Hopefully it can reduce volatility a bit and gives altcoins some room to breathe.
By the way, I've checked the bitcoin contract specs, will be settled in cash:
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html
RE: Bitcoin Trade Update: Fear of Heights.
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Bitcoin Trade Update: Fear of Heights.
thanks tradealert, Sunday evening should be pretty exciting from now on...
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Indeed :)
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BTW.. CBOE will have go into the Bitcoin markets 24x7 to hedge all the short Future contracts they must make a market on. So assume 99% of investors are still long bitcoin and buy the futures. CBOE will all the short Futures contracts since they will be the other side of the trade. So they must go to the markets and winklevoss and buy bitcoins everyday in volume and during off hours which should put positive pricing pressure in real bitcoin market. At least that is what I think for the first week or two. My problems is that I do not want to tie $7-8K margin per contract.
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Very interesting, thanks for sharing your thoughts @traderdad
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