Nasdaq expecting to launch Bitcoin futures in Q1 of 2019
Looks like the bear market hasn't quite scared away everyone.
In news out today reported by Bloomberg, Nasdaq Inc. said that they are moving forward with their plans of launching bitcoin futures products.
This is in spite of the fact that bitcoin is down close to 85% from where it was roughly 12 months ago.
Nasdaq said they are betting on sustained interest among investors and institutions despite the massive price drop.
Working with regulators:
Currently the Nasdaq has been working closely with the CFTC (the U.S.'s primary swaps regulator), in order to satisfy concerns that may arise with the product.
The CME and CBOE both listed bitcoin futures products late last year, but since then the CFTC has announced an enhanced review process prior to listing cryptocurrency derivatives.
Thus far, trading in bitcoin futures has been rather modest compared with expectations, though the Nasdaq hopes to change that when they launch their product, which is set to take place in Q1 of 2019.
Some more good news...
Bakkt, created by ICE (the parent company of the NYSE), is set to launch their bitcoin futures product on January 24th, 2019 as well.
Bakkt is especially interesting because it will mark the first time a fully regulated and physically settled bitcoin futures contract has ever existed.
By the time the first quarter of 2019 comes to a close, the bitcoin market may look very different than it does today, and that would be a good thing.
Here's to hoping!
Stay informed my friends.
Image Source:
https://coinpedia.org/news/nasdaq-decides-to-pursue-bitcoin-futures/
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The market does not seem to care about good news.
Nope. Just like it didn't care about bad news in late 2017 :) The good times will roll again.
Let’s hope it helps, the trader of futures thinks where in for a very long bitcoin winter. Thanks mike
I think he is probably right. I would say we are more than half way through it though. I think by mid to late 2019 prices will look a lot better in bitcoin as well as many of the alts.
I’m putting all my money on the Smoke.io token and Steem .... Bitcoin is Dead ... long Live the Bitcoin.
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Why is bitcoin dead? People have been saying an altcoin was going to dethrone bitcoin for 10 years now... still hasn't happened yet.
It is a very slow death. It is easier and faster to buy things with Litecoin and eventually Steem and Smoke.
Yes, that is true. It has been true for years now with many coins, why haven't they overtaken bitcoin? The answer is because bitcoin is the first, it is the most secure, and it has a major use case as a store of value. People wanting to use crypto for micro payments have other options, like you mentioned, though bitcoin may do that too in the future.
Yes... Bitcoin has been wonderful. I bought it back under $1000 .... but now it is too slow and too expensive ... I’d rather send Steem to someone for any good or Services.
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Yes of course, but at the end of the day, bitcoin is just software. It can be upgraded and updated. Which is what people are counting on.
test
test
test
Yeah did my first trade today in a long time to buy some steem and the amount of time it seemed to take to transfer BTC to Bittrex had me wondering if it was not time to further diversify.
Yea, I believe the average transfer time is close to 30 minutes at this point.
Bitcoin is slow and expensive .... it is useless and will die. So many better Cryptos. Steem is the fastest of all.
Steem is actually not the fastest, but it is up there. When you are talking about transactions times of 3 seconds or less though, it really doesn't matter much.
Trading with gold is slow too
Not so much slow as very heavy. 😎
Yeah!!!!
👍😁👍
Yay corndog!
Even though many have been scared away, smart money is attracted by these super low prices! Missed buying last year? Well now is your chance! I think they know a bull run is right around the corner
I am not sure it is right around the corner, but it is coming yes. I happen to think middle or late 2019 will start to look pretty good for crypto again.
i would have to agree with you i think its sooner thank the middle of next year
i believe we are very close to bottom now
you cant beat the govt organisations and the imf just announced cryptos will be the main currency when the reset comes
i wouldnt be surprised if we turn the corner before the new year is here
cheers have a great evening
I think we bounce here, like today, but then are mostly range bound for a while afterwards. Don't think we see new highs for at least 7 months. Possibly a year.
ok reasonable but im goin to call months for new highs and possible the latest
we have the same conclusion just we disagree on the timing
what do you think of qaurkchain jr while everything was dropping this crypto was holding its own and even going upward
some call it the new ethereum
have a great day and am interested in thinking what you think about that coin since you seem pretty knowledgable about the blockchain
cheers and have a great day jr
I haven't heard much about it to be honest. Do you own some?
i bought a few at just under .04 cents
i guess i will see what it does
sorry for the delay ive been busy here lots of company and too much drinking hehe have a great everning
Of course they will! They absolutely love volatility in assets as it makes for more trading and this more fees! The risk that decentralized exchanges present to these institutions has them joining rather than fighting!
