I know I have been spamming alot on this website out of boredom, but I repeated many times that "they" as cryptoers love to call exchanges brokers and big traders do not care if Bitcoin dies and that the CME group & CBOE was here to make money, and just because your beloved magic coin gets a future doesn't mean it's impossible it gets removed. It's not a big deal.
I posted examples, facts, I even mentionned granular piss futures.
Ignorant crypto baggies were persuaded to know more than me, and they had "bullet proof" (in their mind) arguments, true sherlock stuff "bla bla bla hence it is impossible omg I am so smart u just too dumb to understand".
Well, turns out CBOE Will Not List Bitcoin Futures in March.
“CFE is not adding a Cboe Bitcoin (USD) (“XBT”) futures contract for trading in March 2019. CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading.”
Does not mean it is over, but it means I was RIGHT. RIGHT.
Gosh I hope they drop bitcoin futures alltogether.
CBOE volumes have dropped so much lol. CME still makes volumes of 100k futures a month which is still decent.
I love this part of the article so much:
"Earlier this week, a report from Bloomberg stated that the Bitcoin price could be headed for another large selloff. Analysts said that key technical indicators such as the Moving Average Convergence Divergence had been moving downward since mid-February. Bloomberg analyst Mike McGlone said:
“The entire industry is ripe to resume a path to lower prices. Conditions are akin to November [2018], just prior to the collapse...”
"
Music to my ears.