CME to add BTC Futures Contract

[Justin]

Bitchcoin sounds like an ICO for a seventh tier shitcoin.

[MrPrena]

It is scary how S&D is. When there are demand for pig shit, people will sell for premium. If over bought/sold, market will correct itself real Damm fast.

Beanie babies, mortgage backed securities, beaver furs, and tulip mania are great historical examples.

Even precious metal are not immuned. If a 25 mile radius meteor which is made with Au (hypothetically speaking) landed on earth.........dudeeeeeeee Chicago Merchantile exchange will halt gold market for few days.

[Justin]

I wonder how many of the critics of bitcoin are shorting it now...

[BladesNBarrels]

Okay.
Today, in less than 24 hours, the Bitcoin price went up over $1,000 to $10,900.
I keep equating the frenzy to the Tulip collapse in the 1600's, but now I am wondering where is the intrinsic value?
Bloomberg Magazine had an article that "preppers" are switching from holding gold to holding bitcoins.
They're saying that the internet will be the first thing re-established after any apocalypse and bitcoins are more secure than gold.
Aside from international transfers without government interference, what is happening?

[MrPrena]

Okay.
Today, in less than 24 hours, the Bitcoin price went up over $1,000 to $10,900.
I keep equating the frenzy to the Tulip collapse in the 1600's, but now I am wondering where is the intrinsic value?
Bloomberg Magazine had an article that "preppers" are switching from holding gold to holding bitcoins.
They're saying that the internet will be the first thing re-established after any apocalypse and bitcoins are more secure than gold.
Aside from international transfers without government interference, what is happening?

As I stated on #24, I also see this as potential Tulip Mania type [one of the] biggest bust in the market soon. I think the demand is steadly increasing due to some illegal/gray area market people.
If they get regulated more as time goes by, the bitcoin MEGA SHORTS will cash in. Bull can make $ now, and bear can make $ later.
As for me, I will just .

There are hundreds of better investments than bitcoin, and I just need to find one.

[Mazin]

December 18th is the intro date for the BTC future......Btw hope all of you were on the winning side of the dip today.....dow down 350 to come back and just close a bit shy, lots of money being made.