The current high levels of Bitcoin volatility are obviously exciting for day traders, but bad for commerce. Some clever people must already be thinking about Bitcoin futures as a way of damping the market.
Mt Gox bootstrapped in a year, could a BitFX do likewise?
An obvious question is why anyone would buy futures initially? Until the price (eventually) stabilizes, maintenance levels would continually be breached, resulting in a blizzard of margin calls.
As long as the market is growing , the price will continue to be high volatile. As long as the trend is exponential increases in value, bitcoin will continue to be an amazing investment. Plenty of price guarantee services are already available to help those who cant deal with the volatility.
The current high levels of Bitcoin volatility are obviously exciting for day traders, but bad for commerce. Some clever people must already be thinking about Bitcoin futures as a way of damping the market.
Mt Gox bootstrapped in a year, could a BitFX do likewise?
An obvious question is why anyone would buy futures initially? Until the price (eventually) stabilizes, maintenance levels would continually be breached, resulting in a blizzard of margin calls.
Oh, and hi everyone. :-)
As long as the market is growing , the price will continue to be high volatile. As long as the trend is exponential increases in value, bitcoin will continue to be an amazing investment. Plenty of price guarantee services are already available to help those who cant deal with the volatility.