• Breaking News

    Monday, February 3, 2020

    Litecoin David Burkett Releases New Update For Mimblewimble’s Integration To Litecoin

    Litecoin David Burkett Releases New Update For Mimblewimble’s Integration To Litecoin


    David Burkett Releases New Update For Mimblewimble’s Integration To Litecoin

    Posted: 03 Feb 2020 02:23 AM PST

    Is the Litecoin Mining Community ready to fund Litecoin Further development?

    Posted: 03 Feb 2020 02:24 AM PST

    Litecoin network statistics for January 2020: high volume average and very low fees

    Posted: 03 Feb 2020 03:48 AM PST

    What does "open interest" mean?

    Posted: 02 Feb 2020 12:07 PM PST

    I read a couple of articles which predict a bitcoin crash due to a historical trend associated with bitcoin's "open interest" hitting $1B.

    What does that mean?

    I did some googling and it transpires that open interest is a trading term in general use. It isn't to do with bitcoin specifically, but it relates to bitcoin in so far as bitcoin is a financial asset that is traded.

    Even after reading some definitions, I find that I know exactly as much about what it means as I did before. Practically nothing.

    The definitions I read talked about open, unsettled contracts. What does this mean? The obvious answer, from my limited perspective, is a trade that was initiated by one party but not completed, and held in limbo.

    I don't believe that is how crypto currency trades can work, so I must be totally misunderstanding the point.

    Does someone care to enlighten me?

    Explain it like I'm a five year old.

    submitted by /u/_bh_
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