Bitcoin ETFs Explained - Investopedia

09-14 21:42 - '[link] / "It is official. The Securities Exchange Commission (SEC) denied the Winklevoss twins’ Bitcoin ETF COIN on March 10. / "Almost immediately after the public statement from the SEC was released to the public, Bitcoin...' by /u/pfffftblah removed from /r/Bitcoin within 19-29min

'''
[link]1
"It is official. The Securities Exchange Commission (SEC) denied the Winklevoss twins’ Bitcoin ETF COIN on March 10.
"Almost immediately after the public statement from the SEC was released to the public, Bitcoin price plunged, from $1,350 to $980 within seconds."
in my noob panic i reduced my bitcoin holdings by 8% in just a couple clicks...i then walked away from my pc and told myself if this was all the spine i had i may as well sell
thats when i mastered the "Skill of the Unflinching Hold"
im looking to add the "Skill of Selling the Dump" to my skill set
cause it seems to happen the same every time .... 3 groups of sellers during a dump 1)those selling for a reason which initiates the dump in the first place 2)those selling because they invested money they shouldn't have and are shitting their pants 3)those who realize the dump is happening and sell so as to buy back in cheaper
so the correction ends up 3 times bigger than it really is ... if that little theory is correct then a dump should return 2/3 of the dump
its fun to write stuff on the internet! dont listen to me im a nub
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: pfffftblah
1: i bought in at 1200 and a little while later this happened
cointelegraph.com/news/breaking-etf-denied-bitcoin-price-drops-from-1350-to-980-within-hours
submitted by removalbot to removalbot [link] [comments]

How are the Winklevoss Twins securing/insuring coins for their ETF? /r/Bitcoin

How are the Winklevoss Twins securing/insuring coins for their ETF? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Former Circle Users: What do you use now?

Since Circle closed its doors to Bitcoin buying, I have been looking at a couple of exchanges like Gemini, Kraken, Celery, and Glidera, but I haven't bought from any of them yet. So far, Glidera and Celery are the most appealing. What do you use now that Circle is out of the picture?
submitted by duderme to Bitcoin [link] [comments]

Trying to explain Bitcoin the first truly Decentralized Company

People throw the word decentralized around without even knowing what it means. Well, it means different things for different people. I am a big fan of ICOs, maybe not a popular thought in the Bitcoin subreddit. But I believe the biggest power of crypto is the ability to build a decentralized architecture for any industry.
To help people understand what decentralized architecture is I wrote a blog piece on icodog.io trying to explain it. Since nobody really understood how this stuff works, as its fundamentally different and very abstract this should be taken with a grain of salt. This is my interpretation of how things could be done in the future.
If you disagree or have a different idea of what is meant by a DAO or know someone that is very knowledgeable in this field please pm me.

Introducing a New Way of Doing Everything


A decentralized architecture is fundamentally different to anything we know as of know. That’s also why it’s so hard to understand. Think of bitcoin as the first decentralized company. Let’s call it Bitcoin Crop.
To help understand the Bitcoin Company metaphor, let’s say bitcoins properties are the products that this new decentralized company is producing. Common things said about Bitcoin is its decentralized, censorship resistance peer to peer money. These are often the terms used when people tell you why you should buy bitcoin. Bitcoin is the fastest growing asset of all time. Therefore Bitcoin as the first decentralized company is the fastest growing Company in the world, reaching an evaluation of over 300 Billion USD in less than 10 years.
Although the Bitcoin Company is producing high-quality stuff, the products themselves are only as good as the sales, distribution, marketing and that where decentralized architecture kicks centralized companies ass.
To make things even more complicated we now have to rethink what it means to be paid and to receive a salary. In a centralized company, build on the centralized architecture model, you work for your boss, who has a boss and that boss gets told what to do by some CEO who then has to take his others from shareholders. The money “trickles down” the food chain and by the time it reaches the bottom almost all of it is gone.
Let’s compare this with the first decentralized company Bitcoin. In the Bitcoin company its a bit more complicated than that. In the early days of the company, if you want to work there, you actually have to pay the company first! Crazy I know! Think of it as some tribute to show your loyalty to the Network. The earlier you join, the less you have to pay, and the more of the company network you own.
In the early days of Bitcoin Corp. most of the employees there were just engineers and a few crazy marketing guys. Things became a lot more interesting in 2013, when some important people started to work at Bitcoin Corp. People like the Winklevoss twins, Roger ver, Chamath Palihapitiya and many others bought a big share in Bitcoin Corp. and thereby earned the right to work for the Bitcoin. After that, Bitcoin Corp started to grow exponentially, because those new high-class employees had a lot of leverage and even more incentive to grow Bitcoin. The harder they would work the bigger the company would become and the more valuable there coins would be.
This was the birth of the first decentralized payroll. Most of the mentioned people earned millions working for Bitcoin and are still working hard getting ETFs approved and spreading the word about it. Every person that owns Bitcoin becomes an employee at Bitcoin Corp. Everybody is rewarded for the work that anybody does, and everybody is incentivized to help grow the Bitcoin company.

