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As Bitcoin Goes Bust, One Classic Market Signal Is Pointing To More Pain | Trading Nation | CNBC

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Bitcoin futures have entered into a contango market, a development which may suggest further agony lies ahead for the cryptocurrency. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC As Bitcoin Goes Bust, One Classic Market Signal Is Pointing To More Pain | Trading Nation | CNBC
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Text Comments (104)
omar bruce (3 months ago)
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POP-E HENRY (3 months ago)
Thanks for the perspective
XxMsrSzprzxX (3 months ago)
Bitcoin futures? Jesus Christ everyone is clueless.
Skeletor (3 months ago)
It's funny how all the bitcoin "'Moon Boys" and Maximalist were saying it was the time to buy at 19k because it was going to a million. But every thing is an excuse for why this market is dropping. All the hope and hype must leave this market before a real bottom develops. Bitcoin is only as valuable as it is fashionable or trendy. Thats not and asset. All these crypto millennial geniuses seem to know nothing about behavioral economics and or, the motivations of traders/investors alike. IDGF about what it "CAN DO" or, how it COULD change the world..wtf? You kids act as if it's some magic potion that will "SAVE THE WORLD" from the evil bankers..LOL They've pumped some good smoke up yours if your all in like that from the retail side wow! People want real returns on their investment and when they don't get one the move to OTHER ASSESTS!! Whether your in ASIA, EUROPE, AMERICA, THE MOON you want something in return. So, until bitcoin shows viability and there's still better opportunity to short, it's going down! don't get mad LEARN!
B R (3 months ago)
Bitcoin is up 527% over the past 12 months. I would say those are some real returns. Bitcoin, but even more true for some of the alt coins, have utility over the monetary system used today. The easiest to understand would be the ability to send money anywhere in the world within minutes for minimal fees. The current system can't (or won't) do that.
Michael Manfro (3 months ago)
FUD
Donnie Baer (3 months ago)
Funny because they were telling us around 19-20k to buy Bitcoin. I already cashed out 13k up and buying the dips and trading. Screw the main stream media
Wolf Blitzer (3 months ago)
Lol, the $ has no advertisements too, so thats not a problem. Miners take less profits than banks so that is not a problem too. Crypto will be the new currency, it can take a week or 100 years, but it will be the new money. No doubt about that! CNBC watchers don't step in, its a scam, lol.
The Fibler (3 months ago)
Bitcoin is all run by the Russian Mob.
Wolf Blitzer (3 months ago)
So buy bitcoin.
The Fibler (3 months ago)
There is more money in buying beanie babies again.
The Fibler (3 months ago)
Bitcoin now at 6800 and dropping 10% a day. Get out.
Wolf Blitzer (3 months ago)
So step in now.
Michael O'Leary (3 months ago)
Its all a stock market scam u show bitcoin to get stocks to go up sell your stock then u make it fail by bad vids then buy up cheap then do ads goes up then repeat its a scam.
The Last Son of Crypto (3 months ago)
7700? i WISH!
Milo Macdonald (3 months ago)
More FUD , from mainstream media - just another wing of the manipulators trying to wear your resolve so you sell...i think most of the people who could be shaken have sold ..im prepared to be patient , Bitcoin will bounce back even higher, likely before years end..i bought more while its low..if it dropa more i will buy more and so will many others
Wolf Blitzer (3 months ago)
Best comment, its what i do too!
Marcus Anonymous (3 months ago)
Talk positive about bitcoin future and negative about bitcoin and lying about it as well.
flopez425 (3 months ago)
it will come back up like it allways dose
Takanomi Nakamoto (3 months ago)
Typical CNBC promoting FUD trying to push people away from crypto and towards the banks lol. "Bitcoin goes bust" but it's still at all time highs when compared to previous years.
kaiser sosay (3 months ago)
And thats the major problem, its not that it a useless tech or scam. Its just not time yet. 15 years from now i believe this will be adopted, but for the time being its a uphill battle
Takanomi Nakamoto (3 months ago)
kaiser sosay Whenever I try explaining block chain and crypto to my mom she really doesn't care. She doesn't see the value in crypto and thinks it's a scam. Coming from a different generation I can see why she would feel that way..
kaiser sosay (3 months ago)
Takanomi Nakamoto it cant go anywhere but down until you can convince the babyboomers to get there money behind it. Why cant you youngsters see this. They may be old and outdated. They dont understand block chain. However, they control 85 percent of the wealth
Buck Kilgore (3 months ago)
These are dream prices!! Love the Blood!!!
Justyn Mychael (3 months ago)
I bit coin once. Once.
