When did beer trading morph into futures contracts?

The naked call of the beer trading market.

 

¯\_(ツ)_/¯

 

Pretrades are nothing new, I've seen them for as long as I've been on BA. I think that certain types of releases tend to inspire them, but they're pretty much a constant.

Let me know when we can short beers, then I'll be interested in the financialization of beer trading.

 

Let me know when I don't have to put my info out there, Name or Address and then I will short you beer.

 

You potentially can now. If you think a beer will be bad, set up a pretrade and ship it away before people realize it isnt anything special.

You'll have no fundamental reason to do this other then your gut, but I could see this being lucarative when Doom gets released.

 

Well yeah, but it's extremely limited.

Also, for the record, I don't want to short beer, it's just that's the point where I think it would be interesting. Securitization would be interesting too, and that seems a lot more feasible but less sexy.

 

this happens fairly often - unload the local limited releases while the homers pump up the review ratings before the out-of-towners come in and wreck the rating. it's not often the locals come in and destroy a potential wale right out of the gate (see: Hellshire I).

at least that's the conspiracy theory i read around here.

 

Not sure if this would be wise - the credit default swaps on Bolt Cutter would have sank the entire market.

 

Technically we can short anything. All we need a market that we can agree on that sets the current price of something. Ebay? The problem here is that there is no market with enough volume that could resist manipulation.

The short would go like this. You want to short a beer that I have in my possession. We agree that I loan you my beer with the stipulation that I get the beer back in 1 month, 3 months, 6 months whatever is the agreed time period. You would be hoping that the future price of the beer would be less that the current price. If that is the case you would get the difference in the future price to the current price. Of course if it is the other way around then the money would go in the other direction. Note that no beer actually has to change hands, only the agreement (contract) is necessary.

 

SpottedZombie

 

I wouldn't worry about it, we would inevitably be bailed out.

 

In your scenario, when people realized that the only way to potentially lock down a 'decent' trade was to set something up way in advance.

Doesn't work that way any more because more than a few traders are willing to break the contract once their shiny new whale hits the open market and 'shoots up the charts'. See: BA Abraxas. (I'm of the opinion that anyone who breaks the pre-trade agreement is a bad trader, but that's just, like, my opinion, man. Fortunately it hasn't happened to me, and I've never done it and won't do it to anyone.)

 

Yep, I was coming here to post this. Hell, GrumpyOldTroll and some of the others here probably have enough to allow for the shorting of walez, at least. The problem is transaction costs, i.e. shipping.

I could see people buying a Bolt Cutter, taking that first sip, and then rushing to the phone to call their beer broker -- collar, collar, collar!!!!!!!!!

 

You're absolutely correct there is no market that fits my description.

 

Note that no beer actually has to change hands. Transaction costs are Paypal only.

 

you could get a beer off someone now, with the promise of repaying them with a future release. trade that beer immediately on the hype, then when that other beer has dropped in value you hit em back with shelf turds cause that is the current value of the beer.

winning