Okay, Bitcoin looney birds, take notice what the Winklevoss twins did today

[SamDiamond]

Poor PaulyPoker isn't smart enough to know what the Winklevoss twins did today with their position in bitcoin.

I'll bottom line it for those like Pauly. Bitcoin is over. Right now the Winklevoss twins are trying to figure a way out of their ridiculous position.

Now, for those of you who do understand what their ETF means.....

Enjoy this one.

The Winklevoss' are offering an ETF that trades on the value of their own vested stake in Bitcoin, which has no value whatsoever outside of San Francisco, unless you're a drug lord, or gun runner in the middle east.

I can't wait to follow this filing.

Oh, and the price of a bitcoin is in a death spiral.

Nice call Pauly! You're as dumb an investor as you are a gambler.

[Killer_Demo]

I knew that bitcoin wouldnt last. I remember ppl saying "your an idiot if you dont get it on this"

[Ghenghis Kahn]

why is it still listed as $89.99 for 1 bitcoin?

[SamDiamond]

why is it still listed as $89.99 for 1 bitcoin?

Three weeks ago it was at 135.

It's down 33% in 3 weeks.

[ACoochy]

OP has no fukkin idea...

This is so +EV for bitcoin in the long-term if these guys get it right...

[turtlejc]

as long as the silk road keeps takin it

[nvrlose37]

Three weeks ago it was at 135.

It's down 33% in 3 weeks.

This sh1t is so volatile there is no reason to care about 33% in three weeks. Went from 150 to 260 to 100 intraday once.

[Nut_Flopper]

It was $13 in January when I got in, I am not saying Bitcoin is the future but man I made some decent money with the wild swings.

[ADR51]

In other words....Sam has no clue what he is talking about, he just want to trash Pauly.

[tto827]

as long as the silk road keeps takin it

Bingo.

No clue how they haven't been shut down yet, but until it is, bitcoin will do fine.

[SamDiamond]

In other words....Sam has no clue what he is talking about, he just want to trash Pauly.

Actually any time you want to debate why this ETF is the dumbest fuking investment arm available, I am all-in.

Do you understand what the twins are doing? And why they are doing it?

[SamDiamond]

OP has no fukkin idea...

This is so +EV for bitcoin in the long-term if these guys get it right...

Do you understand what it is they are doing?

I won't trash you until you tell me what it is you think they are doing. They're smart, and anyone with half a noggin gets it, but it is the single dumbest investment arm on any market in the world today.

[zizoudane10]

bitcoin

[zizoudane10]

OP has no fukkin idea...

This is so +EV for bitcoin in the long-term if these guys get it right...

Wrong, 100% wrong.
It is +EV for the Winklevoss twins and (maybe) a clever move to save their investment.
Obv you are the one that has absolutely no fcking clue at all what it is that they are trying to do here.

[SamDiamond]

Wrong, 100% wrong.
It is +EV for the Winklevoss twins and (maybe) a clever move to save their investment.
Obv you are the one that has absolutely no fcking clue at all what it is that they are trying to do here.

Ziz wins.

Exactly.

The Winkie twins are acting like BetIslands. They own a large % of bitcoin, have realized they are about to lose a significant amount of cash, and have actually came up with the idea of trying to squeeze any dime they can think of to get back some of their position.

They are creating a market where they will charge people a fee to trade bitcoins---while at the same time, unloading their ridiculously risky position.

Win win for them. Lose lose lose lose lose for any fuking retard dumb enough to trade with them.

Oh, and has anyone read their actual filing?

Its pretty damn funny.

[zizoudane10]

It's a goddamn IQ-test, simple as that. Anyone that invests in a currency that is unregulated in a fond that is regulated managed by twins that were not even able (as they claim) to save the best idea they ever had (facebook), well anyone who does that fails the test.

