Showing posts with label futures. Show all posts
Showing posts with label futures. Show all posts

Curious About Trading With Leverage? This Exchange is Currently Matching Deposits for new Users!

One of the newer exchanges offering leveraged trading, Delta Exchange is currently matching people's first deposits, up to 0.01 BTC.

There's been some huge growth lately in the popularity of exchanges which offer leveraged trading, which basically you're given a loan for up to 100X the amount you actually have in your wallet.

Here, you're basically betting if the price of a coin will go up, or down.

Throw in leverage up to 100X - and $5 can control $500 worth of assets!

This is how you turn small trades that otherwise would have had small profits, into some pretty large payouts.

Of course you're asking, what's the catch? 

Honestly, there really isn't one.  What happens is the more leverage you have, the less you're allowed to be wrong.  If you bet Bitcoin is going to go up by $100, and it ends up going down by 100, you could lose everything you put up.  The more leverage you have, the smaller that number gets.  Too much leverage, and Bitcoin goes down by 50 instead of going up, could cause you a loss for example.

But you can never lose more than what you've deposited!  So there's not too much to worry about, as you should never be investing more than you can lose in ANY circimstance.

So this is a good time to take full advantage of Delta's deposit match, if you've been curious about using leverage deposit $25 and let Delta turn it into $50 for your to experiment with.

Yes it's a referral link, but it's required to get the deposit match - visit Delta Exchange here!

Note for my American friends, you won't be able to sign up without using a VPN.  The simple way would be to download the Brave Browser, a free VPN one is built in.

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Author: Mark Pippen
London News Desk


Conspiracy theory, or solid logic? Why i'm watching some corporation's plans closer than the charts - and why today's big story may be much BIGGER...

I'm no conspiracy theorist, at least not usually. But I am one among many in the cryptocurrency world who believe there were several forces at play when the bear market we're in today was triggered, some more suspicious than others.

Silicon Valley reporter Ross Davis summed it up well in a tweet:

"I hope everyone truly appreciates just how strange it is.

80%+ crash, and financial services industry responded with “WE WANT IN!”

...Just coincidence the newbies get scared off, while corporations position themselves as middlemen. Right. " 

You probably remember how it felt at the time of the 2017 peak, it shocked many that all this as happening without the blessings, or really any involvement from the usual players you find almost every time billions of dollars are changing hands.

It's like they found a way to press rewind, get a 'do over' that they sure as hell haven't wasted. One after another, the major financial institutions are setting up their cypto trading operations, developing new custody solutions, and made certain that the next time cryptocurrency explodes - they're guaranteed a piece of the pie.

I promise you - they didn't do this thinking there's just a 'small chance' of a crypto comeback.

If you're with me so far, you'll likely also agree this means the first signs the market is about to turn bullish won't be seen in the charts - our first hints will be based on what the institutional heavyweights have on the horizon - in regards to corporate planning.

What products are they putting more resources into next quarter? What are they beginning to phase out?  I believe this is the type of movement you want to watching for signals.

While there are also some standard market fundamentals pointing to a bullish market on the horizon, such as a spike in new addresses and an upturn in sentiment, something else caught my attention - CBOE announcing they'll be wrapping up Bitcoin futures trading, and the market responding positively with growth as Bitcoin breaks above $4000.

I want you to realize, CBOE's Bitcoin futures market was like training wheels for Wall Street.  They could watch Bitcoin's price movement and profit from correctly predicting it, all without ever owning any cryptocurrency tokens.

The demand for futures has dropped, while at the same time - indicators of increased interest in real Bitcoin ownership has gone up.

Those training wheels are coming off, investors who dabbled in Bitcoin futures because it was the only Bitcoin related investment offer from firms they trust, soon will have those firms offering them real Bitcoin ownership.

So OF COURSE popularity of futures trading will decline when companies like Fidelity, or Bakkt by Nasdaq, Starbucks and Microsoft will be offering people the real thing.

With CBOE's announcement, followed by price movement upward, plus in CBOE themselves making it clear they 'aren't closing the door on crypto' and hinting at another product coming - we're seeing the shift begin.

Be alert for institutional investor focused firms wrapping up the old, as they prepare to launch what's new?  While this example isn't the one that has me yelling "it's happening right now!" it is the perfect example of what to look for in these coming few months. Small steps before the running of the bulls!
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Author: Oliver Redding
Seattle News Desk


Winklevoss twins dare JP Morgan CEO to short Bitcoin - "put your money where your mouth is"...


Speaking to Fox News regarding the new Bitcoin futures market now giving disbelievers the ability to bet against Bitcoin, Cameron Winklevoss said:

"We’ve been working really hard to give Jamie Dimon an opportunity to short bitcoin... anybody who says that you know, it’s a fraud or a bubble, you can go now put your money where your mouth is, and bet against it”.

Jamie Dimon is JP Morgan Chase's CEO, and famously said back in October:

"If you’re stupid enough to buy it, you’ll pay the price for it one day".

Recently the Wall Street Journal reported on rumors that JP Morgan is looking into giving their clients access to Bitcoin futures through CME Group.

No word on if Dimon will "put his money where his mouth is".

