tee-rex
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September 15, 2016, 03:52:30 PM Last edit: September 15, 2016, 05:20:12 PM by tee-rex |
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I have read that the SEC could stall this for up to 240 days!? That's including the stalling they have already done.
They were a little bit too late to jump on the Bitcoin bandwagon when the price had been in the two digits range. Let these slowpokes have a little bit more time this time to fill up their pockets before hitting the Start button. Unlike most bitcoiners, they have families and friends, after all. And friends may have families too. It's a family business, isn't it?
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zimmah
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September 15, 2016, 11:24:43 PM |
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I have read that the SEC could stall this for up to 240 days!? That's including the stalling they have already done.
Yes, I 'm not really afraid of the stalling, I just hope they approve eventually. If they approve at some point, now or in the next 200 days, that would probably be really good for bitcoin and possibly trigger the next ATH. In fact it might be good that they stall, because bitcoin is not ready for mass adoption right now because of the 1MB blocksize limit which should have been removed Q1 2016 if you ask me.
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European Central Bank
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September 15, 2016, 11:27:17 PM |
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which part aren't people realising?
this doesn't have anything to do with approving an etf.
the only thing they're approving is the exchange rule change. if they approve that then only then they'll start to think about the etf. that might be years away.
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Biodom
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September 16, 2016, 01:52:18 AM |
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They will NEVER approve any bitcoin ETF, unless something changes down the line.
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wikenpp
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September 24, 2016, 07:39:34 PM |
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They will NEVER approve any bitcoin ETF, unless something changes down the line.
I am not sure it will never be approved but at this moment it is not very likely it will get approved. Perhaps a year or so, because bitcoin in the financial makes is growing and growing .Many forex trading companies already offer bitcoin trading, which means in the financial markets bitcoin is a name to be reckoned with. And if big money is trading to pull such a trick, many investors will jump in, the same with any stat up.
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biggus dickus
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September 29, 2016, 08:49:26 PM |
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Current situation seems awfully similar to hype before previous project of Winklevoss - Gemini was announced. People were saying back then - after Geminin will go live it will dominate market and price of BTC will skyrocket for sure. And we all know what happened. Gemini is online and I personally don't know anyone who used it. Also it had zero impact on bitcoin price.
Gemini's volume was pathetic to begin with, but it's now at 6th place, above bitstamp and bitfinex. I had written it off as a failure, but it's taking off now. I had also written the ETF off as a failure, but might be wrong about that too. It could take a long time, but turn out to be successful. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fs12.postimg.org%2Fn6499x29p%2Fgemini.png&t=665&c=vxXpruh7VOPcSA)
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Biodom
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October 12, 2016, 08:49:44 PM |
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Bitcoin ETF (COIN) is postponed again. Whatever. I don't think it will ever gets to approval. Maybe, it is not such a bad thing considering persistent lack of security on exchanges as witnessed by Bitfinex hack.
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Kakmakr
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October 14, 2016, 07:26:08 AM |
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The Auctions are doing fine, https://www.reddit.com/r/Bitcoin/comments/576on5/gemini_auction_day_22_1718_btc_63799/ I think we are asking too much, too early on. Yes, the other things they have promised is taking too long, but they are doing something in the meantime. Let's hope for the best on the rest for this year. ^smile^
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Biodom
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October 14, 2016, 10:53:07 PM |
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I consider ETF to be unlikely to receive approval because it is NOT clear how to define bitcoin as an underlying asset.
I give you the largest altcoin example: if it had etf, is it now a sum of two chains or only one of the chains? maybe , depending of when you bought (pre or post split)? how then the value is transmitted to you? like a warrant, like additional shares, etc? I presume that if you buy ETF at the day there is only one chain, you should be entitled to a sum of all chains it might (or not) be eventually split into. I don't have the time to look over the proposal to find out if they addressed this.
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European Central Bank
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October 14, 2016, 11:05:00 PM |
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I consider ETF to be unlikely to receive approval because it is NOT clear how to define bitcoin as an underlying asset.
yeah. this is very possible. the whole ethereum shitshow really showed the world a thing or two and none of it was positive. gold is gold, oil is oil, a stock remains a stock. I don't know if you can guarantee the same for a crypto. neither the sec nor the winklevii can stop a fork happening or a technical disaster. that is one giant question mark that I don't think anyone can answer.
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zimmah
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October 16, 2016, 07:54:41 AM |
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as expected they stalled a bit longer, but they did not reject it either, so that's good news. now lets see what happens this time. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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quake313
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October 17, 2016, 02:29:41 AM |
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The puppet-masters of this world aka the elite are not ready to allow big money into Bitcoin. Maybe never...
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pooya87
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October 17, 2016, 05:38:29 AM |
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it is always good to hear positive speculation about bitcoin, it feels good.
but at the same time, i always treat positive speculation just like negative speculation. they are only two sides of the same thing hype and FUD! i like to use my own experience and speculate it myself instead of getting caught in any of these.
and this particular thing was supposed to happen so many other times before and yet nothing like that has happened
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veleten
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October 17, 2016, 01:06:04 PM |
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as expected they stalled a bit longer, but they did not reject it either, so that's good news. now lets see what happens this time. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) it is good for the price,tension is almost palpable ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) it has been palpable for quite some time,though -18 months minimum if I'm not mistaken (talking about Winklevoss etf here) hope it affects the market more than their last project had but the roadmap between exchange rules change and ETF is not set,it could take months or years,we don't know
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richardsNY
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October 18, 2016, 07:14:08 PM |
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it is always good to hear positive speculation about bitcoin, it feels good.
but at the same time, i always treat positive speculation just like negative speculation. they are only two sides of the same thing hype and FUD! i like to use my own experience and speculate it myself instead of getting caught in any of these.
and this particular thing was supposed to happen so many other times before and yet nothing like that has happened
It's not easy to get an ETF approved. And especially not when it comes to a Bitcoin related ETF that might draw attention from institutional investors around the globe. But then again, I don't focus on these things since all news about things that need to get approved either get delayed insanely, or simply don't be what people were expecting it to be when launched. People should just focus on something more worthy of their time.
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outatime1
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October 18, 2016, 11:03:47 PM |
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Do we know why they are not approving the ETF? It seems like a logical move to trade it like stocks if that is what the customers demand. I would think that they would let the market decide if it fails or succeeds.
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European Central Bank
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October 18, 2016, 11:28:22 PM |
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Do we know why they are not approving the ETF?
because it's a totally new type of asset class. it's not putting a regular commodity in a wrapper. there's a lot of potential risk.
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Biodom
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November 13, 2016, 01:34:47 AM |
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New letter from ARK to SEC re COIN ETF. https://www.sec.gov/comments/sr-batsbzx-2016-30/batsbzx201630-23.pdfCautious, but take home message is that if such ETF is approved, demand might be overwhelming and btc will spike. Well, OK, then ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) GOLD went from $400ish to $1800 on GLD approval. I expect at least 8-10X spike (to $5000-6000) if COIN is approved (within 3-5 years)
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November 15, 2016, 08:12:01 AM |
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Waiting patiently ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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