[2017-12-09] The Bitcoin futures markets could end up being a disaster.

cynical

full member

Activity: 490

Merit: 136

Quote from: isvodkabeer on December 09, 2017, 06:42:04 AM

Most people are talking about the impact of Bitcoin futures trading on the price of Bitcoin. But what nobody is talking about is the fact that the market itself may not even be successful. Bitcoin is so much different from all the other assets traded on the CBOE, it may not even be something futures traders even want, and for several reasons. However, if this is the case, it may turn out to be a good thing for Bitcoin and crypto in the long run.

http://jamescrypto.com/will-the-new-bitcoin-futures-markets-turn-out-to-be-a-total-failure/

I think the reason we are discussing this whole futures trading scenario is because futures traders
have asked for it to be included by the CME,
they have seen the potentian bitcoin holds and they want in on the action

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

The questions asked in this article are impossible to answer, not even when related to BTC but also to everything else that surrounds us. For example:

Quote

Is Bitcoin worth $1 or is it worth $100K. Nobody even knows.

It's worth as much as people are willing to pay! How much is a loaf of bread worth? In Russia it can be 50 cents, in the UK 1 USD and in Norway 2 USD. I'm really close in those estimations because in Sweden or Norway prices of food are very high when compared to the rest of Europe. The answer is: if you're trading a global asset you can't be sure of its value. Different people coming from different cultures will have their own estimations. The value is always relative.

1Referee

legendary

Activity: 2170

Merit: 1427

At this point it's all talk and speculation. Bitcoin has so much growth to offer to all involved parties, that one, especially in current extremely bullish market conditions, will only have the incentive to go long. It obviously doesn't meant that they will endlessly keep going long, but as long as there is new money being pumped into this market, there will be reason enough to remain bullish. The more people look to buy themselves into Bitcoin, the lower the overall on-exchange availability of Bitcoin is, and thus the larger this market will grow in the long term. I constantly see the mainstream media point out that due to the possibility to short, this market will be brought back to far below the $10,000 level where it belongs (according to them). It's obvious that not everyone is happy with how Bitcoin has gone up. Roll Eyes

isvodkabeer

newbie

Activity: 12

Merit: 0

Most people are talking about the impact of Bitcoin futures trading on the price of Bitcoin. But what nobody is talking about is the fact that the market itself may not even be successful. Bitcoin is so much different from all the other assets traded on the CBOE, it may not even be something futures traders even want, and for several reasons. However, if this is the case, it may turn out to be a good thing for Bitcoin and crypto in the long run.

http://jamescrypto.com/will-the-new-bitcoin-futures-markets-turn-out-to-be-a-total-failure/

Topic: [2017-12-09] The Bitcoin futures markets could end up being a disaster. (Read 3008 times)