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DooKey
[H]F Junkie
- Joined
- Apr 25, 2001
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Today marked the first day of bitcoin futures trading and it was a wild one. Futures surged as high as $18K which means the value has tripled in the past month. Trading was so heavy that automatic halts were triggered to cool off volatility. All eyes are going to be on this cryptocurrency going forward to see if it will maintain the gains, cool off, or even crash. Be careful out there in this new market.
The surge in bitcoin futures, the first of which expire in January, adds to the frenzy for the digital currency that was introduced in 2009 and has seen its value skyrocket in recent months. But it has also contributed to concern that bitcoin, which is not backed by any country's central bank, is a speculative bubble that could burst if investors get nervous and begin selling.
The surge in bitcoin futures, the first of which expire in January, adds to the frenzy for the digital currency that was introduced in 2009 and has seen its value skyrocket in recent months. But it has also contributed to concern that bitcoin, which is not backed by any country's central bank, is a speculative bubble that could burst if investors get nervous and begin selling.