I was sleeping when the markets opened.
Nobody knew what would happen. But it's fairly calm.
BTC is around $16000.
What is a future?
It's an agreement between two parties to deliver a certain commodity/stock in the future for an agreed price.
For Example:
The oil price = $60 a barrel today.
A company want to secure a barrel of oil in the future (let's say April 2019) and is willing to pay $70 for that barrel.
A counterparty is found that wants to take that deal.
Now when April 2019 arrives and the price of a barrel of oil is $150, the company made a great deal because now they can buy the barrel for $70.
But the opposite also applies.
When the price is $30 per Barrel in April 2019 than then the company made a horrible deal.
They have to pay $70 for the barrel that has a market value of $30.
This same principle can now be applied to Bitcoin.
You can trade them here: http://cfe.cboe.com
Future Price March 2018 at the moment: $18.400
I talk about it more in my vlog (starts from 1:03)
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I think we won´t really hear a lot about futures actually influencing the BTC price at all as they are all cash settled at the moment and therefore don´t touch the real BTC market at all. But let´s see what´ll actually happen during the next weeks. For sure we got interesting times ahead of us :)
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I share your concerns about the futures markets being used for manipulation and the recent BTC price run up we've seen could even be whales buying up as much as they can getting ready to dump and then short the market. Also, won't being able to invest in futures reduce the demand to actually buy and own Bitcoin since it's no longer necessary to do that in order to invest?
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It's basically like gambling only with bitcoin prices :)
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It's also like selling stuff. You buy 5 icecreams for 0.50$ each, and then try to sell for 1$. But do you really know that you sell all those icecreams in 5days? Maybe you will sell for less than 0.5$, maybe 0.25$ because nobody is interested in fish taste icecream.
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I only thought of the speculative aspect of it. Nice way to conceptualize how futures work.
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yeah pretty much :)
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Completely OT (sorry(, but didn't realise that Steam was DPOS. Just went reading up on it. Going to slap a vote in since you've been so nice on engagement for my first couple of weeks AND you helped get that app done, which has been really useful. It's why I knew this post was here!
On topic, the futures thing sounds interesting. I wonder how they are going to deal with the absolute mania of the market.
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That is the thing, nobody knows the future...
Good luck to all investing in cryptocurrencies...
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Yeah DPOS all the way :). And glad to read you like the app!
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Wow friend beautiful explanation with examples about the working and awesomeness of bitcoin price in future. Thanks, your every suggestions means great for us. Have a great time friend.
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yup i think bitcoin have great future.
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I'm of the mind that the more volatility will come once their is time for the CBOE and CME Group have put in at least six months of history into this product. Also keep in mind the NASDAQ will also be adding a bitcoin product in the second quarter of 2018.
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Excellent video my friend, well i heard about future markets in commodities before but this is first time i heard about bitcoin future markets, well in my opinion investing in bitcoin futures will be a pure gambling because we all know that bitcoin has so many flaws and once peoples becomes aware about these flaws then we surely see a huge momentum shifted back on other coins and may be on steem, if someone ask me about steem future market then i will be very much interested in it but for bitcoin it's just huge risk, thanks for sharing this information with us, Stay blessed
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Good thing u were sleeping. I was up nd sold mine @ $14,8K :-(
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I always sell gradually did you sell everything?
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Yes...but thanks to Ethereum I recovered my loses this morning. :-)
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$18.40 lol, that's outrageous,..From $16,000 to $18.40 is almost impossible in three months unless the big boys really have something cooking underground..We wait for the future
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Bitcoin has gone up that amount last month. Hardly outrageous.
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Oh, my bad , I read it as $18.40 cents, lol, because of the point (.) you used. We use commas around here ($18,400). Bitcoin could be way above that in three months. Let's wait for the future🙂
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Future is more of a risk hedging tools but is applied more often as a speculation tool in today's market, one can only wonder what is the impact on cryptocurrency especially bitcoin..
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what do you think BTC will GO more and more up i am tyhinking that till the ean of the year it will have a big upward trend and it will hit almost 20 K usd for sure and then it will have a down fall . or bearly it will go up there will be not BULL in the upper trend ?
What are you thinking if i am wrong please guide me in a good way .
thanks@exyle
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I'm in for the long hall. I sell gradually on the way up. But given enough time it will go much higher than this. But it will be a bumpy ride.
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Only time will tell if such market will remain viable.
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I agree.
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@exyle,
Hedge type agreement, I understood it like that by reading your article! Thanks for sharing this update! This silence is not a good sign! A killer storm can be hit anytime!
