Hunyadi
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Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
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May 09, 2014, 07:55:32 AM |
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Just what we need - more CFD-type trading assets so that "investors" can trade paper bitcoins from off in the distance without actually participating in and growing the bitcoin economy. These people are not going to buy anything, not going to circulate any coins, not going to add to the liquidity of the economy, not going to hold theirp rivate keys, and not going to get any of the financial freedom and security benefits from using bitcoin. What is the point? To pump the price up by introducing scarcity?
Wake me up when you can buy actual bitcoins on comex.
What does trading do to make bitcoin economy grow? Of course this is great for the bitcoin economy. When there are more money and people involved, even through ETF, is good. More awareness etc. |
▂▃▅▇█▓▒░B**-Cultist░▒▓█▇▅▃▂
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knightcoin
Full Member
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Activity: 238
Merit: 100
Stand on the shoulders of giants
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May 09, 2014, 09:02:48 AM |
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so, bitcoin crypto string streaming on NASDAQ cables ... so here is my digital "Salvador Dali" style ...paint art hehehe  |
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medUSA
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Activity: 952
Merit: 1003
--Signature Designs-- http://bit.ly/1Pjbx77
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May 09, 2014, 09:30:17 AM |
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I am not sure whether this Bitcoin ETF is a good thing...
First of all, I see the Winklevoss brothers selling a load of their bitcoin, off the exchange, without putting pressure on the bitcoin price. The price of the ETF will most likely rise in the near term because Wall Street fund managers, who previously were restricted from buying bitcoin from an exchange, may want mild exposure to bitcoins. Then I see their opportunity to manipulate the exchange price of bitcoin through this ETF, and/or future derivatives of this ETF.
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BitCoinDream
Legendary
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Activity: 2324
Merit: 1204
The revolution will be digital
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May 09, 2014, 09:53:25 AM |
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So the tradition exchange is acknowledging Bitcoin beyond gaming money. When will be able to trade Bitcoin on NASDAQ ?
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knightcoin
Full Member
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Activity: 238
Merit: 100
Stand on the shoulders of giants
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May 09, 2014, 09:57:00 AM |
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So the tradition exchange is acknowledging Bitcoin beyond gaming money. When will be able to trade Bitcoin on NASDAQ ?
I think everybody plays "monopoly money" at some level ... |
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blatchcorn
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May 09, 2014, 11:15:51 AM |
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One step closer to full Wall Street adoption. It is all slow and steady progress  |
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TERA
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May 09, 2014, 11:23:50 AM |
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Full wall street adoption is when I can buy an actual bitcoin with my brokerage account.
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CADguy
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May 09, 2014, 11:25:13 AM |
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From the article, if the SEC has allowed it to come so far means the Winklvoss ETF will become reality soon.
 haha love it |
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blatchcorn
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May 09, 2014, 11:43:28 AM |
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Full wall street adoption is when I can buy an actual bitcoin with my brokerage account.
And this is a baby step towards that |
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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May 09, 2014, 01:47:48 PM |
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What's news here? The winkledouches announcement? I mean, yes, I expect them to "intend" to do many things. Or is there something actually happening of the sort of some kind approval from the regulators allowing the ETF? Oh right, they want to become "Bitcoin Incorporated", and issuing shares on Nasdaq - I can't see a problem with that, except what kind of revenue is this Company supposed to generate and from what?  |
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TERA
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May 09, 2014, 01:53:24 PM |
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What's news here? The winkledouches announcement?
I mean, yes, I expect them to "intend" to do many things.
Or is there something actually happening of the sort of some kind approval from the regulators allowing the ETF?
Agree. Every time I read a PR from the Twinkies, it includes something about it appears that progress is being made and something is going to happen in the future. However, it is actually entirely a speculation and a hope created by themselves. They use their own logic to deduce what the SEC is thinking and present this as if it were a fact. They're also always writing something something incredibly bullish based on their opinions but presented as some kind of fact. For example their latest twitter "now that China is priced in"... what??? Is he Chinese? Is a professional global currency/arbitrage analyst? How could he possibly know if China is 'priced in' especially with the exchanges still running and accepting bank deposits? I think btc business owners tend to be very unprofessional. If he actually ran a company regulated by the SEC, he'd probably get in trouble. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 09, 2014, 02:00:39 PM |
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“The price could decrease increase tremendously after the market closes, and you won’t be able to do anything about it,” Mr. Luria said.
Just hodl, you noob! i just had to fix that |
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theonewhowaskazu
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May 09, 2014, 03:34:46 PM |
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Oh right, they want to become "Bitcoin Incorporated", and issuing shares on Nasdaq - I can't see a problem with that, except what kind of revenue is this Company supposed to generate and from what? They're forming an ETF not a company. Most commodity/currency ETFs don't have any income. GLD, USO, etc... If they wanted income that badly though, all they have to do is lend out some of those BTC, like EU does with euros. |
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