Quote from: chopstick on March 03, 2015, 09:43:57 PM

I always laugh everyone someone says BTC is gonna die...

R u guys kidding me.

The price goes up 10-20% on a little bit of news.

Imagine once something serious actually happens, we'll be back over a K in no time.

Still waiting for this damned Winklevii ETF.

ETFs are evil and a tool of the Corpo-fascists to destroy the true value of commodities. Case in point. Look at what they have done to precious metals. They trade paper representations of the same ounce of gold over and over again causing hundreds, if not thousands of people to own the same ounce. They use Kabuki Theater and rehypothecate precious metals to perpetrate the scam. Eventually it will fail and people who thought that they could get actual metal for their paper will be paid in fiat that will be worthless. No one reads the fine print in the SLV nor GLD ETFs. They tell you as much. You get fiat at their discretion. You do not own a damn thing except shit paper.

When this comes to BTC you will be fed bullshit encouraging you to invest in these ETFs. Short-term, yes there will be an euphoric windfall compared to fiat, but if you dance with the devil you will end up losing your BTC and selling your soul.

Look at your BTC as physical PMs. It is not yours unless you have it in your possession.