Winklevoss twins plan IPO for Bitcoin-tracking stock

SEC rejects Winklevoss twins' plan to trade Bitcoin as stock

SEC rejects Winklevoss twins' plan to trade Bitcoin as stock submitted by cryoskyd to SkydTech [link] [comments]

SEC rejects Winklevoss twins' plan to trade Bitcoin as stock

SEC rejects Winklevoss twins' plan to trade Bitcoin as stock submitted by MyRSSbot to MyRssFeeds [link] [comments]

SEC rejects Winklevoss twins' plan to trade Bitcoin as stock

SEC rejects Winklevoss twins' plan to trade Bitcoin as stock submitted by ImaBlue to Engadget [link] [comments]

SEC rejects Winklevoss twins' plan to trade Bitcoin as stock

SEC rejects Winklevoss twins' plan to trade Bitcoin as stock submitted by ImaBlue to ImABlue [link] [comments]

Buy Bitcoin not Gold- Mike Novogratz

Michael Novogratz is a veteran Wall Street fund manager and cryptocurrency maven who readily acknowledges when he earns a “black eye,” while Dave Portnoy is the brash founder of a media empire who only recently began touting stocks and has disparaged Warren Buffett.
Their backgrounds and personalities may be vastly different, but both are now offering the same investment recommendation: Bitcoin is a better long-term bet than gold.
In an appearance on Bloomberg Television, Novogratz — founder of Galaxy Digital Holdings Ltd. — said that although he sees gold climbing above its record highs, Bitcoin is still the more worthy investment because it’s “harder to buy” than the traditional haven. He said about 25% of his net worth is tied up in the cryptocurrency.
“It’s only got a $20 billion market cap, while gold is over $10 trillion,” Novogratz said of Bitcoin. “So it’s got a long way to go to catch gold in terms of just adoption.” Still, he doesn’t recommend beginners put in more than 1-2% of their money into the digital currency.
Novogratz said Bitcoin had “crossed the Rubicon” on the question of whether it’s a good store of value. Now, more institutions and banks are considering how to get into the cryptocurrency, compared with a few years earlier when they viewed it more skeptically, he said.
Barstool Sports founder Portnoy, meanwhile, was sold on the cryptocurrency after being pitched by Cameron and Tyler Winklevoss. In a video posted on Portnoy’s Twitter feed, the twin brothers — who founded crypto exchange Gemini Trust — say Bitcoin has the potential to replace gold as a store of value. Their reasoning? They claim that Elon Musk has plans to mine gold from asteroids.

In a tweet after his interview with the Winklevoss twins, Portnoy suggested he has bought $1 million worth of Bitcoin.
Bitcoin, the largest cryptocurrency, has been on a roller coaster in 2020. After sliding below $4,000, it’s zoomed up and is around $11,800. It’s seen further acceptance in the mainstream investment community, experienced a “halving” where the rate of Bitcoin created dropped by 50% as of May, and seen correlations with gold rise to records.
In the case of bullion, prices have been on a tear this year as central banks worldwide took steps to shore up ailing economies in the wake of the coronavirus crisis and investors sought a haven from the turmoil. The precious metal is up 28% this year to about $1,945, with Credit Suisse Group raising its bullion forecast for next year to $2,500 due to a “perfect storm” of factors.
https://www.bloomberg.com/news/articles/2020-08-14/buy-bitcoin-or-gold-novogratz-and-portnoy-prefer-the-cryptocurrency?sref=xTkgnLSf
submitted by Zilllnaijaboy99 to investing [link] [comments]

Canadian Markets Regulator Gives 3iQ Green Light to Offer Bitcoin Fund

Canadian Markets Regulator Gives 3iQ Green Light to Offer Bitcoin Fund

Canadian investment fund manager 3iQ will now be able to offer Canadian retail investors a regulated, publicly-traded Bitcoin (BTC) fund.

Bitcoin fund available to retail investors by end of year

In an Oct. 30 press release, 3iQ announced that it had received a favorable ruling from the Ontario Securities Commission (OSC) in regard to its closed-end Bitcoin fund, which is expected to be available on a major Canadian stock exchange by the end of the year.
In February, Canada’s markets regulator ruled negatively on 3iQ’s proposal to launch its regulated Bitcoin fund. However, the Toronto-based 3iQ appealed the decision and ultimately won approval from the OCS to launch its BTC fund. 3iQ chief executive Fred Pye said:
“Over the past three years, we have worked actively with the OSC’s Investment Funds and Structured Products Branch to create an investment fund that we hope will allow retail investors the benefits of investing in Bitcoin through a regulated, listed fund.”
Pye, who previously worked as senior VP at Fidelity Investments Canada, told the Financial Post that retail investors will be able to buy and sell the Bitcoin fund through traditional and discount brokers. The investments will also be eligible for Canadian registered retirement savings plans and tax-free savings accounts.
Gemini, the New York-based cryptocurrency exchange and custodian founded in 2014 by twin brothers Cameron and Tyler Winklevoss, will act as custodian of the fund’s Bitcoins.

Canada is exploring digital currency

The Bank of Canada is reportedly exploring possible opportunities and challenges related to launching its own digital currency. The central bank purportedly believes that a public central bank digital currency could be the answer to the direct threat that cryptocurrencies apparently present.
submitted by Rajladumor1 to omgfin [link] [comments]

A letter from the future about Bitcoin.

