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Some Wall Street banks won't offer access to the first Bitcoin futures market

109 pointsby tadasvover 7 years ago

7 comments

davidwover 7 years ago
The only winning move is not to play.<p>Spend time investing in yourself and your skills, and put your money in something like VTSMX, Vanguard&#x27;s extremely low-overhead total stock market index fund.
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rkagererover 7 years ago
Bigger story: some CME brokers <i>will</i> offer access to their retail traders. NinjaTrader (US) and RBC (Canada) intend to.
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nivertechover 7 years ago
It&#x27;s the first time I hear about &quot;long-only futures&quot;, is this even legal?<p>EDIT: I know it’s legal for equity options, where retail traders need to be eligible to be able to write options.
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VVayneTrackerover 7 years ago
Since QC will in all probability break wallets would there be any reason not to short BTC over say a 10 year time frame?
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kjroseover 7 years ago
Considering at this point I expect a lot of short contracts it’ll be interesting.
downrightmikeover 7 years ago
If Goldman has already created the futures system and darkpools etc, they can make money off of it and they intend to.
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wyldfireover 7 years ago
&gt; As investors rush into bitcoin, some big Wall Street banks are hitting the brakes.<p>This metaphor sounds as if they&#x27;re taking an affirmative step to halt the &quot;rush.&quot; But they&#x27;re just not opting-in to this new futures offering. If we need to stick with this metaphor, let&#x27;s try &quot;some big Wall Street banks are coasting.&quot;
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