Well, Bitcoin futures have claimed their first victim: the Cboe’s official website.
In what can only be described as a rather inauspicious start, the site is down for the most part and when it is accessible, it’s only intermittent.
Due to heavy traffic on our website, visitors to https://t.co/jb3O722hoo may find that it is performing slower than usual and may at times be temporarily unavailable. All trading systems are operating normally.
— Cboe (@CBOE) December 10, 2017
“In the opening minutes late Sunday, January 2018-expiry bitcoin futures were $16,630 per bitcoin, up $1,170, with 60 contracts changing hands,” FT details, before adding that “the public-facing home page with pricing details on the new futures contracts was up for only minutes before the company’s website appeared to go offline completely for a brief period amid intense public interest in the derivatives’ potential impact.”
That said, this is apparently off to a half-decent start at the ground level:
Albeit a slow one:
Meanwhile, Bitcoin itself spiked a laughable $1,200 the minute futures started trading:
Slow start for new #bitcoin futures. Only 572 Bitcoin contracts have been traded in the first trading hour. pic.twitter.com/P3qXNWQEJN
— Holger Zschaepitz (@Schuldensuehner) December 11, 2017
Ooops! Only 1 March2018 #Bitcoin Future contract has been traded in the first 45mins. pic.twitter.com/yOrR2Si1CU
— Holger Zschaepitz (@Schuldensuehner) December 10, 2017
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
snapshot of #bitcoin futures on the open. Historic day! pic.twitter.com/ZtRWz2iajt
— Brian Kelly (@BKBrianKelly) December 10, 2017
Twitter was ablaze about the Cboe…
CBOE's website has become inaccessible as it launches its XBT futures contract #bitcoinfutures https://t.co/xkX5JCg9Ho
— CoinDesk (@CoinDesk) December 10, 2017
The first market data is coming in from CBOE's website following the #bitcoinfutures launch pic.twitter.com/kl3IlhCwea
— CoinDesk (@CoinDesk) December 10, 2017
And @CBOE goes down ? #bitcoin #cboe #blockchain #fintech #futures pic.twitter.com/r83twXF6LD
— Michael Goldman (@michael_goldman) December 10, 2017
#Bitcoin #Futures trading crashed the CBOE sites in a few minutes of trading. #Bitcoin # pic.twitter.com/bmsXhPoawm
— Aman Saggu (@aman_saggu) December 10, 2017
Bitcoin futures open and the CBOE website crashes #whoa pic.twitter.com/44fuAQX7GH
— Tyler Lindquist (@sirTLO) December 10, 2017
Current status of CBOE’s Server cage. pic.twitter.com/Lbn8FQfFdR
— William Fernandez (@Unixpro83) December 10, 2017
Confused Travolta also trying to access the $CBOE website to see #bitcoin futures trading. Can occasionally get the website to pull up, but mostly still seems down when I try to get on it. pic.twitter.com/Pm14NttWvv
— North Bluff Capital (@bluff_capital) December 10, 2017
Welcome to #Bitcoin @CBOE!
15min candle real time on GDAX
(WARNING: may cause seizures) pic.twitter.com/fIvkqhRiGt— Nescient Meat Puppet (@JustinEttaputz) December 10, 2017
$XBT bitcoin future versus #bitcoin 5M grafico pic.twitter.com/PVyWQ38SbB
— Rick Decard ???????? (@rick_decard) December 10, 2017
This is developing (in the truest sense of the term).
— Crypto Rand (@crypto_rand) December 10, 2017
I just want to fast-forward to the crash so I can then try to identify whatever revolutionary crypto emerges from the ashes. The “Amazon emerging from the tech bubble ashes,” if you will. Keep it up, Heisy. I don’t have a Bloomberg so appreciate this real-time info.
Rudy
Correct me if I’m wrong, but futures buyers are pricing in >1% per month return on these futures contracts? I’m comparing the Jan 2018 at $16,050 and the Mar 2018 at $16,430, a roughly 2.2% difference over two months…
It’s the bid/ask spread that’ll getcha!
It’s the bid/ask spread that’ll getcha!
Did the makers accomodate shorts or longs. I think market makers likely went short.
I think the iidiots in this futures market are all going to crush each other and all will go broke