The Winklevoss twins are the founders of the Gemini exchange, but better known as the twins who sued Mark Zuckerberg claiming they were the actual creators of facebook, as seen in the movie "The Social Network".

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Author: Oliver Redding
Seattle News Desk


Bitcoin futures market has now fully launched - look at the first full hour of trading...


As of about an hour ago, the Bitcoin futures market has launched with the world's largest player in the field - CME Group.

As CME opened their futures market from their Chicago headquarters today at 3pm (EST) - the overwhelming numbers so far show institutional investors placing their bets that Bitcoin will go even higher!  So far, comfortably predicting a price around $21,000.

Charts from the first hour of CME's trading. 

Similar results were seen last week, when CBOE (a firm much smaller than CME Group) launched their Bitcoin futures as well.

What does this mean long term for Bitcoin? The honest answer is, nobody knows.  Expert opinions range from futures giving Bitcoin the legitimacy it needs to reach $100k, with others saying eventually Wall Street will turn on cryptocurrencies and flood the market with short sells when they believe the 'bubble' has reached it's peak level.
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Author: Mark Pippen
London News Desk


Experts forced to change their tune on Bitcoin futures - as Wall Street traders place most bets on it going HIGHER...


Some "experts" are eating their words today, as the Bitcoin futures market launched Sunday with some surprising results. 

Futures allow someone to bet on Bitcoin either going higher, or lower - to the surprise of many, bets on it going higher dominated the first day of Bitcoin futures trading.

As recent as 2 days ago, CNBC's Jim Cramer was sounding the alarm, predicting the ability to short Bitcoin would finally be it's downfall, saying:

"I think the short selling is just going to annihilate people when you can start trading it. Once this thing starts trading the futures, they are just going to kibosh it.You’re going to see a lot of shenanigans.”

But what a difference a day makes!  Today Cramer had to make a full 180, saying:

"This is a very big victory for bitcoin last night, and I think a lot of people felt it would be inconceivable that when you had a two-sided market that somebody would come in. We do have other exchanges coming in."  Adding "I was hoping we'd get some price discovery. If this is the price discovery, it can head much higher"

That's right - Cramer went from predictions of Bitcoin being "annihilated" to "can head much higher" all in a span of 48 hours.

Bitcoin futures are currently trading via CBOE under the symbol "XBT".


Karan Sood, CBOE Vest CEO speaking to CNBC today said "As a first day, this was a resounding success".

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Author: Oliver Redding
Seattle News Desk


CME Ceo: Millions of dollars from Wall Street could hit the cryptocurrency market as soon as December!


Speaking today with CNBC, CME Group chairman and CEO Terry Duffy says they aim to be offering Bitcoin futures to their investors as soon as December!

He also spoke about how they will structure their investments and risk management.

"Listen, when someone says to me, 'the price is going to zero, what are you going to do?' I'm not going to let it go to zero, I'm going to implement something." he says.

CME's venture into the cryptocurrency space also brings about something new - shorting Bitcoin.  That is, betting it will decline in value.

On that topic, Duffy says "We have the longs, we have the shorts, we'll match them up at a price and that's the way our rules read today."

We all knew Wall Street was coming - they're now at the doorstep, and are about to come in.

Reactions are a mixture of warm welcomes and fears that wherever Wall Street goes, government regulators are right behind them. 

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Author: Justin Derbek
New York News Desk


Bitcoin hits all time high for it's 9th birthday today - here's why!


It's a big day for Bitcoin! 

Not only is this it's 9th birthday - it also set a new all time high record, briefly going over $6400 and hovering around $6350 at the time of this article's publishing.

The reason behind the rise in price is the announcement that CME Group said it would launch bitcoin futures before the end of 2017.

CME is an American financial market company operating the world's largest options and futures exchange, and signals yet another move from Wall Street into the cryptocurrency space.

The idea of futures may be new to some in the crypto scene, NerdWallet explains it like this:

An airline company may want to hedge its bets against an unexpected increase in jet fuel prices. Its traders will therefore seek to enter into a futures contract to lock in a purchase price closer to today’s prices for jet fuel. So they may buy a futures contract agreeing to buy 1 million gallons of JP-8 fuel, taking delivery 90 days in the future, at a price of 3 dollars per gallon.

Someone else naturally wants to ensure they have a steady market for fuel. They also want to protect themselves against an unexpected decline in fuel prices, so they will gladly enter into either a futures contract.

In this example, both parties are hedgers, rather than speculators. They are turning to the futures market as a way to manage their exposure to risk, rather than make money off of the deal directly.

These contracts aren’t just bought and sold over jet fuel, but over almost any asset that’s commonly traded. 

Now, the asset will be Bitcoin.

Bitcoin also celebrated it's 9th birthday today, which is worth giving some deeper thought.  Often cryptocurrency is talked about as if it's some untested, brand new technology. It's not.

Just months younger than the first iPhone, and one year away from being a decade old, perhaps it's time for people to accept that it's here to stay. I can't think of any other piece of 9 year old tech i'd still call "new".

Today's news seems to be a sign of exactly that, as the mainstream moving into the crypto market continues.

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Author: Ross Davis
San Francisco News Desk