Bitcoin Price Thread

Discussion in 'Crypto Assets' started by Magna, Nov 26, 2017.

  1. algofy

    algofy

    No you don't have that correct. $25 USD is the tick size. I think the margin is going to be 25%.
     
    #231     Dec 1, 2017
  2. John9999

    John9999

    I figured I had it wrong..... could you please break it down for me... I am looking to buy and hold for longer periods, not day trade....so I am trying to figure out the required maintenance to hold overnight and what the move on the contract equals in dollars... like I know a 1 Tick move on ES is $12.50 and 1 pt NQ is $5.... also, do we know what increment of $1 it will trade? .25 I assume? 4 ticks per $1,, $100 per point?
     
    #232     Dec 1, 2017
  3. John9999

    John9999

    #233     Dec 1, 2017
  4. schweiz

    schweiz

    Don't forget that it can also go down, something most believers forget.

    There were already a lot of+25% drops in past. That could mean a total loss of your margin. So the market can change your "buy and hold" in an "intraday total loss". Because of the aggressive moves and the unpredictability I am curious how many will make money and how many will wipe out. I think there will be more wipe outs then new millionaires.

    Futures in cryptocurrencies seem to me more dangerous then futures ES. And even in futures ES the majority loses money...
     
    #234     Dec 1, 2017
  5. John9999

    John9999

    #235     Dec 1, 2017
  6. Hoi

    Hoi

    At the current price: 5 x 10500 = $52.500. CME asks 35% overnight, then $18.375 is your margin. At least! Because your Broker can (and will, if it is IB) higher the margin requirements to say 50%.
    If you want to Hodl (and roll over every 3 months), without the fear of Margin calls, then it might be better to keep 75% or just buy the Bitcoin itself instead of a Future (the roll-over costs will be high as well).
     
    #236     Dec 1, 2017
  7. John9999

    John9999

    Thank you Hoi.... okay,,, Why in the did they make it 5 Bitcoins ? and why is the maintenance so high? for ES... it's $4500 vs the full value at $133,000?? which is roughly 2%

    now when are options coming? this is gonna require me to lock up more $$ than I wish to do @ approx $25,000 per contract or more....
     
    Last edited: Dec 1, 2017
    #237     Dec 1, 2017
  8. schweiz

    schweiz

    Because they estimate the risk approx. 17 times bigger then the ES. As the ES is already risky, the margin confirms the HUGE risk. Leveraging cryptocurrencies is very risky, not to say insane. Leveraging will increase (rather multiply) the negative effect in case of a drawdown. A 10% drop, which is small in case of cryptocurrencies, will lead to a 28.5% loss (10% multiplied by 2.85 at 35% margin) of capital. A 35% drop will wipe out your account completely.

    Based on what you post I advice you NOT to trade futures and surely not crypo futures.
    There are far more people that become poor from trading futures then there are who become rich from it. Although from start all these people wanted to become rich...
    Let's say that the odds are not in your favor.
     
    Last edited: Dec 1, 2017
    #238     Dec 1, 2017
  9. S2007S

    S2007S

    Here you go......

    A million dollars bitcoin prediction. ...keep buying and buying

    Free millions for everyone!!!!!


    James Altucher's 10 predictions about where bitcoin and cryptocurrencies are headed
    • Crytptocurrencies like bitcoin are here to stay. Investor James Altucher has 10 predictions about where they're headed.
    Sameepa Shetty
    Published 1 Hour Ago Updated 1 Hour AgoCNBC.com
    39
    SHARES

    [​IMG]
    The bitcoin and cryptocurrency trend is not going to stop: Formula Capital's James Altucher 11:57 AM ET Wed, 29 Nov 2017 | 04:30



    Bitcoin's giant move upward is far from done, according to tech investor and stock picker James Altucher.

    According to Altucher, society has made major changes to its currency a few times in history: Gold replaced barter as a transactional currency; paper money replaced gold as a store of value; and bitcoin and other cryptocurrencies are going to replace paper money as a transactional currency.

    Each type of currency solved problems of the prior generation of currency, he said in an interview with CNBC. Bitcoin solves the problem of infinite money printing, forgery, double-spending and anonymity, he said. Altucher owns bitcoin, ethereum, litecoin, zcash and filecoin.


    Pointing to a demand-supply imbalance, Altucher predicts that bitcoin will top $1,000,000 per coin.

    "There's $200 billion in cryptocurrencies out there and over $200 trillion in demand for money — that's the amount of paper currency and gold bullion in the world," he said.

    Altucher, founder and publisher of Choose Yourself Financial, a subscription-based financial publication cautions that 98 percent of cryptocurrencies are scams. But bitcoin and a few other cryptocurrencies are here to stay, he believes.

    "This is the greatest tectonic shift in money and wealth that we will see in our lifetimes," he said.

    Here are his 10 predictions for cryptocurrencies:

    1. At least one country's currency is likely to fail soon — likely Argentina or Venezuela. This will lead to mass adoption of bitcoin among that populace. That will in turn lead to bitcoin rising by more than $50,000 when it happens.
    2. Mainstream banks will accept bitcoin, and will start offering storage and software access. They will also create cryptocurrency derivatives — as the CME is about to start doing.
    3. Despite the optimism, there will be a massive wipeout, and 95 percent of the alt-coins out there will go away — just like the dot-com bust. The surviving coins will go up a ton. This will happen within next four-six months.
    4. The U.S. government will secretly start accumulating one of the smaller cryptocurrencies to make it easier for gray-area transactions with other countries. This has already started happening but will really start to ramp up in 2018.
    5. China will invest heavily in another cryptocurrency, but probably not bitcoin. China will want to have a cryptocurrency that is competitive with bitcoin, but under its centralized control. This will, in general, provide legitimacy to all cryptocurrencies.
    6. One big problem with cryptocurrencies now is their volatility. At least one — basecoin — will likely dramatically reduce that in 2018.
    7. More companies will pay freelancers with crypto, which will lead to calls for tax reform. There will need to be greater regressive sales taxes, which will ultimately require government cuts and eventually less power for national governments. This is a long-term prediction.
    8. In the same way the internet changed the monopolistic phone industry, crypto will change the monopolization of government-backed money.
    9. A new government organization will be created to analyze regulation on cryptocurrencies. This will, ironically, lead to a huge upswing in bitcoin and coins that provide actual utility.
    10. Thousands of crypto companies will be created and go public, but only a few will be massive successes.
     
    #239     Dec 1, 2017
  10. truetype

    truetype

    "America's most in-demand cryptocurrency expert"
     
    #240     Dec 1, 2017