Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

http://forklog.net/exante-winklevoss-brothers-etf-to-skyrocket-bitcoin-price/

"if the Winklevoss application is approved, the bitcoin price can easily rise to 2 and even to 10 thousand dollars."

Good point, Elwar, as I was asking myself, will the COIN ETF ever get approved ?

I think yes, but it's not around the corner.

What you think ? If no, why ? If yes, will take some time, right ?

Thanks buddy

ETF is bullshit (not bullish). winklewees are ever failing wannabes burning through daddy money.

trading paper coins will certainly not lead btc price higher.

just look at how gold ETFs are used to lower its price, flooding the market with their monkey gold.

Elwar, what do you think about what hdbuck said ?

And yes, I'm aware of that second ETF filled by SoildX.

You said that the winkies are impatient now, how will this help in accelarating the decision taking ?

Plus, don't you think it's too soon to see that the COIN ETF will launch before the end of the year ?

Lastly, do you think we could have two Bitcoin ETF's in two diffierent stock exchanges ? Probable ?

The part about the Winklevoss twins being impatient implies that they are still actively trying to get this to work and by changing exchanges they are showing that they're willing to do what it takes to get it done.

As far as lowering the price? No. We already see that people are willing to spend double the bitcoin price for bitcoins on the exchange market if they have a broker handling it. The more people who are able to check a box at work to have some of their retirement go toward a bitcoin investment the higher the price will go. That is a market not yet tapped. And it is huge.

It's all speculation as to when it will happen though. They said that it usually takes 2 years from the initial filing. It's been over 3 years.

Thanks for the reply, Elwar.

1.

Quote

That is a market not yet tapped. And it is huge

Any numbers about that numbers, even an estimate ?

2. Do you think we could have two Bitcoin ETF's in two different stock exchanges ? Probable ?

3. What do you think about this

https://www.gsx.gi/article/8292/gibraltar-stock-exchange-welcomes-bitcoineti

4. And this as well

https://www.reddit.com/r/Bitcoin/comments/4uiny2/vontobel_issues_first_bitcoin_certificate_on/

Thanks

Your guess is as good as mine. I like Cameron's guess of $40,000 Cheesy

As far as the Gibraltar ETI...I thought there was already something similar in Switzerland. I'm really not a big stock market guy, I just think it opens up to a lot of big investors. Plus I could invest my tax deducted retirement into bitcoins (if I paid taxes).

Pardon me, but what guess and what that $40 grand ? Cheesy

I was asking about this market and any numbers you are aware of or even an estimate

Quote

The more people who are able to check a box at work to have some of their retirement go toward a bitcoin investment the higher the price will go. That is a market not yet tapped. And it is huge.

And still you didn't answer my question, could we have 2 ETF's ?!

Thanks Wink

I don't see why not. An ETF on different exchanges. That's why I think it'll go quicker. Each exchange won't want to be known as the losers that couldn't put together an ETF.

the point of bitcoin is not trusting anyone.. ETFs are oxymoronic.

sheeple will be shaved from its stupid fiat in due time, but it'll be too late for them to gather even coupla satoshis.

then yea maybe their only resort accessing bitcoin will be ponzi ETF shenanigans.