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

[ChartBuddy]

Coin
Explanation

[KryptoFoo]

forget winkletwin ETF, we now have an approved bitcoin OTC tradeable fund

http://www.wsj.com/articles/bitcoin-investment-trust-gets-finras-ok-to-become-public-bitcoin-fund-1425242094

This story getting legs now

[Afrikoin]

Bitcoin Investment Trust Gets Finra’s OK to Become Public Bitcoin Fund

http://www.wsj.com/articles/bitcoin-investment-trust-gets-finras-ok-to-become-public-bitcoin-fund-1425242094

CFR

Bitcoin for the Unbanked
Cryptocurrencies That Go Where Big Banks Won’t

http://www.foreignaffairs.com/articles/143162/paul-vigna-and-michael-j-casey/bitcoin-for-the-unbanked

[brg444]

forget winkletwin ETF, we now have an approved bitcoin OTC tradeable fund

http://www.wsj.com/articles/bitcoin-investment-trust-gets-finras-ok-to-become-public-bitcoin-fund-1425242094

This story getting legs now

moon

[KryptoFoo]

forget winkletwin ETF, we now have an approved bitcoin OTC tradeable fund

http://www.wsj.com/articles/bitcoin-investment-trust-gets-finras-ok-to-become-public-bitcoin-fund-1425242094

This story getting legs now

moon

I think we now know what Barry meant by this:

https://twitter.com/barrysilbert/status/568030628400238592

[bassclef]

Well, the price being 252$, it means that everybody who who owns bitcoin thinks that they are worth more than 245$; but, on the other hand, everybody in the world who has some money to spare thinks that 1 BTC is not worth 255$.

You really are not much of an economist, are you ? How does such an oversimplifying way to look at economic choice even go together with your ability to solve abstract mathematical problems?

Okay. To name just one objection to such an incredibly naive model of the market:

Misrepresentation of your actual valuation for strategic purposes.

Similar to the misrepresentation, "tactical voting", in voting theory: sometimes it is individually rational for an actor not to cast a vote according to his sincere preference.

Are we sure that this is the real Jorge Stolfi? Maybe the real Jorge Stolfi is a reasoned and thoughtful person who knows what he's talking about. Maybe we are contributing to damaging his good name and reputation by arguing with this imposter. Brazil can't be that desperate.

I've been in contact with the actual Jorge Stolfi--he himself disavows any knowledge of the imposter here who spends his days arguing with kids about Bitcoin, and whose posts coincidentally occur near the end of "troll waves" where all the trolls and their sock puppets quote each other to reinforce a point.

[KryptoFoo]

shorts better get your fill soon

[abercrombie]

Is it moon time yet??   

[Cconvert2G36]

8000 coins dumped and we end up within $3 in hours... bullish.

[KryptoFoo]

News travels fast, even on a Sunday.

[BlindMayorBitcorn]

Well, the price being 252$, it means that everybody who who owns bitcoin thinks that they are worth more than 245$; but, on the other hand, everybody in the world who has some money to spare thinks that 1 BTC is not worth 255$.

You really are not much of an economist, are you ? How does such an oversimplifying way to look at economic choice even go together with your ability to solve abstract mathematical problems?

Okay. To name just one objection to such an incredibly naive model of the market:

Misrepresentation of your actual valuation for strategic purposes.

Similar to the misrepresentation, "tactical voting", in voting theory: sometimes it is individually rational for an actor not to cast a vote according to his sincere preference.

Are we sure that this is the real Jorge Stolfi? Maybe the real Jorge Stolfi is a reasoned and thoughtful person who knows what he's talking about. Maybe we are contributing to damaging his good name and reputation by arguing with this imposter. Brazil can't be that desperate.

I've been in contact with the actual Jorge Stolfi--he himself disavows any knowledge of the imposter here who spends his days arguing with kids about Bitcoin, and whose posts coincidentally occur near the end of "troll waves" where all the trolls and their sock puppets quote each other to reinforce a point.

There is a real Jorge Stolfi

[KryptoFoo]

for trying to take us down earlier today

[abercrombie]

I bought 6.4 BTC locally 3 hours ago from a local seller that participates in sports gambling online.  

Without a hitch, every time I buy coins from this guy the price goes up.  I usually buy more but payday is still next Friday.  These coins are going to be sold on Bitfinex tonight before I sleep in my parent's basement.

[shmadz]

I thought we were supposed to sell the news???

Oh well, Monday should be interesting...

Btw, can someone post the text behind the pay wall? Thanks.

[chriswen]

Big fucking news.  BIT is going to be publically traded.

[Wandererfromthenorth]

If it breaks the trend line currently sitting at around 238-240 with decent volume, it's done.

Someone market sold 8000 coins into the orderbook on finex earlier and it didn't even breach 245.

You better get selling or we'll be back in the 250's shortly..

Gonna take a few days/1 week to get to touch the trend line.

[KryptoFoo]

I thought we were supposed to sell the news???

Oh well, Monday should be interesting...

Btw, can someone post the text behind the pay wall? Thanks.

this news came out of left field, there was no rumor to rally on before the news came out.

[abercrombie]

Big fucking news.  BIT is going to be publically traded.

You got a source?

Edit: http://www.wsj.com/articles/bitcoin-investment-trust-gets-finras-ok-to-become-public-bitcoin-fund-1425242094

[LFC_Bitcoin]

Will this news give us a decent pump?

[Ezmoneyezlife]

Nice another pump and dump caused by rumors, exactly what they need to dump as high as possible before an auction. Wake up people, bitcoin has its own bilderberg club which had a meeting couple of weeks ago, there will be no reversal until last large stash will be sold from auction.