Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Nasdaq Plans to Introduce Bitcoin Futures

bloomberg.com

Post reply on HN
Print view View original

51–60 of 368 posts

Re: Nasdaq Plans to Introduce Bitcoin Futures

#51

Post by cdiddy2 »

varbo wrote: post #45
mads wrote: 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'm trying to send $700 in bitcoin to purchase something. It's going to cost me $65 to buy the coins and several hours of time. Of course, I am banned from Coinbase for an innocous bank mistake. There's literally no other options to buy coins at 1-2% in the US.

gemini?

Re: Nasdaq Plans to Introduce Bitcoin Futures

#52

Post by wmf »

varbo wrote: post #45
mads wrote: 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'm trying to send $700 in bitcoin to purchase something. It's going to cost me $65 to buy the coins and several hours of time. Of course, I am banned from Coinbase for an innocous bank mistake. There's literally no other options to buy coins at 1-2% in the US.

Isn't Gemini 0.25%?

Re: Nasdaq Plans to Introduce Bitcoin Futures

#53

Post by ashark »

megaman22 wrote: post #40
mads wrote: 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…

Shit, somebody gave me 0.05 BTC a few years ago to go to a talk about what it was all about. Hopefully I still have that paper wallet, it must be worth close to $500

I got .20-someodd (.28, maybe? Maybe have even been in the .3 range.) years ago from spigots and a very brief experiment with mining, then thoughtlessly formatted right over the damn hard drive with the wallet on it and went "oh well, not like it's worth anything".

Don't suppose there are any low-level wallet-finder tools out there in case it hasn't been overwritten? It's finally worth a couple days to give that a shot on all my old hard drives (I forgot which one it was long ago, which is part of why it hasn't been worth it so far).

Re: Nasdaq Plans to Introduce Bitcoin Futures

#54

Post by swalsh »

londons_explore wrote: post #20

Can an expert explain for the less informed: * Do futures markets typically stabilize the price of a commodity? * Who loses out if a futures contract can't be fulfilled (for example due to lack of liquidity in the underlying market)?

I think it kind of does, in a way. Let's say I go long on bitcoin, but purchase futures that are short on it. If bitcoin plummets, I may lose on the bitcoin position, but the futures I purchased will go up, limiting my losses.

Southwest did something similar with oil a few years ago. Fuel is one of the biggest costs to an airline, so when the price of oil spiked a few years ago, many airlines had to raise ticket prices + add fees to make up for the loss. Southwest, on the other hand, had oil futures betting on the cost of oil going up. When the spike happened, their costs went up too, but they could make up for it with the futures.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#55

Post by chmpgne »

varbo wrote: post #45
mads wrote: 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'm trying to send $700 in bitcoin to purchase something. It's going to cost me $65 to buy the coins and several hours of time. Of course, I am banned from Coinbase for an innocous bank mistake. There's literally no other options to buy coins at 1-2% in the US.

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.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#56

Post by jchanimal »

mads wrote: 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…

Shameless plug for my project from back in the everything is possible days. https://www.wired.com/2014/07/document-coin

Please can we move beyond commodity currency?

Re: Nasdaq Plans to Introduce Bitcoin Futures

#57

Post by mads »

ashark wrote: post #53
megaman22 wrote: post #40

Earlier quoted context omitted.

Shit, somebody gave me 0.05 BTC a few years ago to go to a talk about what it was all about. Hopefully I still have that paper wallet, it must be worth close to $500

I got .20-someodd (.28, maybe? Maybe have even been in the .3 range.) years ago from spigots and a very brief experiment with mining, then thoughtlessly formatted right over the damn hard drive with the wallet on it and went "oh well, not like it's worth anything". Don't suppose there are any low-level wallet-finder tools out there in case it hasn't been overwritten? It's finally worth a couple days to give that a sh…

After I upgraded, I gave my Xeon Workstation to my Mother and actually kept the miner running when I gave it to her. She complained it was a bit slow, when she used Photoshop, so I turned the miner off and she was happy. There must have been something like 300 or 400 coins in that wallet.

I should ask her if she still has it next time I see her, but I am pretty sure she threw it in the garbage.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#58

Post by sushid »

varbo wrote: post #45
mads wrote: 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'm trying to send $700 in bitcoin to purchase something. It's going to cost me $65 to buy the coins and several hours of time. Of course, I am banned from Coinbase for an innocous bank mistake. There's literally no other options to buy coins at 1-2% in the US.

Gemini and Kraken are just two I can list from the top of my head.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#59

Post by jdironman »

wmf wrote: post #52
varbo wrote: post #45

Earlier quoted context omitted.

I'm trying to send $700 in bitcoin to purchase something. It's going to cost me $65 to buy the coins and several hours of time. Of course, I am banned from Coinbase for an innocous bank mistake. There's literally no other options to buy coins at 1-2% in the US.

Isn't Gemini 0.25%?

I just tried registering with them and the reg page is down for maintenance.

Re: Nasdaq Plans to Introduce Bitcoin Futures

#60

Post by goldenkey »

varbo wrote: post #45
mads wrote: 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'm trying to send $700 in bitcoin to purchase something. It's going to cost me $65 to buy the coins and several hours of time. Of course, I am banned from Coinbase for an innocous bank mistake. There's literally no other options to buy coins at 1-2% in the US.

Im also banned from coinbase for asking them to hurry my verification because I needed to buy vitamins. They are a pretty miserable company. How can they claim to sell something "useful" then ban you if you mention using it? They basically are admitting to selling a security if that is the case..wondering if we could take all the nonsensically banned users and do a class action lawsuit against them. It would be one thing if I said drugs but I didnt. They banned me for fucking vitamins.
Post reply on HN