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

[moneymaker11]

I think this might be the biggest conspirary theory forum on the internet  

The banksters probably paid you to say that!  

It was the lizard jews from outer space 

[1714507975]

1714507975

[rjclarke2000]

The Friday crypto sea of red.

I must admit above 4K was pleasing to the eye. I'd like to go back please.

[Torque]

Price being pushed down for this?

https://twitter.com/RichardHeartWin/status/910942080704360448

[rjclarke2000]

Price being pushed down for this?

https://twitter.com/RichardHeartWin/status/910942080704360448

No earlier than Oct 4th. What the hell does that mean?  Won't be before but won't be on Oct 4th so could be anytime.

Am I not understanding American wording here due to being British.

Also won't this cause massive shorting? IDK.

[Torque]

Also won't this cause massive shorting? IDK.

Ding ding ding. It's happening right now.

[Last of the V8s]

It's happening.gif  https://www.youtube.com/watch?v=Jw5icKcmdbA
Off Chain Ep. 6 - On-Chain Atomic Swaps with Charlie Lee, Dave Collins and Jake Yocom-Piatt

[rjclarke2000]

Also won't this cause massive shorting? IDK.

Ding ding ding. It's happening right now.

I mean when it's open for business. Won't the price swings get far more violent?

[Torque]

Also won't this cause massive shorting? IDK.

Ding ding ding. It's happening right now.

I mean when it's open for business. Won't the price swings get far more violent?

Oh, sorry, misunderstood. I don't believe LedgerX allows shorting through their platform according to the trading document I read on their site.

Edit:

So I did a little reading of the LedgerX trader's rulebook. Some encouraging things I noticed:

1) Only market/limit order buying and selling

2) No shorting, no margin trading

3) Trading only available Mon. - Fri., 9AM -5PM (so essentially only during U.S. stock market hours)

4) Credit swaps fully collateralized

5) Have to meet certain hedge fund or individual investor requirements to become a member

6) Only available to U.S. based entities

7) Trading to commence in September October

[rjclarke2000]

Also won't this cause massive shorting? IDK.

Ding ding ding. It's happening right now.

I mean when it's open for business. Won't the price swings get far more violent?

Oh, sorry, misunderstood. I don't believe LedgerX allows shorting through their platform according to the trading document I read on their site.

Edit:

So I did a little reading of the LedgerX trader's rulebook. Some encouraging things I noticed:

1) Only market/limit order buying and selling

2) No shorting, no margin trading

3) Trading only available Mon. - Fri., 9AM -5PM (so essentially only during U.S. stock market hours)

4) Credit swaps fully collateralized

5) Have to meet certain hedge fund or individual investor requirements to become a member

6) Only available to U.S. based entities

7) Trading to commence in September October

Thanks torque

Ok so basically I don't know anything about ledgerX but I'm guessing this is a good way for certain people to invest in bitcoin without buying coins so to speak.



How big is this news and why isn't anyone excited yet then?

[fragout]

Also won't this cause massive shorting? IDK.

Ding ding ding. It's happening right now.

I mean when it's open for business. Won't the price swings get far more violent?

No clue here but i saw this in the comments section. - RTFM! "bitcoin..in account.. at least equal to the number of Exchange Contracts it wishes to sell" That means full reserve no naked shorts.

[Torque]

Thanks torque

Ok so basically I don't know anything about ledgerX but I'm guessing this is a good way for certain people to invest in bitcoin without buying coins so to speak.



How big is this news and why isn't anyone excited yet then?

It allows high net worth hedge fund investors and individual investors gain exposure to bitcoin through fully collateralized credit default swaps. This is potentially huge because there are CFTC rules in place that prevent such fund entities from doing this on their own directly. LedgerX has been granted permission to be the clearing house.

I guess no one is excited yet because they haven't seen the impact of what this could do for the market and price. Esp since onboarding isn't until Oct now.

Funny side note, I read an interview with the CEO and founder Paul Chou. He said that he had to laugh when some investors called up and inquired about bitcoin, only to find out that there was a hard cap of 21M and "why can't they just issue more shares?" Lol

At the time it made me think, does that type of shit happen in the stock market world? That they're just issuing more shares on the down low to certain institutional investors? Methinks yes.

