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

[somac.]

Bakkt is getting a lot of volume at these levels, hopefully that is a good thing.

https://twitter.com/bakktbot

[1614411170]

1614411170

[marcus_of_augustus]

time for two bottoms yet?

[realr0ach]

weee

[becoin]

Bakkt is getting a lot of volume at these levels, hopefully that is a good thing.

https://twitter.com/bakktbot

Bakkt is not a market. Bakkt is a price suppression tool. It is run by the same people that suppress the price of gold through naked short sales.

[marcus_of_augustus]

Bakkt is getting a lot of volume at these levels, hopefully that is a good thing.

https://twitter.com/bakktbot

i think it was kind of expected .... being that this dip is the first time Wall St. banks, financial firms and
institutions will have a 'legit' marketplace to take a bullish position on bitcoin before a halvening

call it the Bakkt/Wall St. dip on your charts

[somac.]

time for two bottoms yet?

Hell, feel free to post bottoms even at a top.

[LUCKMCFLY]

For Andreas Antonopoulos fans:

Bitcoin saves people from clutches of financial surveillance: Andreas Antonopoulos 

I like this thought ..

Andreas Antonopoulos opined that the next economic collapse will affect cryptocurrencies, owing to the presence of institutional interest, but Bitcoin and other digital assets will be recognized as safe havens once people realize that centralized systems will fail.

Source: https://eng.ambcrypto.com/bitcoin-saves-people-from-clutches-of-financial-surveillance-andreas-antonopoulos/

[somac.]

Bakkt is getting a lot of volume at these levels, hopefully that is a good thing.

https://twitter.com/bakktbot

Bakkt is not a market. Bakkt is a price suppression tool. It is run by the same people that suppress the price of gold through naked short sales.

Or a tool for miners to sell their future coins at a guaranteed price. Or perhaps a tool for larger organisations to procure bitcoin in a regulated way. I'm not prepared to go full conspiracy theory yet on them. Time will tell.

But volume is increasing on the lows and not the peaks so what does that say? Maybe it means demand.

[becoin]

Bakkt is getting a lot of volume at these levels, hopefully that is a good thing.

https://twitter.com/bakktbot

i think it was kind of expected .... being that this dip is the first time Wall St. banks, financial firms and
institutions will have a 'legit' marketplace to take a bullish position on bitcoin before a halvening

call it the Bakkt/Wall St. dip on your charts

A "legit" marketplace where Wall Street banksters can sell bitcoins without having a single satoshi. What they need is just freshly printed $$$ by the Fed to deposit as margin collateral at Bakkt.

[marcus_of_augustus]

Bakkt is getting a lot of volume at these levels, hopefully that is a good thing.

https://twitter.com/bakktbot

i think it was kind of expected .... being that this dip is the first time Wall St. banks, financial firms and
institutions will have a 'legit' marketplace to take a bullish position on bitcoin before a halvening

call it the Bakkt/Wall St. dip on your charts

A "legit" marketplace where Wall Street banksters can sell bitcoins without having a single satoshi. What they need is just freshly printed $$$ by the Fed to deposit as margin collateral at Bakkt.

you might be right, but I was of the impression their monthly futures is settled with physical coins (on demand) hence the quotes on 'legit'

who knows what the hell is happening with their daily futures settled in physical, looks like that was some kind of branding sham ...

[marcus_of_augustus]

But volume is increasing on the lows and not the peaks so what does that say? Maybe it means demand.

... most likely it is a strong signal of accumulation, on balance of all probabilities.

[becoin]

Bakkt is getting a lot of volume at these levels, hopefully that is a good thing.

https://twitter.com/bakktbot

Bakkt is not a market. Bakkt is a price suppression tool. It is run by the same people that suppress the price of gold through naked short sales.

Or a tool for miners to sell their future coins at a guaranteed price. Or perhaps a tool for larger organisations to procure bitcoin in a regulated way. I'm not prepared to go full conspiracy theory yet on them. Time will tell.

But volume is increasing on the lows and not the peaks so what does that say? Maybe it means demand.

Fair marketplace for bitcoin futures is that marketplace where dollar futures are settled in bitcoins! Until you have futures that are settled in dollars there won't be any market, just price manipulation tool so that Fed can print more $$$.

[marcus_of_augustus]

time for two bottoms yet?

Hell, feel free to post bottoms even at a top.

Can't you see, those are distracting people on purpuse  

it's not surprising, the fertile female form was evolved as a highly successful distraction mechanism,

under the competitive forces of natural selection

[Hueristic]

Bakkt is getting a lot of volume at these levels, hopefully that is a good thing.

https://twitter.com/bakktbot

Bakkt is not a market. Bakkt is a price suppression tool. It is run by the same people that suppress the price of gold through naked short sales.

Or a tool for miners to sell their future coins at a guaranteed price. Or perhaps a tool for larger organisations to procure bitcoin in a regulated way. I'm not prepared to go full conspiracy theory yet on them. Time will tell.

But volume is increasing on the lows and not the peaks so what does that say? Maybe it means demand.

Your naive optimism is refreshing so have a +sM but I agree with Becoin.

[somac.]

Bakkt is getting a lot of volume at these levels, hopefully that is a good thing.

https://twitter.com/bakktbot

Bakkt is not a market. Bakkt is a price suppression tool. It is run by the same people that suppress the price of gold through naked short sales.

Or a tool for miners to sell their future coins at a guaranteed price. Or perhaps a tool for larger organisations to procure bitcoin in a regulated way. I'm not prepared to go full conspiracy theory yet on them. Time will tell.

But volume is increasing on the lows and not the peaks so what does that say? Maybe it means demand.

Your naive optimism is refreshing so have a +sM but I agree with Becoin.

Not saying it's not true, but we don't have any evidence either way yet. If 6 months after the halving we are down at these levels there might be some truth to it, and my suspicion will rise. But, until then I'll go off facts.

[realr0ach]

https://www.zerohedge.com/political/ruth-bader-ginsburg-hospitalized-again

A pathetic end to a pathetic creature.

[marcus_of_augustus]

https://www.theice.com/products/72035483/Bakkt-Bitcoin-USD-Daily-Futures

Ok, think I found the source of some of the confusion, BAKKT has 4 bitcoin trading products

.. there is now a cash-settled monthly futures as well as the bitcoin-settled monthly futures ...
and an option on monthly futures ... and a bitcoin-settled daily futures full retard on bitcoin derivatives  
but it's not like they don't already exist Bitmex, Binance, etc.

only the BAKKT bitcoin-settled monthly futures has any trade data

[becoin]

(Wo)w! Do i see a slightly changing the w.o. sentiment from extremly bullish to mild bearish?  

I still see new ATH before the halvening.
However, people should not forget the Proof of Key Day and do what they need to do!
https://www.proofofkeys.com/

[marcus_of_augustus]

(Wo)w! Do i see a slightly changing the w.o. sentiment from extremly bullish to mild bearish?  

I still see new ATH before the halvening.
However, people should not forget the Proof of Key Day and do what they need to do!
https://www.proofofkeys.com/

make sure you demand your trezor proves to you it has the keys it says it does?

[somac.]

Bounce would be nice.