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

[Searing]

Hy guys,

who thinks we will hit +€25k by the end of 2018  

Love to see that but it’s a NO from me

Odds are looking pretty low at the moment, perhaps less than 15%?  Or is that too bearish?

We gotta get above a few pretty strong resistance points, especially between $10k and $17k.... Probably if we were able to get above $17k, then we have pretty decent chances of breaking above previous ATH from there... By the way, I am also reading your €25k as a value of about $28k, since we are talking dollars in this thread, not European funny money.    .... so yeah, once we get above the previous ATH of $19,666, then probably we will be able to get into the sub $30k territory before meeting some resistance, perhaps?

Bureaucrats have NO REASON to do an ETF on Bitcoin and it's...what is it now 65% drop in value within the last year.

They CAN  approve it and have a big mess on their hands or they can deny it and hopes BTC and crypto just go away.

IF we were still above 12k they, IMHO, would have to approve a reasonable ETF, as of now at these prices it is all the excuse they need for 2 years plus NOT to do so.

(again, hope I'm full of sh*t...but kinda doubt it)

[Last of the V8s]

https://twitter.com/RonnieMoas quite funny epic battle with https://twitter.com/PeterLBrandt/with_replies
crapcoin ... fucking scumbag ... cheap shots ... keep your mouth shut ... bozo ... to accuse me of a being part of a pump/dump is a disgusting accusation | I have a STAINLESS 20-year reputation

[Rosewater Foundation]

...and my best friend my doctor won't say what it is that I got.
 

[Last of the V8s]

...and my best friend my doctor won't say what it is that I got.
 

Sorry man I deleted my post as it could be misinterpreted.
Hope you recover soon anyway.

ps https://www.heavensdoor.com/

[Icygreen]

The most important ETF (CBOE + VanEck SolidX) will be on September 30th

Soooo... What you're saying is..... Bitcoin is toast?

[El duderino_]

Puking my guts out ..... lost btc’s today on poker , more bad is the only NON hodler @ the table won i hope he doesn’t sell @ This prices 🤮 🤮

For the rest Common the BITMEX buy/sell are bobs updates.....

[marcus_of_augustus]

China-Bans-Bitcoin -> FED-Silk-Road-Auctions -> SEC-Denies-ETF

gubmint insiders manipulating/trading price on events they control ... same thing has been going on in precious metal markets for decades, they're all as corrupt as fuck and they control the monopoly money racket.

[Roccker]

So,
SEC rejected 9 ETF-Proposals 4 hours ago.
https://www.coindesk.com/sec-rejects-7-bitcoin-etf-proposals/
So far no reaction in bitcoin price. (Everybody sleeping?)
Hopefully it stays above 5800. Hardly anybody seems to believe that anymore.

[Elwar]

So,
SEC rejected 9 ETF-Proposals 4 hours ago.
https://www.coindesk.com/sec-rejects-7-bitcoin-etf-proposals/
So far no reaction in bitcoin price. (Everybody sleeping?)
Hopefully it stays above 5800. Hardly anybody seems to believe that anymore.

Word is out that Bitcoin will suffer in the long run under ETF approval.

Rejections are good for Bitcoin.

I feel dirty that I told the SEC that they should approve the ETF in order to stay relevant. I really don't want them to stay relevant.

[Anon136]

So,
SEC rejected 9 ETF-Proposals 4 hours ago.
https://www.coindesk.com/sec-rejects-7-bitcoin-etf-proposals/
So far no reaction in bitcoin price. (Everybody sleeping?)
Hopefully it stays above 5800. Hardly anybody seems to believe that anymore.

Yea wow. That pull back was nothing considering. Theories about what that means WOs? The "everyone's just asleep" explanation seems unconvincing.

[bones261]

So,
SEC rejected 9 ETF-Proposals 4 hours ago.
https://www.coindesk.com/sec-rejects-7-bitcoin-etf-proposals/
So far no reaction in bitcoin price. (Everybody sleeping?)
Hopefully it stays above 5800. Hardly anybody seems to believe that anymore.

Yea wow. That pull back was nothing considering. Theories about what that means WOs? The "everyone's just asleep" explanation seems unconvincing.

Not much buying on the rumor = Not much selling on the news.

[windjc]

This thread is basically now 100% DERP.

I temporarily lose IQ points reading this gibberish.

Worst thing about corrective bear markets: derp.

