The highly anticipated launch of Bitcoin Futures on CBOE was as fortuitous as it was to be expected in the world of cryptocurrency because the trading platform collapsed
After being laughed at the cryptocurrency exchanges that were struggling to cope with the massive influx of people trying to enter the market in the past two weeks, traditional financial institutions have glimpsed the giant that has become Bitcoin.
Nevertheless, the future Bitcoin were officially launched and their reality saw the market react positively.
Social media platforms were naturally busy – and people from all walks of life were giving away two hundred in response to the new futures contracts being launched.
Renowned stock breeder Ronnie Moas reflected on the launch of Amazon in 1997 and how he grew up and survived the notorious dot.com bubble. He also launched a $ 100,000 hope:
Amazon went from $ 40 to $ 1,200, even though the shorts have been trying to do it since 1997. I do not worry NY / CHI manipulation. $ BTC now has a valuation of $ 270 billion and is a top 20 #currency vs> 180 currencies / #bitcoin is now @ a point where it can not be easily manipulated / $ 100K or bust
– Ronnie Moas (@RonnieMoas ) December 11, 2017
This user claimed to be the very first person to obtain a Bitcoin futures contract:
I was the first in the world to trade future #Bitcoin. Losing trade, but always FIRST! pic.twitter.com/osHCPgIOns
– JVH (@Irishroundtable) December 10, 2017
The US actor James Woods has been outspoken about Bitcoin lately, taking a speculative and cautious stance the best.
I have never trusted the concept of the Federal Reserve either, just for the record. I like tangible things, things that have real value. But I am older and certainly old-fashioned. I'm glad to admit that I'm probably wrong on #Bitcoin, but I still do not touch it.
– James Woods (@RealJamesWoods) December 10, 2017
Financial commentator and commentator Brian Kelly captured the first three Bitcoin futures listed on CBOE:
Instant Future # bitcoin in the open air. Historic day! pic.twitter.com/ZtRWz2iajt
– Brian Kelly (@BKBrianKelly) December 10, 2017
Bitcoin podcaster Trace Meyer has been excavating CBOE and Coinbase as the fall of their sites – while noting that the Bitcoin network goes strong:
#Bitcoin term launched 15 minutes ago. The @CBOE site is down. @coinbase is down. Many exchanges are down. I guess they do not know how to evolve. The #Bitcoin network is in place and has not had any downtime. Go understand. Go $ BTC
– Trace Mayer (@TraceMayer) December 10, 2017
The financial editor Holger Zschaepitz pointed out the most important fact – the price of bitcoin was somewhat stable while the CBOE
No one knew exactly what would happen when the futures markets opened on Sunday night. What we know now: The #Bitcoin price is relatively stable while the Cboe website has crashed! pic.twitter.com/c7pAhhnl2a
– Holger Zschaepitz (@Schuldensuehner) December 10, 2017
Long Week to Come
While the initial launch of the Bitcoin futures is not sure. is not rolled as well as CBOE could have hoped that the reality and effect of the futures contracts will only really be felt when negotiations are in full swing later today.
Nevertheless, CBOE tweeted that nearly 1,000 contract transactions had been placed after two hours of initial trading.
Cboe #BitcoinFutures $ XBT Exchange more than 800 contracts in the first 2 hours after the launch #bitcoin @GeminiDotCom https://t.co/kHiZo8DR9m] pic.twitter.com/oCCxRZcPnC
– Cboe (@CBOE) December 11, 2017
Bloomberg reported that two price breakers were triggered during the first hours of trading – an automated mechanism that is used to control volatility. CBOE will reduce trade by five minutes if the Bitcoin price increases by more than 30%.