Bitcoin futures and options on futures - CME Group

4% Gains Likely for Bitcoin ahead, Bitcoin Futures Settlement research says

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Research: Bitcoin Futures Settlement Date Suggests 4% Gains Likely

Research: Bitcoin Futures Settlement Date Suggests 4% Gains Likely submitted by EpixDk to buyandsellbtc [link] [comments]

Research: Bitcoin Futures Settlement Date Suggests 4% Gains Likely

Research: Bitcoin Futures Settlement Date Suggests 4% Gains Likely submitted by Ranzware to BitNewsLive [link] [comments]

CoinFlex Receives $10 Million Funding for Bitcoin Futures Settlements

CoinFlex Receives $10 Million Funding for Bitcoin Futures Settlements submitted by cryptolobe to cryptolobe [link] [comments]

Hong Kong based crypto exchange nabs in $10 million; to offer Bitcoin futures settlement - BlockInspect

Hong Kong based crypto exchange nabs in $10 million; to offer Bitcoin futures settlement - BlockInspect submitted by JoyEllis to Bi18 [link] [comments]

Hong Kong based crypto exchange nabs in $10 million; to offer Bitcoin futures settlement - BlockInspect

Hong Kong based crypto exchange nabs in $10 million; to offer Bitcoin futures settlement - BlockInspect submitted by JoyEllis to CryptoCurrencyTrading [link] [comments]

bitcoin futures settlement dates

  1. What Are Bitcoin & Crypto Futures?
  2. How Does Futures Trading Work?
  3. Buying Bitcoin Futures (also called “going long” or “longing”)
  4. Selling Bitcoin Futures (also called “going short” or “shorting”)
  5. What is Bitcoin futures settlement dates?
  6. Do future settlements have an effect on Bitcoin’s price?
  7. Which online Bitcoin futures broker to choose?

What Are Bitcoin & Crypto Futures?

Crypto futures are a way to trade the future price action for crypto assets.
Bitcoin futures are the most common crypto futures, hitting the mainstream financial world around this time last year.
The Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE) listed cash-settled Bitcoin futures trading products in December last year.
Cash-settled means these futures are not backed by actual Bitcoin.
When the futures contracts expire, the value is paid out to the trader in cash instead of Bitcoin.
Online broker JEX explained futures contracts in a simple fashion.
They are “an agreement to make or take a delivery of a commodity or financial instrument at a fixed date in, you guessed it, the future.”
Each futures contract contains a specified amount of the traded product.
In the example of CBOE Bitcoin futures, each futures contract contains one Bitcoin and is settled based on the Gemini crypto exchange auction price for Bitcoin.
These futures contracts (in this case, Bitcoin) can be bought or sold at will by the trader at any point within the contract time frame, as market supply and demand dictate the price of the contract and the underlying asset (Bitcoin).
So as a trader or market price speculator, futures allow you “to take futures positions, along with their risk and opportunities, without ever having to take delivery of the underlying asset,” as explained by Trade Station.

How Does Futures Trading Work?

On the CME or CBOE, or JEX, traders can earn or lose money speculating on the price of Bitcoin, without actually buying or holding the underlying asset.

Buying Bitcoin Futures (also called “going long” or “longing”)

A significant portion of futures trading involves trading these contracts multiple times between contract open and contract expiration.
Trading Bitcoin futures often involves constantly adapting to changing market sentiment, buying and selling contracts based on Bitcoin’s spot price accordingly.
For example, say a trader named Dave decided to trade those Bitcoin monthly futures several times during a November 1st – December 1st contract period (fictional for this example).
Dave could essentially buy into a Bitcoin futures contract position at any point in this time period at market price (Bitcoin’s price at the time of purchase) and then sell at any point before the December 1stexpiration, seeing either profit or loss based on Bitcoin’s spot price.
Dave would be paid out in cash depending on the profit or loss outcome.
A specific example of a trade Dave could take, could see him buying a Bitcoin futures contract at $3,100 on November 8th, and then selling on November 10th for $3,200 (if Bitcoin’s spot price rose that much in that time period), seeing a $100 profit, paid out in cash.
Although if the price instead went from $3,100 to $2,900, and Dave sold the contract at $2,900, he would only receive a payment of $2,900 back, seeing a loss of $200.

Selling Bitcoin Futures (also called “going short” or “shorting”)

Dave also has the option to short-sell Bitcoin futures. This basically means betting that Bitcoin will fall in price in the future.
When Dave short-sells a Bitcoin futures contract, it means that he borrows one Bitcoin futures contract from someone else on the exchange and sells it, hoping to buy the contract back at a lower price and keep the price difference.
This is done by the exchange, so traders do not have to individually seek out contracts to borrow and then give back later.
For example, if Bitcoin’s spot price is at $3,000 on November 3rd and Dave thinks it will fall to $2,000 by November 18th, then he would sell a Bitcoin futures short contract utilizing CME or CBOE exchange features.
If Dave sold one Bitcoin futures contract short at $3,000 on November 3rd, and the price fell to $2,000 on November 18th, he would buy the contract back and receive a cash payout of $4,000 (his initial $3,000 plus a $1,000 profit).
In the same short trade example, once Dave entered his short position at $3,000, he would be able to close that position at any point, up until the December 1st expiration.
So if Dave sold one short contract at $3,000 on November 3rd, and Bitcoin’s spot price dropped to $1,500 on November 8th, Dave could buy that contract position back at his discretion, thus ending the trade and taking home a profit of $1,500.
On the other hand, if Bitcoin’s spot price rose to $4,500, and Dave chose to end the trade, he would terminate the contract and take a loss of $1,500.

What is Bitcoin futures settlement dates?

Contract Expiration is the date at which futures contracts expire and end trading activity. “Prior to the expiration date, traders have a number of options to either close out or extend their open positions without holding the trade to expiration, but some traders will choose to hold the contract and go to settlement,” explained CME Group on their website.
Contract settlement also occurs on a specified date. CME Group explained settlement as “the fulfillment of the legal delivery obligations associated with the original contract.” Therefore, on the specified date, the amount of the underlying asset would be given to the holder of the contract, at the market price at the time of settlement.
Since CME and CBOE Bitcoin futures are cash-settled, the contract holder would receive the fiat (USD, etc.) value of the contract’s price at the time of settlement. For further info: CME Bitcoin futures settlement dates.

Do future settlements have an effect on Bitcoin’s price?

Futures of the global stock exchanges, such as NASDAQ, do have effects on the markets. Hence, it’s widespread to think that CME, and CBOE Bitcoin futures carry the same impact on Bitcoin’s price.
This is sometimes true. Looking at the Bitcoin’s chart, compared with the futures settlement dates, often there was a price action which is likely to be ahead of the settlement event, but as you will see, not always there’s such action.
The following chart shows Bitcoin’s price ahead of the June 29 (2018) CME six-month Bitcoin futures settlement.

Which online Bitcoin futures broker to choose?

