CBOE bitcoin futures listed

1. Possible factors for the rise of bitcoin. 1. Bitcoin futures rose on the first day of listing on the US stock exchange. Wall Street investors bought bitcoin for the first time, and the price of digital currency futures jumped about 20%. Bitcoin has risen this year. According to the Los Angeles Times, the US market has bought second-hand housing mortgage loans to buy bitcoin. 2. At present, the trading volume of bitcoin is relatively low, and most investors are optimistic about oil, gold, wheat and other commodities, or the stock market. The future direction of bitcoin is unknown, futures prices show that prices are rising, but investors are cautious about the market falling into bubbles and speculation. 3. JPMorgan said bitcoin was a fraud. The Chicago Mercantile Exchange will start trading bitcoin futures on December 18, with gold slightly lower and its value supporting the gold price. Bitcoin has no value, only the price rises.

2.

Bitcoin is no stranger to a person who loves to invest. In 2008, bitcoin still appeared in our view at a very low price. But 18 years later, the price of bitcoin began to soar, and soon broke through the 10000 yuan mark. Now, bitcoin has exceeded 100000 yuan each, and bitcoin is not a real capital or material property, but a virtual currency. In the Internet, the value of such a virtual currency has been speculation above 100000 yuan. What is behind such madness

Some people also take advantage of this loophole to buy virtual currency abroad in the way of RMB, and finally cash out through trading, which is also a violation of China's foreign exchange system. Such a practice will undoubtedly lead to fire and even prison. Of course, the price of bitcoin is so high nowadays that most of the people who can afford to buy bitcoin are economic tycoons, and there will be no retail investors taking over< br />

3. The basic property of money is exchange, that is, the money you harvest can be exchanged for equivalent goods, and the price of goods is the relationship between supply and demand

2 to make a long story short, e to the risk of counterfeiting, gold is the final currency in the end, but the total proction of gold inhibits the development of global economy, and the national reputation replaces the currency in the end

3 there is no doubt about the value of gold. No one will not snatch it when they are on the ground, and no one will not beat fast. Bitcoin uses a specific algorithm to create the "rare" attribute, but this is not the essence of currency, because the exchange limitation is too large, and the holding value is limited. However, in the current era when paper money can be used as legal money and exchange money, the currency of any country actually has absolute risk, so the emergence of beyond national boundaries bitcoin has aroused the reaction of the market

4 as mentioned above, paper money has the effect of legal currency in the world, which can exchange goods (excluding depreciation), while bitcoin can exchange very few things. In other words, the more things it can exchange, the more valuable the currency is, the more valuable the currency it can exchange for necessities (US dollars), and the more valuable the currency is, the more considerable the seigniorage will be

5 to sum up, currency has the following attributes: purchasing power, recognized, credit (guarantee). In the future, new currency (or exchange method) will be born, but at present, legal currency is the most valuable, but no legal currency has the natural currency attribute of gold.

4. Hello, the wallet can also be divided into: shoulder bag, leather wallet, Pu wallet, leather bag, snake skin wallet, cowhide wallet, crocodile skin wallet, deerskin wallet, leather Mobile Phone Wallet, mobile phone wallet, multi-function wallet, etc. In particular, the quality of Tagore leather wallet is particularly good.

5.

At 5:00 p.m. US central time on December 10 (7:00 a.m. Beijing time on December 11), bitcoin futures contracts officially began trading on the Chicago Board of Options Exchange (CBOE)< the opening price was US $15000, which rose to US $166 million six minutes later. After a short decline, it kept rising, and the rise was triggered twice e to the large amount of traffic, CBOE website even appeared inaccessible at the beginning of the transaction. Although the trading volume is small, the topicality and volatility of bitcoin futures are not inferior to the spot market

the value of a futures contract lies in the value of its underlying physical goods or financial goods, such as crude oil, soybeans and bonds. When investors buy a futures contract, the contract stipulates that a certain quantity and quality of the underlying goods will be delivered at a certain time and place in the future to bet on the future price trend of a certain commodity, which can be bullish or bearish. Then, the subject matter of bitcoin futures contract is the virtual currency of bitcoin

previous mainstream analysis pointed out that the launch of bitcoin futures by large exchanges helps to rece its volatility, has the function of price discovery, and helps to attract professional investors and institutions. Some analysts say that this will be the end of bitcoin, because the introction of futures provides the market with the ability to short

6.

The delivery date of CME bitcoin futures is the last Friday of the e month, 4:00 p.m. London time. In case of holidays, one day in advance

2. The delivery date of CBOE bitcoin futures is the first two trading days of the third Friday of the maturity month, 2:45 p.m. Chicago time

extended information:

bitcoin trading scam:

1. At the end of October 2013, Hong Kong GBL platform absconded with money, with more than 20 million yuan missing. The program of this trading website is very poor. It doesn't use SSL security protocol, and even the user name is stored in clear text. They don't have some basic programming knowledge. GBL relies on the broker to develop the new customer's "quasi MLM" mode

On October 22, 2013, looking at the market of bitcoin, Mr. Qiao, a citizen of Dongyang, searched GBL company, a bitcoin trading platform, on the Internet, and recharged 90000 yuan to buy and sell bitcoin through a third-party payment. On October 26, 2013, it was found that the staff of the online trading platform were not online, and some normal trading proceres could not be implemented. It was found that the registered address of the company was false after a check, and a total of 90000 yuan was cheated

3 and Western economists have a lot of worries about the current economic bubble phenomenon of bitcoin. Australian Economist John Quiggin called bitcoin "the purest example of the economic bubble." p>

7. In terms of the procts, the essence is futures contract and option contract, which are two different procts. At present, there are sugar futures, soybean meal futures and options procts based on these two procts in China. The copper options of the previous period are also being simulated. If you are interested, you can learn about them.

8. Disaster, because of its bottom value, it can fall to infinitely low. People used to spend millions of bitcoin on a pizza, but now thousands of bitcoin. If you buy all of them, you may not be able to get a tea egg back.

9.

On August 22, 2018, the US Securities and Futures Commission (SEC) announced that it had rejected nine applications for bitcoin ETFs from ProShares, direxion and graniteshares. After the news came out, bitcoin quickly fell by more than $200, and other digital currencies also fell significantly

the SEC's main concern is still the market manipulation and fraud of bitcoin. It said that the application of ProShares failed to achieve the goal of "preventing fraud and manipulation ", and the exchange also failed to provide direct evidence to prove that the bitcoin futures market "has a significant scale "

the committee rejected the proposal because, as mentioned earlier, the exchange could not legally prove that the proposal was in line with 6 (b) (5) of the U.S. Securities and Exchange Act, especially the requirement that the national stock exchange should establish rules to avoid fraud and market manipulation

this is the same reason for rejecting other bitcoin ETF applications. At the end of July this year, the securities and Futures Commission of the United States once again rejected the Winklevoss brothers' application for bitcoin ETF after a retrial, and the market's expectation for more digital currency derivatives failed again

at that time, the SEC mentioned that the trading volume of bitcoin futures market was very small ; However, the sharp rise in prices in 2017 was e to market manipulation

although the SEC has repeatedly rejected applications for digital currency ETF procts, other exchanges still submit relevant applications for approval. Bitwise filed an ETF application in July to track a basket of digital currencies, as well as an ETF application from the Vaneck solidx bitcoin trust. The SEC said Van Eck's ETF application would be delayed until September 30

The special feature of Vaneck's ETF application is that it is a rare ETF application based on actual digital currency transaction. A series of applications for bitcoin ETF rejected on Wednesday anchored bitcoin futures