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You don't get it. People who are holding these are coins in their private wallets are doing so not because it's a beautiful work of art they want to hang on their wall and show their friends, they are waiting for a price. And when they get that price they will gladly relinquish their coins...

This is not true. Supply can absolutely be manipulated. There is nothing stopping one person from buying up large quantities of bitcoins and hoarding supply. And you know who that someone might be? Your friendly local central banker. They can print the money to buy the coins. There is NO...

This is exactly what people who own the coin do. But the futures holder will at least be able to buy puts and hedge.

Huh? Doesn't this defeat the whole purpose of trading? I mean why trade anything when you can just buy and hold? Obviously it's because one believes they can achieve better risk adjusted returns. Therefore it's possible one will earn "more" profits by trading BTC vs simply being a buy and...

This was my favorite part of the article: "Traditionally, to open a hedge fund, you have to spend time building your own reputation, complying with legal requirements, finding anchor capital for investment, marketing and finding brokers to work with. All of which takes time, experience and...

Mike Novogratz Sidelined As Bitcoin Funds Explode By Rupert Hargreaves on November 20, 2017 10:00 am in Top Stories, ValueWalk Premium As Mike Novogratz tries to bring some kind of institutional backing to the cryptoasset industry at one end of the market, at the other end, traders and...

I just think in general all things being equal, it's better to be in control of these things then letting someone do it for us. I don't believe it's an issue of RJO doing anything nefarious. I just think in general the financial industry makes certain things easy for you to hand over control...

They don't make the trade. You buy the treasuries directly from the Govt (very easy to do online) and then transfer the treasury into your FCM. So instead of depositing cash at your broker, you transfer your treasury holdings. It's possible some of the bigger brokers have the ability to buy...

There most likely will be options on the futures so this is a moot point. But like Sig stated, this is true for every market in the world unless you are implying there is free money to buying BTC on Fri and selling on Mon. I didn't know free money trades still existed but now you got me excited!

Correct. This is very similar to holding stock securities. Most people who have retail trading accounts sign away this right to have a margin account. This means when you buy shares of AAPL, your broker is probably lending your shares to someone else since you chose not to hold the securities...

What you said is true but there is a way to protect yourselves and floor traders have been doing this for years. When you hold funds at an FCM, you buy US Treasuries in YOUR name with your cash. FCM's will hold those treasuries for you and allow you to borrow 95% against them. In the event of...

I don't think that is what he is doing. He actually fully supports the trading of BTC, he just wants it to be on a different exchange. I don't see what's wrong with that and the more I think about it, the more I agree with him. Many people here seem to forget that the CME almost went under in...

The CME (CBOT) opened it's doors in 1848. 1848! Based on one simple rule that every member is required to live by: my word is my bond. They would NEVER reneg on a contract...EVER!

http://www.businessinsider.com/bitcoin-trading-shops-are-hiring-wall-streeters-to-build-out-the-next-generation-of-cryptocurrency-trading-2017-11

On the prop side it did marty. I know 3 firms in Chicago that did 90% of their trading on the cash side of this spread because that is where the edge was.

Very possible. The cash market really dominates this. But I think for a lot of people, it will at least make this spread easier to track and collect data on. I think another reason Sle you might be right is most of the large fixed income prop firms in Chicago have gone away. I'm still glad...

Well, most players in the OTC market did this in cash. Now the home gamers can get involved. So I agree with Bone, this is a great spread and I suspect it will be very popular. You might even like it Overnight!

It's not a new spread. The TED spread is probably the most watched IR spread in the world.

Well, yes and no. Think of each coin as a unique technology. BTC has it's own technology structure. Moving to another coin is like moving to another stock. Sure, it might be better or worse but the business model of AAPL is not the same as the business model for IBM. But yeah, they are both...

Just throwing this out there for public consumption, but what would stop central banks from getting together and buying up all or most of BTC? There will only be 21 million total coins ever. I would not be surprised if they were not quietly bidding every day for some to acquire a majority...