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

[SnokkomBTC]

Beartrap?

[ChuckBuck]

LOL I love these poll questions and answers...always entertaining one way or another!   

[coinableS]

Question: 32,000$ by mid 2017?

LOL does that mean this poll is going to stay up until June 2017?

[Fatman3001]

Shorts going up. Ballsy. Hope they can afford to lose some money.

[bitgeek]

LOL I love these poll questions and answers...always entertaining one way or another!  

I decided to dedicate my vote to balancing the poll. I'm still bullish though, just not as much as some of the voters

[bobabouey2]

Bitcoin isn't Gold, Steel or Cement. In theory an ETF (or similar) shouldn't be necessary. I understand that a lot of investors like to work that way, but it's kind of odd when they just as well could open an account on Coinbase and trensfer it to a Trezor.

institutional investors dont or rather cant do that.

In terms of safety, investing in bitcoin (remotely) by buying GBTC shares does not seem to be much safer than buying and keeping (a bit more directly) in a Coinbase wallet. 

As for institutional investors: recall that Fortress Investment (a multibillion financial outfit, not to be confused with TradeFortress) bought some number of bitcoins directly in 2013.  Bitcoin was the only red stain in their 2014 quarterly reports.  Fortress quicky got rid of their bitcoins, swapping them for equity in the Pantera subsidiary that runs the PBP bitcoin fund. (Note: not shares of the fund, but shares of the managing company).

This example shows that some big institutional investors could invest in raw bitcoins, but currently don't want to, presumably due to its high risk and unpredictable future.  These same reasons should prevent them from buying GBTC or COIN shares, since their financial risk cannot be better than bitcoin's.

While I see articles noting that Fortress rolled their $20m bitcoin stake into Pantera, their latest 10K indicates they still seem to own bitcoin directly, and it traces back to the $20m original investment in 2013.

Go to link below and search for bitcoin, and you will see the $20m investment in 2012, the year end 2013 value of $16.298m, and year-end 2014 value of $6.828m, a 58% decline, which is consistent with the market decline from 12/31/13 to 12/31/14.

http://www.sec.gov/Archives/edgar/data/1380393/000138039315000003/fig-20141231x10k.htm

[adamstgBit]

[ChartBuddy]

Coin
Explanation

[79b79aa8d5047da6d3XX]

This example shows that some big institutional investors could invest in raw bitcoins, but currently don't want to, presumably due to its high risk and unpredictable future.  These same reasons should prevent them from buying GBTC or COIN shares, since their financial risk cannot be better than bitcoin's.

That is mind-numbingly obvious. Anyone with money to invest, in this or in any asset, could invest, and if they haven't, it's because they've decided its too risky.

We're just waiting for when they decide it's too risky not to invest.  

[12345mm]

Beartrap?

looks like it ... since yesterday we keep getting these little $5 cliffdive attempts to spook the market ... each one rejected almost immediately as price returns to the previous level within an hour or two ... but people may be more comfortable with a stable 275 instead of stable 285 ? ... with nobody really wanting to be the first one buying into the likely dumping at 300 ? ... i'd guess we can approach 300 but not break it without some time sideways / below 300 ... basically creep through 300 not bust through it ? ...

what a goofy poll ... but i suppose we do need a fun one every now and then   ... 32k in 2 years ... wouldn't that be fun ... realistic ? nah ...

[lyth0s]

Good amount of support at $280. I'm hoping for another rise today. Too much stability and bears start shorting again.

[NotLambchop]

Yes, gentlemen...  Rather unscientific. and yet...

Have this nagging feeling I'll soon be seeing many "Bitcoin value has nothing to do with exchange price" & "It's not about profits, it's about mah freedomz" posts.

Not sure why, just a hunch

[sleger]

if the high was worth the pain ?

[adamstgBit]

if the high was worth the pain ?

cuz I like the players and you like the game!

omfg we are not doing this....

[Fatman3001]

if the high was worth the pain ?

cuz I like the players and you like the game!

omfg we are not doing this....

Had to google it.

You pansies...

[hyphymikey]

Shorts going up. Ballsy. Hope they can afford to lose some money.

That's the only way they can suppress the price, by borrowing coins they do not have. If they had coins they wouldn't be stupid enough to sell right now.

[Norway]

'retardedly stable'

I'm retardedly unstable. Does that make me a 'tard or just unstable? 

[coinpr0n]

Online auction of 50k US Marshall coins have much to do with the price movement?

[KryptoFoo]

covering short, picking up a small long on the dip.

[uhoh]

uh oh