I was sleeping when the markets opened.
Nobody knew what would happen. But it's fairly calm.
BTC is around $16000.
It's an agreement between two parties to deliver a certain commodity/stock in the future for an agreed price.
The oil price = $60 a barrel today.
A company want to secure a barrel of oil in the future (let's say April 2019) and is willing to pay $70 for that barrel.
A counterparty is found that wants to take that deal.
Now when April 2019 arrives and the price of a barrel of oil is $150, the company made a great deal because now they can buy the barrel for $70.
But the opposite also applies.
When the price is $30 per Barrel in April 2019 than then the company made a horrible deal.
They have to pay $70 for the barrel that has a market value of $30.
This same principle can now be applied to Bitcoin.
You can trade them here: http://cfe.cboe.com
Future Price March 2018 at the moment: $18.400
I talk about it more in my vlog (starts from 1:03)
Get it Here:
