BITCOIN FUTURES NOW BEING TRADED IN CHICAGO - Bitcoin Going Full Mainstream

Bitcoin has taken a step toward legitimacy with the launch of a product on a Chicago exchange that allows investors to take bets on its price in the future. The new contract on the Chicago Board Options Exchange came as the digital currency jumped another 10%, sparking fresh warnings of a speculative bubble after last week’s 40% climb in price. Bitcoin was trading at $16,200 – up 10% on the day – while the new futures contract trading in Chicago showed that traders were expecting the cryptocurrency to be trading at even higher prices in January. The futures contract trading on the CBOE allows traders to take bets – or to protect themselves – on the price of bitcoin next month. It started trading just before midnight (in London) on Sunday at $15,460, hit a high of $18,700 and then dropped back to $17,800. Such was the price volatility when the contract launched that trading had to be halted twice through so-called circuit breakers and the CBOE had to admit that its website was creaking because of the heavy traffic although its trading platform kept working. Bitcoin broke above the $12,000 mark Wednesday morning Asia-time, as the cryptocurrency continued its march higher. The digital currency quickly leaped further. As of 12:19 p.m., ET, bitcoin traded about 8.5 percent higher near $12,684, according to industry site CoinDesk. Earlier in the day, bitcoin hit a record high of $12,810.22. The bitcoin offshoot, bitcoin cash, traded slightly lower near $1,507, while digital currency ethereum also traded slightly lower near $441, according to CoinMarketCap. Bitcoin began 2017 at less than $1,000 per token, but it has been on an absolute tear in recent months: It crossed $5,000 in October and touched above $11,000 for the first time less than two months later, according to CoinDesk data. BIT RISKY? How to buy Bitcoin, is it safe to buy the cryptocurrency and what are Iota and Ethereum? The controversial digital currency Bitcoin seems to be soaring to ever greater heights, making headlines around the world First the Nordea Bank AB chief executive called it a “joke” and an “ absurd” construction. Then Danish banks said they wouldn’t touch cash from bitcoin speculation. Now, one of Scandinavia’s biggest investors is airing its skepticism. ATP, Denmark’s largest pension fund with about $120 billion in assets under management, says it’s steering clear of bitcoin despite signs the cryptocurrency is gaining a foothold in the derivatives market. Bitcoin "sell bitcoin" "buy bitcoin" trade trading "trade bitcoin" cryptocurrency "accept bitcoin" ethereum mining "bitcoin mining" price "bitcoin price" "bitcoin rise" top bubble usd euro gbp currency cash wealth value business gold silver bullion "sell gold" "buy gold" "cash 4 gold" valuation "bitcoin bubble" 2018 "bull market" "stock market" banking savings investment invest "gold coin" "silver coin" trend trends "virtual currency" tech technology "bitcoin atm" alt coins altcoins ripple jsnip4 jim rogers uk usa blockchain block chain “One can of course sit down and read about the technical design, but bitcoin and the role it’s supposed to play is something we basically don’t feel comfortable with,” ATP Chief Investment Officer Kasper Ahrndt Lorenzen said in an interview in Copenhagen. “I think one just needs to be humble as an investor,” he said. “When one doesn’t feel comfortable about something, one needs to be a bit humble and not go into it.” “If we were to treat bitcoin as a cryptocurrency, we just don’t think it’s there yet,” he said. “If we were to invest in a cryptocurrency, our mind set is such that we need to have a currency hedge. And we would do that based on established risk premiums. Bitcoin doesn’t have an established risk premium.” But there’s a growing community of bitcoin converts and they’ve lately driven its price to dizzying heights. It surpassed $12,000 on Wednesday, as investors hope the use of futures contracts will help it gain legitimacy. Cboe Global Markets Inc. has said it will start trading bitcoin futures on Dec. 10, while CME Group Inc.’s contracts are set to debut on Dec. 18. Nasdaq Inc. is planning to offer futures in 2018, according to a person familiar with the matter. Cantor Fitzgerald LP’s Cantor Exchange is creating a bitcoin derivative, and startup LedgerX already offers options. It’s also possible to invest in bitcoin via exchange-traded notes in Scandinavia. BIT RISKY? How to buy Bitcoin, is it safe to buy the cryptocurrency and what are Iota and Ethereum? The controversial digital currency Bitcoin seems to be soaring to ever greater heights, making headlines around the world

Bitcoin cash ‘CEO’: We won’t need banks anymore

The digital currency Bitсoin, once a toy for computer nerds, is now soaring in price, triggering a new gold rush. Is it just another bubble, or a glimpse into a radically different financial future? We ask Rick Falkvinge, CEO of BitCoin Cash and founder of the Swedish Pirate Party.

Bitcoin: The World's Most Dramatic Bubble Ever?

