Trading Crypto currency

[YaTingPom]

I've been reading about a proposal to start a Bitcoin ETF (*Exchange Traded Fund) by the Vinklevoss Bros (The ones who tried to take control of Facebook) which was rejected in March 2017. It is being reviewed by the SEC (* Securities Exchange Commission) and all insiders - both negative and positive - think it is inevitable that someone (there are multiple groups trying to set up a crypto ETF) at sometime will get an ETF approved.

That means that the relatively small market cap that Bitcoin has could be huge within 12 months. This will no doubt boost the price of Bitcoin, if it gets approved, but some say that it has already been priced in.

If there is a financial crash within the next two years then even if you do not own Bitcoins you will be effected.

Here are some links for and against.
https://99bitcoins.com/winklevoss-bitcoin-etf/

http://www.etf.com/sections/features/23 ... nopaging=1




* ETF - This means that anyone who trades (Stocks and Shares) will be able to invest in Bitcoin (including large institutional investors - Blackrock, Vangaurd, Social Security Trust Funds!). It will also eliminate the need for storing and securing your Bitcoins since you don’t own the currency itself. Kind of defeating the object of the blockchain.

*In 2004, the US Securities and Exchange Commission relaxed the net capital rule, which enabled investment banks to substantially increase the level of debt they were taking on, fueling the growth in mortgage-backed securities supporting subprime mortgages. The SEC has conceded that self-regulation of investment banks contributed to the crisis.

[DetroitMuscle]

I've been reading about a proposal to start a Bitcoin ETF (*Exchange Traded Fund) by the Vinklevoss Bros (The ones who tried to take control of Facebook) which was rejected in March 2017. It is being reviewed by the SEC (* Securities Exchange Commission) and all insiders - both negative and positive - think it is inevitable that someone (there are multiple groups trying to set up a crypto ETF) at sometime will get an ETF approved.

That means that the relatively small market cap that Bitcoin has could be huge within 12 months. This will no doubt boost the price of Bitcoin, if it gets approved, but some say that it has already been priced in.

If there is a financial crash within the next two years then even if you do not own Bitcoins you will be effected.

Here are some links for and against.
https://99bitcoins.com/winklevoss-bitcoin-etf/

http://www.etf.com/sections/features/23 ... nopaging=1




* ETF - This means that anyone who trades (Stocks and Shares) will be able to invest in Bitcoin (including large institutional investors - Blackrock, Vangaurd, Social Security Trust Funds!). It will also eliminate the need for storing and securing your Bitcoins since you don’t own the currency itself. Kind of defeating the object of the blockchain.

*In 2004, the US Securities and Exchange Commission relaxed the net capital rule, which enabled investment banks to substantially increase the level of debt they were taking on, fueling the growth in mortgage-backed securities supporting subprime mortgages. The SEC has conceded that self-regulation of investment banks contributed to the crisis.

Good post. Just to piggyback, I am pretty darn sure the Vinkle twins already run a bitcoin/Ethereum exchange, where you buy, sell and trade coins. It's US based and called Gemini. One if the more popular exchanges. I can't use it becayse it's not available in Arizona or Wisconsin. Doh.

I got in early on Waltonchain token. Using the block chain with RFID technology to streamline logistics among Chinese factories.

[Phuket2006]

can now buy in Thailand using ur thai bank..
https://coins.co.th

[TristranandIsolde]

I heard the Cambodian government is trying to leapfrog into modernity, and establish a bitcoin exchange here?

Real legislation into bitcoin in Cambodia?

True? What direction are they taking?

Cambodia, a bitcoin haven with it's own bitcoin bourse? Really?

[Phuket2006]

Before u invest

Podcast:
https://www.forbes.com/podcasts/unchained/#729c9ba35b4f

Blogs:
http://stansberrychurchouse.com/categor ... urrencies/
https://muckrack.com/laurashin/articles
https://www.cryptocoinsnews.com/

[YaTingPom]

Startups are getting funding from bitcoin holders. This does away with traditional funding mechanisms without due diligence. It's like Crowdfunding but with more capital. (Anyone for Lily drones?)

It's interesting you use the word "investment". Most fans of crypto (and in particular Bitcoin) go to great lengths in explaing the technology behind it (block chain), the decentralised ledger that no one owns (which begs the question why do these people certify each transaction for free?) and it's the future of currency blah blah.

They are in it to make cash profits. Most don't give a rat's arse about the "future" just as long as the price goes up!

It'll end in tears. (not necessarily because of crypto but because of the debt ridden economies)

[DetroitMuscle]

Startups are getting funding from bitcoin holders. This does away with traditional funding mechanisms without due diligence. It's like Crowdfunding but with more capital. (Anyone for Lily drones?)

It's interesting you use the word "investment". Most fans of crypto (and in particular Bitcoin) go to great lengths in explaing the technology behind it (block chain), the decentralised ledger that no one owns (which begs the question why do these people certify each transaction for free?) and it's the future of currency blah blah.

They are in it to make cash profits. Most don't give a rat's arse about the "future" just as long as the price goes up!

It'll end in tears. (not necessarily because of crypto but because of the debt ridden economies)

There are a hundred different coins being traded not only Bitcoin or Ethereum. Bitcoin is straight up created to be a currency. Most of the rest are created to utilize block chain technology. Ethereum, for example, was never created to be a currency, but rather as "fuel" to execute smart contracts.

Waltonchain is created to utilize RFID technology in Chinese factories. I'm not invested enough to explain any of this well.

With a lot of tokens, people who hold large amounts of said coin are set up as Master nodes. Their job is to certify transactions via a computer in return for a small commission. The whole decentralized idea seems to mean that transactions on the block chain are verified by other users, not manually, I'd think but via their computers and code.

Bitcoin has been around for a minute now, I don't see how it will end in tears. All the other coins, some with major banks and corporations getting involved/backing. I don't think it's as easy as saying world economy/debt will bring them down. Wasn't Bitcoin created to be decentralized so any major economy won't affect it too much?

I'm on the lookout for new coins popping up. It's fun getting in early especially when you have profits from others to hedge your risks against.

I'm up 250% on my Ethereum.

Hoping waltonchain takes off.

[hussamabd]

if someone want to know more info about ethereum try to read this article under name Should I Invest in Ethereum
https://thoughts4spread.com/should-i-in ... tment-not/