Live data from Hacker News

Nasdaq Plans to Introduce Bitcoin Futures

bloomberg.com

141–150 of 368 posts

Re: Nasdaq Plans to Introduce Bitcoin Futures

#141

https://twitter.com/officialmcafee/status/935900326007328768 Well John McAfee thinks bitcoin will hit 1 million by 2020.

Pump and dumpers gonna pump and dump. https://medium.com/@DEFCON_2015/why-mgt-was-delisted-from-ny...

Or, large investment banking houses will step in and create naked shorting opportunities to inflate sell pressure creating 'death spirals' to drive prices down and scoop them up and extreme discounts. This happens in the traditional public markets everyday.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#142
post #90
post #82

Earlier quoted context omitted.

For the record Coinbase is adding 100k users a day. So people need to dial down the expectations...

I would be surprised if Coinbase didn't get sued because of their bad service... locking people's money when the market is going crazy.

This is (as someone who hasn't played around with bitcoin much) something I've been curious about. How easy is it to get significant amounts of bitcoin turned into cash? This is particularly applicable at a moment like the present. If I had, say, 25 bitcoins that I wanted to trade into dollars _right now_ what hurdles stand in my way, and how long would it take to clear them?

Re: Nasdaq Plans to Introduce Bitcoin Futures

#143
post #35

Man, this is just weird. I just bought 0.05 Bitcoins (you know FOMO and all that) and it just feels so much more empty than back in the days when I mined them myself with my brand new dual Xeon CPU and later on was thinking grand thoughts and building little projects with epaper ink displays to display QR codes on small devices that would work on low bandwidth connections and maybe offline. Lots of problems to be sol…

I also remember the early Bitcoin days. I didn't get any until over $100 but I came across it before it was worth anything. I remember the faucets, the alpaca socks, the triumphant day when a bitcoin reached parity with a dollar, all of it. It was a glorious, happy community of idealists back then.

Those days are gone for Bitcoin, but I've found a cryptocurrency community elsewhere that reminds me of those early Bitcoin days. I jumped in full-time and I'm having a blast.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#144
post #55

Earlier quoted context omitted.

Bitcoin itself is being harmed by the core developers who refuse to do anything to address the insane fees: bitcoin needs more bandwidth and throughput in its blocks, classic supply and demand. Bitcoin cash or something like etherium are worth a look at. Bitcoin cash, as the name implies, holds the value that bitcoin should be able to be used as electronic cash.

No one is interested in the centralized bcash. It is a crypto in name only.

Bitcoin is Bitcoin Cash. We immediately restored the ability for Bitcoin to be adopted with low fees and fast confirmations by using 8 MB blocks.

The median income for the world is $6/day. High fees are unaffordable and unadoptable. The Core team has done Bitcoin an enormous disservice; like setting autopilot into the terrain.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#145

Earlier quoted context omitted.

He might be rude, but honestly a company should be expected to deal with rude customers. It is their job to do deal with slightly rude customers, and I don't think they should be banning anybody for something so small as "being asked to go faster".

The rudeness can't have helped, but I'd imagine the "I desperately need my 'vitamins' that can only be bought with Bitcoin" bit is what got the account flagged.

It actually was vitamins from a foreign shop that took international payments thru bitcoin. I could have shown them if they wanted proof. However they never let me have any recourse. Just instaban, goodbye. As hard as it might be to believe its their job to remain professional. And they failed at that. My account didn't get flagged - I got outright banned- lets not mince words. Coinbase is ran by a bunch of assholes.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#146
post #35

Man, this is just weird. I just bought 0.05 Bitcoins (you know FOMO and all that) and it just feels so much more empty than back in the days when I mined them myself with my brand new dual Xeon CPU and later on was thinking grand thoughts and building little projects with epaper ink displays to display QR codes on small devices that would work on low bandwidth connections and maybe offline. Lots of problems to be sol…

I also remember the early Bitcoin days. I didn't get any until over $100 but I came across it before it was worth anything. I remember the faucets, the alpaca socks, the triumphant day when a bitcoin reached parity with a dollar, all of it. It was a glorious, happy community of idealists back then. Those days are gone for Bitcoin, but I've found a cryptocurrency community elsewhere that reminds me of those early Bitc…

Which community?

Re: Nasdaq Plans to Introduce Bitcoin Futures

#147

Tulip bulbs anyone?

I'm taking it you are mad you didn't get in early, huh lol?

I don't know about him but I'm mad.

Of course I'd have to have got in early and had the balls not the sell, not lose the keys, not get hacked and not leave them on an exchange, for years.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#148

Earlier quoted context omitted.

Segwit is used in a small fraction of transactions[0] and SegWit2x was cancelled. While the price has skyrocketed the actual transaction rate has barely moved[1]. [0] http://segwit.party/charts/ [1] https://blockchain.info/charts/transactions-per-second?times...

All that demonstrates is that people dont care that much about txn fees. If they did, they would create segwit wallets.

How can we count votes of people who don't have the money for a single transaction fee? I thought Bitcoin was supposed to be better because it was the cheapest?

Re: Nasdaq Plans to Introduce Bitcoin Futures

#149

Earlier quoted context omitted.

Well, OP could just ask about mailing cash, instead of using Bitcoin ;) And do recall that OP has been banned by Coinbase, and doesn't want to pay over 1-2% fees. So they're a rather special case.

The 3% fee here is the same as a credit card but without any of the benefits, since a credit card nets you purchase protections, extends the manufacturers warranty, 2% or more in cash back and you don't have to pay it off immediately, and it also clears in seconds instead of hours. And the merchant pays the fee not you. Am I missing something?

OP specified Bitcoin, so hey. Maybe there's a reason. OP?

Re: Nasdaq Plans to Introduce Bitcoin Futures

#150
post #88

Earlier quoted context omitted.

> But as a store of value, it's actually pretty good. It's got a pretty short, volatile history to be deciding that.

Over the past ~7 years, the price has increased by ~10^5. There have been some bubbles, for sure. But all that has paled over the past year. The price could crash, certainly. Still, if futures become available, it could spike a lot higher before it does.

How much did the value of Peter Thiels Facebook stock go up since he initially invested?
Post reply on HN