Exactly..... that's why they did that, and I'm sure they will fork it again and again.....so in reality there isn't really a limited supply.
Bitcoin Price Thread
- Thread starter Magna
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Exactly..... that's why they did that, and I'm sure they will fork it again and again.....so in reality there isn't really a limited supply.
Is that because it's in their wallet and not on an exchange that they can't collect the fork?
Looks like at interactive brokers you will only be able to trade futures on the long side.....guess anyone looking to short is out of luck if they have an account at IB!!!!
Peterffy has sounded alarms before about the dangers of bitcoin, but his firm is allowing traders access to the futures products as of Monday, at a 50 percent margin requirement. Traders will be able to take long positions only, at $5 a contract, and won't be able to take a short position, or a bet on a decline. The steep price per contract —normally the broker charges 25 cents to 80 cents a contract — is to pay Interactive for the risk, Peterffy said.
Peterffy has sounded alarms before about the dangers of bitcoin, but his firm is allowing traders access to the futures products as of Monday, at a 50 percent margin requirement. Traders will be able to take long positions only, at $5 a contract, and won't be able to take a short position, or a bet on a decline. The steep price per contract —normally the broker charges 25 cents to 80 cents a contract — is to pay Interactive for the risk, Peterffy said.
I skimmed through it. It seems to me like a version of their current money, not an investment asset. What I mean by that is that it's not a store of value and there's no reason for it to go up in price, but you can use it in that country. Who's going to want to trade it?
I agree it is not design for trading but interesting as one of few central banks taking serious look at electronic currency as replacement for traditional.
L
lovethetrade
Bitcoin Cash could explode in January to US$3,000+. Looks like $1,100 was the bottom of this recent pullback.
To me, GBTC and BTSC are kind of indicator of Bitcoin downturn. These bitcoin stocks move up late but downing is much faster. I don't think this is a good sign.
http://www.gorket.com/2017/12/08/bi...ld-be-a-clusterfck-of-monumental-proportions/
http://www.gorket.com/2017/12/08/bi...ld-be-a-clusterfck-of-monumental-proportions/