If you have a interesting in trading Bitcoin, Ethereum, EOS or other cryptocurrency futures in a professional exchange, JEX Exchange would be a good choice.
It’s the leading Bitcoin futures & options trading exchange in the world.
It's official website is as follows www.jex.com
For more questions, you could find them in the following ways

Find JEX on
JEX Twitter
About JEX
JEX Telegram
JEX Reddit
JEX Facebook
JEX Facebook Group
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JAN17 CBOE Bitcoin Futures Settlement

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Bitcoin Futures Settlement Calendar Links

CBOE - http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures
CME - https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.html
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Bitcoin Futures Settlement Calendar Links /r/Bitcoin

Bitcoin Futures Settlement Calendar Links /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

@FT: Bitcoin futures settlement necessary before ETF roll-out: Cboe https://t.co/YOrXsllBLD

@FT: Bitcoin futures settlement necessary before ETF roll-out: Cboe https://t.co/YOrXsllBLD submitted by -en- to newsbotbot [link] [comments]

CBOE Bitcoin Futures Settlement Price on Jan 8 is $15460 /r/Bitcoin

CBOE Bitcoin Futures Settlement Price on Jan 8 is $15460 /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Gemini Exchange Review 2020

Bitcoin Gemini Exchange Review 2020
If you are planning to place assets into cryptographic types of cash like Bitcoin or Ether, in any case, you do not understand where to start, this Gemini exchange review will help you with choosing.
Gemini Bitcoin Exchange Review 2020
You need yourself to be a productive advanced cash intermediary. By what technique will you become? To help you here's an exchange review, which will give every one of you the low down information required for a powerful enthusiasm for one of the most trusted in stages the Gemini Exchange.
We should find all the more right currently review
Gemini Review :
About Gemini Exchange
Twin kin developed Gemini Winklevoss in the year 2014. The Gemini exchange is arranged in New York. The Gemini crypto exchange is open in essentially all US states, similarly as UK, Canada, Puerto Rico, Singapore, South Korea, and Hong Kong. In 2016, Gemini transformed into the world's recently approved Ether exchange.
It positions 82th greatest exchange on earth as showed by 24-hour volume on Coinmarketcap. While Gemini Bitcoin and Gemini Ethereum trading volumes are high, the exchange is endeavoring with all undertakings to fight with those stages offering a predominant piece of the cryptographic types of cash, for instance, Binance.
Reinforced Currencies
Gemini offers crypto to fiat portions and a BTC/ETH grandstand, which makes it a quick contender to any similarity to Coinbase, Bitstamp, and Kraken. At present, it is one of the most respected and ensure about exchanges open. This is in light of the fact that it has more features to help secure customers against developers. Also, it is one exchange for the CBOE Bitcoin future settlement. Gemini Mobile application is directly available, which is amazingly basic and versatile to use.
How to use Gemini?

https://preview.redd.it/qnowl19fwaj41.jpg?width=720&format=pjpg&auto=webp&s=1819eeac9d4c44681c0afe616d387b60a78f7c8e
1) Go to the official site and snap the "Register" tab on the upper right corner.
Enter your name, email address, and mystery word for your own record. While affirming your email address, it is critical to :
Affirm your email address and enter both your region and phone number, by then you can set up 2-Factor Authentication (2FA) which will be an additional layer of security to your record.
Incorporate your monetary equalization. Starting at now, Gemini recognizes simply bank moves and wires, as a methodology for putting away holds.
To check your record, move your organization ID proof. This will help you with executing and trade US Dollars. Moreover, it will help Gemini with as per the Bank Secrecy Act (BSA) and Anti Money Laundering (AML) rules. The affirmation time may run from a couple to a couple of days.
Subsequent to completing of all the above strategies, you can use your record for financing.
gemini crypto exchange
2) Deposit Currency
In the Menu, click Transfer Funds, by then find a good pace Bank Transfer and Exchange. Enter the whole you have to store here. Moreover, note $500 consistently is the most extraordinary most extreme for Bank moves.
3) Trading Bitcoin and Ethereum
As you store by methods for bank move, they are quickly available for trading. you can purchase by encountering the menu and picking your supported trading pair. For example, for Bitcoin BTC/USD similarly as Ethereum ETH/USD.
In the wake of embeddings the expense and sum it will process your buy demand. There is another choice to trade by methods for the business community which has exhibit orders gave by various customers.
After the fulfillment of your purchase, your record will be acknowledged with your Ethereum just as Bitcoin purchases. You can sell your computerized cash on the Gemini crypto exchange. Regardless of the way that you can't make a withdrawal until your bank move has been completely arranged.
gemini sponsor organization
4)Trading Limits
By and by, For most trade strategies, there are no limitations on trades. In any case, Automated Clearing House (ACH) moves have the greatest store most remote purpose of $500 day and $15,000 consistently for singular record holders. Associations have a state of restriction for making ACH stores of $10,000 consistently or $300,000 consistently.
Gemini Marketplace
There is a Gemini business focus that runs 24*7. Here, you can have indistinguishable number of solicitations from you wish to have, with a variety of trading choices. These include:
Market Orders – With the present best open worth, the solicitations here starting dealing with quickly against resting orders.
Purpose of repression Orders – The sum is filled at or better than a given expense. The sum which isn't dispatched lays on the solicitation book diligently until it is filled or dropped.
Brief or Cancel (IOC) Limit Orders – The sum is filled at or better than a given expense. The sum which isn't filled rapidly is dropped and doesn't lay on the perpetual solicitation book.
Maker or Cancel (MOC) Limit Orders – The sum lays on the solicitation book continually at a foreordained expense. Furthermore, the entire solicitation is dropped if there is any sum that can be filled immediately.
All solicitations made on this stage are totally sponsored and fill in as a full hold exchange. In any case, there is no edge trading Gemini. Despite that, reliably the customer's record equality should have more balance than the exceptional excitement on demand books. Also, all open solicitations decline your available leveling until they are fulfilled or dropped
Gemini Fees
In the event that there ought to be an event of moves, Gemini crypto exchange has a low cost technique and stage customers can store Bitcoin, Ether, at freed from charges for both bank and wire moves. In any case, banks will charge a cost for the customers to wire money to their Gemini account. Withdrawals on the stage are free and all customers will have 30 free withdrawals for each calendar month.
Any withdrawals more than this total will pull in costs comparable to the mining charges payable on either sort out. The costs are around 0.001 BTC or 100,000 Satoshi per trade on the Bitcoin Network and 0 GWei or 0 ETH per trade on the Ethereum Network.
MakeTaker charges
0.25% is the trading costs for both sellers(makers) and buyers(takers). If it shows up at certain trade volumes, charges will be reduced. The maker charge is 0% for 30-day trading volumes that outperform 5,000 Bitcoin or 100,000 Ether. For a comparable trading entirety, the taker run after will bubble to 0.10%.
Gemini uses dynamic maker and taker charge or reimbursement timetable, and sellers can get reimbursement on liquidity-creation trades. The particular entireties depend upon net trading volumes and the buy and sell extent over a multi day time allotment. The data are adjusted as expected and more information on charges can be found here.

