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

[rjclarke2000]

Shitty though it is, there'll be plenty of info about it on Coindesk. There's also dedicated ETF news places like this - http://www.etf.com/channels/bitcoin

And r/bitcoinmarkets keeps a close eye on ETF progress. They discuss it a lot in the daily discussion and its progress is linked to in calendar on the right.

Thank you

[rjclarke2000]

the only thing the sec is consideing is the exchange rule change.

that's totally separate to approving the actual etf. that might be several years or never even if the rule change goes through.

But the rule change basically opens the door for the ETF in such a way that they don't have to go through the several years long process. It essentially lets them piggyback on other structures by changing the rule to include cryptocurrency.

This is my understanding too. The rule change green lights the ETF as an exchange-traded note. They don't need any other form of approval from the SEC to get listed.

From what I read on r/Bitcoinmarketa they still need approval

[marcus_of_augustus]

[chesthing]

Noticed Bitstamp is not on Bitcoinity under top USD exchanges. Did their volume drop or something? Less than GDAX(?)?

Elwar, if you are still in Germany, could you please tell us bit more about your observations regarding Deutsche Bank? If local Germans started to worry about their savings with DB? Bank run starting? Or they are still calm, expecting a bail-in to happen again?

No idea really. I don't watch the German news because I don't speak German. I avoid the US news because it's depressing.

I do know that my landlord started pulling some money out of the bank and holds more cash than he used to. And he's very open to taking bitcoins for rent. He's actually the perfect Bitcoin user. I pay him bitcoins in rent and he's a pilot for Lufthansa so he flies to other countries a lot. He goes to the US and uses Gyft to buy gift cards for just about everywhere he goes. Mainly Home Depot, Target, Whole Foods and some restaurants. He loves it. He used to use his PayPal credit card that charged him a huge exchange fee whenever he used it in the US.

Deutsche Bank canceled my account with them so they can crash and burn for all I care.

Cool, some dude who rents just gave advice.

[JayJuanGee]

Noticed Bitstamp is not on Bitcoinity under top USD exchanges. Did their volume drop or something? Less than GDAX(?)?

Elwar, if you are still in Germany, could you please tell us bit more about your observations regarding Deutsche Bank? If local Germans started to worry about their savings with DB? Bank run starting? Or they are still calm, expecting a bail-in to happen again?

No idea really. I don't watch the German news because I don't speak German. I avoid the US news because it's depressing.

I do know that my landlord started pulling some money out of the bank and holds more cash than he used to. And he's very open to taking bitcoins for rent. He's actually the perfect Bitcoin user. I pay him bitcoins in rent and he's a pilot for Lufthansa so he flies to other countries a lot. He goes to the US and uses Gyft to buy gift cards for just about everywhere he goes. Mainly Home Depot, Target, Whole Foods and some restaurants. He loves it. He used to use his PayPal credit card that charged him a huge exchange fee whenever he used it in the US.

Deutsche Bank canceled my account with them so they can crash and burn for all I care.

Cool, some dude who rents just gave advice.

For your info, Elwar is not just "some dude who rents," he is a regular participant and contributor to this thread.  And in any event, who gives a ratt's ass whether someone rents or otherwise, such current or historical renting status doesn't really matter to any kind of lame denigration that you seem to be attempting.

[Fatman3001]

Noticed Bitstamp is not on Bitcoinity under top USD exchanges. Did their volume drop or something? Less than GDAX(?)?

Elwar, if you are still in Germany, could you please tell us bit more about your observations regarding Deutsche Bank? If local Germans started to worry about their savings with DB? Bank run starting? Or they are still calm, expecting a bail-in to happen again?

No idea really. I don't watch the German news because I don't speak German. I avoid the US news because it's depressing.

I do know that my landlord started pulling some money out of the bank and holds more cash than he used to. And he's very open to taking bitcoins for rent. He's actually the perfect Bitcoin user. I pay him bitcoins in rent and he's a pilot for Lufthansa so he flies to other countries a lot. He goes to the US and uses Gyft to buy gift cards for just about everywhere he goes. Mainly Home Depot, Target, Whole Foods and some restaurants. He loves it. He used to use his PayPal credit card that charged him a huge exchange fee whenever he used it in the US.

Deutsche Bank canceled my account with them so they can crash and burn for all I care.

Cool, some dude who rents just gave advice.

Elwar sodl his house for BTC.

He only rents in Germany while working on the Future Soldier System before he will build his anarchist island paradise outside Bermuda.