submitted by ICODOG to Bitcoin [link] [comments]

r/Bitcoin recap - September 2018

Hi Bitcoiners!
I’m back with the 21st monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in September 2018
submitted by SamWouters to Bitcoin [link] [comments]

The Story of ICODOG, November Progress Report

Crashing through the support lines like a Boss
If you are reading this, then your awesome! ICO DOG started off as a simple twitter channel in January 2018. People started to follow the dog, because we provided useful insights into ICO investing and whitelist links. Back then people still had to race everyone else to get into these things, before they would dump hard. In February we then had the first guys asking us to make a telegram chat room for the community and use primablock to pool funds together to send to such projects. It was a very exciting time to see ICO DOG brand grow so organic. After that, the market crashed 20% every single day. That was a rough period. To be honest, the whole year was a stony road. Several people came together, that were very active in the telegram channel and formed a team. It was like a mini DAO. We had review & marketing guys, tech guys, lawyer team and all that happened by itself on Telegram. We build the first Presale Platform, created a cool UI for users introduced a level system to build the community and later even added master nodes. However, things just became more and bleaker. As Bitcoin fell closer to $3000 more people left and the group became silent. Sounds like a sad story right? Well, every good storyline has a downturn, followed by a boost of motivation to get through all the shit. A few months ago, we decided that the ICO space became a bit too scammy in 2018. We started to become more selective with the investment choices and eventually stopped pooling altogether. Pooling was about winning together, and it’s not fun if everybody loses. We started to look into other forms of revenue that we can build up to keep us over water until the bear market is over. What we love to do the most is community building, and community is the MOST important aspect of a decentralized network. The idea of blockchain was it to move from a centralized system to a decentralized one. This word decentralized is being thrown around on a daily basis although most people still do not understand what it means to change the architecture from centralized to decentralized. Most if not all big projects still have a very centralized structure going on with a few exceptions like Bitcoin, Ethereum & Steem.
Understanding decentralized Architecture
A decentralized architecture is fundamentally different to anything we know as of know. That’s also why it’s so hard to understand. Think of bitcoin as the first decentralized company. Let’s call it Bitcoin Crop. To help understand the Bitcoin Company metaphor, let’s say bitcoins properties are the products that this new decentralized company is producing. Common things said about Bitcoin is its decentralized, censorship resistance peer to peer money. These are often the terms used when people tell you why you should buy bitcoin. Bitcoin is the fastest growing asset of all time. Therefore Bitcoin as the first decentralized company is the fastest growing Company in the world, reaching an evaluation of over 300 Billion USD in less than 10 years. Although the Bitcoin Company is producing high-quality stuff, the products themselves are only as good as the sales, distribution, marketing and that where decentralized architecture kicks centralized companies ass. To make things even more complicated we now have to rethink what it means to be paid and to receive a salary. In a centralized company, build on the centralized architecture model, you work for your boss, who has a boss and that boss gets told what to do by some CEO who then has to take his others from shareholders. The money “trickles down” the food chain and by the time it reaches the bottom almost all of it is gone. Let’s compare this with the first decentralized company Bitcoin. In the Bitcoin company its a bit more complicated than that. In the early days of the company, if you want to work there, you actually have to pay the company first! Crazy I know! Think of it as some tribute to show your loyalty to the Network. The earlier you join, the less you have to pay, and the more of the company network you own. In the early days of Bitcoin Corp. most of the employees there were just engineers and a few crazy marketing guys. Things became a lot more interesting in 2013, when some important people started to work at Bitcoin Corp. People like the Winklevoss twins, Roger ver, Chamath Palihapitiya and many others bought a big share in Bitcoin Corp. and thereby earned the right to work for the Bitcoin. After that, Bitcoin Corp started to grow exponentially, because those new high-class employees had a lot of leverage and even more incentive to grow Bitcoin. The harder they would work the bigger the company would become and the more valuable there coins would be. This was the birth of the first decentralized payroll. Most of the mentioned people earned millions working for Bitcoin and are still working hard getting ETFs approved and spreading the word about it. Every person that owns Bitcoin becomes an employee at Bitcoin Corp. Everybody is rewarded for the work that anybody does, and everybody is incentivized to help grow the Bitcoin company.
Introducing a New Way of Doing Everything
A few months ago, we decided to build software to help ICOs build their own decentralized Networks. We called the system Proof of Engagement and called the Software the DAO Maker. Pun intended. Proof of Engagement is a concept that helps onboard new users and uses token bondage curves and community incentive to create an organic community of long-term token holders. We took our functions that we build to detect contributors in an ICO pool and combined it with our Point system to great a smart community program. The idea is that users can join the ICO before it starts and do community work, quizzes, and other services before the public sale ends. Once the tokens are unlocked, those users that joined the ICO will get their investment tokens + engagement reward tokens. Users can then continue to earn community bonus tokens monthly, but ONLY if they keep their ICO token in the wallet which they used for investing into the ICO. The monthly rewards increase with:
