Are there going to be bitcoin futures every month?
Are there going to be bitcoin futures every month?
Xavier Murphy
Robert King
oh shit
Kevin Cooper
Oh shit
Nathan Jones
what even are bitcoin futures? why does it effect the market?
Hudson Gomez
...
Jordan Smith
This. I don't understand how some dudes buying or selling btc futures contracts on a Chicago exchange would affect the price of bitcoins on other exchanges? Which one leads the other? When they buy or sell futures are they actually buying coins on other exchanges? If not, then whats the connection? Maybe someone can explain.
Caleb Edwards
Well, their success depends on the price. I don't know if this is all bullshit or not, it's plausible, but people seem to think that prices are being manipulated to fulfill the shorts and longs of the futures contracts by large scale institutional whales it seems.
Bentley Scott
its a bet on what the price will be in 30 days.
alot of those people who bet on it usually know something others dont, like know a whale that can manipulate the market in the last day to meet the expectation of the price.
so its a psychological move if some investor says bitcoin will be worth 7k by the end of the month, people will be scratching their heads.
Samuel Carter
Litterally nobody give a fuck about a couple of boomers betting on Bitcoin price.
They always closed at a different price, always shorting it.
Any brainlet can short or long on Bitmex, as far as Wall Street shark could, there's no real purpouse about futures.
Tyler Mitchell
What if they go long next time?