Bitcoin Futures

[vintages]

Why do you people keep doing these? Do you people really believe that the SEC intervention in Bitcoin is the only way bitcoin will be able to stand in the future ? SEC or not,  Bitcoin future in the long run is really bright. So I don't understand this unnecessary hype between Bitcoin and SEC. If the upcoming meeting did not turn out well,  Bitcoin will keep on moving.

[Herbert2020]

The blows against futures and ETFs have been present for the last couple of months, and amazingly, bitcoin and the economy kept a sturdy stance against it. Right now, the Bakkt Futures might not be accepted by the SEC, and knowing how the market reacts to such news, this will just be another short-term blow without any severe damage for the cryptocurrency market. It will bleed, yes, but not profusely.

The fact that bitcoin and the crypto economy has been doing well even with all the delays in the ETF approval shows candidly that it does not really have any serious or big effect on bitcoin and the cryptocurrency space in general.

Even if the market react to the news as you said, the price would have just ended up being manipulated anyway to please the whales in the way they want the market to move and as long as the market is still speculative, I really would pay much attention to price actions, than pay attention to some ETF news. Sure, in the long run, the whole ETF thing would usher in growth since more money will likely flow into the space.

depending on the type of the ETF there may not even be any money at all that comes in the market. there are certain ETFs that do not have to have any backing assets, i forgot what they are called! but the company does not own a single satoshi while selling ETFs.
the other form which has to have bitcoin to sell ETF is only allowed to have a fixed amount not a changing one. and they buy it once and then sell ETF based on that amount. so the money "flows in" once.

[cryptocrusher]

As far as I know, there isn't a futures market in bitcoin.

Bitcoin futures have been available for a while now:

https://www.cmegroup.com/trading/bitcoin-futures.html


Misunderstood that. Thanks extasie!

Futures backed by real bitcoin is what the market really needs. It taps in to the rich resources of large institutional investors who do not wish to go through the hassle of purchashing bitcoin themselves but it actually has a direct influence on the price unlike all of the current futures we have. It will also with that make manipulation using futures far more difficult. I would actually hope to one day see only physically backed futures but I doubt that will ever happen.

I see where you're coming from. Some people are against it though, because it gives financial giants motivation to hoard massive amounts of coins. It's going to drive up prices like crazy for sure, but it also gives them a very sizable influence.

I misunderstood that too when I first read it, was a little confused for a while so you're not alone there!

It might lead to that sort of market movement but it's not really any different to anything else with a limited supply. The physical market won't act any differently to the non physical market in that sense because buying up the bitcoin supply should force the price up irrespective of any futures markets. At least if the price is trying to be manipulated by people holding plenty of bitcoin they'll have to relinquish those bitcoin if they want to speculate on futures.

[KingdomHearts]

I think the futures will be negatively effecting for the first short term because people will use the ETF if it gets accepted which I doubt it will however even if it gets accepted that means more people will join and in the long term couple years from now the futures will have more customers and traders because of the public awareness created by the ETF.

So, I think futures are still solid for another while because SEC won't accept the ETF prices however when it does futures will still be alright because in long term way that is even better for them since its going to get more attention from all over the financial world.

[aencarnaci]

Why do you people keep doing these? Do you people really believe that the SEC intervention in Bitcoin is the only way bitcoin will be able to stand in the future ? SEC or not,  Bitcoin future in the long run is really bright. So I don't understand this unnecessary hype between Bitcoin and SEC. If the upcoming meeting did not turn out well,  Bitcoin will keep on moving.

The thing is that bitcoin has always stood the test of time without futures and I wonder why a lot of people pay so much attention to it like it is some kind of a lifesaving event. Futures are even settled in fiat, so what are we really then looking at ?

Like you said, SEC or not, bitcoin has been growing over the years and it keeps growing and growing, and I really do not see how and SEC move or whatsoever would bring that the future of bitcoin on its own will not bring anyway. People have just decided to create their own hype based on how they feel or think, or probably because they are just looking for a reason why the market should just go bullish.

[zazarb]

Keeping in mind the SECs verdict due in a couple of days, I really wish to understand how Bitcoin Futures stand to assuage any negative impact from the SECs decision.

Quoted from the article-

The physical crypto futures is designed to attract investment from institutional investors, who have so far stayed away from the market. Bakkt, notwithstanding, promises a “regulated ecosystem” where investors can invest in cryptocurrency product.

Reference Article- https://blockonomi.com/bakkt-bitcoin-futures/[/size]

SEC verdict should already have been posted at  September 30th, because this date was deadline, but now SEC already delayed that decision, possibly until sometime in February, so I think the longer the term will be extended, the less it will be affected. And even now I think that if the verdict is negative, the price will still not fall below 5800$.

