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RE: CBOE bitcoin futures surge 20% to $18’700

in #bitcoin7 years ago

Thank you for the very instructive article. I very often heard the word futures and could not understand what it was. And so, this article woke my curiosity, and I looked in Wikipedia - https://en.wikipedia.org/wiki/Futures_contract.
Here I first learned that this is just a contract, fixed by some kind of asset. In our case it is bitcoin.
After that, I understand that the price of 18.5 thousand dollars is just the beginning of its growth. The very fact that it began to trade on securities exchanges, inspires people its value. Further all by the standard scheme, we believe more in its value - it becomes more valuable.

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The net effect is that bitcoin is now, for the average American, just a phone call away. No complicated software or dodgy foreign exchanges to deal with.

Thank you for mentioning, I missed this moment. Now, especially, I will wait for the growth of the bitcoin price

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