Anonymous ID: 110806 Dec. 11, 2017, 9:45 a.m. No.73565   🗄️.is 🔗kun   >>3579 >>3595

>>73467

>>73542

>>73547 hehe sorry for shouting ;)

 

FUTURE paints PAST (kek)

 

https://www.coindesk.com/cmes-bitcoin-futures-likely-start-trading-december-11/

 

http://www.businessinsider.com/bitcoin-futures-cme-terms-2017-11

 

"UPDATE (20th November 9:57 EST): In a statement to Reuters, a representative for CME Group said that the Dec. 11 launch date posted online "was due to an error" with the website.

 

The statement on the CME website now reads: "Effective Q4 2017, and pending all relevant regulatory review periods, please be advised that CME will launch bitcoin futures.""

 

4th QUARTER (kek)

 

"CME Group, one of the largest exchange groups in the world, announced last week it will roll out a bitcoin futures contract in the fourth quarter.

 

The announcement has generated a lot of buzz on Wall Street, and sparked a big rally in the cryptocurrency. Bitcoin climbed from $6,100 on October 30 (the day before the announcement) to more than $7,000 on November 7.

 

Futures, which allow two parties to exchange an asset at a specified price at an agreed upon date in the future, have been around since the late 19th century. In some cases, when a futures contract settles the buyer of the contract can receive their payment in the product itself (a barrel of oil, say), or in cash. The latter are referred to as cash settled futures. CME's bitcoin futures will settle in cash."

Anonymous ID: 110806 Dec. 11, 2017, 9:48 a.m. No.73595   🗄️.is 🔗kun   >>3603 >>3650

>>73565

What are futures?

Futures, which allow two parties to exchange an asset at a specified price at an agreed upon date in the future, have been around since the late 19th century. They are traditionally traded by professional investors and firms.

 

CME trades futures based on everything from oil to corn. In some cases, when a futures contract settles the buyer of the contract can receive their payment in the product itself (a barrel of oil, say), or in cash.

 

The latter are referred to as cash settled futures.

 

For instance, an investor can buy a future for a commodity like oil betting that its price goes up at a certain point in time. Let's say oil is trading at $50 right now, and the investor thinks the price is going to go higher. They might buy a future to buy oil at $55 a month later. If the price of oil is $60 when the contract expires, they get the $5 difference.

 

http://www.businessinsider.com/bitcoin-future-explained

 

Okay, now here's the part that gets tricky. The thing is, YOU don't have to actually have a bitcoin to make this contract with me. So what would that look like? Say you agree to sell me 1 bitcoin in 1 month at $15,000. Let's say the price of bitcoins at that date is $10,000. You just made $5k in profit. Why? Because you just have to go on the web, buy a bitcoin at $10k and sell it to me for $15k. Bam. $5K profit. On the other hand, say the current market price of bitcoins are $20k. Well, now you are out $5,000. You have to go to the web and buy a bitcoin for $20k and sell it to me for $15k. Loss of $5,000. Congratulations. You now know what "shorting the futures market" means. It's simply selling something you don't own in the hopes that prices will be cheaper when you actually have to deliver.

 

Every blockchain currency, as well as all passwords you use, will become crackable.

 

You can bruteforce attack bitcoin wallets as much as you'd like simply because bitcoin wallets don't exist on your computer. It exists in the ledger which everyone has access to. You only have the password that allows you access to that particular entry on the ledger that proves that you have such and such amount of bitcoins.

 

So, if you develop a computer that can crack SHA256 encryption in a matter of weeks, how would you use that to make money? Simple. Short the hell out of bitcoin futures. Then release the news that you have a computer that's able to crack SHA256. Bam. The value of bitcoin goes to ZERO. No, I'm not exaggerating. The value will literally go to zero. You just made more money than anyone in history in the shortest amount of time.

Anonymous ID: 110806 Dec. 11, 2017, 9:49 a.m. No.73603   🗄️.is 🔗kun

>>73595

The futures price will trade at a significant premium (meaning higher than current market prices). Why? Because they're gonna drive this sucker to the max. They're gonna make it go all the way up to $100k while the Quantum Computer is finalized. Then, they will unleash the greatest trade ever known to man. A trade that makes Soros' shorting of the GBP look like child play.