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01-02-2018, 03:53 AM
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#1
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,820
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Bit Coin futures
when you go long coffee, cotton, cattle, gold, silver or any other commodity that has futures trading, you always have the option to take delivery of that item. with Bit Coin, there is no physical product. how does one take delivery on something that does not exist?
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01-02-2018, 08:43 AM
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#2
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Registered User
Join Date: May 2010
Posts: 5,005
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I guess the same way one takes delivery when they play S&P Futures. In other words, there is no delivery option - you are just making a bet.
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01-02-2018, 08:44 AM
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#3
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Registered User
Join Date: May 2011
Posts: 22,698
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01-02-2018, 09:10 AM
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#4
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Registered User
Join Date: Dec 2016
Posts: 157
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Futures killed the volatility of BTC. It's been stuck between mid 12s-high 13s for quite some time. Staying long, no more trading for me.
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01-02-2018, 09:42 AM
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#5
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Veteran
Join Date: Mar 2010
Posts: 5,222
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Is there anywhere I can invest by betting this fake product bursts into the thin air that it is?
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01-02-2018, 11:14 AM
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#6
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Registered User
Join Date: Dec 2016
Posts: 157
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Quote:
Originally Posted by Fager Fan
Is there anywhere I can invest by betting this fake product bursts into the thin air that it is?
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Cryptocurrencies are the monies of the future, they are here to stay. It doesn't surprise me old people don't understand and/or can't grasp the concept.
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01-02-2018, 11:43 AM
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#7
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Veteran
Join Date: Mar 2010
Posts: 5,222
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Quote:
Originally Posted by BaffertsWig
Cryptocurrencies are the monies of the future, they are here to stay. It doesn't surprise me old people don't understand and/or can't grasp the concept.
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First I'm now at nearly as old as you think and spent years writing computer code, so put I sock in it. Second, only fools are trading in imaginary currency. I assume you are one.
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01-02-2018, 11:55 AM
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#8
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Registered User
Join Date: Dec 2016
Posts: 157
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I'd say when Amazon plans on accepting several cryptocurrencies as payment for goods they should no longer be dismissed as "imaginary."
This "fool" has a ROI of nearly 900% for 2017 in cryptos, how'd your investments do?
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01-02-2018, 11:57 AM
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#9
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Bitcoin is like Tinker Bell. You gotta believe!
__________________
A man's got to know his limitations. -- Dirty Harry
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01-02-2018, 12:07 PM
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#10
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Pace Cappa
Join Date: Apr 2002
Location: Canada
Posts: 4,649
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It is very hard to cash out any significant amount now. Can you imagine when
the house of cards fall
Z
__________________
http://www.youtube.com/watch?v=J2hFZ8KnsSo
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01-02-2018, 12:09 PM
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#11
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Registered User
Join Date: May 2011
Posts: 22,698
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Quote:
Originally Posted by BaffertsWig
Cryptocurrencies are the monies of the future, they are here to stay. It doesn't surprise me old people don't understand and/or can't grasp the concept.
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So what if they are here to stay? What does that have to do with their value and if they are going to get more expensive or less?
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01-02-2018, 12:20 PM
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#12
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Registered User
Join Date: Dec 2016
Posts: 157
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Quote:
Originally Posted by davew
So what if they are here to stay? What does that have to do with their value and if they are going to get more expensive or less?
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I was replying to Fager's comments.
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01-02-2018, 12:30 PM
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#13
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Registered User
Join Date: Dec 2001
Location: JCapper Platinum: Kind of like Deep Blue... but for horses.
Posts: 5,302
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Quote:
Originally Posted by Fager Fan
First I'm now at nearly as old as you think and spent years writing computer code, so put I sock in it. Second, only fools are trading in imaginary currency. I assume you are one.
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Suppose someone had the foresight to purchase (say) $50.00 worth of Bitcoin back in Feb, 2011 or March, 2011...
Fyi, back then a single Bitcoin was selling for approximately one US Dollar.
Right now as I type this, that $50.00 investment would be worth more than $600k.
Would you still characterize that person as a fool?
-jp
.
__________________
Team JCapper: 2011 PAIHL Regular Season ROI Leader after 15 weeks
www.JCapper.com
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01-02-2018, 12:33 PM
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#14
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,813
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Quote:
Originally Posted by Ocala Mike
I guess the same way one takes delivery when they play S&P Futures. In other words, there is no delivery option - you are just making a bet.
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Bingo
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01-02-2018, 12:55 PM
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#15
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Veteran
Join Date: Mar 2010
Posts: 5,222
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Quote:
Originally Posted by Jeff P
Suppose someone had the foresight to purchase (say) $50.00 worth of Bitcoin back in Feb, 2011 or March, 2011...
Fyi, back then a single Bitcoin was selling for approximately one US Dollar.
Right now as I type this, that $50.00 investment would be worth more than $600k.
Would you still characterize that person as a fool?
-jp
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Yes. Just because there happens to be other fools don't make you less of a fool.
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