Well gee, this blew up.
Bitcoin should not be treated as an investment, it should be recognized as a speculative negative-sum game. The Bitcoin system currently consumes an estimated 3.6 billion dollar worth of electricity on an annualized basis, just to update the ledger that contains a record of everyone's transactions. This enormous consumption of electricity is indirectly paid for by people who invest their savings in Bitcoin, as a consequence, money is continually "leaking" from the system.
As a Bitcoin investor, you're paying for Chinese businesses to waste electricity by solving an abstract math problem that is designed to get continually more difficult. Besides ensuring that many people lose vast sums of money while a small minority of early adapters is enriched, Bitcoin causes tremendous ecological damage in an era when we should be focusing as a society on reducing our carbon emissions.
The Bitcoin developers responsible for updating the protocol appear to have no genuine intention to introduce code changes that reduce the ecological damage caused by Bitcoin mining, so my suggestion has to be to sell your Bitcoins, which indirectly has the effect of reducing the ecological damage caused by Bitcoin mining.
Theft and loss of coins are also enormous problems affecting Bitcoin, so although it is theoretically possible to store your coins in a safe manner, history has shown that a lot of people will simply lose their coins, further illustrating why Bitcoin is not a good investment option.
The other cryptocurrencies share most of Bitcoin's flaws (resource waste, no protection against theft or loss, vulnerable to market manipulation, etc), but most importantly, what sets cryptocurrencies apart from proper investments is that these coins don't produce anything. If you invest in a company, that company can use the money to deliver more products. If you buy, silver, gold, bitcoin or beanie babies, you're hoping someone else will come along one day and pay more money for it. History has shown that people who invest money in the stock market will generally end up witnessing much higher returns than people who buy gold.
With that said, I hope this story has entertained you and helped you recognize some of the problems our society would face if we ever witnessed widespread adaption of Bitcoin or similar digital currencies.
I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands.
If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be.
I don't want to waste any of your time, so I'm merely going to explain what happened.
On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency.
There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the mean person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel.
"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.
In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin.
Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money.
The four institutions with the largest still accessible Bitcoin balance are believed to be as following:
-ASICminer - 50,000 Bitcoin
-The IMF's "currency stabilization fund" - 70,000 Bitcoin
-Government of Saudi Arabia - 110,000 Bitcoin
-The North Korean government - 180,000 Bitcoin
Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.
What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations.
Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password.
Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed.
In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it.
You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance.
Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite.
This is also the reason we contacted you.
It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies.
However, I have seen where it ends.
More: https://www.youtube.com/watch?v=SgrUEHe7CZY&t=3s
submitted by chapikla to u/chapikla [link] [comments]

I am a time-traveler from the future, here to beg you to stop what you are doing.

Update, 27 oktober 2019:
Well gee, this blew up.
Bitcoin should not be treated as an investment, it should be recognized as a speculative negative-sum game. The Bitcoin system currently consumes an estimated 3.6 billion dollar worth of electricity on an annualized basis, just to update the ledger that contains a record of everyone's transactions. This enormous consumption of electricity is indirectly paid for by people who invest their savings in Bitcoin, as a consequence, money is continually "leaking" from the system.
As a Bitcoin investor, you're paying for Chinese businesses to waste electricity by solving an abstract math problem that is designed to get continually more difficult. Besides ensuring that many people lose vast sums of money while a small minority of early adapters is enriched, Bitcoin causes tremendous ecological damage in an era when we should be focusing as a society on reducing our carbon emissions.
The Bitcoin developers responsible for updating the protocol appear to have no genuine intention to introduce code changes that reduce the ecological damage caused by Bitcoin mining, so my suggestion has to be to sell your Bitcoins, which indirectly has the effect of reducing the ecological damage caused by Bitcoin mining.
Theft and loss of coins are also enormous problems affecting Bitcoin, so although it is theoretically possible to store your coins in a safe manner, history has shown that a lot of people will simply lose their coins, further illustrating why Bitcoin is not a good investment option.
The other cryptocurrencies share most of Bitcoin's flaws (resource waste, no protection against theft or loss, vulnerable to market manipulation, etc), but most importantly, what sets cryptocurrencies apart from proper investments is that these coins don't produce anything. If you invest in a company, that company can use the money to deliver more products. If you buy, silver, gold, bitcoin or beanie babies, you're hoping someone else will come along one day and pay more money for it. History has shown that people who invest money in the stock market will generally end up witnessing much higher returns than people who buy gold.
With that said, I hope this story has entertained you and helped you recognize some of the problems our society would face if we ever witnessed widespread adaption of Bitcoin or similar digital currencies.
I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands.
If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be.
I don't want to waste any of your time, so I'm merely going to explain what happened.
On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency.
There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the mean person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel.
"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.
In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin.
Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money.
The four institutions with the largest still accessible Bitcoin balance are believed to be as following:
-ASICminer - 50,000 Bitcoin
-The IMF's "currency stabilization fund" - 70,000 Bitcoin
-Government of Saudi Arabia - 110,000 Bitcoin
-The North Korean government - 180,000 Bitcoin
Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.
What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations.
Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password.
Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed.
In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it.
You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance.
Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite.
This is also the reason we contacted you.
It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies.
However, I have seen where it ends.
submitted by Luka_Magnotta to Bitcoin [link] [comments]

In case you missed it: Major Crypto and Blockchain News from the week ending 12/14/2018

