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

[ChartBuddy]

Coin
Explanation

[1714827206]

1714827206

[1714827206]

1714827206

[1714827206]

1714827206

[1714827206]

1714827206

[inca]

[NotLambchop]

...
I think everybody forgot the 'dump it down to here' meme already...

Those who forgot will be dealt with.

[soullyG]

[hyphymikey]

Bears buying back at a loss as usual.

[inca]

Paging tarmi to tell us how he bought back in at 245 and just sold at 266, currently waiting for us to drop back to sub 200 lol

[Afrikoin]

I thought we were supposed to sell the news???

Oh well, Monday should be interesting...

Btw, can someone post the text behind the pay wall? Thanks.

Advice. Google the story then click on the link from Google. No paywall with this method

Barry Silbert’s Bitcoin Investment Trust is poised to become the first publicly traded bitcoin fund, with approval and assignment of a ticker symbol by the financial industry’s main self-regulatory body paving the way for trading on an electronic platform operated by OTC Markets Group .

The BIT, which was first launched in 2013 as a private fund for accredited investors with annual incomes greater than $200,000 or assets of more than $1 million, has been racing against a rival offering by twins Cameron and Tyler Winklevoss, best known for their lawsuit against Facebook Inc. chief executive Mark Zuckerberg .

Whereas the competing Winklevoss Bitcoin Trust is going through a lengthy Securities and Exchange Commission process to register a formal exchange-traded fund, the BIT as taken a backdoor route to public listing. By exploiting a rule that allows holders of a private fund to sell their shares publicly after a 12-month lockup period and completing a less arduous approval process with the Financial Industry Regulatory Authority, some of those long-held shares in BIT should soon be available to investors of any income or wealth bracket. The BIT is sponsored by Grayscale Investments, a unit of Mr. Silbert’s Digital Currency Group, which he established last year to hold the digital currency interests of his broker-dealer SecondMarket Inc.

[NotLambchop]

Bears buying back at a loss as usual.

Lol, you must be mad.  The pumps are so short-lived, you couldn't even post before the dumping started

[Whtwabbit]

http://www.zerohedge.com/news/2015-03-01/spectacular-developments-austria-bail-arrives-after-%E2%82%AC76-billion-bad-bank-capital-hol

"Spectacular Developments" In Austria: Bail-In Arrives After €7.6 Billion Bad Bank Capital Hole "Discovered"


Moments ago, Austrian ORF reported that there have been "spectacular developments" in the case of the Hypo Alpe Adria bad bank, also known as the Heta Asset Resolution, where an outside audit of Heta's balance sheet exposed a capital hole of up to 7.6 billion euros ($8.51 billion) which the government was not prepared to fill, the Austrian Financial Market Authority said.

[inca]

With the frequency of your posts NLC, I conclude you still haven't bought back in. Silly sod.

Edit: that itch you can't scratch is FOMO..

[NotLambchop]

...the Austrian Financial Market Authority said.

Well duh, Austrian economics, what did you expect?  Notoriously ignorant & outdated, can only get play in interweb's smelliest armpits, like mises.org.

[shmadz]

http://www.zerohedge.com/news/2015-03-01/spectacular-developments-austria-bail-arrives-after-%E2%82%AC76-billion-bad-bank-capital-hol

"Spectacular Developments" In Austria: Bail-In Arrives After €7.6 Billion Bad Bank Capital Hole "Discovered"


Moments ago, Austrian ORF reported that there have been "spectacular developments" in the case of the Hypo Alpe Adria bad bank, also known as the Heta Asset Resolution, where an outside audit of Heta's balance sheet exposed a capital hole of up to 7.6 billion euros ($8.51 billion) which the government was not prepared to fill, the Austrian Financial Market Authority said.

Of course, this being Austria, and the Creditanstalt, aka the bank which failed in 1931 under almost identical circumstances and set off the dominos that led to a global financial crisis which in turn bank fanned the flames of the Great Depression, also being Austrian, suddenly everyone is asking: "what just happened and what happens next?"

 

[KryptoFoo]

Wondering why this news is so big? The BIT website does a good job of ELI5 this news for you http://www.bitcointrust.co/

The Bitcoin Investment Trust (BIT) is a private, open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenges of buying, storing, and safekeeping bitcoins.

the BIT is able to offer a weighted price that reflects a more accurate market view. Investors can buy shares in the BIT at a set price and without having to transact in a fragmented and highly illiquid market with unregulated and newly established entities.

Investors are able to invest in bitcoin via a security, making it eligible for investment for institutions, certain IRAs and other types of brokerage accounts.

And now they are no longer private. ANYONE can buy in now via their OTC fund. Link to WSJ story:
http://www.wsj.com/articles/bitcoin-investment-trust-gets-finras-ok-to-become-public-bitcoin-fund-1425242094

p.s. Oh yeah, guess what, you can bet that Barry Silbert's Bitcoin Investment Trust will be big bidder's at this week's BTC auction. ha!
http://www.coindesk.com/bitcoin-investment-trust-wins-48000-btc-us-marshals-bitcoin-auction/

[inca]

Just wait til joe public investor can buy in through an ETF..

[LFC_Bitcoin]

Got Milk

[Wary]

MACD hysto is green.
Which one? All 13 of them. From 1w to 1m.

[NotLambchop]

Why do you keep doing it, Bitcoiners? 

[inca]

NLC having a fit keeps clicking Post button

[LFC_Bitcoin]

Come on Lamby buy back in.
You know you want to.

[caga]

What the hell's happening. Does anyone know why we are seeing a rise all of a sudden right now ?
Can't believe this