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Old 01-02-2018, 03:53 AM   #1
lamboguy
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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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Old 01-02-2018, 08:43 AM   #2
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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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Old 01-02-2018, 08:44 AM   #3
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cash settled

http://www.cmegroup.com/trading/equi...fications.html
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Old 01-02-2018, 09:10 AM   #4
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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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Old 01-02-2018, 09:42 AM   #5
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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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Old 01-02-2018, 11:14 AM   #6
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Is there anywhere I can invest by betting this fake product bursts into the thin air that it is?
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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Old 01-02-2018, 11:43 AM   #7
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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.
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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Old 01-02-2018, 11:55 AM   #8
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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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Old 01-02-2018, 11:57 AM   #9
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Bitcoin is like Tinker Bell. You gotta believe!
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Old 01-02-2018, 12:07 PM   #10
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It is very hard to cash out any significant amount now. Can you imagine when
the house of cards fall

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Old 01-02-2018, 12:09 PM   #11
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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.
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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Old 01-02-2018, 12:20 PM   #12
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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?
I was replying to Fager's comments.
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Old 01-02-2018, 12:30 PM   #13
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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.
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?


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Old 01-02-2018, 12:33 PM   #14
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Quote:
Originally Posted by Ocala Mike View Post
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.
Bingo
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Old 01-02-2018, 12:55 PM   #15
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Quote:
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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

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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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