Developments in Financial Services

Regulatory Environment

General News


submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Bitcoin 2015 so far

I don't know about you guys, but I've noticed that shit in bitcoin-land seems to be moving faster and faster... I browse this sub and a few other communities daily, and I've been making a short note whenever something significant happens. Lots of good, even more bad, probably a lot of stuff that I missed, and plenty of sweet drama :) Here's what I've got for January 2015
(these are not in exact order)
Again, probably lots that I missed, but all in all it's been a pretty balls-to-the-wall last 4 weeks. I don't have time to find references for all of these, but if another redditor wants to do it that would be cool. Here's to another month of madness
tl;dr running out of popcorn, need to buy more.
edit adding in some other items people mentioned below
submitted by cryptonaut420 to Bitcoin [link] [comments]

Bitcoin ETF

Over the past few months, there has been plenty of talk around the status of submitted Bitcoin ETF’s. For those that are unaware, an ETF stands for exchange traded fund and is a way to trade an asset or security on a regulated exchange.
At press time, there are currently two submitted ETF proposals. One is the Cboe VanEck proposal that has been around for months now. The other was published last week by Bitwise for the New York Stock Exchange. As of February 20th, the SEC will have 45 days to make a ruling on the pending ETFs.
In the past, we’ve seen several other attempts in setting up Bitcoin ETF’s fail. Most notably was the Winklevoss Twins attempt that was rejected in 2017 and again in 2018.
Matt Hougan, who’s involved with the Bitwise proposal went on to say to Coindesk, “A year ago there was maybe one qualified crypto custodian… and now there are half a dozen, and that number will go up from here.”
Why do Bitcoin ETF’s keep getting rejected?
There are a few reasons why Bitcoin ETF’s repeatedly get rejected. The largest one is the fear that Bitcoin markets are manipulated heavily. The SEC has even commented on Tether (USDT), and how it appears to prop the Bitcoin price up. Another reason Bitcoin ETF’s have been rejected is due to it being unclear where the official Bitcoin price at any given time is determined.
The VanEck proposal is attempting to form this from price action on large over the counter (OTC) trades, while Bitwise plans to use the average of high volume exchanges. Depending on the SEC’s preferences, it’s possible one gets rejected while the other gets accepted.
Why do Bitcoin ETF’s matter?
In Bitcoin’s case, an ETF would allow users to own Bitcoin without having to deal with storage. Too often we see uneducated cryptocurrency holders lose their funds on centralized exchanges from hacks and other careless mistakes. By simplifying the process, the door is opened for thousands of new cryptocurrency holders.
Conclusion
Regardless of which cryptocurrencies you support, the introduction of a Bitcoin ETF would bring an enormous amount of mainstream adoption. The SEC has until April 5th to decide, so keep an eye out for the ruling.
Do you think a Bitcoin ETF will finally be accepted? Let us know in the comments below.
submitted by Cedexofficial to u/Cedexofficial [link] [comments]

