becoin
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March 11, 2017, 08:13:20 PM |
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so bitcoin does not, and probably never will, fit into any existing legal system.
Math doesn't need to fit into legal systems. Legal systems need to fit into Math!
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Killerpotleaf
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March 11, 2017, 08:15:33 PM |
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Gotta feel for the Winkles a little bit. I know they are privileged cocks - but they believe in BTC just the same as the rest of us.
it must be a real pisser to have all that effort thrown away at the last minute, especially when the sec could've saved it all for them years before. i wonder what other options they're looking at. i hope they keep pushing gemini at least. Can't their ETF be approved later down the line? technically ya. but that would be a "completely different application" i'm guessing years from now MAYBE the SEC could be persuaded to reconsider. The pdf with the rejection decision in says if Bitcoin gets a shitload more money thrown at it in the future the SEC might consider changing its mind. I'm sure if Bitcoin's value increases 100x the SEC will fast track another ETF. https://www.sec.gov/rules/sro/batsbzx/2017/34-80206.pdfThe Commission notes that bitcoin is still in the relatively early stages of its development and that, over time, regulated bitcoin-related markets of significant size may develop. Should such markets develop, the Commission could consider whether a bitcoin ETP would, based on the facts and circumstances then presented, be consistent with the requirements of the Exchange Act. they want 90% of bitcoin trading on highly regulated markets before they consider letting it trade on their highly regulated markets. if bitcoin goes up 100X and is still mostly traded OTC there reasoning still applies Had gemini had a significant % of trading vol, it might of passed. imo this is kinda silly because the majority of trading is done on exchanges that are similar to gemini for regulatory compliance. expect maybe the chinese exchanges, but clearly thats getting an overhaul, and these market will now be HIGHLY scrutinized by regulators i mean point me a place where a relevant amount of BTC vol is being traded with no oversight.... feels like SEC read Jorge's paper and based there view of the bitcoin ecosystem purely on that.
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Ibian
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March 11, 2017, 08:22:48 PM |
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Money doesn't fork. Money forks all the time. It was common practice to dilute gold and silver coins with less valuable metals.
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r0ach
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March 11, 2017, 08:26:47 PM |
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Money doesn't fork. Money forks all the time. It was common practice to dillute gold and silver coins with less valuable metals. That's not a fork...it's the same thing as shaving. You can't fork gold and silver you idiots!
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Ibian
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March 11, 2017, 08:28:53 PM |
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Money doesn't fork. Money forks all the time. It was common practice to dillute gold and silver coins with less valuable metals. That's not a fork...it's the same thing as shaving. You can't fork gold and silver you idiots! The kings ugly face is on both the pure gold coin and the half lead coin.
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Killerpotleaf
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March 11, 2017, 08:29:22 PM |
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Money doesn't fork. Money forks all the time. It was common practice to dillute gold and silver coins with less valuable metals. That's not a fork...it's the same thing as shaving. You can't fork gold and silver you idiots! you also can't move 30,000$ worth of gold from here to china for a buck. imagine having to pay deals in gold LMAO!
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rjclarke2000
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March 11, 2017, 08:39:04 PM |
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Money doesn't fork. Money forks all the time. It was common practice to dillute gold and silver coins with less valuable metals. That's not a fork...it's the same thing as shaving. You can't fork gold and silver you idiots! My grandma has loads of silver forks in her draw next to her posh dinner plates.
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r0ach
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March 11, 2017, 08:42:19 PM |
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Money doesn't fork. Money forks all the time. It was common practice to dillute gold and silver coins with less valuable metals. That's not a fork...it's the same thing as shaving. You can't fork gold and silver you idiots! you also can't move 30,000$ worth of gold from here to china for a buck. imagine having to pay deals in gold LMAO! Imagine opening your borders to global labor arbitrage so that any nation with a population surplus outbids you in everything, forcing you into trillion dollar trade deficits. Then after a couple years, no matter what you're paying them with, China owns all of it no matter what. Then you print a new "domestic only" dollar, which then implodes because it's valueless, then you're back to a 3rd world country. The moral of the story is, exporting all your money, no matter what you use as money, is never a valid choice in the first place. This is why China forbids exportation of gold. Just like using hard money prevents your sovereign debt from going out of control, it also acts as a barrier to prevent you from running trade deficits that eventually implode your country. Everybody notices all the gold and silver getting onto the ship departing to China and usually stops it beforehand. We will see how long it takes before unilateral action is taken this time: http://didthesystemcollapse.com/The only way to make it so they don't want all of it, is to stop manipulating it lower and raise the price so high they consider it overvalued. Then they'll be happy to take some of your freshly printed Tbills again.
