Winkle twins are trying to escape

[asically]

“I’d be very surprised if we see this make much headway in the next one or two years,”

For new types of ETFs, even ones that track widely known assets, it’s not uncommon for the process to take more than a year.

http://blogs.wsj.com/moneybeat/2013/07/02/bitcoin-exchange-traded-offering-seen-facing-tough-regulatory-scrutiny/

[Arcas]

I thought they bought in around $14?

They are probably trying to make their investments worth more by improving access to Bitcoin.

[afbitcoins]

There was quite a big thread on this in the speculation forum yesterday, wheres it gone to 

[dree12]

I thought they bought in around $14?

They are probably trying to make their investments worth more by improving access to Bitcoin.

Or perhaps they sold and are trying to push the price down even further to buy back?

[thezerg]

“I’d be very surprised if we see this make much headway in the next one or two years,”

For new types of ETFs, even ones that track widely known assets, it’s not uncommon for the process to take more than a year.

http://blogs.wsj.com/moneybeat/2013/07/02/bitcoin-exchange-traded-offering-seen-facing-tough-regulatory-scrutiny/

"Trying to escape"?  Through a process that takes more then a year?  You are a child in the art of FUD.

More like: countdown to the next monster bubble: 364 days

[BitcoinAshley]

Exactly, zerg... winklevii aren't trying to escape, they're just setting up the next bubble - the one that has institutional investors involved.

[Kazu]

"It isn’t clear whether or not any of the Winklevoss’ own bitcoin investment will back the trust."

That seems like a rather important question to answer.

[jamesc760]

The Winklevoss twins are NOT trying to escape. They are trying to profit off of the BTC innovation. Their role model is Gordon Geckos and their motto is "Greed is good." If you think they are the saviour of bitcoin, you are sadly mistaken. They will take the shirt off the homeless. Yes, they are THAT evil.

[mgio]

The Winklevoss twins are NOT trying to escape. They are trying to profit off of the BTC innovation. Their role model is Gordon Geckos and their motto is "Greed is good." If you think they are the saviour of bitcoin, you are sadly mistaken. They will take the shirt off the homeless. Yes, they are THAT evil.

You watch too much TV.

Their ETF is the best thing to happen to bitcoin.

[Coinseeker]

The Winklevoss twins are NOT trying to escape. They are trying to profit off of the BTC innovation. Their role model is Gordon Geckos and their motto is "Greed is good." If you think they are the saviour of bitcoin, you are sadly mistaken. They will take the shirt off the homeless. Yes, they are THAT evil.

You watch too much TV.

Their ETF is the best thing to happen to bitcoin.

If this is true, Bitcoin is already dead. 

[BitcoinAshley]

The Winklevoss twins are NOT trying to escape. They are trying to profit off of the BTC innovation. Their role model is Gordon Geckos and their motto is "Greed is good." If you think they are the saviour of bitcoin, you are sadly mistaken. They will take the shirt off the homeless. Yes, they are THAT evil.

Trying to profit is evil? Ok, we've got another socialist weenie here. Classic denial of reality.

The shirt on the homeless bit is a little over-the-top sensationalist. I get your point. You think people trying to make money is evil and bad. Well, better stop using all currencies period, because even the USD has commodity speculators making money off of its fluctuations. BTC is no different. The only currencies that are exempt from this are fixed local currencies, and I'm sure SOMEONE still figures out a way to do it.

Nobody cares if you think profits are evil. They're just going to keep on making them and you are just going to keep on whining about it. So either start making some yourself, or sign up for welfare checks they have an infinitely higher ROI than bitcoins.

BTW Coinseeker, quit being a girl. It's a bit too early in the "emotional investing cycle" for the "bitcoin is dead" proclamations. Go look at the 2011 bubble threads... "bitcoin is dead" didn't start happening for quite a while after the initial decline... Chill with that until maybe next month, otherwise it just looks like you ran out of Midol and are extra-emotional.  Right now the emotional speculators are still somewhere in the midst of denial/fear/panic.

[dree12]

... quit being a girl ...

For someone named BitcoinAshley, this is quite sexist.

The Winklevoss twins are NOT trying to escape. They are trying to profit off of the BTC innovation. Their role model is Gordon Geckos and their motto is "Greed is good." If you think they are the saviour of bitcoin, you are sadly mistaken. They will take the shirt off the homeless. Yes, they are THAT evil.

You watch too much TV.

Their ETF is the best thing to happen to bitcoin.

Many good things have happened to Bitcoin. Some are better than others. Their ETF, although certainly a good thing, is in my opinion a far cry from the best thing. That honour would go to Gavin, Mt. Gox, Bitcoinica, "The Good Wife", WordPress, or any of the other important events.

[asically]

Economics (Speculation) forum. Go else where for actual facts.

Winkle twins thought they had something huge then came the regulators:
"Sorry guys. We'll have an answer about your ETF proposal within a year.....or two"


Winkle twin #1: "Wtf, I'm calling my lawyer."
Winkle twin #2: "I don't know bro......"
Winkle twin #1: "Don't they know who we are? This is unacceptable"
Winkle twin #2: "Probably we should call Gordon Gekko, he'll know what to do."
Winkle twin #1: "Huh!?, No. We need to get out NOW before price dip further."
Winkle twin #2: "This isn't 2011. We were assured price would stabilize around $500 after a new ATH of $1000 or so. "
Winkle twin #1: "Screw this. I know a permanently high plateau when I see one."