Time user holds the initially invested coins.
Time users hold their earned engagement tokens.
The total amount of tokens held by registered users.
The total amount of tokens user is currently holding.
Current users community level.
Monthly earned points.
All of these factors are added together, to give the exact value that a user will receive monthly. Put simply its a micro staking system, that rewards engaged users in tokens. The result is a dynamic token bonded community. People have incentives to build and help the network, the more experience that have the more tokens they will own, the more tokens they will earn. The system incentives loyalty and hodlers, while also makes it possible for new users to join the system and help the network to grow. For a deeper understanding on Dynamic Token Bonding Curves you can check out some publications on Token Economy here 
The best KYC & AML & CTF in Crypto
For the past months, we were talking to A LOT of KYC providers. We quickly came to the conclusion that most of them are scams. The state of Anti Money laundry in crypto is pretty scary. I lots of people will end up in court for violating the AML directives. Currently, most ICOs do not comply with KYC & AML laws. The EU currently requires to be compliant until the 4th EU AML directive, which will change in 2019. We are already compliant with EU AMLD5, which is not in force yet but already includes cryptocurrencies, we are a step ahead of the curve in the EU. Starting this week, we will introduce the new KYC & AML features on our Platform. We are using the newest system of machine learning to scan a users face and password as well as detecting an applicants voice, to generate a complete biometric signature of his application. We will be able to onboard KYC & AML application in real time and will be one of the first fully compliant with the new regulations of 2019. 
Updates to ICODOG Reviews
We changed the homepage for ICO DOG to show more crypto stories, reviews and post analysis. We are working on a more in-depth redesign for ICODOG.IO in 2019. We added a few new Blog sections namely, ICO Analysis and Post ICO Reviews and Crypto Stories. We want to take more time in 2019 to evaluate ICOs that concluded their Sale in 2017 & 2018. We are planning to make this a decentralized work effort with the help of Token Curated Lists (TCL). We will make a few posts about TCL in the next few weeks. ICODOG.IO is focusing on providing value-adding content, not the same stuff that the mainstream crypto outlets write about. This will be a really cool project that we are very excited to start next year and finish by end of Q1 2019. We welcomed 3 new writers to the ICODOG team and are trying to produce useful content every day.
New Partnerships & Business Development
Last month we Partnered up with several high-quality service providers as well as high potential ICOs. We will add all of the new partners on the Partners on the Partners tap of the updated website. Looking forward to building the new world with likeminded people.
ICO DOG Platform Upgrade 2.0
We been very busy and added a lot new feature on ICO DOG Investment platform. We are still in bug hunting so if you use the bug bounty tap on the platform to help us. We added some cool features that will make the life of many a lot easier. Automated twitter confirmation Users once a user connects their Twitter account in the profile section and starts generating tweets and retweets, these actions will be detected at midnight automatically. That means users do not need to click claim every day, but instead can earn points directly on Twitter. Reddit Automated Integration Users can now also join the Reddit campaign and generate threads and comments to spread the word about ICO DOG. We increased the team to help with the distribution of content among all the social media accounts. This should help you guys earn points quicker and easier as well as build a community on Reddit. For launching this new system we are increasing the points for reddit registrations by 3x. Ambassador Program We added an Ambassador Program for the ICO DOG community. We added Ambassador status to several people already that have been part of the community for almost a year and been working together through this bear Market. Ambassadors have special rights and access to social media accounts, discord reddit and will be informed about the latest updates.
ICO DOG COIN
We plan to introduce the ICO DOG Coin next year. This coin will be the fuel that powers all of the ICO DOG utility. Ambassadors will get monthly airdrops in the ICODOG coin depending on their contribution. Part of the revenue that ICO DOG will make goes into the coin via buybacks and token burns. As we are not raising any funds from nobody, the coin is cannot be considered a security. All new Features Summarized Following a few of the new features: + Upgraded pool system: – new wallet management – my pools is now a list (click the red sync button to update your pools) – record and track all the transaction you have sent, even from different address – improved overall working flow + Add reddit integration with auto check (it runs every day) + Weekly competition + Global real-time notifications + Two factor authentication support (Google authenticator) + Twitter with auto claim (it runs every day, no need to click Claim anymore) + Many other new features and bug fixes 
Summary
This year was rough, but we did not give up. The harder Bitcoin Dumps, the harder we work! Things could be better in terms of the market, but fundamentally ICO DOG is doing pretty good. We want to thank all those that have been with us on this amazing journey since the beginning. Crypto will change the world and we will help make that happen. If you like what we do please register on the icodogpool platform and shill this and other-other content! As always like, share and join discord & telegram.
https://icodog.io/crypto-stories/the-story-of-icodog-november-progress-report/
submitted by icocatapult to icodog [link] [comments]

