Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ...
by paulpauper on Friday March 10, 2017 @04:29PM
(#13842288)
safer than many foreign currencies, which have lost 30-99% of their value relative to the USD since 2013
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Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ...
by ceejayoz on Friday March 10, 2017 @04:37PM
(#13842350)
As opposed to Bitcoin, where the statement is sometimes along the lines of "lost 30% of its value since 20:13"?
Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ...
by paulpauper on Friday March 10, 2017 @04:40PM
(#13842385)
In 2013, depositors in Bank of Greece lost 50% of their deposits above $100k, overnight, by decree. Not saying Bitcoin is perfect, but the alternatives are often not better.
Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ...
by ceejayoz on Friday March 10, 2017 @04:43PM
(#13842406)
"We're as bad as Greece during a financial crisis" isn't really reinforcing the "safe haven" argument.
Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ...
by tobltobs on Friday March 10, 2017 @04:59PM
(#13842535)
Wasn't that in Cyprus?
Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ...
by rommelsLegacy on Saturday March 11, 2017 @07:01PM
(#13848020)
yes not only was it in cyprus but it was 60% and in addition the rest of the 40% you weren't allowed to touch it, or more generally you need to submit around 3 forms to get funds from the money that is still there that you and i state this "used to own"
Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ...
by sneak on Friday March 10, 2017 @04:42PM
(#13842399)
Nice joke, but short term volatility aside, bitcoin has been fairly stable for the last year or two, compared to the early days.
Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ...
by joecool1029 on Friday March 10, 2017 @04:32PM
(#13842313)
Yeah but we're talking about a loss of 30% of its value in under 5 minutes. Brexit vote to the GBP wasn't even that bad.
Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ...
by ratacat on Friday March 10, 2017 @05:53PM
(#13842862)
Eh, most of us were expecting it to fall worse.
Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ...
by Frogolocalypse on Sunday March 12, 2017 @01:55AM
(#13849525)
Yep. Was picking it to hit the 7's. Quite surprised. Still think it is going to move sideways for a few months though. But hey, I was wrong about the scale of the post-ETF drop, so maybe I'm wrong about that. By any measure, bitcoin has much more support than I thought it did.