The current high levels of Bitcoin volatility are obviously exciting for day traders, but bad for commerce. Some clever people must already be thinking about Bitcoin futures as a way of damping the market.
Mt Gox bootstrapped in a year, could a BitFX do likewise?
An obvious question is why anyone would buy futures initially? Until the price (eventually) stabilizes, maintenance levels would continually be breached, resulting in a blizzard of margin calls.
The current high levels of Bitcoin volatility are obviously exciting for day traders, but bad for commerce. Some clever people must already be thinking about Bitcoin futures as a way of damping the market.
Mt Gox bootstrapped in a year, could a BitFX do likewise?
An obvious question is why anyone would buy futures initially? Until the price (eventually) stabilizes, maintenance levels would continually be breached, resulting in a blizzard of margin calls.
Oh, and hi everyone. :-)