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Bitcoin blow as fund drops U.S. exchange application

reuters.com

41–50 of 77 posts

Re: Bitcoin blow as fund drops U.S. exchange application

#41
post #32

To get live data from ICE--the exchange that withdrew the request--I'm currently paying a broker $120/month. By comparison, just about every crypto exchange currently offers push feeds and historical data for free. In most cases you don't even need to sign in. In some sense this is a measure of the immaturity of crypto markets. But it's also a reminder that with main institutional players moving in, the barriers to e…

Given the volume of data from ICE, $120/month is reasonable. I don't think they price data to profit from it -- just to ensure their systems are used by serious actors.

Re: Bitcoin blow as fund drops U.S. exchange application

#42
post #18
post #14

Earlier quoted context omitted.

As someone involved in this stuff since 2011, the constant "death of Bitcoin" predictions are sooooo tedious.

getting the timing right is pretty much next to impossible. this does not change the fact that it will ultimately end that way.

Things that enable previously impossible use-cases don't just go away.

Re: Bitcoin blow as fund drops U.S. exchange application

#43
post #32

To get live data from ICE--the exchange that withdrew the request--I'm currently paying a broker $120/month. By comparison, just about every crypto exchange currently offers push feeds and historical data for free. In most cases you don't even need to sign in. In some sense this is a measure of the immaturity of crypto markets. But it's also a reminder that with main institutional players moving in, the barriers to e…

As a fund manager, I wish there was a data warehousing service I could pay for with a queryable by the minute (or better granularity) API that captured multiple exchanges across multiple countries for the top 50 coins. I would pay a lot monthly for that product. Such a pro-level service doesn't exist at all yet. Also there aren't any derivatives or futures to speak of yet (don't point out the existing futures markets…

Reading what you describe, I think Coinigy does this currently. I have a premium account and use it as an 'exchange aggregator' for my trade portfolio, to trade on and trade between many different exchanges with many trade pairs, and I believe it offers an API so that I could essentially abstract their frontend from the process. I pay about 20 dollars a month.

Re: Bitcoin blow as fund drops U.S. exchange application

#44

Its been priced in that nobody expects the SEC to approve that application. But pay attention to this space, the guy who worked on the Winklevoss Bitcoin ETF - which got rejected too - has taken the job at the SEC of approving ETFs. The last guy finally quit because of some red herring about supporting the trump administration or something (the Chairwoman Commissioner quit too) I love when a power vacuum gets people…

Whoa. So the likelihood of an SEC-backed coin exchange is... nonzero??

Re: Bitcoin blow as fund drops U.S. exchange application

#45
post #42
post #18

Earlier quoted context omitted.

getting the timing right is pretty much next to impossible. this does not change the fact that it will ultimately end that way.

Things that enable previously impossible use-cases don't just go away.

Yeah, it's a pity that more technocrats don't actually understand how bitcoin works, why it is innovative, and how supply and demand control prices.

Re: Bitcoin blow as fund drops U.S. exchange application

#46
post #27
post #22

Earlier quoted context omitted.

Bitcoin only died 171 times so far: https://99bitcoins.com/obituary-stats/ . The first time was in December 2010 when it was priced at $0.23.

In theory, the governments may try to kill it once it reaches too far (to the point of being considered fiat money). However, the said government will also invite lots of backlash from the people and technically, no single government can stop the blockchain network completely.

> no single government can stop the blockchain network completely

Would you like to place a wager on that?

Re: Bitcoin blow as fund drops U.S. exchange application

#47
post #6

RIP bitcoin. Current valuation is $4142.99 higher than it should be.. Im thinking we will get there within a couple of years. $1-2 seems about right per 1 BTC.

You're in luck! Blocks of 10,000 Satoshis are currently trading at a little over $0.41; they haven't even reached dollar parity yet.

Re: Bitcoin blow as fund drops U.S. exchange application

#48
post #4
post #3

That's overstated. I can already exchange Bitcoin easily and it's the best return I have of all my funds.

It would generally be appropriate to say things like "was the best return" or "has been the best return" when describing past price appreciation. "Is the best return" could be reserved for something like a stable source of income.

> It would generally be appropriate to say things like "was the best return" or "has been the best return" when describing past price appreciation. "Is the best return" could be reserved for something like a stable source of income.

Kinda like how historically index funds have been the best investment but also might not be in the future? :)

Re: Bitcoin blow as fund drops U.S. exchange application

#49
post #32

To get live data from ICE--the exchange that withdrew the request--I'm currently paying a broker $120/month. By comparison, just about every crypto exchange currently offers push feeds and historical data for free. In most cases you don't even need to sign in. In some sense this is a measure of the immaturity of crypto markets. But it's also a reminder that with main institutional players moving in, the barriers to e…

So what you're saying is greedy people will put a price on everything they can touch just to suck everything around them dry.

Re: Bitcoin blow as fund drops U.S. exchange application

#50
post #46
post #27

Earlier quoted context omitted.

In theory, the governments may try to kill it once it reaches too far (to the point of being considered fiat money). However, the said government will also invite lots of backlash from the people and technically, no single government can stop the blockchain network completely.

> no single government can stop the blockchain network completely Would you like to place a wager on that?

They cannot. Once the transaction becomes part of the blockchain, its replicated to each and every node in the world (we are talking about thousands) that span the length and breadth of the planet. Thus, its practically impossible.
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