Savvy Trades and Investments

[dickmilde]

Sounds like the CME is making sure that they stay between the investors/speculators and the real bitcoin market.

I opened an account at GDAX.com which can also be done at Coinbase.com and did a wire transfer to fund the account. I can trade Bitcoin, Litecoin and Ethereum. I currently have a long position in Litecoin.

You can buy and sell without paying any commission fees although a market order will incur a fee. This exchange does not allow short positions. Market data is available without opening an account.

BTW... There are no market makers... This is a pure market where buyers and sellers meet. Certainly if someone can find a way to game the system they will but it won't be a market maker. The real order book is shown in real time with the order depth displayed.

We all know there is never a free lunch ( unless you're a democrat ) so the price you pay for commission free trading is probably the risk associated by dealing with a smaller exchange. I didn't look it up but my son says that GDAX has a very large part of the market in cryptocurrencies and is about the 5th largest. One thing you can be certain about... If you have an account at the CME they will get part of your money !

Anyway... I just opened the account yesterday and my position is already up 9.5%

https://www.gdax.com