https://preview.redd.it/exgucn9gwaj41.png?width=225&format=png&auto=webp&s=34fc66d46df40444abcc9ac61308106b2e3f57c0
charges
Concerning purchases, the base purchase whole for Bitcoin is 0.00001 BTC, or 1000 satoshis, for Ether, the base sum is 0 .001 ETH
Security-at-Gemini
Bitcoin Gemini Reviews, is a strong exchange that has a better than average reputation in everyone. The exchange goes about as a way into the universe of cryptographic cash trading. This may be in light of the fact that various customers first quit concerning purchasing Bitcoin and Ethereum. In comprehension to Coinbase, Gemini has a near space. Wherein it allows its customers to make trade clearly to and from their records.
Gemini is a not too bad choice, for people looking to securely trade either Bitcoin or Ethereum. The exchange is a potential decision for new competitors to the market similarly as logically settled sellers who like to make trades by methods for their monetary adjusts.
Latest News
Dec 17, 2019: Well realized cash related pro association State Street picked Gemini exchange for the new propelled asset pilot adventure.
Nov 19, 2019: Gemini exchange wanders into NFT's and acquired Nifty Gateway Solution, a phase to buy Non-Fungible Tokens.
Nov 14, 2019: The exchange added Stop-Limit to the solicitations being executed on the stage.
Sep 11, 2019: Gemini dispatches Gemini Custody with 18 cryptographic types of cash
Sep 5, 2019: Gemini Clearing™, a totally electronic clearing and settlement answer for off-exchange exhibited by the stage
Aud 27, 2019: Gemini Joins the Silvergate Exchange Network
Aug 22, 2019: Gemini loosens up and reaches to Australia
April 15, 2019: Gemini wallet support Segwit
Gemini Bitcoin Exchange Review
Rundown: How to Buy Bitcoins by means of Gemini
Register a record at Gemini and check email code sent to you.
Set up two-factor validation (2FA).
Give checked ID as a major aspect of the confirmation procedure.
Include ledger.
Store cash by clicking "Move Funds", "Store into Exchange" and afterward picking the sort of bank move.
Snap "Purchase" catch and round out the buy structure to get BTC.
Is Gemini Safe?
Gemini is extremely worried about its clients' wellbeing, in this manner it utilize three arrangements of security...
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Gemini Comparison with Other Exchanget
To exchange bitcoins you have to initially peruse and think about various BTC trades...
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In Which Countries Is Gemini Available?
You can arrange bitcoins through Gemini nearly in any nation, yet discover where you can't...
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Guide: Buying BTCs at Gemini
It is anything but difficult to purchase bitcoins on Gemini trade, knowing the essential standards and prerequisites...
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FAQ
Discover to what extent the exchange takes, how to pull back BTCs and what strategies for...
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Practically equivalent to Bitcoin Exchanges
We have arranged a rundown of trades, notwithstanding Gemini, that can assist you with requesting bitcoins...
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With developing worth and system, bitcoin is ready to turn into the main online resource in the realm of ventures.
Gemini bitcoin trade survey
This article is worried about one of the most well known trades with regards to BTC exchange, Gemini.
What Is Gemini?
Gemini is one of the realized digital money trades that offer an assortment of exchange apparatuses for speculators that have some involvement with the business. The organization that claims the stage is enrolled as LLC in New York State, USA, offering USD to BTC and USD to ETH exchange trade.
Purchase BTC at Gemini
Propelled in 2015, Gemini offers two unmistakable commercial centers, them being:
customary trade administrations;
bitcoin barters.
Upon its appearance, the stage offered its administrations in the US just, bit by bit including different nations all the while. The organization is possessed by the Winklevoss twins, who guarantee that they are have about 1% of the complete BTC volume.
Winklevoss siblings are Gemini's proprietors
Gemini Security
With regards to the wellbeing of your assets, Gemini applies three arrangements of safety efforts that should be referenced. To start with, the stage applies advanced money safety efforts by offering hot and cold stockpiling wallets, where cold wallets have multisig capacities to forestall hacking endeavors at your equalizations.
Gemini security
The subsequent measure is identified with the exchange where the entirety of the exchanges at Gemini are led through pre-financed accounts, implying that merchants and purchasers can't post orders on the off chance that they don't have adequate BTC or fiat monetary forms in their parities. Finally, the site security comprises of two-factor verification (2FA) and HTTP encryption of all data in regards to merchants and stage's exchanges from outsiders.
Accessible Payment Methods
As of now, Gemini acknowledges stores communicated distinctly in ACH (for US dealers) and wire moves (for every other person) communicated in USD. Credit or check cards, money stores, PayPal and numerous different alternatives are wanted to be remembered for the future however are not accessible at the present time.
Buy bitcoin by means of wire move
You ought to buy in to the Gemini news source since the organization will promote the new store strategy through that channel of correspondence.
Shouldn't something be said about Fees?
While saving or pulling back your assets communicated in fiat or computerized monetary forms, dealers would find that the administrations are done totally free. Then again, Gemini charges exchange expenses are charged dependent on a month to month net exchange volume. Taker charges can extend from 0.15% to 0.25% while creator expenses from 0% to 0.25%.
Expenses at the trade
Does Gemini Have Limits?
Cryptographic money and wire stores and withdrawals don't have any constraints forced on dealers, implying that in the event that you utilize the said administrations, you can buy, sell and pull back bitcoins with no deterrents. Singular American financial specialists utilizing ACH move, then again, have $500 every day and $15.000 month to month while institutional individuals have $10.000 day by day and $300.000 month to month store limits.
No restrictions for purchasing bitcoin
Gemini Comparison
When thinking about exchanging at any trade, you should hope to analyze the administrations, expenses and impediments with other comparative stages. In this manner, we have assembled an examination investigation where we benchmarked Gemini against two other well known decisions with regards to BTC buy: Kraken and Coinbase.
Gemini versus Kraken
Kraken, much the same as Gemini, acknowledges bank moves just, with the significant contrast being that Kraken permits 5 fiat cash stores. Notwithstanding bitcoin, there are 14 more altcoins that you can exchange with at Kraken while the two trades force check on their customers as they are both controlled organizations.
Gemini versus Kraken
Kraken is fundamentally the same as Gemini as far as expenses, as creatotaker charges go somewhere in the range of 0% and 0.26%. Bank moves do accompany little expenses at Kraken while Gemini acknowledges stores for nothing. In conclusion, while Gemini exchanges two or three nations in particular, Kraken is all around accessible.
Coinbase versus Gemini
Coinbase is viewed as one of the biggest bitcoin suppliers on the planet, offering its administrations in 32 nations, USA notwithstanding. The installment strategies at Coinbase are PayPal, bank moves and credit/check cards, two more than Gemini.
Request bitcoins by means of Coinbase trade
Confirmation is an absolute necessity have at Coinbase, much like in Gemini while expenses are a ton lower at Gemini, as you pay between 1.49% to 3.49% from exchange's an incentive at Coinbase. The two trades offer BTC vaults and wallet administrations while Coinbase additionally exchanges with Litecoin which are inaccessible at Gemini.
Gemini BTC Exchange in Different Countries
Gemini's administrations are accessible in a bunch of nations around the globe, them being the US (5 states not upheld), Canada, Japan, South Korea, Hong Kong, Singapore and the United Kingdom. The five US expresses that are not bolstered are Alaska, Arizona, Hawaii, Oregon and Wisconsin.
Gemini trade in various nations
Is It Legal?
Gemini is an American LLC that adheres to New York Banking Law guidelines, actualizing BSA (Bank Secrecy Act) and AML (Anti-Money Laundry Compliance Program) arrangements, implying that customary reviews of the BSA/AML programs are being executed. Moreover, the firm requires all merchants to have reserves pre-saved before the exchange.
Bitcoin Gemini Price, is legitimate
Another significant factor of the stage's lawfulness is the way that since its beginning, Gemini has promptly accessible money related report dating 7 years back.
Does Gemini Support Its Customers?
Concerning the client service, Gemini has a thorough FAQ page where a large portion of the exchanging questions have been replied. Notwithstanding the FAQ, you can likewise top off a shape and present a solicitation to the Gemini group with respect to any issue that you may look on the stage.
Gemini client service
Because of the regular upkeep of the site's administrations, Gemini has a "Status" page where financial specialists can see which administrations and API instruments are working right now and which are definitely not.
Manual for Buy Bitcoins from Gemini
When you have gotten the cash at your Gemini account, click "Purchase" button on the dashboard page.
Buy page for bitcoins at Gemini
Presently, round out the structure on the right, giving request type, volume or estimation of BTC you wish to get and click "Purchase" to get bitcoins in your record immediately. Try to check the BTC cost at the upper left piece of the "Purchase" page to ensure it has not changed at the time you have begun the buy procedure.
Enrollment
It is totally allowed to enroll a record at Gemini bitcoin trade and the procedure begins once you click "Register" button at the upper right corner of the site. Give your complete name, email address and secret key in subsequent stage and snap "Make My Account".
Make account at Gemini
You will get an email code which you should duplicate glue into the Gemini's check page.
Contribution of enactment code on Bitcoin Gemini Registration
The accompanying advances will open up for you to finish, in this way you have to arrangement your 2FA security apparatus, include a financial balance and give checked ID to finish the enrollment methodology.
To what extent Should I Wait for Verification?
Check stage can take between an hour and a day, contingent upon various enlistment applications Gemini has right now you have begun the procedure. You ought to set up every single essential report before you start and arm yourself with persistence as a stage would set aside effort to process your data.
Confirmation process at Gemini
Would you be able to Get Bitcoins Without Verification?
At the enlistment page, you are required to check your personality and frog your financial balance. When you have presented the records, you can't enter the stage's exchange page until the help affirms your subtleties. In this way, it is unimaginable to expect to buy supply of bitcoins without confirmation.
Obligatory confirmation before purchasing BTCs at Gemini
How to Add Money to Account?
When you have finished the enrollment and confirmation of your record, click button "Move Funds", situated in the top segment of your dashboard page. In following stage, click "Store Into Exchange" and pick either USD or Wire alternative, contingent upon what financial balance you have included at enrollment stage.
Add assets to Gemini account
You can likewise store bitcoins in your Gemini wallet too.
Store BTCs in the Gemini wallet
At the last phase of wire move subsidizing process, you have to give bank's wiring data, for example, your record number and other significant data that can be found by clicking "Bank Settings".
Give bank's wiring data
When data has been given, basically click "Store" button which will show up at the base of the page.
Secure Your Account
Keep the entirety of your record and wallet passwords out of the programmer's compass by continually evolving them. Monitor the new secret key by keeping in touch with them down on a bit of paper as to not overlook them meanwhile.
Record with 2FA on trade
You as of now have 2FA from the enlistment stage and don't give your private data to some other dealer on the stage.
FAQ
To what extent Does It Take to Make Transaction?
It takes 4 to 5 days to store assets in your Gemini account while exchanges themselves are done following you the exchange started. Diverse request types have distinctive length, contingent upon what dealer wishes to accomplish.
Sitting tight for exchanges on the trade
Would i be able to Buy Bitcoin with PayPal at Gemini?
Now, brokers can't utilize PayPal as store technique at Gemini. You ought to buy in to the trade's news channel as to get warnings if the strategy opens up to store alternative later on.
Does Gemini Have a BTC Wallet?
The stage offers two kinds of wallet administrations, one being "hot" wallet and another being vault stockpiling. Both are based just, with the principle contrast being that vault stockpiling gives extra security keys that are utilized while moving bitcoins all through the wallet. Along these lines, vault administrations are esteemed as more secure than the standard BTC wallet.
Gemini wallet
Pulling back Your Bitcoins from Gemini
At the dashboard page, click "Move Funds" and afterward "Pull back From Exchange" to begin the procedure. Pick bitcoins to continue towards the withdrawal structure. Determine the measure of BTC you with to escape the trade and give your wallet address. Snap "Survey Withdrawal" and check the data. When you are fulfilled, click "Affirm" to end the procedure. Your coins will show up inside 24 hours to your ideal area.
Pull back BTC from Gemini
Instructions to Order BTC with Credit/Debit Card at Gemini
As with PayPal, it is preposterous to expect to buy bitcoins with the assistance of credit or charge cards at Gemini, since the choice isn't accessible right now. Stay aware of trade's news and declarations as the CC/DC choice may open up later on.
Gemini Mobile App
Portable stages are yet to be created by Gemini, implying that exchange is accessible on perusing stage as it were. Watch out for the declaration, as the organization may make the push towards telephone exchange not so distant future.
Purchase BTC just on Gemini perusing stage
Gemini Analogs
Aside from Gemini, we at BitcoinBestBuy have checked on numerous different stages that can assist you with getting bitcoins effectively and securely. They all change regarding local accessibility, expenses, buy strategies and confirmation necessities, so make a point to check different articles also.
Get BTC at digital money stages
Coinbase Exchange Review
Being one of the biggest BTC exchanging stages the world, we made a survey of their charges, store choices and other important data with respect to the trade. We have likewise given bit by bit controls on the best way to buy and pull back assets and coins from Coinbase.
Coinbase survey
Full Review Coinbase Bitcoin Gemini Exchange
Find out About Kraken
Kraken is another trade that offers bitcoins through bank moves and its administrations are all inclusive accessible. We made a survey of Kraken's advantages and disadvantages, giving our customers a diagram of the trade as far as expenses the organization charges, check prerequisites and buy procedures of the stage.
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An Analysis Of Bitcoin Market Reaction When CME Futures Contracts Expire

