If we take a look for a while at TA:
If you want to be successful investor forget about TA! TA is a fishnet to catch small fish. Well, what's your recommendation for me then?  Play with your emotions, "sense" or so called "feelings"? That's stupid. I always thought TA is the 1st thing which has to be done before investing any serious money into any kind of investment such as stocks, forex, bitcoin etc. Stupid are people that don't understand TA is just a graphical representation of their emotions. They see the picture what they want to see.  Does posting that chart mean you are a TA expert? If you are then why did you make a terrible Bitcoin price movement prediction not so long ago? I remember your admission it was wrong was very funny. I was wrong!! -PoolMinor -Sue me |
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As to price....are we going to have more FUD with BU and block size now...what do folk think the price will be
I think it might go up after the FED raises the rate next Wednesday. The FED raising the rate will crash the value of a lot of other currencies, and Bitcoiners in those countries will start buying Bitcoins. For examle, if the Yuan starts crashing the Chinese start buying bitcoins. |
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The FED's going to raise the rate on Wednesday. That should compensate for the ETF rejection and stabilise Bitcoin's price.
why would it? ...I fail to see the connection. This is cointelegraph's explanation of the reason. It's speculating the rate raise could pump Bitcoin beyond $1,300 (again). https://cointelegraph.com/news/bitcoin-price-to-climb-beyond-1300-with-expected-us-fed-rates-increaseOn March 3, Federal Reserve Chair Janet Yellen announced at the Executives’ Club of Chicago that the Fed is likely to increase interest rates later this month. As a result, Bitcoin price is also likely to increase, as the value of reserve currencies including the Japanese yen and Chinese yuan falls.
When the Fed increases its rates, the value of the US dollar naturally increases. Even with a speculation or a forecast from the Federal Reserve, the value of the yen, yuan and the Korean won would fluctuate.
Yellen announced:
“We currently judge that it will be appropriate to gradually increase the federal funds rate if the economic data continue to come in about as we expect. Indeed at our meeting later this month, the committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations. In which case, a further adjustment of the federal funds rate would likely be appropriate.”
Already the Fed announcement is starting to affect the value of the Japanese yen, a currency which has shown more resilience to the increasing Fed rates in comparison to other currencies.
The year-to-date (YTD) return of the Japanese yen against the USD is -2.5 percent and is likely to increase in the upcoming weeks as the Fed prepares to increase interest rates. |
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The FED's going to raise the rate on Wednesday. That should compensate for the ETF rejection and stabilise Bitcoin's price.
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My good friend is Pete McMillan and he works as a clerk for the SEC. He sent me a screenshot yesterday of his laptop. On it was the press release for next Wednesday on the Bitcoin Winklevii ETF... So the decision has already been made folks.
I thought this bit of information would silence the debate that has been raging the past few hours. Remember to only invest more than you can afford and never take the advice of anyone that is prepared to give it. Also, remember that no shoes were made for a cobbler's feet before they are first made for his children.
What was the decision on this screenshot of the press release for the ETF that your "good friend" Pete McMillan who works for the SEC sent you? yeah right no... if he was actually speaking the truth, the stupidest thing you could ever do is to post it on a forum like this one, the second stupidest thing would be to name your contact as well... If it were true, i'm quite sure that 'good friend' Pete is looking for a new job right now. It's strange how this morning he was doubting whether a decision had been made, considering he claimed to be so sure of knowing the decision earlier this week.
I am starting to think the decision hasn't been made, that is the only reason to delay.
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My good friend is Pete McMillan and he works as a clerk for the SEC. He sent me a screenshot yesterday of his laptop. On it was the press release for next Wednesday on the Bitcoin Winklevii ETF... So the decision has already been made folks.
I thought this bit of information would silence the debate that has been raging the past few hours. Remember to only invest more than you can afford and never take the advice of anyone that is prepared to give it. Also, remember that no shoes were made for a cobbler's feet before they are first made for his children.
What was the decision on this screenshot of the press release for the ETF that your "good friend" Pete McMillan who works for the SEC sent you? |
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Kraken works well here. Well, everything except coinbase...
I can now load the Kraken's homepage, but it took an extremely long time to load. |
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kraken and coinbase both seem fine from bitcoinwisdom..
Pretty much inline with stamp and finex..
Sometimes traders (and bots) can still trade through the API even when the site crashes for normal users. |
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I think any denial of a Bitcoin ETF would be nearly 100% politically-motivated. It would mean that they (Governments? World Powers?) simply don't want Bitcoin recognized as a legitimate long term financial instrument.
