im not sure if you're serious, but dodgecoin is the monopoly money of CC. Its only intention of creation is for the LOLz. But like anything, its value is whatever someone is willing to pay.
The "fad" nature of Dogecoin ensures it will die out even only if kept alive by a small devoted group way longer than it should have been.
Question for those who understand Bitcoin futures; The general consensus seems to be shorting Bitcoin is a bad idea. How does this really effect Bitcoin? I do not see it having a significant impact. The consolidation of wealth happened a long time ago. To me, this seems like a new whale has entered the market. Would this not push the original whales to something like BCC and start mining that chain instead since they can manipulate it more?
So that's a no. Actually I was. Was wanting to throw a little into an alt, but will probably go with XRP then.
Essentially, yes. In the case of your link, it's the January 2018 contract which will expire on January17th (the Wednesday before the 3rd Friday of each month). There are also futures for February and March: http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures Basically, the price of the future is the market's best guess of the future price. If you believe it'll be higher on that day, you buy the future and you get or lose the cash difference between the actual price on that date and the price you bought at (it's a little different, but that's the basics). If you believe it will go lower, you short the futures and have the opposite. The benefit of futures is that (a) you don't have to bother buying the underlying asset and (b) you can generally leverage yourself a bit easier, though I think most places have pretty high margin requirements since Bitcoin is so volatile. And in bitcoin's case, (c) you don't have to learn how to deal with the ins and outs of owning bitcoin, wallets, etc. That said, the idea that it makes it easier for retail investors isn't really true because retail investors don't really trade futures. The real effect will be if this opens the door to open-ended bitcoin ETFs or Mutual Funds (there's at least one bitcoin fund out there now, but it's a closed-fund so it doesn't trade at its correct value). If/when those funds come online, that will open the door to your regular joe being able to buy bitcoins in their IRA or whatever. (I've never actually traded futures, so the mechanism may be a little more complex than I describe, but the net result is the same. Lets say January futures are trading for $16,000. You might pay $3000 for a future. If it closes at $18,000, you end up with $5,000 total. If it closes at $10,000, you're going to end up with -$3,000 total.)
@astros123 Rip man, maybe should rebuy in just to get some gains before it gets to 18k again. Bulls make money, bears make money, pigs get slaughtered.
Depends. Future could hold 80-100k BTC, right? Not getting in at 16 is foolish, then right? I wouldn't say an alt coin takes any thunder until it's in a designated spot too. SIL
Trading this is a 24 hours job, how do banks think they can staff a regular set up? This will need 3 traders per 24 hours. It's bananas. SIL
I feel like ETH is about to cook. I'll buy another share here at $463. Seeing some massive 80-90 size lots swinging. SIL
It is interesting that this thread has been active. Whereas the stocks thread has been dead for quite a while on Clutchfans.
Futures market is functioning at really low volume right now, so I imagine this will be a regular occurrence for a while. The futures market only really works if there are enough participants to keep it stable.
