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

[BTCMILLIONAIRE]

Coming soon...
New details have been posted about CME Group's upcoming bitcoin futures, which – barring any delays from regulators – will start trading on Dec. 11:
https://www.coindesk.com/cmes-bitcoin-futures-likely-start-trading-december-11/

I hope I'm wrong, but I have a really bad feeling about this one... I can't put my finger on it exactly.

They are trading something derived from bitcoin, not bitcoin itself. Which means it's fictional which means fractional reserve.

It might still have an impact on the real market though... Crypto is a massive clown fiesta after all.

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[julian071]

Language, please. Like you said, with all due respect.

[rolling]

It's probably a good idea to read about futures to understand how they can affect the underlying commodity. If there is a price difference, people can make a profit by arbitrage. Who knows what the volume will be on CME or whether that volume will be enough to move the bitcoin price though.

https://www.investopedia.com/university/futures/
https://www.investopedia.com/terms/c/cash-and-carry-arbitrage.asp

[Wekkel]

Because you have some trouble with an IOTA withdrawal, you urge the rest of the world to leave Bitfinex?

Apparently, IOTA is still a bit too BETA for your nerves (or cryptocurrencies in general). Get a grip.

You, Sir, with all due respect, are an ignorant idiot.
Not going into technical details, go figure out yourself. BETA... I shall get a grip?!

On another note: My Iota withdrawal has been pending for well over 26 hours now after approval.
No reply to my support ticket. No reply to my repeated replies to the same. At best they are running a fractional reserve.

I encourage everybody to at least try to withdraw everything from Bitfinex.
User Wekkel, however, I encourage to deposit everything to Bitfinex, you stupid fucktard.

I still cannot see anything but your personal troubles with IOTA.

But keep tying your personal issue with IOTA/Bitfinex to demanding a full user shutdown of Bitfinex. Talking about fucktard .... 

[erre]

It's probably a good idea to read about futures to understand how they can affect the underlying commodity. If there is a price difference, people can make a profit by arbitrage. Who knows what the volume will be on CME or whether that volume will be enough to move the bitcoin price.

https://www.investopedia.com/university/futures/
https://www.investopedia.com/terms/c/cash-and-carry-arbitrage.asp

Yes but this will still be people "buying" bitcoin without actually really having any coin, I don't like it

[BTCMILLIONAIRE]

It's probably a good idea to read about futures to understand how they can affect the underlying commodity. If there is a price difference, people can make a profit by arbitrage. Who knows what the volume will be on CME or whether that volume will be enough to move the bitcoin price.

https://www.investopedia.com/university/futures/
https://www.investopedia.com/terms/c/cash-and-carry-arbitrage.asp

Yes but this will still be people "buying" bitcoin without actually really having any coin, I don't like it

From your perspective there is very little difference from people purchasing Bitcoin or altcoins on an exchange. Do you dislike exchanges as well?

[rolling]

It's probably a good idea to read about futures to understand how they can affect the underlying commodity. If there is a price difference, people can make a profit by arbitrage. Who knows what the volume will be on CME or whether that volume will be enough to move the bitcoin price.

https://www.investopedia.com/university/futures/
https://www.investopedia.com/terms/c/cash-and-carry-arbitrage.asp

Yes but this will still be people "buying" bitcoin without actually really having any coin, I don't like it

They have to buy or sell "actual" bitcoin for the arbitrage to work without risk exposure.

[HairyMaclairy]

I am really wondering then this bullish run is over.

Can't grow about 500-1000 USD / month forever ...

True; crawling gets old.  It will definitely pick up the pace as we move along.

The last two weeks have been a $2k red candle followed by a $2k green candle.  Just let that sink in for a moment.

[HairyMaclairy]

It's probably a good idea to read about futures to understand how they can affect the underlying commodity. If there is a price difference, people can make a profit by arbitrage. Who knows what the volume will be on CME or whether that volume will be enough to move the bitcoin price.

https://www.investopedia.com/university/futures/
https://www.investopedia.com/terms/c/cash-and-carry-arbitrage.asp

Yes but this will still be people "buying" bitcoin without actually really having any coin, I don't like it

They have to buy or sell "actual" bitcoin for the arbitrage to work without risk exposure.

