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It can drop to near 0 if it became a criminal act to own or exchange a BTC , which is inevitable .

BS , BTC wont be at 100 000 because if it gets regulated then any high tech company or even a government or a bank will introduce a better version of BTC their own BTC . BTC network was congested the other week , everything was stuck , and nearly nobody is using it , the blockchain cant handle...

https://news.bitcoin.com/exchanges-suspend-usdt-transactions-after-30-million-tether-treasury-wallet-hack/

Thats why its called delusion phase , you wont know you are in it until the dust settles hence = delusional .

haha yes institutional investors at elitetrader and etoro and facebook selling their belongings to buy BTC at ATH !

Its called delusion phase in a bubble cycle , the guys he is speaking of bought btc long time ago "smart money" .

Good post , agree , its the madness of the masses as usual , and the price , they keep checking the price , they didnt buy it at 10 cents they want to buy it at $8000 , thats : retarded + bubble = A joke to tell for generations .

Agree look at litecoin for example just $70 , no difference just four times the BTC supply . BTC price is in a bubble because its a crowded trade , everyone wants a piece of it "for now" . Get real people $8300 vs $70 . Not saying LTC is worth the $70 either .

Clueless responses about hedging ...

Its not a risk free money , end of story .

Btc is not safe I agree , many coins have been lost or stolen and third party exchanges going down and disappearing is common . Without these exchanges btc is iliquid and not tradeable , you need these scammy exchanges but then they are not safe .

Ofcourse . Protection against a blackswan for example , gaps ... Etc .

Hedging example : Long ES futures at 2580 . Long SPX 2520 put .

BTW , IB can have an increased margin requirement for shorting BTC , like what they did with VIX etfs shorts .

No need to get sensitive Mr gambler , it was a metaphor , sure technically they are just an exchange not a casino , same goes for Wall street , it isnt technically a casino , but you can call either a casino .

Why would i leave ? Many exchanges are out there . I said i want that because they are so greedy to get into this bubble shi@ .First they said we want to support it then btc dropped to 3000 that was a few months ago then they said we wont be supporting it , then BTC went ATH again then CME said...

Its called force majeure . Its not a big deal they could specify their settlement/readjustment/auto-deleveraging procedure before hand in the contract specifications from day one , that way they wont be breaking their own fuc@@g "word" . They are a casino anyway so i wont put much in their so...

What's the point of the hedge just don't make a bet in the first place . Anyway this thing is a bubble and a scam the cftc shouldn't approve btc futures . Anyone who wants to buy a real btc that's fine but a futures market for it that's a bit much . Hope the cme goes under and bankrupt from...

You can check their website for more details about their auto deleveraging algo . They even readjusted the closing price for some . It can be done it's not rocket science even if the price jumps 100% . CME can have it's own daily settlement/adjustment procedure .

The solution for such volatile instruments , is to auto-deleverage both sides the winning and the losing , thats how they do it at Bitmex and they offer 100:1 leverage for this sh** ! . They show you your position que in the auto-deleveraging algo . If losers dont have enough money to cover...