Bitcoin Forum
December 04, 2016, 04:16:31 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Futures market for bitcoins  (Read 1870 times)
gmk80
Newbie
*
Offline Offline

Activity: 14


View Profile
June 12, 2011, 02:34:32 PM
 #1

Is there something analagous to a futures market for bitcoins? So that I could, say, contract to sell bitcoins in September for $25, or buy them in December for $20?

This would take some of the volatility out of the market, and reduce the risk for a miner who wants to buy a bunch of rigs, but wants to hedge his future revenue to match his capital investment in case of a market crash or to offset the volatility.

There are several different types of Bitcoin clients. Server-assisted clients like blockchain.info rely on centralized servers to do their network verification for them. Although the server can't steal the client's bitcoins directly, it can easily execute double-spending-style attacks against the client.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480824991
Hero Member
*
Offline Offline

Posts: 1480824991

View Profile Personal Message (Offline)

Ignore
1480824991
Reply with quote  #2

1480824991
Report to moderator
1480824991
Hero Member
*
Offline Offline

Posts: 1480824991

View Profile Personal Message (Offline)

Ignore
1480824991
Reply with quote  #2

1480824991
Report to moderator
1480824991
Hero Member
*
Offline Offline

Posts: 1480824991

View Profile Personal Message (Offline)

Ignore
1480824991
Reply with quote  #2

1480824991
Report to moderator
gmk80
Newbie
*
Offline Offline

Activity: 14


View Profile
June 12, 2011, 05:36:13 PM
 #2

Apparently http://bitoption.org is a futures market, albeit a nascent one. Good to know.
Jonathan Ryan Owens
Donator
Sr. Member
*
Offline Offline

Activity: 392



View Profile WWW
June 12, 2011, 06:06:33 PM
 #3

Is there something analagous to a futures market for bitcoins? So that I could, say, contract to sell bitcoins in September for $25, or buy them in December for $20?

This would take some of the volatility out of the market, and reduce the risk for a miner who wants to buy a bunch of rigs, but wants to hedge his future revenue to match his capital investment in case of a market crash or to offset the volatility.



Like the previous reply said, the answer is yes. There's no volume, and almost nobody participating in that market right now. It's a bit premature. Perhaps it will see adoption in the next few months, but for now, it is indeed nascent.

Fireball
Hero Member
*****
Offline Offline

Activity: 673


View Profile WWW
June 20, 2011, 02:40:22 PM
 #4

FYI, I'm working on a real futures contracts exchange. It's in the stage of active development, but takes time. I will post the progress occasionally on the forum. Also testers will be needed to test the market. If anyone is interested - please let me know.

Update: https://icbit.se/ - the futures market is now live, welcome!

Margin trading platform OrderBook.net (ICBIT): https://orderbook.net
Follow us in Twitter: https://twitter.com/orderbooknet
FractalUniverse
Full Member
***
Offline Offline

Activity: 136



View Profile
June 20, 2011, 04:29:42 PM
 #5

FYI, I'm working on a real futures contracts exchange. It's in the stage of active development, but takes time. I will post the progress occasionally on the forum. Also testers will be needed to test the market. If anyone is interested - please let me know.

hi
that sounds good.

will it be leveraged?+ shorting possibility?
i think i can test but it depend on how much i would have to invest ..

BitFinex.com Leveraged BTC and LTC trading. Fee discount code: wm8ibCC9Ve
BEST bitcoin mining pool: https://bitcoin.triplemining.com
my ORBitcoin address: oRXnDBdL75vuTmWi45UX7GiscwaDmSRgLS
Fireball
Hero Member
*****
Offline Offline

Activity: 673


View Profile WWW
July 30, 2011, 06:43:41 PM
 #6

will it be leveraged?+ shorting possibility?

Yes of course.

Margin trading platform OrderBook.net (ICBIT): https://orderbook.net
Follow us in Twitter: https://twitter.com/orderbooknet
shakaru
Sr. Member
****
Offline Offline

Activity: 364


View Profile WWW
July 31, 2011, 10:08:48 AM
 #7

GLBSE has the option to trade futures. Talk to Nefario more about it. He is the creator of that site. Also a mod here. Very well trusted. Very helpful person.

Also, while it is much harder, you could just make a PGP (or gpg?) signed contract in #bitcoin-otc. I would highly suggest the first as GLBSE does add some legitimacy.

PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518



View Profile
July 31, 2011, 09:35:49 PM
 #8

I'm meeting some people tomorrow who run a "prediction" site locally who are thinking about adding BTC to their site.  They are licensed as a futures market/trader so could do it.
done
Jr. Member
*
Offline Offline

Activity: 56


View Profile
July 31, 2011, 10:19:09 PM
 #9

http://forum.bitcoin.org/index.php?topic=33092.0

We are looking for beta testers atm. You will be able to wager hourly on bitcoin prices.
Nefario
Hero Member
*****
Offline Offline

Activity: 602


GLBSE Support support@glbse.com


View Profile WWW
July 31, 2011, 11:28:48 PM
 #10

bitoption is for options, not futures. And yes anyone who wants to start doing futures on GLBSE I'll help out as much as possible.

Nefario.

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
Fireball
Hero Member
*****
Offline Offline

Activity: 673


View Profile WWW
December 14, 2011, 09:48:20 PM
 #11

Putting here a reference to the new topic about development of the real futures market for bitcoins.

The topic is here: https://bitcointalk.org/index.php?topic=50817.0
Link to the website is here: https://icbit.se

Margin trading platform OrderBook.net (ICBIT): https://orderbook.net
Follow us in Twitter: https://twitter.com/orderbooknet
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!