Cryptocurrency Investors

Hello! My name is Mihail Kudryashev, I am a frontend engineer at Platinum. We are a an international STO/IEO/ICO/POST ICO consulting, promotion and fundraising company with huge experience in STO and ICO marketing and best STO blockchain platform in the world! Learn more about it: Platinum.fund Our company gained popularity after launching the world’s number one online university with only practical knowledge on crypto economics. Now you can learn how to create and develop your own ICO and STO, how to market your campaign and make it super successful. Who are cryptocurrency investors? What drives people to invest in cryptocurrency? Read the extract of the UBAI lesson to get all the answers.
Introduction to the Investors §2
In 2017, the total cryptocurrency market capitalization was approaching $850B which begs the question:
Why are investors turning to cryptocurrencies?
A survey by Blockchain Capital indicated that at least 30% of millennials would rather invest in bitcoin than invest in traditional stocks. Cryptocurrency investors, like traditional investors, expect a return at least proportionate to the risk they take. Due to the fundamental lack of regulation, incredible volatility and astronomical relative risk, many cryptocurrency investors expect to earn meteoric returns. Returns in the ranges of multiples from 200% to 1000%.
Let us first begin by examining the kinds of people who invest in cryptocurrency, and then let’s see the reasons why each of them is investing in this relatively new market.
Types of Investors
The “Newbie” Cryptocurrency Investor
This investor is just starting out. They probably have not had any significant experience in any form of investing before and bitcoin is their first experience. They have heard about people making incredible returns from cryptocurrency investing, or some aspect of the entire blockchain and crypto revolution attracts them, and they decide they want to invest too.
Unfortunately, most of the newbie investors will end up losing their money, primarily because of one specific misconception; they think cryptocurrency investing is an easy way to make huge profits. “ “Types of Investors §2
“Gambler” or “Get Rich Quick” Investor
This is the second class of cryptocurrency investor, and is actually not really an investor at all.
This type of person is out to make a fortune as fast as possible. They will fall for whatever sweet-sounding scheme they hear. They love ideas that promise to double or triple their investment quickly. Like the Newbie, they do not understand how cryptocurrencies work, and they don’t care. The difference between this kind of investor and the successful individual or professional investor is that the gambler does not care about the management of risk, or about the timing of trades.
They place their money on the table, and they hope it will make a good return. They are gambling rather than creating an investment thesis and executing a well-thought out strategy. They might even have an infectious positive attitude, but unfortunately it is not backed by knowledge or the due diligence required to be a successful investor.
A good example of this style of thinking, outside of cryptocurrency, is high yield investment plans (HYIPs) that promise to multiply an investors capital by a certain factor. This is not to say that all HYIP programs are scams, but a good number of them are. Most importantly, the investors who flock into such plans have similar characteristics to that of the Get Rich Quick investor in that they will not take the time to learn about the field in which they are investing. They are just looking for fast money and an overnight success. “ “Types of Investors §3
Short Term Traders (Day/Swing Traders)
Short term traders must, without a doubt, be the most knowledgeable investors if they are going to succeed at their chosen profession. They have, or they should have, studied the art and science of trading more thoroughly than other people. This is the kind of investor who has taken the time to learn about cryptocurrencies and the markets on which they trade. Short term traders create deliberate and timed strategies in an attempt to profit from fast market movements. Maybe many of the short term traders started off as Newbies, but these are the individuals who took the time and effort to learn about the market. They wanted to know what they were doing. These are the people who survived and thrived to grow into the type of trader that they want to be.
Interestingly, the Day Trader does not attach emotion to any given coin. They do not need to believe in the sustainability/whitepapevision/road map, etc. of the project they are buying into at any particular time. They just need to be confident about the direction and timing of the potential price movement of the coin. “ “Types of Investors §4
Long Term Investors/ Hodlers
A great majority of successful cryptocurrency investors can be most properly classified as Long Term Investors, or HODLers in true crypto terminology. These are investors who understand quite a bit about cryptocurrency and blockchain technology and believe in the sustainability of the coins in which they are investing.
Think of the first few investors who bought bitcoin in the early days and years, when it was still deep under the radar for most people. These are the people who believed in the blockchain and cryptocurrency revolution. They didn’t sell their bitcoin for fast profit, although they had many chances to do so. They knew what they were doing, holding for the long term. These early investors and HODLers enjoyed astronomical growth all the way up to 2016 and 2017. But to be a long-term holder despite all the bad news and negative factors surrounding this brand new asset class, they must have really believed that bitcoin and the blockchain were going to change the world. This belief can only be established through study and research about the blockchain industry and the specific currencies and tokens in which you are going to invest.
Follow up and learn more on www.ubai.co!” “Types of Investors §5
Sophisticated/Professional Investors
These are experts in cryptocurrency investing. They most likely have a background in other forms of trading and investing, such as in stocks, bonds or options etc. They may also be earning fees by investing or managing money for other people.
The Iconomi fund managers are a good example. Each Fund Manager manages an array of digital assets. Investors might choose Iconomi because it offers a platform for the investor to allocate funds to specific fund managers, with the ability to swap between managers instantly if the investor desires to do so.
Each fund manager selects a number of coins in which they wish to trade or invest, with specified time horizons, short or long term. Investors can buy into the array of mutually held coins. This allows investors to utilize the knowledge and experience of professional fund managers to trade an allocated pool of capital, hopefully generating returns greater than the individual investor would be able to produce on his own.
The fund managers are motivated by the fees and commissions they earn, and perhaps a performance-linked bonus. You can certainly be properly classified as a Sophisticated Investor without any need to be a fund manager for other peoples’ money. But a professional fund manager has the ability to trade with a larger pool of capital, manage complicated risk, and diversify trading strategy to generate various streams of income. “ “Between Countries
A particular country’s participation in cryptocurrencies largely has to do with the legal regulations about blockchain projects and crypto currency investment in that jurisdiction.
When China banned the use of cryptocurrency, most Chinese nationals had to withdraw their investments. Many other countries have also placed bans on the use or trade of cryptocurrencies. Countries like Japan that have allowed the use of cryptocurrencies have witnessed a significant rise in cryptocurrency investments as a result. Japan and South Korea are home to several high-traffic cryptocurrency exchanges, meaning that a notable proportion of their population is investing in cryptocurrencies.
Another way to look at cryptocurrency investment demographics is to look at the bitcoin ATMs present in each country. The United States of America is the leading country, followed by Canada and then the United Kingdom.
According to a report by Google trends, the five top countries interested in bitcoin are: South Africa, Slovenia, Nigeria, Colombia and Bolivia.