Ragna touya (3 months ago)
Bitcoin has no home think about it
Gayei ken (3 months ago)
Cryptocyberx @gmail helped me burst into bitcoins and to I am so happy with the minning hack
James Brooks (3 months ago)
So much false information in this video.
Wolf Blitzer (3 months ago)
What is true in the video??
CyberOrganic (3 months ago)
The only one hyping bitcoin are those that own them. It benefit them to have people buy bitcoin even if it is crashing. Investors will give you bad advise so they can safe their investment.
Wolf Blitzer (3 months ago)
Always do your own research, you cant trust banks or media.
barney barns (3 months ago)
Its funny millenials say older people dont understand bitcoin. Only thing most millenials understand about bitcoin is if you invest 1000 dollars soon you can buy a lambo. Bitcoin is a pyramid which always needs new people coming in. the whole world knows about bitcoin now. Theres no new money coming in unless aliens start investing. Forget about wall street big money. Bitcoin will drop to 1000 within a year. And then it could collapse completely unless mining becomes cheap again. The current financial system is based on economic growth and production. Bitcoin is base on speculation.
Donnie Baer (3 months ago)
You keep saying that while we cash in
Wolf Blitzer (3 months ago)
Its not a duty to buy, its a right, so stay away while i stepped in, no problem, there are only 21 million bitcoins, if you are to late, no problem.
jacob moore (3 months ago)
Bitcoin is a currency it’s not a pyramid.
kaiser sosay (3 months ago)
Vizual Samurai lol, so was every .com. unmatched tech like we never seen. Babyboomers were just to dumb to see it. Hope youre in it for the long haul. Took nasdaq 15 years to correct itself and regain strength after the .com bubble.
Vizual Samurai (3 months ago)
Ken Cress Bitcoin/Blockchain is GLOBAL, ageless & not just some American stock market asset. Wake up.
Cyril Fernandes (3 months ago)
Now the big Bitcoin holders may dump Bitcoin any time and Bitcoin may touch to750dollars
Vizual Samurai (3 months ago)
I’m buying the dip.
Vizual Samurai (3 months ago)
The Fibler But if you held it from this time last year you’d be up 700%. Don’t spread FUD.
The Fibler (3 months ago)
Its falling 10% A DAY now.
kaiser sosay (3 months ago)
I believe next time this week we test 5k
Ken Cress (3 months ago)
Wait for market to bottom out. I think it has a way to go yet.
Kathryn J. Hernandez (3 months ago)
Vizual Samurai. Me too. More ETH!
Yummi Man (3 months ago)
Its done with bitcoin !
Wolf Blitzer (3 months ago)
Lol!!!
Anon Wibble (3 months ago)
I think there's a lack of understanding about what drives bitcoin price upwards. When you understand why the price REALLY spikes, then you understand these price drops. The price of bitcoin shoots up as millions of people use the dark web simultaneously. When they got what they want off the dark web, the price plummets again. This is why you see bitcoin spikes often before Christmas - people are buying their christmas supply of dope. Now, yes the price will fall a bit, as it's done before. But in about 18-24 months you'll see another exponential spike like this - it's cyclic. It's unrelated to twitter, or MSM bashing bitcoin, or investment in bitcoin, it's just quite simply people buying things over the dark web. Re the death cross - it's nothing, anything that fluctuates up or down can have different moving averages crossing each other, as a mathematician and a statistician, the only significant i can see in this is that MSM say it's significant so it's likely to scare people. There's no mathematical significance to the death cross whatsoever.
Wolf Blitzer (3 months ago)
Prices dropped before Christmas and almost no one uses the dark web.
Milo Macdonald (3 months ago)
People buying a years worth of dope at christmas? Thats absurd , the fact you call it dope shows that you know nothing about it ..or the buying patterns ..nobody is that organized even if they had the money for a years worth
UStheFA (3 months ago)
Anon Wibble: lol, quite the statement a banker bot would say. Please. If people understood the current monetary system we are under they would flock to crypto's like bitcoin. More and more people are understanding fractional based lending each day for the scam it is.
Роман Исаев (3 months ago)
Подскажите, у токенов bunnytoken кушать контакты в соц сетях?
