What is with BTC futures? Rate difference.

hastag_80

member

Activity: 392

Merit: 11

The New Pharma-Centric Marketplace

Quote from: miserablehamster on November 04, 2017, 07:06:02 PM

I have noticed that quarterly futures rate on OKEX and BitMEX became markedly different to average BTC rate since October 29. The difference between BTC and its futures had been about $200 up to that moment, but now it's just HUGE (about 500-700 dollars). Does anybody have an idea what is going on?

The btc futures is rise up now, if we make an statistic report of this bitcoin i will rate it now to 85% compare from the beginning that can reach only approximately 70%-75% from its current percentage,near to its target to 100%.since the value of bitcoin now is pump up into the market,soon the other altcoins will next to rise up to and one example of this is ethereum.in this statistic happen now we can predict that bitcoin have a great future and soon will continue its legacy.

Ewox

sr. member

Activity: 812

Merit: 253

There must be some reason why this is happening but for now since BTC is overly pumped obviously all alternate coins are falling down then we should buy some altcoins if we have a spare amount of money to buy back the losses or at least lessen the losses because of btc's pump.

pugman

legendary

Activity: 2383

Merit: 1551

dogs are cute.

Quote from: miserablehamster on November 04, 2017, 07:06:02 PM

I have noticed that quarterly futures rate on OKEX and BitMEX became markedly different to average BTC rate since October 29. The difference between BTC and its futures had been about $200 up to that moment, but now it's just HUGE (about 500-700 dollars). Does anybody have an idea what is going on?

There are few major reasons for this recent exaggerated pump. One, there was rumor stating that Amazon is going to accept bitcoin as payment which ended up to be bullshit lie but at the same time,Amazon purchased a ethereum named domain but ethereum wasn't pumped. Second, a stock market company has decided to introduce bitcoin for future trades.

miserablehamster

newbie

Activity: 4

Merit: 0

Quote from: zekarsalih on November 04, 2017, 07:11:45 PM

imo that indactes BTC is overbought / overpriced compared to the future price of BTC in december.
This might have to do with the Hardfork. Big chance that after the fork happends a lot of big traders and BTC holders
will sell some BTC for alts. People will have the Segwit2x and are more happy to sell the remaining btc. This price decrease
is calculated in the futures contract, but not in the normal one.

https://steemit.com/trading/@kurd/how-to-trade-crypto-with-100x-the-amount-you-actually-own-leverage-trading-100x

I don't think SegWit2x is the general reason. Everybody has been aware of the change for a long time. So if SegWit2x was the matter, the difference would have been increasing gradually since SegWit2x was announced. But it hadn't changed until October 29 and then suddenly sprung from 200 to 500 USD. Thus, I suppose that something important happened on October 29, and I have no idea what that was.

zekarsalih

member

Activity: 167

Merit: 10

imo that indactes BTC is overbought / overpriced compared to the future price of BTC in december.
This might have to do with the Hardfork. Big chance that after the fork happends a lot of big traders and BTC holders
will sell some BTC for alts. People will have the Segwit2x and are more happy to sell the remaining btc. This price decrease
is calculated in the futures contract, but not in the normal one.

https://steemit.com/trading/@kurd/how-to-trade-crypto-with-100x-the-amount-you-actually-own-leverage-trading-100x

miserablehamster

newbie

Activity: 4

Merit: 0

I have noticed that quarterly futures rate on OKEX and BitMEX became markedly different to average BTC rate since October 29. The difference between BTC and its futures had been about $200 up to that moment, but now it's just HUGE (about 500-700 dollars). Does anybody have an idea what is going on?

Topic: What is with BTC futures? Rate difference. (Read 390 times)