Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
shmadz
on 11/12/2017, 03:46:13 UTC
Quote from: fabiorem on December 11, 2017, 03:36:57 AM
Quote from: shmadz on December 11, 2017, 03:30:37 AM
Quote from: Ibian on December 11, 2017, 03:20:33 AM



But the price can change by 20% in one day. Hell, in one hour. Or minute even. So what's the deal here? They haven't done their research, or they are trying to force bitcoin to conform to their fiat norms, or what?

yeah, they have no idea what they're dealing with. They are being pressured by their clients that want exposure to the price, but they can't cover losing bets when the price moves further than their margin limits can cover.

I'm sure there is enough demand from the customers to continue futures trading, but they will need to re-think their approach: just imagine - they broke their limit in about 4.5 hours... just imagine what might happen when they close shop for the weekend?


It is said they are going to use arbitrage. They will buy and sell from a real exchange and send it to futures.

This video gives some explanation: https://www.youtube.com/watch?v=vGnH-Od1lJM



OK, first of all, don't listen to those two guys in the video. they have no clue, you will get REKT

Second, how are you going to "send it to futures" when the futures don't trade over the weekend?

Third, oh, nevermind, you are going to be REKT no matter what I say.

Best of luck trading Smiley

*edit* I immediately feel sorry for posting this. I would delete it but that would be cowardly and dishonest. I'm sorry for the hurtful words. I sincerely wish you all the best.