Get ready for some extreme volatility, even by Bitcoin's standards.
In less than 5 hours, we are going to see Bitcoin futures products introduced for the first time.
The CBOE will be the first to introduce such products and even they say that they expect things to be volatile at first as they have hiked margin requirements to a minimum of 40%, which is much higher than just about any other asset.
Interactive Brokers will have a minimum of 50% margin requirements and won't allow people to take short positions initially.
The futures contracts will be cash-settled based on the auction price of bitcoin in dollars on the Gemini exchange, owned and operated by the Winklevoss twins.
You may have heard of them, those bitcoin billionaires that were on the "losing" end of that whole Facebook debacle...
Will this make bitcoin go up or down?
That is the question on everyone's mind.
On the one hand these products will open bitcoin to many more investors than ever before, specifically the institutional kind. Allowing them to be involved in bitcoin without actually having to create a digital currency account.
On the other hand, it will allow people to take short positions in bitcoin in a much larger way than ever before.
Over the long run, allowing shorting in a meaningful way as well as getting large institutions involved will ultimately help with price discovery and with reducing volatility.
It is just not clear at what price point that might be. It could be $10, $1000, $10,000, $100,000+ or any number in between.
However, in the short term, it is not clear exactly what will happen.
Judging by the volatility in the last 12 hours of trading already, we might have an idea of what is to come...
Bitcoin hit $12,500 and $15,500 all within a couple hours of each other.
Get your popcorn ready ladies and gentleman, things are about to change in a very meaningful way in less than 5 hours.
Stay informed my friends.
Image Source:
https://pixabay.com/en/rocket-red-orange-fireworks-461750/
Follow me: @jrcornel
yeaahhhh ..interesting times ahead.
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Based on my research, bitcoin futures have nothing to do with bitcoin. It is a way to take bitcoin's wealth away from us into a worthless system. Stick with what we already know, which is bitcoin.
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If there is a way for the Banksters to corrupt BTC, be sure they will find it and exploit it.
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So its just fiat bets on the price of bitcoin they are not actually buying or selling any bitcoin and therefore cannot effect supply or demand and so cannot effect price.
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That's where you're wrong, unfortunately. Manipulation is real so if they are placing bets against Bitcoin for hundreds of millions they can make their outcome happen by dumping the real Bitcoin. Say a group of 20 hedge funds/or even individuals came together to place a bet against BTC at 20K, they all have $100M shorts on CBOE equalling 2 billion. But before they did that they bought 25M worth of REAL BTC through GDAX, GEMINI, etc. They dump their 500M worth of BTC, win the options trade and then keep placing higher bets which will allow them to manipulate more and more BTC.
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This makes me want to convert my Bitcoin to Steem. I have been speculating the same scenario..
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If any exchange creates any type of asset or contract people will try it.
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Nobody knows what is gonna happen but, the sure thing is that this is gonna be the next source of speculation, once that Chinesse are out, and I think this could be a bad thing for crytpo because they are melting with the people that had alwayd created bubbles, which could affect very much bitcoin and cryptos in general.
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https://steemit.com/bitcoin/@alhmali/history-of-bitcoin
hello there dear i follow you and upvotes you also you think will help
don't forget follow me @alhmali steemit people said it may help for these new here with steemit so what do you think do so and upvotes me as well
and this is for you it may help you to make moeny with tready at bitcoins you need just chick then do one click to open these Links have a nci day seeyou there
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Indeed, has nothing to do with actual BTC or even its price movement. It will simply allow to place bets based on what is happening with the price action of BTC. They are using prices from existing exchanges so the only problem I see is if they try to buy out the majority of BTC and manipulate it that way while also placing bets on the outcome on CBOE/CME which would require hundreds of billions on dollars, which only the government can feasibly do.
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https://steemit.com/bitcoin/@alhmali/history-of-bitcoin
hello there dear i follow you and upvotes you also you think will help
don't forget follow me @alhmali steemit people said it may help for these new here with steemit so what do you think do so and upvotes me as well
and this is for you it may help you to make moeny with tready at bitcoins you need just chick then do one click to open these Links have a nci day seeyou there
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The holder of the futures will probably hedge by owning BTC, so I think we can expect a greater degree of volatility as more players enter the market.
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*---- Bitcoin to Da Moon!