An Analysis Of Bitcoin Market Reaction When CME Futures Contracts Expire

https://preview.redd.it/itm2np7xit621.png?width=512&format=png&auto=webp&s=3c9d526c73e9d0ba2720a1859d7133b8ffe64487
https://cryptoiq.co/an-analysis-of-bitcoin-market-reaction-when-cme-futures-contracts-expire/
The Federal Reserve says the Bitcoin Futures on the Chicago Mercantile Exchange (CME) are the reason the Bitcoin bear market began. Indeed, the Dec. 17, 2017 launch date of the CME Bitcoin futures coincided with the beginning of Bitcoin’s crash from $20,000 to as low as $3,100 in December 2018.
This is perhaps due to immense short selling pressure combined with the printing of vast quantities of paper Bitcoins on CME. The Bitcoin futures on CME are operated by Globex, the same organization that suppresses global gold prices via the printing of paper gold on COMEX.
Aside from the long term damaging effects on the Bitcoin market, it seems possible that there are shorter term impacts associated with the expiration of futures contracts. The CME Bitcoin futures contracts for a particular month expire on the last Friday of the month, except if there is a holiday in the United Kingdom or United States. A full list of CME Bitcoin futures contract expiration dates can be found at this link.
This expiration date marks the benchmark used to payout profits and losses, and it is possible that futures traders manipulate the price of Bitcoin to optimize their profits. For example, when short selling, a common practice is “banging the close,” in which traders manipulate the underlying asset’s spot price to drop lower to increase profits from short selling. It is also possible for traders in long positions to manipulate the market to go higher right as the expiration happens, which could perhaps also be called “banging the close.”
In this analysis, Crypto.IQ explores the actual data to see if there is any anomalous activity around the time CME futures contracts expire.
First, the CME Bitcoin futures expiration dates are overlaid on a chart from Bitcoinwisdom.com for the entire year of 2018, and there is an additional line for the launch date on Dec. 17, 2017, which makes it extremely clear that the genesis of the CME Bitcoin futures market had a substantial impact on the Bitcoin market from the very beginning.

https://preview.redd.it/8aqln0m0jt621.png?width=970&format=png&auto=webp&s=5751776ddc8cfb25993d8de185a584c7fad59a6a
Without doing any deep analysis, it seems that many significant peaks and dips in the Bitcoin market coincide with the CME Bitcoin futures expiration dates. This would suggest there is plenty of banging the close occurring.
Crypto.IQ will analyze each of these CME Bitcoin future settlement dates individually to get a clearer picture.

https://preview.redd.it/6a0g7ygajt621.png?width=968&format=png&auto=webp&s=81fa6613a62600518ce37e92620ccf545b362175
The line at the left side of the chart shows the date that CME Bitcoin futures launched, Dec. 17, 2017. The line at the right side (not to be confused with the far right line which is the Y axis) shows the date the first Bitcoin futures contract on CME expired, Jan. 26, 2018.
This contract was an extreme win for short sellers, and despite an attempted rally around the 2018 New Year, the market had declined to $11,000 by the time the contract expired. There is no sign that there is an acute case of banging the close, but perhaps banging the close was not even needed at the expiration since the market fell so hard. It is possible that CME futures traders banged the close all month long.

