Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24792.

strunzdumm

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Quote from: ?? on ??

Quote from: empowering on October 31, 2014, 09:26:23 AM

Quote from: Erdogan on October 31, 2014, 08:35:59 AM

Just wanted to mention that my new house is completed:

http://narod.hr/wp-content/uploads/2014/10/F-ERDOGAN-PALACE.jpg

That looks like a mere penthouse apartment that Ceaușescu had built ontop of his "palace" as an after thought. (we all know what happened to him huh?)

http://romanianjournalist.files.wordpress.com/2012/08/casapoporului-adevarul.jpg

I have seen this place, it is f'kin huge.

This photos taken from Turkey. Our President built new house for him. I am also from Turkey. We are not happy for this "palace" because we have lots of problem and we are not wealthy country.

Oh as long as the islamic state smuggeling oil illegaly to your country, it will be the wealthiest in the near east. Because we buy this oil, we need it... The next 10 years will be the the greatest youve ever had since osmanian reich

BitAddict

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Quote from: JorgeStolfi on October 31, 2014, 10:57:33 AM

Quote from: BitAddict on October 31, 2014, 10:49:04 AM

Not everything is USA. Even if SEC doesn't allow a bitcoin ETF, EU or any other country could approve it.

True, and this is how Havelock and other bitcoin "stock exchanges" have been working. But the US would probably go after the foreign ETF if they sell to US citizens/residents.

Again, USA is just a part of the world. Bitcoin ETF could launch legally in EU but not allowing US citizens, it doesn't matter. Volume would pick up in that ETF and it would probably lead bitcoin price.
I'm speaking about a proper regulated ETF in the real stock market, not something like Havelock.

Quote from: derpinheimer on October 31, 2014, 11:03:17 AM

Will 2k fall today?

Or 2.2k?

2.1k and then all the way down to 2k?

derpinheimer

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Will 2k fall today?

Or 2.2k?

ChartBuddy

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JorgeStolfi

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Quote from: BitAddict on October 31, 2014, 10:49:04 AM

Not everything is USA. Even if SEC doesn't allow a bitcoin ETF, EU or any other country could approve it.

True, and this is how Havelock and other bitcoin "stock exchanges" have been working. But the US would probably go after the foreign ETF if they sell to US citizens/residents.

downtosimple

newbie

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I can not figure it out. What approval do they need? They need approval for trading their shares (say public ETF?) or approval of legal status of the fund ( say private ETF?), Can I put it that way?

Let's say, for a private ETF, if it stops clients' liquidation, does it mean something serious happening in their capital flow（ like gox?)

BitAddict

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Quote from: JorgeStolfi on October 31, 2014, 10:40:08 AM

Quote from: BitAddict on October 31, 2014, 10:27:26 AM

The only way ETFs never takes off is bitcoin being illegal in all the countries (impossible IMO). Big players want fast and huge returns investing in bitcoin, and that's the fastest way to achieve it. As long as you hodl real bitcoins will be fine. Of course they will be able to easily manipulate market price, but anyway you can easily do it right now if you have enough money, just look what happened yesterday.

I don't know, but the SEC presumably wants more than just "it is not illegal". AFAIK, the SEC was created after the 1929 stock market collapse to bar sale of stocks that are likely to collapse. That could harm big investors, too.

So, I would guess that their approval depends on their estimate of the future of bitcoin. (And they may also consider the likelihood of the fund being goxed, perhaps.)

Not everything is USA. Even if SEC doesn't allow a bitcoin ETF, EU or any other country could approve it.

hdbuck

legendary

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trick or treat?

JorgeStolfi

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Quote from: BitAddict on October 31, 2014, 10:27:26 AM

The only way ETFs never takes off is bitcoin being illegal in all the countries (impossible IMO). Big players want fast and huge returns investing in bitcoin, and that's the fastest way to achieve it. As long as you hodl real bitcoins will be fine. Of course they will be able to easily manipulate market price, but anyway you can easily do it right now if you have enough money, just look what happened yesterday.

I don't know, but the SEC presumably wants more than just "it is not illegal". AFAIK, the SEC was created after the 1929 stock market collapse to bar sale of stocks that are likely to collapse. That could harm big investors, too.

So, I would guess that their approval depends on their estimate of the future of bitcoin. (And they may also consider the likelihood of the fund being goxed, perhaps.)

touhonoob

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ANXBTC Launches Bitcoin Debit Card Without Monthly Fee
https://anxbtc.com/pages/#/card
https://i.imgur.com/msxj83x.png

BitAddict

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Quote from: conspirosphere.tk on October 31, 2014, 10:21:32 AM

Quote from: JorgeStolfi on October 31, 2014, 10:17:04 AM

This market would surely require SEC approval.

Personally I hope that the crypto-ETFs will never take off. Or it will end like the gold and silver paper market.

The only way ETFs never takes off is bitcoin being illegal in all the countries (impossible IMO). Big players want fast and huge returns investing in bitcoin, and that's the fastest way to achieve it.
As long as you hodl real bitcoins will be fine. Of course they will be able to easily manipulate market price, but anyway you can easily do it right now if you have enough money, just look what happened yesterday.

conspirosphere.tk

legendary

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Bitcoin is antisemitic

Quote from: JorgeStolfi on October 31, 2014, 10:17:04 AM

This market would surely require SEC approval.

Personally I hope that the crypto-ETFs will never take off. Or it will end like the gold and silver paper market.

JorgeStolfi

hero member

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Someone is claiming that SecondMarket's SMBIT fund is no longer allowing their clients to "withdraw" (liquidate) pending SEC approval of their ETF:
https://bitcointalksearch.org/topic/m.9386310

Methinks that the guy is confusing liquidating (selling the shares back to SMBIT, according to the current BTC price) with trading (selling them to someone else). Clients could do the former after the first 6 months, but were forbidden to do the latter until SMBIT created a marketplace (ETF?) for that, which they promised for Q4/2014. This market would surely require SEC approval.

EDIT: however he insists that he is NOT confusing the two.

ChartBuddy

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empowering

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Quote from: Erdogan on October 31, 2014, 08:35:59 AM

Just wanted to mention that my new house is completed:

That looks like a mere penthouse apartment that Ceaușescu had built ontop of his "palace" as an after thought. (we all know what happened to him huh?)

I have seen this place, it is f'kin huge.

cbeast

donator

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Let's talk governance, lipstick, and pigs.

Quote from: Erdogan on October 31, 2014, 08:35:59 AM

Just wanted to mention that my new house is completed:

That short guy sure likes to look up at big long columns.

hmmkay

full member

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Quote from: bobboooiie on October 31, 2014, 07:45:42 AM

"First German Bank Hits Savers with "Negative Interest Rates". Customers are now required to pay 0.25% per year to the bank for the privilege of handing the bank their hard-earned money."

From accounts of 500k+.
Still insane.

ChartBuddy

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