/biz/ - Business & Finance

This could be it.

BUMP!!!!

THIS WILL LITERALLY PUSH ETH TO $1000 NOT EVEN KIDDING GET THE FUCK IN HERE NOW!

I'm 12 and what's and etf?!

>>3371771
>>>/b/
no time for your meme shit >just bought 100k LMAO XD
This is a serious thread

>>3371787
Okay. What is an ETF, my very serious sir?

Electronic transfer format ? Splain

ETHEREUM FORK

Posting in an epic thread.

now comes the fun part

dO i buy 5k of ethereum on cuckbase right now

Oh.. it will be on NYSE?

>Prior to this offering, there has been no public market for the Shares
what did they mean by this

do crypto exchanges not count as public, or are these 'share's not the same as eth

>>3371798
It's something normalfags put their money in.

>>3371798
>>3371799
>>3371809
God dammit. Can I please have the old /biz/ back? ETFs are something you should learn by like middle school for fuck's sake.

Jesus christ.
Here:

http://www.investopedia.com/terms/e/etf.asp

It means BIG money might start pouring into ETH soon. very soon.

>>3371818
Yes. Now is the time to buy a LOT of ETH if there ever was one.

>>3371826
The shares are part of the ETF, which is based on the price of ETH. That's all.

>>3371735
It's still under review. BTC had the same thing and then got denied. But that was a long time ago, maybe things are different now.

HAPPENING

>>3371798
>>3371771
Exchange traded fund... it means Ethereum is going on the fucking stock market for purchase... it means ETH is about to fucking MOON

100 ETH here, am I gonna make it?

>>3371845
Yes start looking for a lambo

So ETH going onto the stock market as its ready to collapse? Yeah, that'll make it moon for sure.

lol

>>3371735
Goood...MNE will soar even higher

>>3371836
This is just under review right? How long does it take for these things to be OK'd?

Does Vitalik need to be apart of this or aware of it?

rexne tiene tetas

>>3371735
Big if true

>>3371869
>>3371845
Start looking for 100 ft yachts my man.

>>3371735
tremendous if trustworthy

>>3371881
I'm still hurting over this.

Hoping it makes ANT moon too though.

Why does this site look like shit, how am I supposed to read that retarted cancer wall of text.

I have 76 ETH. I wagecuck at my uncle's 76 gas station and repair shop. I bought 76 ETH as my ticket out of this hellhole. Based money skelly, please help us.

>>3371735

IPO DATE?

>>3371910
government employees don't understand web design or formatting

BUY THE RUMOR

>>3371924
>muh design

Keck yourself faggot

when will this actually move the price?

>>3371735
Oh fuck, should I just go all in on eth now? I had $300 in neo and other shitcoins and sold. Now I have around $1100 in BTC.

Please I just want to get out of this shithole.

Honest question, why buy an ETF instead of the crypto directly?

It is easier, I suppose. Like I wouldn't want to buy and deal with storing gold, but I might buy a gold ETF. Is there anything else to it?

>>3371983
normaldos understand it, current finance industry don't need to add new infrastructure

>>3371964
I sold half my OMG and bought ETH.
I really hope it goes up at least today so i can buy my OMG back.

>>3371964
I sold all my shitcoins... and long-term holds... anything I didn't 100% believe in. BCH, XRP, RDD, XVG, and POT and went all in on ETH.

My portfolio is BTC, NEO, LTC, ETH, ADX, and UBQ... and a couple others I'm ashamed to admit.

I can't read dis someone gib explains plz

>>3371888
Answer this, you cunts

>>3372021
It says "Buy ETH now or be poor forever."

Also buy some ANT unless you're a cuck. That's good too.

>>3372011
tell us your shitcoins anon

>>3371983
You wouldn't, point is that boomers would and it could cause the price to jump up a lot.

>>3372008
>>3372011
I just did the same, I'll just buy back in if anything.

I hope we all make it skellybros, and I'll see you on the moon.

>>3372039
>Also buy some ANT
Why?

>>3371983
crypto is fucking hard to get in/out of.

Company applies as an ETF and buys ETH. Issue "shares" of their ETF as a function of ETH price. As ETH price fluctuates, so does company's ETH-based ETF.

This opens up ETH to a much broader audience... not just the above average tech-savvy population that's currently exposed.

>>3372042
SIGT and EMB... feels bad

>>3371983

Stock exchange is much better regulated at least

And more convenient if you already regularly trade on it

If it tracks ETH closely I might buy some shares since I don't want to have to deal with all of the other bullshit

>>3372022
They filed in July 2016. They will accept or deny this month.

just like how well the bitcoin etf did, right guys????????????
guys??????????????????

