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BCH just did a hard fork that changes how the difficulty scales. A lot of the moves over the weekend had to do with miners switching back and forth as one coin became more profitable than the other. We'll have a better view of things when the dust settles. For all we know there will be a flippening before December. And of course this is still assuming the regulators approve it, which I don't think is a done deal.
Can you help answer these questions from other members on NexusFi?
Well I have a hard time just watching, but getting involved in this mess is just too risky. Especially with Bitcoin in particular where there's a real risk of your transactions not getting processed because there's too many transactions. I liked Bitcoin Cash when it went down after the segwit fork was canceled. If I had traded it I would have gotten in there, and taken half off when it doubled. I just have no clue how today is going to turn out though. So I'm just mining Ethereum instead
You are right, this is a new space, and it is yet to be determined who will survive.
I am not going to get too technical here to explain why BCH will not take over Bitcoin or replace it, but I will say that miners jump from one currency to another when it becomes expensive to mine one over another. Since the mining is dominated by a few major players, their decisions affected speculative moves. There are sites like https://www.fork.lol/ that measure this.
At this point, in my opinion, this will not affect CME's decision as far as launching Bitcoin Futures.
Thanks,
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
i am still wondering if the futures market can lead the spot market
drawbacks on CME/CBOE, it cant trade on weekends, we know what bitcoin can do on weekends
Yes, it can. Think of this, Just a rumor of the CME listings gave a boost to the pricing. If there is a heavy volume and demand on the Futures side, it will affect spot by mathematical correlation as well.
As for not trading on the weekend: I guess it is subjective as most appreciate some time that they can dedicate to learning and also relax the mind. also, since this is a new technology, and the news hit it from all directions now, I would recommend not hold any positions over the weekend. clearly, account size, the appetite for risk would dictate how one trades it.
Thanks,
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
$25 per contact? sounds like you will need a dedicated 100k + account.
When is the Bmini launching?
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
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Thanks Matt. I saw a similar story. I don't understand his logic. If margined correctly there should be little to no risk to other clearing members, or customers.
i think the cboe bitcoin contract looks most promising
i would assume they will structure their contract with no limits
also smaller notional size with easier arb between the gemini exchange
