Post
Topic
Board Speculation
Re: Bitcoin.com CEO Says Futures Will Drive Up Bitcoin Price
by
CornCube
on 10/12/2017, 22:47:23 UTC
LOL, futures will get raped by pure Bitcoin markets. While they are closed for the night/weekend/giftmas... Bitcoin exchanges truck on, and when it moves 10 or 20% during that time, futures will open with gaps and those on the wrong side will be ruined with losses and possibly owing above their account values. This will be great Smiley

CME futures only closed for 60 minutes per day, except closed weekends.

Don't you think traders will close positions before the weekend or appropriately hedge across that gap every weekend?

Also don’t you think the margin requirements will be appropriately computed on the high history of volatility of BTC?

You seem to presume these folks can’t do math.

But maybe you’re correct, that the margin requirements for safety are too high for most to play. However, if margin is provided in BTC that would be less onerous, e.g. miners hedging.