Bitcoin futures trading was launched on two of the biggest futures exchanges; first CBOE and then CME.
It is now possible to make money on trading futures if the price is going up or down. It provides a great opportunity but also has some risk as if you go against the market you could lose money, even in a bull market (if you short).
One seemingly easy way to trade XBT futures would be to watch for news, especially negative news, as it is not in short supply and take short positions as soon as negative news comes out. The Bitcoin price is usually slow to react thus if you get in early, you could have your positions placed before the market reacts. Such a strategy might work in more stable markets, but with the market as volatile as it is, it is possible for things to move in the opposite direction before the effect of the news kicks in.
Has anyone tried such a strategy trading Bitcoin futures, and how likely is it that this could work reliably?
I think the bitcoin trading platform is a great and necessary choice for a constantly growing society. Bitcoin, also known as digital gold, is being heavily marketed and is recognized as a legitimate currency. I believe that bitcoin will be the common currency and will be most valuable in the future for the great benefits it brings.