__Most of the people think Bitcoin drop since CME launch was a coincidence. No, it was not. Now there is a FED research paper on the Fall-in-the-price that clearly says__

it was NOT A COINCIDENCE

The crypto community was told in Dec-17 that Institutional money will pour into Bitcoin and we will be going to moon in our lambos soon. Nothing of that sort happened. Why? Because trading in futures market uses paper derivatives which are designed with a different purpose in mind. Derivative products are created to protect the big player’s interests, they are NOT created for the retail investor. They feel only Institutions have right to go to moon…not Joe-the-plumber.

Retail investors may lose money if they are not careful in this game. I am not saying we cannot profit - What I am saying is we need to trade carefully. Play their cards to win this game.

"The rapid run-up and subsequent fall in the price after the introduction of futures does not appear to be a coincidence," four researchers say in the regional Fed bank's recent Economic Letter. [__Launch of bitcoin futures (CME & COBE) dragged down prices__](https://www.cnbc.com/2018/05/07/launch-of-bitcoin-futures-dragged-down-prices-fed-paper-shows.html) Here is the more from the Fed Bank.

FEDERAL RESERVE BANK (SF): How Futures Trading Changed Bitcoin Prices

Before December 2017, there was no market for bitcoin derivatives. This meant that it was extremely difficult, if not impossible, to bet on the decline in bitcoin price. Such bets usually take the form of short selling, that is selling an asset before buying it, forward or future contracts, swaps, or a combination. [How Futures Trading Changed Bitcoin Prices](https://www.frbsf.org/economic-research/publications/economic-letter/2018/may/how-futures-trading-changed-bitcoin-prices/)

What happened since CME introduction is NOT Coincidence

__Technically, this research paper is for the doubters. I had given the entire blue print even before it started in my [twitter handle @Super_Crypto](https://twitter.com/Super_Crypto). Lot more details in my [Cartel post](https://steemit.com/bitcoin/@supercrypto1/4th-dimension-bitcoin-manipulation-cartel-price-suppression-is-the-goal)__

Talking about coincidences. Here is one recent successful mini-attempt to DUMP BTC using FUD

__B&B Company tried to pour rat-poison on the Bitcoin and we got 10% Dip__ 1) Saturday 9AM ET Bitcoin is at $9,990 and ready to Break 10K any moment 2) Mr. Warren Buffett Calls Bitcoin ‘Rat Poison’ again. 3) Bitcoin drops couple of hundreds and then tries to rally 4) Then it drops $500 once the news gets to news channels 5) Mr. Bill Gates decide to trash Bitcoin on CNBC squackbox on Monday morning 6) Cartel fill their Bags 7) Missions accomplished __Good thing to note here is Mr. Bill Gates FUD did not create a negative reaction. This might be a sign that people are ignoring these frequent FUDs. Very positive for BTC.__ [![Buffet_btc_chart.JPG](https://steemitimages.com/DQmaDyySA6ESedLEzJARqGDfxDp3qrvZmCkQzcALXujbAsn/Buffet_btc_chart.JPG)](https://steemitimages.com/DQmaDyySA6ESedLEzJARqGDfxDp3qrvZmCkQzcALXujbAsn/Buffet_btc_chart.JPG)

Where do we go from here?

Possibly 10K again. Will there be another attack at 10K? I don’t know I generally sell rallies and am happy I did this too…and I filled my bags at lower average price. [![buffet_filled_orders.JPG](https://steemitimages.com/DQmbkck7TDKBAFidWWVg4ZE7Jgod4BD64eiELoByqYysABQ/buffet_filled_orders.JPG)](https://steemitimages.com/DQmbkck7TDKBAFidWWVg4ZE7Jgod4BD64eiELoByqYysABQ/buffet_filled_orders.JPG)

Here are Buffet, Bill Bitcoin Bashing links (recorded purely for entertainment purpose)

