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

[Traxo]

or they are talking a bunch of gibble-dee-gook nonsense.  

Seriously, how can you discern what is “gibble-dee-gook nonsense” when you don’t understand technological discussions because you’re not a domain expert in that field? Do you seriously expect that a domain expert can explain to a 5 year old the intricacies of Bitcoin’s Nash equilibrium and Schelling points along with the technological nuances intertwined therein. Ostensibly you just believe everything Core tells you as gospel. Do you also believe everything every expert tells you? Did you believe the lie of the climate scientists when they said that man caused global warming. Did you believe NIST when they said that WTC7 collapsed due to a model which has been hence proven to be implausible?

What if you’re wrong and everybody who followed your advice to ignore Shelby loses all their real Bitcoins? Are you going to apologize? Or run away forsaking your anonymous online identity? Shelby is not anonymous. You are.

[ivomm]

So guys, after reading a bit aroud this incoming ETF thing, I didn't decided yet whether this event will pump or dump the price!

Plus it is not clear whether this time the application will be finally approved!

What do you think?

None of the previous attempts were successful so why would this one be any different?

I don’t forsee it gaining approval, no.
I do hope I’m wrong though because if it was approved I think the price would pump significantly.

It has a chance of approval because it is positioned as 'NOT for plebs' ETF and we all know that SEC only cares about that crowd.
Even with $6000 btc, each share in this ETF will cost $150,000.

Bingo. An ETF for retail investors would be summarily shot down. This ETF is for the wealthy. The SEC will not squander an opportunity to help the rich get richer.

It's the first step toward getting a retail ETF for the plebs approved. The wealthy elites need to be able to get in at the ground floor though, since that's where most of the money will be made. I'd expect the first pleb ETF to be approved when Bitcoin is at $50K+.

I also think that because of this ETF will be approved. Moreover, SEC could have rejected it immediately like the previous requests, but instead it opened a comment page. As for the effect on the price, the expected reaction of the eventual approval will be 20%-ish pump followed by a steady growth until the ETF's start trading. The most conservative guess is by Dec to be in the zone of $18K. There are still some fears among buyers because of the current 7 month lasting bearish trend, so to break the $20K will be tough. However, we should not underestimate the significance of the $billions  to enter the bitcoin markets, so unlike the effect of the futures, I expect new ATH's next year.

[infofront]

So guys, after reading a bit aroud this incoming ETF thing, I didn't decided yet whether this event will pump or dump the price!

Plus it is not clear whether this time the application will be finally approved!

What do you think?

None of the previous attempts were successful so why would this one be any different?

I don’t forsee it gaining approval, no.
I do hope I’m wrong though because if it was approved I think the price would pump significantly.

It has a chance of approval because it is positioned as 'NOT for plebs' ETF and we all know that SEC only cares about that crowd.
Even with $6000 btc, each share in this ETF will cost $150,000.

Bingo. An ETF for retail investors would be summarily shot down. This ETF is for the wealthy. The SEC will not squander an opportunity to help the rich get richer.

It's the first step toward getting a retail ETF for the plebs approved. The wealthy elites need to be able to get in at the ground floor though, since that's where most of the money will be made. I'd expect the first pleb ETF to be approved when Bitcoin is at $50K+.

info - If the SEC approve an ETF tor the wealthy what effect do you think this would have on the price?

Give me numbers brother!

Maybe something like this:


If ETF is approved in late Aug, that couldl trigger a bull run that could take us to the top of the channel by the end of the year. I'll say $50K, conservatively. $60K+ if things get really crazy and manic.

Taking a look at another logarithmic chart by a reputable analyst, masterluc, if we bounce to the top of his middle channel by the end of the year, that would be  ~$60K.

[yefi]

Shit. There was me thinking I was too succinct to ever be multi-quoted.

[JayJuanGee]

are bots allowed in this forum? We need a bot to report if the mempool reaches a critical predefined level. bob does a good job but he has to sleep at least 8 hours per day. so we need a bobbot.

Bots are allowed, so long as they aren't spammy or malicious.

Part of me really wants to learn how to write bots for these forums; start monitoring my node mempool activity stats, and start barking out posts upon an x% rise over y time.

Or learn how to query market APIs, learn how to use graphing libraries, and spit out graphic posts, but, TBH, my IT/Network/Coding past is behind me.

I want to pursue artistic passions.

