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janos666
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January 18, 2015, 08:04:11 AM |
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ETFs expected in 2015.
You forget, while we are all traders, we still have an eye (some of us) on the fundamentals. Who wouldn't?
Isn't the Winklevoss ETF IPO priced around 100 USD/BTC?  (Serious question, I could be misinformed by the wrong rumor.) |
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Afrikoin
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Activity: 1540
Merit: 1003
alan watts is all you need
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January 18, 2015, 08:09:43 AM |
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ETFs expected in 2015.
You forget, while we are all traders, we still have an eye (some of us) on the fundamentals. Who wouldn't?
Isn't the Winklevoss ETF IPO priced around 100 USD/BTC? (Serious question, I could be misinformed by the wrong rumor.) From bitcoin markets Let me explain. IPO = 20million USD Let's say Bitcoin price day of IPO is 100 (the ETF will be priced at 1/5 of winki index which is the Bitcoin price) Then on IPO day they would have 2 million Coin ETF shares to sell. I get this by dividing 20 million USD(amount invested per filing) by Bitcoin price of 500 (hypothetical price on IPO day) times 5 If after the first day of trading there are more than 2 million open interest(meaning more than 100,000 long held for long term)they would have to buy more coins. In review after first day 2,055,000 open interest (hold long position) they would need to purchase 11,000 bitcoins on the open market. They would be doing this daily. 2,055,000 means additional 55,000 open interest. Because 1/5 size of bitcoin need to divide by 5 thus need to purchase 11,000 bitcoins. Hope this helps! |
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Wekkel
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yes
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January 18, 2015, 08:14:47 AM |
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Price action is very weak. The price must be lower to lure out buyers. $120 here we come.
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samsonn25
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January 18, 2015, 08:15:26 AM |
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"The card industry wants to perpetuate the myth that using a credit card is free, or priceless. But the cost is baked into the price of all the goods and services we buy."
Thats why alot of places have given up on all that BS and raised the cash prices to same level as credit card price to create the illusion that credit price is same as cash.
By alot you mean pretty much everywhere. The thing is consumers don't care about fees if they come out of the merchants profit margin, which they are if prices are the same for other payment methods. If merchants had their choice I think they would rather charge higher prices and only accept credit, rather than sell at lower price for cash because most purchases people use credit/debit. |
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JorgeStolfi
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January 18, 2015, 08:33:56 AM |
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Isn't the Winklevoss ETF IPO priced around 100 USD/BTC? (Serious question, I could be misinformed by the wrong rumor.) No, in the documents they say that the initial offering will be 1 million shares, each representing 0.2 BTC. That is the hard data. The initial price of each share will be 0.2 of the BTC price at the time of the offer. In the filed documents, they give an example, assuming an arbitrary BTC price of 100.45 $/BTC (that was the price on Jun 27, 2013; may be the date when they filed the first version of the document). http://www.sec.gov/Archives/edgar/data/1579346/000119312514457552/d721187ds1a.htmThey are believed to own ~200'000 BTC, which is consistent with those hard numbers. So, most likely, the ETF managers would sell 1 million shares to the public, and then use the money to buy 200'000 BTC from the Winkles. That would be a way for the Winkles to sell their 200'000 BTC at market price, without crashing the market. |
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Searing
Copper Member
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Clueless!
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January 18, 2015, 08:36:08 AM |
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ETFs expected in 2015.
You forget, while we are all traders, we still have an eye (some of us) on the fundamentals. Who wouldn't?
Isn't the Winklevoss ETF IPO priced around 100 USD/BTC? (Serious question, I could be misinformed by the wrong rumor.) I just can't see the US agency involved/bureaucracy lettting this ETF fund launch....at least not right now or even this year ...I see it being punted down the road for 'congress to decide" and or say 'legal/legislative questions to be addressed" ie STALL I mean would you want to be the gov't agency that launched this ETC with the current price drop and the press FUD etc naw..it will be 2016 or later imho ..they will kick it over to congress in some manner and will probably state they will 'revisit it and allow a re-apply" when certain legal/legislative conditions are met...hedging their bets.... hope I'm wrong but the facebook Twins ETF looks a hell of a lot less likely then 2 months ago imho (but what do i know I bought a 10k knc Titan no roi no refund Titan before the price and miner bubbles burst so consider the source here ...i'm basicaly clueless...just saying) |
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medialab101
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January 18, 2015, 08:43:10 AM |
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Nice pump going on at the moment  |
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BlindMayorBitcorn
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Activity: 1260
Merit: 1116
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January 18, 2015, 08:44:32 AM |
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Nice pump going on at the moment Somebody wanted to buy thousands of coins at $200. Had to eat through some walls to get them |
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oblox
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Activity: 1442
Merit: 1018
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January 18, 2015, 08:48:33 AM |
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Move started on Huobi
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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January 18, 2015, 08:54:58 AM |
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Too lazy for any To da moon pics this morning so I will just post this:
-> O
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eiprol
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bitarchitect
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January 18, 2015, 08:55:23 AM |
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pump time? |
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KFR
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January 18, 2015, 08:55:34 AM |
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Seems to have plenty of momentum.  |
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DaRude
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Activity: 3138
Merit: 2007
In order to dump coins one must have coins
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January 18, 2015, 08:56:30 AM |
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Who pressed the red button  |
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MelMan2002
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January 18, 2015, 08:56:46 AM |
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Gotta be some piece of news...can't seem to find anything  |
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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January 18, 2015, 08:57:35 AM |
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Someone must've forgot a decimal when buying.
Oops
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ChartBuddy
Legendary
 Online
Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 18, 2015, 08:59:59 AM |
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Bitfinex  Bitstamp  Explanation |
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JimboToronto
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Activity: 4494
Merit: 5812
You're never too old to think young.
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January 18, 2015, 09:03:33 AM |
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Gotta be some piece of news...can't seem to find anything The only news is that Bitcoin was vastly under-priced and is correcting. No big deal. It's still far too early to post trains and rockets. Sinking ships, exploding rockets and derailing trains are equally silly. |
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fonsie
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January 18, 2015, 09:06:00 AM |
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“People fear what they don't understand and hate what they can't conquer.”
― Andrew Smith |
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MelMan2002
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January 18, 2015, 09:06:45 AM |
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Gotta be some piece of news...can't seem to find anything The only news is that Bitcoin was vastly under-priced and is correcting. No big deal. It's still far too early to post trains and rockets. Sinking ships, exploding rockets and derailing trains are equally silly. What, so everyone suddenly realized at the same time that it is under-priced?? Brilliant deduction there.. |
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InvestorPerson
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January 18, 2015, 09:07:57 AM |
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Gotta be some piece of news...can't seem to find anything The only news is that Bitcoin was vastly under-priced and is correcting. No big deal. It's still far too early to post trains and rockets. Sinking ships, exploding rockets and derailing trains are equally silly. What, so everyone suddenly realized at the same time that it is under-priced?? Brilliant deduction there.. just many sheeps running after a little pump |
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