>>3371834
>ETFs are something you should learn by like middle school for fuck's sake.

Not everyone on /biz/ is an amerilard

>>3372133
Literally says they filed yesterday sept 5th at the top of the document.... are you fucking retarded?

Big if true... i think? never heard of ETF to be honest but I'm not a burger and never had to do anything with stocks either so.. yeah no clue

>>3372171
kek you're a dumbass

This is old news, articles show the proposal being made 5+ months ago.

Why the Hype?

>>3372139
the lawyer who was representing the etf is now the person in the sec making the decision

>>3372191
This came out like today. It's finally coming.

>>3372194
This.

>>3372191
>signed on september 5th, 2017

How come the markets haven't reacted yet?

>>3371735
I want to believe OP but where does it say anything about an etf?

>>3372188
Sure kiddo, whatever makes you feel better.

>>3372011
>sold his shitcoins only to buy more shitcoins

>>3371735
what makes you think the SEC is going to approve an ETF for a scam coin?

>>3372243
Dont fall for the hype. I was posted 5 hours ago on reddit. it is not a fresh news.
https://www.reddit.com/r/ethtrader/

>>3372295

>>3371915
godspeed anon, you're going to make it

>>3372074
One thing I don't get is, won't the boomers be put off by the wild swings? This roller coaster is going to give them all heart attacks...

Is anyone here NOT already balls deep in ETH?

>>3372403
>ETH ETF
>normies money get in
>ETH moon hard
>we dump it the day after
>we lamboland now
>normies panic sell and loose everything
>we become the kangz of the new world
What a time to be alive

>>3372449
remember to buy the inevitable dip and do the same shit again

>>3372435
Me, I'm a poorfag that own just 0.73 Dash and 23 OMG, what should I do? ; _ ;

I SWEAR TO YOU THIS IS IT. THIS IS IT BIZ THIS IS FUCKING IT

I WILL SELL EVERY ASSET I OWN TO GET IN ON THIS, REEEEEEEEEE HOW DO I BUY NOW

>>3372449
>normies buy into ETF like crazy
>Eth price stays exactly the same while ETF skyrockets

>>3372518
Is this happen before

>>3372536
yes, look at how GBTC gains are separate from BTC gains.

>>3372518
>creates a massive ETF bubble
>we sell at the top
>it crashes
>Buy in again

It's to buy into a POS pool. The people who filed for this have a ton of eth and are going to stake and sell etf that pay a fraction of the POS awards.

>>3372549
proof of stake violates the 2nd law of thermodynamics though, so this will never work

its just another day in cryptoscam land

>>3371735
when is the ETF ICO?

>>3372565

the virtual world is not beholden to the laws of the physical world you baboon.

>>3372565
wtf I hate science now

eth moon

>>3372565
>when you don't really understand what you're talking about but want to sound smart

>>3372565
Look up "emergent properties" and then realize that emergent properties have value.

This must be the big one boys. The one we've been waiting for. Money skellers has been laying his plans for a long time. This is only the beginning!

>>3371873
Check gold-based ETFs when the market tanks...

>>3372649
>when you can't see a joke if it hit you in the face
>when you want to pretend you know what he's talking about but expose yourself as a friendless downs neet who cant recognize simple humor

>>3371888
>>3372022

do you even know what cryptocurrency is? do you know what free/decentralized means? of course he doesn't they can do whatever they want

>>3372577
>we can get shit for free because interwebz maine

ethtards are actually this stupid. lmao

Remember kids, once in a while /biz/ actually gives some valuable info and/or good advice.

huge if true

thanks for the heads up OP

Basically if approved I can have Eth exposure in my 401K and/or IRA.

>>3372514
Buy in coinbase bub ;)

>>3372777
If nobody cashes out and everybody thinks what they own is worth X in value, the crypto market cap could basically go to infinity, and be worth almost none of it (see: "Wow! It's Literally Free Money!" written by Everyone Who Received and Held BCC).

>>3372769
chill out bruh i'm smarter than you are. and i'm not a neet when I have a comfy job as a software developer. you're right about the friendless part though.

gargantuan if guaranteed

Should I put in 500 bongs or 1000?
What's the best place to get them?

>>3372944
>needing to say he's smarter than someone he's never met
how pathetic anon.

How high's ETH gonna moon from this? $1000?

>>3372968
Because it's obvious. If you were smart you would know that.

Also when's this actually going to happen?

