We Need To BAN Futures Trading In Bitcoin

[Victorycoin]

There is no physical delivery of Bitcoin, and settlement is in a fiat currency. This means that it isn't a bitcoin futures market, but just a speculation on the price of Bitcoin.

Bitcoin futures is a derivative of Bitcoin and most derivatives in the financial markets are not actually exercised, but are traded out before their expiry date. It offers some ways to hedge against market volatility and knowing how volatile Bitcoin can be, high net worth holders of Bitcoin cannot but embrace this instrument.

[Doterti]

There is no physical delivery of Bitcoin, and settlement is in a fiat currency. This means that it isn't a bitcoin futures market, but just a speculation on the price of Bitcoin.

Bitcoin futures is a derivative of Bitcoin and most derivatives in the financial markets are not actually exercised, but are traded out before their expiry date. It offers some ways to hedge against market volatility and knowing how volatile Bitcoin can be, high net worth holders of Bitcoin cannot but embrace this instrument.

Yes there is a chance in near future the bitcoin will be ban in the trading due to its quality and quantity and with that cypto currency will be exposed to the world because of its value and many people gets interested and with that they are trying to find ways to avoid banning the cypto currency or bitcoin.

[naughty1]

There is no physical delivery of Bitcoin, and settlement is in a fiat currency. This means that it isn't a bitcoin futures market, but just a speculation on the price of Bitcoin.

Bitcoin futures is a derivative of Bitcoin and most derivatives in the financial markets are not actually exercised, but are traded out before their expiry date. It offers some ways to hedge against market volatility and knowing how volatile Bitcoin can be, high net worth holders of Bitcoin cannot but embrace this instrument.

Yes there is a chance in near future the bitcoin will be ban in the trading due to its quality and quantity and with that cypto currency will be exposed to the world because of its value and many people gets interested and with that they are trying to find ways to avoid banning the cypto currency or bitcoin.

Although altcoins grow, it still depends a lot on Bitcoin. So, if Bitcoin is really banned, I think the whole altcoins will be severely affected. Altcoins can not grow without Bitcoin.

[Lamisa asfiya]

We all should have daily trading for the future. We should invest in long term in bitcoin. Because of long-term investment, many profits are available. There is a high probability of bitcoin.

[Hell-raiser]

A news report suggests that Bitcoin fell from its $20,000 high water mark immediately after Futures trading of Bitcoin was opened. The seasoned traders pounced upon the innocent Bitcoin community like wolves in a sheep pen.

You can read the full report here:

https://www.ccn.com/bitcoin-price-drop-from-20000-likely-due-to-market-manipulation-traders/

Given these circumstances, don't you think it prudent to ban futures trading in Bitcoin? After all, it isn't part of Satoshi's original Blockchain protocol at all.  It's more of a loophole that allows professional traders to prey upon the innocent Bitcoin community.

As it has been explained numerous times, Bitcoin futures are cash-settled, and as such they are utterly irrelevant to Bitcoin price. I don't think that the introduction of these derivatives in November/December was a mere coincidence (it may not), but they were not the cause of Bitcoin price crash in late December by any means. If anything, it is possible that they were instrumental in taking traders money who got lured into the Bitcoin derivatives market, but the volume traded back then was minuscule at best to have any detectable effect on Bitcoin and its price.

[magneto]

How can you ban bitcoin derivatives trading and futures trading first of all?

I don't know if the price drop was as a result of manipulation from futures trading, or just a natural event occurring as a result of the end of a bull market and start of a bear market (probably the latter, to be honest). But even if it was manipulation from futures trading, there is no way to stop futures trading itself.

Yes, it's not included in satoshi's vision. Because it's not a part of the bitcoin network. It's something that institutions can choose to offer for trading on their own markets. There is virtually no way of shutting it down per se, because it's simply not on-chain.

[worldofcoins]

A ban on Bitcoin futures Trading? - Impossible! There's no way that can happen, as this would actually limit the number of users for the coin as it locks people in and seeing how quickly the market can change no one would want bitcoin. Plus, its hard to identify the cause in market volatility.

[Vicbell00]

I think all the good and bad of the latest quotes are derived from futures. In December, the mega pump was caused by the imminent release of futures and due to their dump since January

[salamonKK]

I think exactly the same, bitcoin futures completely violate the basic policy of the crypto currency. Over time, I think bitcoin futures will become less relevant and all funds from futures will go to bitcoin coins.

[nanasei]

To me future trading is like betting and is different trading futures on commodities which has an underlying assets to back it. With bitcoins people trades it futures base on luck .

[pixelvault]

LONG LIVE THE CORN!

[Heather Santos]

I see there are no reason why we need to ban trading in Bitcoin. Bitcoin is a type of  cryptocurrency which creates many advantages for people. In the future , it maybe replace paper money. Besides, BTC trades in the Internet fast and conveniently. Specially, people can mine bitcoin  by using some special technical machine. In short, I don't agree with your idea.

[DooMAD]

The general ethos of Bitcoin is not to ban things at protocol level.  So even if we could ban futures trading, that doesn't mean we should.  Even if it were possible to for us ban it, I'd still be arguing against doing that, despite not being a fan of it. 

But, as everyone else has already pointed out, it can't be banned anyway.  If regulators give the go-ahead, then they can do it.  It's out of our hands.  The casino is open for business.

[Kimskie12]

It was just all speculation of bitcoin price. We cannot say predict the future but if that would happen then so be it , we can't do anything about it.

[Hell-raiser]

The general ethos of Bitcoin is not to ban things at protocol level.  So even if we could ban futures trading, that doesn't mean we should.  Even if it were possible to for us ban it, I'd still be arguing against doing that, despite not being a fan of it. 

But, as everyone else has already pointed out, it can't be banned anyway.  If regulators give the go-ahead, then they can do it.  It's out of our hands.  The casino is open for business.

I don't really understand why folks here are so agitated about banning Bitcoin futures? Oh, well, they are not quite happy with current Bitcoin prices (but who is, after all) and looking for a scapegoat to blame it and then punish it for their grievances over the prices. Guys, the volume in these futures was miserable anyway, so in no case the market can (could) be manipulated through them. It is not their fault that prices went down from 20k to where they are now.  Stop searching in the wrong places for the wrong causes, even if that might make your life easier, temporarily.

[NavigateSamurai055]

I still don't find any logic to ban futures trading in bitcoin because the more people and company come and trade the more its value become increase.

[Hell-raiser]

I still don't find any logic to ban futures trading in bitcoin because the more people and company come and trade the more its value become increase.

Technically, there is some sense in these agitations. If we keep in mind that these futures are cash-settled only, it doesn't necessarily follow that trading more should mean value rising. In fact, cash-settled is not only about buying as it is as much, if not more, about selling, which means that whoever has more cash can short the futures down to death. If the volume were really high and significant (it wasn't), then such allegations could actually make a lot of sense, but since the volume was miserable anyway, whether someone tried to corner the market or outright bring it down was inconsequential to Bitcoin price on the markets where real coins were traded.

[A Feeder]

I think its hard to do like that mostly if we don't have a strong powers only people who high level can do that not like us, Only need to is go with the flow and wait for those people to do what you want.

[Rocktop044]

The Cryptocurrency sphere is very new and fragile, if you were to ban futures, the currency would still be subceptible to manipulations from other sectors.
The solution in my opinion, is for more seasoned investors to get into digital currency, and give it some sort of stability.

[maskeffec]

It is impossible to ban Bitcoin futures trading. There is no way that can happen, because this will really limit the number of users to coins because they lock people and see how fast the market can change. No one wants bitcoin. In addition, it is difficult to identify causes in market volatility.