I wonder how much all this has cost the Winklevii.
Maybe there is a lesson here. Why go asking for permission when you already have an asset which doesn't require it? This ETF never made sense to me from the start. The only argument I've ever seen for it is so people can put their 401k in "Bitcoin". Spot on. Also why did the SEC wait until the last possible hour on the thrice extended delays to announce with great fanfare (and huge insider gaming trading it appears) to disapprove? And it seems they never gave the Winklevoss a chance to withdraw their application before the deadline either it appears ... hung those poor feckers out to dry. I'd be super pissed if I was them. SEC proves to be just another tool for the Deep State to defend the monopoly money powers and entrenched vested interests. No surprises there. they've kinda proved why bitcoin is nessary at this point The ETF was conceived to enable the twins to cash out their million coins without crashing the market. Simply provide the ETF with its supply at market price until you are out. Question is -how will they cash out now? |
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looking forward to wisdom and bitcoinity going back to pricing mBTC.
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 Anyone want to invest in a perpetual money making machine? The image is only a prototype as the shadowy autonomous organisation who initially invested in the project are thinking of removing the bankrupt option. It went to a vote at the last board meeting but we couldn't work out who voted for what due the decentralised nature of the committee. Each proposed share costs half a bitcoin, a few dash and a decimal fraction of monero. By investing you will own the rights to a signed message of a hash of a share but you can cash out to dogecoin soft toys at any time. Mark Karpeles has been quoted describing the project as 'risk free' Who's in? I would like to propose a softwork to change the font used for the word SURPRISE and a hardfork to enable the wheel to spin backwards |
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Imagine how long bitcoin would have lasted if we had hard-forked it every time someone's funds got stolen.
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I think $ 10,000 would not be achieved in four years. probably in 2025 bitcoin prices will exceed $ 10,000. we expect only bitcoin prices will increase further.
I honestly think the 10k is not gonna reached at all, its just way too much for the bitcoin in my eyes, its just such a large amount. The max what the bitcoin can reach in my eyes is the 5k in the upcoming years.. it's still only 0.01c a Satoshi. We should be pricing satoshi not Bitcoin, right now you can buy 147,000 satoshii for $1, thats a bargain. |
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Well, the entire world economy doesn't need to go Bitcoin. However, if even 1% of the world economy goes Bitcoin, you have an amount equal to a few thousand percent of the current market cap.
You ever consider how much it would cost to secure a "$20 trillion+" POW network? Taking into account that it costs ~25BTC/10 mins to secure it now, when the market cap is a mere 10 billion? It would still cost 25BTC/10 minutes (or more likely a significantly lower amount as more than two more halvings are likely to have taken place) But the purchasing power of 1BTC would have increased dramatically. |
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I still don't get why the Chinese are very involved. Can anyone explain like I'm five? The Chinese currency has been steadily depreciating since 1/14, but at an increased rate since March. There are few cost effective ways to move money out of CNY and caps on the amounts you can legally exchange. I imagine the Chinese see crypto currency as a means of hedging against further CNY depreciation. |
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how many bitcoins do I need to become rich  how many do you guys have , don't be shy That depends on the date. lets say 2020 now define rich. |
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so this is now a way to buy BTC for $1000? But you get to keep it in a retirement account, which presumably has some tax advantage?
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I'll just keep using them to buy the stuff I want from Amazon via purse at a 30% discount to FIAT prices, then buying them back on exchange for 85% of the fiat amazon price, making everything I buy 15% cheaper and increasing my BTC stake at the same time.
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yes I am sure that the Romans, Babylonians, Prussians, Germans pre Wiemar, Hapsburgs and Ottomans all thought the same thing. Nations debase their currencies as a matter of course and eventually fall, just look at the value of the pound sterling against Gold since it left the gold standard in 1971 as an example. Then consider the purchasing power of 1 old British Pound circa 1920 against one today.
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Bitcoin isn't tangible
Yes it is... its information! .. I can print it on paper, on metal copper sheets so I can have them in 2000+ years to my ancestors, I can write it on a CD, store it on a USB / SSD, and from what I know you can also print it on a coin... And all of those can be multiplied with the same copy of the same thing in case something happens. Armageddon? You can also print "I got Assburgers" on a piece of paper or stamp it on a coin, and, while your retardation is almost palpable, it, nevertheless, isn't tangible. The paper is, your Assburgers aren't. You must learn the words you use before using them, starting with the word "tangible."  by your arguement a USD is not tangible either being simply a symbol stamped on a coin or printed on a piece of paper. Backed by the ability of a nation to collect taxes, or backed by an encrypted decentralised ledger - take your pick |
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2013 just called me and told that bitcoin is a new and exciting investment
oh you early adopter you |
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You wrote it the wrong way, its BITCOIN IS GOING DAHN SON. , think Danny Dyer.
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$1,000 could be within a year. We will not see $1 milllion within 20 years. I am satisfied with 100% rise every year in the medium term.
based on your 100% target return per annum Bitcoin will be at $1 million within 12 years - personally I think you are dreaming if you think Bitcoin will ever achieve that level. |
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I wish that this was true but we all know that this is not happening any time soon. That price is just way to high I cannot even imagine the price to be that high.
But it would be good for the future if the Bitcoin price was 200k that would make me rich.
It will not happen in 1 to 5 years. But it will happen in 10 to 20 years. The monetary policy of Bitcoin is very transparent. If you really believe the price to go up to $200,000 in 10-20 years, then why don't you collect all your money and go all in right now? Forget using your own money - if you really believe that, borrow as much as you can, lever yourself to the hilt and buy every coin you can....... just dont come crying when they foreclose on you and you are destitute in the street. |
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The halving is happening - whether this means the price of bitcoin will increase is questionable. Markets do price in known facts , whatever people on here may otherwise post. If the price was guaranteed to rise after the halving no one would be selling now at all, all the coins would be on offer at what the market thinks is the post halving price.
Since coins are on offer at the current price then the current price must already be the post halving price, and no rise is coming.
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This can be possible, regarding the current natural growth just before upcoming halving seems to be very strong and can easily cross 500 mark within this month of may, which is 2 moths from the OP date.
the problem will be the dumping after the halving when it doesnt go up and all the people who bought BTC because halving equals profit dump their coins...... |
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I have $100,000 to invest but want to safely double it in a year. Any suggestions?
bet on red |
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