Bitcoin Forum

Economy => Trading Discussion => Topic started by: Sage on March 25, 2013, 04:54:18 AM



Title: Bitcoin Position Trades In The Commodities Markets
Post by: Sage on March 25, 2013, 04:54:18 AM
Did I miss something, or are there really no current platforms for trading commodities in Bitcoins other then Gold and Silver?



Title: Re: Bitcoin Position Trades In The Commodities Markets
Post by: MPOE-PR on March 25, 2013, 09:58:38 AM
MPEx introduced a wide selection of futures (http://polimedia.us/trilema/2012/futures-on-mpex/) three months ago. (Eurodollar on CME - X.IEDG, Nasdaq 100 index on CME - X.INDQ, Nikkei 225 index on CME - X.INKG, S&P 500 index on CME - X.ISP5, WTI on NYMEX - X.EWTI, Natural Gas on NYMEX - X.ENGG, Heating Oil on NYMEX - X.EHOG, Corn on CBOT - X.ACOG, Soybeans on CBOT - X.ASBG, Wheat on CBOT - X.AWHG, Cocoa on ICE - X.ACCA, Live Cattle on CME - X.ALCG, Gold on COMEX - X.MGCG, Silver on COMEX - X.MSIG, Copper on COMEX - X.MHGG, Platinum on NYMEX - X.MPTG)

December settlement is here (http://polimedia.us/trilema/mpex-futures-december-2012-settlement). Post mortem is included in MPEx' January (http://polimedia.us/trilema/2013/mpoe-january-2013-statement/) statement, misc. section:

Quote
The non-DIFF, IMM dates settled futures are going away. There's currently nobody holding as much as a single contract, there hasn't been a single trade against the entire lot of them in a month (more, really). They just make no sense, financially or economically : on one hand they reflect a divestment from BTC, and nobody in BTC wants to divest BTC, on the other hand they reflect an investment in the commodities of the real world, and nobody really gives a crap about those. Moreover, the BTC/USD signal is much stronger than whatever weakly movement they may have of their own, so to most everyone it makes better sense to simply get PUTs. C'est la vie.


Title: Re: Bitcoin Position Trades In The Commodities Markets
Post by: Sage on March 25, 2013, 10:07:07 AM
What am I missing?

http://mpex.co/

I only see a few BC stocks, BC difficulty, and BC options trades.

Where do I find these others?  And how to trade on this platform?


Title: Re: Bitcoin Position Trades In The Commodities Markets
Post by: Bitcoinpro on March 25, 2013, 10:53:03 AM
if someone had a futures bet on the price of bitcoin being higher than 50 dollars on the 23rd, they lost that


Title: Re: Bitcoin Position Trades In The Commodities Markets
Post by: Atruk on March 25, 2013, 11:06:58 AM
What am I missing?

http://mpex.co/

I only see a few BC stocks, BC difficulty, and BC options trades.

Where do I find these others?  And how to trade on this platform?


http://mpex.co/faq.html (http://mpex.co/faq.html)


Title: Re: Bitcoin Position Trades In The Commodities Markets
Post by: MPOE-PR on March 25, 2013, 01:15:02 PM
if someone had a futures bet on the price of bitcoin being higher than 50 dollars on the 23rd, they lost that


There were plenty of option contracts open, both long and short BTC.


Title: Re: Bitcoin Position Trades In The Commodities Markets
Post by: Sage on March 25, 2013, 01:52:01 PM
What am I missing?

http://mpex.co/

I only see a few BC stocks, BC difficulty, and BC options trades.

Where do I find these others?  And how to trade on this platform?


http://mpex.co/faq.html (http://mpex.co/faq.html)

30 Bitcoins to register?  And I'm not even given a full market list, nor the volumes before registering?  Not even a GUI?

What are the freakin numbers?  How many traders on this platform?  What are the volumes? And where can I get a full list of the available markets?


Title: Re: Bitcoin Position Trades In The Commodities Markets
Post by: MPOE-PR on March 26, 2013, 08:40:52 AM
And I'm not even given a full market list, nor the volumes before registering?

Not sure what you're talking about but the full market is displayed both on the site and via the jsons.

Not even a GUI?

MPEx is not intended for the casual user, it's the actual BTC financials exchange. You probably want to talk to a broker.

How many traders on this platform?

At least a few hundred (http://polimedia.us/trilema/2013/mpex-paid-accounts/).

What are the volumes?

Seriously, have you looked at the site? What would you think labels such as "Day/Mon Volume" or "30day Total Volume" denote, if you had to guess? Have you read the FAQ? What would you think stuff like SHaresVolume and SAtoshiVolume in the jsons could be? Have you talked to the irc bots (http://polimedia.us/trilema/2013/the-many-ways-available-for-talking-to-mpex/)?


Title: Re: Bitcoin Position Trades In The Commodities Markets
Post by: Sage on April 10, 2013, 05:09:27 AM
I'm getting errors on both the OS and Windows builds at: https://github.com/Azelphur/pyMPEx

I'm not a techie person.  Is there something somewhere that walks me through how to get setup to actually trade?