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

[JayJuanGee]

Cannot turn a pickle back into a cucumber, for whatever that is worth?

Here comes the JayJuanGee post
All in your face
The Bitcoin propaganda is live in effect and he don't waste time
Typing up a single coherent line
Jump to the JayJuanGee Post
Jump jump to the JayJuanGee Post Jump

Are you jumping roach?  I hope so, but don't hurt ur lil retarded selfie.

[1686271017]

1686271017

[1686271017]

1686271017

[fillippone]

So apparently no BTC ETF for the moment:

VanEck, SolidX Withdraw Bitcoin ETF Proposal From SEC Review

Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. The companies withdrew the same ETF proposal in January, after a prolonged government shutdown threatened to force a rejection.

The SEC is still reviewing two other bitcoin ETF proposals. One, filed by Wilshire Phoenix, would include both bitcoin and U.S. Treasury bonds in the Trust, and faces an initial deadline at the end of September, while the other, filed by Bitwise Asset Management with NYSE Arca, will be approved or rejected on Oct. 13.

Observing 10,227 honey badger doesn’t care.

They probably withdrew the application because they say another reject coming.
I expect other pursuant doing the same on the next weeks.

Imho institutional money is badly needed to get bitcoin where it is meant to, think about PlanB SF model. In case of disappointment of this model to realise the loss of positive momentum could be very heavy, resulting in a very long cryptowinter II.

[Phil_S]

Good fucking question. I'm pretty much limited to a handful of non-shit asian countries, eastern europe and south america. Hence my little tour of the world. Seeking a place worth living in.

Eastern Europe that's too poor to be in the EU? Ukraine... Belarus... I'm afraid those places are not too different from Russia.

[Totscha]

...
Anywhere not in the EU, US, Canada, anything muslim, Africa, Australia, New Zealand, Russia and China.

Not really sure what your beef is with EU, Canada, Australia and New Zealand. But nevermind. By far the greatest country to live in not in that list is Norway. Especially if you (plan to) have kids.

[El duderino_]

ooooooh

secret club

[Majormax]

Likely a lot of luck in there.

None of us should get sucked into the trap of deifying posters into sorcerers.  

Remember how revered Vinnie Lingham was in 2015/16 and how he squandered such reputation in early 2017? - but probably only after a decent number of folks got R3ckt  by selling because they actually relied on his bullshit early 2017 propositions that bitcoin was going below $500.

Yes, there is nearly always someone who gets all 7 lottery numbers correct.

BTW, this particular forecaster was 100% wrong on the dominance figure. It has trended strongly in the opposite direction from his forecast.

[El duderino_]

Damn a few percentages up and i'm reading alt season everywhere ........

[Last of the V8s]

From the Roger Thread:

Anyway theymos you better start censoring all this unseemly guff.

I know you're joking, and sometimes I like to merit a good joke, but I think its going to go right over Rog's fortified dome.

Yeah prolly he and his numpty-minions will now take it as proof-of-censor. I like to help out where I can. Thanks for the merit-bribe btw.

Damn a few percentages up and i'm reading alt season everywhere ........

yeah cos since margin trading came in for binance plebs, that plus a few % up is what passes for altszn nowadays

[DeathAngel]

So apparently no BTC ETF for the moment:

VanEck, SolidX Withdraw Bitcoin ETF Proposal From SEC Review

Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. The companies withdrew the same ETF proposal in January, after a prolonged government shutdown threatened to force a rejection.

The SEC is still reviewing two other bitcoin ETF proposals. One, filed by Wilshire Phoenix, would include both bitcoin and U.S. Treasury bonds in the Trust, and faces an initial deadline at the end of September, while the other, filed by Bitwise Asset Management with NYSE Arca, will be approved or rejected on Oct. 13.

Observing 10,227 honey badger doesn’t care.

They probably withdrew the application because they say another reject coming.
I expect other pursuant doing the same on the next weeks.