https://preview.redd.it/bogjh9zbjt621.png?width=968&format=png&auto=webp&s=2e9d4eea9893b6319650985d67a814a3dacdee9d
The line in the above chart shows the second CME Bitcoin Futures contracts expiration on February 23. In this case, banging the close seems pretty obvious. An attempted bounce-back rally that peaked five days before the expiration was stomped out, and Bitcoin hit a local minima right around the time the contracts expired. Then the rally re-starts and continues into early March.
The February futures expiration date perhaps gives an understanding of how the CME Bitcoin futures can be very detrimental for the market long term. If traders made short sell bets on Bitcoin, but then Bitcoin begins to have a serious rally, they may coordinate to end the rally. In this case, Bitcoin rallied from $6,000 to nearly $12,000, only to crash below $10,000 when the expiration occurred.
Bitcoin then returned exactly to the peak of this rally near $12,000 once the futures contracts expiration was over. The question is, how high would Bitcoin have rallied if there were not people manipulating the spot market to better their short positions on the futures markets?

https://preview.redd.it/frxwul6djt621.png?width=966&format=png&auto=webp&s=ae017a73be69b350cedb6f00846f4749fbe2f696
The March 29 Bitcoin futures expiration is an excellent example of banging the close. The volume speaks a thousand words, since selling rapidly accelerated and peaked right when the futures contracts for March expired. This futures contracts expiration dropped Bitcoin below $7,000, and it took at least 10 days for the Bitcoin market to recover from this bottom that was likely induced by CME futures-related manipulation. This March expiration is a good example of how a major Bitcoin price crash can be related to the monthly CME Bitcoin futures contracts expiration.

https://preview.redd.it/z43jptdejt621.png?width=966&format=png&auto=webp&s=7011e58f319bea23372cd94745e8e5b5c7805da5
After the catastrophic Bitcoin futures contracts expiration in March, perhaps many traders thought Bitcoin had bottomed out, and a rally soon started after a 10-day recovery period. The rally continued until the April 27 futures contracts expiration, making it an excellent month for long traders. There is an obvious volume peak 2-3 days before the contract expiration, and a $1,000 price crash. It seems possible that this $1,000 price crash was short sellers banging the close to cut losses and perhaps was mitigated by people in long positions banging the close in the other direction.
The turbulence around the futures contracts expiration perhaps significantly slowed the rally. It re-started a few days after the expiration occurred but quickly lost steam and reversed. This may be another example of a bounce-back rally getting rekt by CME Bitcoin futures-related manipulation, but it is impossible to know for sure.

https://preview.redd.it/ptr621kfjt621.png?width=966&format=png&auto=webp&s=09db86fbc9a996a647f6a0df6d37756cffc27d23
Between the April 27 and May 25 CME Bitcoin futures expiration dates, the bounce-back rally was entirely liquidated as short sellers took back the helm. There appears to have been some obvious banging the close activity 3-5 days before the May contracts expired, with high volumes and a $1,000 price crash. The market stopped dropping once the May contracts expired, and was steady until the middle of June.
This brings up another interesting effect of the CME Bitcoin futures. If a crash occurs around the time of contract expiration, then the market usually has some time to ‘relax’ after the expiration. This makes it more clear that banging the close is a serious issue.

https://preview.redd.it/5pvpjnvgjt621.png?width=965&format=png&auto=webp&s=18eef5670218840589f5d0bdc679e3e88bd2429f
The price of Bitcoin once again crawled lower as the June 29 CME Bitcoin futures contract expiration approached and reached a minimum below $6,000 within about a day of the expiration. After the expiration was complete, the market “relaxed” and rallied off lows. The June expiration once again has the tell-tale signs of banging the close.

https://preview.redd.it/bunjz0uhjt621.png?width=970&format=png&auto=webp&s=0b5f7916cc02bfbb607b26f30e47b31ff100514f
Short selling and banging the close lower is not the only option, and perhaps not a good option once Bitcoin has fallen too much. Prior to the July 27 expiration, the market had been rallying, and the rally peaked over $8,000 around the time the expiration occurred. Then the market began declining within days after the July contract expired. This could be a good example of CME futures traders going long, and perhaps helping Bitcoin’s price to go higher. Once they got their long profits, then they may have collectively decided it was time to squeeze money out of short selling again. The timing of the peak of this rally seems too exact to be a coincidence.

https://preview.redd.it/9xzagepqjt621.png?width=970&format=png&auto=webp&s=62941c4fee1827a029601ad629e8837b0a648853
After the July expiration, the market crashed below $6,000 and then began to steadily rise, probably from an overall consensus that the Bitcoin price was near its support level, and it was a good time to buy. There is no sign of banging the close to stop the slight rally when the Aug. 31 expiration occurred. It is important to note that short sellers would have still had nice profits since overall Bitcoin declined $1,000 during August.
A few days after the August contracts expired Bitcoin crashed hard, just like what happened days after the July contracts expired. This brings up the possibility that CME futures traders are doing far more than banging the close. They may be preemptively banging the market right after they buy their monthly contracts, which would cause market panic, widespread selling, and far lower prices than they could achieve from their own manipulation.

https://preview.redd.it/l5kufb1sjt621.png?width=968&format=png&auto=webp&s=9a39cf30b01b591e507fcae3c0fae671b885172d
After the hard crash right after the August expiration, the Bitcoin market went sideways. There is signs of banging the close around the September 28 expiration since volume increased and price dipped right as the expiration occurred. Overall, September was another good month for CME short sellers.

https://preview.redd.it/am8l381tjt621.png?width=970&format=png&auto=webp&s=27ccd94b8fb6aad0c774b55a2971716f6c2e4e61
The trend in October was very flat, and when the expiration happened on Oct. 26, there wasn’t much action. There was almost no change in price during October, and this may have created an environment where an equal amount of longs and shorts were present, and much fewer positions overall. Perhaps when the market does not move much in either direction banging the close does not happen.
November will go down as one of the worst months in 2018 for Bitcoin and the crypto market, however. The Bitcoin Cash fork around Nov. 14 coincided with a crash below Bitcoin’s $5,800 support level. The SEC issued devastating enforcement actions against Paragon (PRG) and Airfox (AIR) and said that would be the protocol for ICO enforcement going forward. Further, Bakkt delayed the launch of physical Bitcoin futures, which is something many investors were looking forward to.
One thing ignored by most people’s market analysis of this crash is that the CME futures traders probably placed large short sell positions and perhaps manipulated the market to crash harder than it should have. The market stopped crashing 4 days before futures contracts expired on Nov. 30, and there appears to be a nice $400 price dip right before the November contracts expired.