The Earningsglobal Example

The Earningsglobal Example


https://preview.redd.it/ifxtmwlh2tv21.jpg?width=1833&format=pjpg&auto=webp&s=a1b536fb55d7f2e279f9318a129a1d408f9a2bef
I love the reality shown on cryptocurrency industry reports . My view is that many blogs are out there with a niche that can enlighten readers.
"A Bitcoin ETF can be likened to a normal ETF. The difference here is that the

underlying asset is the Bitcoin. With the Bitcoin ETF, you do not have to go

through the hassle of buying Bitcoin, storing it and securing it. All you need to

do is to purchase a Bitcoin ETF because it will be as though you are purchasing

Bitcoin itself. This is a lot easier than purchasing the coin.''

Again, it says, "However, as good as it sounds, it can only be put into use

when it becomes approved by the Securities and Exchange Commission, SEC.

In response to this, there are many exchanges which are now looking to be

listed or launched on USA’s financial instrument (the most anticipated of them

is the CBOE). Indeed, they are really waiting and hoping to be accepted on the

financial market. Some of these exchanges include the following: Winklevoss

twins Bitcoin ETF, CBOE which is backed by VanEck and SolidX Bitcoin ETF,

Coinbase, Direxion Bitcoin ETF, and so on''.


I recommend this website for the depth of research that can make you a better crypto trader.
submitted by oga120 to u/oga120 [link] [comments]

