Futures market for bitcoins

[gmk80]

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.

[gmk80]

Apparently http://bitoption.org is a futures market, albeit a nascent one. Good to know.

[Jonathan Ryan Owens]

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]

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!

[FractalUniverse]

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 ..

[Fireball]

will it be leveraged?+ shorting possibility?

Yes of course.

[shakaru]

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]

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]

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]

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.

[Fireball]

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

[bcpricemsia]

Some friendly advice 

Before going into Bitcoin Futures, always learn the ropes of traditional institutionalized investing.

I wrote a quick blog post to help understand what Futures are and how this works for Bitcoin

You can check it out here: https://www.bitcoinpricemalaysia.com/blog/bitcoin-futures-good-or-bad/