https://preview.redd.it/z14l602ujt621.png?width=1024&format=png&auto=webp&s=9549991b93d0f1fb68bc056c290b95642bc38319
Zooming in on the Nov. 30 contracts expiration makes it obvious that the close was banged to lock in maximum short selling profits for November.
The December 2018 CME futures contracts expire on Dec. 28, and in 2019, the schedule is Jan. 25, Feb. 22, March 29, and June 28. It seems these dates will be important for Bitcoin traders, since as the above analysis shows, the spot market often crashes right when expiration happens on down months, and during up months the rally usually peaks right around the expiration date. Only if the market is totally stable all month, like it was in October 2018, the expiration date does not have much significance.
There is plenty of evidence, based on these charts, that CME Bitcoin futures traders are participating in banging the close to increase their profits. There is also a disturbing trend of the Bitcoin market crashing days after contracts expire. This is perhaps traders who take up short positions for the new month launching their ammunition early to cause a major crash, which is perhaps more profitable for them than the small movements they can cause when banging the close. Multiple bounce-back rallies in 2018 died days after contracts expired, which is likely simultaneous with CME futures traders taking up their short positions.
Another worrisome factor is that any actual bad news, like the Bitcoin Cash fork and SEC enforcement, may be blood in the water for CME futures traders. The November crash ended right before the contracts for November expired, making it seem like the CME futures traders launched their ammunition to crash the market when the market was already crashing due to bad news, greatly amplifying the overall crash.
Perhaps the Commodity Futures Trading Commission (CFTC) should consider that the relatively small size of Bitcoin, which has less than a $100 billion market cap, is inappropriate for Globex futures since it is too easy to manipulate.
submitted by turtlecane to CryptoCurrency [link] [comments]

The Security Trilemma and the Future of Bitcoin - by Raphael Auer, Bank of International Settlements

There are two links by Raphael Auer, an article in Coindesk:
https://www.coindesk.com/the-halving-exposes-bitcoin-to-51-attacks-heres-what-we-can-do
and a paper: Beyond the doomsday economics of “proof-of-work” in cryptocurrencies https://www.bis.org/publ/work765.pdf
There is one mention of Monero in the paper:
What is the economic potential of this new means of exchange? This paper analyses the underlying economics of how Bitcoin achieves payment finality, ie how it seeks to make a payment unalterable once included in the blockchain, so that it can be considered as irrevocable. It then discusses the future of this type of cryptocurrency in general. The focus lies on the technical elements underlying Bitcoin and its blockchain, as devised by Nakamoto (2008). But its conclusions extend to cryptocurrencies that are slightly modified clones of Bitcoin (eg Bitcoin Cash, Bitcoin SV, or Litecoin) or digital tokens that, so far at least, share the crucial reliance on proof-of-work to underpin their payment finality (eg Ethereum or Monero).
I have a major criticism of the paper: One simply cannot extend the conclusions of this paper from Bitcoin to Monero because Monero has a tail or minimum emission and Bitcoin does not.
This is made abundantly clear from his article.
Bitcoin will either become more centralized---, or its liquidity could dry up, or its supply needs to grow beyond the originally envisioned 21 million coins.
The author is either unaware of the tail emission in Monero or has chosen to ignore it. Of course Monero does stand in the way of
The overall conclusion from this paper is that, at least judging based on current technologies, in the digital age too, good money is likely to remain a social construct rather than a purely technological one: the efficiency of decentralised exchange via proof-of-work exclusively is much lower than would appear at first sight, and alternative technologies still need to demonstrate that they can function without institutional backing.
In other words Monero stands in the way of the conclusion that we still need the banks.
Now before simply dismissing this as a hit piece on Bitcoin and POW cryptocurrency in general as some of the comments in bitcoin imply https://np.reddit.com/Bitcoin/comments/gh1l5g/the_halving_exposes_bitcoin_to_51_attacks_heres/ Raphael Auer, actually makes some very valid points in his analysis of the cost vs reward of a 51% attack on Bitcoin or say Bitcoin Cash as the block reward fall to zero. In fact it actually makes a very strong case for Monero with its tail emission and adaptive blocksize, by pointing out the weaknesses in the Bitcoin "fee market" to replace the bock reward.
submitted by ArticMine to Monero [link] [comments]

An Analysis Of Bitcoin Market Reaction When CME Futures Contracts Expire

An Analysis Of Bitcoin Market Reaction When CME Futures Contracts Expire

https://preview.redd.it/4laoebgght621.png?width=512&format=png&auto=webp&s=bbab63738455359a4736cb5187585d9b743a4662
https://cryptoiq.co/an-analysis-of-bitcoin-market-reaction-when-cme-futures-contracts-expire/
The Federal Reserve says the Bitcoin Futures on the Chicago Mercantile Exchange (CME) are the reason the Bitcoin bear market began. Indeed, the Dec. 17, 2017 launch date of the CME Bitcoin futures coincided with the beginning of Bitcoin’s crash from $20,000 to as low as $3,100 in December 2018.
This is perhaps due to immense short selling pressure combined with the printing of vast quantities of paper Bitcoins on CME. The Bitcoin futures on CME are operated by Globex, the same organization that suppresses global gold prices via the printing of paper gold on COMEX.
Aside from the long term damaging effects on the Bitcoin market, it seems possible that there are shorter term impacts associated with the expiration of futures contracts. The CME Bitcoin futures contracts for a particular month expire on the last Friday of the month, except if there is a holiday in the United Kingdom or United States. A full list of CME Bitcoin futures contract expiration dates can be found at this link.
This expiration date marks the benchmark used to payout profits and losses, and it is possible that futures traders manipulate the price of Bitcoin to optimize their profits. For example, when short selling, a common practice is “banging the close,” in which traders manipulate the underlying asset’s spot price to drop lower to increase profits from short selling. It is also possible for traders in long positions to manipulate the market to go higher right as the expiration happens, which could perhaps also be called “banging the close.”
In this analysis, Crypto.IQ explores the actual data to see if there is any anomalous activity around the time CME futures contracts expire.
First, the CME Bitcoin futures expiration dates are overlaid on a chart from Bitcoinwisdom.com for the entire year of 2018, and there is an additional line for the launch date on Dec. 17, 2017, which makes it extremely clear that the genesis of the CME Bitcoin futures market had a substantial impact on the Bitcoin market from the very beginning.

https://preview.redd.it/wwjmycelht621.png?width=970&format=png&auto=webp&s=4012ea47e73e19bb80913c4c62690855c804cc13
Without doing any deep analysis, it seems that many significant peaks and dips in the Bitcoin market coincide with the CME Bitcoin futures expiration dates. This would suggest there is plenty of banging the close occurring.
Crypto.IQ will analyze each of these CME Bitcoin future settlement dates individually to get a clearer picture.

https://preview.redd.it/af5s5vjnht621.png?width=968&format=png&auto=webp&s=3d60dc8e3ea84ac4862277b3655c6d78d0589245
The line at the left side of the chart shows the date that CME Bitcoin futures launched, Dec. 17, 2017. The line at the right side (not to be confused with the far right line which is the Y axis) shows the date the first Bitcoin futures contract on CME expired, Jan. 26, 2018.
This contract was an extreme win for short sellers, and despite an attempted rally around the 2018 New Year, the market had declined to $11,000 by the time the contract expired. There is no sign that there is an acute case of banging the close, but perhaps banging the close was not even needed at the expiration since the market fell so hard. It is possible that CME futures traders banged the close all month long.

https://preview.redd.it/78c13stpht621.png?width=968&format=png&auto=webp&s=ae930dd2798ab9f33c95119a2e70eb7d7d6d8fc5
The line in the above chart shows the second CME Bitcoin Futures contracts expiration on February 23. In this case, banging the close seems pretty obvious. An attempted bounce-back rally that peaked five days before the expiration was stomped out, and Bitcoin hit a local minima right around the time the contracts expired. Then the rally re-starts and continues into early March.
The February futures expiration date perhaps gives an understanding of how the CME Bitcoin futures can be very detrimental for the market long term. If traders made short sell bets on Bitcoin, but then Bitcoin begins to have a serious rally, they may coordinate to end the rally. In this case, Bitcoin rallied from $6,000 to nearly $12,000, only to crash below $10,000 when the expiration occurred.
Bitcoin then returned exactly to the peak of this rally near $12,000 once the futures contracts expiration was over. The question is, how high would Bitcoin have rallied if there were not people manipulating the spot market to better their short positions on the futures markets?

