CME Futures are coming!

[Maren]

It will probably play out similar to gold futures which are ATM the defacto price discovery mechanism for gold. Other precious metals work the same way too, but gold is the most prominent. I can see the BTC futures market baloon to 40x-100x bitcoin market cap with big players trying to take money from each other.

Since the futures will be much more liquid than the actual bitcoin market and much larger, since they are derivatives, the futures will become the go-to price check.

[superlative]

If the futures price is $5k and the spot price is $10k, I will sell my Bitcoins in the spot market and buy in the futures market. When the trades are settled, I will buy again in the spot market, netting a neat profit. Millions of others will do this. This is one reason why your strategy won't work.

How does this affect the price of bitcoin?  What you're saying seems to imply that the US$ will be affected not bitcoin.  I suppose if you own a lot of bitcoin and you flooded the market just to buy the futures contract, that would tank the price?

[MakersONE]

Bitcoin futures. This only indicates a more serious approach to the crypto currency. When earlier every second laughed at this, today they are unintelligible.

[worldwide100]

Government regulator: We're going 'to make sure' new bitcoin futures are not manipulated.

Federal oversight of bitcoin futures aims to preserve the integrity of the contracts, a CFTC official tells CNBC.
https://www.cnbc.com/2017/12/06/government-to-make-sure-new-bitcoin-futures-are-not-manipulated.html

CFTC Statement on Self-Certification of Bitcoin Products by CME, CFE and Cantor Exchange
http://www.cftc.gov/PressRoom/PressReleases/pr7654-17

[fatalbert]

I posted this as a topic so sorry if against rules for double post. Feel free remove. Just trying help.



We need to spread the word and F Wall st.

Futures are going to start trading on it Sunday night. These futures are cash settled. This means they are not connected to BTC in anyway. Like 0.0000%. They are just trading fiat aka making fiat bets on BTC's actual price. So they have endless fiat dollars to short their futures down to $0.

But here's there beauty. If tons of us stay HODL and completely ignore the futures price, futures price can be down 50% and BTC on say coinbase can be plus 20%. This would be all over the evening news and expose Wall St. for the sham it is.

Spread the word.

Example: Someone makes a billion $ bet BTC will be $5,000 Dec 31st. They are trying to effectively short BTC. If BTC on coinbase/exhanges is $10,000 on Dec 31st. This person who made the bet just has to pay the difference between $5,000 (their bet) and BTC physical price of $10,000. So they owe $5K in fiat.

It's a way to manipulate a currency/asset etc, because people think the futures is an actual price or indicator. It is neither, it is a bet is all.If everyone stayed HODL, Wall. St. would get destroyed.

If the futures price is $5k and the spot price is $10k, I will sell my Bitcoins in the spot market and buy in the futures market. When the trades are settled, I will buy again in the spot market, netting a neat profit. Millions of others will do this. This is one reason why your strategy won't work.

This is true. But heres the rub. When you go to make that arbitrage play, where are your coins to sell? You can't short BTC physical. So you can't make that arbitrage play. Now if you have the coins on hand already then yes......And if that's the case, Wall St. needs to buy pretty much every physical coin there ever was made to prepare for these arbitrage plays and or hedging.

I'm not pretending to know the outcome as it will sure be a wild west for the 1st month. But if say 1/2 the coins are HODL, gonna be tough for Wall St to hedge $200B futures market with actual coins/physical.

[saycryptohello]

Yes, Futures affect the market. American Exchanges can do manipulations with bitcoin price because futures will be controlled by the exchange. The important fact, futures will be buying/selling for dollars, that means we can lose a "sense" of cryptocurrency because bringing back to dollars.

[superlative]

Yes, Futures affect the market. American Exchanges can do manipulations with bitcoin price because futures will be controlled by the exchange. The important fact, futures will be buying/selling for dollars, that means we can lose a "sense" of cryptocurrency because bringing back to dollars.

F $US.  Shame on anyone who sells out bitcoin for something worthless.

[Freddyclose]

all that will necessarily impact the market, create an additional demand

[vv181]

Every time a crypto is listed on a new market, it spikes given the increase in liquidity that's entering that market, so the opening of Bitcoin futures is insane in the sense of the amount of money that will start flowing into Bitcoin.

[worldofcoins]

Government regulator: We're going 'to make sure' new bitcoin futures are not manipulated.

Federal oversight of bitcoin futures aims to preserve the integrity of the contracts, a CFTC official tells CNBC.
https://www.cnbc.com/2017/12/06/government-to-make-sure-new-bitcoin-futures-are-not-manipulated.html

CFTC Statement on Self-Certification of Bitcoin Products by CME, CFE and Cantor Exchange
http://www.cftc.gov/PressRoom/PressReleases/pr7654-17

So if this is True, you guys should be buying as much as you can right now lol.  you guys are scared.  Winklevoss also confirmed my prediction to a 100 million dollar bitcoin.  Keep speculating and before the whales come in you will miss out.

