/biz/ - Business & Finance

Are these like the Bogdanovs of /biz/

Their exchange Gemini trades Ethereum and bitcoin.

>>1832937
no, the world is not run by twins, stop asking.

>>1832932

If by a good chance you mean the opposite, then yes there is a good chance the etf will be approved

can anyone give me the quick rundown on these guys

>>1832932
twins creep me out

a war is coming for the title of gods

What do you guys think potential gains could be if approved? % wise. Also even if it isn't appoved, are we really expecting BTC to take that big of a hit from it?

Do you have a single fact to back that up?

>>1833508
Check em.
Bloomberg did a pretty optimistic article back in November about it. Mentioning BTC is actually more stable than 30+ other ETFs that were approved. As well as, why would you wait until the last minute to decline it?

>>1833559
>59
>Check em.
59 is what ass to mouth?

I'm hoping this is not approved and then tanks so I can buy cheap bitcoin

>>1833494
If approved, anywhere from $2000 to $10000+

If rejected, pic related.

>>1832932
good chance? pic related

it should be a basket of cryptocurrencies, not just bitcoin

>>1834200
>odds
But who was brexit, but who was trump

>>1834200
>february 21st
>small market on bitmex
>fluctuated up to 70% on bitmex with small order

>>1834200
Brexit and Trump happened this year so i may take a risk and buy a coin then sell when it hits 10k

>>1834200

>Donald Trump will never be elected president
>Odds makers place his chance of winning the presidency at 2%

Didn't these two invent Facebook before Shekelberg stole the idea and sold it as his own?
I like em' both anyway. They're alright in my book.

I only have like $400, is it worth buying BTC and will I gain something from it?

>>1834246
They will redeem themselves by being bitcoin moguls as facebook vanishes into irrelevance. Cuckerberg will cry.

>>1834249
Of course. Gains are gains friendo.

>>1834243
>>1834213
>>1834208
Last summer I flipped a coin 10 times and it landed on tails 10 times, so I should definitely bet all my money on that happening again

bitcoin is due for a retracement, its highly probable that it will continue to go up but the current push is too fast and unsustainable, just like that last spike, it will bounce down before going any further so I would wait until the sellers have exhausted themselves

The ETF will be declined and Bitcoin will crash 60%. Screenshot this.

buy on rumors sell on news when will you fuckers learn

What's the best way to get a notification on my phone the INSTANT the ETF is decided?

>>1834410
put it all on red faggot!

>>1834461
I was just thinking this. I got on my twitter for the first time in years and followed everything BTC related.

78 times $20 times ETH coins you bought = moon mission 2017 ala bitcoin circa 2013.

>>1834461
Just set up take profit buy order for, lets say, 1200€ per piece

>>1834585
sorry, stop loss buy

>>1832932
Still waiting for the phone call that will save Bitcoin

LADS

Do I buy more before the announcement skyrockets, or do I wait to buy the dip after the announcement?

>>1834655
wait for the cra-I mean dip.

>>1834655
Thats the big question

>>1832932 literally a win win for eth
ETF news should get things going either people will create the btc eth flippening or they'll just think if btc got one then corporate backed Ethereum surely is next and either one is a moon scenario for ETH.

>>1834665
For you.

>>1834199

I missed the dip in January like a mongoloid, I want in when the etf rule change doesn't get approved

>>1834291

Wrong board
>>/fit/

>>1832932
>>1835006

You're aware that Gemini is bound by BSP / AML laws.

Removing the anonymity and secrecy of Bitcoin is counter-intuitive in my opinion because once it's fully assimilated with the open market it's just like any other investment vehicle.

Anyone can start BTC ETF with exactly the same safeguards, virtualized. What's the point of BTC then?

source: https://gemini.com/bsa-aml-policy/

>>1832932
i will not buy but maybe i will bite my ass of in 40 years when i old

>>1834585
Who is going to be buying BTC when the ETF gets rejected?

>>1833340

Sued Facebook. Lost.

Now they're trying to make it in wallstreet.

>>1835064
Maybe. Why the hell would any investor buy when it's at an all-time high? The average investor is stupid. I expect bitcoin and Eth to drop before I buy. This will happen very soon.

>>1834585
>>1834592
You could set up a stop gain at, say 4% increase (Not sure if this is a word) and a stop loss at, say 20% decrease to take advantage of either scenerio

>>1835073
5% stop loss. 20% is too much.