Remember, cryptocurrency demographics can be a little tricky due to the anonymity involved. Many people may be afraid to participate in surveys, especially when their governments have placed legal restrictions on cryptocurrency investing.
The main point the research seems to validate is that the demographics of the cryptocurrency investor base is diverse. While the average investor may be a white or Asian male between the ages of 26-30 with at least a university degree, the entire investor base is so much larger than that. Many big investors are likely to be significantly older, and have connections and businesses in the traditional economy as well. “ “Notable Investors in Cryptocurrency
While many people have made fortunes from cryptocurrency investing, a handful of them stand out as being particularly remarkable. We will take a more detailed look at some of the biggest investment success stories to see how they did it and learn about their investing strategy.
The Winklevoss Twins
After being awarded their settlement from the lawsuit against Facebook, the Winklevoss twins decided to invest a significant portion of their money in Bitcoin. They invested $11million of the $65million they received. At that time, the price of a single bitcoin was about $120.
This high-risk investment paid off handsomely and they became the first publicly known Bitcoin Billionaires, perhaps owning more than 1% of the total bitcoin in circulation. In an interview with Financial Times in 2016, the twins jointly said that they consider “Bitcoin as potentially the greatest social network because it is designed to transfer value over the internet”. They also pointed out that compared to gold, bitcoin has equal or greater foundational traits of scarcity and portability. “ “Notable Investors in Cryptocurrency §2
Michael Novogratz
A self-made billionaire ex-Goldman Sachs investment banker, Novogratz has invested more than 30% of his fortune in cryptocurrency. In 2015, he announced a $500million cryptocurrency hedge fund, including $150million of his own money. Novogratz believes that “the blockchain, the computer code that underpins all cryptocurrencies, will reshape finance, just as the internet reshaped communication”.
The investment thesis of Mr. Novogratz is similar to that of the Winklevoss twins. He has taken and maintains a long-term position while he trades in and out of short term moves, based on his fundamental belief in the potential and likely application of the underlying blockchain technology. By starting an investment fund in addition to his other cryptocurrency related ventures, he is demonstrating a strong fundamental grasp of the technology, including its applicability and impact across so many industries. Slide
Barry Silbert
In December 2014 after the US Marshal’s office seized 50,000 bitcoins from the Silk Road, Barry Silbert purchased just 2,000 of those bitcoins at $350 per coin. A few years later of course, those coins were worth millions of dollars.
Barry is the founder and CEO of the Digital Currency Group (DCG) a cryptocurrency investment firm. Barry also made significant profits from Ethereum Classic, purchasing the coin in its very first days. He has invested in over 75 bitcoin related companies, including CoinDesk. As founder of the Digital Currency Group, Barry endeavors to support bitcoin and blockchain companies and accelerate the development of the global financial system. “ “Directly through Exchanges
Step One: Register on a reputable cryptocurrency exchange
To start investing, you first need to register on a reputable cryptocurrency exchange where you can buy bitcoin and other cryptocurrencies. Binance is a good exchange to use in this lesson. While it may or may not be the best, it is currently the largest, and they provide a very supportive layout and customer service department.
You should remember, to buy most altcoins (cryptocurrencies other than bitcoin), you specifically need to use an exchange like Coinbase or Kraken that allows you to convert fiat currency into cryptocurrency. From there, if you want to trade altcoins not listed on that exchange, you will have to transfer your BTC or ETH to a larger exchange like Binance, and buy the altcoin you want, using whichever trading pair that is best suited (BTC and ETH pairs are most common).
As we have already explained, if you are buying Bitcoin or any cryptocurrencies, you should invest in a wallet to safely store your coins. It is not advisable to store your BTC or other crypto on the exchanges for too long, due to hacking and other risks. “ “Directly through Exchanges
Step Two: Determine your Strategy
There are different ways to invest. You need to find a strategy that works for you and your specific set of skills. The value of a cryptocurrency is not defined by a formula or something out a textbook. If everyone was able to calculate the actual value of a share of stock, for example, or a bond, or other tradeable asset, then the price on an open market exchange would never move. Buyers and sellers would know exactly how much the asset is worth, so there would be no reason to sell lower or buy higher than the actual value.
You need to come up with your own ideas and strategies to take advantage of market moves. Sometimes you will have a position that is contrary to the general market. Other times you might be trading in agreement with a majority of other market participants. Investors are basically separable into one of two groups of thinkers. Contrarian investors go against the crowd, swimming against the current; Momentum investors ride the wave feeling secure in the majority. Being different can be good or it can be bad. You do not always want to necessarily get caught up in the most crowded trade. “ “Things to keep in Mind
Bitcoin Futures
We need to mention the bitcoin futures market as another potential way to invest. Toward the close of 2017, Bitcoin started trading on two fully recognized and well-established futures markets; the Chicago Board Options Exchange (CBOE), and the Chicago Mercantile Exchange CME.
The key quote from the exchanges was “because the futures can be traded on regulated markets, it will attract investors, making the market liquid, stabilizing prices and it will not suffer from low transaction speeds of Bitcoin Exchanges.”
For a risk averse investor, this offers a safer entry into cryptocurrency investing. A futures contract commits its owner to buy or sell the underlying asset, BTC, at a set price, and at a set date in the future. The investor in the futures contract does not actually own the underlying asset, but rather is trading on fluctuations in the price of the asset over a certain timeframe, as specified in the futures contract. “ “Things to keep in Mind §2
Common Pitfalls We cannot conclude this lesson without one more look at the common pitfalls a new cryptocurrency investor should avoid.
The problem areas are: -Falling for scams by failing to carry out due diligence. -Relying solely upon self-acclaimed crypto gurus and experts. If you want to trade, you must understand how to read news and charts for yourself. -Too much Greed. Not taking profit when you should. It is better to take a 20% gain, than wait for a 100% gain, only to lose it all in the end. -Lacking an investment strategy or exit plan. -Not sticking to your investment plan or strategy. -Allowing emotions to rule your decisions. Chasing your losses. -Investing what you cannot afford to lose.
And finally, some time-tested wisdom from Wall Street: Bulls make money. Bears make money. Pigs get slaughtered every time. (Don’t be greedy!)
We cannot overemphasize the risk involved in cryptocurrency investing. The potential to make huge gains over a short period of time does not come without risk. There is no doubt that significant players in the global financial markets are entering the cryptocurrency markets too. We are likely to witness more and more government authorities trying to regulate cryptocurrencies, hopefully to the overall benefit of a healthy market. It seems safe to say we will see cryptocurrencies become more mainstream due to the intense interest from the traditional financial industry and institutional investing community all over the world. What are better ways to successfully invest in cryptocurrencies? Which pitfalls should you avoid? Learn all on successful ICOs and STOs after reading the full lesson: UBAI.co How to start your STO/ICO campaign in 2019? Contact me via Instagram, Facebook, LinkedIn to know more about our education: Facebook LinkedIn Instagram
submitted by UBAI_UNIVERSITY to u/UBAI_UNIVERSITY [link] [comments]

