Quote from: oda.krell on August 08, 2014, 08:23:20 PM

Quote from: Hunyadi on August 08, 2014, 06:30:41 PM

Quote from: oda.krell on August 08, 2014, 02:02:06 PM

Quote from: Blitz on August 08, 2014, 01:45:56 PM

Quote from: ensurance982 on August 08, 2014, 01:42:14 PM

Quote from: oda.krell on August 08, 2014, 01:26:20 PM

Quote from: Blitz on August 08, 2014, 11:31:03 AM

So SecondMarket hasn't bought shit for over 3 months now.

Looks like it. Should probably worry those who believe that the listing of an ETF automatically means new price surge.

You may be right with that. But couldn't a real ETF be another investment vehicle serious investors want to use in order to get their Bitcoin? What are the advantages over SecondMarket in this case? (compared to e.g. the Winklevoss' COIN)

The advantage of an ETF is that it is accessible not only to high-net worth individuals, at your regular broker. I think it'll help a lot, but it will depend a lot on the circumstances of when it is launched because the sentiment/price environment will dictate demand.

Spot on (as usual). ETF listing will be a major chance, but it's just that: a chance. If demand doesn't match the offer at first, price will not do anything.

The *prospect* of the ETF is long priced in, the actual effect of buying pressure coming from it remains a possibility - a good one though, I'll admit.

With the current market cap...I have to disagree strongly

Fair enough. But with price/market cap being what it is, it seems the majority (of capital) does consider the news "digested".

Doesn't mean that, the moment an ETF actually starts buying beyond the markets expectations, that prospect won't be revised upwards.

I have it on pretty decent sources that miners have been getting many offers from institutional buyers wanting every available btc off exchange. I think this is why we see very low on exchange volume. Miners arent selling on exchanges anymore and large money is trying all it can not to run up the price.

This cannot go on forever. At some point the dam has to break.

I believe if/when the ETF gets confirmed, there is going to be a major rush by institutions to buy off exchange to front run the exchange. I think there is STILL A LOT of skepticism and denial on wallstreet about whether the SEC will approve the ETF.

I think if it gets approved (and the information sources I have gotten about miners are true) that a bitcoin run (on the bitcoin bank) is all but guaranteed.

Yes, we can say that the ETF is somewhat priced in the current day trading community. But that community represents such a tiny tiny sum of money, they almost dont matter. And more so and more so as the volume has dropped.

I think the ETF is going to cause a front running tidal wave, whether the ETF itself actually effects the price anytime soon - doesnt really matter.