20 DEC 2017: CME FUTURES BRR AND BRTI UPDATE
On its 3rd day after the launch of CME Bitcoin futures, Bitcoin doesn't fare very well in terms of the price.
Driven by emotion, greed, or just simply FOMO, Bitcoin provides a rollercoaster ride to those who want a piece of the cryptocurrency.
Wall Street wildlings and corporate leaders call BTC a fraud, scam, Ponzi scheme, and a dangerous investment, this I believe is one of the factors of the dip that's going on around bitcoin's price.
Add to that is the unexpected sell-out of BTC owned by the none other than the co-founder and CTO of Bitcoin.com claiming that Bitcoin is an "old" technology with no use at all.
To further add insult to injury, these so-called financial experts keep taunting and injecting to the minds of the people that investing in Bitcoin is a foolish act that will only bring to perdition.
Comparing today and yesterday's rates, these media frenzy and attack on Bitcoin have made a significant effect on its price. People's trust on Bitcoin is waning and one major catalyst that moves the price is "trust".
Unfortunately, they are not totally wrong and that Bitcoin may unexpectedly burst like a bubble, as most in the finance world predict.
Today's rates on CME WEBSITE.
Yesterday's rates are as follows:
However, when you believe what bitcoin's value really is and you're willing to take the risk with your hard-earned money, there is a very good chance to profit from Bitcoin.
goood
well said about btc
DISCLAIMER :
This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
This is a very disclaimer. May I have your permission to use this in my future posts?
yes you can use it
Thanks so much for the latest update on the CME BTC futures. I generally view BTC as a store of value. I do think a good chunk of it's price is supported by the fact you normally have to buy it in order to purchase a lot of the alt-coins. That said I do believe that right now there's a higher return to be gained from investing in the alt-coins.
Alt coins are not doing bad, either. Planning to shift some of my BTC to BCH when I have the opportunity.
I am holding! These shorts can try to kill bitcoin but we aren't selling ;)
Stand fast, brother! There may be a bubble but no one really know when. Rewrds are worth the risk.