Top Crypto Headlines of the Week

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Weekly Crypto Recap for the week ending July 27

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoMarkets [link] [comments]

Weekly Crypto News Recap for the Week ending July 27

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Nasdaq could start listing tokens thanks to partnership with Gemini

The Ico Journal portal claims to have an exclusive where two sources close to the exchange of Gemini cryptocurrencies, corroborate the rumors that they and Nasdaq plan to work to create a "joint venture" to list tokens. The rumors would have appeared at the end of July after Nasdaq met in secret with several personalities from the world of cryptocurrencies.
As CoinCrispy had previously reported, executives of the world's second largest stock exchange, Nasdaq, met with personalities from the critomy industry in secret in Chicago. Among those summoned to the meeting, which apparently was to encourage the industry to do things that will improve its image, were the Winklevoss twins.
The anonymous sources confirm that the two companies have held subsequent talks after the meeting that could lead to specific purposes. According to them, Nasdaq would be planning to list the world's leading crypto-currencies, at least Bitcoin (BTC) and Ether (ETH), for world trade. Secrecy is maintained because Nasdaq is cautious and is working closely with regulatory bodies.
Gemini's first source commented that "Nasdaq, and its leadership, are already predisposed to find a solution to architecture and be the first to list real tokens." He says that the structure Gemini is showing them makes them feel calm to the point that they are creating a timeline to give a decision that "could be earlier than some might think".
The second source was even more specific and came to mention a story that did not have much traction where Gemini is practically doubling its workforce due to its work with Nasdaq. Additionally, he said "If you made me bet, I would invest in a joint venture of some kind that would see several tokens available to the public to be listed on the Nasdaq in the second quarter of 2019."
submitted by Buenoscoin_ to u/Buenoscoin_ [link] [comments]

Can someone explain to me how a greatly successful ETF would even work price wise?

A general feeling I am picking up on is the idea that when the ETF hits the stock market bitcoin is blasting off again.
But I don't understand how that would work. Say the ETF comes out, and is wildly successful, bill gates buys in, overstock puts it in every employee's 401k, wallstreet goes whole hog, whatever. And it rockets to 10,000 dollars a coin.
The what? What happens now? Say I own 10 coins and want to sell them and get my 100,000 dollars.
It just doesn't add up to me. If people buy up the ETF and raise the price it seems like it'd quickly devour every bitcoin that exists OR seems like it'd do a weird split where if the twins are buying then you can cash out but otherwise no one is buying at the huge prices.
Whats the plan? There is less than 10 million coins, less than 5 million that are currently seemingly active it seems like the ETF buys more as the price rises is going to hit a point where it's bought virtually every coin that is for sale rapidly. Then what happens? Bitcoin ceases to exist? Either that or the price skyrockets but other than the ETF no one is buying at that price and the markets will list 10,000 as a price but not be able fufill more than a tiny section of orders.
submitted by etfhow to BitcoinMarkets [link] [comments]

5/9/14 Video News: FEC's confusing guidelines, China censors Bitcoin, and Bitcoin Foundation election results

Video: http://moneyandtech.com/may9-news-update/
Today in Money & Tech:
Yesterday, we reported that the Federal Election Commission issued guidelines allowing bitcoin political donations in response to a specific request from political action committee Make Your Laws. However, we've since learned that the parameters of this decision may extend beyond those laid out specifically for this individual use case. We're joined by Christopher David, founder and CEO of CoinVox, who shed more light on what this decision from the FEC actually means.
USA Today has temporarily changed the logo in the header of their website incorporating the Bitcoin symbol. Clicking on the Bitcoin logo leads to an article on the FEC's approval of bitcoin political campaign donations.
Voting on the Bitcoin Foundation’s two vacant board seats concluded last night with BTC China CEO Bobby Lee and bitcoin entrepreneur Brock Pierce winning by a small margin. Bobby Lee has been a strong voice for the bitcoin community in China, where his bitcoin exchange BTC China has been doing it's best to stand up against the China central bank’s ban on bitcoin-related bank accounts. Brock Pierce, another avid proponent of the bitcoin community, is involved in several bitcoin startups such as GoCoin, ExpressCoin, KnCMiner and Robocoin Asia, and is helping drive the proposal to revive bankrupt bitcoin exchange Mt. Gox.
The proposed plan to revive bankrupt bitcoin exchange Mt. Gox has received preliminary approval in an Illinois court, allowing it to be more formally vetted in Japan. The plan would involve settling the current class action lawsuits, and then granting those former exchange users a 16.5% equity stake in the new operation. However, the defense argues that this plan would also create new lawsuits from both the new and former Mt. Gox users, which could keep the accused parties in litigation for an undefined period of time.
The IRS announced Wednesday that it will be contracting out to cybersecurity nonprofit National Cyber-Forensic Training Alliance starting June 1st. The contract will involve researching crimes utilizing digital currencies, and providing the federal government with real-time cyber threat intelligence. According to the IRS document, the Alliance will be expected to “identify significant cybercriminals engaged in financial crimes, as well as initiatives that highlight virtual currencies and virtual currency exchangers that service criminal clientele.”
The Winklevoss Twins have filed with the SEC to have their new Winklevoss Bitcoin Trust listed on the NASDAQ stock exchange, which would make it the first publicly-listed bitcoin exchange traded fund. According to the SEC filing, the Winklevoss ETF is expected to IPO for $1 million total shares worth a total of 200,000 bitcoins, so that each share is worth one-fifth of a bitcoin.
The China Digital Times has leaked a set of documents instructing Chinese media to censor their coverage of certain sensitive issues in China. This time, bitcoin made the list, which ended with instructions to refrain from participating in or reporting on The Global Bitcoin Summit 2014 kicking off tomorrow in Beijing. The instructions said "All websites are asked not to participate in or report on the summit. Do not hype bitcoins. All reporting on bitcoins must henceforth accord with the specifications of financial regulatory agencies." This comes as additional negative news for the Summit, after the recent announcement from 5 of the largest Chinese bitcoin exchanges that they will not be attending or participating in the event.
Meanwhile in China, a company called Hardbit has announced the release of a physical Bitcoin wallet. About the size of a credit card but thicker, the device touts many security features, as well as a camera to allow it to make in-person bitcoin transactions quickly. The wallet is now on sale in China, with plans to distribute internationally from May 10th onwards.
submitted by moneyandtech to BitcoinMarkets [link] [comments]