Could this be more true now? We're talking about a technology which could totally fuck FIAT currencies and all Central Banks in the ass, so I'm sure this could also be a factor. US Gov does not want BTC recognized as a stable, dependable technology. ETF would help it get that kind of legitimacy. The problem is, Bitcoin doesn't need an ETF to become a globally decentralized peer 2 peer cash electronic payments system that can beat out the traditional financial industry. We can achieve greatness without them. We already have. Agreed. China stopped exchange withdrawals, so the Chinese started using localbitcoins and P2P methods of exchange. We don't need no stinking ETF selling paper Bitcoins, and if pushed we don't need no stinking exchanges either. |
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look at that daily candle
its bonkers 1350 - 975
There was briefly a $50 spread on stamp when the dump was beginning to bounce! |
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holy shit. so denied confirmed? it already touched 1000$.
I dont think that anything has been confirmed yet, right? This is insider knowledge, perhaps? Yes it has, read the conclusion at the bottom of that linked pdf https://www.sec.gov/rules/sro/batsbzx/2017/34-80206.pdfCONCLUSION
For the reasons set forth above, the Commission does not find that the proposed rule
change, as modified by Amendment Nos. 1 and 2, is consistent with the requirements of the
Exchange Act and the rules and regulations thereunder applicable to a national securities
exchange, and in particular, with Section 6(b)(5) of the Exchange Act.
IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act, that
the proposed rule change (SR-BatsBZX-2016-30), as modified by Amendments No. 1 and 2, be,
and it hereby is, disapproved. |
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almost sub $1000 in a matter of minutes
Look at the speed of the dump on stamp! I expected it if the ETF was denied, but it's still a shock seeing it happen. In the long run I don't think it matters, the price will recover and break new ATHs.  |
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https://www.sec.gov/rules/sro/batsbzx/2017/34-80206.pdfCONCLUSION
For the reasons set forth above, the Commission does not find that the proposed rule
change, as modified by Amendment Nos. 1 and 2, is consistent with the requirements of the
Exchange Act and the rules and regulations thereunder applicable to a national securities
exchange, and in particular, with Section 6(b)(5) of the Exchange Act.
IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act, that
the proposed rule change (SR-BatsBZX-2016-30), as modified by Amendments No. 1 and 2, be,
and it hereby is, disapproved.
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Sheesh, I go for a snooze expecting a decision to be made by now, and they still haven't said bupkis?  But Bitcoin's slowly crept back up to $1270 while you slept. It could breach £1300 again before we find out the ETF result. |
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Is there anything pertinent to the ETF in there? All I found was some waffle about the Plain English initiative during a quick skim read. |
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Coindesk twitter says SEC confirmed with them that decision will be announced today fwiw
links or GTFU here at killerpotleafLabs we have not confirmed any announcement ( coming from a relevent source ) detailing the time of the announcement. The years-long process to get the Winklevoss bitcoin ETF approved is expected to come to a conclusion today, a move confirmed by an SEC representative when reached at press time. MarketWatch journalist Ryan Vlastelica reported earlier that an SEC representative had similarly confirmed the planned move. i had to run, but here's my comments. the coindesk article points to another article from the 7th and some dudes speculative tweet as "evidence" that the SEC will make a ruling today. we remain confident that a ruling WILL NOT be provided today largely because of the ongoing summit meeting thing going on at the SEC right now. By saying "similarly confirmed" that quote intimates that coindesk spoke to a SEC representative separately from the MarketWatch journalist Ryan Vlastelica. However, it's wording is extremely vague and it could be interpreted to mean only Vlastelica spoke to the SEC. I suppose the answer to the question is still "how long is a piece of string?" |
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The fake ETF news is getting out of hand. This is the latest result that a google for Bitcoin ETF produced.  |
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Who wants to bet that the sec.gov website gets DDoS attacked today?
If their website gets the same treatment as their Q&A email the number of genuine people trying to simultaneously access it will impact it more than a DDoS. http://www.coindesk.com/sec-email-winklevoss-bitcoin-etf/Impatient for answers about its decision regarding a proposed bitcoin exchange-traded fund, market watchers appear to be swamping a Q&A email line during a US Securities and Exchange Commission event
*snip*
While it’s not immediately clear how many requests the SEC has received, an agency staffer commented on the queries while highlighting the Q&A line, telling the audience:
"I will say that, for people that are emailing in, we have nothing to say about bitcoin, so please stop asking. I don't know what that means, but that's what I've been told to say." |
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