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

[bitcoinPsycho]

re: Poll. Voted 2020. Don't see a new ATH this year.

Gut is telling me once we breach $9k, it's going to be a very hard slog to find support at $10k.

I voted 2019 .reason:  THIS IS BITCOIN

[PaivanTreidi]

It is interesting that this ETF thing is so important. This side of the pond I could have invested in crypto ETFs for years now... Nothing new...

AFAIK, Crypto ETFs are baskets of shares of selected crypto companies. I think a cryptocurrency ETF exists already, but it includes ETH and other shitcoins. The ETFs under SEC scrutiny would include btc only. What's more, some of them are designed for settlement in kind, not in cash (that is, bitcoin - not USD). The importance or usefulness of such a financial instrument is debatable, but it can't be dismissed as "nothing new".

Where's the novelty? Everyone would be able to buy (paper) btc through their stock market broker, without having an account at an exchange. Besides, if the settlement is really in kind, the ETF issuer would have to hold/buy/sell matching amounts of the underlying asset (btc) or bear the risk when the ETF holder asks for payment. That is, if fuckery can be ruled out. Which is a big IF.

The swedes have an ETN that tracks Bitcoin only. They call it an etf. As I understand it it is an ETN though.

[Wekkel]

re: Poll. Voted 2020. Don't see a new ATH this year.

Gut is telling me once we breach $9k, it's going to be a very hard slog to find support at $10k.

I voted 2019 .reason:  THIS IS BITCOIN

Never Go full retard 

[MrFreeRoMan]

Lovin the hat.

Thanks!

 Hey! Did you see some little prick drop-kicked the Governator while his back was turned?  He took it like the champ he is though and in his typical deadpan style said, "I'm just glad the idiot didn't interrupt my Snapchat."

https://www.cbc.ca/news/entertainment/schwarzenegger-kicked-south-africa-1.5141774


edit: the hat looks good on you!

edit2: compliments of MrFreeRoMan


 

Ty

Used imgflip, but not displayed

Edit: @xhomerx10  can you prepare for me a hat, please! But I can wear only in a month

[BitcoinGirl.Club]

 

LOL why is that guy kicking this old horse from the back? 🤣

Good morning WO brothers.

Observing @ $7,864
$9k please.

[BitcoinGirl.Club]

What year will we achieve a new ATH?
2020 is my guess.

[Biodom]

It is interesting that this ETF thing is so important. This side of the pond I could have invested in crypto ETFs for years now... Nothing new...

AFAIK, Crypto ETFs are baskets of shares of selected crypto companies. I think a cryptocurrency ETF exists already, but it includes ETH and other shitcoins. The ETFs under SEC scrutiny would include btc only. What's more, some of them are designed for settlement in kind, not in cash (that is, bitcoin - not USD). The importance or usefulness of such a financial instrument is debatable, but it can't be dismissed as "nothing new".

Where's the novelty? Everyone would be able to buy (paper) btc through their stock market broker, without having an account at an exchange. Besides, if the settlement is really in kind, the ETF issuer would have to hold/buy/sell matching amounts of the underlying asset (btc) or bear the risk when the ETF holder asks for payment. That is, if fuckery can be ruled out. Which is a big IF.

The swedes have an ETN that tracks Bitcoin only. They call it an etf. As I understand it it is an ETN though.

You can buy that ETN (called Bitcoin tracker or something similar) on Fidelity (even retirement accounts can buy).
I bought a little just to see how it works. It does track btc mostly OK. Big gaps because of weekends, of course.
Trades as CXBTF (in US).
https://xbtprovider.com/products/bitcoin-tracker-one

[xhomerx10]

Lovin the hat.

Thanks!

 Hey! Did you see some little prick drop-kicked the Governator while his back was turned?  He took it like the champ he is though and in his typical deadpan style said, "I'm just glad the idiot didn't interrupt my Snapchat."

https://www.cbc.ca/news/entertainment/schwarzenegger-kicked-south-africa-1.5141774


edit: the hat looks good on you!

edit2: compliments of MrFreeRoMan


 

Ty

Used imgflip, but not displayed

Edit: @xhomerx10  can you prepare for me a hat, please! But I can wear only in a month

 FYI file size has to be < 2.5MB or it wont display.

edit: Wow.  I am just not keeping up today!  No problem about the hat.

[kenzawak]

^^
I made this one with ezgif :

[gembitz]

It is interesting that this ETF thing is so important. This side of the pond I could have invested in crypto ETFs for years now... Nothing new...

AFAIK, Crypto ETFs are baskets of shares of selected crypto companies. I think a cryptocurrency ETF exists already, but it includes ETH and other shitcoins. The ETFs under SEC scrutiny would include btc only. What's more, some of them are designed for settlement in kind, not in cash (that is, bitcoin - not USD). The importance or usefulness of such a financial instrument is debatable, but it can't be dismissed as "nothing new".

