Shit is about to get real. We are about to experience something no one has ever seen. We have a new currency that is not controlled by any government and not backed by any government. It’s magic internet money.
However, futures trading starts next week. This is a HUGE MONUMENTAL thing. Futures. Futures are Wall Street wizardry and no one knows how this is going to impact BTC.
No one. Wall Street is out to make money. They don’t care at all about blockchain, about changing the world, making money accessible to all. All they care about is making cold hard USD cash.
They are not trading futures to help the cause or make BTC “legit”. They are doing it to make money.
Next week is going to be scary. Someone is going to make a ton of money, but no one, and I mean no one, knows if it will be us (HODLers and early adopters) or them (the slick traders creating futures to make money).
The futures will not actually trade BTC, but it will impact the price of BTC. You have to be ready for this.
You can be ready in a few ways:
HODL. Ignore the price, ignore the news. Take your hardware wallets, your paper wallets, and put them away and ignore them. The price is going to go nuts. Maybe up, maybe down, but it’s going to be insane. Stick to your plan. HODL.
Set your limits in your exchange of choice. What’s your buy and sell number. Set it and stick with it. The computers are going to make trades faster than the exchanges can keep up with. Remember the 9k dip that lasted for seconds? Imagine a lot of that. You won’t be able to move fast enough. If you want to get in or get out at X, set it now and live with it.
Get out of BTC. Take your profits and leave. You’ve made a ton of money. Take % out and put it into the normal stock market, mutual funds, ETFs, whatever you want. Leave the rest in. Move your BTC into a traditional asset class and diversify.
These are your options. You need to take a hard look at yourself, at your wants and needs, your goals, and make your decision ASAP.
Futures are coming and it’s going to be a wild ride. If you don’t think you can take the insanity, make your plans now.