BTC Futures trading starts

[RoyBacon]

...later today.

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html

My broker offers commodity trading but it's not enabled. Hopefully get it turned on tomorrow.

I think this could be big.

[Mac4Lyfe]

Germans bomb Pearl Harbor...

[jtoler]

I wonder how scared people will get when it really starts to drop.

[bigbubbafade]

Sounds fuking dangerous. 50:1 margin or more on gold or crude is bad enough.

[bigbubbafade]

Sooooo many newbs will get margin called on swings while the big banks are untouchable with their mountain of fiat currency.

[RoyBacon]

Hard to say.

Over time I think it helps stabilize the market.

I would love to hold more if I could hedge it against a massive loss.

I'd look to sell like a December '18 contract against my stash and get like locked in at $20,000?? Maybe $22,000??

[thomorino]

You can already trade the equivalent of bitcoin futures at books like betonline. I think these financial tools will make trading bitcoin much more volatile, futures are at their core about leverage, and trading futures enables you to buy a lot without putting up much capital.

[shocka1212]

You can already trade the equivalent of bitcoin futures at books like betonline. I think these financial tools will make trading bitcoin much more volatile, futures are at their core about leverage, and trading futures enables you to buy a lot without putting up much capital.

Smallest contract is 5 BTC.......

[thomorino]

Smallest contract is 5 BTC.......

What's your point, futures contracts enable you to control an asset without putting up 100% of the capital. Futures are a tool for leverage.

[jjgold]

Most firms are not offering it right now and you need a minimum of 17,000 just for one contract

[reigle9]

Most firms are not offering it right now and you need a minimum of 17,000 just for one contract

i've read shocka post 5 times that the min contract is 5btc

[jjgold]

Yes

It’s going to be traded very lightly

[Snowball]

What really matters is not the trading at all, but whether contracts
are fulfilled, meaning carried to term and demanding CONVERSION
into REAL BTC by law.
That could make the price explode over 50k.

[RoyBacon]

Not seeing any volume at the CME. Or maybe they haven't started trading?

Anyone have a better link to see BTC futures trading?

[jjgold]

It’s trading on Cboe

XBT

[RoyBacon]

Thanks JJ

17220.00 on 1250 vol. I think that's Jan

Nice gain

[Waterstpub87]

What really matters is not the trading at all, but whether contracts
are fulfilled, meaning carried to term and demanding CONVERSION
into REAL BTC by law.
That could make the price explode over 50k.

This is not true. CBOE is cash settled. Meaning that if held to expiry, the difference between future and spot is settled by money, not by delivery.

"
Why Trade XBT Futures

Settle to a Single Auction Price

XBT futures is a cash-settled contract that settles to a single, tradeable auction price. In designing XBT futures, Cboe leveraged its significant product development expertise to design an instrument that allows participants to implement trading strategies in a manner to which they are accustomed. The single price settlement process gives participants the option of using XBT futures to hedge their exposure in underlying bitcoin or gain exposure to traded bitcoin prices without holding bitcoin."


Same for CME

Settlement Method: Financially Settled

The clearing house is not going to leave themselves open to having to go and physically buy bitcoin or to take delivery of bitcoins. Too messy. Rather just settle it with dollars.

[jjgold]

This is not true. CBOE is cash settled. Meaning that if held to expiry, the difference between future and spot is settled by money, not by delivery.

hy Trade XBT Futures

Settle to a Single Auction Price

XBT futures is a cash-settled contract that settles to a single, tradeable auction price. In designing XBT futures, Cboe leveraged its significant product development expertise to design an instrument that allows participants to implement trading strategies in a manner to which they are accustomed. The single price settlement process gives participants the option of using XBT futures to hedge their exposure in underlying bitcoin or gain exposure to traded bitcoin prices without holding bitcoin."



Its basically only going to be used by institutions

Contract too big for the average joe to trade

Same for CME

Settlement Method: Financially Settled

The clearing house is not going to leave themselves open to having to go and physically buy bitcoin or to take delivery of bitcoins. Too messy. Rather just settle it with dollars.

Its basically only going to be used by institutions

Contract too big for the average joe to trade

[The Kraken]

But it’s the institutions ppl are worried about

Nobody in btc gives a Fukk about the average joe, do care about Goldman Sachs

For now everything seems extremely stable and nothing forecasts that will will change in the next 48 hours

[jjgold]

The coin is basically pwakes out or will say 20,000 is the highest that I’ll ever get


It’s mathematically impossible for it to stay this high

[Sam Odom]

It’s mathematically impossible for it to stay this high

dummy

stop making stupid posts for attention

[jjgold]

Most experts think it’ll come down to $1000 and just trade very stable like other currencies

[The Kraken]

Most experts

Those same experts sat on the sidelines waiting for it to tank

[TheMoneyShot]

The coin is basically pwakes out or will say 20,000 is the highest that I’ll ever get


It’s mathematically impossible for it to stay this high

Most experts think it’ll come down to $1000 and just trade very stable like other currencies

Can a blind man become scared for what he sees?

[grease lightnin]

Lots of interest.

Overloading the system, trading has halted a couple times.

[jjgold]

People don’t understand nothing goes up forever and the price will become a market price investing in bitcoin now is a terrible investment

[Sam Odom]

JJ

your thoughts on a cyclical bear within a secular bull market

[littlekona]

You can already trade the equivalent of bitcoin futures at books like betonline. I think these financial tools will make trading bitcoin much more volatile, futures are at their core about leverage, and trading futures enables you to buy a lot without putting up much capital.

Fairlay has a good selection of BTC futures.....Also I signed up for NADEX binary option trading and they have had for a while pretty cool place with tons of options

[jjgold]

binary options are the poor mans suckers game

You will lose everything...spreads too wide suckers 101

Go put money in real broker and trade penny wide options

[littlekona]

binary options are the poor mans suckers game

You will lose everything...spreads too wide suckers 101

Go put money in real broker and trade penny wide options

yea Nadex is easy for us small timers you can do 50$ binary options w 50cent fee if you win I have yet to do any but they have nice selections and time tables

[The Kraken]

Futures going up, scary proposition. Lets see if the rug gets pulled

[RoyBacon]

Called a few brokers.

So far only found AMitrade and MBtrading(starts dec 18). Min $50k in account to trade these babies.

Etrade and really everyone else is going to evaluate and add if there are no glitches at a later date.

[DwightShrute]

Most experts think it’ll come down to $1000 and just trade very stable like other currencies

[jjgold]

Nadex is good to learn about futures trading, also it is legal in USA
Keep it small

1 Week or less contracts are very hard to beat

Best of luck

[RoyBacon]

Opened an account at MB Trading to trade the BTC futures.

Holy fvvck that was a hard application. Should be dipping my toe in a few days. Waiting on approval. I'll post when I get it humming.