Quote from: shinzai on December 07, 2017, 06:32:18 PM

Hi!
I'm a bit confused by all the talk about how bitcoin futures will affect bitcoin price.

As far as I understand, a futures contract is a binding agreement between 2 parties where mr A will buy an asset from mr B at a beforehand specified price and time.

The asset can be any commodity like oil etc, and are used both by producers as hedge and by speculators.

It is often possible to settle the agreement directly in cash, without buying/selling the actual underlying asset. I suspect most speculators prefer this option.

So, how will bitcoin futures work?
Will they require buying/selling bitcoin itself or will they just be settled in fiat cash?

I suspect these futures will primarily be used by speculators who probably will prefer to just settle them in cash.

So why would such a contract affect the bitcoin price at all?

I'm new so thanks for taking your time and explaing this to me

The future of bitcoin is be a number one wprld best currency in the whole world, becuase bitcoin is highly potential coin that give us to live a better life. Bitcoin is a good to earn money, hope bitcoin will become the most valuable currency, not only cryptocurremcy.

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