Post
Topic
Board Trading Discussion
Re: Buying Bitcoin Futures Contracts?
by
dominikas18
on 16/12/2017, 23:50:31 UTC

There is a big buzz right now within and without the Bitcoin community and it is called Bitcoin Futures. What is this futures?
A futures contract is a tool and a strategy to hedge positions and reduce the risk of the unknown. It is also used for arbitrating between current spot and future contracts. The Chicago Board Options Exchange (CBOE) just launched the first futures market for Bitcoin beating CME which will launch their version on the 18th. Of course, there are already more finance organizations which announced their intention to also join the futures business by next year.

The introduction of the futures signals the start for the legitimization process for Bitcoin --  where people from the Wall Street can converge with those in the Main Street, so to speak. I am hoping that this platform will also be available to small players like us and not just for the whales who have the big resources they can play with anytime. As this sounds really interesting and maybe also profitable, would you be interested to buy a Bitcoin Futures contract?



     
I don't think that there is a need to buy futures unless you are an Institutional investor and you need to hedge your investments.
I would rather take into account an example of CBOE futures launch on 10th December, when Bitcoin made one of the largest growth in % in 5 minutes time, I think the same will happen upon CME launch on 18th. I have a quick video proving my point, would be glad to hear your feedback:
https://www.youtube.com/watch?v=JsR9N-TDBWM