[BrewMaster]

Keeping in mind the SECs verdict due in a couple of days, I really wish to understand how Bitcoin Futures stand to assuage any negative impact from the SECs decision.

Quoted from the article-

The physical crypto futures is designed to attract investment from institutional investors, who have so far stayed away from the market. Bakkt, notwithstanding, promises a “regulated ecosystem” where investors can invest in cryptocurrency product.

Reference Article- https://blockonomi.com/bakkt-bitcoin-futures/[/size]

SEC verdict should already have been posted at  September 30th, because this date was deadline, but now SEC already delayed that decision, possibly until sometime in February, so I think the longer the term will be extended, the less it will be affected. And even now I think that if the verdict is negative, the price will still not fall below 5800$.

certain people are still trying to convince the crowds that the SEC decision is going to be positive. i recently read some news about some letter to SEC about bitcoin, blah blah. but in the end this is exactly like all the previous times. they hype it up and SEC keeps delaying it until they finally reject this ETF too.
but i think the effects stopped being noticeable a while ago. people are also catching up to the nonsense. it is like the old "China banned bitcoin" news at this point.

[BerneirBTC]

Why do you people keep doing these? Do you people really believe that the SEC intervention in Bitcoin is the only way bitcoin will be able to stand in the future ? SEC or not,  Bitcoin future in the long run is really bright. So I don't understand this unnecessary hype between Bitcoin and SEC. If the upcoming meeting did not turn out well,  Bitcoin will keep on moving.

Doing what? You didn’t mention anything. Anyway in my view the future of bitcoin is very bright because the market value is increasing and people are investing more and more money in bitcoin and if this investment continues for some time, the price of bitcoin will also rise. Now days the market is very rough and the price is almost stuck between $6000 and $7000, but in the price it will grow more.

[zazarb]

Keeping in mind the SECs verdict due in a couple of days, I really wish to understand how Bitcoin Futures stand to assuage any negative impact from the SECs decision.

Quoted from the article-

The physical crypto futures is designed to attract investment from institutional investors, who have so far stayed away from the market. Bakkt, notwithstanding, promises a “regulated ecosystem” where investors can invest in cryptocurrency product.

Reference Article- https://blockonomi.com/bakkt-bitcoin-futures/[/size]

SEC verdict should already have been posted at  September 30th, because this date was deadline, but now SEC already delayed that decision, possibly until sometime in February, so I think the longer the term will be extended, the less it will be affected. And even now I think that if the verdict is negative, the price will still not fall below 5800$.

certain people are still trying to convince the crowds that the SEC decision is going to be positive. i recently read some news about some letter to SEC about bitcoin, blah blah. but in the end this is exactly like all the previous times. they hype it up and SEC keeps delaying it until they finally reject this ETF too.
but i think the effects stopped being noticeable a while ago. people are also catching up to the nonsense. it is like the old "China banned bitcoin" news at this point.

Very well said.

[Epimetheus]

price stays at $ 6,000  This price is fixed over the past six months but I expect from my point of view that the price will rise to reach the end of this year to unprecedented prices

Bitcoin have a bright future. It price can be reach the mark of 6000$ or can cross the mark of 6000$. It recent progress and  profit attract many invest and economist to talk about it. According to them its market price increase exponential. Many big companies like Microsoft, Samsung, Alibaba etc start investing in it ir use it for their various business purposes and this thing help it to secure its future. Many government work with bitcoin to solve their economy related problems and and also depend upon bitcoin to solve their unemployment issues. So i thing bitcoin has a bright future.

[Streamlink]

Why do you people keep doing these? Do you people really believe that the SEC intervention in Bitcoin is the only way bitcoin will be able to stand in the future ? SEC or not,  Bitcoin future in the long run is really bright. So I don't understand this unnecessary hype between Bitcoin and SEC. If the upcoming meeting did not turn out well,  Bitcoin will keep on moving.

I hate these. Whenever there is one expiring we see the price either going up or down or something happening. Why do we have futures that affect the real price of bitcoin so much. In reality futures are not directly bitcoin, you are not buying or trading or in general using bitcoin with futures.

You can use dollars if you want and get futures, which means this should have no reason to affect the price at all. Apparently people who buy futures also try to manipulate the market so their futures would profit them, even if they lose money on the manipulation they make it up with the future profits.

[shamc]

Bitcoin futures is one of the reasons why bitcoin prices tanked. The drop coincides with the start of the bear market when investors manipulated the markets, and at the same time mt gox was dumping their coins.