Bitcoin (BTC) is up by +22% in a single day, valued at over $14,600

Re:Bitcoin (BTC) is up by +22% in a single day, valued at ov... by watoc on Wednesday December 06, 2017 @08:16PM (#15866753)

Futures on Bitcoins will be introduced next week on CBOE and the week after on CME.

I wonder if we will still see this kind of crazy rallies as it will be easier to short it.

[ Parent | on HN ]

Re:Bitcoin (BTC) is up by +22% in a single day, valued at ov... by tudorconstantin on Thursday December 07, 2017 @01:26AM (#15868096)

If one wants to short the CBOE/CME futures and also be hedged, he'd need to go long on spot price. That will only increase its price.

[ Parent | on HN ]

Re:Bitcoin (BTC) is up by +22% in a single day, valued at ov... by thisisit on Wednesday December 06, 2017 @08:28PM (#15866828)

Given the futures will be cash settled there is going to be a disconnect. So it will be interesting to see if the crazy rallies do end.

[ Parent | on HN ]

Re:Bitcoin (BTC) is up by +22% in a single day, valued at ov... by zzxxddere333 on Wednesday December 06, 2017 @08:40PM (#15866889)

The run up is a result of the futures. It legitimizes bitcoin.

No one in their right mind is going to short bitcoin unless they want to risk losing their shirts.

[ Parent | on HN ]