ETA for the ETF? (and Gemini Exchange speculation) - page 11.

hyphymikey

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Quote from: tss on February 18, 2015, 11:02:49 PM

Quote from: Fabrizio89 on February 18, 2015, 11:05:18 AM

ETF is so hyped right now like it's the only hope btc has to go up... if that doesn't work I don't even want to imagine what could happen.

uhmm.. nothing. no one really cares about the etf. people will be buying shares in the twins btc not everyone else's.

Each share of the ETF represents X amount of bitcoins. Once the shares are sold and the ETF becomes a success, the Winklevii will then buy more bitcoin in order to produce more shares, just like every IPO. As the price rises from the buying of the coins the shares will also increase in price.

tss

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Quote from: Fabrizio89 on February 18, 2015, 11:05:18 AM

ETF is so hyped right now like it's the only hope btc has to go up... if that doesn't work I don't even want to imagine what could happen.

uhmm.. nothing. no one really cares about the etf. people will be buying shares in the twins btc not everyone else's.

Chef Ramsay

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Quote from: gotmilk_ on February 18, 2015, 06:55:14 PM

http://www.etftrends.com/2015/02/winklevoss-twins-talk-bitcoin-innovation-gemini-exchange/

I would say Gemini in next month or two, ETF 4-5 months.

Yeah, the New York regulator was saying the BitLicense was due in the near future and I remember hearing the winks say that the last quarter of this year is when they're forecasted for unveiling the ETF or exchange or both. I imagine they're both fine tuning things are probably mostly ready to go, just waiting on the regs so they can 'do things right'. No point in rushing the inevitable and showing themselves to be anything but a responsible and respectable outfit where old and new big money can gracefully enter the Bitcoin market. It's not like you wanted to start something like this last year even if everything was in order.

gotmilk_

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http://www.etftrends.com/2015/02/winklevoss-twins-talk-bitcoin-innovation-gemini-exchange/

I would say Gemini in next month or two, ETF 4-5 months.

jaredboice

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https://www.youtube.com/watch?v=xkwKqD9ylLo&t=0m10s

Skimming off the water

In reality, there's only ever going to be 21 Million of these things. Even at $1,000 a coin, that's only $21 Billion worth of Bitcoins. Drop in the bucket in the grand scheme of things. Last I heard there were at least a quadrillion dollars worth of derivatives.

Therefore, I see the "over supply" problem as a bit of an illusion. Everyone knows there's a hard cap, but it's rarely discussed in the context of "More coins were stolen and might be dumped on the market." It's like 21 Million Elephants in the room. The price can't go down or sideways forever; the bears are pretty much only skimming off the water before the next launch at this point

Fabrizio89

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Yes 2016 will be interesting, don't forget that we still have another auction after this one announced today, there are still those Karpeles coins noone knows about and Australia seizured another big bunch that will sooner or later auctioned too, so yeah another year of sidelines and bears. All hope is for the next year.

Dotto

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No maps for these territories

In BTCland always happen the imprevisible.

Maybe it won´t be approved... who knows.

nwfella

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Well hello there!

My guess as to ETF going live?

Last quarter of 2016 or 1st quarter of 2017 if ever. Bitlicense baby...oh yeah!

uki

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cryptojunk bag holder

Quote from: redsn0w on February 18, 2015, 11:09:42 AM

Quote from: Fabrizio89 on February 18, 2015, 11:05:18 AM

ETF is so hyped right now like it's the only hope btc has to go up... if that doesn't work I don't even want to imagine what could happen.

Maybe the bitcoin will dead //sarcasm,

However the another way could be the "halving", I think after the next block reward halving the price will go up (at least a little bit). I don't see another way to the "rise" of the bitcoin price, this time China can't help.

I see it more as a war of news that has the most influence on the BTC price, in the last year or so. On hand you have negative news: exchange hacked, stolen coins, coins coming from illegal businesses, etc. On the positive side you have: ETF story, halving, Chinese investors, etc. Pretty much all the same arguments since quite long time. Rinse and repeat.

LewiesMan

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Quote from: medUSA on February 18, 2015, 01:33:17 PM

Reward halving is going to help, but price will start to go up running up to the halving and remain around the same after.

