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/biz/ - Business & Finance

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4953876 No.4953876 [Reply] [Original]

WHAT DIS
WHY

>> No.4953912

WE NEVER HAVE TO WORK AGAIN OH MY GOD THEY'RE GOING TO PUMP IT

>> No.4953918

So they dont go bankrupt once BTC nose dives

>> No.4953930

>>4953876
Trading halts at fluctuations of more than 7% and resumes when things settle down.

>> No.4953946

>>4953912
1 MILLION DOLLARS PER COIN

>> No.4953951

whats the url for realtime cboe price?

>> No.4953960

>>4953930

Ah in Australia we just do it when people have exciting news

>> No.4953981

>>4953951

https://www.cnbc.com/quotes/?symbol=@XBT.1

>> No.4953996

>>4953876
mine doesnt say halted, waht gives?

>>4953981

>> No.4954014

>>4953996

No longer halted

>> No.4954034

WE LIMIT UP NOW

>> No.4954053

Lol boomers

>> No.4954060
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4954060

Can anyone who knows futures tell me in laymans what this means?

My understanding is that you buy a futures contract if you think BTC will be x price on y date. Someone agrees to that deal, and on y date, you buy BTC for x price.

With the website: https://www.cnbc.com/quotes/?symbol=@XBT.1,

it is saying 17,790 right now. So I take it that is the price people are speculating to buy BTC on y date.

But what is the date people are setting? How do I see the time horizon on this?

>> No.4954085

>>4954060
the futures market is on a meta-level a prediction market

the participants collectively predict what the price of an asset will be in the future

now, there's also huge incentive to buy up or sell down an asset to make sure it matches what the futures market suggests it will be (do you see where this is going)

>> No.4954102

>>4954085
Yes, but from the 'tutorial' videos I watched on futures, it said that people - in the normie market - set futures contract for the SAME day, is this what is going on here as well?

The tutorial video said that people rarely create futures contracts beyond the same day. Yet it is unclear what time horizon is going on here.

>> No.4954106

>>4954085

Finish your thoughts

>> No.4954211

>>4954085
>donkey chasing a carrot?

>> No.4954242

>>4954102
the futures contracts from CBOE are set for +1 month, +2 month, +3 month

>>4954106

institutional investors can now safely bet on the price of bitcoin, meaning the floodgates are now wide fucking open. the more they drive up the futures market, the more money momentum there is in making the bitcoin price match the future price

a clever investor (a whale if you will, like the government of saudi arabia or norway for example of the scale that we're now talking about) will buy futures and then interfere with the market to make sure the prediction comes true

yes, they can push the market up or down if they want to -- but it's a hot asset, momentum is upward, and fundamentally everyone in the market will be interested in blowing the bubble bigger (nobody ever wants a profitable bubble to pop, least of all when it's just getting started -- no institutional investor wants to bet against a market this hot when they can ride it up for much less risk)

>> No.4954267

When do LTC futures start so it can go to $1 million and I can retire?

>> No.4954281
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4954281

>>4953946

>> No.4954291

>>4953876
Retail investors are paying a premium in the extended market hours to buy bitcoin futures because they don't know how to set up a bitcoin wallet. You shouldn't take this as indicative of what institutional investors will do when the market opens.

>> No.4954321

>>4953946
WE ARE ALL GOING TO MAKE IT

>> No.4954324

>>4954291
People who are allowed to play off-hours in the futures market are typically not what you would typically mean by 'retail investor'

these aren't rubes, no broker stays up on a sunday night to file trades for some loser

>> No.4954327
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4954327

24h change +30%

>> No.4954378
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4954378

>tfw no coins

>> No.4954432

>>4954242

Super helpful comment. Thanks man

>> No.4954478
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4954478

>>4954324
>I don't know how extended hours work
Market makers don't take part in extended hours so there's low liquidity. Low liquidity means you can't place big trades without paying a big premium. Anyone with a lot of money to bet has no reason to take part in the extended hours.

>> No.4954481

So do I buy or sell this 100k of btc?

>> No.4954571

>>4954481
If you can trade futures, short the futures and buy btc.

>> No.4954651
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4954651

>tfw no coins
>told Dad about Bitcoin before when I bought last
>sold mine immediately

>dad calls me this morning to say I should buy bitcoin and that he's made a bunch of money off the recent boom
ITS NOT FAIR
BOOOOOOOOOOOOOOOOMERS!