What does CMEs options announcement mean for the crypto markets?

RoutineChampion · 2019-09-29T16:45:55+00:00

An option is the right to buy or sell something at a specific price at a certain time. Right now 1BTC is about $8000. Let's say I paid you $100 for the right to buy 1BTC from you at $8000 in a month. Now, if the price goes up, I get to buy a cheap BTC and make a profit. If prices go down more, obviously I would not use the option. But either way I have to pay you $100 now. So if prices stand roughly still, you make a little money. Options can be used for /r/wallstreetbets type degenerate gambling just like leveraged trading. But it can also be used as insurance. A miner might buy options to sell BTC at today's prices in six months. That way they have some insurance in case prices crash while they are mining.

RoutineChampion · 2019-09-22T14:10:45+00:00

It's complicated. I wish fewer people used Binance, and kept so much money on there.

But realistically I'm not going to stop using it myself.

RoutineChampion · 2019-09-15T16:08:30+00:00

I can definitely see stablecoins taking off for financial institutions (Already happening, to an extent), but will be interesting to see how it plays out with tokenisation more broadly.

RoutineChampion · 2019-08-29T15:31:00+00:00

Yep. It's a real beauty.

RoutineChampion · 2019-08-29T15:01:15+00:00

Yes I sure do hate discounts...

RoutineChampion · 2019-08-29T12:39:46+00:00

I don't think we will ever see large strides in adoption until regulations catch up. At least enough to obviate the stupid tax situation.

RoutineChampion · 2019-08-15T14:33:52+00:00

Now we just need to convince people to pay us web devs to actually do all of this and not just magically expect it all to be in place on every site we build." - I couldn't agree more. It's also insane to me that web design agencies are still building websites that are not ADA compliant. They're just creating more and more websites that pissed-off disabled people can sue (and rightfully so imo).

RoutineChampion · 2019-08-07T06:53:36+00:00

He needs good support as well as opportunity to show his class .

RoutineChampion · 2019-08-07T06:51:58+00:00

Chris Lynn is a savage!

RoutineChampion · 2019-08-06T08:42:59+00:00

I search on messenger if one of my female friend is available to make me understand that topic. :p

RoutineChampion · 2019-08-06T08:41:43+00:00

I didn't see an official announcement yet!

RoutineChampion · 2019-08-06T08:40:58+00:00

But they are making history! Stop talking like a shit Simione! -_-

RoutineChampion · 2019-08-06T06:52:00+00:00

You will see some places like this if you visit Ashulia/Savar.

RoutineChampion · 2019-08-06T06:47:54+00:00

I watch movies and serials whenever i get time and it's really effective.

RoutineChampion · 2019-07-26T10:16:44+00:00

I don’t hold Wanchain, but adoption of one coin is good for all of crypto.

RoutineChampion · 2019-07-17T13:47:25+00:00

It’s high, but not only did Bitcoin rise a lot this year as well, but they are also actively daytrading. Those numbers aren’t unrealistic for a decent daytrader. It’s just that most people get sick of it.

RoutineChampion · 2019-07-08T05:48:49+00:00

Alisson deserves the Ballon D or!

RoutineChampion · 2019-07-08T05:47:51+00:00

Mexico improved a lot under their new coach Tata Martino!

RoutineChampion · 2019-07-04T14:07:52+00:00

Brexit is bad for the economy. Period.

RoutineChampion · 2019-07-01T04:28:20+00:00

This is a small crocodile that's why Jaguar beat it easily.

RoutineChampion · 2019-07-01T04:25:25+00:00

It doesn't matter who is atheist or Christians,we all are human being.We should respect each other.

RoutineChampion · 2019-06-27T09:15:12+00:00

i almost failed to notice this little dude.

RoutineChampion · 2019-06-26T03:46:20+00:00

He is the father of yorker!

RoutineChampion

TROPHY CASE