[STT]

Seems to be on balance there is substantial speculation on the ETF decisions but its within the short sellers or the most frequent traders expecting some obvious bad news but the vast amount of the normal exchange traffic is not as especially reliant on that decision.   

I think every echo of the first etf denial is more faint then the last.    Maybe the final decision will be the straw to break us out of this area but it still seems to be a common view to hold the negative on this news.

The most important ETF (CBOE + VanEck SolidX) will be on September 30th

Is that the final say for that ETF or just 1 stage of the process and they can revise and come back for some appeal.   Seems we get many encores to this story and I was never certain it mattered that much to begin with.     I still go on following the little users of bitcoin, in 2018 they enabled the smallest users by dropping fees which is all that matters to me really.   The biggest entities can throw gold bars around or whatever asset they prefer, I dont see they have much use for blockchain but will follow if the market does.

Going on what I've read quickly on this 9 ETF news, people think the decision went on the underlying market not being distributed widely or evenly enough.   Futures is sophisticated traders, an ETF has a higher bar to pass.

The recent price rise reached the 50 day moving average and current pricing is just below the 8 day average.   

[JimboToronto]

This thread is basically now 100% DERP.

I temporarily lose IQ points reading this gibberish.

Worst thing about corrective bear markets: derp.

I know what you mean.

[realr0ach]

https://medium.com/@alexander.liegl/a-deductive-valuation-framework-for-cryptocurrencies-a6bfa085a8b6

Garbage.  Anyone trying to scientifically prove cryptocurrency (which is just an artificial scarcity scam at it's base) is a "store of value", will inadvertantly be claiming things like video games sold on Steam are a store of value - another product based on artificial scarcity that appears to have value in the short term, then spectacularly fails in the long term.  

The only way any type of bullshit artificial scarcity scam can be a store of value is by becoming the unit of account of something or the entire economy itself, and for an artificial scarcity scam to achieve such status (since it does not happen naturally) would require centralized govt coercion to force it on people.  Shitcoins depend on violence just like fiat paper in the long run.  They are completely arbitrary, imaginary, valueless tokens and cannot compete with physical commodity money like physical silver and gold as a unit of account or settlement tool.

Bitcoin currently portrays itself as a get rich quick scheme lottery ticket program to sucker in people to promote it.  The second it's market cap peaks and no longer functions as a lottery ticket ponzi, people then all just pile into the next big thing to try and score a new lottery ticket whether it's a new altcoin or something else entirely.  The fact cryptocurrency is an artificial scarcity scam with no valid Schelling point to prevent everyone from abandoning it means it requires violence to not go to zero.

[vroom]

still waiting for carolina 

[realr0ach]

This is a pretty funny economics discussion involving Jordan Peterson and some others.

https://broadly.vice.com/en_us/article/d3k3ex/jordan-peterson-enforced-monogamy-incels

The economics problem is that women practice hypergamy and are all trying to sleep with only 1% of men, while men will sleep with pretty much anything within reason.  That's a pretty BIG economics problem.  The real knee slapper is that the person who wrote the article on Vice is clearly a douchebag, Marxist/commie/socialist leftist, and the solution Jordan Peterson suggests IS socialism - the redistribution of women to stabilize society, and the writer finds it abhorrent HAHAHA.

[kirreev070]

Darth Dildo

Green Dildo (bullish)

[elrippos friend]

Man, always these dildo talks, doesn't lead to anything serious 

[dandannn]

Hy guys,

who thinks we will hit +€25k by the end of 2018  

Love to see that but it’s a NO from me

Odds are looking pretty low at the moment, perhaps less than 15%?  Or is that too bearish?

We gotta get above a few pretty strong resistance points, especially between $10k and $17k.... Probably if we were able to get above $17k, then we have pretty decent chances of breaking above previous ATH from there... By the way, I am also reading your €25k as a value of about $28k, since we are talking dollars in this thread, not European funny money.    .... so yeah, once we get above the previous ATH of $19,666, then probably we will be able to get into the sub $30k territory before meeting some resistance, perhaps?

The problem is so many people who bought around the end of 2017 will be holding out to sell off as soon as we get back up to the last ATH so they can get their money out. I think when we get near the ATH it wont smash straight through, as much as i would love it too.

I also think people will be happy to take a risk buying now and holding until we reach the previous ATH, without them wanting to hold on any longer as they fear the retrace.