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york780
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March 31, 2017, 02:36:21 PM |
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It looks like similar wording to the existing GBTC in which case they don't need the SEC and it will happen. A nice asset for the space. It never really set Bitcoin on fire though, perhaps it'll do more for ETC. You are right. Because of its small marketcap it is already rising very fast because of the hype. When there is a ETC ETF it will moon bigtime. It feels like Ethereum in its early days. First just a small thing, nobody cared about it. After that lots of other coins join the Ether chain, smart contracts started and it became a real crypto platform. Etc looks like a ugly little brother of Ethereum but when you can actually use it for something like a ETF it finaly gets a purpose and it will go moon. BTC = store of value, the crypto king, ETH= crypto smart contract platform with tokens , ETC= ETF crypto coin  Would be awesome if you ask me. |
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york780
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March 31, 2017, 02:49:04 PM |
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You are right. Because of its small marketcap it is already rising very fast because of the hype. When there is a ETC ETF it will moon bigtime.
It won't be an ETF though. I assume it'll be on the same terms as GBTC in which case there are far more caveats attached than the ETF everyone was hoping for. GBTC started off as for accredited investors only and then it locked funds for a year before the shares could be traded. Would be a pitty. But perhaps you are right. We saw how the SEC postponed and denied the COIN ETF over and over again. And rightnow ETC gets dumped again. Still glad that I sold it all yesterday at the top. |
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Tzupy
Legendary
 Offline
Activity: 2128
Merit: 1074
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March 31, 2017, 02:58:11 PM |
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Weird action on Bitfinex, they started the pump early (IMO) and then a 1k BTC dump into the pump, meh...  |
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Torque
Legendary
Offline
Activity: 3556
Merit: 5041
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March 31, 2017, 03:04:29 PM |
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The funny thing about countries "officially recognizing" Bitcoin as a method of payment is pretty facetious. So they "recognize officially" something that they don't have control over anyway, and the "recognition" part is just a promise to regulate and tax the transactions. "Hey Bob, I see you're using potatoes as a form of money instead of fiat currency. That hasn't been an official form of money in the past, but we're gonna "officially recognize" it for you now. So you have to file a bunch of forms we have to approve first before we can allow you to trade for potatoes. And oh yeah btw, we're gonna need you to pay us 20% of the 'cost basis' of your potatoes for every transaction." Wow. Just wow. Fuck that. |
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york780
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March 31, 2017, 03:07:31 PM |
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The funny thing about countries "officially recognizing" Bitcoin as a method of payment is pretty facetious. So they "recognize officially" something that they don't have control over anyway, and the "recognition" part is just a promise to regulate and tax the transactions. "Hey Bob, I see you're using potatoes as a form of money instead of fiat currency. That hasn't been an official form of money in the past, but we're gonna "officially recognize" it for you now. So you have to file a bunch of forms we have to approve first before we can allow you to trade for potatoes. And oh yeah btw, we're gonna need you to pay us 20% of the 'cost basis' of your potatoes for every transaction." Wow. Just wow. Fuck that. LMFAO. Potatoes store of value. Quite high fees but still its decent. |
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BrewMaster
Legendary
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Activity: 2114
Merit: 1292
There is trouble abrewing
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March 31, 2017, 03:22:02 PM |
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Do we expect to start seeing more buying pressure or demand from Japan, what the 2nd/3rd largest market, officially recognizing Bitcoin as a regulated payment method? This seems very positive overall since it is such a large Bitcoin supporting market... http://www.coindesk.com/japan-bitcoin-law-effect-tomorrow/news like this usually create a temporary hype and lead to price rise but that would be short term because this is not going to make new demand overnight, it can however lead to some long term more demand and higher price. |
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HI-TEC99
Legendary
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Activity: 2772
Merit: 2846
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March 31, 2017, 03:27:50 PM |
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Weird action on Bitfinex, they started the pump early (IMO) and then a 1k BTC dump into the pump, meh... It's weird that stamp's only $4 below finex, it's normally at least $10 below. The pump is wavering a bit now so maybe stamp's bigger spread will facilitate a dump back to the usual $10 below finex. |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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March 31, 2017, 03:39:41 PM |
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We break 1070, we're targeting 1160-1180
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julian071
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March 31, 2017, 03:48:29 PM |
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I see a wall!
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JimboToronto
Legendary
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Activity: 4004
Merit: 4482
You're never too old to think young.
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March 31, 2017, 03:50:46 PM |
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Good morning Bitcoinland.
I see we're moving up a little... currently $1060USD (Bitcoinaverage).
Still basically sideways, but creeping upward. 4 digits holding strong.
Fun to wake up to see a rally in progress.
Go Bitcoin go.
edit: In the time it took me to go pour a coffee, it crept up some more.
Dare I call this a leg up?
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petahashminer
Legendary
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Activity: 1890
Merit: 1037
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March 31, 2017, 03:55:08 PM |
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Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
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March 31, 2017, 03:55:51 PM |
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I see a wall!
The 1k ask wall on Kraken at 1000 EUR has been eaten and pulled. |
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york780
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March 31, 2017, 03:56:45 PM |
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I see a wall!
The 1k ask wall on Kraken has been eaten and pulled. FOMO game is strong right now. Lets go to 1 000 000 USD already so tht i can finally retire. |
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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March 31, 2017, 03:58:05 PM |
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Some impressive alt blood right now. Does this mean Bitcoin isn't 100% completely dead at this particular moment?
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Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
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March 31, 2017, 03:58:39 PM |
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I see a wall!
The 1k ask wall on Kraken has been eaten and pulled. FOMO game is strong right now. Lets go to 1 000 000 USD already so tht i can finally retire. Ahem... this is probably a wave B and a bull trap, so IMO take your profits when this runs out of steam, probably tomorrow. |
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Meuh6879
Legendary
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Activity: 1512
Merit: 1011
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March 31, 2017, 03:58:45 PM |
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Pump to 1000 euros = Check !   |
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MinermanNC
Legendary
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Activity: 2198
Merit: 1000
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March 31, 2017, 03:59:56 PM |
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We going to see 1100.00 today? I think so. Any positive news is always good  we need it |
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Torque
Legendary
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Activity: 3556
Merit: 5041
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March 31, 2017, 04:06:34 PM |
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We going to see 1100.00 today? I think so. Any positive news is always good we need it Yes, the positive news is that the "Great Alt Bait-n-Switch Pump-N'-Dump of 2017" is now coming to a close.  |
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4482
You're never too old to think young.
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March 31, 2017, 04:11:43 PM |
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Lets go to 1 000 000 USD already so tht i can finally retire.
Be careful what you wish for. Retirement isn't all that great if it leads to being fat, lazy and bored. Emancipation from job slavery is a different story. Keeping busy earning money is fun if it's on your own terms. I haven't had a job since 1976, when I was still in my 20s. I sleep in as late as I want, don't need to tolerate assholes, and stay busy enough to keep young. Full retirement can wait until I'm medically incapable of staying active. |
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gembitz
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March 31, 2017, 04:20:26 PM |
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Lets go to 1 000 000 USD already so tht i can finally retire.
Be careful what you wish for. Retirement isn't all that great if it leads to being fat lazy and bored. Emancipation from job slavery is a different story. Keeping busy earning money is fun if it's on your own terms. I haven't had a job since 1976, when I was still in my 20s. I sleep in as late as I want, don't need to tolerate assholes, and stay busy enough to keep young. Full retirement can wait until I'm medically incapable of staying active. ^retirement is for wimps!! :-D |
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