Investment manias throughout the centuries have ranged from tulips to tech stocks to housing; is bitcoin different? Image/Video: Daniel Epstein

Bitcoin Surges Toward My $5000 Target Price, And It's Going Higher Than That! By Gregory Mannarino

$3416.80 as of now your friend Gregg Hunter has an excellent interview with Cliff High about this watch it BItcoin may go even higher than $5000

What You Can Learn From The $600 Crash Of Bitcoin!

Bitcoin had a crash of $600+ that offered us the possibility to learn a few things that will help us for better trading. Keeping your knowledge up to date by running post-trading analysis is necessary for a successful trading business.

Bitcoin $1,500 Party

The criminals know Psychology 101. One of the best way to trap a wild animal is the same for trapping people -- enticement! Set the trap with a juicy "reward" and then sit back and let nature run its course. In the case of humans that enticement - money - targets a basic passion : need and greed. The criminals will allow Bitcoin to go to 2,000 then 5,000 then 10,000 and who knows how high after that. The goal is simple - get the clueless people to accept digital money over hard money and then, when the prey is in the trap, slam the door shut! Since the 1990's I've been voicing that the day the criminals get the world to wholly accept a cashless system - be it Bitcoin or any other - that day will be THE END of the world as we've known it. The loudest "I TOLD YOU SO" awaits many clueless folk. Final comment : offer me a free 1-ounce gold coin ($1,260) and I'll run to get it; offer me a free Bitcoin ($1,480) and I'll politely pass.

Bitcoin Blasts To New All Time High!

Bitcoin is the future economy: digital and decentralized. Everybody should own some bitcoin.

10 Reasons Bitcoin Price will Beat All Records in 2017

Analysis on all the fundamental and Technical reasons I personally believe will take the Bitcoin price well beyond its all time highs in 2017.

My website - http://www.renegadeinvestor.co.uk

Video Contents:
1) War On Cash – 1:26
2) Gold Bitcoin Price Parity – 3:49
3) Institutional investment – 6:12
4) Bitcoin & Japan – 7:36
5) Scaling Segregated Witness – 8:56
6) Demise of Blockchain Hype 10:45
7) Trump Presidency - 12:28
8) China Time Bomb -14:58
9) Bond Apocalypse -17:38
10) Bullish Technicals – 19:44
11) Price Prediction – 22:18

Bitcoin Hitting All-Time Highs By Almost Every Metric

The future economy will be totally digital and decentralized. Bitcoin is
 a worldwide-distributed decentralized peer-to-peer censorship-resistant
 trustless and permissionless deflationary system/currency (see
Blockchain technology) backed by mathematics, open source code,
cryptography and the most powerful and secure decentralized
computational network on the planet, orders of magnitude more powerful
than google and government combined. There is a limit of 21 million
bitcoins (divisible in smaller units). "Backed by Government" money is
not backed by anything and is infinitely printed at will by Central
Banks. Bitcoin is limited and decentralized.


Receive and transfer money, from cents (micropayments) to thousands:
* Almost for free (a few cents fee).
* Borderless (no country can stop it from going in/out or confiscate)
* Trustless (nobody needs to trust anybody for it to work)
* Privacy (no need to expose personal information)
* Securely (encrypted cryptographically)
* Permissionless (no approval from central powers needed)
* Instantly (from seconds to a few minutes)
* Open source (auditable by anybody)
* Worldwide distributed (from anywhere to anywhere on the planet)
* Censorship resistant (no government can stop its use)
* Peer-to-peer (no intermediaries with a cut)
* Portable (easier to carry/move than cash, gold and silver)
* Public ledger (transparent, seen by everybody)
* Scalable (each bitcoin is divisible down to 8 decimals)
* Decentralized (distributed with no single point of failure)
* Deflationary (its supply goes down with time until reaching 21 million
 ever)
* Immutable global registry (can’t be altered/hacked by nobody)
* No chargebacks-No fraud ('push' vs' 'pull' transactions).
And that’s just as currency, Bitcoin has many more uses and applications

Do We Know Everything About Bitcoin?

I had a good laugh, internally with this one and thought I'd share it

Jim Rickard's Top Two Reasons to Bet Against Bitcoin

Bitcoin prices have dropped nearly 50% in the past three months. Jim Rickards says that price volatility is just one of the problems plaguing the cryptocurrency…





Bitcoin is interesting. I’m not technophobic. I say, if people want to invest in it, that’s fine. I don’t own any. I don’t recommend them to clients. I have a couple problems with them. Number 1, they’re unproven in the business cycle. Bitcoin was invented in 2009. The economy’s only been expanding since then. It’s been expanding at a very weak level, a very weak pace, but it has been in expansion. There has not been a contraction. So, we don’t know how bitcoin is going to perform in the down cycle. We have some sense of how other asset classes do so that’s one problem. The second problem, and it’s a big one, is the issue of taxes. If I buy a bitcoin for $200.00 and then it goes up to $300.00 and I cash it in for $300.00 of goods and services, I have $100.00 gain. I have to put that on my tax return. It’s no different than buying and selling a share of stock. I daresay a lot of bitcoin users are not doing that, which means they’re tax evaders, and we know from the tea party scandals that the government is using the IRS for selective political enforcement, so I’d hate to be a bitcoin guy who failed to report a gain, which can be a felony, and if you’re on the wrong side of the government, you could be targeted. So, that’s a genuine concern. I think what’s interesting about bitcoin is that it’s a kind of currency. It’s a store of value although it’s got a lot of volatility, but it’s also a technology. I think bitcoin may be like the Neanderthals in the sense that the currency itself goes extinct the way the Neanderthals did, but the DNA lives.

