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tm-mojo (25)in #bitcoin • 7 years ago
RE: What do the introduction of Futures Products really mean for the price of Bitcoin?
sorry yes, "at these date" - Thanks. I believe CME contract offers the front 3 months and a 6 month date. Not sure the CBOE contract specs exactly. Relative to options…
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tm-mojo (25)in #bitcoin • 7 years ago
RE: What do the introduction of Futures Products really mean for the price of Bitcoin?
The futures are cash settled, low interest rates, no cost of carry, would suggest futures and physicals trade in line. Futures market gets pounded and physical price comes down…
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tm-mojo (25)in #bitcoin • 7 years ago
RE: What do the introduction of Futures Products really mean for the price of Bitcoin?
You might get a lot of gold traders to agree with you!
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tm-mojo (25)in #bitcoin • 7 years ago
RE: What do the introduction of Futures Products really mean for the price of Bitcoin?
Futures also have an expiry date. I will be interested to see the spread between the physical price and these dates. In traditional futures markets, (exception for equity…
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tm-mojo (25)in #bitcoin • 7 years ago
RE: What do the introduction of Futures Products really mean for the price of Bitcoin?
Hard to argue that. The shorts will have the balance sheet to stomach the losses on the way up.
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tm-mojo (25)in #bitcoin • 7 years ago
RE: What do the introduction of Futures Products really mean for the price of Bitcoin?
If anything the introduction of a futures product further legitimizes the asset class with the regulators, both CFTC and SEC .. because I agree that drastic action against the…
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tm-mojo (25)in #bitcoin • 7 years ago
RE: What do the introduction of Futures Products really mean for the price of Bitcoin?
I agree if the hodlers continue to hodl. Issue many would raise are the new market entrants that may not be accustomed to a 100 vol product and bail out on the first 2000 point…
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tm-mojo (25)in #bitcoin • 7 years ago
RE: What do the introduction of Futures Products really mean for the price of Bitcoin?
Both futures products will be cash settled, basis the physical spot exchanges (Gemini for CBOE, and an index for CME). Somewhat ironic given that a BTC is probably the easiest…
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tm-mojo (25)in #bitcoin • 7 years ago
RE: What do the introduction of Futures Products really mean for the price of Bitcoin?
That's right. Margin calls are settled based on the closing physicals price (CBOE is basis Gemini and CME is based on index. Big moves on the physicals price will affect the…
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