r/Bitcoin recap - September 2018 - V2

Hi Bitcoiners!
This is a reworked repost of the 21st monthly Bitcoin news recap. I'm testing out a new format where I list items by topic instead of date so they are easier to digest for the reader. I would love to hear your feedback! (on the categories, the new format vs. the old,...)
For those unfamiliar with these recaps, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in Bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in September 2018
Adoption * The Lightning Network surpasses 100 bitcoin in network capacity * Someone paying with bitcoin in Rovereto, Italy at a 20% discount * Someone pays for a car wash in Brisbane with bitcoin * The biggest block yet is mined at 2.26MB * Someone gets a speaker fee in bitcoin after speaking for developers at a bank * A Butcher shop in Venezuela accepting bitcoin * Someone’s story of travelling across 18 countries using 1 btc * Swissquote advertises Cryptocurrency trading on some office windows * People discuss how expensive bitcoin ATMs are
Development * Someone working on a 3D cryptocurrency trading interface * Someone set up their Bitcoin full node + Lightning Network node following a Github tutorial * A new Lightning desktop app by Lightning Labs * The release of the lnd v0.5-beta and C-lightning v0.6.1 * The future of Lightning by Elizabeth Stark * Someone created their own Lightning Network-powered Cola machine
Security * A Chrome extension got hacked and tried to steal private keys to cryptocurrency wallets * Someone tried to attack Slush’s Lightning Network node with a 12 bitcoin capacity * Google Play takes down misleading bitcoin wallets * Japanese exchange Zaif gets hacked for $37M worth of bitcoin * An important bug is discovered and gets patched in Bitcoin Core 0.16.3
Mining * A look into an illegal bitcoin mining operation in an abandoned power plant in Russia * Slush Pool introduces an open-source operating system for some of Bitmain’s mining machines * Samsung is planning to build 10nm Asic mining chips
Business * The Goldman Sachs CFO on speculation about the bank’s bitcoin trading activities * Coinbase is exploring a bitcoin ETF * Bitmain is now planning an IPO at 16% of their original size * Canada approves a bitcoin trust fund * Morgan Stanley offers bitcoin derivates to its clients * The Robinhood investing app is making millions by selling user data to HFT firms * Google ends its cryptocurrency advertising ban * Bakkt on its first Bitcoin futures contracts
Research * An analysis of $1B Bitcoins on the move * As the Lightning Network grows it will become more difficult to track its growth * A $193M bitcoin transaction for a $0.19 fee * A collection of articles and research on PoW’s efficiency * Bitcoin’s energy consumption in comparison to gold mining, paper money printing, the banking system and governments * Europol research shows that bitcoin has not been used to fund any terrorist attacks
Education * A Bitcoin explainer someone spent a year on * An infographic on merkle trees * A discussion on why it is unwise to use bitcoin for crime
Regulation & Politics * The legal status of Bitcoin globally * How Roman coins took hundreds of years to lose their value * US regulators approve Winklevoss Twins’ fiat-backed stablecoin * Hayek on taking money out of the hands of the government in 1984 * Some cryptocurrency businesses in the US have asked US congress to hurry up with regulation * The Prime Minister of Malta on blockchains and cryptocurrencies
Financial incumbents * The US and EU cut Iran off the SWIFT system through threatening SWIFT executives with criminal charges * Visa and Mastercard forced to pay $6.2B for over-charging on credit cards * The Danske Bank CEO quits over a $234B money laundering scandal
Price & Trading * The bitcoin price is at an all-time high in Iran * People discuss the bitcoin price
Fun & Other * A reminder that bitcoin can’t be eaten by the family pet * There is a Bitcoin ‘glyph’ in iOS 12 * Bitcoin posters in Brighton * Bitcoin from a teenager’s point of view * Bitcoin on who wants to be a milllionaire * Scrabble adds Bitcoin to its dictionary
submitted by SamWouters to Bitcoin [link] [comments]

Top Crypto Headlines of the Week

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Weekly Crypto Recap for the week ending July 27

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoMarkets [link] [comments]

Cryptocurrencies plunge for the week with Bitcoin still below USD$6,550, forecasters project 54% per annum growth in the Cryptocurrency ATM industry over 5 years and Coinbase explores launching a Bitcoin ETF with BlackRock

Developments in Financial Services

Regulatory Environment

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

One of the three Bitcoin ETF's will be approved

It sucks to say it but I don't think COIN will get approval. The Winklevoss twins haven't had success and it's been over three years now. At this point I don't think it's Bitcoin related but rather how the structure of their ETF that is holding up the SEC.
SolidX has a better chance than COIN in my honest opinion. GBTC has the best chance of being approved with their background, capability and proven ability. Although an ETF is completely different than GBTC, in the eyes of the SEC, the track record is very important.
I hope I'm wrong and COIN gets approval. If not I'm confident we'll have a Bitcoin ETF by year end 2018.
Murray Stahl
submitted by Bricearoni to Bitcoin [link] [comments]

Recap of What happened in the crypto market this week plus some great interviews with Crypto Influences in the space - ENJOY

Since the SEC rejected the Winklevoss twins proposal for a Bitcoin ETF, Bitcoin is down 22.4%. For the week, Bitcoin is down 13.48%.
https://www.getrevue.co/profile/Quantamize/issues/quantamize-issue-6-128806
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Bitcoin Futures Explained

This video details Bitcoin Futures - The reason behind Bitcoin's most recent surge higher! https://youtu.be/9RD1zaPXaiw CME - Dec 18th 2017 Nasdaq - Q2 2018
Liquidity Legitimacy Ability to Short Bitcoin - Traders waiting to short Bitcoin Bitcoin ETF – next Step - Ease and Liquidity - Winklevoss Twins “COIN” - SEC Reviewing again - 100,000 BTC Institutional Investor opportunity to get exposure to bitcoin - Traders love volatility. FOMO Taking out home equity – maxing out credit cards - Typical signs of the PEAK of a bubble.
submitted by CryptoLiveLeak to btc [link] [comments]

