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SEC has not approved Bitcoin ETFs [fixed]

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Re: SEC has not approved Bitcoin ETFs [fixed]

#171
post #163
post #125

Earlier quoted context omitted.

> an ETF would make it a lot easier to buy Bitcoin How? Serious question. What would it enable that hasn't already been possible for many years now?

It'll be marginable in a normal brokerage account

Again, already possible. Go to your Fidelity account and check.

Re: SEC has not approved Bitcoin ETFs [fixed]

#172

Earlier quoted context omitted.

https://help.twitter.com/en/rules-and-policies/profile-label... "The grey checkmark indicates that an account represents a government/multilateral organization or a government/multilateral official. Eligibility criteria to receive a complimentary grey checkmark are listed below. Additional government and multilateral accounts can receive grey checkmarks through Verified Organizations. Eligible government organization…

Thanks for the quote! Lol, I can't believe this is really what they ended up with: multicolored stars to indicate different things? I thought it was a joke at first, but no, that's really how it works now. What a strange world...

> I can't believe this is really what they ended up with: multicolored stars to indicate different things? I thought it was a joke at first

What's the issue with it?

Re: SEC has not approved Bitcoin ETFs [fixed]

#173

Earlier quoted context omitted.

Barely makes an impression in the parade of crime that is web3isgoinggreat.com/

Can you explain how web3 is responsible for all the crypto nonsense for a layman?

I can't speak for the other commenter, but I don't think they said that "web3 is responsible for all the crypto nonsense". My impression is that they're just hinting at a relationship between the two.

Re: SEC has not approved Bitcoin ETFs [fixed]

#174

The price of BTC initially jumped 3% on the hacked tweet. That's $25bn+ of market cap. The irony is the SEC itself is probably now responsible for the largest crypto pump and dump in history.

Who cares about $25bn? These guys hacked the SEC, made huge announcement tweet, and only got a 3% move from that. More over, they only had a 10 minute window to close whatever positions they had before BTC crashed through it's pre-hack price. There is a fair chance that they actually lost money on this play, lol.

[deleted]

Re: SEC has not approved Bitcoin ETFs [fixed]

#175

Earlier quoted context omitted.

The old crypto chants were that crypto would lead us away from the ills of traditional markets/finance. Glad to see that it's been watered down to "just as bad as" arguments.

Tomorrow your bank could cut you off from your own money because you protested the government[1], and what could you possibly do? Having the freedom to truly own your own money and investments is valuable in and of itself, no matter how much crypto "devolves" towards traditional finance in other regards. [1]: https://www.nytimes.com/2022/02/22/world/americas/canada-pro...

Apart from some edge cases, Western democracies have quite solid property rights upheld also by the judicial system. But yes if you’re in Russia or China then this argument is moot. They have much less property rights. However, Bitcoin is also not a solution because there is no point in owning Bitcoin if you fell trice out of a Russian window or are sentenced to a labour camp or to the death penalty in China for "fraudulus activities“. Difficult to spend your Bitcoin in both cases.

Re: SEC has not approved Bitcoin ETFs [fixed]

#176

Earlier quoted context omitted.

Barely makes an impression in the parade of crime that is web3isgoinggreat.com/

Can you explain how web3 is responsible for all the crypto nonsense for a layman?

Web3 is the crypto nonsense. It was a rebrand attempt. https://en.wikipedia.org/wiki/Web3

Re: SEC has not approved Bitcoin ETFs [fixed]

#177

Earlier quoted context omitted.

The old crypto chants were that crypto would lead us away from the ills of traditional markets/finance. Glad to see that it's been watered down to "just as bad as" arguments.

Tomorrow your bank could cut you off from your own money because you protested the government[1], and what could you possibly do? Having the freedom to truly own your own money and investments is valuable in and of itself, no matter how much crypto "devolves" towards traditional finance in other regards. [1]: https://www.nytimes.com/2022/02/22/world/americas/canada-pro...

[deleted]

Re: SEC has not approved Bitcoin ETFs [fixed]

#179

Earlier quoted context omitted.

Tomorrow your bank could cut you off from your own money because you protested the government[1], and what could you possibly do? Having the freedom to truly own your own money and investments is valuable in and of itself, no matter how much crypto "devolves" towards traditional finance in other regards. [1]: https://www.nytimes.com/2022/02/22/world/americas/canada-pro...

Instead, you can lose access to your money just because you forgot your secret key.

But one of those things has the responsibility placed up on you.

The other, not so much.

Plenty of downsides to crypto no doubt, but I'm not sure "personal responsibility" is one of them.

Re: SEC has not approved Bitcoin ETFs [fixed]

#180
post #52

I am glad to see the cyberpunk future of hackers impersonating government agencies in order to pump and dump digital currency has finally arrived.

Barely makes an impression in the parade of crime that is web3isgoinggreat.com/

That’s a fun site.
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