Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18873. (Read 26686376 times)

Let's say I launch an ETF in London. You live in the States. Can you create an "investment company" in the UK which then buys from my ETF in London?

Can US law get involved with the internal processes of a company that operates abroad? Shouldn't the regulatory barrier extend only up to the level where you own the shares to your company and get profits or added value which might be taxable in the States?

So the COIN ETF could take a decade for example ?

The US govvy 'protects' its tax cattle herd very jealously, the more than 4000 citizens per annum trying to leave have to dump their passports http://money.cnn.com/2016/02/08/news/americans-citizenship-renunciation/index.html and have to pay huge amounts of money and now IRS is actively stopping them from leaving by removing passports http://www.naturalnews.com/052138_IRS_US_passports_travel_restrictions.html

If an ETF wants to do business with customers in the USA it has to go through the USA regulatory procedure. There were offshore internet gambling sites that thought they could do business with customers in the USA without fear of legal action from the USA government. Most of them eventually got taken down by the USA government, and the owners were prosecuted.

Well said, could you please also answer the first two questions in the last post of mine.

I know I ask a lot but I enjoy learning from you.

Can't they bypass USA regulatory resistance and go to the UK -or elsewhere- to launch the ETF?

I read someone claim the last controversial ETF took seven years.  It might be a couple years from now, or it could even occur in 2017.  I could see them fast tracking it if the post-halving charts don't look like a completely ridiculous pump and dump going from like $500 to $10,000 and back to $1000 again.  People would think that's kind of suspicious.  If it went from $500 to $3200 then back to $1600, they would consider that OK and just price discovery/growing market.

Well said, thanks bro

- When do you think we will platu, in other words, fireworks begin and the new era begins ?

- Could you please as well break down by a timeline from your view about about the coming phases of Bitcoin, e.g.

End of 2016 - Bitcoin is prepared from something

2017 - Mid 2018 - Start of instutional investors merging

and so on.

Edit 1 : - When do you expect to see the COIN ETF ?

I view Bitcoin 100% as a currency and not commodity.  Europe recognizes it as such.  The US govt claims it's a commodity.  Whatever they classify it as might be entirely motivated by existing taxation structure, so it's kind of irrelevant what random bureaucrats say.  If you try to look at it from an angle claiming that Bitcoin can't handle micro-transactions so that makes it a commodity, this is false.  All that means is it's a network for wealthy people to place large value transactions and people living in poverty will be priced out.

Having said that, I estimate you only need around 8MB blocks for Bitcoin to be utilized and spread by the middle/upper middle class of 1st world nations as a checkbook type device for large value transactions.  3.2MB blocks + payment channels might give you the equivalent or much higher than 8MB blocks, and that happens in the very near future.

We don't need every poor person in the world to use Bitcoin for it to have value.  People who have lots of money are the prime benefactors of Bitcoin because they have the most to lose when the bankers have a bank holiday and freeze their accounts for withdrawal.  People with extremely small amounts of money (very poor 3rd world nations) can still use centralized BTC debit card services if they can't afford on-chain transactions.


I think once the next Bitcoin bubble occurs, banks and ETFs will be forced into the market, and they'll pump Bitcoin way higher on top of the large gains it already makes.  The Winklevoss are some of the most cunning whales in this game having an ETF planned before the thing even got off the ground.  People like Max Keiser and Rpietila just bought early and that's about it.  Winklevoss bought and built the framework on top of that for it to explode to obscene levels.

Did you notice my quote buddy ?

Ok, I get it. Fascists look out for each other. Good for you.

Haahahahahaha


I said my piece, and I appreciate your bullish optimism. 

Likely the odds are in favor or your prediction coming true (meaning greater than 50% to come true), but that likelihood, even if it happens to be 99.9999936% does not make the odds either 100% or 0% because we still have nearly two months before the occurrence of such predicted event.   

OMG 11 years old. Stop trolling or i will call your mom.

JayJuanGee, I'm going to need you to stop eating MSG filled hotpockets in the basement.  If you don't know that the price will be over $500 on the day of the halving, then you don't understand these markets.

There is almost nothing that is absolute regarding the future, and even more so if we are talking about a specific price range of an asset.

The day of the halving is predicted to be about July 11 - ish?  I personally do not have enough guts to predict any kind of absolute numbers, but since we are talking about a price threshold ($500) that is greater than the current price $458, I would estimate that the odds are greater than 20% that prices will be above $500 on that day...

However, the contrary prediction that prices will be below $500, the percentages have to be different, no? or is it the same question?   I would say that the odds are at least 30% that the price could be below $500 on the day of the halving.  I hope that I am not contradicting myself by the mere rephrasing of the proposition..... but for some reason I think about the odds differently, depending upon how the proposition is phrased.  It may just be that I have a bit of a range of uncertainty pertaining to the probability in my own thinking?

Agree with you like usual r0ach.

But I've a few questions regarding the above graph you've put a comment on,

1. I'm confussed now, is BTC a commiditoy or an assest ? And how do the centeral banks view it ?

2. Do you want to say that the new normal for the central banks will be is buying BTC ? If yes, kindly elaborte more about it.

Thanks my friend

lol no.  The odds of it being below $500 on the day the halving occurs are 0.  Even bears like MatTheCat that hate BTC and want it to die talk about not being surprised if it pumped to something like $600 soon before the halving even occurs. 

In my opinion i think we will hover under 500 usd dollars until early september

Looks like we're gonna bounce within another ascending triangle for yet another couple weeks.

I don´t know why I feel this event is inextricably related to the recent price surge