Weekly Crypto News Recap for the Week ending July 27

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

How Bitcoin leads to wealth decentralization and ends usury

Bitcoin and comparable cryptocurrencies will lead to a more equal global distribution of wealth. I will explain here how this will happen.
Imagine for a moment you mined 50,000 Bitcoin in 2009. If you still had them today, you would be very rich. Chances are however that you would have sold them by now. Why is that?
You mined your Bitcoin essentially for free. The type of person who spends his time mining cryptocurrency probably isn't a millionaire, as millionaire have more time consuming obligations (and the money to afford different hobbies).
So, you find yourself in the possession of something that could fulfill your dreams. By mid 2011, selling your Bitcoin would ensure that you receive 1.5 million dollar, enough to quit your cubicle-job and focus your life on the things you really care about.
You could continue to hold and hope you receive more money than you need to live a happy life, but why would you? Competing cryptocurrencies are emerging and the price is falling. Large media like Wired have announced the death of Bitcoin and nobody knows how much longer the system will last.
Any sane man would step out by the time he has enough money to be financially independent, to end his humiliation of working for someone else.
The only reason to hold onto your Bitcoin in such a situation would be because you don't really need the wealth anyway. However, even people who are already rich will eventually wish to led go of their Bitcoin. An example are the Winklevoss twins. They own 1% of all Bitcoin, but can't really sell them as they would crash the price. Thus they are forced to look for outside investors by creating an ETF.
The question you might ask is: "Why would I ever want to sell my Bitcoin anyway?" When enough people hoard their Bitcoin, a rival cryptocurrency system will eventually emerge. If the distribution of wealth in the Bitcoin system becomes too unequal, there is more reason for people to step into a rival cryptocurrency. Thus, there is a direct incentive for the richest Bitcoin owners to let go of their coins.
Bitcoin will not last forever, because when human greed gets out of hand, it destroys the integrity of the bitcoin financial system. The reason we never stepped out of the dollar, despite the obvious greed of our banking elite, is because we did not have such a choice. Rival currencies created by libertarians were centralized in nature, and always shut down by government. The only reason Bitcoin survives is because it can't be shut down.
What does this mean? The answer is that we have ended the misery created by usury, the practice of gaining wealth simply by owning wealth, which is the basis of our modern economic system. The poor are forced to go into debt, to go to college, own a home or receive medical treatment.
In previous eras, civilizations had the practice of Jubilee. Every few years, debts would be forgiven, and civilization had an economic restart, to prevent excessive concentration of wealth. In our new economic system, uncertainty is the great equalizer. Uncertainty forces people to take what they need, instead of pursuing maximum profit. Deflation forces people to spend wisely, instead of excessively.
Through peer to peer technology, we have created a new Jubilee festival. Bitcoin is the first Jubilee. The poor step into Bitcoin first. Eventually speculators follow, and finally banks follow. Thus wealth is redistributed from the top of the pyramid to the bottom. Finally, Bitcoin falls victim to our greed and another new alternative will emerge. The price of Bitcoin collapses, leading to a reshuffling of the global distribution of wealth.
The present day rulers depend on force to preserve the status quo. Their wealth depends on the dollar, and the dollar is backed by oil. Oil is sold in dollars, because the US government has the power to overthrow rulers who wish to sell oil in another currency. The US government gains this power by taxing their own citizens, which is made possible by poor people's inability to hide what little wealth they have. They did not count on the dollar losing its value because of people around the world abandoning it in droves.
The solution to our present day economic system is found in chaos, a state of order that emerges in the absence of control. The chaos of spontaneously emerging digital currencies will destroy governments, fortunes, banks and hierarchies that depend on force.
submitted by rational to Bitcoin [link] [comments]

The future of Bitcoin – a look at Bitcoin futures contracts five months on

It was a big moment for Bitcoin late last year when the Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME) launched the first futures contracts in mid December 2017.
It had already been a very big year.
Bitcoin’s meteoric rise from around USD$900 to almost $20,000 all took place over 2017, as fevered investors poured into the digital currency market for the first time. The Winklevoss twins, who had begun trying to launch a Bitcoin ETF in 2013, were knocked back in March 2017 by the SFC. Through that northern hemisphere spring and summer, well known analysts from the Wall St giants – Goldman Sachs in particular – started commenting on the coin’s price moves and making predictions. Retail investors kept piling in, pushing prices higher and higher.
When the imminent arrival of the futures contracts from the CME and CBOE was announced, many took it as the acceptance of Bitcoin into the fold of traditional assets. The price rose higher still.
Meanwhile, Bitcoin bears, with no way to bet against what they saw as a speculative bubble, could only stand on the sidelines. Until December. With the launch of the futures contracts, those who thought prices were unreasonably high had a way to make money by a fall in the digital currency’s value.
And that’s exactly what happened. Bitcoin hit its all-time high the very day the CME futures contract launched. And then Bitcoin prices began to fall. Coincidence? Academics from the San Francisco Federal Reserve don’t think so. In an Economic Letter published earlier this month, they said:
The rapid run-up and subsequent fall in the price after the introduction of futures does not appear to be a coincidence. Rather, it is consistent with trading behavior that typically accompanies the introduction of futures markets for an asset
For Bitcoin bulls, this could actually be a very good thing. The more institutional investors see digital currencies behaving like more traditional asset classes, the more comfortable they will be and the further digital currencies will penetrate into the overall financial ecosystem.
https://www.independentreserve.com/News/Industry/The_future_of_Bitcoin___a_look_at_Bitcoin_futures_contracts_five_months_on
submitted by IR-Nikola to independentreserve [link] [comments]

