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

[Robin,Hood]

The poll is looking much more bullish this week - good to hear

BTC dominance is approaching 50% and the highest its been this year - you think it will hit 50% or will we see an alt surge?

The whole reason alts exploded goes back to the first LTC pump. People got it in their head that when bitcoin pumps, alts pump harder. But, just like any "known" trend, once it is known, it doesn't work anymore. Alts need to beat bitcoin on pumps consistently to make up for the risk of holding the shit. It isn't really happening on this pump and that may very well spell the end for 90% of the alts when all the dust settles.

I am sure you got the first lct pump wrong
1st  2012-01-23 $0,0027  to 2012-02-02 $0,0272 = 907.40%
2nd 2012-05-29 $0,0023 to 2012-07-31   $0,064 = 2682.60%
3rd  2013-01-04 $0,0699 to  2013-04-09 $4,8400 = 6824.17%
4th 2013-10-21 $1,7 to  2013-11-27$ 43,39 = 2452.35% your first LTC pump came on top of a 6824% rise ($43 is closing price, intraday high $48)
5th 2017-03-10 $3,75 to 2017-09-01 $86,04 = 2194.4%
2017-09-14 $41,58 to 2017-12-18 $358,34 = 761.80%

Dash
2014-04-10 $0,46 to 2014-05-25 $15,13 = 3189.13%

Ethereum
2015-08-06 $0,2075 to 2015-08-13 $1,83 = 781.92%

Ethereum classic
2016-07-25 $0,6 to 2016-08-06 $2,7 = 350%

Monero
2016-08-02 $1,49 to 2016-09-05 $13,96 = 836.91%

Neo
2017-04-24 $0,17 to 2017-06-19 $11,72 = 6794.11%

Cardano
2017-11-05 $0,0206 to 2018-01-04 $1,11 = 5288.34%

XRP
2017-03-04 $0,003447 to 2017-05-17 $0,394132 11334.05%

EOS
lol


In the crazy world of ours LTC is considered a slow mover.

[1714291839]

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[Elwar]

Current price surge for Bitcoin is mainly based on ETF hype.

Alts are not included in a Bitcoin ETF.

But likely if it's a rules change that allows Bitcoin to get ETF approval, other alts will try to get ETF approval.

The SEC then becomes the gatekeeper of which alts rise with Bitcoin.

[El duderino_]

A small dump ,enough to see tera coming back ??

[Rosewater Foundation]

Everybody act surprised.

[HairyMaclairy]

Current price surge for Bitcoin is mainly based on ETF hype.

Alts are not included in a Bitcoin ETF.

But likely if it's a rules change that allows Bitcoin to get ETF approval, other alts will try to get ETF approval.

The SEC then becomes the gatekeeper of which alts rise with Bitcoin.

Which is why we won’t get a Bitcoin ETF.  SEC doesn’t want the headache of a Bcash lol ETF or a Ripple ETF.

[LFC_Bitcoin]

A small dump ,enough to see tera coming back ??

Most likely with predictions of $3,000 bitcoin’s or something like that.

[Last of the V8s]

At least one of the ETF applications is indeed for a basket of 10 coins.
https://altcointoday.com/bitwise-files-with-us-securities-and-exchange-commission-to-launch-crypto-etf/

[HairyMaclairy]

[Rosewater Foundation]

A small dump ,enough to see tera coming back ??

Most likely with predictions of $3,000 bitcoin’s or something like that.

We could have gone that low. We could still go that low. Don't count your chickens until they've hatched, I say. $6,000 seemed nonsense at $19,000. How soon we forget. 

[gentlemand]

Current price surge for Bitcoin is mainly based on ETF hype.

Alts are not included in a Bitcoin ETF.

But likely if it's a rules change that allows Bitcoin to get ETF approval, other alts will try to get ETF approval.

The SEC then becomes the gatekeeper of which alts rise with Bitcoin.

Which is why we won’t get a Bitcoin ETF.  SEC doesn’t want the headache of a Bcash lol ETF or a Ripple ETF.

Yeah. I'll bet the SEC rue the day any crypto darkened their doorway.

They're now snowed under with memes, 'YU no listings Rapecoin FUK U' emails and no doubt plenty of sneering from their old school buddies.

If I was running it I'd have a 'crypto ETF application' link on the site pointing to a page with nothing but this on it.

[LFC_Bitcoin]

A small dump ,enough to see tera coming back ??

Most likely with predictions of $3,000 bitcoin’s or something like that.

We could have gone that low. We could still go that low. Don't count your chickens until they've hatched, I say. $6,000 seemed nonsense at $19,000. How soon we forget.  

I’m hoping we’re out of the woods now but any ETF rejection (which is likely imo) will likely stop any upwards movement. Then again we said that last time yet it was rejected but we still headed to $19,xxx

[El duderino_]

how many % would be in favor for an ETF approval ?

most in here saying its gonna be refused for at least a year or so.....

[Rosewater Foundation]

Eeeteee-eff. It's like a magical incantation at this point.

[El duderino_]

yesterday seen the new ant-man.... there been said not crypto and other things but quantum tech is the big future
just like crypto keep coming up in movies and shit  

[ivomm]

Current price surge for Bitcoin is mainly based on ETF hype.

Alts are not included in a Bitcoin ETF.

But likely if it's a rules change that allows Bitcoin to get ETF approval, other alts will try to get ETF approval.

The SEC then becomes the gatekeeper of which alts rise with Bitcoin.

Which is why we won’t get a Bitcoin ETF.  SEC doesn’t want the headache of a Bcash lol ETF or a Ripple ETF.

Now I am sure we will get ETF. If everyone in this forum was sure then I would have my doubts. Usually it happens exactly the opposite to the predominant opinion here  

[LFC_Bitcoin]

how many % would be in favor for an ETF approval ?

most in here saying its gonna be refused for at least a year or so.....

I’d love it to be approved because it means more money will pour into bitcoin which means a higher price for bitcoin.

What I want & what I think is different though.....I think all bitcoin ETF attempts will be denied for a while yet.

[El duderino_]

how many % would be in favor for an ETF approval ?

most in here saying its gonna be refused for at least a year or so.....

I’d love it to be approved because it means more money will pour into bitcoin which means a higher price for bitcoin.

What I want & what I think is different though.....I think all bitcoin ETF attempts will be denied for a while yet.

what would be the biggest factor for approval in your opinion ?  and yes everything thats a moneyflow into crypto is good 
but everything on its time we are patient 

[Last of the V8s]

how many % would be in favor for an ETF approval ?

most in here saying its gonna be refused for at least a year or so.....

I’d love it to be approved because it means more money will pour into bitcoin which means a higher price for bitcoin.

What I want & what I think is different though.....I think all bitcoin ETF attempts will be denied for a while yet.

what would be the biggest factor for approval in your opinion ?  and yes everything thats a moneyflow into crypto is good 
but everything on its time we are patient 

They need a set of nominally compliant exchanges - no wash trading or spoofing allowed lol

[Wekkel]

"Banks have lost the race":
https://medium.com/2gether/why-we-are-going-to-change-the-world-well-at-least-we-will-try-384a4c5930f

[Last of the V8s]