https://preview.redd.it/dz7zokqrht621.png?width=966&format=png&auto=webp&s=69d0459da89dcf7813c62b599ccb9d968e80eb77
The March 29 Bitcoin futures expiration is an excellent example of banging the close. The volume speaks a thousand words, since selling rapidly accelerated and peaked right when the futures contracts for March expired. This futures contracts expiration dropped Bitcoin below $7,000, and it took at least 10 days for the Bitcoin market to recover from this bottom that was likely induced by CME futures-related manipulation. This March expiration is a good example of how a major Bitcoin price crash can be related to the monthly CME Bitcoin futures contracts expiration.

https://preview.redd.it/7pnl3eitht621.png?width=966&format=png&auto=webp&s=919e6ff7764a8391721ec6dbcfc7624f76751d54
After the catastrophic Bitcoin futures contracts expiration in March, perhaps many traders thought Bitcoin had bottomed out, and a rally soon started after a 10-day recovery period. The rally continued until the April 27 futures contracts expiration, making it an excellent month for long traders. There is an obvious volume peak 2-3 days before the contract expiration, and a $1,000 price crash. It seems possible that this $1,000 price crash was short sellers banging the close to cut losses and perhaps was mitigated by people in long positions banging the close in the other direction.
The turbulence around the futures contracts expiration perhaps significantly slowed the rally. It re-started a few days after the expiration occurred but quickly lost steam and reversed. This may be another example of a bounce-back rally getting rekt by CME Bitcoin futures-related manipulation, but it is impossible to know for sure.

https://preview.redd.it/lrlox1rvht621.png?width=966&format=png&auto=webp&s=ac786ce0a56ec8ac1b0f1e48d90deaee9bd18f41
Between the April 27 and May 25 CME Bitcoin futures expiration dates, the bounce-back rally was entirely liquidated as short sellers took back the helm. There appears to have been some obvious banging the close activity 3-5 days before the May contracts expired, with high volumes and a $1,000 price crash. The market stopped dropping once the May contracts expired, and was steady until the middle of June.
This brings up another interesting effect of the CME Bitcoin futures. If a crash occurs around the time of contract expiration, then the market usually has some time to ‘relax’ after the expiration. This makes it more clear that banging the close is a serious issue.

https://preview.redd.it/z7bk2upxht621.png?width=965&format=png&auto=webp&s=1970ba07b79358da7e576980c7eb6a4e4baa19f7
The price of Bitcoin once again crawled lower as the June 29 CME Bitcoin futures contract expiration approached and reached a minimum below $6,000 within about a day of the expiration. After the expiration was complete, the market “relaxed” and rallied off lows. The June expiration once again has the tell-tale signs of banging the close.

https://preview.redd.it/osgo1ygzht621.png?width=970&format=png&auto=webp&s=5b0246ce328345a5d4b4206821cf3bc96e728b13
Short selling and banging the close lower is not the only option, and perhaps not a good option once Bitcoin has fallen too much. Prior to the July 27 expiration, the market had been rallying, and the rally peaked over $8,000 around the time the expiration occurred. Then the market began declining within days after the July contract expired. This could be a good example of CME futures traders going long, and perhaps helping Bitcoin’s price to go higher. Once they got their long profits, then they may have collectively decided it was time to squeeze money out of short selling again. The timing of the peak of this rally seems too exact to be a coincidence.

https://preview.redd.it/v4hpvq71it621.png?width=970&format=png&auto=webp&s=905adb9eaeee4fca793ffec7c89a2dbcdf59514f
After the July expiration, the market crashed below $6,000 and then began to steadily rise, probably from an overall consensus that the Bitcoin price was near its support level, and it was a good time to buy. There is no sign of banging the close to stop the slight rally when the Aug. 31 expiration occurred. It is important to note that short sellers would have still had nice profits since overall Bitcoin declined $1,000 during August.
A few days after the August contracts expired Bitcoin crashed hard, just like what happened days after the July contracts expired. This brings up the possibility that CME futures traders are doing far more than banging the close. They may be preemptively banging the market right after they buy their monthly contracts, which would cause market panic, widespread selling, and far lower prices than they could achieve from their own manipulation.

https://preview.redd.it/zgodm663it621.png?width=968&format=png&auto=webp&s=04f69337fcc68733cca955e6111eaf2ed554fc6f
After the hard crash right after the August expiration, the Bitcoin market went sideways. There is signs of banging the close around the September 28 expiration since volume increased and price dipped right as the expiration occurred. Overall, September was another good month for CME short sellers.

https://preview.redd.it/37hkk0hbit621.png?width=970&format=png&auto=webp&s=f43d3adc4145da71e08402e71e70d18835d17b37
The trend in October was very flat, and when the expiration happened on Oct. 26, there wasn’t much action. There was almost no change in price during October, and this may have created an environment where an equal amount of longs and shorts were present, and much fewer positions overall. Perhaps when the market does not move much in either direction banging the close does not happen.
November will go down as one of the worst months in 2018 for Bitcoin and the crypto market, however. The Bitcoin Cash fork around Nov. 14 coincided with a crash below Bitcoin’s $5,800 support level. The SEC issued devastating enforcement actions against Paragon (PRG) and Airfox (AIR) and said that would be the protocol for ICO enforcement going forward. Further, Bakkt delayed the launch of physical Bitcoin futures, which is something many investors were looking forward to.
One thing ignored by most people’s market analysis of this crash is that the CME futures traders probably placed large short sell positions and perhaps manipulated the market to crash harder than it should have. The market stopped crashing 4 days before futures contracts expired on Nov. 30, and there appears to be a nice $400 price dip right before the November contracts expired.

https://preview.redd.it/bsz90oqdit621.png?width=1024&format=png&auto=webp&s=88c7ee05749af55519814a76de76732f197280c9
Zooming in on the Nov. 30 contracts expiration makes it obvious that the close was banged to lock in maximum short selling profits for November.
The December 2018 CME futures contracts expire on Dec. 28, and in 2019, the schedule is Jan. 25, Feb. 22, March 29, and June 28. It seems these dates will be important for Bitcoin traders, since as the above analysis shows, the spot market often crashes right when expiration happens on down months, and during up months the rally usually peaks right around the expiration date. Only if the market is totally stable all month, like it was in October 2018, the expiration date does not have much significance.
There is plenty of evidence, based on these charts, that CME Bitcoin futures traders are participating in banging the close to increase their profits. There is also a disturbing trend of the Bitcoin market crashing days after contracts expire. This is perhaps traders who take up short positions for the new month launching their ammunition early to cause a major crash, which is perhaps more profitable for them than the small movements they can cause when banging the close. Multiple bounce-back rallies in 2018 died days after contracts expired, which is likely simultaneous with CME futures traders taking up their short positions.
Another worrisome factor is that any actual bad news, like the Bitcoin Cash fork and SEC enforcement, may be blood in the water for CME futures traders. The November crash ended right before the contracts for November expired, making it seem like the CME futures traders launched their ammunition to crash the market when the market was already crashing due to bad news, greatly amplifying the overall crash.
Perhaps the Commodity Futures Trading Commission (CFTC) should consider that the relatively small size of Bitcoin, which has less than a $100 billion market cap, is inappropriate for Globex futures since it is too easy to manipulate.
submitted by turtlecane to Bitcoin [link] [comments]

How to get started with BOSCore - To meet future demand our technical team is developing solutions to not only support expansion plan of one billion BOSCore accounts but also the potential to support Bitcoin, Ethereum and EOS while retaining security for high value transaction settlement.👍

How to get started with BOSCore - To meet future demand our technical team is developing solutions to not only support expansion plan of one billion BOSCore accounts but also the potential to support Bitcoin, Ethereum and EOS while retaining security for high value transaction settlement.👍 submitted by eosjohn to eos [link] [comments]

I think it was Naive of bitcoin's community to allow wall street to taint the currency with their presence.

