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

[Elwar]

https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
wtf etf?
https://twitter.com/CNBC/status/1022586017734426624

No ETF because...bitcoin is traded outside the US.

Unlike gold, oil, etc.?

[Elwar]

Well, that dip was entirely uncalled for !

Looks like the rejected Winklevoss ETF might have spooked the ETF hype folks.

The reason given is that there is too much manipulation of bitcoin prices outside the US.

There is nothing different with the other ETF applications that would change that.

[Last of the V8s]

https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
wtf etf?
https://twitter.com/CNBC/status/1022586017734426624

No ETF because...bitcoin is traded outside the US.

Unlike gold, oil, etc.?

https://www.sec.gov/rules/other/2018/34-83723.pdf
full excuses here. have not read. moving some stops lol

[Biodom]

https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
wtf etf?
https://twitter.com/CNBC/status/1022586017734426624

No ETF because...bitcoin is traded outside the US.

Unlike gold, oil, etc.?

In fiat some get vastly different interest rates then the rest of us.
As a result, in fiat system some (with interest rates close to zero) can accumulate vast amounts of assets.

Don't expect the unfair system to play fair with the competition.

[Elwar]

The SEC gave a roadmap for how they would accept a rule change:

"existing or newly created bitcoin futures markets may achieve significant size, and an ETP listing exchange may be able to
demonstrate in a proposed rule change that it will be able to address the risk of fraud and
manipulation by sharing surveillance information with a regulated market of significant size
related to bitcoin, as well as, where appropriate, with the spot markets underlying relevant
bitcoin derivatives. Should these circumstances develop, or conditions otherwise change in a
manner that affects the Exchange Act analysis, the Commission would then have the opportunity
to consider whether a bitcoin ETP would be consistent with the requirements of the
Exchange Act."

[HairyMaclairy]

https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
wtf etf?
https://twitter.com/CNBC/status/1022586017734426624

No ETF because...bitcoin is traded outside the US.

Unlike gold, oil, etc.?

https://www.sec.gov/rules/other/2018/34-83723.pdf
full excuses here. have not read. moving some stops lol

Have skimmed at 200 mph.  Permanent disallowance of Winklevoss trust trading.  Assume this is shooting down the Winkle ETF?


Edit:  now I read the tweet.  Today is obviously do things the hard way day.

Let’s see if $8k is hot air


Whee $140 down in the time it took me to write that sentence

[Rosewater Foundation]

[mymenace]

What happened with the SEC i thought it was all in motion to announce close to the 10th August

What the hell am I missing.

This is frustrating.   

Try to play the game it does not work. Any help.

[HairyMaclairy]

Don’t believe the hype.  It was never going to happen.

Buying opportunity of a lifetime coming.  Patience. 

[Last of the V8s]

What happened with the SEC i thought it was all in motion to announce close to the 10th August

What the hell am I missing.

This is frustrating.   

Try to play the game it does not work. Any help.

This is a different etf than the one we were all talking about.

[Last of the V8s]

Don’t believe the hype.  It was never going to happen.

Buying opportunity of a lifetime coming.  Patience.  

[European Central Bank]

https://www.sec.gov/rules/other/2018/34-83723.pdf
full excuses here. have not read. moving some stops lol

https://www.reddit.com/r/BitcoinMarkets/comments/91z04r/daily_discussion_thursday_july_26_2018/e33dchi/

summary there. none of them are gonna pass.

[Ibian]

Bbut... but Anon, it's like when you want a car engine to 'scale' to higher horsepower and speed, the most straightforward way is to simply add more cylinders!  V32 engines for everyone so we can get places faster, amiright?  /s

Stupid analogy is stupid.

If you want a transportation analogy, a closer analog would be passenger demand for a certain train route exceeding capacity solved by adding more passenger cars to the train.

Still a stupid analogy, but an order of magnitude closer to the situation at hand.

Dude you are eating my merits! Put those pic'a'nic baskets down!

For the record, I maintain that segwit was a mistake. And that bcash is shit. And no, these are not contradictory, Torque. Feel less and think more.

[Raja_MBZ]

https://www.sec.gov/rules/other/2018/34-83723.pdf

[Rosewater Foundation]

https://www.sec.gov/rules/other/2018/34-83723.pdf
full excuses here. have not read. moving some stops lol

https://www.reddit.com/r/BitcoinMarkets/comments/91z04r/daily_discussion_thursday_july_26_2018/e33dchi/

summary there. none of them are gonna pass.

It's like abracadabra. You have to say eeeteee-eff and have magical powers. Otherwise it's just nonsense.

[El duderino_]

https://www.telegraaf.nl/video/2348937/bitcoin-met-waarde-van-100-000-euro-onvermijdelijk

100000$ btc or much more  unavoidable

@wekkel ..., your dutch? And let iT be unavoidable ... Thats total fine for me 

[Last of the V8s]

Spoofy defeated the SEC


Please place your altcoins in the receptacle provided.

[Last of the V8s]

Wait actually the last ETF denial lead to a huge run-up on the altcoins, so umm...

[El duderino_]

https://www.telegraaf.nl/video/2348937/bitcoin-met-waarde-van-100-000-euro-onvermijdelijk

100000$ btc or much more  unavoidable

Wow! In case you didn't notice, Wekkel have just sent you *50* Merits. That's bullish as fuck!

What do that news say?

P.S.: It looks like it is something like this:

'Bitcoin with value of 100,000 euros inevitable'
Yesterday, 4:30 PM in NEWS

The bitcoin will get a value of one tonne. That says Mike Hutting, owner of BTC Direct, in the weekly crypto update. Although there is also another, slightly less positive scenario possible for the Bitcoin.

- i was Just looking in This guess list and saw much more *merit* a number i thought there was a mistake
BUT no indeed wekkel sended *50* thx....So got Some Smerit ammo with it  

- Yes indeed they Where talking positive,  something like that,  and that the only less positive is what we already know .... goverment attack but they also say like almost impossible.....,and if When the tech would fail whats also not seems to be happening any day soon.....
(They also have a platform talking about how Many more new accounts etc much more new peoples wanna get involved etc ....)

[Searing]

https://www.sec.gov/rules/other/2018/34-83723.pdf
full excuses here. have not read. moving some stops lol

https://www.reddit.com/r/BitcoinMarkets/comments/91z04r/daily_discussion_thursday_july_26_2018/e33dchi/

summary there. none of them are gonna pass.

I agree. It would require a 'bureaucratic institution" to 'stamp' BTC as 'legit money', so to speak.

With the current dysfunction in D.C., how would they even make that determination without feedback from the Trump Administration?

So with NO clarity of intent of any kind, this will continue 'forever'. It is the safe bet to 'deny' it is a risk to the SEC's reputation to

confirm, even if the confirmation would only result in the current administration chastising them, why take the risk. Group Think at its best.

It seems a lot and I mean a lot more adoption and acceptance will have to happen first, I just don't see this happening this year

or next year. Sad to say.