>>3371983
same reason i just bought a bunch of shares of a silver etf

>>3373020
If the ETF actually gets approved, it could easily go to the $2000-5000 range before the end of 2018.

>>3372649
>when you have never actually gotten a joke in your entire life and you just laugh when other people laugh and even that you had to practice by laughing along with the laugh track in sitcoms

>>3371915
see you in lambo land anon

>107 posts
>every creaming their pants with moon memes
>not a single argument as to why it will pass

hear ye hear ye
this will get denied just like the bitcoin etf

"The Commission believes that, in order to meet this standard, an exchange that lists and trades shares of commodity-trust exchange-traded products ("ETPs") must, in addition to other applicable requirements, satisfy two requirements that are dispositive in this matter. First, the exchange must have surveillance-sharing agreements with significant markets for trading the underlying commodity or derivatives on that commodity. And second, those markets must be regulated."
nothing's different with eth on either 1 or 2

>>3373464
Really depends on if Microsoft helps by throwing in some lobbyist weight.

>>3373150
The crazy thing, this is a completely reasonable number. This would be immensely helpful for the crypto community as a whole.

For normies to be exposed to the exponential growth on crypto, and see it side by side to their 2% annual growth shitstocks...Crypto market cap would explode.

>>3373464
>thinking the government is consistent and not corrupt as shit

They just put the Winkevoss ETF consultant into the position to approve this ETF. Do you think that's a coincidence?

If this happens, ETH will set the stage for widespread normie adoption of cryptos.

They rejected the BTC application because they hadn't accumulated yet. Now they have their bags (see: Eth rise from $10 to $400 this year) and are ready to unleash wall street.

Already priced in. This is known.

bitcoin has had multiple ETF filings denied by the SEC.

why would they accept ethereum?

OMG will hit $20 before this happens.
I'll buy eth then.

>>3373516
for the meme

All of you screaming "moon" are retarded.

If the SEC steps in, crypto will be regulated and yall can kiss your moon missions goodbye

>>3373542
Bingo. All this thread did was remind me to buy more $XRM and 0x
I wonder if all the bootleggers back in the day spoke of moon missions when prohibition was overturned.

>>3373542
Nope. Unregulateable currencies will moon.

Block, zrx, xmr, odn.

even if eth goes to $1000 it wont make me rich

need to get in on ground floor to ascend

ETH vs BTC price is very low at the moment anyway, dont look at the USD price

Can't say i'm surprised that seemingly half of this board doesn't know what a fucking ETF is. The price of the etf after the first week or so will move in reaction to the price movement of eth mean that when eth goes up people will start buying shares in the etf and that will go up. When eth starts to dip people will panic sell and the etf will dip hard

bottom line is this will not influence the price of eth, eth will determine the price of the etf. what >>3372518 said

>>3373131
werewolves?

>>3373802
etfs are an easy way for people who trade in the stock market to invest in eth, im guessing it will bridge a lot of people into the crypto market... also just the fact that its happening will cause hype as well as make crypto seem more legit to normies

>>3373856
easier than buying a bunch of physical silver... etf will make it easier for people who dont want to set up a wallet, remember addresses/keys or dont trust crypto exchanges, etc.

All in on Ether...

at least we know whats going to cause the next GFC now

My prediction
>Most investors don't trust Bitcoin
>They would love to short this ETF if their fund allows
>Regardless of whether it's justified or not, a lot of people will short the ETF
>ETF will shut down fast because of one-sided flows
>ETH will crash through no fault of its own because of Wall Street kikery

>>3374205
>real investors wonder why the fuck meme coins are 300+ dollars
>crashes to actual value of 7-15 dollars

>>3373509

Like you'd know Eric you fucking faglord

tell your sister i'm coming over after football practise

If you get long remember to set a stop and get out as soon as the etf launches to lock in your gains. Do not trust the ETF it will expose ETH to a lot more short interest in the short to medium term.

>>3374037
ALL
IN

>>3371735
you know this is a year old right? the date is for the amendment and this thread is full of shills.

Good buy-in price coming but it isn't now.

ETH is going to get wrecked even faster than BTC and LTC tomorrow and possibly into the weekend.

Thursday always dumps and this will be the worst Thursday any newfags can remember.

>>3374768
Show me your open short position, faggot

I have over $8k in ETH right now. Is this going to make me rich?

>>3374810
dont trade on margin

If theres anything we can agree on, it should be that ETH has been rising slower and dropping faster than BTC.

Thurs will be ugly and we might start seeing weekend drops again. ///////////////////////the normies are already here.

>>3374852
what color lambo you want?

>>3373478
So this is how we finally win and take all of the normies money. Nice.