One of the critiques was from Professor Bitcorn stating that 50% of bitcoins are owned by less than 1000 people. Mark Zuckerburg alone owns almost 30% of Facebook and yet they are just fine with listing his little fund. Many companies list their stocks on the exchanges with most of the ownership belonging to two or three people.
And that high percentage number goes down over time as we all see the early adopters dump a large amount of their coins periodically.
I am willing to bet that they do not hold all future ETFs to such a high standard. I would be willing to write to the SEC during any open request for comments to ask if the new ETF fulfills all of the requirements that they rejected Bitcoin for.
Fuck that guy... what is his problem? Why is he even commenting on bitcoin after his ridiculous claims of BTC going to $10 Some people just want to bring others down. Literally that is all r types live for. I think it's pretty well understood at this point that Mark T. Williams and Jorge Stolfi are both paid troll cronies for the financial industry. No one would dedicate such relentless antagonism against anything in life and become 'known' for it, unless they are being paid to do so. |
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I find it strange that they did not accept the ETF because they could not regulate every bit of it.
How do they regulate all of the gold in the world for the GLD ETF?
They just think they do. Just because there are multiple ways of checking gold's price does not mean that the market cannot be manipulated. The SEC is just living in a fool's world. I think it is actually even worse than this. The SEC pretty much confirmed that A) the major of bitcoins out there is unknown and already in the hands of people that they can't control, and B) the exchanges and thus the people involved can't be "surveiled" and tracked. If you look at all that jargon in reverse, what they're basically saying is that ANY SEC-approved, market-traded financial instrument is both a) rigged against the masses, and b) surveiled and controlled. Yeah but we already knew that. 'Rigged against the masses' meaning that the wealthy elite can't corner the market, not in the beginning, and not ever. So how long until the World banks issue a pre-mined Bankcoin, sold/traded on bank owned and controlled exchanges, and the SEC says "yeah we'll approve the Bankcoin ETF, no problem." ? |
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I find it strange that they did not accept the ETF because they could not regulate every bit of it.
How do they regulate all of the gold in the world for the GLD ETF?
They just think they do. Just because there are multiple ways of checking gold's price does not mean that the market cannot be manipulated. The SEC is just living in a fool's world. I think it is actually even worse than this. The SEC pretty much confirmed that A) the major of bitcoins out there is unknown and already in the hands of people that they can't control, and B) the exchanges and thus the people involved can't be "surveiled" and tracked. If you look at all that jargon in reverse, what they're basically saying is that ANY SEC-approved, market-traded financial instrument is both a) rigged against the masses, and b) surveiled and controlled. |
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Bitcoin was on Bloomberg live TV about 15 minutes ago, interviewing some guy about the ETF. They weren't sure if the Winklevoss twins would use their own coin or have to buy more on the open market. Whatever the case, they said there's going to be a huge run on Bitcoin in the event the SEC passes. Very bullish. Hope they archive it soon. https://www.bloomberg.com/live/usB...but weren't we told yesterday that all media is evil and they just ridicule Bitcoin and say its all a big hoax?  Just jokin...  Here's another choice one from Bloomberg. https://www.bloomberg.com/news/articles/2017-03-03/bitcoin-is-now-worth-more-than-goldNotice the main title: "Bitcoin Soars to a Record High"Sounds really positive for a change, right? Then looks what slaps in the face you next. The subtitle: "How long can this rally last? After a peak in 2013, bitcoin fell 53 percent."They make sure to pepper the negatives right away, and throughout the articles. They want to make sure Average Joe is scared shitless to stay away.  People don't realize that Bitcoin is not just the Next Big Thing. (Aka a fad that will sooner or later die off) It is the Forever Big Thing. That will keep on getting bigger. BusinessInsider makes sure to jump on the negative... again. Check out that headline: http://www.businessinsider.com/bitcoin-price-crashes-after-the-sec-rejects-the-wiklevoss-twins-etf-2017-3but... but... they're not against Bitcoin?? Right??? |
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Seriously though why did we get this excessive selling? Nothing went wrong with bitcoin, just the ETF not coming for now. I understand a correction but this was massive. Anyway, don't be a bottom seller I guess because the price will increase again as it always does.
i guess, the reason we went down that fast and that much is because we had an army of traders ready and willing to either go all in or all out at a moment's notice. its rare we get this kind of action because it rare we all get 1 critical piece of info at the very same time. Exactly. A lot of sheeple gambling that either a positive ETF decision would lead to an instant massive price rise, or a negative ETF decision would lead to an instant massive price drop. The reality is that bitcoin is the same now as it was this morning. Nothing has fundamentally changed. Except that all of the massive over-hyping in both directions can now be put aside, and the price can carry on with its steady rise unimpeded by the distraction of the ETF decision, as it has done for the past two years. Onwards and upwards.... As a long term hodler, I always ask myself one question: Do I think that the price will be higher next year than it is right now? And I answer, 'yes'. So I hodl. Easy decision. And guest what? It almost always is higher. (we won't count that anomaly called '2014', lol). |
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So how long until Gold parity is reached for the 4th time? Lol
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So glad we have an answer now, we can finally put this whole ETF shit behind us and move forward.
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I think any denial of a Bitcoin ETF would be nearly 100% politically-motivated. It would mean that they (Governments? World Powers?) simply don't want Bitcoin recognized as a legitimate long term financial instrument.
Could this be more true now? |
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Sorry if this has been mentioned but have you seen prof stolfi has put a negative comment to the SEC
Edit. Just seen it on Reddit mega etf thread on bitcoinmarkets page
He can always be depended on to devote at least 18 hours a day to destroying Bitcoin in his uniquely passive butt headed way. I shudder to think what's going to happen to him if it passes. He wants all of us Bitcoin fans to die in a fire. We should all troll the shit out of /r/Buttcoin, jstolfi, and Prof. Bitcorn if the ETF gets approved. Lol  |
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huge sell off if "NO"
huge pump'n over the weekend if "YES" , then mega crash on Monday when trading begins
after... back to the grind up in either scenario
FTFY |
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Above Gold again. For the third time this year. Ha. Hah. Hee..ha.. urm ...ha
So HAH!
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CHEAP COINS. WE GOT YA CHEAP COINS HERE!
Heard that around here @ $300. Back when it was a ghost town no one wanted them. Idiots. |
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What's the best way to buy bitcoins instantly? circle?
Where have you been? Circle threw in the towel a few months back. Now they point their orphans to Coinbase. I never gave a shit about circle, coinbase requires ID's and documents though right? Maybe in a month or two, you'll be able to drive to a convenient store in New Hampshire and buy bitcoins at the same time as you're buying a morning coffee. What about Abra? Anyone try it yet? |
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Gold parity for the second time? lol |
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I am a 'newbie' on this forum and i find this very offensive A newbie troll, a seasoned troll, they're all the same: wasting their breath, time, and energy. |
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Notice how the mainstream news works hard to distract the populous.
Talks of CIA leaks, Trump wire tapping, North Korea, the U.S. healthcare overhaul.
Distraction away from absolutely no discussion of the coming March 15th date (U.S. debt ceiling freeze), and the shitstorm that will ensue in the following months after that. Especially if the Fed raises rates around the same time.
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My my, look at all that compression. It's like someone trying to push an inflated beachball deeper underwater.
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I'm calling a double bottom at $1180.
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Seems this whale wanted to re-test (aka fake-test) back to sub 1200 to shake out the weak.
Man, the manip is stuuurong.
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