Fees, the said volatility can hurt you, actually finding a purchase that high and buying low, it's so unregulated that a lot of large money people manipulate the market at their own dime, and pump and dump groups. People absolutely day trade, I just have a real job and don't feel savvy enough to do it
That’s pretty much it. The volatility is really predictable but if you can’t monitor it all day you can get your lunch eaten quickly
All the exchanges are racing to release Bitcoin futures. CBOE has one of the most reasonable contracts i believe the contract size is 1-to-1. Other exchanges (CME and NSDQ) will have futures with contract sizes of 5-1 or 20-1. Anyway, ive asked for clearance to trade and hope to start averaging into my short position soon. Cboe Bitcoin (USD) Futures Product Launch Date and December Transaction Fee Waiver Launch Date Cboe Futures Exchange, LLC (CFE) plans to launch trading in Cboe Bitcoin (USD) (XBT) futures on Sunday, December 10, 2017 at 5:00 p.m. central time for business date Monday, December 11, 2017. The pre-opening periods for XBT futures will mirror those of Cboe Volatility Index (VX) futures. Accordingly, the pre-opening period for XBT futures on Sunday, December 10, 2017 will commence at 4:15 p.m. central time. Cboe Global Markets has issued a press release regarding the launch. Below is a list of the XBT futures expirations that CFE plans to list on December 10, 2017 for the XBT futures product launch and the last trading day and final settlement dates for those contracts. The trading hours for expiring XBT futures contracts terminate at 2:45 p.m. central time on the Final Settlement Date. The Final Settlement Date for serial XBT futures is two business days prior to the third Friday of the month denoted by the ticker symbol. Product Month/Year Activation Date Last Trading Day Final Settlement Date Cboe Bitcoin (USD) (XBT) Futures JAN 18 DEC 10 17 JAN 17 18 JAN 17 18 FEB 18 DEC 10 17 FEB 14 18 FEB 14 18 MAR 18 DEC 10 17 MAR 14 18 MAR 14 18 Waiver of Cboe Bitcoin (USD) Futures December Transaction Fees CFE will be waiving all of its transaction fees for XBT futures in December 2017. CFE plans to implement the following transaction fees for Cboe Bitcoin (USD) (XBT) futures commencing on January 1, 2018: A. CFE TPH Permit Holder Cboe Options trading permit holder1 Non-Cboe Options trading permit holder $0.25 $0.25 B. Customer $0.50 C. Day Trade There is no day trade discount applicable to XBT futures. D. Block Trades $0.50 (Fee is in addition to other applicable transaction fees) 1This rate is also assessed to any CFE TPH permit holder that is not a Cboe Options trading permit holder but is majority owned by a Cboe Options trading permit holder. These fees and the December XBT futures fee waiver are included in an updated CFE Fee Schedule that is posted athttp://www.cboe.com/publish/cfefeeschedule/cfefeeschedule.pdf. More Information CFE Regulation will be hosting an information session related to Cboe Bitcoin (USD) futures for CFE Trading Privilege Holders on December 4, 2017 at 3:30 p.m. CT. Please refer to CFE Regulatory Circular RG17-021 for how to participate in the session. Please contact the CFE Help Desk at or [email protected] or refer to cboe.com/bitcoin for additional information. We appreciate your continued support and will work hard every day to keep earning your business by powering your potential to stay ahead of an evolving market. As always, we are committed to our customers and to making markets better as your partner in trading. CFE Help Desk 877.226.3773 [email protected]
Shorting the main player in a $340 billion market that is estimated to reach the trillions doesn't seem like a particularly good idea, but what do I know.
I just don' see the competitive advantages that bitcoin has. Blockchain will be around, but why bitcoin?
I think the threats from some of the others are legit, but bitcoin has an enormous head start and market advantage at the moment. People know bitcoin, almost all of the trades on these exchanges are in bitcoin, etc. That's a lot to overcome for whatever you like more from a technical standpoint. There might be a time to bet against it, but I'd have no interest in betting that the price will be lower a year from now than what it currently is. Weren't you talking about shorting it a few months ago when it was at like 3k?
If i wanted to short it at $600 I would certainly want to short it at $11,300 right? People are just buying it because its in the headlines. You might not have interest in betting against it over the next year, but i certainly do. Time will be the judge.
I kinda doubt that Joe Smith from New York depositing $100 or $500 into his coinbase account is responsible for the billions of dollars flowing into the market. In unrelated news, found this thread interesting:
Start > All Programs > Microsoft Office > Microsoft Word > New Word Document > Save As “Future Freezing Cold Crypto Takes”
Bitcoin from a political aspect .... Recently (yesterday?) Venezuela announced they were starting their own cryptocurrency to try and evade banking restrictions implemented by the US. Found that interesting, and curious as to how that works out for them.
For serious? And I’m really not trying to be a dick, but there’s no diplomatic way of being honest here and I’m not sure how serious you are about shorting BTC... but a lot of your takes in here and the investing thread seem pretty generalized/generic. Lots of copy and paste from mainstream financial outlets and “this market won’t quit!” (which is hilariously ironic). Shorting something as volatile as BTC based what appear to be at best unrefined, at worst really simple takes... it doesn’t seem like you’ve done much research/have only a cursory knowledge of BTC. I mean, maybe you’re just bloviating and looking for a generic philosophical/theory debate, but if you are going to short BTC, I’m interested in your TA/indicators... I just imagine you getting whipsawed out of most of your positions in the short term and in the long term I think it’s probably a losing bet — and I’m in the short term “bubble” camp. But I guess you’re a professional so... would be really interested to see you post screenshots of your successful trades against BTC.
Yes, im serious. I first heard about bitcoin when it broke $30 or $40. Read the whitepapers, looked into setting up a mining operations with some guys who went to Carnegie Mellon blah blah blah. For several reasons we didn't follow through and obviously it was a mistake, can't win them all. My point is its been a while since I have read all that stuff, but i get the gist of it. But as a trader, my gut instinct is telling me this is a bubble. Its not something im willing to bet the farm on, but if i have a little money and have to pick a side, im going short. You can lose money being long just as easily as you can lose it being short.
I had the iota page up when it was. 80 and decided to wait because I'd have to move over funds another exchange
has anybody done any research into xrp (ripple)? thinking of taking most of my bitcoin and buying into xrp it seems as if it is about to blow up
http://oracletimes.com/5-reasons-to-buy-ripple-xrp-before-2018/ most of my reasons explained. also it has been rumored to be added to coinbase soon
Anyone look into COSS? I read about it few months ago and completely forgot about it until I got a random update about their new UI.
I have quite a bit of it already and was aware of the coinbase rumor. I think it's worth buying as it's one of the few right now with widespread adoption and a use case.
i have a bit of coss i bought a while back. haven't been to their site in a while before just now. it looks fantastic. somewhere else that has wtc too.
What's the deal with all the xrp still being held in trust? That's what still make me hesitant to get in now. If more gets released then shares keep getting diluted
Any of you use something like this? Is there a good one like this for free? https://itunes.apple.com/us/app/crypto-pro-bitcoin-ticker/id980888073?mt=8 *edit* I'm gonna try Blockfolio app.
There are probably 5 articles like this per day, and hardly any of them contain substance. "I've never seen a chart of a security where the price really has a vertical pattern to it. And bitcoin is the most vertical of any pattern I've ever seen in my career," he added. And? Roach suggested that exchange legitimization makes bitcoin "somewhat dangerous" for investors, given what he described as a "lack of intrinsic underlying economic value to the concept." The fact that he thinks this lacks underlying economic value is comical.