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CBOE exchange website down minutes after releasing Bitcoin futures

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Re: CBOE exchange website down minutes after releasing Bitcoin futures

#61

Post by csomar »

ycombobreaker wrote: post #60
csomar wrote: post #8

I wonder if they are getting DDOS'ed. Many crypto exchanges do get DDOS'ed before a big move. It is the nature of the beast since these market are not regulated and the "elite" guys operating on it think this is how free markets work (whoever has the most toys win).

The CBOE website is separate from the trading system. Futures in the US are regulated by the CFTC. There is no reason to believe that this is manipulation. As others have mentioned, it is likely that their website is simply getting hugged by the Internet due to the new contract.

I know that, but DDOSers target everything even if it doesn't stop operations.

I also think some bitcoin exchanges are using this model too. Bitfinex trading did not stop when their website went down the last time.

Re: CBOE exchange website down minutes after releasing Bitcoin futures

#62

Post by decentralised »

narrator wrote: post #4

And here I thought it was Bitcoin that had scaling issues. Someone should make a futures market for Bitcoin on the Ethereum block chain settled in ETH just for irony.

The trading that happens on exchanges is done off-chain.

Re: CBOE exchange website down minutes after releasing Bitcoin futures

#63

Post by base698 »

bob_theslob646 wrote: post #41
shit-show wrote: post #11

All 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…

This comment is the exact reason why I cringe when anyone mentions anything related to trading. Notice, he/she did not link anything related to how the future contract works? How can you trade something you do not understand? I would be fired the first day if I couldn't explain to my boss how the instrument/contract was constructed. How do you think quants model? First they understand how the contract works If they m…

> What I Learned Losing A Million Dollars, the protagonist makes a big discovery. He remarks that a fellow called Joe Siegel, the most active trader in a commodity called “green lumber” actually thought that it was lumber painted green (rather than freshly cut lumber, called green because it had not been dried). And he made a living, even a fortune trading the stuff! Meanwhile the narrator was into theories of what caused the price of commodities to move and went bust.

Re: CBOE exchange website down minutes after releasing Bitcoin futures

#64

Post by freeone3000 »

Xixi wrote: post #49
adsfasdf2332 wrote: post #31

Earlier quoted context omitted.

I think the consensus in the bitcoin community is that it won't have any effect and Bitcoin will continue chugging along as it has. It was mainly the bears saying the futures would increase shorts on bitcoin. Can't imagine anyone in their right mind would short bitcoin right now though...

Futures were initially invented for hedging: imagine you own 1000 BTC and for any reason (liquidating, etc.) you don't want to make any P&L (profit and loss) on these => you sell futures contracts for 1000 BTC. What you gain on one side you lose on the other, so your P&L will be 0 (minus fees, you can think of these as a sort of insurance). This is useful for instance for a fund that needs to neutralize its positions…

The futures contract seems to be less liquid than bitcoin, though - you still have to trade it, and there's fewer buyers.

Re: CBOE exchange website down minutes after releasing Bitcoin futures

#65

Post by joezydeco »

So what keeps one of the so-called "whales" with massive balances from buying a huge amount of put orders and then tanking the market with a huge afterhours sell just before the execution date?

Buy the coins back at the depressed price, and you could do this every month like clockwork.

Re: CBOE exchange website down minutes after releasing Bitcoin futures

#66

Post by HankB99 »

joezydeco wrote: post #65

So what keeps one of the so-called "whales" with massive balances from buying a huge amount of put orders and then tanking the market with a huge afterhours sell just before the execution date? Buy the coins back at the depressed price, and you could do this every month like clockwork.

(Not a trading whiz.) Is there anything in this strategy that would prevent any other trader from piggybacking on the swings and making money? I could it see it working the first month but I think a lot of other traders (perhaps with better trading equipment - think HFT) would be prepared and could split the available profit in subsequent months.
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