CME and CBOE to List BTC Futures | Bitcointalksearch.org

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Quote from: Psynthax on November 04, 2017, 08:56:41 AM

So can you point me out about how that way can control the bitcoin price? Can you give me the more explanation?

Probably in the same way that the price of gold is manipulated through gold futures and ETFs. Basically if TPTB want to suppress Bitcoin's price they would trick the public into buying paper BTC (instead of actual BTC) while they sell the underlying that they have previously hoarded at a lower price.

This could happen if, for example, BTC futures became more accessible than actual BTC to the general investing public. The average InvestorJoe is more comfortable buying a futures-based BTC product through his BAML/Schwab/Fidelity/etc. brokerage account than opening a BTC exchange account at some incompetent startup that is not SSAE16 audited for compliance in protecting customer data. When the current crap exchanges talk about compliance they only think within the scope of AML/KYC compliance, which does not cover the protection the customer's private data at all.

Psynthax

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Quote from: Pab on October 31, 2017, 02:52:27 PM

Great news at first look CME platform and propably also Chicago Board Options are going to list btc futures the end of year http://www.cmegroup.com/trading/cf-bitcoin-reference-rate.html
My question is how it influance bitcoin,it will be only trading on btc price without using bitcoin,whan bought contract will end traders will not receive bitcoins,both platforms are biggest in the world
My worry is that kind of trading may fully control btc prices and create massive speculation

So can you point me out about how that way can control the bitcoin price? Can you give me the more explanation? My guess the cme and cboe trade futures contract will be helped a lot to the massive advertising.
There is a possibility about those will try to trade and buy the bitcoin directly.
It just like a mainstream advertisement by the wallstreet company.

terrific

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Awareness at it's finest and as well as the appearance of bitcoin is already on the mainstream with the help of them.

Quote from: Pab on October 31, 2017, 02:52:27 PM

My worry is that kind of trading may fully control btc prices and create massive speculation

Expect that it will come but taking the advantage with their help is good for small timers like us. I just don't know with the others here that are bagholding hundreds to thousands of bitcoins.

Quote from: guy_wonderful on November 04, 2017, 03:57:02 AM

Good publicity, and bitcoin becoming a mainstream + enormous volatility those trades will add to the market.
Makes a one of hell mixture!

I'll bet that $40k for 1 bit it's a new bottom price from now.

Definitely, it's a good publicity. This is also to remove the bad thoughts of those brainwashed people by Jamie Dimon and other Wallnuts, I mean Wall St. business tycoons and investors.

VuLDK

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Quote from: Pab on October 31, 2017, 02:52:27 PM

Great news at first look CME platform and propably also Chicago Board Options are going to list btc futures the end of year http://www.cmegroup.com/trading/cf-bitcoin-reference-rate.html
My question is how it influance bitcoin,it will be only trading on btc price without using bitcoin,whan bought contract will end traders will not receive bitcoins,both platforms are biggest in the world
My worry is that kind of trading may fully control btc prices and create massive speculation

I think that will not affect the investment in BTC, because such interventions are hardly likely to affect the price of the MOF. So do not worry

jjacob

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Quote from: guy_wonderful on November 04, 2017, 03:57:02 AM

Good publicity, and bitcoin becoming a mainstream + enormous volatility those trades will add to the market.
Makes a one of hell mixture!

I'll bet that $40k for 1 bit it's a new bottom price from now.

I hope I can resist the temptation to cash out until that happens. Grin

We definitely will have volatility, but that is going to be after a massive move upwards. When the first Bitcoin futures / ETF list, there is going to be a mad rush to get in. The price will have to reflect this.

DaMut

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Quote from: guy_wonderful on November 04, 2017, 03:57:02 AM

Good publicity, and bitcoin becoming a mainstream + enormous volatility those trades will add to the market.
Makes a one of hell mixture!

I'll bet that $40k for 1 bit it's a new bottom price from now.

Yeah you are right,
Bitcoin will hit $40.000 or even we can see it more than $100.000 in the near future because of their listing,
afterward ? the price will be declined to the bottom and slowly people will forget about it,
overhyping it because of their listing is not really a good move,
because of that there will be a bubble caused by the hype and themself.
indeed we can not stay at our safe zone and need to risk it,
but overhyping it will never bring us a future but it will only bring us some fantasies.
right now bitcoin manipulated by people but in my opinion it's a healthy manipulation,
what happen if they manipulate it to the sky and then crush it ?

guy_wonderful

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Working 24 hours a day isn't enough anymore.

Good publicity, and bitcoin becoming a mainstream + enormous volatility those trades will add to the market.
Makes a one of hell mixture!

I'll bet that $40k for 1 bit it's a new bottom price from now.

BTCLovingDude

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BTC to the moon is inevitable...

there will be a lot more news like this in the future.
i said this many months ago back when Japan started adopting bitcoin. they started a big movement for bitcoin and many other countries will follow even if it is slow. the first to add bitcoin markets like this was Japan too.
now everyone will continue to follow their footsteps. it is this or they will fall behind from the rest of the world as they advance in the newest technology.

exstasie

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Quote from: pooya87 on November 01, 2017, 12:49:43 AM

i think the most we get out of this is a good publicity for bitcoin.
just like when idiots like Jamie Dimon speaking shit about bitcoin has negative effect, the news like this have the positive effect on bitcoin. it shows bitcoin in a more positive way, eliminates all the doubts that anybody may have had in their mind about bitcoin, such as calling it fraud, ponzi,...

but i personally never like these things. they bring too much centralization to the game. we need more decentralization instead. more of decentralized exchange, decentralized markets and everything else.

