If the Bitcoin ETF gets approved... it's gonna be yuge dude...
Bitcoin ETF to be approved(?)
Isaac Flores
Brandon Flores
Buttcoin is a huge fucking bubble and a pyramide scheme. Everybody is buying bitcoins but they never intend to use them to actually buy anything. They just get them expecting to sell it to the next sucker coming along.
Jose Jenkins
lol no dude hahaha
sry but u r wrong bud
basipally u r wrong
Christopher Peterson
I'm hoping it will be, the amendment posted a few days ago suggests the chances are going up.
PBOC stopped withdrawals in China, the price has stayed the same, only went down a bit, right back up.
The Winklevoss ETF will be launched with a price of 10 dollars for a 0.01 share of BTC, which comes out to 1000 per BTC which is what we are sitting at now.
What do you think OP?
Robert Morales
If you think about it as the electricity costs that go into mining it, it's almost a currency that is backed by the price of electricity.
Kind of out there explanation but I can explain it better if you want.
Ignoring my electricity argument:
It may be a bubble/pyramid scheme in the traditional economics way of looking at it.. But traditional economics/definitions are not applicable to BTC, because it is based on completely new technology that could not have been anticipated.
Easton Flores
I'm hoping it will be too, the markets seem optimistic. It's going to be big news if the Winklevoss twins pull this off. They're going to be heroes.
I just can't imagine the Bitcoin ETF being approved though. I was reluctant to buy at around the 1000 mark, but it's getting pretty tempting.
Xavier Parker
Now that's proper memeing, fellas.
Adam Perez
Can somebody give me a quick rundown of these two?
Dominic Moore
Just pick a number below 1000 that you are comfortable with and buy when it hits that. Or wait until right when the approval announcement comes out and buy and sell quickly while it is bubbling, then save that money and buy when it levels out. That's my plan.
Alternatively if it is not approved, I'll buy the "crash" that will happen, because it will only be temporary.
Local Bitcoins volume over the past year is climbing and going through the roof, other countries are buying.
Iran is ditching the US dollar in March. Donald Trump's website mentions stopping remittances to Mexico... There is too much bullish shit going on.
The ETF will be good for making quick cash IMO, whether it is approved or not.
Landon Brown
In regards to BTC: they own a substantial amount of it.
They came to fame with suing/being sued for facebook which I don't really know the story of, don't really care either.
They also were in the Olympics. Pretty much two smart as fuck guys who are amazing investors.