The ETF and Gemini are things bitcoin needs to become more stable in the future. I am not sure the Gemini will have much effect on the demand/price, it is an exchange.

It will affect a pump as a reason Cheesy

medUSA

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--Signature Designs-- http://bit.ly/1Pjbx77

Reward halving is going to help, but price will start to go up running up to the halving and remain around the same after.

The ETF and Gemini are things bitcoin needs to become more stable in the future. I am not sure the Gemini will have much effect on the demand/price, it is an exchange.

redsn0w

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#Free market

Quote from: Fabrizio89 on February 18, 2015, 11:05:18 AM

ETF is so hyped right now like it's the only hope btc has to go up... if that doesn't work I don't even want to imagine what could happen.

Maybe the bitcoin will dead //sarcasm,

However the another way could be the "halving", I think after the next block reward halving the price will go up (at least a little bit). I don't see another way to the "rise" of the bitcoin price, this time China can't help.

Fabrizio89

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ETF is so hyped right now like it's the only hope btc has to go up... if that doesn't work I don't even want to imagine what could happen.

Q7

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There were conflicting statements on the launching date but I hope it can be approved by early of 2016. On the effect on price, I expect it to be positive. Though investors are not directly getting into bitcoin but any investment into traded fund related to bitcoin is still more or less similar like what you are investing into bitcoin.

Paashaas

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Quote from: tss on February 18, 2015, 08:55:47 AM

Quote from: Paashaas on February 17, 2015, 09:13:11 AM

Quote from: monsanto on February 17, 2015, 08:40:40 AM

When do you predict the Winklevoss' ETF will be available?

What effect will this have on price? Do you think it will be priced in by then?

I assume this will happen before their Gemini exchange is open.

The ETF will only be approved with a top-nutch exchange, pretty cool from the twins that they funded it from there own money.

Gemini will go online q1, give it 6 months to 1 year before the ETF will be launched.

Pretty sure the price will go up.

hey, we're less than 6 weeks away from the end of the first quarter. where do you get your intel?

Quote

While both are optimistic about launching the exchange in the first quarter of 2015, they were adamant that Gemini’s launch would be contingent on the passage of New York’s BitLicense proposal, which is expected to be finalized this month.

http://www.coindesk.com/winklevoss-brothers-gemini-nasdaq-bitcoin/

tss

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Quote from: Paashaas on February 17, 2015, 09:13:11 AM

Quote from: monsanto on February 17, 2015, 08:40:40 AM

When do you predict the Winklevoss' ETF will be available?

What effect will this have on price? Do you think it will be priced in by then?

I assume this will happen before their Gemini exchange is open.

The ETF will only be approved with a top-nutch exchange, pretty cool from the twins that they funded it from there own money.

Gemini will go online q1, give it 6 months to 1 year before the ETF will be launched.

Pretty sure the price will go up.

hey, we're less than 6 weeks away from the end of the first quarter. where do you get your intel?

HarmonLi

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Honest 80s business!

I don't really know. It's really hard to tell from the lack if practically any news. I think it is priced in I a degree, or at least may give us another Coinbase Lunar crash event. Bitcoin is too erratic at these prices!!!

okthen

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Quote from: monsanto on February 17, 2015, 08:40:40 AM

When do you predict the Winklevoss' ETF will be available?

What effect will this have on price? Do you think it will be priced in by then?

I assume this will happen before their Gemini exchange is open.

It will be almost certainly after Gemini. As someone said, they pointed Q1 as a target. Plus it already has a website and a precedent (coinbase lunar thingee). Seems easier to start.

Hunyadi

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☑ ♟ ☐ ♚

Stop sitting around, and make it happen! Cry

Chef Ramsay

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Quote from: hyphymikey on February 17, 2015, 09:33:57 PM

My companies puts $2 for every $1 I put into my 401K up to 5% of my total income, then it tapers down up to 10% of total income. I wonder if I will be able to roll this over into the ETF?

After 25 years of service my company also provides 40% of my highest year salary for 25 years or until death, whichever comes first. I am willing to put my entire 401K into the ETF knowing I will still be getting a decent check every month once retired.

Interesting and should be a nice addition to the looming ETF on the horizon. You'll be pleased at the returns as you well know.

Topic: ETA for the ETF? (and Gemini Exchange speculation) - page 11. (Read 21139 times)