Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Thanks Tango and Juan !
I was surprised that CFTC approved Bitcoin as underlying asset, mainly due to the high volatility.
I think that a currency is primarily a matter of confidence in being able to offer a safe valuer and good security in transactions.
Over a very long period of time, it may change to Bitcoin's advantage, but at the moment, I think it does not work well as a currency.
My hope is that CFTC's approval will allow more market players to help reduce volatility, which may benefit Bitcoin's trust in the long run.
Guys whats your thought of a possible link between CFTC's approval and a possible future solution to a limited regulation in order for this market to grow into a broader currency alternative long term ?
Very interesting to follow this, for now I am only a seller when and if the market is showing short-term extreme values in momentum, as the market
shows a mathematical patterns that "for now" seems to repeat.
Have a good weekend//Joakim