Topic: Winklevoss Bitcoin Trust on Bloomberg - page 7. (Read 10995 times)
Pretty sure it is just a placeholder since the ETF is still going through the approval process.
Am I missing something, or is there really no news? It's a blank screen, still awaiting the "approval" or whatever.
Well, I guess the only news is that they filed and then it was sent back to them to add some more legal explanations, which they did, and it seems like the ETF approval is going through the normal stages. What this means is that it is not dead in the water and its optimistic that progress is being made. The fact that Bloomberg has a spot ready for the EFT if approved is visually optimistic, although I would doubt - could be wrong - that this really has nothing to do with final approval. However, while some laughed the ETF off as not standing a chance of approval, it seems that is not the case. And that, in my opinion, is great news.
good interpretation.
Am I missing something, or is there really no news? It's a blank screen, still awaiting the "approval" or whatever.
Well, I guess the only news is that they filed and then it was sent back to them to add some more legal explanations, which they did, and it seems like the ETF approval is going through the normal stages. What this means is that it is not dead in the water and its optimistic that progress is being made. The fact that Bloomberg has a spot ready for the EFT if approved is visually optimistic, although I would doubt - could be wrong - that this really has anything to do with final approval. However, while some laughed the ETF off as not standing a chance of approval, it seems that is not the case. And that, in my opinion, is great news.
Am I missing something, or is there really no news? It's a blank screen, still awaiting the "approval" or whatever.
Someone please explain this to me, because I clearly don't get it -
How can an actual pump-and-dump scheme be possible on BTC?
If a trust is pumped with $$$ therefore pumping up BTC, what happens when everyone sells? Fund still has same amount of $$$, so only early jumpers actually get to see their gains, and rest are left dry.
Why would _anyone_ try to pump-and-dump given then when the dump arrives, there's a high chance of the money simply vanishing into thin air?
How can an actual pump-and-dump scheme be possible on BTC?
If a trust is pumped with $$$ therefore pumping up BTC, what happens when everyone sells? Fund still has same amount of $$$, so only early jumpers actually get to see their gains, and rest are left dry.
Why would _anyone_ try to pump-and-dump given then when the dump arrives, there's a high chance of the money simply vanishing into thin air?
The fund does not have $$$. The fund has BTC that they bought with investor funds. However, the effect is the same. Only those who sell before the pop and those who bought low will retain their wealth.
What this fund, if its is approved, offers more than anything is legitimacy in the financial markets. It offers a place for hedge fund and other managers to put a small position of their multi-billion dollar accounts without worrying about being seen as mavericks or crazies.
It will also be a place were mom and pop investors can put some of their monies.
The implications of this are huge, because if this happens, BTC will go from being the random odd fun story on CNBC to something that is considered REAL and here to stay.
I am not saying BTC will be immediately popular or respected, but it would be considered a member (albiet perhaps black sheep) of the financial community.
It will also be a place were mom and pop investors can put some of their monies.
The implications of this are huge, because if this happens, BTC will go from being the random odd fun story on CNBC to something that is considered REAL and here to stay.
I am not saying BTC will be immediately popular or respected, but it would be considered a member (albiet perhaps black sheep) of the financial community.
huge news.
is there some article we can read?
is there some article we can read?
I think they are saying the Wrinklevoss are pumping the price up so they can sell. those who buy into the trust.. well, too bad
If this were the case, it would have been dumb of Winklevoss to announce that they have a 1% stake in Bitcoin.
what are the implications of this
For Canadians, if I understand this correctively, this opens an investment in Bitcoin, for tax sheltered / tax deferred accounts such as an RRSP. TFSA, RRIF etc. The trade-off when compared to holding BTC outside a tax sheltered / tax deferred account is the fees and counterparty risk associated with the trust vs the tax benefits.
Someone please explain this to me, because I clearly don't get it -
How can an actual pump-and-dump scheme be possible on BTC?
If a trust is pumped with $$$ therefore pumping up BTC, what happens when everyone sells? Fund still has same amount of $$$, so only early jumpers actually get to see their gains, and rest are left dry.
Why would _anyone_ try to pump-and-dump given then when the dump arrives, there's a high chance of the money simply vanishing into thin air?
How can an actual pump-and-dump scheme be possible on BTC?
If a trust is pumped with $$$ therefore pumping up BTC, what happens when everyone sells? Fund still has same amount of $$$, so only early jumpers actually get to see their gains, and rest are left dry.
Why would _anyone_ try to pump-and-dump given then when the dump arrives, there's a high chance of the money simply vanishing into thin air?
Because no one need to sell. First they could mortgage them to get a loan to spend, and in the case FED is tightening, they could just spend bitcoin directly
Look at it the other way: How can an actual pump and dump scheme be possible on USD?
Now USD value has been pumped up so high (they should worth nothing because it cost nothing to make, FED is still printing 85 billions per month), what happens when everyone dump their USD?
A few lucky guys already dumped their USD in exchange for BTC, but the major dump has not started yet, when that happens, the BTC supply will dry out quickly and USD priced in BTC will be close to zero
I think they are saying the Wrinklevoss are pumping the price up so they can sell. those who buy into the trust.. well, too bad
Someone please explain this to me, because I clearly don't get it -
How can an actual pump-and-dump scheme be possible on BTC?
If a trust is pumped with $$$ therefore pumping up BTC, what happens when everyone sells? Fund still has same amount of $$$, so only early jumpers actually get to see their gains, and rest are left dry.
Why would _anyone_ try to pump-and-dump given then when the dump arrives, there's a high chance of the money simply vanishing into thin air?
How can an actual pump-and-dump scheme be possible on BTC?
If a trust is pumped with $$$ therefore pumping up BTC, what happens when everyone sells? Fund still has same amount of $$$, so only early jumpers actually get to see their gains, and rest are left dry.
Why would _anyone_ try to pump-and-dump given then when the dump arrives, there's a high chance of the money simply vanishing into thin air?
this will be the beginning of a long lasting friendship
I guess the latest rally maybe caused by some kind of insider who know there is a green light from government incoming
does this actually mean that the Winklevii can take people's money and invest in btc now? Didn't they need congress or some government agency to accept their proposal? Fucking stupid if that happened
Is this the big news the in the know people were talking about? Seems huge.
If this Winklevoss trust goes live, that will be huuuuuuuuuuuuuuuuuuuuuuuuuge.
Agreed. Very significant news.
Or more accurately, space rocket & diarrhea
what are the implications of this
Pump & dump
what are the implications of this
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