5/9/14 Video News: FEC's confusing guidelines, China censors Bitcoin, and Bitcoin Foundation election results

Video: http://moneyandtech.com/may9-news-update/
Today in Money & Tech:
Yesterday, we reported that the Federal Election Commission issued guidelines allowing bitcoin political donations in response to a specific request from political action committee Make Your Laws. However, we've since learned that the parameters of this decision may extend beyond those laid out specifically for this individual use case. We're joined by Christopher David, founder and CEO of CoinVox, who shed more light on what this decision from the FEC actually means.
USA Today has temporarily changed the logo in the header of their website incorporating the Bitcoin symbol. Clicking on the Bitcoin logo leads to an article on the FEC's approval of bitcoin political campaign donations.
Voting on the Bitcoin Foundation’s two vacant board seats concluded last night with BTC China CEO Bobby Lee and bitcoin entrepreneur Brock Pierce winning by a small margin. Bobby Lee has been a strong voice for the bitcoin community in China, where his bitcoin exchange BTC China has been doing it's best to stand up against the China central bank’s ban on bitcoin-related bank accounts. Brock Pierce, another avid proponent of the bitcoin community, is involved in several bitcoin startups such as GoCoin, ExpressCoin, KnCMiner and Robocoin Asia, and is helping drive the proposal to revive bankrupt bitcoin exchange Mt. Gox.
The proposed plan to revive bankrupt bitcoin exchange Mt. Gox has received preliminary approval in an Illinois court, allowing it to be more formally vetted in Japan. The plan would involve settling the current class action lawsuits, and then granting those former exchange users a 16.5% equity stake in the new operation. However, the defense argues that this plan would also create new lawsuits from both the new and former Mt. Gox users, which could keep the accused parties in litigation for an undefined period of time.
The IRS announced Wednesday that it will be contracting out to cybersecurity nonprofit National Cyber-Forensic Training Alliance starting June 1st. The contract will involve researching crimes utilizing digital currencies, and providing the federal government with real-time cyber threat intelligence. According to the IRS document, the Alliance will be expected to “identify significant cybercriminals engaged in financial crimes, as well as initiatives that highlight virtual currencies and virtual currency exchangers that service criminal clientele.”
The Winklevoss Twins have filed with the SEC to have their new Winklevoss Bitcoin Trust listed on the NASDAQ stock exchange, which would make it the first publicly-listed bitcoin exchange traded fund. According to the SEC filing, the Winklevoss ETF is expected to IPO for $1 million total shares worth a total of 200,000 bitcoins, so that each share is worth one-fifth of a bitcoin.
The China Digital Times has leaked a set of documents instructing Chinese media to censor their coverage of certain sensitive issues in China. This time, bitcoin made the list, which ended with instructions to refrain from participating in or reporting on The Global Bitcoin Summit 2014 kicking off tomorrow in Beijing. The instructions said "All websites are asked not to participate in or report on the summit. Do not hype bitcoins. All reporting on bitcoins must henceforth accord with the specifications of financial regulatory agencies." This comes as additional negative news for the Summit, after the recent announcement from 5 of the largest Chinese bitcoin exchanges that they will not be attending or participating in the event.
Meanwhile in China, a company called Hardbit has announced the release of a physical Bitcoin wallet. About the size of a credit card but thicker, the device touts many security features, as well as a camera to allow it to make in-person bitcoin transactions quickly. The wallet is now on sale in China, with plans to distribute internationally from May 10th onwards.
submitted by moneyandtech to Bitcoin [link] [comments]

