On the Winklevi... we have a few talking heads who have said their opinion and thrown in words like "the preponderance of the law." SEC provides much less latitude when an investment is not limited to sophisticated, wealthy, or experienced investors. See Purina case. The ETF will be limited in large part to such investors, but these activities will touch on the investments of less sophisticated investors. I could go into a multitude of cases, but it would just be attacked by FUD. So, let me just say that Securities Regulation was my best and favorite class, my prof was the former SEC enforcement head, and I just don't see the s--- happening. I may very well be wrong. I figure that's what stop-losses are for.
Well, I am glad that you have studied into some of what you perceive to be relevant precedent, and based upon that you have come to what you believe is an informed prediction.
I believe that is what we all do. We act upon what information that we have and we assign probabilities to it, and if we are exposed to new information, then maybe we will change our probability assignments.
By the way, when you suggest that people who are bullish about BTC are in the habit of using FUD, you are largely mischaracterizing what seems to go on around here. Frequently, downward price manipulators are in the practice of spreading FUD or partial information or incomplete information in order to talk down BTC and to talk down its potential and to talk down its risk.. NOT all bears do this, but that is largely where you see the FUD.
On the other side (the bullish inclinations), you may see exuberance, but most of the time these bullish inclined people are NOT in the habit of purposefully spreading misinformation about BTC.
In the long-term, people get burnt or change their mind. There is also a much more pervasive screwing of traders now that Wall Street has entered the game. Finally, the deals being attached through the mainstream, uber-regulated, above board side of the market are just f---ing lame. 10% off on Dell products? Really? I could do better than that without even trying on Amazon and heaven forbid I did try I could probably get 50% off sticker on Dell products. So, really, I don't see that working out too hot. You can count all the wallets you want or use the word adoption in every sentence, but lame is lame.
It seems that you are over emphasizing trivial matters here. The importance about dell and other large liquidation opportunities is just that, the ability to liquidate in a variety of ways and the fact that more and more larger venders are incorporating BTC payments into their offerings.
For the average, everyday user Bitcoin just becomes a tax hassle with at least a feeling of less security (although I don't really think that is all that true at all) where the value of your funds are ever in the hands of a non-politically accountable Junta of insiders (like with the U.S. dollar, but to a higher degree because Wall Street is historically filled with scumbags) and your balance could be effectively zeroed out upon implementation of bans the next time a terrorist acts a fool or the government starts to worry it might replace state backed currencies. Also, knowing all of those hassles, or even suspecting them, it takes a truly virtuous soul to give it a chance (and they'll end up being f---ed over by one of these bucket shop exchanges). So yes, I said f---ing disaster because, frankly, this s--- is going to be worth $5 comes 2020, and maybe even sooner, unless we turn back towards the dark markets.
Which is why OpenBazaar, to me, is really tremendous news.
O.k. now, I can kind of see where you are coming from with the term "disaster," yet I still get the sense that you are being overly pessimistic.
I do tend to agree with you; however, there are going to need to be continuing and ongoing darkmarket type BTC developments in order to assist with some of the potential problems of either financial market manipulations and/ or governmental manipulations of the BTC space.
it looks like JayJuanGee is trying to "talk up" BTC
I should change my name to RRRRRRRRRRRRRiiiiiiisssssing or maybe to NOT_fallllllllllllling