Guarach Es (3 months ago)
Has anyone entertained the thought that cryptocurrency prices are falling not because of anything to do with the cryptocurrency market itself, but because investors have a pessimistic outlook of the entire market themselves? Or does everyone assume that the stock market began its decline not a month later and this is of no significance? Now, look at the narrative of the market. That it is a state of disarray fueled by "tariff concerns." These narratives offer zero insight into the real movers of markets. Why do they not talk of interest rates and the history of low interest rates, which propelled this market into a "bull run," and which were done so with the intention of "having two hamburgers today for one tomorrow," as former Fed President of Dallas famously said? Why do they not talk of the massive balance sheet, which finally, has started to undwind (because you cannot run up debt and deficits ad infinitum)? https://www.youtube.com/watch?v=pnIYZiWlaUY
Guarach Es (3 months ago)
Obviously a troll comment, but why would I buy anything (go long on anything) when my whole point is that there is clearly not optimism in the economy right now..
Wolf Blitzer (3 months ago)
So buy bitcoin!
UStheFA (3 months ago)
Just you guys wait. When bitcoin sees all time highs the media will scream buy. When it is at its lows, they scream sell. It's going to crash. Warren Buffet says crypto won't last. You will see the same thing in the coming years when bitcoin is up again.
UStheFA (3 months ago)
joshua gonzalez: Exactly what he said. Don't go all in at once when investing in the market. Buy the dips time and time again at what you can afford to put in.
You123Tube321Lover (3 months ago)
joshua gonzalez I would say decide s Max you will Invest let's say 1000. Put and buy 500 today. Then in a few weeks if the prices fall further buy again. Same if the prices rise then buy with the half
UStheFA (3 months ago)
joshua gonzalez: If your going to get in, get in during a market crash. And no it's not too late to make good money, $500 could be a great investment with the right crypto's.
joshua gonzalez (3 months ago)
UStheFA okay. Yeah i think it will stable when the market opens up more.
joshua gonzalez (3 months ago)
john ibasco okay, thanks.
AwesomeFPV (3 months ago)
I think i'm doing it wrong! Bought at 19k and sold at 8k :(
Michael Manfro (3 months ago)
AwesomeFPV that’s what they want you to do... smh
Glenn Joy (3 months ago)
I think Bitcoin will make a new high in Jan 2019 and about Oct 2018 will be at approx 14K just based on my analysis. I did predict in Oct last year it would be at 8K in Feb 2018 but I didn't believe my analysis then.
ANNA ANUSKA (3 months ago)
AwesomeFPV but you can still not wrong that u can buy back 😸😸😺
ANNA ANUSKA (3 months ago)
I too I bought with 19 k l😩
Ameth Rawat (3 months ago)
I bought bitcoin at 19k, then traded it to ripple when XRP was at $3, then traded it all for TRON, because I was told it was going to be the next bitcoin :'(
Career Use (3 months ago)
Question time: How many ads did bitcoin buy? Answer time, None. Those ads are for ICOS which need them to survive. Bitcoin does not. With the improvements coming to bitcoin in the form of the Lightning Network, young people frankly since they have the time to learn about what bitcoin actually is, will just have to wait it out. Baby Boomers don't have 10 years so why would they look into the future. A future where I could choose to buy with bitcoin over fiat money like the dollar. $1000 in 1975 < $1000 in 2018 but 100 BTC in 2010 = 100 BTC in 2018.
Vulcan Peace (2 months ago)
well...that's not really true...I mean it's more like 100BTC in 2010 <<<<<<< 100 BTC in 2018.
Clay Fletcher (3 months ago)
When I first started thinking of investing in crypto last year I came up with a basic criteria for what I thought the "currency of the future" would need: instant transactions, feeless, sustainable, decentralized. My plan was to throw some pocket change at it, and sell when it was enough to retire comfortably with. I started with Nano, made a ton of money off that, but as I kept doing research I realized that its scope was way too small, and there were projects that met (or will meet) the criteria while covering much more grounds. Thanks to everybody who posted about Evan Gilmore, you are all part of my Success Story. Let’s keep spreading Words about Him to help the Ignorant people who are loosing, If you have less than 3 Bitcoins or more, why not trade it and make more profits. It’s no News that Evan Gilmore has been helping so many of us out here with New working strategies to trade our Bitcoin, I went from having 3Btc to 10Btc. Imagine selling off each of them at $30k in a few months, You can Reach his email or text him at ([email protected]) or Telegram +1(904) 428-8349.
Wolf Blitzer (3 months ago)
Crypto is decentralised, do what YOU want, never do what others say that you should do. Dont be a slave in crypto, thats for fiat currency.
me llamo jeff (3 months ago)
Clay Fletcher seems legit
Career Use (3 months ago)
Yes totally not scripted bot!! How do I real person Do what you did to make Real Money Too ! I'm Real and this is a real post from a real person that can type.
Merve Gumusyazici (3 months ago)
How do i start? should i contact him directly
Beverly Sinor (3 months ago)
Wolf of crypto street

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