New Age Media Management now accepting Bitcoin

Now Accepting Bitcoin
New Age Media Management, a New York City-based management firm, is betting on Bitcoin, and plans to accept the crypto-currency beginning March 14.
Though some might question the move given Bitcoin's current spate of bad press, New Age founder Adam Lopez has no qualms about taking the crypto-currency, which is unregulated, has no central bank and has fluctuated wildly since the first Bitcoins were issued about five years ago.
"It's breaking into a lot of merchant circles very quickly and we wanted to be the first in the entertainment space to accept it," Lopez told Pollstar. "No one has really come forward saying they'll accept this for everything from artist commissions to consultation payments to anything we deal with across the board.
"We pride ourselves on being very tech forward. This is something our team has been researching for eight months to a year - watching prices, the stock as it rises and falls, and we felt like right now, despite it getting a little bad press recently, was the right time to make it public."
The bad press stems from news that one of the most prominent exchanges for Bitcoin trading - the Japan-based Mt. Gox - announced it was filing for bankruptcy last month after about 850,000 Bitcoins valued at more than $400 million disappeared from its digital coffers.
In a news conference, Mt. Gox CEO Mark Karpelès explained the exchange had been hacked, and "there was some weakness in the system, and the Bitcoins have disappeared. I apologize for causing trouble," he said, according to the Wall Street Journal.
Another Bitcoin bank, Flexcoin, called it quits March 2, announcing on its site, "Flexcoin was attacked and robbed of all coins in the hot wallet. The attacker made off with 896 BTC. . As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately." Elsewhere, Autumn Radtke, the CEO for virtual currency exchange First Meta, was found dead in her Singapore home in what's been reported as an apparent suicide.
Bitcoin has taken hits previously. After the FBI shut down online black-market site Silk Road in October 2013, seizing 144,000 Bitcoins, the value of the crypto-currency plummeted.
It has since recovered and many have called for increased regulations, which Lopez thinks could eventually help legitimize the virtual currency. But it's also going to take buy-in from huge e-commerce companies such as the Amazons of the world before Bitcoin might gain wide acceptance.
New Age Media Management's interest was piqued through the entertainment investment space and its dealings with venture capitalists.
"You have the Winklevoss twins, people like Fred Wilson, and Google ventures who have all invested $30 or $35 million apiece into this venture," Lopez said, adding it's important to separate the currency from the technology as they're investing in "the technology of it. That's really where the money is - investing in the technology of this being accepted and getting merchants on board."
Overstock.com is one such merchant. The company announced in January it would accept the virtual currency and said March 4 it expects Bitcoin sales to reach $10 million or $15 million this year, up from the $5 million it had expected, the WSJ reported.
Richard Branson's Virgin Galactic has also backed Bitcoin for its commercial space flights. The Winklevoss twins, coincidentally, announced March 5 they'd booked their Virgin Galactic flights using the crypto-currency.
Aside from the potential investment aspects of Bitcoin, Lopez noted his company could save thousands on fees by accepting the virtual currency.
"The transaction fees are incredibly lower," he said. "Sometimes you'll have a 3 or 4 percent transaction fee if you go through somebody like PayPal or a credit card where as with Bitcoin you're looking at something like half a percent. That makes all the difference when you're doing transactions in the tens of thousands of dollars and saves you that much more money."
It's an idea that makes sense, and just one reason Lopez is so confident about accepting the crypto-currency.
"Bitcoin is definitely in the infancy stages so it's going to fluctuate a lot in price and in interest but we feel like a lot of our artists and the VCs we work with are very excited about the concept," he said.
-Dana Parker-McClain
submitted by wmbutler to Bitcoin [link] [comments]

Winklevoss Twins Invest in Bitcoin How the Winklevoss twins made billions from bitcoin Bitcoin Is Like Gold 2.0, Says Tyler Winklevoss Winklevoss Brothers Reveal Plans For Bitcoin Trust The Winklevoss Twins Explain Bitcoin  Disruption Mag

A plan from the Winklevoss twins that would have allowed stock traders to buy and sell Bitcoin without setting up a personal Bitcoin wallet has been denied by the US Securities and Exchange ... Fast forward to the end of 2017, the year Bitcoin became mainstream and incredibly valuable. By the start of 2018, one Bitcoin was worth about $14,000 — making the Winklevoss twins Bitcoin billionaires. In the first months of 2018, it slid back to $6,000 to $7,000 a coin, a precipitous fall but still an impressive return on their investment ... In an amended SEC filing, the Winklevoss twins said they plan to list their bitcoin ETF on the NASDAQ. The Winklevoss twins, who famously alleged that Facebook Inc founder Mark Zuckerberg stole their website idea, have revealed plans for an IPO that will give investors exposure to the value of ... Tyler and Cameron Winklevoss, famed for their legal dispute with Facebook's Mark Zuckerberg, unveil plans to float a Bitcoin trust.

[index] [24695] [3523] [46794] [42120] [31077] [26635] [4811] [26255] [9473] [44766]

Winklevoss Twins Invest in Bitcoin

Ben Mezrich joins CNBC's "Closing Bell" to discuss his new book "Bitcoin Billionaires." “Bitcoin Will SAVE US, The Stock Market Will CRASH” - Financial Guru Robert Kiyosaki Urges Investors - Duration: 7:19. TechCashHouse - Best Bitcoin, Stock News 12,846 views 7:19 Autoplay When autoplay is enabled, a suggested video will automatically play next. Up next The Winklevoss Twins Eat, Sleep, and Breathe Bitcoin - Duration: 18:04. Bitcoin Investment Plan: Ride the Great Coming Wave 23,754 views. 1:04:30 . Winklevoss Twins Back in Social Network Game - Duration: 11:58. Wall Street Journal 11,542 views. 11:58. World's Most ... Articles and hashtags referenced (I DO NOT OWN Or CLAIM TO OWN ARTICLES REFERENCED OR VIEWED IN VIDEOS): #bitcoin #bitcoins #bitcoinprice GET A Chance To WIN...

#