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On the announcement of Bitcoin futures, the price went up to the new historical high level of $ 7,000. In the first week of CBO's launch, Bitcoin made a demon rally, because people were buying ahead of this change, then the futures were kept online and the website collapsed. .

Now, the opportunity to organize the dust is being given, the numbers do not look so effective for CBO futures, were all the promotions for everyone? What does it mean for the bitcoin that the futures head hook is not as attractive to Wall Street as it is expected for?

A tasty hook

Bitcoin Futures, which started on CME, and also started on NassanDek, are all attractive to institutional investors, who will also open the Cryptocurrency market on a massive scale of new capital. .

Future contracts allow these institutional investors to stick to regulated trading locations, thereby avoiding irregular trade. In fact, they help bypass some negatial problems like waiting time for the transaction. And the ability to bypass the largest white elephant bitcoin

No bites

The first day in CBOE, however, was a bit quiet. The site collapsed in minutes, but the company also assured that it does not affect business. Now it seems that this large-scale barrier of traffic is to do more than the actual tracers - compared to real traders.

During the first 12 hours, the total amount $ 1 reached the Bitcoin price 2,776 contracts, and the trade has drastically dries in the last six hours. 17,600 - at which level the January contract was settled - which is less than $ 49 million

Compare this to what is happening on the normal bitcoin market, it is critically disappointing. In the last 10 days, the average daily quantity of Bitcoin transactions was 2.7 billion dollars.

Regarding the futures contracts, such as oil and agricultural products, other markets are generally the largest market, which shows that the futures market has begun to slow down Bitcoin.

Still early days

Of course, just 48 hours ago, a company started betoken futures, and despite the big interest and acceptance of Bitcoin, there is still a waiting and seeing mentality, especially with the traditional people.

Waiting fare can also be affected by waiting and seeing, because people from the suburbs are waiting for those people to feel the full weight of Bitcoin in the future. Even the volume of transaction itself will be helpful, and in addition to other companies offering futures.














































source  https://cointelegraph.com/news/are-bitcoin-futures-a-damp-squib