The Winklevoss Twins Bitcoin ETF Was Just Rejected -- Heres Why It Matters (current BTC/USD price is $8257.1)

Latest Bitcoin News:
The Winklevoss Twins Bitcoin ETF Was Just Rejected -- Heres Why It Matters
Other Related Bitcoin Topics:
Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
submitted by coinsaladcom to CoinSalad [link] [comments]

The Winklevoss ETF is a f****** joke !

The Winklevoss ETF is a joke, 4 years waiting for 20mio$ - 0.1% of the actual market cap, yes or no it doesn't change anything ! I don't even understand why would people get exited about it sick.
http://www.nasdaq.com/markets/ipos/company/winklevoss-bitcoin-trust-909930-72927
And twins surely already have the necessary fund in btc since 2011 so their 20mio$ initial as become 200mio$ and etf is just a way for them to dump coin, cashout gain while making price skyrocket out of religious belives of hodlers.
The amount distributed by the ETF will be 20 million $.
Which is ridiculous compared to power of bitcoin at the moment.
I don't even understand how people can use this as speculative info...
20kcoins is 1 or 2 day volume on kraken shouldn't have any impact on the btc price if people were not guided by 'stupid and religious like hodler believes'.
submitted by Ilansky to Bitcoin [link] [comments]

SEC Orders Review of Winklevoss Bitcoin ETF Rejection

SEC Orders Review of Winklevoss Bitcoin ETF Rejection. http://www.coindesk.com/sec-orders-review-winklevoss-bitcoin-etf-rejection/
Pego un hilo de reddit donde se esta también discutiendo: https://www.reddit.com/Bitcoin/comments/67hki0/winklevoss_coin_etf_decision_being_reexamined_by/
Y dos opiniones al respecto:
submitted by bmbnct79 to btces [link] [comments]

Cboe Request to Launch Winklevoss Bitcoin ETF Rejected by SEC (current BTC/USD price is $8002.73)

Latest Bitcoin News:
Cboe Request to Launch Winklevoss Bitcoin ETF Rejected by SEC
Other Related Bitcoin Topics:
Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
submitted by coinsaladcom to CoinSalad [link] [comments]

5 Reasons The Winklevoss ETF Will Send Bitcoin over 10,000+

http://bitcoinpricelive.com/bitcoin-etf-5-reasons-the-winklevoss-bitcoin-etf-will-send-bitcoin-to-10000/
The Winklevoss Bitcoin ETF is set to go online at the end of 2014. You might remember the Winklevoss twin brothers from the movie The Social Network where they sued Mark Zuckerburg and Facebook to win 50 million dollars. Since then the twins have moved on to start a Bitcoin ETF named the Winklevoss Bitcoin Trust. Once it begins trading, expect the price of Bitcoin to soar to over $10,000.
Here’s 5 reasons why:
  1. Wall Street Money Will Flow Into The Bitcoin ETF. As soon as a person can go to their brokerage account, type in the symbol COIN and buy now, it will put upwards pressure on the price of Bitcoin. There are many wealthy investors who would like to get into Bitcoin but they feel uncomfortable that Bitcoin is not in their name, that they need to backup a wallet, and they need to keep their computer virus free. The Winklevoss ETF will allow the average wealthy investor who is a not technology expert to put large amounts of money into Bitcoin.
  2. The Winklevoss ETF will be promoted as currency diversification on Wall Street Bitcoin is already being regarded by Wall Street as a new currency. The US dollar, Euro, and Yen have been undermined as a store of value. It will be advertised to clients as a high risk, high reward alternative currency.
  3. Trading of the ETF will only be open during stock market hours The COIN ETF can only be bought or sold during the NASDAQ market is open in the United States. This means that the Wall Street investor will only be able to access Bitcoin trading from 9:30 AM EST to 4:30 PM. During this time period, there will be increased volume and more news released about Bitcoin. In the downtime there will be massive speculation about where the Bitcoin ETF will open and for what price. There will be discrepancies of the price between Bitcoin exchanges and the Bitcoin ETF.
  4. Liquidity in Bitcoin markets will increase dramatically. There will be many more Bitcoins trading hands on a daily basis as the Bitcoin ETF will be required to allow shorting as well. This means that investors can bet that Bitcoin will go down as well. When the Bitcoin ETF opens, it will be much easier for Bitcoin Bears to bet that the price will go down. However, this is good for the price of Bitcoin as it will allow investors to bet both sides of the Bitcoin, increasing Bitcoin transactions
  5. The Bitcoin ETF is required to buy additional Bitcoins Details of the Winklevoss ETF reveal that as more money flows into their trust, they are required to buy Bitcoins. Since the supply of Bitcoins is limited, this means they will have to buy from exchanges or over the counter purchases. Recently, the Winklevoss Twins announced they would pay in Bitcoin to go to space via Richard Branson’s Virgin Galatic.
Expect the price of Bitcoin to go space as well!
submitted by rampageEesti to BitcoinMarkets [link] [comments]