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Yea it looks like the SEC is doing the fighting for them. Is the SEC going to try and shut down any and all decentralized exchanges within its reach?
Hopefully things work out, but folks including coinbase co-founder are not sure about future of crypto. it could be 0 or it could be millions. but they all agree block chain (DLB) will disrupt different industries .
Why do you say including the co-founder of Coinbase? Do you mean because he just recently left to Andreessen Horowitz
Nope instashift.io founder is my close friend.They had conversation with different exchanges including coinbase.The majority opinion is that "they just don't know" .it can be a 1 million or it can be 0. There is no doubt that DBL (block chain) is getting adopted in products and it is happening but the "crypto value" is where people are not sure. We all know for decentralized effort there got to be a mechanism to reward the work and hence the "value", but is it working? or is it viable in today's form is questionable ....
Well of course it can be any price. There are no cash flows or earnings backing anything. That is like saying gold could be $1 million or a dollar, both guesses could be right. Though I get that there is much more risk surrounding individual tokens. Once some start to gain some real utility, prices likely become more stable.
The same thoughts surrounded the internet in the early 90's. 😎
I am not doubting the use case of DLB at all. That is like internet and is gonna revolutionize many industries . Its crypto currency value capture in today's form that generating doubts. " This is not my opinion alone, but from lot of crypto project founders as well."
In order for a blockchain to work, you need a token to incentivize the use of it. Otherwise why not just use a database?!
true, it could be said as a glorified cloud database solution .. The best example to me would be JPmorgan chase quorum..They are replacing swfit as we speak with this. if I understand correctly there is no paid gas(Ether) in this architecture?
https://hackernoon.com/quorum-101-getting-started-with-quorum-9906294ea45b
Considering the average lifespan of an inflationary fiat currency is 27 years and the lifespan of a non-inflationary form of value, like precious metals, is thousands of years; my bet is on non-inflationary crypto like BTC and BCH.
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Um...does this offer another way for them to cause the prices to tank?
Though I don't think it's a smart bet to expect crypto to fall much more, so I guess shorting it or similar doesn't offer much worry anymore.
The crypto market is still extremely small...I wonder about all this fervour about futures markets now. They're cool and all, but will there be much interest? Big players could potentially buy the entire market currently.
I don't think that is the play anymore no. I think wall street helped send prices to $20k in the first place. Then they are also likely a big part of the reason for the 85% drop. They will try to run prices again, if they can.
Well, they had to get a buy in after they shit on it for so long they missed the boat. Isn't that how they do it? When you get FOMO and you have enough money, you simply drive down the price so you don't miss out.
I think they get in, drive the price up as high as they can. Then short it, and drive prices down as far as they can. Rinse and repeat.
That seems rather likely. They got in, pumped it, dumped it, wiped, and flushed. Now they're ready for another pump...if they feel like it. I think they probably will, when they feel like it, because crypto is so much easier to control, and produces such great returns, even on short term trades. I often can make 10% in a single day, or more. I've made around 20% in less than a few seconds before, thanks to being VERY quick with trades during a spike.
Yea plus they know retail wants in when it is going up, and they are the easiest to take money from.
"Looks like the bear market hasn't quite scared away everyone."
It only scared the investors who had no idea what they were into... Blockchain is here to stay, and whatever happens it will be implemented in the world. And either some important people want it to happen or not, it is inevitable, and at the same time BTC will explode with it.
This is just the confirmation that prices don't matter, because the ""ball keeps rolling"*.
Yep, I like that. The ball does keep rolling.