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RE: Wall Street Banks Revolt Against Bitcoin Futures Contracts Launch
Thanks @virtualworld92. In your last paragraph do you really mean to use the word "reliability"? I ask that because of my sense that one foundation of futures trading is that it helps market participants in addressing unreliability of prices. Or do I have this wrong?
More importantly, I have been assuming that the Big Boys with their trading robots have been "chomping at the bit" to get into derivative instruments in the cryptocurrencies precisely because of the huge volatility. This volatility promises huge short-term profits (and losses of course) for these traders. No?
Maybe you are right... but in my opinion regarding to Bitcoin it is something else than it would be in the normal way...
I agree, and I feel the volatility is too high to satisfy any people except the short-term traders (who no doubt love it).