The VALUE (i.e. its trumpeted utility) about to get diminished:
..."Under the EU-wide plan, online platforms where bitcoins are traded will be required to carry out due diligence on customers ... Traders will be forced to disclose their identities, ending the anonymity ... The rules are expected to come into effect in the next few months"....
display of amazing confusion in value vs price:
value = utility
price = at which transfer of ownership occurs
haifa ac 12:37:15 GMT - 12/08/2017
I calculated (roughly) yesterday intraday swings. They amounted to more than $7,000. Half the currency value.
No sane serious investor is going to participate in this Mad Game.
It has to show some stability first.
Mtl JP 12:25:33 GMT - 12/08/2017
dc CB 12:07 / Do you know difficult it is buy Gold from - for example - Scotia Bank ?
I note with very much interest: ... "all eligible bitcoin orders will be processed and shipped within one business day of your paymentís clearing and processing" ... . .... "Buyers can make purchases with bitcoin at any time, from nearly anywhere, just as with most credit cards. International orders become significantly easier as cryptocurrency like bitcoin is accepted worldwide without conversion. Also, many customers prefer Bitcoin payment because of the anonymity offered by a blockchain purchase."
dc CB 12:07:44 GMT - 12/08/2017
For more than 15 years, APMEX has been an industry leader and along the way has adapted to the growing needs of our customer base. As bitcoin becomes more popular and widely accepted as payment, we are thrilled to welcome the use of this cryptocurrency for buying Gold, Silver and other Precious Metals by integrating BitPay into our website.
With BitPay integration, APMEX customers can now pay using bitcoin and complete their order in seconds.
CB - it's amazes and amuses me to hear people fiercely claiming that the whole bitcoin base is not a hoax/pyramid. with the satoshi structure, bitcoin price may go $1'000'000'000.00 and still no whole bitcoin needs to change hands. the "bitcoin exchange bucketshops" can make that quire easily. when more regulation kicks in, it will turn into fiat style "hoax". I had to laugh for few minutes when I heard it's Goldman Sachs responsible for the clearing of the bitcoin futures.
Livingston nh 18:28:51 GMT - 12/07/2017
Don't stand second in line to a BIG Seller, liquidity appears to be an issue -- why oh why !!!
dc CB 18:04:28 GMT - 12/07/2017
Plus, all other Crypto currencies can only be acquired with Bitcoin. So if you want to start trading Ethereum, you have to open an acct with your Currency (USD, Yen, Won etc) buying Bitcoin (Satoshis for the average Joe), then you can trade all the 100 or so, with more being created - ICO's Inital Coin Offerings.
dc CB 17:55:02 GMT - 12/07/2017
Jay, that is the problem. There are many exchanges and not nesc priced in USD. During the Zimbab crisis earlier last month, BTC went for an equiv $13,000 USD.
Plus, consider that a "trade" does not have to be a Full Bitcoin, it can be a partial, which at these prices most are. The smallest is the Satoshi:
1 Satoshi = 0.00000001 ฿
100,000 Satoshi = 0.00100000 ฿
1,000,000 Satoshi = 0.01000000 ฿
10,000,000 Satoshi = 0.10000000 ฿
100,000,000 Satoshi = 1.00000000 ฿
so buying/selling in these increments shows as a trade at a price.
After today, I really don't think they will launch futures at all this month. The BTC Blockchain it way too slow compared to Algo HFTs
as noted in an earlier post. Most of the demand is in the Asian session. The "little rocketman effect"????
BBG sez South Korea : Chart: daily trading in Won exceeds $2Billion on some days.
IMHO: the intro of futures 2 weeks before Christmas/NewYears holiday is going to be a Major Co(K-Up in the US. The CME and CBOT have never dealt with a futures instrument that is not based on an Underlying that is not traded in a regulated public market. ie Grains, energies, bonds, stocks.
The greedy mtfs are jumping the gun here ---- cruisin' for a brusin' . I can's see anybody wanting to test this market at the end of the year in Thin holiday trading. They shud have waited until Feb. But greed and the need to stop/Crush this Bitcoin trump that.
Folks are breaking out in fever dislike of fiats. Their dislike is patently obvious. Currently Bitcoin is THE alternative.
In the meantime, one could think, it is suppressing Gold.
(making a gift)
Livingston nh 14:23:50 GMT - 12/07/2017
There's no intrinsic value in crypto"currency" - there's no there, there - why is this even an issue here?
USA BC 14:16:18 GMT - 12/07/2017
Let's see. A manipulators dream
A virtual currency with no regulation, no financial backing, and who knows what drives it.
haifa ac 14:09:36 GMT - 12/07/2017
This is simply insane
It is also Pearl Harbor day today
Israel Dil 13:14:43 GMT - 12/07/2017
15555 to 10888 in 10 minutes sounds like the next leg
dc CB 13:03:51 GMT - 12/07/2017
twenty BTC no for ransom...just hold on to it for a month LOL
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$12,000-$13,000: 17 hours
$13,000-$14,000: 4 hours
$14,000-$15,000: 10 hours
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