Bitcoin Will Bite the Dust featuring Kevin Dowd

CATO’S 32ND ANNUAL MONETARY CONFERENCE —brings leading scholars together and advocates for fundamental monetary reform to discuss:

- The bitcoin revolution and future of crypto-currencies
- How technology will drive further innovations so that private currencies become a reality
- The role of gold in a decentralized monetary regime
- The steps necessary to return to constitutional money based on the convertibility principle and free banking

When the Federal Reserve was created in 1913, its powers were limited and the United States was still on the gold standard. Today the Fed has virtually unlimited power and the dollar has no backing. Limited, constitutional government requires a rules based, free-market monetary system with a stable-valued dollar, not the topsy-turvy fiat dollar that now exists under central banking. This conference examines the case for sound money and the reforms needed to realize it.

Bitcoin Is The New Gold: FreedomFest Speaker

Kitco News sits with the Bitcoin advocate George Gilder to find out why he is so interested in the virtual currency. "Bitcoin today is a new form of information theory, which is the major system of the world," he says. "I think that Bitcoin is the new gold, it works with gold." Gilder adds that he expects to see Bitcoin prices and gold prices to real a stable relationship overtime. "In my book, I show that the rise of Bitcoin today parallels the rise of gold at the beginning of the 18th century." Tune in now to hear why he likes the crypto-currrency and where he thinks gold is headed. Kitco News, July 15, 2014.

Bitcoin Hackers Steal $2.6M From Silk Road

Feb. 14 (Bloomberg) -- Bloomberg's Matt Miller reports on the hacking of the Silk Road website that cost user $2.6 million worth of Bitcoin deposits on Bloomberg Television's "Bloomberg Surveillance."

Bitcoin Arrests Cloud New York Hearings on Virtual Currency

The U.S. Attorney made two arrests just one day ahead of the New York Department of Financial Services hearings on virtual currencies, including Charlie Shrem, CEO of BitInstant and Vice Chairman of the Bitcoin Foundation. Nicholas Colas of ConvergEx believes this won't harm the currency and that it's natural to shake out the bad guys in the currency because it came from a less than transparent place. However, with regulation and adoption, Colas believes bitcoin will gain credibility.

The Benefits of Bitcoin

Jennifer Longson is known as the Bitcoin cupcake lady. Her shop in San Francisco was one of the first real world retailers to accept the digital coin.

BitCoin Intrinsic Value and Volatility

I discuss the issue of BitCoin volatility and how many businesses will still be vary of this currency. There will be some businesses that accept it, but how will they hedge their risk?

Playing Bitcoin on Nasdaq; Cramer Likes Caterpillar

WPCS International Inc. is launching a Windows-based application that will provide access to the five most popular Bitcoin exchanges in early 2014. With the company's announcement that it expects the Bitcoin trading application to be revenue generating in mid '14, its stock is seeing a big boost. Plus, after two years of underperforming the market, Jim Cramer likes what he sees in Caterpillar. And the Twitter rally continues as the micromessaging network's stock looks to continue its gains of more than 20 percent on this week. Jonathan Marino at the Nasdaq Marketsite in Times Square.

101 Days with nothing but Bitcoin: Life on Bitcoin, Interview with Austin Craig

101 Days with nothing but Bitcoin: Life on Bitcoin, Interview with Austin Craig

Bitcoin 101 Blackboard - Why Bitcoin's Growth is Normal & The S-Curves You Could Never See

Economists are up in arms, claiming that bitcoin's 1000% annual growth is faster than anything they've ever seen. Because of that, they lash out, calling bitcoin volatile, a bubble, a pyramid scheme, etc. But don't worry, we put on our VC glasses, compare the 4.5-year-old bitcoin to facebook, twitter, google at the same periods in their growth. The result is that Bitcoin's growth is as exponential, as volatile and as normal as any enormous tech giant. And just for fun we threw in a little bit about feral rats reproducing on a desert island.




This is the 2nd episode debunking bitcoin myths series. Overall, Bitcoin 101 blackboard is a beginner's course in bitcoin. We hope you enjoy. Please like and subscribe or drop some comments, suggestions or critiques. And remember the official WBN launch is coming up : January 1st, 2014.