[gembitz]

Price being pushed down for this?

https://twitter.com/RichardHeartWin/status/910942080704360448

September 30th-October 4th===> bitcoin goes apeshit !!    #GoGoUSA

https://www.youtube.com/watch?v=MKtkQu_f1_o


 

[Ludwig Von]

Thanks torque

Ok so basically I don't know anything about ledgerX but I'm guessing this is a good way for certain people to invest in bitcoin without buying coins so to speak.



How big is this news and why isn't anyone excited yet then?

It allows high net worth hedge fund investors and individual investors gain exposure to bitcoin through fully collateralized credit default swaps. This is potentially huge because there are CFTC rules in place that prevent such fund entities from doing this on their own directly. LedgerX has been granted permission to be the clearing house.

I guess no one is excited yet because they haven't seen the impact of what this could do for the market and price. Esp since onboarding isn't until Oct now.

CDS are a kind of shorts already. This brings the WS casino to BTC, I wonder if we must be happy with this... .

[NewWorldCoiner]

Thanks torque

Ok so basically I don't know anything about ledgerX but I'm guessing this is a good way for certain people to invest in bitcoin without buying coins so to speak.



How big is this news and why isn't anyone excited yet then?

They'll be buying coins alright:

"Prior to placing a bid to purchase one or more Exchange Contracts, a prospective buyer must post
to LedgerX the USD bid amount of each Exchange Contract it wishes to purchase, the aggregate
amount of which will be debited from such buyer’s account on the Initial Payment Date in
satisfaction of such buyer’s delivery obligation under each such Exchange Contract. At settlement,
the buyer will receive physical delivery of one bitcoin for each Exchange Contract purchased.

Notwithstanding the foregoing, a buyer that has a net short Exchange Contract position at LedgerX
prior to purchasing one or more additional Exchange Contracts will have short positions assigned
to one or more sellers of Exchange Contracts with the same Trade Date. As a result, any such
buyer will receive physical delivery of bitcoin only to the extent that the number of Exchange
Contracts purchased on such Trade Date is net positive (e.g., a buyer with an open short interest
of 5 bitcoin who then purchases 10 Exchange Contracts would receive 5 bitcoin at settlement)."

Should be good IMHO.

[fragout]

THis LedgerX thing is a joke. Tiny limits allowed :0--

F. Contract   Size.      Each   Contract   will   be   for   a   single   Underlying   (i.e., one   bitcoin).

G. Position   Limits.      As   of   any   date   of determination,   

no   person   will   own   or control   
positions   in   excess   of   100,000   Contracts.


So you are not allowed to own more than 100k btc per person. I wonder could you get 200k using the wifes account ?

[Dabs]

Wife, daughter, son, brother, sister ... If you've got enough money to buy half a million bitcoins.

[rjclarke2000]

So is this October the 4th? I didn't understand the no sooner than bit...

Is this what it means? 4th?

[Torque]

So is this October the 4th? I didn't understand the no sooner than bit...

Is this what it means? 4th?

I think that's market speak for "Hey big investors, back the fk off. We're not onboarding you early and before everyone else on our list, no matter how much money you want to throw at us. We're gonna do this in an orderly fashion. Plus we can't until Oct. the 4th anyway."  

At least that is my interpretation.

[Wekkel]

Whatever it is, Bitcoin bites off any hand that tries to 'close it down'. All the negative news lately serves one thing and one thing only: more awareness of this unstoppable thing. It's logical.

[Torque]

Whatever it is, Bitcoin bites off any hand that tries to 'close it down'. All the negative news lately serves one thing and one thing only: more awareness of this unstoppable thing. It's logical.

FUD so big they're now putting it right on the front page! Gotta keep Average Joes far away!

https://www.cnbc.com/

"If you really wanted to turn off the global internet, you'd have to seek out people on every continent and every country," said Cowie from Renesys. "The internet is so decentralized that there is no kill switch." "No you can't do that," said Harvard's Faris. "The internet is designed to be robust. Feb 3, 2011

"Governments will close down bitcoin and cryptocurrencies if they get too big", warns Jamie Dimon Sept 20, 2017