KryptoFoo
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February 26, 2015, 06:38:29 AM

Nice try with that throwback Chinese panic dump. Market giving shorts false sense of hope and dealing pain to longs with tight stops. Figures.


P.s. why today's announcement of the new bitcoin derivatives exchange is a "game changer".

http://www.cnbc.com/id/102456187

Quote
This is why the announcement of a bitcoin futures-and-options broker is so exciting. Merchants will have more options to hedge bitcoin exposure which eventually could lead to fewer merchants immediately converting to fiat

And you can expect bitpay and coinbase will be using this new service!

If you could tolerate the third party risk, why not just take your cold storage coins and double down by putting them into 1 or 2 YR futures and go long?  If youbelieve long term priceis headed up, you could increase your profit w/oputting additionalcapital at risk. Also a futures market would be a much more accurate gauge on upcoming price movements than the nearly universally terrible technical analysis from Coindesk, cryptocoin news etc.

EDIT: the above link says NOTHING about the derivates exchange. Not a launch date, not a URL, not a name. nada.

Coindesk hasn't picked this story up yet?!?

http://www.marketwatch.com/story/ex-goldman-director-launches-bitcoin-derivatives-brokerage-2015-02-25-5203121

I found the name of the exchange: it's called LedgerX. You think those morons could have mentioned it in  the article.

That's another one, also from ex wall street execs! The one that opened today is http://www.cryptofacilities.com/