Everyone giving you any kind of price prediction is completely talking out of their ass and just hoping for a btc repeat based on the growing market. Not sure whether you read my posts on ETH in the past few weeks. It will do good short-term because of name-recognition, but has severe issues that need to be worked out and don't have any solution right now, especially scaling- and security-wise. Do I think it will do good in 2018? Yes. Price prediction? Impossible.
A tiny few are solid and will likely survive, but it's a pure lottery to guess the right ones. Litecoin for example is one that I can maybe survive and ADA if it works out as proposed. Monero if the feds don't declare it illegal and reduce it to trading on shady markets.
It's funny reading CC stuff posted in early 2017. Basically, no one was right. No one will be right. I think piecing it in layer by later conservatively is still best. I'll pick up some more Ripple & Eth, see where BTC is after futures and get some. Then stick back to Dollar cost averaging. SIL
This. The overall prediction trend has turned out way too pessimistic up til now, but everyone is obviously (and probably healthily) still incredibly weary of crypto and its future. Know I for example did a presentation on Bitcoin back in early 2013, but didn't believe in this at all. Missed out on a ton of money because of this blunder, but you wise up I guess.
That's one of the most fun aspects to trading alt coin as far as I'm concerned. There is no such thing as after hours.
The sentiments are somewhat true, but his reasoning is actually wrong. The futures are cash settled, so the involved parties aren't gaining any bitcoin from doing this. So Square for example wouldn't improve their stock anyhow by playing with the futures, they'd have to go to traditional exchanges and fiddle with the price there.
can someone explain this to me as someone who isn't a trader https://www.cnbc.com/quotes/?symbol=@XBT.1&tab=news so the futures price is what the futures market expects the actual price to be some time in the future? how far into the future?
It varies. It’s one of the considerations when pricing a futures contract. Derivative pricing is heavily reliant on the time aspect.
