Ethereum futures in the horizon?

[bbc.reporter]

This brings good and bad news.

Good news. Ethereum might be pumped to its new all time highs in the excitement of the futures market.

Bad news. Ethereum will be dumped liberally when the futures market is available for institutional traders and continue manipulating the price similar to what they are doing to bitcoin.



In a press release published on Tuesday (December 11, 2018), the Commission expressed its desire to become better informed about cryptocurrencies other than Bitcoin. According to the press release, the CFTC wants to know more about Ether tokens and the Ethereum network.

The RFI lists a total of 25 questions about both Ether and Ethereum. The questions fall under different categories such as custody, governance, technology, etc. Across the various categories, the CFTC appears interested in knowing the similarities and differences between Ethereum and Bitcoin.

Under the “Markets, Oversight, and Regulation” section, the bulk of the questions (17 to 21) covered matters relating to Ether futures. The CFTC appears interested in knowing how the emergence of ETH derivatives would affect the network’s proof-of-work (PoW) consensus model, as well as the risks involved in trading ETH futures.

While this is conjecture, the question could signify that the Commission is looking at approving ETH futures. For the most of 2018, rumors about possible Ether futures have made the rounds within the industry. These rumors became even more intense when the SEC singled out BTC and ETH as not being securities.

Read in full https://thebitcoinnews.com/cftc-wants-to-know-more-about-ethereum-are-eth-futures-on-the-horizon/

Read the press release https://www.cftc.gov/PressRoom/PressReleases/7855-18

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[mummybtc]

I think this just shows why the price of Ethereum crashed this much in the second quarter, these bankers know what they are doing, in whatever direction the market moves they make money, buy at $100 and sell at higher price. I won't say this is not good for Ethereum because it means better exposure for Ethereum and Cryptocurrencies. I will rather wait and decide later

[DaMut]

the Commission expressed its desire to become better informed about cryptocurrencies other than Bitcoin. According to the press release, the CFTC wants to know more about Ether tokens and the Ethereum network.

What a shit, damn lol.
why do not they just focus on Bitcoin itself instead of spreading their attention into another cryptocurrency?
did they know the fact that cryptocurrency exists because of Bitcoin instead of Ethereum that was used as a tool to create those useless ICO?
damn

[adaseb]

I was trading ETH right when this news was released and basically almost nothing happened, maybe went up a little but might of been a pure coincidence.

I think after all that mess that the Bitcoin futures started last year, I don't think many even want an ETH Futures market. The Bitmex added the ETH/USD perp trading a few months ago and look what happened, basically almost every weekly candle since was bearish.

An ETH ETF would be different however and that might bring price back up, however since they can't get one approved for BTC, then I doubt an ETH ETF approval is on the horizon anytime soon.

[bbc.reporter]

@adaseb. I reckon an experienced trader or a whale waits and begins to accumulate when no one appears to care. This is Ethereum. The project invested in by Multicoin Capital, Marc Andreesen's cryptocoin hedge fund and other major funds.

I reckon those hedge funds might have the political influence to push the CTFC to approve Ethereum futures, pump Ethereum and dump it on their community hehehe.

[superstarbtc]

Eth Futures will definitely boost the eth price and add more value for btc price as well more the future approval higher the price we can expect hopefully again in 2019 we may see previous all-time high prices

[VadikZimnyayaRezina]

Oh, finally, they also remembered futures, earlier this was one of the topics discussed, which could also correct the fall of the ether. Then he was still at the level of $ 600, but he seems to understand that even this will not be able to help and affect the overall situation in the market. But can try.

[changxia]

The current cryptocurrency futures are indeed very attractive to investors, and I think Ethereum can usher in a new turnaround through futures.

[Red-Apple]

Good news. Ethereum might be pumped to its new all time highs in the excitement of the futures market.

it will be pumped for sure but it is impossible to pump it to its previous ATH.
the previews huge pump only succeeded because of the momentum that it had plus the super hype of ICOs which was only a one time thing and will never be repeated as ICOs are nearly dead now.

