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Question: Oct. 5 Closing Price:
$0 - 5 (3.5%)
<$8,000 - 38 (27%)
$8,000-$8,500 - 16 (11.3%)
$8,500-$9,000 - 10 (7.1%)
$9,000-$9,500 - 13 (9.2%)
$9,500-$10,000 - 12 (8.5%)
$10,000-$10,500 - 10 (7.1%)
$10,500-$11,000 - 5 (3.5%)
$11,000-$11,500 - 2 (1.4%)
$11,500-$12,000 - 4 (2.8%)
>$12,000 - 17 (12.1%)
>$20,000 - 9 (6.4%)
Total Voters: 141

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21406039 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (108 posts by 21 users deleted.)
ImI
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February 21, 2017, 06:35:12 PM

The longer we go without a decision the more likely the ETF passes. If no decision is made by March 11, then the rule change is automatically approved.

One of the most likely things that people do when faced with a tough decision is to do nothing.

Yes, but "do nothing" in this case means keeping the status quo, shich means "No ETF". The SEC has nothing to gain from such an approval only to loose if lots and lots of money flows into that thing and it fucks up big time in some years from now. Then everybody will be like "Who approved that shit!?"
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February 21, 2017, 06:35:51 PM

We need a Blockchain ETF!  And an HTTP ETF!!  And an IOT ETF!  ETF all the things!

Don't forget the TCP/IP ETF. I hear TCP/IP's the latest thing.  Roll Eyes
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February 21, 2017, 06:39:58 PM

The longer we go without a decision the more likely the ETF passes. If no decision is made by March 11, then the rule change is automatically approved.

One of the most likely things that people do when faced with a tough decision is to do nothing.

Yes, but "do nothing" in this case means keeping the status quo, shich means "No ETF". The SEC has nothing to gain from such an approval only to loose if lots and lots of money flows into that thing and it fucks up big time in some years from now. Then everybody will be like "Who approved that shit!?"

But before the wheels come of, the SEC will happily run the show!
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February 21, 2017, 06:41:47 PM

Yes, but "do nothing" in this case means keeping the status quo, shich means "No ETF". The SEC has nothing to gain from such an approval only to loose if lots and lots of money flows into that thing and it fucks up big time in some years from now. Then everybody will be like "Who approved that shit!?"

But in this case 'do nothing' is a de facto yes. People elsewhere have argued that the ETF will slip out like a turd in a bath without their making a squeak as somehow that absolves them of responsibility if it goes wrong. A yes by doing nothing is still a yes. I can't imagine that's how anyone would choose to operate so we will get a firm decision in some direction.
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February 21, 2017, 06:47:49 PM

ATH Today?


^i'm resetting my dials to $2000 we going to $2000 very very soon :-D weeeee
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February 21, 2017, 06:49:33 PM

Is there any reason at all for SEC to wait before they reject the ETF though? Even on 10th of march, it should be obvious that it's getting approved no?

At all, what most of the people don't know is that the 11th of March is the "deadline", so we can hear about the approval/rejection at time starting from the time of writing this post till the 11th or 10th to be more specific.

As Elwar said, and as I said before, it will be auto approved.

P.S. To be specific, Elwar said "most probably" it will be approved.
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February 21, 2017, 07:00:07 PM

I know the odds are against it but I can't help thinking maybe it might just pass.  I mean, bitcoin is going to happen anyway and the SEC, the governments can't really control that and they must know it.  But an ETF would give them the ability to control the big money that goes in and out of bitcoin even if they can't control bitcoin itself.  An ETF would open up a huge regulatable gateway to bitcoin, of which the government can play gatekeepers to their heart's content!  If the SEC sees it that way, I think it's in  Tongue


That is a very decent point.

I doubt that factor causes the ETF to be a shoe-in, but certainly some road into having some controls over bitcoin could factor into the whole approval matter. 

I think that weighing giving legitimacy to bitcoin (as a negative) and having some control over bitcoin (as a positive from the gov's perspective) continues to cause them some trepidation regarding their decision (which is likely mostly already made, just being finalized in these final weeks concerning actually publishing it.. and whether it gets tweaked a bit here and there before publishing it)
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February 21, 2017, 07:14:57 PM

We need a Blockchain ETF!  And an HTTP ETF!!  And an IOT ETF!  ETF all the things!

Don't forget the TCP/IP ETF. I hear TCP/IP's the latest thing.  Roll Eyes

The Dilbert cartoon below is based on the level of knowledge most business people have about the blockchain. I bet the people at the SEC have been told 'blockchain' will revolutionise business, and if they don't approve the ETF then 'blockchain' will be distressed.

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February 21, 2017, 07:18:06 PM

Is there any reason at all for SEC to wait before they reject the ETF though? Even on 10th of march, it should be obvious that it's getting approved no?

At all, what most of the people don't know is that the 11th of March is the "deadline", so we can hear about the approval/rejection at time starting from the time of writing this post till the 11th or 10th to be more specific.

As Elwar said, and as I said before, it will be auto approved.

P.S. To be specific, Elwar said "most probably" it will be approved.

