HI ALL,
As everyone knows the futures on bitcoin will be available soon. CME Group plans to launch them in 2017 Q4.
They state the settlement will be in dollars. So futures buyers does not have to deal with bitcoins. That's a bit strange to me. Who will deal with bitcoins than?
Investor buys 1 contract. It is 5 bitcoins. After a certain time if the price (calculated from several exchanges) goes up.
The buyer will receive profit. But who will pay?
As i understand the futures sellers will pay that profit. But they have to get this profit from selling bitcoins at a higher price.
So futures sellers will have to REALLY buy bitcoins. Not futures buyers.
Am i correct? This subject seems unclear to me.
So this is one of the reason why the pumping happened last Q4 2017?i guess this is what we must be thankful lol
Actually i dont have knowledge about what is your pointing here,but all i know that bitcoins future relies on what we users do to support this coin and the blockchain to continuously provide us income and profiteering