Yes, Bitcoin entering the futures market is great for everyone. Regulated markets makes distributive ledger legit. So this thing is real. With news coverage massive market spikes its getting more popular and more valuable. I know your waiting for the big BUT. Well, Here it is ...
Futures can manipulate markets. They create abundance when there is scarcity. These manipulations drive "unreal" price action. They say, it is so the market does not swing so much, when in reality this adds contracts on coin that will never exist. This leads to a inflated market that is controlled and regulated.
I wonder, Since bitcoin is eating up market after market, the CBOE may find itself "tits up" due to Crypto-traders moving to Alts. I believe bitcoin will always be gold. But try to use gold to buy a car or a house, not happening.At least not easily. In the past people used gold, but they used copper and silver for day to day trading. Making the ratios higher for silver and copper while it was being used for trade. Today, we use fiat and the silver ratio has slipped from the long time 27:1 to where it is today. Furthermore, during this slip futures trading has added tons of gold to the market that never existed manipulating and holding back the price for slow steady gains rather than a free market.
I wonder how good this move is in the long run for Bitcoin. Will it help create an adverse affect to all regulated markets when/if it is the gold to whichever altcoin claims the majority of transactions. This could disrupt markets worldwide. Will people realize this is not bitcoin becoming more valuable. Bitcoin exposes hyperinflation of US dollars. Inflation is only possible in a regulated market. Bitcoin is not worth more....Dollars are worth less. NOT WORTHLESS Just worth less than they were yesterday.![download (6).jpg]