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https://steemit.com/bitcoin/@alhmali/history-of-bitcoin
hello there dear i follow you and upvotes you also you think will help
don't forget follow me @alhmali steemit people said it may help for these new here with steemit so what do you think do so and upvotes me as well
and this is for you it may help you to make moeny with tready at bitcoins you need just chick then do one click to open these Links have a nci day seeyou there
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https://steemit.com/bitcoin/@alhmali/history-of-bitcoin
hello there dear i follow you and upvotes you also you think will help
don't forget follow me @alhmali steemit people said it may help for these new here with steemit so what do you think do so and upvotes me as well
and this is for you it may help you to make moeny with tready at bitcoins you need just chick then do one click to open these Links have a nci day seeyou there
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Really?? Things have been so calm around here.
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So, if the futures hit the breakers/fuses - that won't/shouldn't change anything on the exchanges. Kinda seems to defeat the purpose if the "real" market continues while the futures market is frozen...
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I think smart investors will wait for the first expiration date to go through, so they can get a sense of what the "futures" will look like. I think initially you will see more of the high risk speculators take the 1st crack at these futures. Too much uncertainty at this time for more conservative investors. However, this will help with mainstream adaption of BTC and other alts, as well as increase liquidity.
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https://steemit.com/bitcoin/@alhmali/history-of-bitcoin
hello there dear i follow you and upvotes you also you think will help
don't forget follow me @alhmali steemit people said it may help for these new here with steemit so what do you think do so and upvotes me as well
and this is for you it may help you to make moeny with tready at bitcoins you need just chick then do one click to open these Links have a nci day seeyou there
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Thanks for info jr! Keep on laying it down man, you are a great source of important bitcoin news and a fine currator of the available news stories out there.
resteemed
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Not sure about all that, but thank you for the kind words! :)
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there gonna be a lot of options to eat some shorts if you know what I mean
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That's hillarious
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This will carve out a path for the true big-time: ETF's!
https://steemit.com/bitcoin/@xsid/bitcoin-futures-meh-the-real-deal-is-etf-s
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So far the futures price action has been tepid and uninspriing
https://steemit.com/btc/@davebrewer/xbtc-trading-opens-at-cboe-big-shorts-nope-slight-up-tick-in-btc-price-in-the-initial-futures-contracts
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I'll have my popcorn and sharing the moments with you
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Heres a link if anyone wants to watch this kick off
https://www.cnbc.com/quotes/?symbol=BTC.CB=
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initial results are tepid
https://steemit.com/btc/@davebrewer/xbtc-trading-opens-at-cboe-big-shorts-nope-slight-up-tick-in-btc-price-in-the-initial-futures-contracts
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The futures went live at 5 Eastern
So far the price action has been tepid. Small uptick in price. That's it
https://steemit.com/btc/@davebrewer/xbtc-trading-opens-at-cboe-big-shorts-nope-slight-up-tick-in-btc-price-in-the-initial-futures-contracts
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Wall st - what do you want with us!?!?!
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Clif High is predicting an implosion in the entire futures market! He claims their attempts to contol Bitcoin will backfire spectacularly and then flow through to gold and silver futures!
Interesting times lay ahead.
Make sure your Bitcoins are safely stored in your hard wallet!👌
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That would be interesting. I don't see it as attempts to control it, but more like attempting to broaden it's investor base.
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not even close -- futures is a way to short -profit on the way down , while still going long on their btc holdings ...
they can own Btc which they wont sell but will make money on futures
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It's will attrack speculators like flies on horseshit...
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where did you get this ?
I subscribe to his service I must have missed it --thx
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This a great time to be in crypto all the way around board . But with that being said I do believe that the bitcoin futures launch will just be a way for THEM to manipulate the price like they’ve done with uranium and gold for so long . Us as bitcoin holders must stand strong to OUR price and not let it be dictated.
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BITCOIN FUTURES TRADER:
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What I picture most bitcoin disbelievers look like
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BTC has hit a record high of $17,000.00, but with the high transaction fees on blockchain I doubt if the current $16,000.00 price per BTC will prevail. Be that as it may, a selected few have made a fortune from this price surge. But has it crossed your minds on the drastic evolution of cryptocurrencies now in circulation? Please do lots of research before you put your hard earned money on any of these digital currencies. Lots of fraudsters out there taking advantage of the unsuspecting investors.
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Man I wish I would've purchased some bitcoins earlier
https://steemit.com/bitcoin/@awesomeblog/bitcoin-drops-to-usd13k-in-red-day-for-crypto-markets
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Impressive the data that you have written us in your post, we will see the market in the next days thanks for the information @jrcornel
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Bitcoin & DASH for FREE https://steemit.com/bitcoin/@blockchain-news/bitcoin-for-free-daily-free-coins-and-token-btc-dash-lc-pwr
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It will tank... get into something stable
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thanks...
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i think that there will be a huge correction for the price , because people haev buy due to the CME and CBOE events without understading what this mean
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pumpin price btc. this is about crypto politic
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It is going to be interesting. I believe in power of blockchain. I hope they will not win this war.
