Are there futures markets for cryptocurrencies? Are they dangerous for Bitcoin? Is there a risk of price manipulation? What will happen once traditional investors can become involved in cryptocurrencies this way? Many miners were already using futures markets in their business operations as a hedge against price downturns. Right now this economy is still just a trickle, so it is difficult to anticipate what the impact of traditional investment will be. Risk depends on the structure of the futures market. There is a great deal of risk in naked shorting, but as long as traders hold the underlying asset or sufficient collateral (ex. CME), the risk is reduced. The anticipated benefits of the emergence of futures markets include increased liquidity and reduced volatility.
Disclaimer: I serve on the Oversight Committee for the Bitcoin Reference Rate at the Chicago Mercantile Exchange (CME). As with all of my videos, this is not investment advice.
CORRECTION: At 1:36, I said that the famous Bitcoin pizzas were purchased in March 2010. This is incorrect. Laszlo Hanyecz
bought them for 10,000 BTC each on May 22nd 2010.
The first question was part of the talk “Proof-of-Work and Immutability: A Planetary Scale Digital Monument” – https://youtu.be/rsLrJp6cLf4
The second question was part of the talk “Money As A System of Control” – https://youtu.be/FyK4P7ZdOK8
The third question was part of the first monthly live Patreon Q&A session on November 27th, 2017. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop
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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8
[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042
[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388
Subscribe to the channel to learn more about Bitcoin & open blockchains!
Music: “Unbounded” by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
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Is Futures market killing Bitcoin? Please make another video with your current opinion on the futures market?
Andreas, do you still think the futures is something good for bitcoin?
Hi Andreas, I see the financial, government, and fascist developments from the Masonic Temple, Illuminati….. Bitcoin will level the playing field. Check it out, it’s on YouTube of course, I.e., the internet which should be free and open to all. Thanks for all you do!
All old speeches. We need something new. Wasn’t there a talk on December 1st. Upload it.
So nice to see AA got paid!
Andreas! BCC, BCH. What is your view?
One things futures do is take dollars away from buying the underlying asset which could potentially lead to a smaller increase in the price of Bitcoin.
I really enjoy hearing AA speak
Future options on the CBME.
It's just a side bet. IT'S TWO GUYS BETTING BETWEEN THEMSELVES.
NO BITCOINS ARE GOING TO BE BOUGHT OR SOLD. It's the safest way (depending on your position at the time, AND ONLY WHALES CAN PLAY THE GAME), for the market to probe into the space.
NO BITCOIN WILL EVER CHANGE HANDS .
Yes,it does provide a nudge in the direction of it being legit(which is a good thing) but without an actual margin call where you have to deliver the asset(being 1005bitcoin or something whatever ) it's just a side bet. IT'S DELIVERED IN CASH NOT BTC
Hey John i bet you 100k BTC will be 2000.00 next week.
Hey Ralph i will take that bet.
Both John and Ralph have been vetted to be able to cover that CONTRACT. And next week both are legally obligated to execute the contract with the CBME having an obligation to distrubt the funds per the contract.
NO BITCOINS EVERY CHANGE HANDS.
PERIOD
You’re awesome andreas if you ever need another editor look me up
Andreas thank you for all that you do. I would love to hear your take on what fcc is trying to do with net neutrality and its affects on the crypto industry
RIght now the media keeps talking bubbles. You were amazingly able to convince the Canadian and Australian lawmakers of it's potential but it doesn't seem to be translating to the masses thanks to the economic talking heads on most of the talk shows. Would you be willing to go on a few of them to open their eyes as you did with the lawmakers you spoke to? Even NPR can't grasp the technology and it's potential from the people they interview and they are very open minded I just think they are talking to the wrong people. I feel like the world needs your brilliant understanding of the technology now more than ever! 🙂
Always a pleasure to be teached by you @aantonop ;Please publish ''The Internet of Money: Volume Two'' in Spanish like volume 1 (pleaseeeee <3)
Cryptos are an awesome concept. Peer to peer deals without 3rd party intervention. The concept is so wonderful, governments will be unable to keep their hands off of it. Andreas can talk it up all he wants, but unfortunately regulation will be its downfall.
Excellent video, thank you, much appreciated : )
Andreas, keeping them in check… keep it coming. We the people just want truth, it's simple….
side note, i like the fact that his logo, is his hair line… well played sir….
The answer to the question of can futures be used to manipulate the price is if properly used no, it's a combination of both futures and options that dose this. Iron condors & short spreads move volatility from the spot and futures market to the options market then the options market makers add directional pressures on, in this case the currency. Hence the pegging of gold!
Will you have a talk in Berlin?
Translation : I was right
You rock