Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22720. (Read 26715517 times)

A new type of Goxxed possibilities you mean? That's a novelty, for sure!

Let me see if I got this right: Some other fund, not Winklevoss', was included on the exchange before the ETF?

however, another milestone along the historic trajectory of bitcoin ... now we have "publicly traded" bitcoin, in the traditional sense, with all the trappings and risks that brings (like rubber stamped and ironically down to the detail that you don't actually possess the underlying asset!)

This one event signifies a new chapter beginning.

Coin
Explanation

^
>above $250 is pretty damn good actually, more than I expected

See how nicely things work out if you just lower your expectations?

Everything posted here that isn't raving about BTC & NAMBLA is probably NLC.
I mean, who else doesn't want to own Bitcoin or defile underage minor children?

So you will have to compensate for that in your personal valuation, not?

Your first paragraph: Neither he nor I have said that the market price is identical to everybody's sincere valuation. The point is that everybody has a different valuation, either above or below the last price.

The other paragraphs: Yeah, all kinds of reasons for what people do.

It's a fund, and will be traded on the pink sheets exchanges. Obviously not as big as news of COIN going live on the nasdaq. And no one was suggesting pension funds would be jumping in.

Edit: Most importantly, this is the first time investors can gain exposure to BTC with almost any personal brokerage account.

You mean that imposter?  Ha. Don't pay attention to him.  He is actually Satoshi Nakamoto, trying to save his experiment from us trolls -- the only attack vector that bitcoin was not designed to survive.

It's not an ETF. It' s an OTC (over the counter), a penny stock. Institutional money is not allowed to trade this.

stupid question:

 is this a kind of IPO ?

Well someone is lying

Are you writing a book stolfi?

I genuinely cannot believe that a working professor with a fair bit of real world rep would be up to something on here, especially the sheer volume of it. But the internet can do strange things to otherwise rational people.

Why do you Bitcoiners have so much hatred for those more intelligent and better educated than you?  Is that some sort of a libertardian thing?

Edit VVV See?

Indeed the price rise is probably due to this "news".  But note that it is still actually a rumor, because it is not clear what it means exactly.  So it fits the rule "buy the rumor, sell the news" 

First, "OTC" is short for "over the counter" which means private deals (directly or through brokers) rather than on public exchanges.  Confusingly, "OTC Markets" is the stupid name of a company that runs some exchange-like services for instruments that do not qualify for the major exchanges like NYSE and NASDAQ.  The SM BIT shares (not to be confused with shares of SM BIT) will be listed on OTCQX, one of those "exchanges".  Capisce?

I could not find exactly how the trading will work.  I have seen a quote from OTC Market page saying that they cater only to brokers, not directly to "retail" investors.  Also I don't know whether OTCQX will hold shares for trading, like the bitcoin exchanges, or whether the brokers will hold the shares and OTCQX will be just an index, like the WinkIndex.



I take that as being sarcasm...

What I would like to know is whether SMBIT will re-enable redemption, that is, whether the people with SMBIT shares can return them to SM and get the nominal value back (which is defined as the market's dollar price of 0.1 BTC).  Or whether the clients will have to look for Greater Fools, at OTCQX or through brokers, in order to get their money back.

Kanye West is calling his upcoming album So Help Me God

http://www.theverge.com/2015/3/1/8128891/kanye-west-new-album-title