In the first issue of CRYPTO TREND, we introduced cryptocurrency (CC) and answered some questions about this new market area. There is a lot of news in this market every day. Here are some key pointers in moving forward with this exciting new marketplace.
The world’s largest futures exchange to create a Bitcoin futures contract
The President of the Chicago Mercantile Exchange (CME) Terry Duffy said: “I think you will see us for some time in the second week of December [bitcoin futures] for contract listing. Today you can not cut bitcoin, so there is only one way it can go. You either buy it or sell it to someone else. So you create a two-way market, I think it is always much more efficient. ”
CME plans to launch Bitcoin futures by the end of the year before a regulatory review. If successful, this will give investors a viable way to go “long” or “short” on Bitcoin. Some stock exchange traders have also applied for bitcoin ETFs, which track bitcoin futures.
These developments enable people to invest in cryptocurrency without having full control of the CC or using the services of the CC Exchange. Bitcoin futures can make digital assets more useful by allowing users նորդ brokers to hedge their currency risks. This can increase the acceptance of cryptocurrency by traders who want to accept bitcoin payments but are wary of its volatile value. Institutional investors are accustomed to trading regulated futures that do not suffer from money laundering concerns.
The CME move also suggests that bitcoin has become too large to be ignored, as the exchange seems to have ruled out cryptocurrencies in the recent past. Bitcoin is just what everyone is talking about in brokers and trading companies that have suffered in the face of growing but unusually quiet markets. If futures were traded on the stock exchange, it would be almost impossible to catch any other exchange, such as CME, as scale and liquidity in derivatives markets are possible.
“You can not ignore the fact that this is becoming more and more a story that will not go away,” Duffin told CNBC. “There are ‘major companies’ that want to access bitcoin, and there is ‘a lot of tangled demand’ from customers,” he said. Duffy also believes that bringing institutional traders to market can make Bitcoin more volatile.
Japanese Aponian Village to Use Cryptocurrency to Raise Capital for Urban Revitalization
The Japanese village of Nishiavakura is exploring the idea of holding an ICO Initiative for Coins to raise funds for the revitalization of the municipality. This is a very new approach և they can ask for the support of the national government or seek private investment. Several ICOs have had serious problems, և many investors are skeptical that any new sign will be worth it, especially if it turns out that the ICO is just another joke or scam. Bitcoin, of course, was not a joke.
FIRST SUBMISSION – – ICO:
We did not mention the ICO in the first edition of Crypto Trend, so let’s mention it now. Unlike an initial public offering (IPO) where the company has a real product or service for sale and wants you to buy their shares, the ICO can be anyone who wants to start a new Blockchain project with the intention of creating one. a new sign on their chain. The ICO is not regulated,: some were common frauds. A legitimate ICO, however, can raise a lot of cash to fund a new Blockchain project և network. It is typical for the ICO to generate a high symbolic price at the beginning, and then soon dive into reality. Because the ICO is relatively easy to maintain, if you know the technology եք you have a few dollars, it’s been a lot և today we play about 800 symbols. All of these tokens have names, they are all cryptocurrencies, except for very well-known symbols such as Bitcoin, Ethereum, and Litecoin, which are called alt-coins. Crypto Trend does not recommend participating in ICOs at this time as the risks are too great.
As we said in issue 1, this market is the “wild west” right now, we advise you to be careful. Some investors և early adopters made big profits in this market area; but there are many who have lost a lot, or all. Governments are discussing regulations because they want to know about every transaction so that everyone is taxed. They all have huge debts, they take care of the cash.
So far, the cryptocurrency market has avoided many of the government’s financial problems, pitfalls, and blockchain technology has the potential to solve many more problems.
A great feature of Bitcoin is that the creators have chosen the finest number of coins that can ever be generated – 21 million, thus ensuring that this cryptocurrency can never be blown. Governments can print as much money (fiat currency) as they want and put their currency to death.
Future articles will delve into specific offers, however, make no mistake, investing in this area early will only be for your most speculative capital, the money you can afford to lose.
CRYPTO TREND will be your guide if you are ready to invest in this market area.
Stay with us!