If Bitcoin is to go mainstream, I'm not sure there's any way around major exchange/swap providers getting in on the action. I must say, though, I'm very curious about the details of cash delivery with their contracts, and I'm surprised this is all slated for trading to begin by the end of the year. This is a totally different animal than LedgerX, as CME will settle in cash. Supposedly, this means that these futures markets can't be used to affect spot markets (no arbitrage), but I need to think on it some more before I'll believe that's true.

It's also been pointed out with regard to gold futures markets that the US Treasury originally anticipated them to reduce demand for the commodity -- since you can enjoy all the volatility without holding them. I wonder how these markets will affect BTC from that perspective.

coin_1122

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Quote from: EastSound on October 31, 2017, 06:19:46 PM

Quote from: Pab on October 31, 2017, 02:52:27 PM

Great news at first look CME platform and propably also Chicago Board Options are going to list btc futures the end of year http://www.cmegroup.com/trading/cf-bitcoin-reference-rate.html
My question is how it influance bitcoin,it will be only trading on btc price without using bitcoin,whan bought contract will end traders will not receive bitcoins,both platforms are biggest in the world
My worry is that kind of trading may fully control btc prices and create massive speculation

this kind of exposure will make the price go up again there are still close-minded people out there who thinks bitcoin is used for drugs, terrorism, sex, and dark markets.

Imagine those untapped money will pour fourth in the crypto-market probably another speculation to go up again

Yes, there are some people misleading the Bitcoin for drug, terrorism, sex etc. People will always react to the most negative thing happening around them but they won't react to the positive thing besides them. Yes, controlling Bitcoin price is not possible but it can create lot fo speculation.

pooya87

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i think the most we get out of this is a good publicity for bitcoin.
just like when idiots like Jamie Dimon speaking shit about bitcoin has negative effect, the news like this have the positive effect on bitcoin. it shows bitcoin in a more positive way, eliminates all the doubts that anybody may have had in their mind about bitcoin, such as calling it fraud, ponzi,...

but i personally never like these things. they bring too much centralization to the game. we need more decentralization instead. more of decentralized exchange, decentralized markets and everything else.

EastSound

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Quote from: Pab on October 31, 2017, 02:52:27 PM

Great news at first look CME platform and propably also Chicago Board Options are going to list btc futures the end of year http://www.cmegroup.com/trading/cf-bitcoin-reference-rate.html
My question is how it influance bitcoin,it will be only trading on btc price without using bitcoin,whan bought contract will end traders will not receive bitcoins,both platforms are biggest in the world
My worry is that kind of trading may fully control btc prices and create massive speculation

this kind of exposure will make the price go up again there are still close-minded people out there who thinks bitcoin is used for drugs, terrorism, sex, and dark markets.

Imagine those untapped money will pour fourth in the crypto-market probably another speculation to go up again

1Referee

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Quote from: Pab on October 31, 2017, 02:52:27 PM

My worry is that kind of trading may fully control btc prices and create massive speculation

At some point institutions will take over this market, and make current whales look like a small fish. It's something that is bound to happen, where we can't do anything other than going with what the market offers us. If Goldman Sachs ends up actually setting up some sort of a trading platform, which might potentially attract billions of dollars in capital that will then flow into this eco system, this market will get a boost that we can only dream of right now. We haven't seen anything yet, that I am sure of. Other than that, we shouldn't forget that this market is extremely speculative by nature, and thus shouldn't be surprised by manipulation from higher hand. After all, manipulation and speculation is nothing new anymore - it's part of the game.

figmentofmyass

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Quote from: Pab on October 31, 2017, 02:52:27 PM

Great news at first look CME platform and propably also Chicago Board Options are going to list btc futures the end of year http://www.cmegroup.com/trading/cf-bitcoin-reference-rate.html
My question is how it influance bitcoin,it will be only trading on btc price without using bitcoin,whan bought contract will end traders will not receive bitcoins,both platforms are biggest in the world
My worry is that kind of trading may fully control btc prices and create massive speculation

the good news is that we are going mainstream. comments from CME on the CNBC closing bell program cited pent-up commercial/client demand to add BTC markets.

interestingly, in their tweet announcement, they spoke of the bitcoin futures market in the context of a larger "digital asset" market, which suggests to me that there is more to come than just bitcoin markets.

i think you're right to worry, though. if anyone thought manipulation by the chinese exchanges over the past few years was bad, you ain't seen nothing yet. the big boys are here to fuck you now! be careful not to sell the bottom... Kiss

Pab

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Great news at first look CME platform and propably also Chicago Board Options are going to list btc futures the end of year http://www.cmegroup.com/trading/cf-bitcoin-reference-rate.html
My question is how it influance bitcoin,it will be only trading on btc price without using bitcoin,whan bought contract will end traders will not receive bitcoins,both platforms are biggest in the world
My worry is that kind of trading may fully control btc prices and create massive speculation

Topic: CME and CBOE to List BTC Futures (Read 601 times)