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

[Last of the V8s]

Are there any other ETFs waiting for approval or is this the lot?

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

By then, but it could be denied/allowed/delayed before then.
At a time to suit them. Not us.

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[Ted E. Bare]

People no longer care about the ETF thing. I do not think it will have much effect on the price.

[doc12]

And now the shorters hoping for a dump will get Rekt hahaha that would be delicious.

[Ted E. Bare]

There will always be people selling at the bottom.

[gentlemand]

By then, but it could be denied/allowed/delayed before then.
At a time to suit them. Not us.

https://www.coindesk.com/sec-rejects-7-bitcoin-etf-proposals/

The same wordings for each rejection. And I don't think the Vaneck thing can do anything different to address this gripe. The whole ETF concept just isn't going to fly for a decent amount of time.

[JayJuanGee]

Fuck, that’s depressing. I work for myself so don’t have to put up with most of that crap, I do OK but I am not a rich man.
That meme is depressing AF though.

Hopefully those of us here who HODL at least 10-15 bitcoin’s won’t have to worry about money in the medium to long term future. $100,000 per coin would be very nice.

You are correct that 10-15 coins should serve as a pretty decent base stash of BTC into the future, and perhaps even a 5-10 year time line, 10-15 coins should hold a real decent value, perhaps $100k per does not seem unrealistic in that kind of 5-10 year time frame, if not sooner.

I have been considering another hypothetical way to get someone started in bitcoin.

Let's try to make some round and realistic numbers, and suggest that a person can reasonably (without stressing his/her finances) get a hold of $12k to invest in BTC in the next 8 months.  Some of that would be coming from expected extra cash flow, and the other part from savings or moving over from other investments.

How would you invest?

My recommendation would be to divide it into 1/3rds ... and therefore, pretty much the 1st 1/3 = $4k would be invested more or less immediately, the 2nd 1/3 would be dollar cost averaged over the 8 months (therefore $500 per month - or even $125 per week), and the last 1/3 would be attempting to strategize and to buy on dips... The buying on dips might be the most complicated formula to work out, but perhaps having a plan to buy $500 if the price goes below $5700, and then in $500 increments, and if the price actually does dip lower and faster to tweak the plan from there so you never run out of money to buy on dips (AKA BTFDs).  If the price goes up, instead of down, the plan to buy on dips can be tweaked too.. but there should always be a plan to NOT run out of "buy on dip" money. 

After 8 months (or even perhaps 6 months) you can reassess the situation and decide whether to allocate more money to each of the categories or just to let your investment ride.  Another concern would be what is your overall goal?  Do you want to invest 1% or 10% or some other portion of your overall investment capital.  I don't think that it is prudent to attempt to accomplish that goal in the first 8 month period, but perhaps achieving such goal in a second 8 month period seems reasonable... furthermore establishing and following an investment plan for 16months in bitcoin would like put you in the category of bitcoin OG at the end of such period.. while, hopefully you are studying the subject during your approximately 16month initial investment period (or some other period that reasonably fits your personal style, finances and life circumstances.

[Last of the V8s]

By then, but it could be denied/allowed/delayed before then.
At a time to suit them. Not us.

https://www.coindesk.com/sec-rejects-7-bitcoin-etf-proposals/

The same wordings for each rejection. And I don't think the Vaneck thing can do anything different to address this gripe. The whole ETF concept just isn't going to fly for a decent amount of time.

Good so can we move on with the dwarf-juggling.

[Derpinheimer2]

People no longer care about the ETF thing. I do not think it will have much effect on the price.

Hahahhahahahahahahahahahahahahahahahaha that's a good one.

You weren't serious right? If it gets denied on the 30th we're going down another 50%.

[gentlemand]

Hahahhahahahahahahahahahahahahahahahaha that's a good one.

You weren't serious right? If it gets denied on the 30th we're going down another 50%.

Just like the first Winklevoss rejection, right?

It's similar to the Silk Road auctions. The first was the big scary boogeyman. The latter ones no one gave a fuck.

Each rejection makes it clearer and clearer that any ETF is not going to pass. At this point you'd have to be a prize dimwit to expect one to get through.

[Gyrsur]

https://twitter.com/bitmexrekt

[Derpinheimer2]

Hahahhahahahahahahahahahahahahahahahaha that's a good one.

You weren't serious right? If it gets denied on the 30th we're going down another 50%.

Just like the first Winklevoss rejection, right?

It's similar to the Silk Road auctions. The first was the big scary boogeyman. The latter ones no one gave a fuck.

Each rejection makes it clearer and clearer that any ETF is not going to pass. At this point you'd have to be a prize dimwit to expect one to get through.

It crashed big after the Winklevoss one and may have held up just because of optimism for this one.

https://twitter.com/bitmexrekt

Puny! These are more fun.

[gentlemand]

It crashed big after the Winklevoss one and may have held up just because of optimism for this one.

Am referring to the first rejection in 2017.

[JayJuanGee]

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?

[Rosewater Foundation]

Come now, there's only about another 18 months to go. Think of it as an opportunity.
You could master a new skill, like dwarf-tossing or speaking Romanian.
Or maybe go on a sponsored camel trek across the Taklamakan raising money for impoverished guitarists.
Or write a devastating critique of the hairdressing trades.
The world is your oyster, young man. Go forth and pluck a pearl.

Last time you told me to get away from it all it was Paris and we were in the 5-digits. I'm not saying r0ach was right. I'm saying this calamari is making me sick.

[Rosewater Foundation]

Odds are looking pretty low at the moment

[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?