>>1835078
>selling BTC
>ever

>>1835067
>lost
they settled out of court lmao so they won

>>1835078
Sorry I worded that bad, I meant to set up something to buy Bitcoin on a 20% drop, to catch the fall in the case of at denial of winkelvoss

>>1835169
What if it rises 5% in anticipation and then drops, seems pretty plausible.

Might just take a vacation day desu.

>>1835169
Well you can't order a buy stop or buy limit until it is a publicly traded stock. If it gets denied, you won't have this option.

there have been bitcoin etfs for years already, nothing new. 1350 stands resistance

Ethereum = Skynet

its priced in already. If it's approved 5-10% increase AT BEST.

If it doesn't get approved 25-50% plummet

>>1835064
Thats the point, cupcake. ETF approved? Price shoots up, triggering your stop loss buy. ETF rejected? Stop loss never gets triggered cause the price is going down.

>>1835397
wrong. fake news

>>1835368
in japan or something?
i haven't heard about this

>>1832932
https://www.youtube.com/watch?v=-0kRLvpDBSY

>>1835192
Poloniex let's you.

>>1834410
You need to consider if maybe both sides of the coin are tails.

Just bought 2.5 BTC

Bought 2 weeks ago @900 EUR/btc now this shit. /biz/ said 10.000$/btc lets see

>over 1k for one btc

I don't have that money

>>1836421
You can buy fractions of a Bitcoin.

>>1836423
I see.. do you use coinbase?

>>1835110
>100 million dollar settlement
>vs
>Facebook 25billion annual revenue
>
>
>
>won

ok.....

>>1836431
I do. I don't really care either way myself but people on here say Coin base shares their info with the man.

>>1834213
>>1834208
>brexit and trump happened
>therefore things with a low probability of happening have a high probability of happening

Are you mathematically challenged?

>>1836451
There is "math" beyond your understanding and language goy. Ever think about that?

Fucking atheists and their autistic understandings of reality.

Guess what? I'm gonna have a million dollars in a couple years. You know why? Faith.

Praise KEK

>>1836371
If the ETF is approved we will see 10k easily,if its not approved there will be a dip but we will climb back up.

Where will you guys go to hear about the ETF anouncement?

Does any news channel report this stuff live? I want to be able to buy/sell as soon as the news is anounced

>>1835397

This. The price is jacked up a lot, too much even.

>>1835397
>>1836586

I think what's priced in is a rejected ETF and panic-transfers of BTC into ETH. ETH winds up benefitting simply because it's #2 without a #3 in sight and is sure to siphon a good amount of the confidence lost in BTC. Conversely, if BTC continues to defy the odds and actually gets approved, it's a feather in the cap for crypto in general and ETH lifts along with all the other boats in the rising tide of crypto confidence.

I think either way, right now, sub-$25 ETH is a definite buy.

>>1836539
seconded

9/10 times I'll say BTC is the safest, surest buy in crypto. But with this huge binary event looming, there's no fucking way I'd buy it right now. It's an enormous gamble. We could wake up to $100 BTC or $5000 BTC. That said, if I already held BTC (and mayyyyyybe I do)...I'd sell enough to cover my original stake and hold the rest hoping for a moon. But do I pump fresh money into it until the ETF decision? Fuck no. Be smart and position yourself to benefit either way it goes, then you won't have to worry.

>>1833494
anticipation has been so high there's no room left for natural spikes, nothing will happen suddenly because of so many people shorting towards that same date

it's likely more than those who would jump on btc etfs

I had a glimpse of the future ! I saw a post from 14MAR2017
"
>Brexit
>President Trump
>ETF approval
Best time line ever!"

What will they mean by this?

The winklevoss twins are fucking chads. I bet they wake up every morning and compliment each other on how georgeous and successful they are.

>>1836668
kek

"yeah bro we are such good looking"
"and rich"
-ty slaps cam on the ass-

winklevoss are the antizucks

privacy for all

>>1836668
gemini is one of the smoothest most responsive websites I've used. Chads are good at everything.

>>1836668
>>1836677
>>1836683
>>1836686
they're like hitlers dream vs rubbinghandsguy

>>1836637
>position yourself to benefit either way it goes
The only way to benefit is to be exposed, and that puts you at risk

>>1836606

>thread is about bitcoin
>bitcoin is up because etf hype
>says people are actually selling btc for eth
>doesn't make any sense

eth shills are the best

>soldallmybtcformETH

kill me

Should I drop 5k into ETH?

