Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
willope
on 20/04/2020, 20:34:36 UTC
Sooo, anyone knows on whitch platform can I buy WTI oil?

You cant, it's a futures contract. If you buy now, you physically need to go and get the oil. That's why the crash happened and people were closing positions.

The next futures that expires trades at around 20$ currently, but this freefall will probably affect that one too. Whoever is currently holding an oil futures contract is playing a dangerous game.
It may be dangerous, but it would be fun to buy at least a few futures at negative price so one day I could tell my grandchildren that I was there, I was part of the game.

I wonder how much you can buy of that oil at negative rates with say $10 (yeah, a solid positive ten fucking bucks!).
I assume it's not so much about how many you can buy. More like how many you'll have to pay to sell them if the price won't recover. The more you buy, more risk of losing money.
I have to add that I'm not an amateur trader but this is the way I understand it.