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TLDR: Bitcoin futures enabled short-selling which puts downward pressure on Bitcoin prices.

• DidISayTooMuch 8y ago
  That was very a concise TLDR. Thank you.
• marshray 8y ago
  For every short, there's a long.
  • jaxytee 8y ago
    Long, but at what price?
    • marshray 8y ago
      The buyer pays the exact same price as matched to the seller, plus some tiny fees for the exchange and clearing.
• jraines 8y ago
  CME and CBOE volume paled (and still pales) in comparison to Bitmex, where traders can and did short Bitcoin well before the regulated markets launched.
  • deleted 8y ago
    [deleted]
• JackFr 8y ago
  But it didn't actually enable short selling, it created a USD-settled market for betting on the price of Bitcoin, which is a very different thing. The article is simply wrong.