Just as a data point — as of this posting, the volume is a whopping... 828.
CBOE exchange website down minutes after releasing Bitcoin futures
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Re: CBOE exchange website down minutes after releasing Bitcoin futures
#22Just as a data point — as of this posting, the volume is a whopping... 828.
Trading just started and CBOE is not nearly as big and as active as CME.
Also, trading volume for futures in general is pretty low. You're rarely going to see volume above 100k a Sunday night. Coffee futures have around 23k volume right now.
Re: CBOE exchange website down minutes after releasing Bitcoin futures
#23Just as a data point — as of this posting, the volume is a whopping... 828.
Trading just started and CBOE is not nearly as big and as active as CME. Also, trading volume for futures in general is pretty low. You're rarely going to see volume above 100k a Sunday night. Coffee futures have around 23k volume right now.
I’m well aware, it was meant as a data point for anyone not aware who could possibly think for a second their public website going down has anything to do with demand :)
Re: CBOE exchange website down minutes after releasing Bitcoin futures
#24Earlier quoted context omitted.
Trading just started and CBOE is not nearly as big and as active as CME. Also, trading volume for futures in general is pretty low. You're rarely going to see volume above 100k a Sunday night. Coffee futures have around 23k volume right now.
I’m well aware, it was meant as a data point for anyone not aware who could possibly think for a second their public website going down has anything to do with demand :)
Ah! Ok makes sense.
Re: CBOE exchange website down minutes after releasing Bitcoin futures
#25All your resources needed for today's Bitcoin Futures Launch on CBOE: CBOE Chart Updates: http://www.cboe.com/delayedquote/advanced-charts?ticker=XBT%... CBOE XBT - Bitcoin (USD) Futures Table: http://www.cboe.com/delayedquote/futures-quotes Cryptonaire live forecast updates: https://cryptonaire.com Bloomberg Live Coverage: https://www.bloomberg.com/live/us CMC for BTC indexing including non-US pairs: https://coinmar…
Loving the throwaway handle
Re: CBOE exchange website down minutes after releasing Bitcoin futures
#26Ok, so these bitcoin futures let people bet on the future bitcoin price without actually owning any bitcoins, without having any actual stake in the actual market. (these futures are settled in cash, so nobody ever has to deliver any actual bitcoins)
That seems to be an ultimate insult and revenge of the finance industry toward the original idea behind bitcoin.
I am again amazed how the finance industry gets to have their own tax-free casinos (where they play the game of I win / You loose with other peoples money) while ordinary gambling addicts have all kinds of rules to play by and taxes to pay when they need a fix for their habit.
That said, I also fail to see why any sane person would want to play this specific bitcoin futures casino. Even at current market cap, the bitcoin price seems to be easily manipulated by a few "bitcoin whales", so it would seem the odds are stacked heavily against these new wannabee bitcoin investors. It seems like a new way to make even more money for big bitcoin traders.
I'm grabbing popcorn.
Re: CBOE exchange website down minutes after releasing Bitcoin futures
#27Earlier quoted context omitted.
Actually the gas prices are way down. Its working fine for me
Looks like it is clearing up a bit. Had been waiting in excess of 48 hours for a token transfer. wasn't confidence inspiring.
You can use https://ethgasstation.info/ to determine the best gas price to use.
Re: CBOE exchange website down minutes after releasing Bitcoin futures
#28Ok, so these bitcoin futures let people bet on the future bitcoin price without actually owning any bitcoins, without having any actual stake in the actual market. (these futures are settled in cash, so nobody ever has to deliver any actual bitcoins) That seems to be an ultimate insult and revenge of the finance industry toward the original idea behind bitcoin. I am again amazed how the finance industry gets to have…
> That seems to be an ultimate insult and revenge of the finance industry toward the original idea behind bitcoin.
I don't think you need to pass any sort moral judgement about the existence of this. Cash-settled futures exist for almost all traded commodities (oil, gold, pork bellies at one point...)
Re: CBOE exchange website down minutes after releasing Bitcoin futures
#29Ok, so these bitcoin futures let people bet on the future bitcoin price without actually owning any bitcoins, without having any actual stake in the actual market. (these futures are settled in cash, so nobody ever has to deliver any actual bitcoins) That seems to be an ultimate insult and revenge of the finance industry toward the original idea behind bitcoin. I am again amazed how the finance industry gets to have…
I thought the original idea of Bitcoin was to be a currency and make fiat money obsolete. The finance industry is simply acknowledging that it’s a speculative asset and mostly interesting for its volatility, something that fits well within its longstanding frameworks.
Re: CBOE exchange website down minutes after releasing Bitcoin futures
#30Ok, so these bitcoin futures let people bet on the future bitcoin price without actually owning any bitcoins, without having any actual stake in the actual market. (these futures are settled in cash, so nobody ever has to deliver any actual bitcoins) That seems to be an ultimate insult and revenge of the finance industry toward the original idea behind bitcoin. I am again amazed how the finance industry gets to have…
> That seems to be an ultimate insult and revenge of the finance industry toward the original idea behind bitcoin. I don't think you need to pass any sort moral judgement about the existence of this. Cash-settled futures exist for almost all traded commodities (oil, gold, pork bellies at one point...)
Not my moral judgement, I think the creator of bitcoin was quite explicit in his (or her) disapproval of the finance industry and governments inflating the economy by injecting large amounts of money, and went on to create a currency with a fixed supply. It is ironic these futures are effectively leveraged bitcoins, needing central trust. I'm pretty sure Satoshi would not approve.
That said, I do question the value of cash settled pork belly futures when you are not going to buy or sell any actual pork belly in the future. If I were to write tax law, I'd tax it the equivalent of casino tax, at least.