In a press release published on Tuesday (December 11, 2018), the Commission expressed its desire to become better informed about cryptocurrencies other than Bitcoin. According to the press release, the CFTC wants to know more about Ether tokens and the Ethereum network.

this doesn't mean there will be futures though!
the biggest issue that they will face is the fact that this coin is centralized, had an ICO and is premined and is not regulated on top of all that! in other words there is one company that fully controls ETH and manipulation is a guaranteed part of it.

[dinoloverpete]

Uh-oh, let's hope ETH doesn't meet the same fate BTC did shortly after futures or it's done for. I don't personally believe futures are responsible for BTCs downfall but a lot of people do and if they're right then it'll be a sorry ending for ETH on the horizon.

[karel88l]

futures=short selling=another price decline so dont be excited about ETH futures

[bbc.reporter]

@karel88l. However the weeks going to the release of the futures market took bitcoin to its all time high. I reckon Ethereum will be pumped the same way to its all time highs also before the certain, unpreventable dump.

[Dragonrage201]

Hard to say if Ethereum futures are going to be good or bad for it. If those are used to manipulate the price of Ethereum like Bitcoin futures did, then not going to be good.

[btc_angela]

Well we all know that happens to bitcoin when all this so called future contracts open, yes there is a floodgates of money coming in but for short term only. What follows is a massive sell off and complete manipulation of whales. This might be happened for Ethereum as well so I'm having a mix emotions on this one, might be good for short term, but everyone should be prepared for the long haul, just saying.

[smic]

Ethereum will reach its old power with updates. The most reliable project in the market.

[ScarletSnow]

I think the pattern will go uphill. It is now going up as of today price with a little bit. But considering the market cap, we need to increase it 5x fold to go back again to number 2 spot and beat xrp on their current position.

I think most coins are still striving but eth still firm on going on a reversal before this year ends.

[Vit83]

IMHO nobody cares now about futures) More will depend from new projects. More new ICO - higher ETH price.

[damberg]

Regarding to Bitcoin futures I would not be that optimistic about pump in Ethereum after launching ETH futures. There are still thousands of ICO projects that sell ETH regularly to cover their fiat expenses and that is what drags the price down.

[Kotone]

Even without the futures and other forms of trading and investing, we have seen manipulations as this is a free market. This is not an exemption as in the regulated ones there are controls of trade going on. So this is good in a marketing perspective imo.

[NoMoreForksPls]

I think this just shows why the price of Ethereum crashed this much in the second quarter, these bankers know what they are doing, in whatever direction the market moves they make money, buy at $100 and sell at higher price. I won't say this is not good for Ethereum because it means better exposure for Ethereum and Cryptocurrencies. I will rather wait and decide later

The crash was not a banking conspiracy, ICO teams had a ton of ethers to dump. They actually still have them.
That's not to say that bankers can't take full advantage of the situation.
$100 is a solid entry point.

[moonblocks]

A futures product for Ethereum will no doubt add some hype to the platform and that along with upgrades could set the stage for some improvements in price from next year onwards regardless of all the doom and gloom predicted in the media at present for alternatives

[suryasuryo00]

sounds good, when the ethereum network starts to be glimpsed by someone "big", it needs to be followed up. But for the short term there will be drama that is created, therefore I choose to save ethereum, in my opinion Ethereum can touch the figure of $ 1100 and even compete with Bitcoin

[vigos]

Futures has become the current mainstream trading method because it is more profitable and safer, so I think Ethereum futures is a very good news.

[bbc.reporter]

A futures product for Ethereum will no doubt add some hype to the platform and that along with upgrades could set the stage for some improvements in price from next year onwards regardless of all the doom and gloom predicted in the media at present for alternatives

Agreed on the hype that the futures market will bring. It will also cause some hype on ICO tokens hehehe. However, I disgaree that the upgrades will set Ethereum for the improvements it needs. Their development team have been making false promises after false promises and their project has failed to be scalable for world adoption.

