Someone who uses bitcoins as a way to get love, affection and in some cases sexual favors from more beautiful mainly younger women/men
"Yea I went out and found myself a bitcoin daddy. All these broke n***** with real money just ain't working for me."
by Anthony Pellerito January 7, 2018
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The Metrics system of money. Great idea, but will never be adopted until all the countries come together as a new means of money. Instead, you just learn it in school and forgot that it ever existed and continue with your life.
Incel Tim: Hey some kid on youtube invested his Bar Mitzvah money into Bitcoin and made millions.
Chad: Yeah he made millions off of a get rich quick scheme that caused millions of hard workers to loose their life savings.
Chad: Yeah he made millions off of a get rich quick scheme that caused millions of hard workers to loose their life savings.
by Satoshi Nagasaki February 9, 2019
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by jangod August 5, 2018
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Get the bitcoin mug.A derivatives contract that is solely based on the price of bitcoin. These contracts can be traded on the CBOE & CME.
# Bitcoin Futures traded on the CBOE goes under the ticker /XBT. It costs a margin requirement of $8,667.00 - TD Ameritrade.
# Bitcoin Futures traded on the CME goes under the ticker /BTC. It costs a margin requirement of $34,174.80 - TD Ameritrade. You can look up the contract specs on your own time.
Liquidity is very low as it costs a lot of money to trade the product. Although, the price is followed fairly closely to the actual bitcoin data via the exchanges bitcoin API of choice. With this low liquidity, you will be paying a lot of money on spread. For example, Buy @ 13360 & Sell @ 13275, you will pay a $425 spread on just one contract. This is on the CME.
Now for the CBOE, Buy @ 13390 & Sell @ 13460, you will simply pay a $70 spread on a contract. Not bad, but less money to be made on the CBOE then the CME.
Bitcoin volatility posses a factor on trading halts. When bitcoin futures first opened to the public for trading. It had received two trading halts in one trading session. If the currency drops anymore than 10%, all orders will be canceled for a certain amount of time.
# Bitcoin Futures traded on the CBOE goes under the ticker /XBT. It costs a margin requirement of $8,667.00 - TD Ameritrade.
# Bitcoin Futures traded on the CME goes under the ticker /BTC. It costs a margin requirement of $34,174.80 - TD Ameritrade. You can look up the contract specs on your own time.
Liquidity is very low as it costs a lot of money to trade the product. Although, the price is followed fairly closely to the actual bitcoin data via the exchanges bitcoin API of choice. With this low liquidity, you will be paying a lot of money on spread. For example, Buy @ 13360 & Sell @ 13275, you will pay a $425 spread on just one contract. This is on the CME.
Now for the CBOE, Buy @ 13390 & Sell @ 13460, you will simply pay a $70 spread on a contract. Not bad, but less money to be made on the CBOE then the CME.
Bitcoin volatility posses a factor on trading halts. When bitcoin futures first opened to the public for trading. It had received two trading halts in one trading session. If the currency drops anymore than 10%, all orders will be canceled for a certain amount of time.
Wannabe Futures Trader: I received 3 margin calls because bitcoin futures fluctuates through prices like a hot knife in butter.
by EazieWeezie January 11, 2018
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by M.DuckerBurgh December 3, 2018
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