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

[Paashaas]

BlackRock Close to Filing For Bitcoin ETF Application.

Loading bags --> buy's MSTR shares --> launch ETF --> dump @$200k on retail n00bs buying the top.

What definitely catches the eye is the following text :

It wasn't clear if the ETF will be spot or futures. BlackRock did not immediately respond to requests for comment.
To date, the Securities and Exchange Commission (SEC), which oversees ETFs in the U.S., has rejected every application for a spot bitcoin ETF, though it has approved several bitcoin futures ETFs for trading.

In other words, if it's another futures ETF, I don't see it making any significant difference considering all those who already do business in the U.S. Besides, the SEC is on the war foot and somehow it doesn't seem to me that they would approve the first spot ETF BTC, although maybe it's a matter of timing considering that the deadline in which the SEC gives its finally thought is even 240 days from filling.

Spot ETF.  

[LFC_Bitcoin]

Gensler FUD plant so the government could have a last chance to get cheap coins?

Nice.

Now let’s see this approved and start the next fucking bull run.

[OgNasty]

Bull = back
       ?

It was a short correction but it looks at least at the moment like the ETF news along with the Fed pausing has caused an upturn. Traditional markets rallied hard today as well. I’m still a bit bearish in the short term personally, but the long term fundamentals just keep improving. I am keeping my fingers crossed that Bitcoin is able to shrug off the coming recession and keep to it’s fractal pattern.

[Hamza2424]

Bull = back
       ?

Yes, it is back on the field as you can see my & other fellows' condition.


Source: Random memes

[Biodom]

Gensler FUD plant so the government could have a last chance to get cheap coins?

Nice.

Now let’s see this approved and start the next fucking bull run.

While we are at it, can I have the 40% discount to NAV on GBTC disappear too...that would be nice 
I know, I know, bought it in IRA, damn it.

[HI-TEC99]

Good news for El duderino. Belgium's above the US and the UK. But better news for xhomerx10 and jimbo, Canada's near the top of the chart.

https://nybreaking.com/war-of-the-willies-data-reveals-the-average-penis-sizes-around-the-world/

The countries with the world’s largest penises have been revealed, but it’s bad news if you’re from the US or the UK.

[HI-TEC99]

Gensler FUD plant so the government could have a last chance to get cheap coins?

Nice.

...

[Volgastallion]

A CrossFit dude's mind  
Grapples with weights and bitcoin  
Strength and wealth in sight

The deadlift is the cornerstone of strength training. You train 70% of your musculature at once, it takes dedication, consistency, and hard work to become a successful deadlifter. The rewards are fenomenal. You truly have an insatiable, unquenchable love for pulling heavy load off the ground. The muscle burn after training to endure is addictive, isn't it? Atleast for me personally.

What an amazing exercise but, i have to say you have to had the correct biotype of body to not chase a injury after making it for a few years. I know you are gonna say "that its because you dont make the correct tecniqhe etc", but we all know that its not true, some bodytypes cant make this exercise in the long run plus if you go very hard its IMPOSSIBLE to maintain the correct technique

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

speaking of deadlifting, when is buddy gonna start lifting that number it likes to spam all over the joint.

[dansus021]

It is reality.

 https://stepansnigirev.github.io/emoji-wallet/

 All the cool kids use it.

Whattttttt I cant believe it after open the link  is this safe to use 

What would BTC be whiteout it’s annoying days 

Forget the noise just buy more 



Sell it on maximum bubble territory - https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/

speaking of deadlifting, when is buddy gonna start lifting that number it likes to spam all over the joint.

Give him a "break pedal" 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

A CrossFit dude's mind  
Grapples with weights and bitcoin  
Strength and wealth in sight

The deadlift is the cornerstone of strength training. You train 70% of your musculature at once, it takes dedication, consistency, and hard work to become a successful deadlifter. The rewards are fenomenal. You truly have an insatiable, unquenchable love for pulling heavy load off the ground. The muscle burn after training to endure is addictive, isn't it? Atleast for me personally.

Funny the jpg didn't show up for me on that post, glad you quoted it. (might have been during the imgur issues)

I carried a sbc block into my addition a decade ago and tried to move it a month ago and was too weak.

Sucks getting old!

[Hueristic]

May 25 (Reuters) - WhatsApp has filed a lawsuit in Delhi against the Indian government seeking to block regulations coming into force on Wednesday that experts say would compel Facebook’s (FB.O) messaging app to break privacy protections, sources said.

Fucking Scumbags outlawing free private speech, this is a test for world freedom.

If this stands then other "democratic" Govs will follow suit.

[ivomm]

Tweeter seems to be very positive on the chances of an ETF approval. However, Pomp (known for fake news and shitcoin shilling) tried to mislead that this is not an ETF but a redeamable trust comparing it to $GBTC. Here is the reply:

To all those saying the BlackRock filing is a trust and not an ETF. Do you consider $GLD to be an ETF? Well, this is same thing. Lot of structures under “ETF” umbrella. Nothing like $GBTC. This is the real deal.


https://twitter.com/EricBalchunas/status/1669495679004147714

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$GLD is also a trust. But since it stores the gold physically and allows for daily creations and redemptions (which allows arbitrage) it's basically an ETF. That's how to think about this vs GBTC which is a private trust who limited shares trade OTC. Night and day dif.
https://twitter.com/EricBalchunas/status/1669484124208242689

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P.S. IMO, the trust has a greater chance for an approval compared to an ETF, since it solves many of the SEC "concerns" about the lack of customer protection, regulations of the Bitcoin exchanges, etc.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com