Let’s be clear. No one wants the Winklevoss twins to win. Those pedantic row boating Facebook lottery winning shits don’t deserve to keep winning like this. I don’t know how they keep getting away with it. Hopefully, the SEC will finally put an end to the ‘twin madness’ by declining their bitcoin ETF proposal, ticker COIN.
It’s widely believed, at least from gambling degenerates, the first ever pure bitcoin trust will be declined by the C students at the SEC.
As of Tuesday morning, the prediction contract’s pricing implied a 36.37 percent chance that the proposal, which has been tweaked about a dozen times over a registration battle that’s stretched over three years, will be successful.
Yeah, whatever, good.
Presently, there is a bullshit derivative based bitcoin ETF, dubbed $GBTC. Management fees are of the ripoff varietal at 2%. And, it’s trading at a significant premium to its reported NAV — due to scarcity of bitcoin product for normies.
Via Exodus.
In spite of the fact that bitcoin has been on a gorilla run for bananas since the new year, shares of GBTC have been bludegeoned to death, because (you guessed it), the fucking Winklevoss twins.
Look, you retards shouldn’t be long an ETF that is trading at a big premium to NAV anyway. If the Winklevoss twins win and this thing hits the shitter, you have only yourselves to blame.
Alternatively, I’d like to see the whole bitcoin game end already, finally laying to rest the idea that some computer generated pyramid scheme, which would’ve been highly praised by men like WEBSTER EDGERLY and his lunatic ilk, is an acceptable form of currency during the Renaissance era of fiat — where money is cheap and the central banks very loose.
The SEC will make their determination by March 11th, 2017.
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another winner http://pagesix.com/2017/02/22/hedge-fund-billionaire-david-einhorn-heading-for-divorce/
Is this why CLF got fucked today? https://www.axios.com/the-backup-plan-on-trumps-infrastructure-package-2280024749.html
The market at great risk because of fuckhead Paul Ryan. He’s going to knuckle drag everything which will make people very edgy.
Always going to be someone, something to blame when you leverage your balls into an overbought tape on a play dependent on a political outcome. Crony capitalism is a double edged sword.
Also “the market” isn’t at risk. Market’s flat, several big names are making highs of year. Banks sitting unch.
If the Winklevii win, America loses.
But maybe someone will steal their idea and make a fortune.
I have Milo double vision.