Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28814. (Read 26708204 times)

Ok I can say another day started for me

And I am curious what is going to be price in next 24h

I hope ++ will appear

So LTC is just a pump and dump coin like every other alt coin as it looks like.

ouch

litecoin taking a beating

Already dollarized countries like Ecuador and El Salvador have already given up the inflation tax, and could therefore be candidates.

https://www.ripplelabs.com/investors/

Magic

I would expect a small breakout to $630. Probably today or tomorrow.
Disclaimer: i'm all btc and holding so I don't really care about my own predictions.

Here's some reasonably sexy news - SecondMarket is trying to open up their fund to regular mortals.

http://online.wsj.com/news/articles/SB10001424052702304026304579449782511589924?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304026304579449782511589924.html

SecondMarket Inc. is racing to open up a private bitcoin investment fund to ordinary investors as soon as the fourth quarter, potentially beating a rival offering by two investors best known for their lawsuit against Facebook Inc.

SecondMarket, which launched the Bitcoin Investment Trust last September to cater to wealthy investors, has started lining up lawyers and investment banks to help with the process.

The Bitcoin Investment Trust buys and sells bitcoins, allowing investors to place bets on the digital currency without owning it directly. It held $54 million in assets under management as of Tuesday, according to its website.

The trust would compete with the Winklevoss Investment Trust, an effort sponsored by Cameron and Tyler Winklevoss, who won a $65 million settlement with Facebook's Mr. Zuckerberg in 2008 over their claim that he stole their idea for the social-networking site. The Winklevoss brothers have applied to create an exchange-traded fund specializing in bitcoin.

SecondMarket, primarily a marketplace to trade shares of nonpublic companies, is taking a different route. It wants to take its existing fund, which is geared toward investors with more than $1 million in assets and annual incomes above $200,000, and make it available to ordinary people. It plans to list the fund on OTC OTCM +0.61% Markets, an electronic exchange.

SecondMarket is seeking approval from OTC Markets and the Financial Industry Regulatory Authority, a self-regulatory body, to market the trust to investors. The New York firm is lining up investment banks that would act as market-makers, or make commitments to buy or sell shares in the fund, and is screening law firms to act as a securities expert.

If OTC Markets and Finra approve the plan, the fund's shares could become publicly available as soon as the fourth quarter to investors with less than $1 million in assets and annual incomes below $200,000.

SecondMarket's move comes as other firms ramp up efforts to build a more robust investment infrastructure for bitcoin and other digital currencies.
On Tuesday, Pantera Capital said it had joined forces with fellow hedge fund Fortress Investment Group FIG -0.75% and two venture-capital firms to form a fund solely dedicated to bitcoin investments.

Other initiatives, including one led by telecommunications provider Perseus Telecom and a separate venture by SecondMarket, aim to develop fully regulated, high-tech bitcoin exchanges for professional investors.

The Winklevoss fund applied in July for approval from the Securities and Exchange Commission to be classified as an exchange-traded fund, a lengthy process.

Evan Greebel, a lawyer at Katten Muchin Rosenman LLP's New York office who is handling the Winklevoss application, said it is "going smoothly and we don't anticipate any problems." Citing SEC rules, he said he couldn't estimate a timetable for completion of the approval process.

By circumventing the SEC approval process, SecondMarket expects to be the first firm to bring a regulated bitcoin fund to the general public.
Until now, ordinary investors have been able to invest directly in the digital currency only via one of many loosely regulated online exchanges. But that strategy carries risks, as highlighted by last month's collapse of Tokyo-based Mt. Gox, which said in a bankruptcy filing that 850,000 bitcoins had vanished from its coffers.

The Bitcoin Investment Trust pitches itself as a safer vehicle, with its obligations to investors denominated in dollars, not bitcoin, and with regulatory oversight giving investors a greater deal of confidence.

It is unclear how deep such demand for bitcoin runs among the general public. In December, The Wall Street Journal reported that mainstream financial advisers were recommending that their clients steer clear of the highly volatile digital currency.

In keeping with the volatile moves in the price of bitcoin versus the dollar, the SecondMarket trust has seen big swings in value. Since it started trading in September, it is up 371% but is down 20% this year.

OTC Markets is an electronic successor to the decades-old Over The Counter Bulletin Board, also called the "pink sheets," an unregulated market for stocks that don't meet the listing requirements of the New York Stock Exchange or the Nasdaq NDAQ -2.60% Stock Market. SecondMarket's fund is applying to list on a part of OTC Markets known as OTCQX, which has more rigorous financial disclosure requirements and includes big-name foreign companies such as Canada's Bombadier Inc. and Japan's Yamaha Corp. 7951.TO +0.15%

Tyler Winklevoss argues that his fund, which would trade on a fully regulated exchange, is a safer option. "Because the [SEC] hurdles we are going to have to jump are higher and because it's a more rigorous process, the idea is that it is going to be more viable and open to mainstream investors," he said.

no ? really =D


I come sometime here to test if people from bitcoin are changing their mind. It's obviously too early but someday they'll all repeat what I just wrote or something similar...

mah87, believe me

u are not gonna be the gamechanger for ripple if it succeeds or not

u are only wasting ur time

people are not able to see what I'm talking about this is crazy. =D i'll be back in few months it's ok AdamSmith you REALLY should read more about ripple I don't understand how old bitcoiner like you don't get it already.

Mah87 doesn't have any bitcoins left, he sold cheap this is why he is but hurt, people threw some satoshis at him so he can leave us alone...

I thought so.

ok ok back on topic..



are the digital bits that make up a bitcoin shinny? are they a golden color ?

Ripple will win anyway, it's not because nobody understand how it works that its technology is less powerful...

idk, ripple is a nice idea.. if they had used bitcoin as the native currency, it would have taken off, and it would have made bitcoin that much cooler

but no

they premine all the coins and hand out half and then point and lol.

not cool, ripple gods not cool at all.

Could you STFU about (C)ripple already?

Open a shitty opening thread, put in : ALL HAIL CRIPPLE. And continue your bullshit there. As you can see this topic is called: BITCOIN price movement tracking & discussion.

You are pretty much getting on my nerve by trying to be a complete SMARTASS about an alt that you adore so much. Adore that shit where it belongs, which is not here.

Mah is worst advertisement Ripple could afford to itself.

well actually you can exchange against btc,usd,cny,ltc and other alts through several different gateway.. how this statement is not true ?

By the way the autobridge feature is actually behind implemented and it makes that really useful..