Imho institutional money is badly needed to get bitcoin where it is meant to, think about PlanB SF model. In case of disappointment of this model to realise the loss of positive momentum could be very heavy, resulting in a very long cryptowinter II.

Meh, the price used to dump fairly significantly after news like this. These days it doesn’t even blink. Would he really good to finally get one approved though. I wonder if we’ll see one in the next 3-4 years?

[El duderino_]

BeeCash, BSh*tV feelings ??

[vapourminer]

The trick here is to not get culled.

any tips?

(asking for a friend)   

Stay away from large population centers.

Reduce dependency on centralized supply networks for water/food/power.

Do not appear to have much of anything worth taking, either by mutant biker zombies or overzealous redistributors.

Be well armed.

Develop interdependent community with other resilient households.

Avoid obvious infection vectors; the flu shot, fast food, municipal water etc.

Stock vital spares.

HODL.

heck much of that describes most of us in this part of the state anyway. i guess living more or less in the sticks does have some advantages.

[El duderino_]

WO = so exciting today 

[JSRAW]

Needs one extra scene where a lion runs by and grabs one of the guys getting the sunshine, you can label it "regulators".

But first Let me come out from the hole, still far from maximalism stage

About your another post, liked it and at one part " Kids" you scared the shit out of me tbh. Dont have kids

[mersal]

WO = so exciting today 

Just like everyday.

But missing the regular and most active poster of WO today since only two pages got filled after few hours of my last read here.

[VB1001]

The Fed emergency printed $54 billion this morning to correct the lending market.

The last time this happened was in 2008.

Bitcoin was born out of the last crisis and will prove itself in the coming one.

https://twitter.com/Rhythmtrader/status/1174072434477195270

https://edition.cnn.com/2019/09/17/business/overnight-lending-rate-spike-ny-fed/index.html

 

BREAKING: The Fed just printed another $75 billion to correct the lending market.

That's now 16% of the entire $800 billion bailout in 2008.

Except this was used in a single day, and in a "non-crisis" situation.

https://twitter.com/Rhythmtrader/status/1174300982769016833

Another 75 with 54 is not enough, the printers do not stop.

54 + 75 = 129

[fillippone]

^^^
Sorry. those things don't add up as they are Overnight Repos: so the FED prints money in the evening, and destroys it the morning after.
So now they printed only 75 until tomorrow morning.


Explainer: The Fed has a repo problem. What's that?

In a repo trade, Wall Street firms and banks offer U.S. Treasuries and other high-quality securities as collateral to raise cash, often overnight, to finance their trading and lending activities. The next day, borrowers repay their loans plus what is typically a nominal rate of interest and get their bonds back. In other words, they repurchase, or repo, the bonds.

[VB1001]

^
They return it with high quality products... such as mortgages.
Banks are ruined, they have billions in their accounting notes, but, fictional.

The US Quietly Printed $75 Billion out of Thin Air (For the Banks). This Is Why Bitcoin Matters

The Federal Reserve Bank of New York very quietly handed out $75 billion in cash to the banks on Wednesday in a process known as a ‘repurchase operation,’ or repo.

This emergency measure hasn’t been used at scale for a decade, since the last financial crisis.

https://www.ccn.com/dollar-printed-75-billion-why-bitcoin-matters/

[Paashaas]

Damn a few percentages up and i'm reading alt season everywhere ........

Quite an euphoria after the 90% collapse.

[LUCKMCFLY]

Almost all TA give a bearish scenario as a possible event, as shown here:



But, seeing it from another point, this is good, it may go down a bit, but the opposite will happen, sometimes the market does the opposite of what others think, and if they are governed by emotions the impact is greater, such and as Jesse Livermore (Speculator) said in his books, the Strong Hands always set their traps to hunt the STOPS and then it is very likely to see a bullish rally coming by doing quite the opposite of what others think.

[d_eddie]

Book club time. I downloaded both Permanent Record (E. Snowden) and Biodom's recommendation The Great Leveler (Walter Scheidel). Still don't know which to crack open first.