The futures trading will incorporate ‘circuit breakers’ where in they will cease trading if the price hits +/-7%. I feel like a lot of people here don’t know that.
Posted Dec 10, 2017, 8:02 PM UTC
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a lot of people here dont know a lot of things.
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-/+ 7% of what? value, have they seen the gains over the past week!
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What does that mean? Will that be fore CBOE, cme? Or both?
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I know its definately CME, not sure about CBOE but they will definately have it too, just not sure on the percentages.
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Because people think the futures trading is an exchange platform, solely for people from Wall Street and other big firms where all investors are going to short, while also dumping all coins on the exchanges where they allegedly bought them this whole year.
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Yep, a lot of folks don’t understand, they base their knowledge on hype, rather than learning the facts.
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People also don't understand that all futures are settled in cash, not in Bitcoin.
People also don't understand that you need a long position for every short position.
People also don't understand only a handful of brokers will have access to these futures at this time.
This is not going to be the end of Bitcoin, it's not going to crash either. Wall Street can't magically go short for a 100 billion plummeting the price down.
Yeah when I first heard of the futures market opening, I thought institutions would have to secure coins for contracts. That’s not the case, it’s purely a contract for a value change. I’d say it’s almost like a derivative
People can go short on 100 billion if there is 100 billion going long, maybe not from the start but in time as the futures become better known it can.
If an entity wanted to manipulate the market they can buy a shed load of actual bitcoin before the launch (or at arms length) so they can influence the market. It would be daft to do this early on since it’s likely a cashcow for the future but should prices level off we can bet some are going to be tempted to do this.
The fact the price has been rallying so quickly makes me suspect there are a few players doing this... it’s not like they wake up one day with billions to randomly invest in this new crypto thing they just heard about.
Unfortunately we have a lot of sofa economists on this form.