Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[JayJuanGee]

And if there is a rally, will it be up, or down?

Sideways rally of course.

That statement is oxymoronic, and humorous at the same time.   

[ChartBuddy]

Explanation

[JayJuanGee]

I don't know where the 'about 1 year' figure comes from that I keep hearing. Is there any substance to it?

That is about how long it will take for ETPs to list and build their first bubble.

I understood that much, that's the reason I keep hearing. I'm wondering, why 1 year? I haven't been around long enough to know what the usual time is for an ETP (ETC in our case, I guess) to be approved and listed? What about the unusual ones, which I recon a Bitcoin based one could be.

I have to rely on information like this, and I don't like it.

Another problem with the information  (article) that you link is that it is nearly one year old - which is an eternity in bitcoin land.

Yet, historically, it appears that there can be quite a bit of variance in the length of times to approve the trading of complex assets, and even reversals of previous approvals.   Even though the Winklevoss twins were talking about their exchange in mid-2013, they did NOT actually apply for the approval of the exchange until late 2013... so one more year from NOW does NOT seem to be out of the question regarding reasonable expectations.

[Gimmelfarb]

bitcoin is looking pretty bullish with this triangle consolidation. rule is trend continuation, usually, and it looks like we are poised for a breakout from the triangle at around $660. then retest and $680 and then onto $710.

[QuestionAuthority]

So with the news I expect we will $1k sometime next week. Right?

[Richy_T]

The problem with regulated financial institutions, is that they are practically banned from buying bitcoins, because they might be held responsible for their decisions. Low risk, to them, is advancing anything that the competition also advances. It makes them a herd of sheep.

It's not so much about the risk. Unless they can socialize their losses, they're not interested. They'd bet it all on black if sugar-daddy-uncle-Sam was there to bail them out when it came up red.

[BBmodBB]

So with the news I expect we will $1k sometime next week. Right?

APPL computers and DISH prolly holding it down and loading !!! (((jmho)))
  $BTC = HODLLLLL!!!!

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Krabby]

Two ChartBuddy posts in a row... This is true market stagnation...

[bpnave]

WELL THEN. What huge buy caused that spike to happen?

[Krabby]

WELL THEN. What huge buy caused that spike to happen?

You mean on what exchange?

(also 200 is not a 'huge buy')

[Erdogan]

The problem with regulated financial institutions, is that they are practically banned from buying bitcoins, because they might be held responsible for their decisions. Low risk, to them, is advancing anything that the competition also advances. It makes them a herd of sheep.

It's not so much about the risk. Unless they can socialize their losses, they're not interested. They'd bet it all on black if sugar-daddy-uncle-Sam was there to bail them out when it came up red.

Yeah, that too. We will not see bailouts of bitcoin investment firms in the near future.

[edwardspitz]

WELL THEN. What huge buy caused that spike to happen?

You mean on what exchange?

(also 200 is not a 'huge buy')

Yes. But also: According to my lines the upper line in the current channel has been broken, so I still feel it could be significant.

[fonzie]

I think the market is reacting bullish due to the fact that GOAT has been banned. A lot of fear got removed!


https://bitcointalk.org/index.php?action=profile;u=44233

[adamstgBit]

The problem with regulated financial institutions, is that they are practically banned from buying bitcoins, because they might be held responsible for their decisions. Low risk, to them, is advancing anything that the competition also advances. It makes them a herd of sheep.

It's not so much about the risk. Unless they can socialize their losses, they're not interested. They'd bet it all on black if sugar-daddy-uncle-Sam was there to bail them out when it came up red.

Yeah, that too. We will not see bailouts of bitcoin investment firms in the near future.

"We shorted bitcoin at 3K, thought for sure it wouldn't go any higher... now we need a bailout"

[BBmodBB]

WELL THEN. What huge buy caused that spike to happen?

You mean on what exchange?

(also 200 is not a 'huge buy')

^$120,000+ dollars is now pocketchange? lmfao 

[Krabby]

WELL THEN. What huge buy caused that spike to happen?

You mean on what exchange?

(also 200 is not a 'huge buy')

^$120,000+ dollars is now pocketchange? lmfao 

Yes, where have you been?

[edwardspitz]

I think the market is reacting bullish due to the fact that GOAT has been banned. A lot of fear got removed!


https://bitcointalk.org/index.php?action=profile;u=44233

Yes, so much good news. BTW: Good call on the 3rd June Fonzie.

[rjp55]

I'm never gonna sell because I love this forum. Let's be friends forever guys no matter what!!!