Re: *Unofficial* ICBIT (BTC Futures Trading)

You and a bunch of people on your site use these words constantly but you are using them in a way that shows you do not know what they mean.

Backwardation

"it may also refer to the situation where a futures contract price is merely lower than the current spot price."
- http://en.wikipedia.org/wiki/Normal_backwardation#Normal_backwardation_vs._backwardation