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RE: Over $30 Million Liquidated in 5 hours!!

in #trading6 years ago

Do you know if and how the dollar backed future contracts on Bitcoin affect its price?

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underlying asset does'nt change hands and indexes dont factor prices so margin trading doesn't directly effect the price directly only sentiment by % + volume of shorts and long s

Are you sure?
Because there are some sorts of forward or future contracts (I need to know the difference) that are a right to eventually own the underlying asset.
This is what is called "take delivery".

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yes some do but % of volume is tiny so likely to pay large premiums to trade some situations might be good as CME futures reached $26k when spot price was under $20k

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Yesterday I wrote to you about a transfer of 0.05 with no memo that I sent to you over 24 hours ago.
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Refund sent. Actually, you got 2😂. Thanks

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You got a 100.00% upvote from @sleeplesswhale courtesy of @atempt!

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You got a 40.00% upvote from @sleeplesswhale courtesy of @stimialiti!

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