RE: Bitcoin Futures: How they work and what it means for you
Your article represents an important contribution, in my opinion @cybermechanic, at this crucial juncture in the history of trading cryptocurrencies. One reason it is crucial is that, despite all the excitement about the wonderful price increase in bitcoin, it seems reasonably clear that for now bitcoin has failed in its original purpose; which was to be a payment mechanism that would help us to transfer small sums of money around the world to and among people without bank accounts.
Not only are we now dealing with "digital gold", even if we never trade a single bitcoin futures contract if we plan to hold our “gold” for the long-term, I think we had better take some time to understand the basics of futures trading and the potential behaviors of the Big Boys (and their robots) who will be carrying out that trading.
Not only am I up-voting on following you, I'm deepening my study of futures trading (where I have no background, in contrast to options trading), and I'm hoping to make my own contributions to "Newbie learning" concerning the trading of bitcoin futures. My contributions will focus on making certain concepts clear to my fellow futures Newbies.
Cheers!
Fantastic , and your engagement is highly appreciated. I will follow back to ensure that I am also up to date with your posts which I hope to learn from. Thank you for contribution to the ecosystem.
Regards
Welcome! I am not interested in posting often, so when i think I have something that may be of interest to you, I will try to get hold of you to let you know about it.
In the meantime, I invite you to see my latest post here https://steemit.com/bitcoin/@lestatisticien/bitcoin-could-make-you-rich-but-bitcoin-futures-traders-may-be-the-king-s-men , and also hop over to my web site (the link to it is embedded in my post).
Cheers!