Bitcoin ETF News - Winklevoss Twins & Japan [Bitcoin Technical Analysis] The Winklevoss twins talk Bitcoin futures and fears Winklevoss twins explain the future of Bitcoin - RobGroove Crypto #1 Did CNBC manipulate the cryptocurrency market?  Fake, Fact or Fiction  Episode 24 Bitcoin ETF Drama & Brock Pierce's Puerto Rican Vision - BTC Crypto News

Bitcoin BTC ETF is nothing but an Exchange Traded Fund whose underlying asset is Bitcoin. In Bitcoin BTC ETF 101, we discuss the implications of this ETF . The twins are wealthy. It has been estimated that they stand near to the inventor of Bitcoin, Satoshi Nakamoto works respect to the number of Bitcoins they own. According to estimates, the On June 26th, 2018 the SEC received an application for a Bitcoin ETF license from the Chicago Board Options Exchange (Cboe) in partnership with Van Eyck Investment and SolidX. The SEC recently published the file and investors and crypto-enthusiasts now eagerly await their decision. The news comes in response to a request by Bats BZX Exchange Inc. filed a proposed rule change with the SEC to allow to list and trade shares of the Winklevoss Bitcoin Trust. Earlier, in February 2017, for the first time the SEC had rejected twins’ bitcoin ETF due to anonymous nature of BTC markets. The disadvantages of a Bitcoin ETF. The main disadvantage of the ETF lies with the fact that the investment trust of the Winklevoss twins which issues the ETF currently doesn’t have insurance for investors’ money in case their coins are lost or stolen. SolidX on the other hand does supply insurance (but will be approved/rejected on a later A Bitcoin ETF, such as the one proposed by the Winklevoss twins, would have the digital currency bitcoin as an underlying asset. That means that by purchasing a bitcoin ETF, an investor would be indirectly purchasing bitcoin, as he or she would be holding the bitcoin ETF in a portfolio as opposed to the actual digital currency itself.

[index] [15909] [18520] [23617] [29017] [1482] [29154] [3150] [2847] [22236] [5818]

Bitcoin ETF News - Winklevoss Twins & Japan [Bitcoin Technical Analysis]

Some offer lots of different coins but have questionable security. ... As Bitcoin Roars Into 2020 The Winklevoss Twins Make Wall Street ... Cameron & Tyler Winklevoss - Gemini, Bitcoin, JP Morgan ... Bitcoin ETF News - Winklevoss Twins & Japan [Bitcoin Technical Analysis] Bitcoin James. Loading... Unsubscribe from Bitcoin James? Cancel Unsubscribe. Working... In 2011, the Winklevoss twins, known for suing Mark Zuckerberg over the idea of Facebook, invested $11 million into Bitcoin. That's now valued at more than $1 billion. The Winklevoss Twins Add Ether to Bitcoin Exchange - Duration: 4:56. Bloomberg 27,139 views. 4:56. Cyclist berated by CNN’s Cuomo speaks out on ‘Tucker Carlson Tonight’ - Duration: 8:11. Cameron and Tyler Winklevoss sit down with John Biggs to discuss Wall Street's attitude toward bitcoin, their new bitcoin exchange, and their bitcoin-based exchange traded fund. Subscribe to ...

Flag Counter