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Bitcoin Futures by the CME
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Bitcoin Futures by the CME

  #41 (permalink)
Market Wizard
Kyoto, Japan
 
Trading Experience: Intermediate
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suko View Post
Well, what happens when JPM sells naked gold futures in crazy large size?


I don't trade /GC, so you gold traders can correct me, by my understanding is that these paper gold futures lead the spot price. Same for silver. There is vastly more paper gold and silver than there is physical. This is supposedly how they keep driving down the price of gold and silver.

Since the CME BTC futures will be a cash settled future, you could call it "paper Bitcoin", just like paper gold and paper silver. The nominal amount of BITCOIN futures will be vastly greater than the physical.

Once the CME futures open, Jamie Dimon rules Bitcoin.

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  #42 (permalink)
Market Wizard
Kyoto, Japan
 
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Contract spec:

http://www.cmegroup.com/trading/bitcoin-futures.htm

Contract Unit 5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)

Minimum Price Fluctuation: Outright: $5.00 per bitcoin = $25.00 per contract

Product Code: BTIC: BTB

Cash settled

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  #43 (permalink)
Market Wizard
Kyoto, Japan
 
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I don't see myself trading the futures, but soon after this there will be options on futures and there should be a lot of juice in those. So I am interested.

Also, based on the futures they can create legit ETFs just like the vol products -- leveraged, inverse, long duration, etc. And then there will be options on the ETFs, and I will want to trade these.

It's all good.


Kinda reminds me of Deadwood when George Hearst showed up, though.

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The following user says Thank You to suko for this post:
 
  #44 (permalink)
Salt Lake City, Utah
 
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suko View Post
I don't trade /GC, so you gold traders can correct me, by my understanding is that these paper gold futures lead the spot price. Same for silver. There is vastly more paper gold and silver than there is physical. This is supposedly how they keep driving down the price of gold and silver.

Since the CME BTC futures will be a cash settled future, you could call it "paper Bitcoin", just like paper gold and paper silver. The nominal amount of BITCOIN futures will be vastly greater than the physical.

Once the CME futures open, Jamie Dimon rules Bitcoin.

GC is a deliverable, not cash settled.

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  #45 (permalink)
Legendary Market Wizard
Houston, TX
 
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suko View Post
Contract spec:

http://www.cmegroup.com/trading/bitcoin-futures.htm

Contract Unit 5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR)

Minimum Price Fluctuation: Outright: $5.00 per bitcoin = $25.00 per contract

Product Code: BTIC: BTB

Cash settled

Thanks @suko.
Link Coming Soon: Bitcoin Futures (needs the l on html)
So right now a $32k notional contract.

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  #46 (permalink)
CONSTANTINE/ALGERIA (DZ)
 
 
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yes gold GC are deliverable even crud oil deliverable, but for bitcoin that and just digital value of binary 10101 but it is deliverable ?? >>

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  #47 (permalink)
Union City + CA
 
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SMCJB View Post
Thanks @suko.
Link Coming Soon: Bitcoin Futures (needs the l on html)
So right now a $32k notional contract.

So if I have to guess overnight margin could be 1.5k to 3k range



Sent using the futures.io mobile app

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  #48 (permalink)
Houston
 
 
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k7ler View Post
I think the reason that there is more trader on bitcoin and crypt and the reason and simple any one can make profit and win money the second reason know that trader are human do not know robots or algo so more easy to trade and win money on a movement on trade to win money and not for loss money so on a bullish movement everyone wins, that all

@k7ler

You are correct 100% k7ler

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  #49 (permalink)
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CME Bitcoin futures ready 2nd week of December

https://www.marketwatch.com/story/cme-ceo-says-futures-exchange-for-bitcoin-will-be-ready-2nd-week-of-december-2017-11-13

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  #50 (permalink)
Shelby Twp, MI
 
Trading Experience: Intermediate
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btc or bch?


with the recent events concerning BTC hard fork cancellation and BCH making insane gains, how does this play into the bitcoin futures?

BTC BCH are separate blockchain so it seems impossible to average a contract for both especially if BCH dominates BTC in mining power


fwiw I wouldnt bother with specific crypto contracts because the space is still too new, theres not even earnings for crying out loud

at the very most have an industry contract like miniSP and see how it plays out for 12mths before adding specific contracts for whatever survivors exist in the space

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