>>1837495
only if you want to get 50k out of it in 1-2 years

entry impasse

BTSC?

>>1834461
I have a google news alert for COIN ETF and Winklevoss ETF set up but that's for email only. You could probably set it up to send to your text messages.

>>1834461
I can send emails to my phone by emailing to phonenumber@mms.att.net. I set this up as an alternate email in google and then told it to send google news alerts there for news about the ETF.

Dunno how you do this on other carriers.

>>1832932
thinking about making this my yolo and taking out all my roth and cash money

>>1837837
>all time high
>bull run for a year
>just before big news
>hmmm better go all in on this

But be ready to buy the dip

>>1835397
>>1836586
>its priced in already

Lol how would that even be possible when you can't even buy into the ETF yet?

>>1838074
Anticipation. Many people just bought their first every day this week.

However, we are NOT in a bubble. Bitcoin will never come down below 5000 after this

>>1838074

>being this retarded

Also there is more chance it doesn't get approved, and there will be a beautiful dip/correction when it happens.
People buy rumors, and you better sell the news.

So when are you guys selling?

Don't want to be caught bag holding

For those asking about instant SEC updates check the bitcoinmarkets subreddit there is a thread there.

Chances are she falls to around 1k on news it failed (if rejected) almost instantly and assuming you are selling on an exchange you'll probably catch the bottom so I wouldn't bother as I'll explain below:

My advice would be to dca from a few hours after when dust has settled. I view this as a win / win. If you like btc you have a good haul already so your stash rises in value on approval. If it's rejected you can get more. If you don't have btc by now then you're either a trader or technologically illiterate.

Good luck friends. Buying ETH was a good backup as failure = btc money moved to eth (as well as fiat) so price shouldnt fall as much as a % compared to btc and approval means ETH ETFs are likely next. Unfortunately I worked that one out too late and missed the run to $20.

Monero is the only truly fungible cryptocurrency available and now people are getting caught on DNM through Bitcoin. Monero is the answer:

http://www.praisemonero.org/

>>1833340
They rule france with an iron but fair fist

>>1834246
delet this

Any suggestions on how I can turn my bitcoin back into fiat outside of Coinbase? Bitstamp is asking for a tin and I don't want to give Slovenians (or anyone else, really) my ssn. It won't take my business EIN, either.

>>1833508
let me give you a quick rundown.

Positive or megative news about the ETF will send ETH higher in the market. How to pro-activly deal with this is to buy eth now, cash out bitcoin tomorrow, wait for the news. If approved buy INSTANTLY, you will still profit. If non approval buy at the dip/crash anslow and steady climb it back.

>>1839652

>>1838378
>Many people just bought their first every day this week.
Yes, but not through the ETF.

>>1838914
>Also there is more chance it doesn't get approved, and there will be a beautiful dip/correction when it happens.
I agree, but you're retarded if you think tons of people aren't going to be buying the ETF if it does get approved.

>>1836444

>call a lawyer
>?????
>$50 mil has been deposited into your account

Wish I could lose like that.

Okay.... the longer they put off the decision the better I feel it's going to be approved. Anyone else feel this way? I'm thinking about waiting until Thursday night and longing the fuck out of it. Am I retarded or autistic?

>>1832932
The winklevoss bitcoin ETF meme has literally been around since 2013 and is going to have little effort on long term BTC growth, as always.

>>1841078

There is always something like this with Bitcoin. There's always some imminent event that's going to have a drastic effect on BTC. Outside of some country's economy tanking, none of them really seem to have effect. This ETF story sounds like typical hype to me. But I'll be thrilled either way.

Bitcoin went from 400 to 1200 because china said you could only take out 50,000$ a year. It literally i inflated purely because it's being used to funnel money out of China and China is already inventing their own coin.

Bitcoins future is bad, you losers missed the 1$ to multiple hundreds of dollars jump, so you're holding onto this complete fantasy.

Remember where you are.

>>1841115
>Remember where you are.
The growth is real, faggot

You can't argue with sustained all time highs

>>1841115
People were saying this about the cents to dollars jump too.

How many normies do you know who have ever owned bitcoin?
There's your growth potential.

>>1842306
>How many normies do you know who have ever owned bitcoin?
well i bet some very few people collect used condoms doesn't mean it will be a widely adopted hobby and used condoms price will skyrocket.