MOMozart
Captain49,914 posts
MOMozartCaptain49,914 posts
21 Jan 2017, 17:47#1
In case you haven't seen this, there are several investment firms gearing up to offer a bitcoin ETF. The article I read never clarified if these funds would be backed 100% by holdings of bitcoin, but given how volatile it is that seems likely....although for high Beta chaps like you a 50% leveraged bitcoin fund should get the heart rate up.
JWJust_win
Captain18,570 posts
JWJust_winCaptain18,570 posts
21 Jan 2017, 18:32#2
"Bitcoin"? Is that what Eddie will be using for "influencing" the refs in the 6N series?
JW trying to see the connection to rugby

sharkbok
Captain23,261 posts

sharkbokCaptain23,261 posts
21 Jan 2017, 21:02#3
what about a half penny of Wales? He is their key man and worth investing in .
JWJust_win
Captain18,570 posts
JWJust_winCaptain18,570 posts
21 Jan 2017, 22:05#4
Good one sharkbok
We should have Miss Moneypenny ask her boss James to look into this bitcoin matter.
Hold on for a minute, that one-eyed bloke looks familiar
MOMozart
Captain49,914 posts
MOMozartCaptain49,914 posts
21 Jan 2017, 23:13#5
Clearly marked non rugby....no need for you to open.
PLPlum
Captain21,007 posts
22 Jan 2017, 00:49#6
They kept turning their backs on the black cat but every time they looked around it had gotten bigger hehe. Haven't read a great deal lately on it but one gets the feeling that banks were hoping it would die out.
So what happens if it does get listed? Is it even possible to, considering what it is? Something about Bitcoin being on the NYSE just feels weird.
Have no idea what high beta means but assume it means not adverse to risk?
MOMozart
Captain49,914 posts
MOMozartCaptain49,914 posts
22 Jan 2017, 01:47#7
Right...beta is the correlation beyween a stock and the market. A stock which goes up 150% when the market goes up a 100% is a high beta stock. If this etf is like the gold etfs it would allow the purchaser to buy a partial ownership in it's bit coin inventory....it would be like owning bitcoins in terms of price changes. In effect you own a derivative....an asset whose value is derived from another asset.
RORooinek
Captain18,117 posts
RORooinekCaptain18,117 posts
22 Jan 2017, 07:52#8
Post non sports topics in the Tr(*)mpet.
PLPlum
Captain21,007 posts
22 Jan 2017, 12:39#9
Umm, lol Rooi
I was hoping to read Moz's reply. Did intentionally screw up the thread? I take it you did? C.umon guy, lol let's not have the children suffer because the parents don't get along.