Twitter Criticizes CBOE’s Collapse After Bitcoin
With CBOE’s long-awaited Bitcoin futures trading, the trading platform crashed in less than an hour after opening due to the intensity. Although some users said that the servers of Wall Street companies are strong, most crypto money enthusiasts could see this coming.. Especially in the last two weeks, due to the increasing awareness of Bitcoin, exchanges were having a hard time due to the access demand they faced.. Now, the same thing happened to the CBOE, which introduced Bitcoin futures transactions last night.
Whatever, we can say that the opening of futures transactions has added a very positive atmosphere to the crypto money market.
Of course, this is what happened. Users on social media did not remain silent about the events either.. All kinds of crypto users, Wall Street or not, have said something about the CBOE.
Ronnie Moas, a pretty famous name on Wall Street, said Amazon’s He talked about his 1997 public debut and explained how he successfully circumvented the dotcom bubble. He also reminded that Bitcoin can be $100,000.
Amazon went from $40 to $1200 even though shorts tried to hit this since 1997. I’m not worried about MY/CHI manipulation. $BTC now has a $270 bln valuation & is a top 20 #currency vs > 180 currencies / #bitcoin is now @ a point where it cant be easily manipulated / $100K or bust
— Ronnie Moas (@ RonnieMoas) December 11, 2017
“Attempted to lower the price of Amazon stocks, however, the price was 1997 $1200 today when it was $40. I’m not worried about price manipulations from New York. BTC currently has a market capitalization of $270 billion and ranks 20th among the currencies of 180 countries.. Bitcoin is at a very difficult point to manipulate right now.. It will either go for $100,000 or nowhere.”
This user claimed to be the first person to trade Bitcoin futures on the CBOE:
I was the first one in the world to trade #Bitcoin futures. Losing trade, but still FIRST! pic.twitter.com/osHCPgIOns
— JVH (@Irishroundtable) December 10, 2017
“Bitcoin in the World I was the first person to trade futures. It was a losing transaction, but it was the first transaction!”
Even Famous Names Are Involved
James Woods has recently commented on Bitcoin. one of the famous personalities. He has made dubious and cautious statements about Bitcoin in the past.
I’ve never trusted the concept of the Federal Reserve either, just for the record. I like tangible stuff, things that have real value. But I’m older and certainly old fashioned. I’m happy to admit I’m probably wrong about #Bitcoin, but I’m still never touching it.
— James Woods (@RealJamesWoods) December 10, 2017
“For the record, I never trusted the Federal Reserve (FED) concept either.. I only like things that are tangible and of real value.. But I’m old and definitely old-fashioned. That’s why I’m happy to say that I was wrong about Bitcoin. Whatever happens, I’ll never touch it.”
Financial commentator and publisher Brian Kelly is one of the top 3 futures contracts listed on the CBOE. managed to take a screenshot:
snapshot of #bitcoin futures on the open. Historic day! pic.twitter.com/ZtRWz2iajt
— Brian Kelly (@BKBrianKelly) December 10, 2017
“Bitcoin futures contracts a screenshot. A day that will go down in history!”
Online Bitcoin commentator Trace Meyer mentioned the access problems in CBOE and Coinbase, but the Bitcoin network’s He added that it’s solid:
#Bitcoin futures launched 15 min ago. @CBOE site is down. @coinbase is down. Lots of exchanges are down. Guess they do not know how to scale. #Bitcoin network is up and has not experienced any downtime. go figure. Go $BTC.
— Trace Mayer (@TraceMayer) December 10, 2017
“Bitcoin futures trades 15 minutes ago It was published. Unable to access CBOE’s website. Same with Coinbase.. Unable to access many exchanges. I guess they have no idea how to do scalability. The Bitcoin network, on the other hand, is stable and has not crashed.. you think. Walk BTC!”
Finance editor Holger Zschaepitz drew attention to an important fact that everyone in the markets should see:
Nobody was quite sure what would happen when the futures markets opened on Sunday night. What we know now: The #Bitcoin price is relatively stable while Cboe website crashed! pic.twitter.com/c7pAhhnl2a
— Holger Zschaepitz (@Schuldensuehner) December 10, 2017
“No one futures He didn’t know what would happen when his markets opened.. Now we’ve learned: Bitcoin price is relatively stable and CBOE’s site is down!”
A Long Week Awaits
Bitcoin futures launch is as much as the CBOE hopes it did not go smoothly, because there are problems with access to the platform. But the real effects of the futures market on cryptocurrencies and the platform will not be felt until everything settles down this week.
CBOE, on the other hand, tweeted that it was almost 2 2 hours after the futures trading started. stated that the contract has been processed. At the time of writing, this number has exceeded 2910.
Cboe #BitcoinFutures $XBT trades over 800 contracts in the first 2 hours post launch #bitcoin @GeminiDotCom https://t.co/kHiZo8DR9m] pic.twitter.com/oCCxRZcPnC
— Cboe (@GeminiDotCom) CBOE) December 11, 2017
“After the first 2 hours, CBOE Bitcoin futures trades exceeded 800 contracts.”
Bloomberg, on the other hand, stated in a news that the “circuit breaker” feature on the CBOE website has been activated twice.. The circuit breaker is a device that stops all trading for 2 if the price rises by 10% and for 5 minutes if the price rises 20%. system. Let’s see what awaits the cryptocurrency world in the coming days. Especially on 18 December, Bitcoin price may be affected greatly with futures transactions on CME.
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