Here was one of my Tweets after the FUD ![Buffet_buy_gold.JPG](https://steemitimages.com/DQmVLE5fCyxev7HsHDk7mFK1xZVKBcc28a9e1Wth4aUVeJX/Buffet_buy_gold.JPG) See the type of coverage these news items received. No wonder Bitcoin diped $900 in two days. I saw this an opportunity to buy Bitcoin which I did. [Warren Buffett, Bill Gates beat up on bitcoin CBS](https://www.cbsnews.com/news/warren-buffett-bill-gates-charles-munger-beat-up-on-bitcoin/) [Gates, Buffett: Bet Against Bitcoin, Cryptocurrency Newsweek](http://www.newsweek.com/bitcoin-bill-gates-warren-buffett-cryptocurrency-berkshire-hathaway-investment-912850?piano_t=1) [Munger Massacres "Scumbag, Immoral" Bitcoin Traders, Gates "Would Short It" If He Could Zero Hedge (Weblog) ](https://www.zerohedge.com/news/2018-05-07/munger-massacres-scumbag-immoral-bitcoin-traders-gates-would-short-it-if-he-could) [Warren Buffett loves stocks, hates bitcoin CNBC](https://www.cnbc.com/2018/05/07/warren-buffett-loves-stocks-and-hates-bitcoin.html) [Bill Gates says he would short bitcoin if there was an easy way to do it](MarketWatch11:29https://www.marketwatch.com/story/bill-gates-says-he-would-short-bitcoin-if-there-was-an-easy-way-to-do-it-2018-05-07) [Buffett bashes bitcoin as thriving on mystique](http://www.cbc.ca/news/business/warren-buffett-bitcoin-1.4651632) [Buffett Still Bearish On Bitcoin: 'The Asset Itself Is Creating Nothing' FXstreet](https://www.fxstreet.com/cryptocurrencies/news/buffett-still-bearish-on-bitcoin-the-asset-itself-is-creating-nothing-201805071701) [Bitcoin backs away from $10,000 after Buffett, Gates criticism - CNBC](https://www.cnbc.com/2018/05/07/bitcoin-backs-away-from-10k-after-buffett-gates-criticism.html) [Buffett: Ditch bitcoin, stick with stocks - Newsday.com](https://www.newsday.com/business/warren-buffett-stocks-bitcoin-index-1.18435101) [Warren Buffett Calls Bitcoin ‘Rat Poison,’ Ignores Real-World Utility - Bitcoinist.com](http://bitcoinist.com/warren-buffett-calls-bitcoin-rat-poison-ignores-real-world-utility/) [Bill Gates reveals himself as one of Bitcoin’s harshest critics - The Daily Dot](https://www.dailydot.com/debug/bill-gates-short-bitcoin/) [Warren Buffett says stocks remain best investment option; not bonds and especially not bitcoin - Firstpost](https://www.firstpost.com/world/warren-buffett-says-stocks-remain-best-investment-option-not-bonds-and-especially-not-bitcoin-4459949.html) [Bill Gates thinks investing in Bitcoin is crazy, Warren Buffett calls it rat poison - PC Gamer](https://www.pcgamer.com/bill-gates-thinks-investing-in-bitcoin-is-crazy-warren-buffett-calls-it-rat-poison/) [Buffett's bitcoin beef is somewhat correct - Yahoo! US](https://finance.yahoo.com/video/markets-buffetts-bitcoin-beef-somewhat-181005042.html) [Video: Buffett still hates Bitcoin, wants all of Apple - Reuters.co.uk]( https://uk.reuters.com/video/2018/05/07/buffett-still-hates-bitcoin-wants-all-of?rpc=401&videoId=424749825&feedType=VideoRSS&feedName=Business&rpc=401&videoChannel=5) [Crypto Insider: Buffett Says Bitcoin Is 'Rat Poison Squared' Business Insider](http://markets.businessinsider.com/currencies/news/crypto-insider-buffett-says-bitcoin-is-rat-poison-squared-2018-5-1023675540) [Warren Buffett on Cryptocurrencies: "Probably Rat Poison Squared' TheStreet](https://www.thestreet.com/markets/warren-buffett-on-cryptocurrencies-probably-rat-poison-squared--14581537) [Warren Buffett: Cryptocurrency “Draws in a Lot of Charlatans” Cryptovest](https://cryptovest.com/news/warren-buffett-cryptocurrency-draws-in-a-lot-of-charlatans/) [Bill Gates Proclaims Crypto Governed by “Greater Fool Theory” Finance Magnates](https://www.financemagnates.com/cryptocurrency/news/bill-gates-proclaims-crypto-governed-greater-fool-theory/) [Buffett and Gates have harsh words for Bitcoin; Marijuana Index on the … Proactive Investors](http://www.proactiveinvestors.com/companies/news/196493/daily-cryptocann-report-buffett-and-gates-have-harsh-words-for-bitcoin-marijuana-index-on-the-decline-196493.html) [Charlie Munger on bitcoin: 'Disgusting,' 'stupid,' 'immoral,' 'turds' Yahoo! ](https://finance.yahoo.com/news/warren-buffetts-business-partner-charlie-munger-bitcoin-disgusting-stupid-immoral-turds-202914916.html)