Where's the novelty? Everyone would be able to buy (paper) btc through their stock market broker, without having an account at an exchange. Besides, if the settlement is really in kind, the ETF issuer would have to hold/buy/sell matching amounts of the underlying asset (btc) or bear the risk when the ETF holder asks for payment. That is, if fuckery can be ruled out. Which is a big IF.

The swedes have an ETN that tracks Bitcoin only. They call it an etf. As I understand it it is an ETN though.

You can buy that ETN (called Bitcoin tracker or something similar) on Fidelity (even retirement accounts can buy).
I bought a little just to see how it works. It does track btc mostly OK. Big gaps because of weekends, of course.
Trades as CXBTF (in US).
https://xbtprovider.com/products/bitcoin-tracker-one

/\speculative derivatives are going to be the undoing of bitcoin for the masses lol axe buffett

[LFC_Bitcoin]

re: Poll. Voted 2020. Don't see a new ATH this year.

Gut is telling me once we breach $9k, it's going to be a very hard slog to find support at $10k.

$900 you mean ? lol when does uncle sam reboot this shitcoin weee

gembitz, how much do we have to pay you to not post in our thread again?

[Toxic2040]

^^
I made this one :

+1 WOsMerit


funny but damn...come on, dont mess with Arnie.




---------
Good morning.


1h

#stronghands'19

[BTCMILLIONAIRE]

via Imgflip Meme Generator

Gonna give whiskey another chance, which one should I take??

BTCMILLIONAIRE ??

I haven't tried any of those yet.

Way too late, but bourbons are generally milder and sweet.

[LFC_Bitcoin]

What year will we achieve a new ATH?
2020 is my guess.

I went for 2021, that’s what I said when we hit the bottom so I can’t change my mind now. It’d make me look like an idiot.

I always think the price increases for a while until the halving then we have 3-6 months to wait until the halving takes full effect then we have lift off.

I’m calling the new ATH - Q1 or Q2 of 2021.

[El duderino_]

Yep we're going down. 7750 as I write.

Yeah we're going UP. 7771 as I write

7860

Where we going @ me bro's?

[El duderino_]

What year will we achieve a new ATH?
2020 is my guess.

I went for 2021, that’s what I said when we hit the bottom so I can’t change my mind now. It’d make me look like an idiot.

I always think the price increases for a while until the halving then we have 3-6 months to wait until the halving takes full effect then we have lift off.

I’m calling the new ATH - Q1 or Q2 of 2021.

You use best of tactics brother....... 2021 is good but, F*** do you hope it to be this or early next year

I know you do .....

I will stick with everything can happen and voted 2019, cause the faster the more exciting it is, if later NP for my as well

[gembitz]

Yep we're going down. 7750 as I write.

Yeah we're going UP. 7771 as I write

7860

Where we going @ me bro's?

when r you n00bz realize there are UNLIMITED SUPPLY of coin weeeee

[El duderino_]

^^
I made this one with ezgif :

Whatever happened, Arnie is one of my all time favorite movie actors and I love his movies, if I was there I would have gone FULL nuts on that dude....

Also very impressive for a +70 year older man to just take that hit and keep standing like a real terminator does

[VB1001]

‘Toshimoku’s Trading Tips & Tricks

It is an article but also as a small guide to interpretation of graphics.

https://medium.com/@CarpeNoctom/toshimokus-trading-tips-tricks-f0ff5cc38cc8

[Icygreen]

https://twitter.com/jchervinsky/status/1130209159503319040

There's no real hopium for ETF, SEC approval are just for moonboys and when they does I guess the capitulation already started. What you think about it?

The market recently has matured and such news doesn't change anything. In fact, more traders realize that such news trigger short lived bull balloons that pop up pretty quickly.  Without ETF, we will see a steady growth beyond 20K. We entered the year-before-the-halving-accumulation zone and everyone who is clever enough, buys and waits at least six  months after the halving. That is the reason there are so few bitcoins on the exchanges in the last months. IMO, this is the main reason for the bull run and not some rumors.

In this case you can buy now and hold till Q4 then sell at $20k+ (I'm sure we'll see an ATH this year) which will be a very nice profit. If you're patient enough you can hold up to 6 months after the halving and sell at another ATH ($100-500k+ per BTC). So you can't really lose it's only a matter of how long you're willing to wait and how much money you will finally receive. Win-win     

I don't get it
Why is everyone aiming to sell for FIAT? If and when crypto does go sky high late in 2020 then why would you turn to something that is losing its value? It just doesn't make sense. Either you believe that BTC will rule or you don't.

I'm just looking forward to the day (ca 2025) I can quit my job and buy a big summerhouse next to a lake for 0.1BTC.

In about three halving (2028), transaction fees would need to be $20 or thereabouts for miners to stay on BTC and stay afloat.
Feel free to explain how to "rule" when fees are crazy high. It only gets worse every 4 years.

What's the value of $20 in 2028?   Inflation will be the ruler for many. All the while Bitcoin proves its store of value strength. I'm pretty sure I'll be happy to pay the $20 if it means I get to keep my value.  Second layer solutions (if needed) will be easy to implement.