Topic: Buy bitcoins on Nasdaq - page 5. (Read 13736 times)

i dont think you understand how commodities are traded. copper is completely different than gold and bitcoin. gold isnt like most comodities because it doesnt really have an industrial use, only 10% of it is used in such a way. the price of gold is based on historical prices of gold in the context of the global econonomy. the historical price trends are used to predict future prices of gold, from which the current price is derived. there are mechanisms to valuing gold. you essentially value gold based on how you believe other people will perceive the importance of gold compared to other investments.

copper on the other hand is valued by its current and future industrial usage. its pretty easy to evaluate that.

bitcoin is like gold, in so far as it is a safe haven when other stores of value loose their value. this is why the price went up with the cyprus crisis, which is comparable to the price of gold going on a steady upward trend after the global economic crisis of 2008. the problem with valuing bitcoin is that you dont know how people are going to perceive its future value nor do you even know if they will adopt it as a currency.

bitcoin is not the same as commodities.  

also bitcoin is not accepted more places than gold, thats a completely fallacious statement

forcing them to make a decision as to exactly what THEY think Bitcoin is will only be good.  why?  b/c it will paint them into a corner which they won't be able to get out of and which Bitcoin will then route around. 

they currently are getting away with calling Bitcoin whatever they want at this point in the name of regulating it every which way.

It would not be cheaper. Simply selling that many coins will cause the price to crash, which is bad news for the seller. When you want to make a ton of money out of a multi-million dollar asset that can't easily be liquidated, an IPO is usually the standard "exit strategy", as difficult and time consuming as it may be.

Bitcoins are my IRA

did some reading and it looks like -- your statement is right "not yet" even in an IRA LLC

yeah precisely investors have a wide range of options to invest, which is why they wouldn't put there money into bitcoin. honestly i am bitcoin enthusiast and I think that crypto currencies can actually change the global economy as we know it, but if i were a portfolio manager i wouldnt put money into bitcoin even if i were looking for alternative investments. there are so many other things you can invest in. in this stage we shouldnt be thinking of crypto currencies as investments we should be thinking of them as currencies that is where there inherent value comes from, its derived from the fact that they can and will progressively improve as mediums of exchange, transcendent modern banking systems.

Can't wait until I have my IRA full of bitcoins!

I don't want to get to off topic, but what if you setup an IRA LLC?

AU (Gold) metric is at least somewhat linked to BTCitcoin because it's involved with the manufacture of computer chips!HAAA

>>SEE HOW THAT WORKS!!!

Not yet however if you can get the IRS to accept the premise and someone starts a trustee which handles physical Bitcoins in a manner similar to Bullion in theory it is possible.

"Nothing happens fast when you bring in the regulators."

have you ever heard of a trading halt of a security~that 'ish can happen fast i'm still holding several securities that have been halted!LOL

>>WHY THIS HAPPENS EVERY TIME DOAHHH!!!

I know you can hold physical gold in roth wouldn't it be possible to hold Bitcoin?

The "normal" investor has a much wider range of options to invest in and it's clear that they're looking for alternatives.  Look at the VIX for example, the average investor can speculate on volatility.  Something doesn't have to be tangible or have a long standing history in order for it to be investable by the masses.

thanks for the answer! Hopefully it wont take years and just a couple months

I don't think so, this is very expensive and time consuming way to sell their position.  It would be much cheaper and easier to arrange a series of private deals. 

Well I would argue that Bitcoin is accepted more place than gold.  Let me know where I can buy a domain name with Gold.  Still since you are clinging to the value as a medium of exchange which has nothing to do with proper price (your claim) lets use copper instead.

What is the metric for the proper price of copper.  Is copper properly priced right now according to your magical pricing metric.  If not then how/why are there copper financial instruments.  Without knowing what the proper price is nobody would buy it, hence there is absolutely no volume on any copper instruments.  Er wait yes there is. 

Yeah no shit, but its bitcoin. Not gold. Gold is valued by a historical and global consensus. If you go anywhere in the world they will know and accept gold. The same can't be said about bitcoin. There's no reason to invest in bitcoin over gold for a normal investor. For bitcoin to gain the same notoriety that gold has, it has to be used by people first; in the way that gold was primarily used as medium of exchange and not solely a store of value as it is today. To package bitcoin as an ETF is premature because it misses the necessary steps for bitcoin adoption and development. People need to interact with bitcoin in person first not through a trading mechanism.

Nothing happens fast when you bring in the regulators. And this certainly won't be fast due to its peculiar nature and untested ground. Expect it to take quite some time. (Months, perhaps even years. No one can say because this is such a novel concept for us all)

What?  There is no metric for how any commodity should be valued.  What is the metric for the correct price of gold? 

Not weeks.  Months if lucky but a year is probably more realistic.  Knowing regulators years (as in plural) would be bad but not impossible.  There is no standard time a lot depends on if regulators have questions and how quickly those questions are answered to their satisfaction, with Bitcoin and this ETF being a "first of its kind" that could mean a lot of back and forth.  Once regulators approve it, they need to find an exchange to list it.  The IPO of a major company (think facebook) can take 2-3 years.  ETFs are simpler and should be quicker, but anyone thinking "fast" is measured in days or weeks will be disappointed.