CME Futures are coming! - page 3. | Bitcointalksearch.org

eaLiTy

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Quote from: phpdev3 on December 08, 2017, 01:28:37 PM

Yes. There is a vast chance of being affected by the upcoming bitcoin. We know that, if the supply of the bitcoin increases, then its price will fall.

What you are even talking about,increasing the supply of bitcoin. Roll Eyes

The news of a future derivative market drove the price to these levels without a doubt,i was expecting a correction for a very long time and it is still not happening in the price and with the derivatives market being launched in December,i would like to see what the price would be by January and will there be much volatility in the price and so on,i do expect a correct once everything is launched and when there is nothing more to speculate. Grin

suzanne5223

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The CBOE and CME bitcoin contract futures has already created a massive demand of bitcoin which literally generate the transaction congestion we're experiencing lately and I hope something will done to fix though.

posi

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The CME and CBOE bitcoin fixture will definitely create a big inpact in bitcoin price. This is why I give kudos to Tim Draper, the Forbes etc becausw their prediction about bitcoin bullish is already coming true.

MadGamer

legendary

Activity: 1568

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The market will definitely be affected but hopefully in a good way. We all know that these wall street whales don't care about bitcoins or anything else as long as they are filling their pockets with more money. I'm only optimistic about CBOE as they have Andreas as an advisor.

icanscript

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Quote from: Maren on December 08, 2017, 02:36:40 PM

Since the futures will be much more liquid than the actual bitcoin market and much larger, since they are derivatives, the futures will become the go-to price check.

why are futures more liquid Huh

Bitcoin = a very liquid asset, in any real volume.
It's not gold or coffee!

ace4549

sr. member

Activity: 699

Merit: 438

Yes the bitcoin will affect the future market and the whole system as well. Accepting bitcoin in our industry will brings innovation for everyone;
wherein the bitcoin will establish a well organize and systematic management in future which will brings lots of opportunities for everyone.

BureauChef

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Quote from: Red-Apple on December 09, 2017, 09:34:47 AM

the hype of the news seems to be nearly over now and price finally stopped rising after a very long rally. and that is all the effect you are going to get for the "pre-news date" and that was already big enough.

for the actual date when the markets start. the result will depend on how much manipulation is going into those market and also how effective the manipulation is. i say it won't be that effective.

They will affect the market, but we don't know the direction of this effect. There are several differet scenarios I read from medium and twitter. I hope the best one happens for bitcoin.

kabit9

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Quote from: fatalbert on December 08, 2017, 05:25:01 PM

Quote from: jjacob on December 08, 2017, 02:23:01 PM

Quote from: fatalbert on December 08, 2017, 01:33:08 PM

I posted this as a topic so sorry if against rules for double post. Feel free remove. Just trying help.

We need to spread the word and F Wall st.

Futures are going to start trading on it Sunday night. These futures are cash settled. This means they are not connected to BTC in anyway. Like 0.0000%. They are just trading fiat aka making fiat bets on BTC's actual price. So they have endless fiat dollars to short their futures down to $0.

But here's there beauty. If tons of us stay HODL and completely ignore the futures price, futures price can be down 50% and BTC on say coinbase can be plus 20%. This would be all over the evening news and expose Wall St. for the sham it is.

Spread the word.

Example: Someone makes a billion $ bet BTC will be $5,000 Dec 31st. They are trying to effectively short BTC. If BTC on coinbase/exhanges is $10,000 on Dec 31st. This person who made the bet just has to pay the difference between $5,000 (their bet) and BTC physical price of $10,000. So they owe $5K in fiat.

It's a way to manipulate a currency/asset etc, because people think the futures is an actual price or indicator. It is neither, it is a bet is all.If everyone stayed HODL, Wall. St. would get destroyed.

If the futures price is $5k and the spot price is $10k, I will sell my Bitcoins in the spot market and buy in the futures market. When the trades are settled, I will buy again in the spot market, netting a neat profit. Millions of others will do this. This is one reason why your strategy won't work.

This is true. But heres the rub. When you go to make that arbitrage play, where are your coins to sell? You can't short BTC physical. So you can't make that arbitrage play. Now if you have the coins on hand already then yes......And if that's the case, Wall St. needs to buy pretty much every physical coin there ever was made to prepare for these arbitrage plays and or hedging.

I'm not pretending to know the outcome as it will sure be a wild west for the 1st month. But if say 1/2 the coins are HODL, gonna be tough for Wall St to hedge $200B futures market with actual coins/physical.

This is pretty sound logic to begin with. If 1/2 the coins are HODL though, HODL until what price? When Wall St. wants to play, they are HAPPY to pay for it. So I can we can go to the moon before downward mainstreamm manipulation starts full scale. Just remember to cash out and buy back...

HabBear

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Quote from: pugman on December 08, 2017, 07:35:19 AM

Well the repercussions are clearly shown in terms of the price of bitcoin.

Too much hype, which is causing literally everyone to call bitcoin to be a bubble, just like the real estate bubble back in the day.

Stupid people want to pump the price so badly, gain the attention and boom ruin the whole thing after some time. Don't want stock market people to come play with bitcoin now, seriously.

The crypto world is much better without the likes of them. But fucking no one can do anything 'bout it. Cry

Wow, so you really think the CME and CBOE involvement is bad?!

I think it will only be good for Bitcoin. And let me explain to you how this will work, because I think you may be misinformed.

Futures transactions will happen via the futures market the CME and CBOE use. The buy and sell transactions are cleared through their network. These transactions will not hit the blockchain, therefore the daily volatility of futures contracts won't directly impact the price of Bitcoin.

