Bitcoin Top?

[just21]

So... Tulips 2.0 but in a larger scale?

Money is the ultimate bubble.

 

[philpsw]

Investing in btc is the best option today, knowing that our money will be protected by various security blocks and that no banker will come to steal our savings.

 

[Visaria]

I'm calling the top. I will no doubt be wrong.

 

[syswizard]

Investing in btc is the best option today...........no banker will come to steal our savings.

When is the last time that occurred ?

 

[just21]

When is the last time that occurred ?

Cyprus 2013. Bail in instead of Bailout now policy in European Union and probably further afield.

Greece as well savers got 20% of savings confiscated.

 

[Illini Trader]

Why in the heck did the CBOE initiate Bitcoin FUTURES and not Bitcoin OPTIONS ?
Uh....aren't they the world's largest OPTION exchange ?
And why are they front-running the CME Group's Bitcoin futures offering ?

I understand that Bitcoin options are offered on other exchanges like LedgerX...but I would not trust that crumby exchange.
I think the CME Group will get the majority of the activity once their Bitcoin futures contract is established.

If you have to ask that question then you need to firm up your understanding of Bitcoin.

 

[syswizard]

If you have to ask that question then you need to firm up your understanding of Bitcoin.

Really ? The issue remains a mystery...Why did the CBOE go the futures route instead of the options route which is their predominant trading vehicle...especially knowing that the CME Group would likely roll-out competitive futures contracts for Bitcoin ?
Sounds like someone in the CFTC had a relative or friend as a principal in LedgerX...LOL

Bitcoin options trading in the U.S.
After months of lobbying, Bitcoin options are soon to be legal in the U.S. On October 2, 2017, the Commodity Futures Trading Commission (CFTC) announced the approval of LedgerX for clearing derivatives. LedgerX, a digital-currency platform, announced in May it had raised $11.4 million via its parent company Ledger Holdings in the hope the CFTC decision would rule in its favor, which it did. "A U.S. federally-regulated venue for derivative contracts settling in digital currencies opens the market to a much larger customer base," Paul Chou, LedgerX CEO said in a press release.

 

[Visaria]

If you have to ask that question then you need to firm up your understanding of Bitcoin.

Firm up understanding of bitcoin? I doubt if anyone really understands bitcoin in the first place!

 

[Overnight]

Really ? The issue remains a mystery...Why did the CBOE go the futures route instead of the options route which is their predominant trading vehicle...especially knowing that the CME Group would likely roll-out competitive futures contracts for Bitcoin ?
Sounds like someone in the CFTC had a relative or friend as a principal in LedgerX...LOL

Well, the futures are being traded under the CFE, which I guess is the futures branch of the Cboe. Maybe they want to see how volatility goes on the future before allowing options? Just total guessing here.

 

[Illini Trader]

We are not naysayers to new technology , surely something new and evolved may come out from this , we are naysayers to current bubble in prices , big difference .

An interesting thing about the 2001 dot.com bubble and the 2008 housing sub-prime bubble:
No one fully recognized that we were in a bubble until it burst. Even Helicopter Ben said housing prices cannot go down. The guy in "The Big Short" recognized it but the bullish wave almost buried him until reality finally took hold. Now we know we cannot possibly be close to a bubble in Bitcoin is because everyone is calling it a bubble. The bubble callers have never really researched Bitcoin, they are just repeating what they hear on the media because this section of its chart is going up fast.