Quote from: Lancusters on December 08, 2017, 01:39:55 PM

Quote from: XinXan on December 08, 2017, 11:34:20 AM

Quote from: shinzai on December 08, 2017, 11:21:00 AM

Thanks everyone for your contributions to the subject, but so far I have not recieved any clear answer to why the bitcoin price would be affected by bitcoin futures trading (that will be settled in fiat).

Sure, the launch of bitcoin futures is good news to bitcoin, but I've seen journalists speculating in traders shorting bitcoin etc and what effect that would have on the bitcoin price.

Why would it have any effect at all?

Ok, so you don't understand why something that is being traded in fiat would have any effect in bitcoin themselves, right? I'm not an expert myself in futures but this guy did a pretty good analysis:

https://masterthecrypto.com/will-bitcoin-futures-affect-bitcoin-prices/

It seems that, for example, for gold it didn't work too well short term but eventually was meaningless so you might be right. Bitcoin might not be affected at all by it. However because bitcoin is purely speculative right now, I'm sure it will drive the price even higher, hard to tell right now because it's already climbing hard anyways.

I did not understand from this analysis. Why do you think that someone will use the services of the Chicago stock Exchange. This analyst of the last century. Now there are many exchanges which will continue to trade in real time. I think the price of bitcoin will remain volatile. On the Chicago stock exchange will not be simple clients wishing to sell or buy bitcoin.

What? The link I mentioned just analyzes what happened to silver and gold when futures were introduced and the conclusion was that nothing relevant happened, just a bit short term but long term was meaningless.