Technicals are bad but... - page 2. | Bitcointalksearch.org

PolarPoint

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Quote from: hector3115 on March 25, 2015, 06:48:09 PM

I think ordinary people at scared to hold bitcoin themselves for fear it will be stolen or whatever. This gives them an easy way to invest now in a format that they're comfortable with.

Many people buy and hold bitcoin just for the fun of owning some bitcoin. They usually buy 1 btc and be done with it. If they want to hold bitcoin as an investment, an ETF is certainly an easier method.

gentlemand

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Welt Am Draht

Quote from: korila on March 25, 2015, 07:37:56 PM

ETF i don't think that's any good news, coinbase is still available, they can invest in BTC anytime
I can't tell how market will react,
but lol at bitcoin ETF opens door for big guys,, phew

Read up on what it means. You don't have to secure them yourself. You can buy through a broker. You can channel it through tax free options. It'll be regulated properly.

Whether anyone wants to invest is a different question, but there's never been anything quite like it before. If a few million old lunatics throw away half a per cent of their retirement funds as a flat out gamble it dwarfs the existing market cap.

twiifm

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Nobody is going to invest their 401K in an asset that lost 80% in a year.

LOL

korila

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ETF i don't think that's any good news, coinbase is still available, they can invest in BTC anytime
I can't tell how market will react,
but lol at bitcoin ETF opens door for big guys,, phew

big investors are busy dealing with other stuff!!!!

i dont think it's game changer,

gentlemand

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I was the under the impression the setup was a bit sketchier than what the Winklevii are proposing. I'll guess quite a few people might hold off for a fully SEC approved version.

hector3115

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The average volume per security means absolutely nothing to the amount of volume Gbit might do

NotHatinJustTrollin

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★Bitvest.io★ Play Plinko or Invest!

Careful with the Silbert "ETF", it's not a real ETF, it's OTCQX, more like pink sheets penny stocks stuff.

OTCQX moves in average $70 million per YEAR per security. BTC market without Chinese exchanges does $70MM in less than 2-3 days.

What you are talking about (securing the BTC with a format they are comfortable with) will come with the Winklevoss ETF, if it ever comes.

hector3115

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I'm usually big on technical analysis and it has served me well many many times. But any good technical analyst knows that news can jolt an equity out its pattern at any given time.

I think silberts etf that's about to hit the market any day is a game changer. This opens up a whole new class of investors. People could add bitcoin to their 401k for Christ sake to get a little speculative.

I think ordinary people at scared to hold bitcoin themselves for fear it will be stolen or whatever. This gives them an easy way to invest now in a format that they're comfortable with.

Topic: Technicals are bad but... - page 2. (Read 1962 times)