And the twins have two scenarios here, both are good:
a) They get some of their money back because they are selling their own Bitcoins.
b) Even more guys than expected fail to pass the IQ-test --> many guys want coins --> few coins available in --> a market that is artificially regulated --> price gets up --> even more money when they sell.
(And I'm even letting the fees aside here)

You guys really have NO clue WHY they are doing this now, right??
The answer is real fcking simple: Because they are way smarter than you. They realized that there is absolutely NO value anymore! This is a bigger bubble than the Mississipi-Speculation back in the 18th century (John Law, but I guess none of you smartass investors have EVER heard of this name, the name of one of the biggest financial geniuses there ever were or will be.)

[sourtwist]

Ziz, please enlighten me

[zizoudane10]

What exact part didn't you understand?
It's all there. Not so hard for anyone with a brain and the slightest idea how financial markets work.

[sourtwist]

Ziz you're a piece of shit who do you think you're talking to?

[zizoudane10]

Ziz you're a piece of shit who do you think you're talking to?

Well, obv to a stranger on a gambling forum that gets mad about nothing, calling people "a piece of shit" over nothing. Go on

[pronk]

It was $13 in January when I got in, I am not saying Bitcoin is the future but man I made some decent money with the wild swings.

I think beanie babies are way, way better investment

[PAULYPOKER]

Just Buy!Buy!Buy!Buy!


Ya lil pussies...........

[pico]

http://www.sec.gov/Archives/edgar/data/1579346/000119312513279830/d562329ds1.htm

[pico]

^^actual filing for the etf

[pico]

risk facotr: The loss or destruction of a private key required to access a Bitcoin may be irreversible. The Trust’s loss of access to its private keys or its experience of a data loss relating to the Trust’s Bitcoins could adversely affect an investment in the Shares.

in translation. if someone stole a piece of paper and transfer the money to another wallet, there is no way they can trace or recover the bitcoins

[muldoon]

in translation. if someone stole a piece of paper and transfer the money to another wallet, there is no way they can trace or recover the bitcoins

Like a bearer bond?

Bitcoin at 130 now.

That's a pretty slow death spiral.

[sbrhedge]

I think beanie babies are way, way better investment

NO!!

http://www.dailymail.co.uk/news/article-2377645/Family-goes-bankrupt-blowing-100-000-savings-Beanie-Babies-thought-valuable.html

[PAULYPOKER]

▼ USD	<nobr> mtgoxUSD </nobr> Mt. Gox	144.21544 0 min ago		120.81 23.41 19.38%	566,320.82 68,416,554.95 USD	100.95969 142.2 (24h)	148.90893 148.90893 (24h)	143.40001	144.2155	145.34 -1.13 -0.77%	15,360.50 2,232,504.67 USD

Sam Diamond the forum Retard gets buried again,Lol............


bizness as usual..........

[SharpBoxing]

Lol...

[muldoon]

BTC Deathspiral now at $139

[Inkwell77]

lol

Bitcoin is a lot larger than some trust fund twins

[Inkwell77]

I knew that bitcoin wouldnt last. I remember ppl saying "your an idiot if you dont get it on this"

uh....

[PhillyFlyers]

▼ USD	<nobr> mtgoxUSD </nobr> Mt. Gox	144.21544 0 min ago		120.81 23.41 19.38%	566,320.82 68,416,554.95 USD	100.95969 142.2 (24h)	148.90893 148.90893 (24h)	143.40001	144.2155	145.34 -1.13 -0.77%	15,360.50 2,232,504.67 USD

Sam Diamond the forum Retard gets buried again,Lol............


bizness as usual..........

[ACoochy]

Sammy you clown

Zizoudane10 also putting his hand up for SBR spook of the thread with his timely yet ultimately worthless contribution...

Thanks pal you uninformed git. Keep reading from those anti btc websites ya stooge...

[zizoudane10]

Because.....

we set a time frame?

someone said: "hey guys, 3 months from now on".?

the twins already did what they want to do?

Yeah right. Carry on.