I remember watching Andreas talk about helping set a bitcoin settlement price to allow the CME a mechanism in which to price bitcoin settlements at expiration. This inadvertently facilitated bitcoin futures settlements across the board not just for CME. I think the bitcoin community as a whole underestimates the effect of unlimited wall st money and the corruption that comes with it into our ecosystem. The original intent was the provide an alternative to government backed fiat so that people could "opt out" of a system they perceived to be unfair and not marry the systems together. I think the community believes the culture and beliefs of hodlers will help purify wall st but in actuality wall st money has a much higher chance of corrupting the hodler community. As we know it, money is a form of control and do any of you really think bitcoin can escape the eye of a group of people with unlimited amounts of money who sit around thinking of ways to keep control all day? I believe the majority of last year's run-up was the result of big money silently "taking control". When they hold enough BTC (just as whales do) they will do with the ecosystem as they please. Interested to hear opposing viewpoints.
submitted by uncanny_optomist to Bitcoin [link] [comments]

Bakkt’s Bitcoin Futures Settled in Bitcoin Overtakes Cash Settlement - Crypto Press

Bakkt’s Bitcoin Futures Settled in Bitcoin Overtakes Cash Settlement - Crypto Press submitted by cryptoallbot to cryptoall [link] [comments]

CME Group Releases Specs on Bitcoin Futures Contracts

Contract Unit 5 bitcoin, as defined by the CME CF Bitcoin Reference Rate (BRR) Minimum Price Fluctuation Outright: $5.00 per bitcoin = $25.00 per contract Calendar Spread and Basis Trade at Index Close (BTIC): $1.00 per bitcoin = $5.00 per contract Trading Hours CME Globex and CME ClearPort: 5:00 p.m. – 4:00 p.m. CT Sunday – Friday BTIC: 5:00 p.m. - 10:00 a.m. or 11:00 a.m. CT (4:00 p.m. London Time) Sunday - Friday Product Code Outright: BTC BTIC: BTB Listing Cycle Nearest 2 months in the March Quarterly cycle (Mar, Jun, Sep, Dec) plus the nearest 2 "serial" months not in the March Quarterly cycle. Contract months for initial listing: Dec 2017, Jan 2018, Feb 2018, Mar 2018. Termination of Trading Last Day of Trading is the last Friday of contract month. Trading in expiring futures terminates at 4:00 p.m. London time on Last Day of Trading. Position Limits Spot Position Limits are set at 1,000 contracts. A position accountability level of 5,000 contracts will be applied to positions in single months outside the spot month and in all months combined. The reportable level will be 25 contracts. Block Minimum 5 contracts Price Limits Price limits for a given Business Day are made by reference to the most recent Bitcoin Futures settlement price, settled at 4:00 p.m. London time each Business Day. Special price fluctuation limits equal to 7% above and below prior settlement price and 13% above and below prior settlement price and a price limit of 20% above or below the previous settlement price. Trading will not be permitted outside the 20% above and below prior settlement price. Settlement Cash settled by reference to Final Settlement Price, equal to the CME CF Bitcoin Reference Rate (BRR) on Last Day of Trading. 
submitted by lgats to btc [link] [comments]

In the future bitcoin may be the base settlement layer for global value transfer.

IMO second layers make peer to peer electronic cash a reality. The Bitcoin chain because of its security becomes the base settlement layer for the most economically dense transactions/settlements. The base layer will not only be for Bitcoin settlement though, I think all value transfers (that need robust security) will settle on it via bitcoin collateralized smart contracts.
Thoughts?
submitted by kalapa108 to Bitcoin [link] [comments]

Bakkt platform launched regulated options and settlement futures for bitcoin

Bakkt platform launched regulated options and settlement futures for bitcoin

https://preview.redd.it/9tairwcwds341.jpg?width=900&format=pjpg&auto=webp&s=431aa7b73e76706c0010f288e9d4a1ad293d9de5
Bakkt trading platform has launched the first regulated bitcoin options and futures contracts with settlements in Fiat currency in the U.S.
As Bakkt pointed out in its blog, these products complement existing bitcoin futures contracts. The management of the platform recalled that in 2001 Bakkt's parent company, ICE, created a supply futures contract for oil-ICE Brent Crude Oil Futures. In the future, it was used to create additional oil contracts, including futures, options and swaps. Bakkt stated that it is going to similarly create new products based on the first delivery of bitcoin futures.
According to Bakkt, options with monthly settlements are regulated for the first time by the U.S. Commodity Futures Trading Commission (CFTC). Bakkt options are tied only to futures regulated in the U.S. at the Federal level and will not be affected by the unregulated bitcoin spot market.
As for the second product, futures with settlements in traditional currency, initially they will be available on the Singapore exchange ICE Futures Singapore. The contract is based on the estimated price of a" benchmark " monthly BTC futures contract and is an alternative for those users who cannot trade bitcoin supply contracts.
#Bakkt #options #futures #derivatives #bitcoin #trading #USA
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CoinFlex, review of the best live bitcoin futures exchange and trading platform Crypto Trading #14 - Technical Analysis Bitcoin Futures - JB Trader How Bitcoin Futures Will Affect Price How to Trade Bitcoin Futures for Beginners

One Bitcoin futures contract (each futures contract equals 5 bitcoin) Minimum Price Fluctuation: Regular Tick: $5 per bitcoin ($25 per contract) for premium > $25 per bitcoin ($125 per contract) Reduced Tick: $1 per bitcoin ($5 per contract) for premium at or below $25 per bitcoin ($125 per contract) Trading Hours: CME Globex: 5:00 p.m. – 4:00 p.m. Central Time Sunday – Friday. CME ... Bitcoin Futures Exchange Contract Settlement Times. Here you can see all the top bitcoin futures exchange's weekly and daily settlement times. Longer term contracts usually settle on Friday. Different exchanges have different standards, see the bitcoin futures settlement countdown clock below and click the links to learn more: Refresh. Loading settlement times... It can be really annoying ... As with a stock or commodities futures, Bitcoin futures allow investors to speculate on the future price of Bitcoin. CME offers monthly Bitcoin futures for cash settlement.   Bakkt offers ... When you buy (or go long) a Bitcoin futures contract, you enter an agreement to receive the agreed amount of Bitcoin or the equivalent amount of money depending on the agreed contract settlement. However, since most exchanges only allow cash settlements, Bitcoin wallets are not a necessity since the participants receive returns in terms of cash rather than the physical Bitcoins. Introduction to Bitcoin futures and daily settlement This is the first in a series of articles in which I explore cryptocurrency futures trading, available on platforms like Bitmex and Deribit . I’ve recently been learning about cryptocurrency futures trading, and am finally grasping some of the core concepts.

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CoinFlex, review of the best live bitcoin futures exchange and trading platform

Bitcoin futures launch tomorrow (Dec. 10) on CBOE and on December 18th for CME Group. Many people speculate that the cause for Bitcoin's run-up recently is over anticipation for these Bitcoin futures. This video will explain to you the basics of Bitcoin Futures and how they work. This will cover margin requirement, settlement dates, leverage, long, short, and trading hours. Cboe Bitcoin futures ... Physical settlement Professional platform provided by Trading Technology Fast order submission and execution No downtimes, no "system overload" Reliable Low fees Multiple advanced order types No ... With the Bitcoin Futures January 2018 Contract Settlement Date fast approaching, I walk though the Daily Price Action since its availability with the CBOE and CME since December 2017.

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