Bitcoin/Lightning related matters keep me limber enough - staying up-to-date with tech - so as not to completely atrophy those skills. Fucking around with the official LND release now after upgrading my Bitcoin node from 16.0 to 16.1. Haven't built bitcoind from source, with support for esoteric libraries, in quite a long time.

I will write such a bot and publish my bad code. stay tuned

edit: well, I stumbled over my first problem. login requires a captcha test where the bot has to prove it's not a bot, haha
most likely it's possible to login in manually the first time and copy the cookie, I have to try that.

I like the idea of an actual productive bot.

I am sure that there are a few bots that are already here, but those bots probably don't give "bot setting up" advice.  Not in their current programming.

[Last of the V8s]

@infofront what is the meaning of existence?
@infofront how do i get a woman?
@infofront is the mayor your bot-boy?
@infofront sir when moon lambo syscoin?
@infofront have you ever seen the rain?

[gentlemand]

@infofront How do you think alts would react to ETF approval? Won't bitcoin's dominance increase further, if it happens?

The ETF rejection is what started the alt mega run. ETH immediately went to the stars and took everything with it.

If that ETF had passed alts would've taken a monster shit.

This time around I assume people would pile in with applications for alt ETFs if the SolidX one passed, but I don't think it will pass so it's a non speculation.

[El duderino_]

So guys, after reading a bit aroud this incoming ETF thing, I didn't decided yet whether this event will pump or dump the price!

Plus it is not clear whether this time the application will be finally approved!

What do you think?

None of the previous attempts were successful so why would this one be any different?

I don’t forsee it gaining approval, no.
I do hope I’m wrong though because if it was approved I think the price would pump significantly.

It has a chance of approval because it is positioned as 'NOT for plebs' ETF and we all know that SEC only cares about that crowd.
Even with $6000 btc, each share in this ETF will cost $150,000.

Bingo. An ETF for retail investors would be summarily shot down. This ETF is for the wealthy. The SEC will not squander an opportunity to help the rich get richer.

It's the first step toward getting a retail ETF for the plebs approved. The wealthy elites need to be able to get in at the ground floor though, since that's where most of the money will be made. I'd expect the first pleb ETF to be approved when Bitcoin is at $50K+.

info - If the SEC approve an ETF tor the wealthy what effect do you think this would have on the price?

Give me numbers brother!

Maybe something like this:


If ETF is approved in late Aug, that couldl trigger a bull run that could take us to the top of the channel by the end of the year. I'll say $50K, conservatively. $60K+ if things get really crazy and manic.

Taking a look at another logarithmic chart by a reputable analyst, masterluc, if we bounce to the top of his middle channel by the end of the year, that would be  ~$60K.

Don’t know what more crazy shit i could do ..... but breaking those priceses than i need to find something 

[El duderino_]

@infofront what is the meaning of existence?
@infofront how do i get a woman?
@infofront is the mayor your bot-boy?
@infofront sir when moon lambo syscoin?
@infofront have you ever seen the rain?

And Yes syscoin???  lol

[gembitz]

@infofront what is the meaning of existence?
@infofront how do i get a woman?
@infofront is the mayor your bot-boy?
@infofront sir when moon lambo syscoin?
@infofront have you ever seen the rain?

And Yes syscoin???  lol

syscoin ann'ed same board as bti/instant .. um what me worry? =) noobs<<<

[JayJuanGee]

Oh?  So you are going to pick up the Shelby (anunymint) slack to inform us about something of substance?  Or you just want to defend a troll?  Aka banned person?  By the way, if you have arguments that are really technical in nature, then you might want to present them in another thread.. If you want to spread some unsubstantiated and confusing claims like anunymint was presenting, then maybe you will find yourself in a similar fate, as him?

You’re an expert troll. Kudos.

Your repetitively asserting such is not going to make it true - and how much credibility do you have, actually - especially, when you continue to post nonsense..... right?   And, your ongoing failure and refusal to attempt to provide any kind of substance rather than personal attacks and status assertions, seems to demonstrate that you have no real intention to provide meaningful substance in your posts.

[JayJuanGee]

So guys, after reading a bit aroud this incoming ETF thing, I didn't decided yet whether this event will pump or dump the price!

Plus it is not clear whether this time the application will be finally approved!

What do you think?

None of the previous attempts were successful so why would this one be any different?

I don’t forsee it gaining approval, no.
I do hope I’m wrong though because if it was approved I think the price would pump significantly.

