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Tag: Bitcoin

Bitcoin First Day, USDA Report Tomorrow, March is the Front Month for Stock Indices! 12.12.2017

Posted on by Ilan

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Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

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Dear Traders,

March is now the FRONT MONTH for all e-mini contracts. March is H8

so YMH8 is the March mini Dow futures

Market Movers: December 12 Crop Report

  • By CME Group
  • Topics: Agriculture

Industry experts Dave Hightower, of The Hightower Report, and Virginia McGathey, President of McGathey Commodities, preview the December 12 USDA report discussing corn and soybean yields in advance of its publication.

Watch the Video!

Bitcoin updates:

The CBOE 1 bitcoin contract launched last night in what I consider a relatively successful first day. The CBOE contract controls one bitcoin while the CME contract set to launch this coming Sunday evening controls 5 bitcoins.

We saw approx. 4000 contracts traded on the January contract of the CBOE with a high of 18850 and a low of 15,000 ( where the market opened…) The contract is very volatile and the bid-ask spread is still wide.

Continue reading “Bitcoin First Day, USDA Report Tomorrow, March is the Front Month for Stock Indices! 12.12.2017”

Will Bitcoin Continue to Explode? Trading Levels for 12.08.2017, Non Farm Payrolls

Posted on by Ilan

____________________________________________________________________

Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!  

____________________________________________________________________

Dear Traders,

Bitcoin: Will Stunning Rally Sustain or Sour in 2018?

  • 4 Dec 2017
  • By Erik Norland
  • Topics: FX, Equity Index, Metals

Our previous article on bitcoin focused on the crypto asset as a currency and delved into the inherent tension in its role as a medium of exchange and a store of value. This paper examines why bitcoin is so volatile; its supply and demand drivers, and how the cryptocurrency compares to commodities.

What is most striking about the economics of bitcoin is the certainty of its supply and the vagaries of demand. The rate at which bitcoin is mined has been highly predictable and unlike almost any other asset – currencies or commodities – its ultimate supply is a known quantity, fixed well in advance. There will never be more than 21 million bitcoins. This feature makes supply almost perfectly inelastic. No matter how high prices go, miners will not produce more than 21 million coins. Moreover, price increases won’t necessarily incentivize a more rapid mining of bitcoin. Even if they did, it would only influence miners to create more bitcoin today at the expense of creating less in the future since the total supply will reach a hard, asymptotic limit of 21 million coins…..Read the Rest

The New Account Application

In Order to Trade bitcoin futures and other commodity futures, please complete the following online application and fund the account with the minimums listed above

Here’s the link to the on-line account application (takes about 15-20 mins.)

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Continue reading “Will Bitcoin Continue to Explode? Trading Levels for 12.08.2017, Non Farm Payrolls”

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.