Bitcoins

Price surging on news of official start to futures by CME and CBOE

Derivatives marketplace operator CME Group will launch a bitcoin futures product on December 18, ending speculation as to when the much-anticipated offering would be available in the U.S.

In a press announcement, CME said it has self-certified the initial listing of the product and that it has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to do so. The reveal comes just weeks after CME indicated via its website that it would launch the product on December 11, before retracting the remarks.

The cash-settled contracts will find investors buying exposure to a custom reference rate created by CME and partner Crypto Facilities, and will not require the custody of the asset. The rate uses data from exchanges including Bitstamp, Kraken, itBit and GDAX.
Still, at launch, Duffy explained the bitcoin futures product will be subject to risk management tools, including a margin of 35 percent, position and intraday price limits.

https://www.wsj.com/articles/bitcoi...ars-of-manipulation-hacks-glitches-1512907201

 

if anyone is interested to see a Map of Cryptocurrency check this out.

http://mapofcoins.com/bitcoin

 

The Red Coats are coming...

The Australian Transaction Reports and Analysis Centre (Austrac), the country's financial intelligence agency, has received the go-ahead to monitor bitcoin exchanges.

The news means cryptocurrency exchanges in the country will have to register with Austrac and be placed on a dedicated register. They will also be required to set up other procedures, including countering the risks of money laundering and terrorism financing, verifying customers' identities, and maintaining some records for seven years.

https://www.coindesk.com/australian-finance-watchdog-to-monitor-bitcoin-exchanges/

 

$30K by Friday.

 

Check out last week's Bitcoin 7 day candle on the acx.io trading platform.

The price started at $16,375. The highest traded price was $26,499 and the lowest $14,910. That lowest price point occurred yesterday when the price went into freefall, and I mean freefall - like straight down and really, really fast. It didn't stay at the low for long as buyers piled in to get the cheap coins. By the end of the day it had climbed to $22,995, which is more than 2k higher than the opening price of the day. My take on it all is, don't panic sell, don't panic buy and have a well thought out plan that isn't made while watching the price.

 

Sorry, messed up the chart when trying to edit the post. Here it is.

 

A stop loss is a guaranteed loss.

 

Did this mate actually make this purchase? They'd now be worth $14.6M

 

I'm officially a member of the 21 million club. Those daily deposits were a killer - cost me thousands in lost profits. Anyway, I'm done now. Bitcoin to the moon!

 

How come you have to make daily deposits (some of us don't know why)

 

The provider I chose (Coinjar) had a cap on Bpay payments of AUD$2,500 per business day. So that's the max I could buy each day.

On day one that got me 0.18 BTC

Today the same amount got me just 0.09 BTC

I'm sure there are services which allow much larger daily deposits, but I felt comfortable with CoinJar.

 

No. He was actually work colleague. I caught up with him during the last boom and he was disappointed he didn't follow through. The IT guy in the office definitely has a large sum. He wont disclose it, smart move, but I am guessing he would have millions now. More money for his projects, he's an avid robot wars player and also been spending a lot on his charger.

 

I thought you were somehow locked into a payment schedule, cheers

 

It didn't happen Friday, but you might not be far off with this prediction. The current USD price is at an all time high of 19,300. The AUD price is at 26,200. If Bitcoin goes above the previous AUD high of 26,499, achieved in the previous seven day period, then I think it will move to 30k fairly quickly. Mind you, in crypto, anything can happen, so we'll see.