Nasdaq Plans to Introduce Bitcoin Futures

Post by mrb » Thu, Nov 30, 2017, 1:36 AM UTC

mirimir wrote: post #88

ceejayoz wrote: post #50

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.

Post by westurner » Thu, Nov 30, 2017, 1:44 AM UTC

chollida1 wrote: post #10

My guess is that this is probably pretty meaningless. There are a few things going against them. - The CBOE and CME are both much larger futures exchanges and are going to be offering futures first - since you can't net out futures contracts from different exchanges this means they tend to become winner take all > One way Nasdaq seeks to differentiate itself seems to be in the amount of data it uses for pricing the d…

Post by knownothing » Thu, Nov 30, 2017, 1:47 AM UTC

goodside wrote: post #153

knownothing wrote: post #122

Earlier quoted context omitted.

Yes. But I already stated that in my response. We do not know the future and you shouldn't trust anyone who tells you differently. My point is that there have been skeptics and people saying it's a bubble or too volatile for nearly all of Bitcoin's history. But if you bought BTC and held it--at any high or low, for any significant amount of time--you made a lot of money (either realized or unrealized, that doesn't ma…

> But if you bought BTC and held it--at any high or low, for any significant amount of time--you made a lot of money (either realized or unrealized, that doesn't matter). This isn't entirely true. If you bought Bitcoin anywhere near the height of the late-2013 mania (which is of course a lot of people, since that's why the price was so high), you lost half your value within a month or two and then had to hold until 2…

Post by lsseckman » Thu, Nov 30, 2017, 1:51 AM UTC

bochoh wrote: post #163

So here's a scheme that could be used to wildly profit in the fiat market. If you're what is considered a bitcoin "whale" holding millions worth of the currency you would just setup a short on bitcoin futures. Then you initiate a large sell from a well known whale wallet. This would trigger a large sell as stop losses are triggered. Profit then re-buy the dip.

Post by amenghra » Thu, Nov 30, 2017, 1:53 AM UTC

cwkoss wrote: post #151

swalsh wrote: post #46

Earlier quoted context omitted.

I've always been a negative detractor of bitcoin. But then I realized the problem was it was marketed wrong. As a currency, it's a nightmare of a creation. But as a store of value, it's actually pretty good. As long as you don't buy in at one of the speculative bubbles (which admittedly is when the majority of people get in), it's been pretty good at more or less maintaining its value. As a non-physical thing, it's a…

I think you're right. I think a lot of people hear "Digital Currency" and think 'something like Apple Pay', when Bitcoin's competition is closer to ACH/wire transfers. It's not a tech that everyone needs to use, and most people will pay an expert to use it for them. But if successful, could be a valuable medium for receiving payments from low-trust entities. For example, if a stock exchange accepted Bitcoin for fundi…