There are no BITCOIN futures products because that would assume bitcoins were involved or could fill the contracts, These are cash settlement BETS on the average price of bitcoins in the Future. NOT Bitcoin Futures. In a real FUTURES contract I either sell or buy a contract to purchase an item, in this case it would be BITCOIN. Unfortunatly, unlike real futures contracts where folks can actually buy a contract to BUY the commodity, there is nothing involved in the bitcoin contracts other than a gamble on the future of bitcoin on some other exchange. IT IS A SCAM of the highest degree. If I wanted to buy Silver with a silver futures contract I could. I could sell the contract or let it laps or force delivery , with these FAUX futures contracts I can not force delivery because there is NOTHING in the contract to force. VEGAS has odds on the ups and downs of price.. these "Faux Futures" are just a variation on guessing the number of jelly beans in a jar where you don't get the beans even if your right.
You are viewing a single comment's thread from:
Current "futures" add a very thin veneer of respectability. Will it be enough to bring all the big hedge funds into the space in 2018? Going to be hard for the hedge funds to sit out another big uptick of BTC price, if a handful jump in and take the risk, the rest of the industry will come crowding in follow the leader fashion.
I would rather see a real ETF if that is what they are going to do or a Mutual Fund stuffed with crypto.
Good info