What will influence the Bitcoin price is these investment firms (or individual investors) having to buy and hold Bitcoin as reserves to back some of the futures transactions. If you're selling a covered put (for example) you need to own Bitcoin to cover the sale. Instead of individual investors buying Bitcoin and holding it with these investment firms, the investment firms will likely buy Bitcoin to hold as reserves for the transactions.

This futures business should create more buy and hold investors.

ipsum100

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In this next two weeks we will see what influence it has

rommelzkie

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Is there a chance that the the bitcoin futures price will be used a standard price for bitcoin?

Red-Apple

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the hype of the news seems to be nearly over now and price finally stopped rising after a very long rally. and that is all the effect you are going to get for the "pre-news date" and that was already big enough.

for the actual date when the markets start. the result will depend on how much manipulation is going into those market and also how effective the manipulation is. i say it won't be that effective.

worldofcoins

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Quote from: worldwide100 on December 08, 2017, 04:43:09 PM

Government regulator: We're going 'to make sure' new bitcoin futures are not manipulated.

Federal oversight of bitcoin futures aims to preserve the integrity of the contracts, a CFTC official tells CNBC.
https://www.cnbc.com/2017/12/06/government-to-make-sure-new-bitcoin-futures-are-not-manipulated.html

CFTC Statement on Self-Certification of Bitcoin Products by CME, CFE and Cantor Exchange
http://www.cftc.gov/PressRoom/PressReleases/pr7654-17

So if this is True, you guys should be buying as much as you can right now lol. you guys are scared. Winklevoss also confirmed my prediction to a 100 million dollar bitcoin. Keep speculating and before the whales come in you will miss out.

vv181

legendary

Activity: 1932

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Every time a crypto is listed on a new market, it spikes given the increase in liquidity that's entering that market, so the opening of Bitcoin futures is insane in the sense of the amount of money that will start flowing into Bitcoin.

Freddyclose

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Activity: 85

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all that will necessarily impact the market, create an additional demand

superlative

newbie

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Quote from: saycryptohello on December 08, 2017, 05:47:17 PM

Yes, Futures affect the market. American Exchanges can do manipulations with bitcoin price because futures will be controlled by the exchange. The important fact, futures will be buying/selling for dollars, that means we can lose a "sense" of cryptocurrency because bringing back to dollars.

F $US. Shame on anyone who sells out bitcoin for something worthless.

saycryptohello

member

Activity: 574

Merit: 11

Yes, Futures affect the market. American Exchanges can do manipulations with bitcoin price because futures will be controlled by the exchange. The important fact, futures will be buying/selling for dollars, that means we can lose a "sense" of cryptocurrency because bringing back to dollars.

fatalbert

newbie

Activity: 28

Merit: 0

Quote from: jjacob on December 08, 2017, 02:23:01 PM

Quote from: fatalbert on December 08, 2017, 01:33:08 PM

I posted this as a topic so sorry if against rules for double post. Feel free remove. Just trying help.

We need to spread the word and F Wall st.

Futures are going to start trading on it Sunday night. These futures are cash settled. This means they are not connected to BTC in anyway. Like 0.0000%. They are just trading fiat aka making fiat bets on BTC's actual price. So they have endless fiat dollars to short their futures down to $0.

But here's there beauty. If tons of us stay HODL and completely ignore the futures price, futures price can be down 50% and BTC on say coinbase can be plus 20%. This would be all over the evening news and expose Wall St. for the sham it is.

Spread the word.

Example: Someone makes a billion $ bet BTC will be $5,000 Dec 31st. They are trying to effectively short BTC. If BTC on coinbase/exhanges is $10,000 on Dec 31st. This person who made the bet just has to pay the difference between $5,000 (their bet) and BTC physical price of $10,000. So they owe $5K in fiat.

It's a way to manipulate a currency/asset etc, because people think the futures is an actual price or indicator. It is neither, it is a bet is all.If everyone stayed HODL, Wall. St. would get destroyed.

If the futures price is $5k and the spot price is $10k, I will sell my Bitcoins in the spot market and buy in the futures market. When the trades are settled, I will buy again in the spot market, netting a neat profit. Millions of others will do this. This is one reason why your strategy won't work.

This is true. But heres the rub. When you go to make that arbitrage play, where are your coins to sell? You can't short BTC physical. So you can't make that arbitrage play. Now if you have the coins on hand already then yes......And if that's the case, Wall St. needs to buy pretty much every physical coin there ever was made to prepare for these arbitrage plays and or hedging.

I'm not pretending to know the outcome as it will sure be a wild west for the 1st month. But if say 1/2 the coins are HODL, gonna be tough for Wall St to hedge $200B futures market with actual coins/physical.

worldwide100

newbie

Activity: 61

Merit: 0

Government regulator: We're going 'to make sure' new bitcoin futures are not manipulated.

Federal oversight of bitcoin futures aims to preserve the integrity of the contracts, a CFTC official tells CNBC.
https://www.cnbc.com/2017/12/06/government-to-make-sure-new-bitcoin-futures-are-not-manipulated.html

CFTC Statement on Self-Certification of Bitcoin Products by CME, CFE and Cantor Exchange
http://www.cftc.gov/PressRoom/PressReleases/pr7654-17

MakersONE

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Activity: 546

Merit: 105

Bitcoin futures. This only indicates a more serious approach to the crypto currency. When earlier every second laughed at this, today they are unintelligible.

Topic: CME Futures are coming! - page 3. (Read 2442 times)