Cheers~
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Yeah that's it.
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don't ya'll think futures on btc are a paradox? I mean, the crypto world was born to fight again the system that caused the financial crysis in 2008, what do you think? Interest topic btw!
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Nothing we can do about it. I just hope true BTC holders believe in it and stay strong.
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That's a great explanation of what a future is. It is a good thing that bitcoin has entered the derivative market. Hopefully it is good publicity for bitcoin and we will see more fiat money flowing in :)
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Depends also opens a door for manipulation. But let's see time will tell.
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nice. my past experience as stakeholder in useful to understand that ;)
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Great news..If anyone is buying bitcoin, then I can sell you a river.
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Hello friend steem is down because and the SBD is flying hight
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i didnot understand this market and crypto updown but u say something for understanding hope i try it and u share some new posts about it @exyle sir
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awesome news on bitcoin thanks for information.
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so that's how it works you took an great example to simply this thing a lot thanks for todays vlog bro :)
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@exyle thank you for your great post. I am little bit confused about future price of Bitcoin. Bitcoin price is booming rapidly. I think it is unstable situation and it's price will fall also rapidly in future. What about your thinking???
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So the centralized money advocates are trying to hit the volatility of BTC. Will they be successful, I am not sure.
Liked your video @exyle.
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Great but who knows only time can tell !
Thanks for the update buddy !!
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Futures look good at the moment slight increase in prices thanks for explaining a lot about that
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wow so fast , but btc $13,000 , what a hyper increase
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It is very important to share a news with me that we think about bitcoin, think about the fact that your news is really important for them. Bitcoin market is very high, it is necessary to open bitskarea market at all times.
resteem and upvote complate
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Nice post
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Expect rigging and manipulations.
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This is really gonna exacerbate the already manic Bitcoin market... here's hoping it maintains some stability
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This is going to be a tough one, some people might get really lucky and get some cheap bitcoin.
I believe this may lead to market manipulation schemes, especially on Korean Exchanges, just so that someone's unrealistic order is fulfilled.
Also this whole futures system is kind of like Augur(REP), a blockchain-based betting system.
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that is damn true..
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but i think btc go on high in next and good for hold in long term in this condition not safe trading with btc
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Nice 😊
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What is the time limit in future contract? should we buy at least six months before to pay later?
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Hope we have a STEEM Futures in the Future! Was that a pun?
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Good to know, nice info, upvoted :)
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I think also about that @exyle, and i think the reality has come. And thats the reality.
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great News thanks for shereing
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Might be great but who knows only time can tell !
Thanks for the update buddy !
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Thanks man for your great explanation, the way you explain goes, really make me to understand more about, how to trade on btc
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Thanks for the explanation.
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The market seems to have been enjoying this futures thing it pumped up the prices a lot
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this will set the path for the bitcoin to go way up and will open new market opportunities along with increased trust factors around it
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Thanks @exyle for sharing great news regarding bitcoin. Please keep sharing. Thanks
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time to trade some lets hope to do well there
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the market seems to be welcoming with huge rise in prices what are your thoughts on this
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Yes I couldnt believe it. I saw it yesterday night. It was 11 some days ago. Now we should hope that the Steem and Steem dollars would go higher as well in the next days.
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future works on that concept interesting but the losses risk are way higher too
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bitcoin just became a part of a big game how things will turn out
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Some people think this is like a casino. It is not. It is buying and selling and calculated risk, like everything else.
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We don't get that much snow here. I spent 20 winters driving in Minnesota on all season radials without a problem. Be interesting to watch futures trading, but like you, I will not participate. MVG.
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@exyle I am very positive on the future of Bitcoin and I don't think the Futures will sway my thinking................
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we have to be carefull of choosing ghe right time.the future is uncertain. so we havs to make a decession on current situation. and se have to calculate before making ant decession. because our success and faileor depends on it.
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I think most of us are still settled at FIAT and this is the reason I think it won't be able to reach the actual BTC cap at all. Again, predictions don't work these days. And, BTC is rocketing to moon :P Let's watch what happens in 2019. It will be interesting. PS: I converted all my BTC into FIAT in FOMO, when it was around 9k$ - this was my biggest mistake ever.
Meanwhile, I crafted a Beginners Guide to "Dtube" . I hope, this will help others who're starting with @dtube
PS: If sharing my links in posts triggers spam, then please let me know in reply, I will remove it ASAP. (All I want is - to help our community grow)
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Until BTC becomes a little more stable I will not be touching the futures market. Off by a few days and a price swing could crush you. As of right now they only have 3 months available, am I reading this correctly?
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