[2017-12-11] Will Bitcoin price go down after a short rise due to futures?

tokenzone

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Quote from: sindikat on December 11, 2017, 01:35:45 PM

I really doubt that futures trading could reduce the volatility of bitcoin. The volatility of this earnings for many people. They will not allow to lose income. In their hands are concentrated the most part of coins and if they do not accept the terms of the Chicago stock exchange will have nothing to sell.

Yes, but exchange have an interesting instrument - a bid suspension. If the price is too volatile they simply suspend bidding. We saw some of this happing during the first day.

sindikat

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I really doubt that futures trading could reduce the volatility of bitcoin. The volatility of this earnings for many people. They will not allow to lose income. In their hands are concentrated the most part of coins and if they do not accept the terms of the Chicago stock exchange will have nothing to sell.

jacob7

newbie

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Merit: 0

Quote from: tokenzone on December 11, 2017, 10:14:28 AM

The oldest exchange in the world, the Chicago Mercantile Exchange (CME), will also start futures on December 18, 2017. The launch of futures on regulated exchanges is the key moment for Bitcoin because the infrastructure, which will make it easier for professional traders and investors to short the cryptocurrency and help reduce the price volatility, is being tested now. It means that Bitcoin will be the new type of asset recognized by all investors in the world.

Read more: https://tokenzone.io/all-posts/will-bitcoin-price-go-down-after-a-short-rise-due-to-bitcoin-futures-launch

But still there are many doubts about bitcoins or other cryptocurrency, as we know that when $ or other currencies are published they have 1/3 of their value in the form of gold or foreign exchange. In case of bitcoin it is still not clear that on which basis these stand, many economist think that this bubble will burst. so still risk exists.

tokenzone

member

Activity: 112

Merit: 10

The oldest exchange in the world, the Chicago Mercantile Exchange (CME), will also start futures on December 18, 2017. The launch of futures on regulated exchanges is the key moment for Bitcoin because the infrastructure, which will make it easier for professional traders and investors to short the cryptocurrency and help reduce the price volatility, is being tested now. It means that Bitcoin will be the new type of asset recognized by all investors in the world.

Read more: https://tokenzone.io/all-posts/will-bitcoin-price-go-down-after-a-short-rise-due-to-bitcoin-futures-launch

Topic: [2017-12-11] Will Bitcoin price go down after a short rise due to futures? (Read 2730 times)