If the future says “$20,000” and the current price is “10,000”, people will fall over themselves to sell the future and buy real bitcoins.  And market participants are handicapped because they can only buy futures and not the underlying asset.

This is one of the few times in history where average speculators have a regulatory enforced edge on Wall Street.  But the level of whale games is only going to blow out from here.

[gentlemand]

So right this split second if you're on the right markets - Bitcoin + BCH + BTG + BTX = $10,200 ish.

[RoomBot]

Badbitcoin.org has added Bitcoin.com to there list

Roger Ver owns Bitcoin.com...do not trust Roger Ver + (Jihan Wu, Craig Wright [fake Satoshi], Bcash CEO Rick Falkvinge and Bigblockers.) !



http://www.badbitcoin.org/thebadlist/

Pot, meet kettle!

[Ibian]

Badbitcoin.org has added Bitcoin.com to there list

Roger Ver owns Bitcoin.com...do not trust Roger Ver + (Jihan Wu, Craig Wright [fake Satoshi], Bcash CEO Rick Falkvinge and Bigblockers.) !



http://www.badbitcoin.org/thebadlist/

Pot, meet kettle!

Gonna have to elaborate on that, roomba.

[rolling]

It's probably a good idea to read about futures to understand how they can affect the underlying commodity. If there is a price difference, people can make a profit by arbitrage. Who knows what the volume will be on CME or whether that volume will be enough to move the bitcoin price.

https://www.investopedia.com/university/futures/
https://www.investopedia.com/terms/c/cash-and-carry-arbitrage.asp

Yes but this will still be people "buying" bitcoin without actually really having any coin, I don't like it

They have to buy or sell "actual" bitcoin for the arbitrage to work without risk exposure.

If the future says “$20,000” and the current price is “10,000”, people will fall over themselves to sell the future and buy real bitcoins.  And market participants are handicapped because they can only buy futures and not the underlying asset.

This is one of the few times in history where average speculators have a regulatory enforced edge on Wall Street.  But the level of whale games is only going to blow out from here.

You can bet someone will be making that arbitrage trade even if it's not the regulated Walls Street money. You can also bet that Wall Street will be pressuring regulators to let them play.

[podyx]

So right this split second if you're on the right markets - Bitcoin + BCH + BTG + BTX = $10,200 ish.

How much is BTX valued right now?

[BTCMILLIONAIRE]

So right this split second if you're on the right markets - Bitcoin + BCH + BTG + BTX = $10,200 ish.

Without all the splits McAfee would almost certainly be eating his dick soon.

[gentlemand]

How much is BTX valued right now?

0.0032 on the market I'm checking.

[vortex1878]

Because you have some trouble with an IOTA withdrawal, you urge the rest of the world to leave Bitfinex?

Apparently, IOTA is still a bit too BETA for your nerves (or cryptocurrencies in general). Get a grip.

You, Sir, with all due respect, are an ignorant idiot.
Not going into technical details, go figure out yourself. BETA... I shall get a grip?!

On another note: My Iota withdrawal has been pending for well over 26 hours now after approval.
No reply to my support ticket. No reply to my repeated replies to the same. At best they are running a fractional reserve.

I encourage everybody to at least try to withdraw everything from Bitfinex.
User Wekkel, however, I encourage to deposit everything to Bitfinex, you stupid fucktard.

I still cannot see anything but your personal troubles with IOTA.

But keep tying your personal issue with IOTA/Bitfinex to demanding a full user shutdown of Bitfinex. Talking about fucktard .... 

Please elaborate on what it has to do with Iota that Bitfinex is not processing my withdrawal. If you cannot see, maybe opening your eyes might help. Every Iota transaction is executed instantly. If only Bitfinex would send a transaction...
And yes, fucktard stands... Language... Nope.

[HairyMaclairy]

So right this split second if you're on the right markets - Bitcoin + BCH + BTG + BTX = $10,200 ish.

Tell me about BTX.  Can I still claim it?

[Vin]

So right this split second if you're on the right markets - Bitcoin + BCH + BTG + BTX = $10,200 ish.

Tell me about BTX.  Can I still claim it?

Sure.

[vortex1878]

So right this split second if you're on the right markets - Bitcoin + BCH + BTG + BTX = $10,200 ish.

Without all the splits McAfee would almost certainly be eating his dick soon.

The other way round.