Quote from: HabBear on December 09, 2017, 02:52:09 PM

Quote from: pugman on December 08, 2017, 11:35:19 AM

Well the repercussions are clearly shown in terms of the price of bitcoin.

Too much hype, which is causing literally everyone to call bitcoin to be a bubble, just like the real estate bubble back in the day.

Stupid people want to pump the price so badly, gain the attention and boom ruin the whole thing after some time. Don't want stock market people to come play with bitcoin now, seriously.

The crypto world is much better without the likes of them. But fucking no one can do anything 'bout it. Cry

Wow, so you really think the CME and CBOE involvement is bad?!

I think it will only be good for Bitcoin. And let me explain to you how this will work, because I think you may be misinformed.

Futures transactions will happen via the futures market the CME and CBOE use. The buy and sell transactions are cleared through their network. These transactions will not hit the blockchain, therefore the daily volatility of futures contracts won't directly impact the price of Bitcoin.

What will influence the Bitcoin price is these investment firms (or individual investors) having to buy and hold Bitcoin as reserves to back some of the futures transactions. If you're selling a covered put (for example) you need to own Bitcoin to cover the sale. Instead of individual investors buying Bitcoin and holding it with these investment firms, the investment firms will likely buy Bitcoin to hold as reserves for the transactions.

This futures business should create more buy and hold investors.

Not correct cause its cash settled.