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    [Daily Discussion] Thursday, June 07, 2018 Bitcoin Markets

    June 07, 2018

    [Daily Discussion] Thursday, June 07, 2018 Bitcoin Markets

    [Daily Discussion] Thursday, June 07, 2018

    Posted: 06 Jun 2018 09:06 PM PDT

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    [Altcoin Discussion] Thursday, June 07, 2018

    Posted: 06 Jun 2018 09:06 PM PDT

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

    Thread guidelines:

    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
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    Let's Discuss the new Bitcoin ETF filed by VanEck SolidX Bitcoin Shares

    Posted: 06 Jun 2018 01:31 PM PDT

    Bloomberg article that broke the news: https://www.bloomberg.com/news/articles/2018-06-06/bitcoin-etf-dreams-kept-alive-with-new-solidx-vaneck-sec-filing

    Actual Filing Here: https://www.sec.gov/Archives/edgar/data/1668039/000110465918038369/a18-2298_1s1a.htm

    Here are a few humorous (imho) admissions in the filing:

    • Regulation of bitcoin continues to evolve in both the U.S. and foreign jurisdictions, which may restrict the use of bitcoin or otherwise impact the demand for bitcoin.
    • Bitcoin trading prices are volatile and shareholders could lose all or substantially all of their investment in the Trust.
    • Loss of the Trust's bitcoin may be irreversible and could result in the loss of all or substantially all of an investment in the Trust.
    • Bitcoin is a new technological innovation with a limited history. There is no assurance that usage of bitcoin will continue to grow. A contraction in use of bitcoin may result in increased volatility or a reduction in the price of bitcoin, which could adversely impact the value of the Shares.

    I'll admit, I did not read the entire filing... but those bullet points seem borderline crazy-talk imho...

    The last one especially... A contraction in use of bitcoin may result in increased volatility or a reduction in the price of bitcoin, which could adversely impact the value of the Shares. ... does that not speak to literally every single stock market investment ever?

    Discuss!

    submitted by /u/grumpyThrifter
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