It has a chance of approval because it is positioned as 'NOT for plebs' ETF and we all know that SEC only cares about that crowd.
Even with $6000 btc, each share in this ETF will cost $150,000.

Well there is one thing that has changed, that was a bit of a seeming concern for the SEC in the previous ETF application denials - and that is seemingly increased liquidity and increased financialization of the bitcoin space.  So, such increases in liquidity comes from higher prices and also from more exchanges.  The increased financialization comes from the entrance of larger and large players and more tools for them to make big entrances into BTC... However, both of these are moving targets, but they both seem to continue to move into the positive direction (overall.. of course some of the price volatility and the ongoing frothiness of some of the alt coins and ICOs can detract from some of this, too).

[Last of the V8s]

[Traxo]

Oh?  So you are going to pick up the Shelby (anunymint) slack to inform us about something of substance?  Or you just want to defend a troll?  Aka banned person?  By the way, if you have arguments that are really technical in nature, then you might want to present them in another thread.. If you want to spread some unsubstantiated and confusing claims like anunymint was presenting, then maybe you will find yourself in a similar fate, as him?

You’re an expert troll. Kudos.

Your repetitively asserting such is not going to make it true

Your repetitive pattern of eating the “feeding the troll” troll bait is making it true.

and how much credibility do you have, actually

Appeal to authority eh. And you how much credibility do you have?

And, your ongoing failure and refusal to attempt to provide any kind of substance rather than personal attacks and status assertions, seems to demonstrate that you have no real intention to provide meaningful substance in your posts.

You talk about yourself when you think you are talking about others. It is freakin’ hilarious.

The substance was provided. You have so many excuses as to why you don’t have time to read it, can’t comprehend it, or how it wasn’t written especially tailored for your comprehension.

Contemplating[BTFD and preparing to sell].

We can make a deal.  Instead of ranting about how no one respects your authority, how about you tell us something important, interesting or at least entertaining.  We will then respect you in the morning.

@anunymint provided it already.

Cats think animals that primarily sense movement can’t see them. They (small cats as pictured) are not interested in whether humans can see them. You’re not food.

I've been in this space for nearly 5 years,  

So has @anunymint. And he has been a programmer for 40 years. You?

Did you believe NIST when they said that WTC7 collapsed due to a model which has been hence proven to be implausible?

Again, we are deviating off topic, and this is an example in which there is evidence both ways... and we need not get into details of off-topicness in order to prove the extent to which we may or may not have developed sufficient critical thinking skills, right?

Lol. No there is no evidence at all for the government’s story. Once again you do not study the details.

Here you go.. mischaracterizing my assertion as giving advice to "ignore Shelby"... People can do whatever the fuck they want.  Whatever, my comments were to Shelby or to you stand on their own.

Good you’ve come clean on that. I could certainly get the impression that you were trying to form an echo chamber and groupthink by slapping each other on the back for writing derogatory comments about Shelby’s attempt to help hodlers not lose their real Bitcoin.

Do you recall our stupid ass previous troll, Stolfi, who presented himself and his arguments in this thread for a few years, and he was proclaiming to be a neutral professor.. and who gives a ratt's ass if he really was a professor, because his ideas were wrong, trollish and misleading.

You were around this forum for 5 years and you do not even know that Shelby was refuting Stolfi both here and at Redditard. You don’t get out much from this echo chamber do you?

your butt buddy … your butt buddy … your butt buddy … your butt buddy … your butt buddy … your butt buddy

Highly intellectual comments. Ty.

figure out a way to present and tailor their ideas to such audience(s) to the extent that they believe their presentation serves their purpose(s)

Indeed. That is why @anunymint did not try to make the argument strongly here. That would be futile. He obviously did not present the warning to help you. You are beyond help. He obviously presented the information for other reasons. And I doubt you can figure out what those reasons are.

[HairyMaclairy]

Hey Traxo

We can make a deal.  Instead of ranting about how no one respects your authority, how about you tell us something important, interesting or at least entertaining.  We will then respect you in the morning.

Do we have a deal ?

[Rosewater Foundation]

the mayor

[JayJuanGee]

or they are talking a bunch of gibble-dee-gook nonsense.  

Seriously, how can you discern what is “gibble-dee-gook nonsense” when you don’t understand technological discussions because you’re not a domain expert in that field?

Exhibit A.. Your posts (or the posts of your butt buddy) tend to be gibble-dee-gook nonsense, except perhaps a few attempts to provide substance, here and there.

