Where would we be had the ETF passed?

licutis

newbie

Activity: 38

Merit: 0

Quote from: jjacob on July 08, 2017, 10:06:14 PM

Bitcoin is getting choked now from the number of transactions. If the ETF had been approved, I think things would have become unbearable.
The alt bubble would not have arisen at all.

16 out of the last 20 block are not even full. BTC is not getting choked by transactions...
https://megg.ml/i/e4b2a77e1c0e0900ca4bfc0531b07d5d.png

jjacob

legendary

Activity: 1554

Merit: 1026

★Nitrogensports.eu★

Quote from: gentlemand on July 08, 2017, 09:49:35 AM

Let's have some eeal speculation as this was never going to happen, but where would we be at had the ETF passed?

As you can time the alt bubble to the near minute of it not passing i think it's safe to assume that wouldn't have happened.

What else?

Bitcoin is getting choked now from the number of transactions. If the ETF had been approved, I think things would have become unbearable.
The alt bubble would not have arisen at all.

RamBahadur.Gurung

sr. member

Activity: 457

Merit: 262

If it was approved, then it could have been huge, unlike anything we have seen till now. BTC exchange rates could have hit $5,000 per coin, or even $10,000 per coin. Anyway we lost, and it was gain for the altcoins.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: Torque on July 08, 2017, 10:05:59 AM

The more I've had time to really think it through, the more I think ETFs for Bitcoin will be it's eventual undoing.

It's become pretty clear to me that Global banking cabals are not only using unlimited derivatives (and naked contracts) to price fix any and every commodity on the planet, but also to hold them down or crush them if need be in order to keep their fiat ponzi scheme going as long as possible. There is no free market price discovery anymore where derivatives are being leveraged.

I shudder to envision a future where this happens to Bitcoin as well.

Aye. It's an interesting one. They would start off backed by real coins and then gradually give up the ghost.

I know the Swdish ETN voluntarily backs itself with real coins but i wonder whether they'll forget to mention they've dropped that requirement at some point.

mindrust

legendary

Activity: 3276

Merit: 2442

We would have been dealing with WSJ fags and Deutsche derivatives If the ETF had passed.

It wasn't a good thing and It still isn't. Don't believe me? Check gold charts and articles about how derivatives are suppressing gold's real potential. Those derivative markets are built upon the real assets and they are only about the USD, the actual thing does not matter. They can manipulate the prices to whatever they like.

For ex:
http://www.silverdoctors.com/gold/gold-news/gold-manipulation-1-2-quadrillion-in-derivatives/

Torque

legendary

Activity: 3710

Merit: 5286

The more I've had time to really think it through, the more I think ETFs for Bitcoin will be it's eventual undoing.

It's become pretty clear to me that Global banking cabals are not only using unlimited derivatives (and naked contracts) to price fix any and every commodity on the planet, but also to hold them down or crush them if need be in order to keep their fiat ponzi scheme going as long as possible. There is no free market price discovery anymore where derivatives are being leveraged.

I shudder to envision a future where this happens to Bitcoin as well.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Let's have some eeal speculation as this was never going to happen, but where would we be at had the ETF passed?

As you can time the alt bubble to the near minute of it not passing i think it's safe to assume that wouldn't have happened.

What else?

Topic: Where would we be had the ETF passed? (Read 544 times)