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Offline luckybit

Bitcoin about to be traded OTC
« on: March 26, 2015, 01:59:50 PM »

http://www.reddit.com/r/Bitcoin/comments/30cx99/gbtc_is_now_green_yesterday_was_pink_and_defined
/

Quote
While the competing Winklevoss Bitcoin Trust is going through a lengthy Securities and Exchange Commission process to register a formal exchange-traded fund, the BIT has taken a backdoor route to public listing.

http://www.wsj.com/articles/bitcoin-investment-trust-gets-finras-ok-to-become-public-bitcoin-fund-1425242094

Money is about to pour in. We've been waiting to hear news like this since 2013 and we may be at a tipping point.

Once Bitcoin is listed it can be treated like and marketed as if it's a stock. To put it into context Facebook market cap is 237 billion dollars http://ycharts.com/companies/FB/market_cap

Facebook is just a social networking company.

If Bitcoin has a market cap similar to Paypal http://heavy.com/tech/2013/12/how-much-bitcoin-worth-value-btc/
« Last Edit: March 26, 2015, 02:05:15 PM by luckybit »
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Offline luckybit

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Offline oldman

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Re: Bitcoin about to be traded OTC
« Reply #2 on: March 26, 2015, 04:46:49 PM »
Yes, this is the start of the $100k run.

A new asset class opening up to trillions in hot money starved for yield/return just as the equity and bond markets are stretched to the breaking point.

At some point in the near future everything paper, and I mean everything, is going to correct sharply. Business cycle is ending and fundamentals/macro are deteriorating. Smart money started moving to cash a year ago.

Folks are going to be absolutely stunned at the rise of BTC over next two years.

Offline lil_jay890

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Re: Bitcoin about to be traded OTC
« Reply #3 on: March 26, 2015, 04:49:32 PM »
Yes, this is the start of the $100k run.

A new asset class opening up to trillions in hot money starved for yield/return just as the equity and bond markets are stretched to the breaking point.

At some point in the near future everything paper, and I mean everything, is going to correct sharply. Business cycle is ending and fundamentals/macro are deteriorating. Smart money started moving to cash a year ago.

Folks are going to be absolutely stunned at the rise of BTC over next two years.

And hopefully bts can outperform btc during the same time period. :D

Offline oldman

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Re: Bitcoin about to be traded OTC
« Reply #4 on: March 26, 2015, 04:55:26 PM »
Yes, this is the start of the $100k run.

A new asset class opening up to trillions in hot money starved for yield/return just as the equity and bond markets are stretched to the breaking point.

At some point in the near future everything paper, and I mean everything, is going to correct sharply. Business cycle is ending and fundamentals/macro are deteriorating. Smart money started moving to cash a year ago.

Folks are going to be absolutely stunned at the rise of BTC over next two years.

And hopefully bts can outperform btc during the same time period. :D

Until today I would have responded by saying BTS will lag BTC for years because of the BTC network effect, but that BTC wealth looking for yield will be the primary driver for BTS market cap over the same period.

However, with this insanely genius idea BTS could go viral and eclipse BTC in short order:

https://bitsharestalk.org/index.php?topic=15265.0;all

Apparently implementing is technically feasible and if implemented BTS would be unstoppable.

Offline Pheonike

Re: Bitcoin about to be traded OTC
« Reply #5 on: March 26, 2015, 06:12:58 PM »
Put on your seatbelts on....



 

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