Regarding your so much technical expertise, get the fuck out of here and go to a technical thread. If you (or your butt buddy) cannot frame your arguments and facts in terms of the substance of the thread (and likely in a less technical way), then you should probably be presenting links to your technical posts here, rather than getting into the weeds of such technicalities.

Do you seriously expect that a domain expert can explain to a 5 year old the intricacies of Bitcoin’s Nash equilibrium and Schelling points along with the technological nuances intertwined therein.

Hopefully you will be able to figure out your audience and attempt to tailor your presentation to such audience rather than beating up on your audience?  Good luck.

Ostensibly you just believe everything Core tells you as gospel.

I've been in this space for nearly 5 years, but I have been on this planet quite a bit longer than that. I have developed pretty decent critical thinking skills, but sure, of course sometimes, I make leaps of faith and sometimes I take the words of others who are otherwise making sense to my level of knowledge.  Sometimes,  through the presentation of an argument it becomes obvious that a snow job is being made, even if the technicals are not understood.  More technical arguments should be presented to more technical peeps, and less technical arguments can still involve reliance on technicals but have less technical presentation(s).  I take everything with a grain of salt, so don't go making up shit and trying to assert that I am unwilling or unable to be critical of core.  And, in the end, who gives a shit what I think?  I am not trying to convince anyone of anything when it comes to some of the segwit is garbage nonsense that you and your butt buddy have been presenting... in those cases, you and your butt buddy have the burden to provide your evidence and/or arguments to make your points clear and/or convincing.  Good luck.

Do you also believe everything every expert tells you?

Already answered this, and in essence, the answer is no.

Did you believe the lie of the climate scientists when they said that man caused global warming.

Whether I believe or not in this off-topic assertion, I can see that the way you present the question assumes the supposedly correct answer, no?

Did you believe NIST when they said that WTC7 collapsed due to a model which has been hence proven to be implausible?

Again, we are deviating off topic, and this is an example in which there is evidence both ways... and we need not get into details of off-topicness in order to prove the extent to which we may or may not have developed sufficient critical thinking skills, right?

What if you’re wrong and everybody who followed your advice to ignore Shelby loses all their real Bitcoins?

Here you go.. mischaracterizing my assertion as giving advice to "ignore Shelby"... People can do whatever the fuck they want.  Whatever, my comments were to Shelby or to you stand on their own.   

Are you going to apologize?

For what?  You fucking goof ball trolls get so caught up into personal attacks that you lose sight of your own failing and refusing to back up your own presentations.  Go on present something worth reading, beyond a personal attack or an assertion to status.

Or run away forsaking your anonymous online identity? Shelby is not anonymous. You are.

I already addressed this stupid-ass anonymous issue in a previous post to your butt buddy, and in essence, his supposed lack of anonymity does not bring him further credibility if he is lacking in substance and/or foundation.  Do you recall our stupid ass previous troll, Stolfi, who presented himself and his arguments in this thread for a few years, and he was proclaiming to be a neutral professor.. and who gives a ratt's ass if he really was a professor, because his ideas were wrong, trollish and misleading.  The same is likely true for both you and your butt buddy because you spend so much time attempting to present and assert status, rather than providing actual substance (facts and/or logic).

[WhatsBitcoin]

You’re not food.

Would you bet your dick on that?

[JayJuanGee]

[edited out]

You talk about yourself when you think you are talking about others. It is freakin’ hilarious.

It is not that hilarious.  You sound distracted.

I've been in this space for nearly 5 years, 

So has @anunymint. And he has been a programmer for 40 years. You?

Maybe you should go suck anunymint's dick, if he has one?

This is not about me, and even if I were a 10 year old, we are talking about you and your butt buddy's apparent inability or unwillingness to present ideas, beyond ongoing assertions of status or character attacks or appeals to personalities.  Does not move the conversation along.

I will agree with you that if someone is attempting to present a position, then it is best that they have experience and knowledge with the substance that they are attempting to present.  Whether they are convincing 10 year olds or some other demographic, they have to figure out a way to present and tailor their ideas to such audience(s) to the extent that they believe their presentation serves their purpose(s), such as educating or selling.  Again, mere appeal to status and experience is not going to be enough, if the ideas and presentation is bad, yet there would be some kind of presumption that the presenter has such skills/experiences in order to be able to present good and compelling ideas.

[CheapYoutubeHits]

When are we gonna go to the moon