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/biz/ - Business & Finance

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3349561 No.3349561 [Reply] [Original]

What is the deal with Bitcoin and Litecoin "futures" listed on cryptowatch? Does the price of Bitcoin and Litecoin move towards the future's price?

>> No.3349583

>>3349561
Yeah, it's what the price is going to be in the future. Why do you think they call it the futures?

>> No.3349592
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3349592

minister you satoshi

>> No.3349947

wheres the future listed?

>> No.3349963

>>3349561

Do you not understand how futures contracts work?

>>3349947

BitMex and OKEX offer futures trading.

>> No.3350125
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3350125

They are exaggerated prices of where the chinese think the market is going

But where the chinese think means jack shit, the only thing that matters is where the chinese guide the market. Out of all the watching I've done, I've never seen futures determine the market, they've always followed.

Hell, even my father when I talked to him about crypto who has no idea say, "Be careful of the chinese, they have a lot of leverage to control the market with". Make money off them, but beware them. Their sense of honor says 'a sucker is a fool who deserves it'. They have no sense of humanity for their fellow man.