive news.
Yeah, I have a feeling volatility will decrease with greater adoption.
Make the most of your daytrading while you still can!
Don’t worry. We can trust the MSM to create another period of FOMO within the next two years as more and more substantial comes out and hints at ever more adoption.
They won’t say they were wrong, humble pie they don’t. They will just forget about all their own FUD and start hyping it again.
Just like Bloomberg who really don’t know what side to pick and do both simultaneously.
Haha yep, there's a lot of things they can FUD about still but I have a feeling investors will get used to them over time - it will probably just be newcomers suffering the most.
I think only thing holding back currently - considering the still ridiculous number of BTC pairs on exchanges - and definitely defining rate of Futures, is our Japanese administrator tbh. Or still close to 500k BTC still to be dumped but we’ve seen so far that some days later the market recovers so if he keeps going bitesized at it, as he has so far, the continued recovery would be quite the market confirmation.
And, I’m guessing, he’s chewing and choking over Karpeles having gone public (in a reddit AMA) that he doesn’t want the Mt. Gox money.
Anybody can confirm whether Japanese liquidation law has a deadline within which everything needs to be sold?