Alright, diving into this whole crypto nonsense thing again. Honestly, not a single crypto project seems to have a solid, real-world use yet. And get this, most don't even have a real office. Makes you wonder, right? How can you trust something without someone actually being responsible for it? If there's a face to the project, someone has to play by the rules and can't just scam you easily. But let's be real, calling crypto the future is a bit of a stretch. When things get shaky, no investor in their right mind would pick a crypto investment over something solid like government bonds. Why would anyone throw their money into something as wild as crypto, when even something as basic as oil or a piece of real estate feels a ton safer? And comparing Bitcoin or any crypto to even the smallest company on the stock market? No way. Those companies have real people, real business going on. Just thinking out loud here, but how many of you have been burned by some crypto scam? Ever got your money back like you would if your credit card got scammed? I doubt it. Bitcoin kinda feels like it's just for the shady side of the internet, moving big money under the radar. It's not really about helping humanity or bringing some great value. And thinking about the future, when we're all using digital money, will Bitcoin or any crypto even matter if there's no cash to hide or launder? But hey, if you're into day trading or making quick money, sure, ride the crypto wave. Just don't go betting the farm on it or dreaming about living off it on a yacht or something.
Anytime a smaller contract is offered it has greater volume than the standard, but what's the spread like. Anyway not really interested in opening another separate account. BTC micro is fine for me.
I already have the Coinbase account from buying spot BTC so I don’t have to open another account. The spread between Coinbase futures and CME is tiny right now, since I’ve been watching their within $50. The Coinbase Coinbase contract is 1/10 the size of the micro but they currently only charge $1 per round-turn. That makes commissions even compared to my main futures account. Leverage is about 3.6x. The trading platform is limited though, no chart trading and indicators are limited. Also no futures access on the mobile app. The extra liquidity is comforting though. Edit: commission is $0.50 per round-turn Another question I have is the spread between futures and spot. Front month futures are always a hundred or two higher than spot, at least since I’ve been paying attention.
Intraday? And, if so, what kind of day trade margin does your broker offer? Just idle curiosity here.
As I said in post# 171 .... "BTC micro is fine for me." 1/10th the size. I prefer to trade in 3's with whatever market. No way 3x the 5coin one.