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Killerpotleaf
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March 11, 2017, 09:23:46 PM |
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remarkable market is holding this price like a champ.
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rjclarke2000
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March 11, 2017, 09:40:59 PM |
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remarkable market is holding this price like a champ.
I agree, this is not what I was expecting. At the moment, not bad at all.
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eddie13
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BTC or BUST
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March 11, 2017, 09:41:31 PM |
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remarkable market is holding this price like a champ.
15jYgRVym33hQyHBXiq1sjFdQLgLaU4udZ
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Killerpotleaf
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March 11, 2017, 09:46:53 PM |
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remarkable market is holding this price like a champ.
15jYgRVym33hQyHBXiq1sjFdQLgLaU4udZ lol i'll deal with you when the time comes.
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r0ach
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March 11, 2017, 10:01:13 PM |
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remarkable market is holding this price like a champ.
Price has absolutely no short term upside at all, so it feels like some whales who got stuck on the wrong side of the ETF trade are propping it up in order to then come in with the flash $4-5 million dump on finex and bitstamp while nobody is looking.
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vortex1878
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March 11, 2017, 10:07:27 PM |
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remarkable market is holding this price like a champ.
Price has absolutely no short term upside at all, so it feels like some whales who got stuck on the wrong side of the ETF trade are propping it up in order to then come in with the flash $4-5 million dump on finex and bitstamp while nobody is looking. You are so full of shit. But keep it up till my Fiat arrives on Monday... ^^
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r0ach
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March 11, 2017, 10:13:46 PM |
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remarkable market is holding this price like a champ.
Price has absolutely no short term upside at all, so it feels like some whales who got stuck on the wrong side of the ETF trade are propping it up in order to then come in with the flash $4-5 million dump on finex and bitstamp while nobody is looking. You are so full of shit. But keep it up till my Fiat arrives on Monday... ^^ Do you know nothing about the bitcoin market? This entire run that started around $1000 was all predicated on ETF hype. If you factor in $1200 as the market price of the ETF hype (I don't consider that manipulation squeeze blow off top on ETF day as a real metric of anything), then best case scenario of ETF denial would probably be a 50% retrace to $1100, and worst case a full retrace or dump lower than where it started. Hence my statement, there is zero upside on price from this point in the short term.
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Killerpotleaf
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March 11, 2017, 10:18:18 PM |
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remarkable market is holding this price like a champ.
Price has absolutely no short term upside at all, so it feels like some whales who got stuck on the wrong side of the ETF trade are propping it up in order to then come in with the flash $4-5 million dump on finex and bitstamp while nobody is looking. I try to steer clear of " the manipulator is manipulating" speculation altho there is no doubt some of that going on... A lot of money was waiting on the sidelines looking to buy on the ETF approval. now that its not approved this money is content with "buying the dip" But I'm thinking the amount of BTC held back from selling because "the ETF is coming SOON TM" is a massive amount. there's a huge amount of profit taking to take place, can market really absorb that while pushing new highs, with "absolutely no short term upside at all". dip buyers: this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.
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JimboToronto
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You're never too old to think young.
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March 11, 2017, 10:24:31 PM |
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dip buyers: this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.
No magic unicorns required. Natural growth will take it back over $1350 when the time comes.
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r0ach
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March 11, 2017, 10:28:57 PM |
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dip buyers: this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.
Almost feels like bots are trading like that $1350 number was actually real.
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Ibian
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March 11, 2017, 10:32:13 PM |
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dip buyers: this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.
Almost feels like bots are trading like that $1350 number was actually real. ...it was.
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r0ach
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March 11, 2017, 10:35:13 PM |
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dip buyers: this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.
Almost feels like bots are trading like that $1350 number was actually real. ...it was. It was so real this song began playing right as it happened: http://www.youtube.com/watch?v=VcXV1Pm77h4
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