I Was Worried About the CME Bitcoin Futures Market Until Now.
Two days ago I sat and had lunch with Trace Mayer and he told me my worries about the CME were unsubstantiated. Today I listened as Tone Vays explained why the CME will have less of an impact than we think.
I now feel much better about Bitcoin in 2018 than I did prior to arriving in Bogota, Colombia for LaBitConf 2017.
Bitcoin 😂 = +11000$ WTF
Over $15k now!
Thank you for your opinion, up to a certain point, of course, fears for the fate of Bitcoin have always occurred, but futures trading seems to me to be the official recognition of US Bitcoin! Thank you for the video @hilarski
exactly. this legitimizes cryptos for the mainstream which will only push the values higher. WALL STREET and the CME will NOT and more importantly CANNOT fundamentally change bitcoin. They are looking stupid because they cozied up to the central banks and now this whole new, global, organic, free (you know what I mean) system is lose and they didn't participate. And yes, you have to understand the difference between price and value!!!!
the CME Bitcoin Futures Market post is nice, you say right, your Bitcoin discription is nice,
In my opinion futures can only affect badly for BTC in 2018.
Very interesting post. Some ideas from my economic studies at university:
The fact that they don't have real bitcoin doesn't really matter. The future will be negotiated on a regulated and opern market and probably CME volumes will be really better than Exchange volumes. So, in the market, people will psicologically be influenced more by future than by realt BTC. I study economy and this is normal for evry real asset that has a future. Wen you open television and they talk about oil price, they don't say "oil at the saudi oil camp is...." but they say "future's prices are...". So with CME futures some big market shocks can be trasmitted to Bitcoin.
What will be banks-Future relation?
So, pay a lot of attention. Surprises are really, really possible.
Hope for the best, prepare for worst :D
That was my original worry. I am not as worried as I was prior to talking to the guys.
I believe that tecnically what you said in the video is correct.
But personally i believe that bitcoin price will be moved by the future market because it will be the merket under all word's eyes.
Then, we also have to consider that future will be based on a index of prices based on exchanges Bitstamp, GDAX, itBit and Kraken. So the reference market won't be as big as the whole bitcoin market and will be itself easier manipulable than all the BTC market.
PS: you can find official CME announcement with exchange list here http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html
maybe you already know the link, but I imagine some users will find this info useful :D
bitcoin is fly fly haha
well sir if u ask my opinion if u want to do long term investment then u should go for monero or Zcash....this currencies have lower market capacities and monero is quite a famous currency too so probability of monero is highest after bitcoin.... ones bitcoin hits a higher values people will look for alternate ways....Investing in the currency is more like investing in collectible people r buying them coz there are less of the out thr if i had alot of money i would buy something rarer than something with alot of market capacity....If ur a long term investor u should know the meaning of increasing demand thats the main thing happening in the market right now it will sure make few currencies reach top of the market..
btc hits 10k euro :D
awooooooooooooooooooooooooooooooooooooooooooooooooooo
CME Group will launch Bitcoin futures, based on the CME CF Bitcoin Reference Rate (BRR), on December 18, 2017, building off of the success of the BRR and demand for a regulated trading venue for the digital asset market.
feel free to read here..
Your opinions about the bitcoin and CME group future venture gives us more strength to go with BTC. Thanks for your support.. @hilarski
Yup....Bitcoin going moon.
I see the digital currency can skyrocket, and also can go free, like steem and sbd, why be so? .. because I have interpreted a currency is an honor for the currency itself. why do those who have parties do not seek a way to maintain that honor? whether it has been designed a certain politics?
Great video conversation @hilarski. I think BTC will rise up more onwards. BTC is great investment currently.
Thanks sir for the information 👌😲 Will rise more than $ 20,000
The Cryptocurrency is inevitable in the future
Thanks for this information as I am reading, watching, learning and cheering crypto currancies on.
Awesome and good news! Did you meet Aaron Koenig there as well? Have a safe trip home, all the best from Berlin.
I sure did, we partied like Rock Stars last night at karaoke.
oh, that's good... thank you @hilarski I was worried about bitcone in 18. now, i feel good.
The CME will have less of an impact since it's not buying the underlying asset (BTC) directly. Most futures contracts are settled in cash before they expire.
I do think something that would have a much larger effect on BTC is approval of a Bitcoin or cryptocurrency ETF as it would purchase BTC/other cryptocurrencies directly.
Yes i told you bitcoin will skyrocket:)
But in 2018, alo Nasdaq
I think you with great experience in the market of crypto currency are not afraid, you can already guess what will happen to bitcoin in the future. And take the right actions.
the listing of Bitcoin on CME and CBOE on 10/12/2017 are very postive news for the growth of bitcoin for the long trem
really appreciated, your Advise video was really right, thanks for sharing. waiting for next one
Interesting. I'm still skeptical that a big correction is on the horizon, but I wouldn't be totally out of Bitcoin either
Nice video. Bitcoin is going higher. CME is not going to stop this. Gold and Silver are manipulated, but this is not the same.
Very interesting the labitconf i watched some by youtube i learned some new things about btc and how people is working on it. Regards friend
I can learn a lot about steam by posting your bitcoin and learn so much thanks for sharing it.
Thank you for sharing your points. No worries with bitcoin investment. I really like bitcoin movement. Its giving great return investment for us.
I'm glad it won't do much to impact the markets. Don't want something slowing down the Bitcoin train!
Bitcoin is growing so faster.. in 1 week reach 2 times ATH.. before new year we will see more..
Bitcoin and steel to the moon. The future will be massive💪
Hi Mr. Hilarski, I'm a big fan of you. Congratulations on Maximus. I wrote this article a few weeks ago and I would love to have your opinion. I agree with your feelings about Bitcoin Futures. Please give me your feedback on it.
https://steemit.com/bitcoin/@melip/the-bitcoin-game-of-manipulation-dare-to-think-outside-bitcoin
Thank you!
Thank you @Melip!
@hilarski I have been seeing so much FUD about CME that I had started to panic. Thanks for putting my mind at ease :)
Even I wasn't quiet sure about Bitcoin in 2018 after the Futures Trading, and its impact on Bitcoin.
Now $13,000! This is crazy. How high is this going to go?
Good insight. I guess only time will tell but i feel your right on track =)
This is exellent news
Thanks for the information
Fabulous one!!!
Hold BTC and ETH ... it's just the beginning
the great description....
thank's for shating@HILARSKI
Yes....1000% agree with you... @hilarski
Btc is green green green....
I'm always trust btc and steem can change mt future...specialy I'm hold btc and steem for my family future...
Thank for sharing smart videa with us...
Cheers~~~
@hilarski,
This is a very interesting topic and a nice video! According to you 2018 is a good year for BTC! That would be a good news and thanks for sharing such useful video with us!
Cheers~
Congratulations @hilarski
Exceptional video with lots of useful information to all crypto traders and holders...!!!
50% Upvoted by @MinnowsPower
@hilarski - Sir today I read some bad review about BTC :( They said most of 99Bitcoins.com said are lies.... No good idea about it, but want to hear you opinion in upcoming days too Sir.... Nice video & very informative post you shared Sir....
+W+ [UpVoted & ReSteemed]
if btc drops again, this is how it feels us. impressive video & nice post @hilarski
@resteemia
reteemed & upvoted & commented & followed
Wow! Bitcoin is going +++++ and now at +11000
$12,461
yes we can expect to see more on next year for sure...
nice video @hilarski
Cheers!
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