I reckon Ethereum's next pump will be one of the cryptospace's biggest pump. It will also be an exit scam for ETH's biggest investors.

[SunJAB]

sounds good, when the ethereum network starts to be glimpsed by someone "big", it needs to be followed up. But for the short term there will be drama that is created, therefore I choose to save ethereum, in my opinion Ethereum can touch the figure of $ 1100 and even compete with Bitcoin

after bitcoin is ethereum, many people like ethereum as the second bitcoin because their values ​​and features are so great that ethereum is a potential coin market

[Aptekary]

sounds good, when the ethereum network starts to be glimpsed by someone "big", it needs to be followed up. But for the short term there will be drama that is created, therefore I choose to save ethereum, in my opinion Ethereum can touch the figure of $ 1100 and even compete with Bitcoin

after bitcoin is ethereum, many people like ethereum as the second bitcoin because their values ​​and features are so great that ethereum is a potential coin market

in any case, if many analysts express their opinion about the fall of Bitcoin, this will happen not today and not tomorrow, but some time later. But negative statements today affect its relevance and investment attractiveness.

[slaman29]

Well it looks like the pump came a bit late so I don't think this had anything to do with futures news. Futures for Bitcoin also generated a lot of excitement, but I don't think speculators want to look forward too much when Ethereum is cheap now.

I do agree though that futures are more "bad" than "good" for crypto, be it Bitcoin or Ethereum. It's a bit weird to think that people are trading in crypto like stock markets instead of actually buying the real thing. Soon, people will be "crypto traders" but never owning any wallets. Don't you think this is against what adoption is?

[Red-Apple]

Well it looks like the pump came a bit late ...

why do people think this is a pump? of course it is a happy day for the bag holders who are in 80 to 90% loss but it doesn't even start to make up for what they have lost and it surely is not a pump.
a pump is when the price of it goes up at least 50% not a small 10% dead cat bounce. if you want to see a pump then look at ODEM "today" which got pumped nearly 100%

[bbc.reporter]

@Red-Apple. What makes you think that all speculators are bagholding Ethereum? The smart traders who sold on the top are buying again now on the bottom.

[Yurkov]

This may mean similar consequences as BTC contracts last year. Unfortunately, sharks from investment funds probably sharpen their teeth right now.
Is there any estimated time when they can run it?

[bbc.reporter]

I reckon the market had a delayed reaction about this news hehehe. It might also imply that there is progress on the CFTC's information gathering on Ethereum and they might proceed to the next stage. Approve the creation of an Ethereum futures market.

This might be the cause of the next cryptospace rally.

[mummybtc]

This would be the worst thing to happen to ether price in this tough period, people need to look at how the futures impact Bitcoin price negatively this year, alot of people were celebrating it last year but we have seen first hand how its pans out, beware of what you wish for

[shendy]

We follow the next developments and learn a lot about ether, every news we better learn first so as not to dissolve in the news and we can take the positive.

[Milamol]

I would not expect this. All already expecting a possible market reaction to these futures. Therefore, such a market reaction is unlikely or not to be significant.

[bbc.reporter]

This would be the worst thing to happen to ether price in this tough period, people need to look at how the futures impact Bitcoin price negatively this year, alot of people were celebrating it last year but we have seen first hand how its pans out, beware of what you wish for

A super pump on the anticipation of a futures market for Ethereum, bad? No it will be the best thing for the cryptospace speculators to end this bear market.

In any case, the pattern similar to 2017 is revealing itself again. Ethereum started the bull market on January of that year and reached the top on May just in time for Consensus 2017 hehehe.

[adicewe]

I think eth will increase again, seeing there is a lot of news that supports eth.
I am very sure eth will begin to soar again next year

[Kenarix]

Hard to say if Ethereum futures are going to be good or bad for it. If those are used to manipulate the price of Ethereum like Bitcoin futures did, then not going to be good.

After the next update in January, the price will rise to reflect that.