Topic: Winklevoss ETF update, what does this mean? - page 6. (Read 9515 times)

Ive heard about this quite some time ago, it seems there's a lot of regulation and such associated with it.  Hopefully we see it soon.

The trading I've done well with but I fell for a few of the scams and thefts because they were being pitched by people I thought were reputable. The only ones that really shocked me were Bitcoinica and GLBSE. I was sure they were legit. Oh well, tomorrow is a new day right?

How have you been getting fuck for years with btc??? Only way I can think of is you're the worst trader on the planet!

:p

What's the deal?

Yeah but it's hard to get fucked for years and not begin hating on the jar of vasoline even if it is protecting your ass.    May all your btc dreams come true.

You see, that's what I dont get. I seen a bunch of hero and legendary members on the forum as of late bashing btc, calling for lower lows and all around turning their back on btc. I'm not sure if this is maybe because they were early adopters, who sold out for major profits early on ($1-$50)... then got trapped on the last bull run and have watched all them profits fade away or maybe its something else. Who knows?

But dont worry bud... BTC is bigger then all the hero/legendary member and this forum combined..

#ToThemoon

I hope your right. It sure would be nice to have a big fat paycheck instead of all the doom and gloom we've had lately.

I never really gave up on LTC, although I have not followed the market for quite some time. I hold a few stacks and maybe one day they'll be worth $40 again or even more.. As for alts.. I never liked them.. I only saw them as a vehicle to acquire more BTC and Fiat. As for the ETF and btc swings.. I couldn't care less these days.. I have a 10 and 20 year plan with btc put away that I bought when they were in the low double digits. I have fiat and btc to live off of and I make more btc daily thanks to the altmarkets.

Im a long term HODLING bull when it comes to btc.... I just think that the ETF will indeed start the next bullrun

More Doomsday hooplaaa!

The FBI are selling BTC... Consumers are buying Homes, Cars and Boats with BTC.

Bitcoin is real man... Wake up and realize this.. You just gotta be patient... Email did not become a major player in its first few years.

Give bitcoin some time!

http://www.bloomberg.com/video/brace-yourself-for-the-winklevoss-bitcoin-etf-sITHeFwvSlWO7YMDSL9n7A.html

watch that....

It's a bit dated but is still very relevant.

Have you given up on altcoins Bob (EMC2 & LTC)? I would think the spike in BTC price coming from an ETF wouldn't be enough profit fast enough for you.

Do you think it will be pushed back to 2016, or even later, or rejected completely??? But you are right that the banking lobby may try to influence that decision! This could be a very bad thing for Bitcoin. "First they laugh at you. Then they fight you. Then you lose."

When the SEC decides that there won´t be any Bitcoin ETF, they can just invent some excuse why they won´t accept it.
Just imagine the strong banking lobby which could have strong influence on this decission. I would say 50%, 50% that we will see this ETF in 2015.

Do you think? Man those are some reassuring words! Which lawyer is this, is he known for anything special? Aren't there some rumors about the SecondMarket not being able to cash out their money right now???

Doomsday scenarios.  I'll bet every bitcoin I own that it will go ahead as planned. No reason not to.. The winkvoss have one of the best if not the best ETF lawyer in the country. They have enough capital to float them through any bureaucratic red tape they may find themselves dealing with.

Trust me.... The ETF will be here in 2015, and the bull run will get underway.

What if the ETF isn't going to be approved? What about the BTC the twins already prepared for it? People who bought BTC in anticipation of the fund are going to dump their stash on the market... We could go much lower then...

It means that the next bull run is about to commence. The nasdaq sees trillions of dollars in volume yearly. Just dec 31st alone saw 58B traded on the nasdaq for the DAY!!!!

With that kind of liquidity and eager investors to dabble in btc were sure to see some serious gains in 2015.

#VivaLaBTC

But how big is this risk? How would they address this risk? The most inherent risk would be someone guessing or stealing the private key(s) to the addresses holding the BTC, right? I mean a fund of that order of magnitude better oughta know their stuff...

Either way there will be a risk of theft of the fund's bitcoin (as noted in the prospectus). The security is also going to be a larger of the fund's expenses

Some of it is speculation, but it's not my speculation.  I've been reading and listening to a fair number of people for several months and have come to respect them.

And it's not groundless.  They cite specific reasons for the positions they hold.

I know nothing about commodities trading, but one thing I hear over and over again is that someone is shorting gold and silver on the commodities market with such extremely large contracts that they overwhelm the market.  Gold should never be in backwardation because gold is money yet has no debasement risk.  But they say gold is frequently in backwardation, not contango as it should be.  This means knowledgeable people are fearful that there will be no gold available in the future so they're willing to pay more to get it right now.

You dismiss the German gold incident, but the fact that the Germans decided to drop their demand has little to do with gold and everything to do with politics.  The fact remains, they asked us to return their gold and we said we couldn't.  Couldn't.


Exactly.  They can drive the price down with commodities shorting, which dries up most demand, but there MUST be some actual physical gold for sale to handle the remaining demand or the manipulation would fall apart.


Saying "total ignoramus" reveals emotion.

All right, just one quote.  James Turk and John Rubino, in their book The Money Bubble, discussed how western central banks, including the Fed, are leasing gold to bullion banks, "which sell the gold on the open market."  Then on page 231: Are James Turk and John Rubino "total ignoramuses"?

I've obviously struck an emotional cord.  I wonder why.  Let me do some of my own speculating.  One of these probably fits you:

• You work for a big bank or the Fed or Treasury Dept. or somewhere else in the cartel and you are paid to tamp down anything that could reveal truth.  Or you're not paid, but feel emotionally connected to the need to keep the dollar supreme regardless of the truth.  Or
• You have a great deal of wealth tied up in GLD or another PM ETF and you feel trapped and you protect yourself by denial and you lash out at anyone who reveals the truth of your desperate situation.  Or
• You thought you were an expert who knew more than almost anyone else, but were caught up short by the deceitfulness of the Fed and the banking cartel.  You're now starting to accept the truth, but are lashing back a little anyway.

.
I hate the deceitfulness too.  And I'm going to get hurt along with everyone else when the collapse comes, but I've noticed that it's not just a few crazies that are saying the things I'm repeating here.