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Thank you for the information but I expect it to go short, but I am not to worried about that. I am going to have a bath and then settle down with my popcorns.
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We long term investors dont have to worry about this 😁
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I thought this was happening December 18th. What did I miss?
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CBOE is today, CME is the 18th.
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Ahhh, thank you.
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Already happened. A non-event in first 90 minutes
https://steemit.com/btc/@davebrewer/xbtc-trading-opens-at-cboe-big-shorts-nope-slight-up-tick-in-btc-price-in-the-initial-futures-contracts
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Yuppers.
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As you know, futures trading is nothing but opening bets on bitcoin to rise or fall. Bitcoin itself, won't be affected as much as people believe. It'll be more volatile, ok. but in the long term bitcoin is a sure winner.
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Alright a time!!
Thanks for the update brotha I'll resteem :D
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I Know Your Account So Fair..
You are Duper Steemit User.
I like Your Every Blog Post..
So support Me..
Keep Up
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Do you think is time to hold btc right? I'm new in all this ahaha
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Wow this is a big time event. Great analysis!
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Going UPPP right meow
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Jesus. Went up a bunch, then down a bunch a few mins later. Never seen this kinda action before. Twilight zone.
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It mostly didnt budget much
https://steemit.com/btc/@davebrewer/xbtc-trading-opens-at-cboe-big-shorts-nope-slight-up-tick-in-btc-price-in-the-initial-futures-contracts
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BTC: $9,000 Wednesday afternoon
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Nothing should happen because of this. It's all just being blown out of proportion. Too much Fud mucking up the system.
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I posted about this the other night after over-hearing (eavesdropping) on a conversation at bar down by Wall St, between a young guy who was obviously heavily into bitcoin and an older gentleman who was more into futures and the traditional market... After listening, the only thing that was clear, was that they had NO IDEA how this would pan-out. I guess we will know shortly...
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This is the power of the crypto world bruh
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Absolut ly BTC is out of control
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Bitcoin is positioning itself for another big run, if it breaches $17,000 will most likely head up quickly towards $25,000, on extended FOMO. Futures will be the deciding factor, imho
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dont know what will happen...but its very surprising ...it grow upto 3000$ in just few hours......
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Is this another one of those bogus products by the financial worlds?
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This is just a beginning !!! Bitcoin has lots of potential to grow and get into mainstream adoption !!!
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steemit me follow me as i do follow you and upvotes you to there my dear frind at Steemit here you are @alhmali follow me upvoets me as well and so on we can learn from eachothers
and people said you could make money from this Link dwon there just have a look then you need to do chick c and you have to click on easy to regster at it
http://autopilotbitcoinfunnel.com/?userid=alhmi22
https://www.coinbase.com/join/53c9f13be4445b0837000001
https://bitconnect.co/?ref=Alhmali
also we can do will with steemit as people sugeess
I urge users to share their links more on Reddit in the relevant subreddits. Some of them may have weird names on Reddit, but many are similar to the tags we use here as well. I will be regularly checking on posts through the domain link above that get some good attention and views from Reddit to curate them more fairly on Steemit.
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https://steemit.com/bitcoin/@alhmali/history-of-bitcoin
hello there dear i follow you and upvotes you also you think will help
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dear friend @jrcornel
thnx for your information you shared
with us.. really this post is very important all steemit user and
every crypto lover
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Okkk
Follow by follow,and follow if you want upvote your posts
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In view of my examination, bitcoin prospects have nothing to do with bitcoin. It is an approach to remove bitcoin's riches from us into a useless framework. Stay with what we definitely know, which is bitcoin. @jrcornel
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Heres a connection on the off chance that anybody needs to watch this commence
https://www.cnbc.com/cites/?symbol=BTC.CB=
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Congratulations @jrcornel!
Your post was mentioned in the hit parade in the following category:
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This is a very good news. Thank you for giving this information.
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You can bet that many of the Altcoins are going to fly way on UP too when this and others get moving - see this post - https://steemit.com/crypto/@davemanchester/getting-into-altcrypto-as-they-all-rise
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We live in fast and interesting times indeed... better not get distracted.
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Now bitcoin will go super fast up!
With the futures no one is crazy enough to sort this!!!
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Trust me, Bitcoin price has nothing to do with Bitcoin future. No matter what the dip end of the day bitcoin will rise again :)
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Popping now with extra butter!
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@jrcormel Great things ahead for all of us!
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excellent update ... thanks for sharing this and we await more updates of such. seems maybe this is why most other altcoins are in the red including bch and btg!
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