It amazes me that people still take opinions like these in consideration... That's like asking a cab driver his opinion about Uber. Only a moron would do that...
It's ok, keep listening to the drooling metrosexuals, and not people that have proven their wisdom in the line of fire.
Peter Duffy just said the margin is likely to be around 20% and he is expecting a mid December launch. Just in time for Christmas!
IG bucket shop have been providing retail punters access to Bitcoin bets for shorting and going long. For small client positions, less than 45 coins, IG requires 20% margin. For larger positions, bigger than 90 coins, even IG want 100% margin. Spread on IG is 25 points, but profits are tax free.
If you can trade bitcoin with IG you're most probably not an American and in most places where IG targets this product like the U.K. it is indeed tax free, as are their spread bets on stocks.
You may be interested to know a couple things on this. 1. The block chain which is the basis of cryptocurrencies contains every transaction that coin has ever undergone, it's a fundamental aspect of the coin. It's rather trivial to figure out who a coin belongs or belonged to. This article (https://www.forbes.com/sites/andygr...rugs-on-silk-roads-black-market/#1d78841cadf7) does a great job of explaining that in lay terms. 2. Most people don't realize that 1. above is true. For those poor ignorant souls, why in the world would the move to the highly regulated, very easy to track world of futures to launder drug or mafia money? That kind of ruins the whole point! 3. There isn't a huge problem in the world with "chinese money launderers" unless you're the Chinese government and you don't want people circumventing your currency controls. Unless you support the Chinese government and their currency controls, which are a huge distorting impact on the world economy, you're for the use of bitcoin by Chinese firms and individuals to circumvent those controls. I'm pretty confident in guessing you don't support the Chinese government or their currency controls, one thing we almost certainly agree on!