[Red-Apple]

the hype of the news seems to be nearly over now and price finally stopped rising after a very long rally. and that is all the effect you are going to get for the "pre-news date" and that was already big enough.

for the actual date when the markets start. the result will depend on how much manipulation is going into those market and also how effective the manipulation is. i say it won't be that effective.

[rommelzkie]

Is there a chance that the the bitcoin futures price will be used a standard price for bitcoin?

[ipsum100]

In this next two weeks we will see what influence it has

[HabBear]

Well the repercussions are clearly shown in terms of the price of bitcoin.

Too much hype, which is causing literally everyone to call bitcoin to be a bubble, just like the real estate bubble back in the day.

Stupid people want to pump the price so badly, gain the attention and boom ruin the whole thing after some time. Don't want stock market people to come play with bitcoin now, seriously.

The crypto world is much better without the likes of them. But fucking no one can do anything 'bout it. 

Wow, so you really think the CME and CBOE involvement is bad?!

I think it will only be good for Bitcoin. And let me explain to you how this will work, because I think you may be misinformed.

Futures transactions will happen via the futures market the CME and CBOE use. The buy and sell transactions are cleared through their network. These transactions will not hit the blockchain, therefore the daily volatility of futures contracts won't directly impact the price of Bitcoin.

What will influence the Bitcoin price is these investment firms (or individual investors) having to buy and hold Bitcoin as reserves to back some of the futures transactions. If you're selling a covered put (for example) you need to own Bitcoin to cover the sale. Instead of individual investors buying Bitcoin and holding it with these investment firms, the investment firms will likely buy Bitcoin to hold as reserves for the transactions.

This futures business should create more buy and hold investors.

[kabit9]

I posted this as a topic so sorry if against rules for double post. Feel free remove. Just trying help.



We need to spread the word and F Wall st.

Futures are going to start trading on it Sunday night. These futures are cash settled. This means they are not connected to BTC in anyway. Like 0.0000%. They are just trading fiat aka making fiat bets on BTC's actual price. So they have endless fiat dollars to short their futures down to $0.

But here's there beauty. If tons of us stay HODL and completely ignore the futures price, futures price can be down 50% and BTC on say coinbase can be plus 20%. This would be all over the evening news and expose Wall St. for the sham it is.

Spread the word.

Example: Someone makes a billion $ bet BTC will be $5,000 Dec 31st. They are trying to effectively short BTC. If BTC on coinbase/exhanges is $10,000 on Dec 31st. This person who made the bet just has to pay the difference between $5,000 (their bet) and BTC physical price of $10,000. So they owe $5K in fiat.

It's a way to manipulate a currency/asset etc, because people think the futures is an actual price or indicator. It is neither, it is a bet is all.If everyone stayed HODL, Wall. St. would get destroyed.

If the futures price is $5k and the spot price is $10k, I will sell my Bitcoins in the spot market and buy in the futures market. When the trades are settled, I will buy again in the spot market, netting a neat profit. Millions of others will do this. This is one reason why your strategy won't work.

This is true. But heres the rub. When you go to make that arbitrage play, where are your coins to sell? You can't short BTC physical. So you can't make that arbitrage play. Now if you have the coins on hand already then yes......And if that's the case, Wall St. needs to buy pretty much every physical coin there ever was made to prepare for these arbitrage plays and or hedging.

I'm not pretending to know the outcome as it will sure be a wild west for the 1st month. But if say 1/2 the coins are HODL, gonna be tough for Wall St to hedge $200B futures market with actual coins/physical.

This is pretty sound logic to begin with.   If 1/2 the coins are HODL though, HODL until what price?  When Wall St. wants to play, they are HAPPY to pay for it.   So I can we can go to the moon before downward mainstreamm manipulation starts full scale.  Just remember to cash out and buy back...

[BureauChef]

the hype of the news seems to be nearly over now and price finally stopped rising after a very long rally. and that is all the effect you are going to get for the "pre-news date" and that was already big enough.

for the actual date when the markets start. the result will depend on how much manipulation is going into those market and also how effective the manipulation is. i say it won't be that effective.

They will affect the market, but we don't know the direction of this effect. There are several differet scenarios I read from medium and twitter. I hope the best one happens for bitcoin.

[ace4549]

Yes the bitcoin will affect the future market and the whole system as well. Accepting bitcoin in our industry will brings innovation for everyone;
wherein the bitcoin will establish a well organize and systematic management in future which will brings lots of opportunities for everyone.

[icanscript]

Since the futures will be much more liquid than the actual bitcoin market and much larger, since they are derivatives, the futures will become the go-to price check.

why are futures more liquid
Bitcoin = a very liquid asset, in any real volume.
It's not gold or coffee!

[MadGamer]

The market will definitely be affected but hopefully in a good way. We all know that these wall street whales don't care about bitcoins or anything else as long as they are filling their pockets with more money. I'm only optimistic about CBOE as they have Andreas as an advisor.

[posi]

The CME and CBOE bitcoin fixture will definitely create a big inpact in bitcoin price. This is why I give kudos to Tim Draper, the Forbes etc becausw their prediction about bitcoin bullish is already coming true.