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Author Topic: Winklevoss Bitcoin Trust on Bloomberg  (Read 10995 times)
myself (OP)
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chaos is fun...…damental :)


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October 23, 2013, 08:57:06 PM
 #1




there you have it  Grin

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
theonewhowaskazu
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October 23, 2013, 08:58:32 PM
 #2

Where are you getting this from? Any idea where this will even be listed? It'd be a huge advantage to be able to purchase BTC from my IRA, I could quite literally quadruple my BTC holdings if I could buy from there.

Walsoraj
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October 23, 2013, 08:59:34 PM
 #3

Great. Just in time for a mega crash.
myself (OP)
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October 23, 2013, 09:00:53 PM
 #4

also this http://www.sec.gov/Archives/edgar/data/1579346/000119312513393903/0001193125-13-393903-index.htm

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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October 23, 2013, 09:03:10 PM
 #5

If this Winklevoss trust goes live, that will be huuuuuuuuuuuuuuuuuuuuuuuuuge.
theonewhowaskazu
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October 23, 2013, 09:04:48 PM
 #6

I've never even got a real legitimate answer from anyone as to how long ETFs typically take to register. I know stocks typically take something in the neighborhood of about 100 days for an IPO, just for SEC filing. How about ETFs?

keller
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October 23, 2013, 09:07:12 PM
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what are the implications of this
klee
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October 23, 2013, 09:08:51 PM
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what are the implications of this
Pump & dump
Walsoraj
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October 23, 2013, 09:15:21 PM
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what are the implications of this
Pump & dump

Or more accurately, space rocket & diarrhea
bassclef
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October 23, 2013, 09:16:00 PM
 #10

If this Winklevoss trust goes live, that will be huuuuuuuuuuuuuuuuuuuuuuuuuge.

Agreed. Very significant news.
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October 23, 2013, 09:29:28 PM
 #11

Is this the big news the in the know people were talking about? Seems huge.
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Gain more btc! https://satoshicircle.com/?aid=1718


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October 23, 2013, 09:32:43 PM
 #12

does this actually mean that the Winklevii can take people's money and invest in btc now? Didn't they need congress or some government agency to accept their proposal? Fucking stupid if that happened

Feeling poor? Gain back losses or INCREASE PROFITS with https://satoshicircle.com/?aid=1718
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October 23, 2013, 09:56:46 PM
 #13

I guess the latest rally maybe caused by some kind of insider who know there is a green light from government incoming

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October 23, 2013, 10:02:52 PM
 #14

this will be the beginning of a long lasting friendship
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October 23, 2013, 10:15:00 PM
 #15

Someone please explain this to me, because I clearly don't get it -

How can an actual pump-and-dump scheme be possible on BTC?

If a trust is pumped with $$$ therefore pumping up BTC, what happens when everyone sells? Fund still has same amount of $$$, so only early jumpers actually get to see their gains, and rest are left dry.

Why would _anyone_ try to pump-and-dump given then when the dump arrives, there's a high chance of the money simply vanishing into thin air?
derpinheimer
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October 23, 2013, 10:21:54 PM
 #16

I think they are saying the Wrinklevoss are pumping the price up so they can sell. those who buy into the trust.. well, too bad
johnyj
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October 23, 2013, 10:44:11 PM
 #17

Someone please explain this to me, because I clearly don't get it -

How can an actual pump-and-dump scheme be possible on BTC?

If a trust is pumped with $$$ therefore pumping up BTC, what happens when everyone sells? Fund still has same amount of $$$, so only early jumpers actually get to see their gains, and rest are left dry.

Why would _anyone_ try to pump-and-dump given then when the dump arrives, there's a high chance of the money simply vanishing into thin air?

Because no one need to sell. First they could mortgage them to get a loan to spend, and in the case FED is tightening, they could just spend bitcoin directly Cheesy

Look at it the other way: How can an actual pump and dump scheme be possible on USD?

Now USD value has been pumped up so high (they should worth nothing because it cost nothing to make, FED is still printing 85 billions per month), what happens when everyone dump their USD?

A few lucky guys already dumped their USD in exchange for BTC, but the major dump has not started yet, when that happens, the BTC supply will dry out quickly and USD priced in BTC will be close to zero

ArticMine
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October 24, 2013, 12:50:10 AM
 #18

what are the implications of this

For Canadians, if I understand this correctively, this opens an investment in Bitcoin, for tax sheltered / tax deferred accounts such as an RRSP. TFSA, RRIF etc. The trade-off when compared to holding BTC outside a tax sheltered / tax deferred account is the fees and counterparty risk associated with the trust vs the tax benefits.


Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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October 24, 2013, 12:52:26 AM
 #19

I think they are saying the Wrinklevoss are pumping the price up so they can sell. those who buy into the trust.. well, too bad

If this were the case, it would have been dumb of Winklevoss to announce that they have a 1% stake in Bitcoin.
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October 24, 2013, 12:55:57 AM
 #20

huge news.

is there some article we can read?

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