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CME to add BTC Futures Contract
Should be avalible Q4, wonder what the volume and volitelity will look like, its going to be interesting to watch regardless.
http://www.zerohedge.com/news/2017-1...oin-futures-q4
Just read an article with Jordan Belfort talking about BTC and other Crypto Currencies and he said that those are a bigger scam than what he ever used to pull.
What's your opinions?
Never bought into the whole bitcoin crap to begin with.
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While the dollar is fiat and backed by nothing more than the good graces and inferred stability of the US govt, at least it has that. Bitcoin is a "currency" backed by nothing but the current market value. It does not have tangible presence, usefulness or value other than that ascribed by other people wanting it. With that in mind, bitcoin is very similar to a pyramid scheme. Investing in it is riding the bubble that currently exists. When it falls from favor, the price will tank, as it has before.
But..... there are a wide variety of "financial vehicles" that are not much different, but have been around a while, so are more accepted. I think the aspect that bothers me is that Bitcoin is pushed as a currency. But it is more of an investment like a security. You cannot really buy stuff with it and most people own it as an investment, not as a tool to transfer exchange value. Sure, there are some stores that will accept it, but probably more will accept gold for transaction, but we don't call gold a currency. Hell, I bet there is somewhere you can walk in with bearer bonds or other similar items and buy something with them. Doesn't make them currency, just has trade value.
14 . Always carry a change of underwear.
Easier for the NSA to track than duffle bags of cash. Or steal from your account.
+1Originally Posted by sigmanx
It seems the primary use of cryptocurrencies is untraceable payment for cryptolocker malware keys.
Does anybody want to buy any "carbon credits"?
Liberals never met a slippery slope they didn't grease.
-Me
I wish technology solved people issues. It seems to just reveal them.
-Also Me
I remember when the bitcoin value was 25 cents. I should have bought a $1000 worth. But then I read that some investors were wiped out by a hacker. I guess it is just like women, I don't understand them.
Few of people on this forum in the past did good on bit coin trade.
I personally do not do bitcoin litcoin currencies.
Eta: this is as starange as MBS.
Last edited by MrPrena; 10-31-2017 at 20:46.
Gonna be weird
Last edited by Not_A_Llama; 01-07-2023 at 07:47.
9mm - because they don't make a 9.1mm
The CME has been one big morass of corruption going back at least to when they let Corzine raid depositor accounts (at MF Global) to pay off debts to JP Morgan, even accounts with assets that MF Global had no claim to. Probably goes further back than that but I have had no interest (other than potential criminal prosecution) in the CME since the Corzine and MF Global.
Bitcoin shot up past $6600/BTC today. Freaking incredible.
Ethereum seems to be holding steady.
RATATATATATATATATATATABLAM
If there's nothing wrong with having to show an ID to buy a gun, there's nothing wrong with having to show an ID to vote.
For legal reasons, that's a joke.
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