“It is rare that you see something more volatile than bitcoin, but we found it: bitcoin futures,” said Zennon Kapron, managing director of Shanghai-based consulting firm Kapronasia.

No, because trading was deliberately halted by the CBOE to keep volatility down. That you think today is "volatile" shows how little you understand about cryptocurrency, Zennon.

If you bought one bitcoin at this time Friday, you made $2000 before you lost $1000 before you made $1000 before you lost $2000 before it was fucking Sunday. Right now? Right now you're about a thousand dollars ahead. But if you bought BTC on Friday in preparation for making money on futures today, you're actually seeing a calming of the market.

posted by mk: 338 days ago