The World of Cryptocurrency - Bitcoin's Futures Expired

in news •  last year 

End of last year, the two huge Futures Contracts Firms that were both based on the US launched their first Bitcoin Futures Contracts. These are the Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME) both launched their Futures Contracts last December 10, 2017 and December 17, 2017 respectively. Futures Contracts simply means buying or selling of something at today's price to be delivered in the future as per the agreement stipulated in the contract. The price will now be fixed regardless of the movement in the market - many speculations that were circulating in the web that the whales of wall street will somehow manipulate the price of bitcoin in the market for them to maximize their profit.

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Last 17th of January 2018, CBOE Bitcoin Futures Contrast has just expired and closed at 10,900 dollars of bitcoin price - that was 36% dropped right after the CBOE's contract expired and followed by CME several days later. If we look closely at the trend of Bitcoin's price right after the futures contract was expired, there is a visible effect on the market but not that much as we have expected. Before the contracts end, many were creating FUD in the web which triggered fear among the cryptonians. Many speculations that bitcoin will drop as much as 8,000 dollars right after CME expires its futures contract but it doesn't happen. It's been more than a month that bitcoin has no sign to rise up. I really missed those days in which we are thrilled on bitcoins' impressive run at the highest mark of 20,000+ dollars. I'm hoping that bitcoin will get back to its track and ready to skyrocket again.


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I don't know why anyone was ever pleased about bitcoin futures

Yes it means we're mainstream - but it also means we're open to the greed and manipulation of the crooked investors of wall st.

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they were just fear on how volatile bitcoin is. they want to protect their assets through futures contracts. :)

I hope so too, Bitcoin future contracts what is main Objective?

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Futures contracts is a hedge against sudden change of price in the market. It protects both the buyer and seller from any lose whenever the market value dropped. AS we all know that bitcoin is so volatile, its like a rollercoaster ride. Both buyer and seller sign a contract with an agreed price which will be delivered in the future. This will simply regulate the price of bitcoin and protects from being so volatile.

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@jephline Question help me to learn one of two thing. thanks for the post

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what are those things?

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so sad there are persons like that :(

Everyone made out like January 26th was going to be the new Y2K for crypto and that the price was going to dramtically spike up or down. January 26th came and went and it barely moved. I do not know why I listen to anyone who speculates price on bitcoin anymore. 99% of them have not idea what they are talking about.

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hahahahha LOL

me too im waiting for the jan 26th. That date is the time for CME contract to expire and they were expecting a big movement of bitcoin in the market but what happened is.... LOL

Bitcoin when will rise again?
I have invested in bitcoin.
Now come to Los Angeles.

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Bitcoin surely will rise again but when that time to happen is very difficult to predict since there were so many factors to be considered. but right now, bitcoin is on the verge of battle against all detractors such as government who banned btc in their land, those hackers who stole million of dollars in exchanges and etc. If these things btc will overcome then surely it will rise again. :)

Well to me i dont think bitcoin has a future in the market cuz with the current rise and fall bitcoin cant hit $16,000 again

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If bitcoin will survive through this great tribulation, if it can survive those events wherein countries upon countries banned bitcoin in their land, exchanges has been hacked and millions of dollars lost - If these things will be overcome then surely bitcoin will skyrocket again. :)

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Why do you think that?

Very informative! Thank you!

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oh, thank you bro, voted

hi bro !your post is very nice .i like your post .I am following and up vote you, ,,,,,,,@sarowar

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ows, thanks then

For me i don't think bitcoin has a future in the market, thanks for the Info..

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somehow i agree with you

Good publication :) I liked it.
I'm glad to follow you

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thanks bro

There is every reason to be optimistic. After the bearish run two weeks ago that brought about 48% dropped in value and resistance against futures , I personally hope that bullish run will continue .

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we are all hoping that the bitcoin will get back to its track and continue to rise.

thanks for sharing useful information.
keep it up

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thanks too

Informative post.
Much obliged for sharing it

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ows

Resteemed and upvoted done

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thanks again

People should live with enjoy because his life will not return

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We should live life on a purpose :)

Good topic and useful information.

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thanks bro

Such an informative post. Thank you for sharing

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thanks also

Resteemed and upvoted done

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thanks bro :)

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so sad news :(

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yess it is... as price is increasing, threat is increasing...

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Interesting topic I like to receive his information @elizahfhaye

thanks for the information. I hope that wee are not facing the end of bitcoin
best regards, Alberto

Sad to read this news. Bitcoin is dropping on day to day basis. All the best to cryptonians holder.

Unfortunately this market is still very small compared to the monetary power of the whales.
One whale can be enough to seriously influence the market. A team of whales drinking cocktails in an island is surely enough for total market manipulation.

For now we are on their hands. We just need to learn how to ride the waves generated from all this. :)