Organizations are typically consistent. For example, rejections probably happen immediately before the deadline or they happen much sooner in the process? Are there any patterns with regard to rejections from the SEC. The closer we get is it more likely it will be either approved or approved by default?
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February 21, 2017, 07:24:35 PM

I'm concerned that the ETF will provide first toehold into centrally controlling the bitcoin market

edit. In which case I'd prefer the ETF to be rejected
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February 21, 2017, 07:31:09 PM

Ugh, mention in the mainstream news again:

Bitcoin soars above $1,100
http://www.businessinsider.com/bitcoin-price-february-21-2017-2017-2

Queue dump in 3, 2, 1, ...
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February 21, 2017, 07:38:00 PM

We need a Blockchain ETF!  And an HTTP ETF!!  And an IOT ETF!  ETF all the things!

Don't forget the TCP/IP ETF. I hear TCP/IP's the latest thing.  Roll Eyes

The Dilbert cartoon below is based on the level of knowledge most business people have about the blockchain. I bet the people at the SEC have been told 'blockchain' will revolutionise business, and if they don't approve the ETF then 'blockchain' will be distressed.



Very true. You notice a handful of companies shoe-horning "blockchains" into systems that really would see no additional benefit from it? Have a feeling a few "blockchain installation" companies will be popping up offering their expertise to company heads on how the "blockchain" will simply make everything better for their field of work.

And the thing is, those managerial type people tend to be clueless about a variety of topics when you go into a specific enough niche. I work in retail floor maintenance and some of the stupid ass shit you hear from retail employees all the way up to store managers is quite baffling. So I can easily see someone pushing a "blockchain agenda" into a few managers heads at a variety of businesses.
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February 21, 2017, 08:16:27 PM

Is it possible that we go to Mars? Or are we going to stay on the moon for now?
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February 21, 2017, 08:24:30 PM

Is it possible that we go to Mars? Or are we going to stay on the moon for now?

Sorry buddy. I don't think rocket is projected towards Mars. Looks more like pluto  Wink Wink Wink
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February 21, 2017, 08:30:08 PM

Is it possible that we go to Mars? Or are we going to stay on the moon for now?

Sorry buddy. I don't think rocket is projected towards Mars. Looks more like pluto  Wink Wink Wink

Sorry to both of you but ship needs to head back to Earth before embarking the Pluto mission. And I need to get on board too. Tongue  Cheesy Cheesy Cheesy
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February 21, 2017, 08:42:59 PM

Is it possible that we go to Mars? Or are we going to stay on the moon for now?


$1000 is moon?? We were already there in 2013!! Maybe moon for people who bought bitcoin for $30 but it is certainly not even close to moon right now. Get your expectations up... $1000 is old news. Talking about mars and pluto when we can't even break 2013 ATH lol
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February 21, 2017, 08:46:57 PM

Good morning ladies and gentlemen of Bitcoinland.
[...]
Go Bitcoin go. Anyone still waiting for $800?  Wink

Anyone? Nope? Didn't think so  Cheesy
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February 21, 2017, 09:07:50 PM

Is it possible that we go to Mars? Or are we going to stay on the moon for now?


$1000 is moon?? We were already there in 2013!! Maybe moon for people who bought bitcoin for $30 but it is certainly not even close to moon right now. Get your expectations up... $1000 is old news. Talking about mars and pluto when we can't even break 2013 ATH lol


Look at you.  Party pooper.

We have a 5% price increase in 24 hours and a 10% increase in less than a week.  Seems like this whole upward and ongoing price migration situation is going pretty well, and the battle for the ATH has not even begun yet.. has it? - even though I can see that the volume of the past 24 hours has picked up a little bit, those levels do not seem like any kind of battle...

Accordingly.. it seems as if both sides have yet to really employ any kind of meaningful ammunition in regards to our current and ongoing upwards price migration situation.  

Do you see things otherwise?  glass half full?  overly anxious?  expecting more? , which one is it?
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February 21, 2017, 09:37:24 PM

Is it possible that we go to Mars? Or are we going to stay on the moon for now?


$1000 is moon?? We were already there in 2013!! Maybe moon for people who bought bitcoin for $30 but it is certainly not even close to moon right now. Get your expectations up... $1000 is old news. Talking about mars and pluto when we can't even break 2013 ATH lol


Look at you.  Party pooper.

We have a 5% price increase in 24 hours and a 10% increase in less than a week.  Seems like this whole upward and ongoing price migration situation is going pretty well, and the battle for the ATH has not even begun yet.. has it? - even though I can see that the volume of the past 24 hours has picked up a little bit, those levels do not seem like any kind of battle...

Accordingly.. it seems as if both sides have yet to really employ any kind of meaningful ammunition in regards to our current and ongoing upwards price migration situation.  

Do you see things otherwise?  glass half full?  overly anxious?  expecting more? , which one is it?


I mean back in the day we used to wipe our ass with 5-10% rises... now it's considered "moon" and we haven't even broken 2013 ATH. That is not moon. I miss the days of 10X-50X rises which will probably never happen again.... especially if people are putting $1000 price on a pedestal
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February 21, 2017, 09:50:21 PM

those good old times that we really experienced bit moon walks is hard to come Smiley will come only if i see the price from 1055 euro we are now at 12.000euro for example...
of course compare with the $7 that i entered the bitcoin land Smiley  seriously now we are in good path and let's see where we go from here the orders are on fire i love watching the charts and trades now! for me today was not a trade day i'm waiting Smiley
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