He even has his own Bitcoin based competitor to Kickstarter, mainly aimed at realizing anarchist projects. Bitpools.com

Yeah, he's a bit nutty, but we like him and he knows his Bitcoin.

[dumbfbrankings]

ViaBTC issues statement on yesterday's decision to mine BitcoinUnlimited blocks exclusively:

https://viabtc.github.io/

Google translate does a hilarious but probably sufficient job.

[JayJuanGee]

ViaBTC issues statement on yesterday's decision to mine BitcoinUnlimited blocks exclusively:

https://viabtc.github.io/

Google translate does a hilarious but probably sufficient job.

That could be one way to lose a portion of your share of the mining hash power to put all of your eggs in the big block nut job ideology.  Let's see how long such posturing lasts,    and such behavior may even be considered as a kind of attack on the main bitcoin network. 

[Elwar]

Deutsche Bank canceled my account with them so they can crash and burn for all I care.

They did so because Bitcoin-related??

Not directly but I was testing the bitquick bitcoin sales via euro bank transfer. Some jackhole reversed the SEPA transaction (which I did not know could be done), claimed his account was hacked so DB called me and told me they were going to reverse the transaction. Nothing I could do, tough luck on my part (fortunately it was only about 150 euro). One week later they dropped my account.

Soon after that they started having financial problems.

Coincidence?  

[Legasean]

Do you really think that the pprice of the bitcoin will be tracked i dont think you can know what the price of the bitcoin is going to do only if we all share each other information we will know what the coin will do.

[JayJuanGee]

Do you really think that the pprice of the bitcoin will be tracked i dont think you can know what the price of the bitcoin is going to do only if we all share each other information we will know what the coin will do.

You are largely correct.

When we talk about the future, we do not know what is going to happen, we only can predict various scenarios based on scenarios, and some scenarios are more probable than other scenarios.  Sharing information with each other probably only helps us in having better information to attempt to project better predictions regarding probable scenarios, rather than coming up with certainties.

Surely, if a person has a whole hell of a lot of bitcoin or a whole hell of a lot of fiat, they are going to be in a better position to manipulate short term price directions in bitcoin, yet as the market cap of bitcoin goes up (as it is anticipated to continue to go up), it is likely to become more and more difficult for individual players to be able to manipulate bitcoin prices and accordingly, with a higher market cap, it would take a lot more resources to successfully manipulate bitcoin prices.

[petahashminer]

can anyone log in blockchain.info


it says, your connection is insecure. and cannot connect. also cannot login wallet.

[mymenace]

can anyone log in blockchain.info


it says, your connection is insecure. and cannot connect. also cannot login wallet.

it is the central banks testing their newly acquired United Nations DNS servers, preparing to block competitive blockchains to their newly installed blockchain which will reboot after the economic collapse.


I think i have to get off the meds


Looks like our site is down. We're working on it and should be back up soon.

down for me


UPDATE 2 minutes later...
I checked their twitter feed, spooky

https://twitter.com/blockchain

[European Central Bank]

looks like they've had their domain name hijacked and transferred to some shitty host.

that's a poor show.

[toknormal]

So is BTC gonna tank later today when the SEC decision comes out and knocks the Winky's back again ? Should I liquidate a couple of BTC on localbitcoins while the going's good ? Or is everything gonna be ok.

Decisions.

Better go and make some soup.

[Denker]

So is BTC gonna tank later today when the SEC decision comes out and knocks the Winky's back again ? Should I liquidate a couple of BTC on localbitcoins while the going's good ? Or is everything gonna be ok.

Decisions.

Better go and make some soup.

That's what I was thinking about as well.
Definitely possible that the price could decline.
Maybe back to where it had been two days ago, I don't know.
But I'm pretty sure that regarding the Winklevoss ETF we won't get a go today.It will be delayed for another few months.

[Paashaas]

But I'm pretty sure that regarding the Winklevoss ETF we won't get a go today.It will be delayed for another few months.

I'm fine with that, we will get a proper ETF in the foreseeable future.

Ayway...the miners from ViaBTC are not happy with that switch to Bitcoin Unlimited few days ago, they obviously want Segwit. ViaBTC just lost 50% of there hashing power

[madmat]

But I'm pretty sure that regarding the Winklevoss ETF we won't get a go today.It will be delayed for another few months.

I'm fine with that, we will get a proper ETF in the foreseeable future.

Ayway...the miners from ViaBTC are not happy with that switch to Bitcoin Unlimited few days ago, they obviously want Segwit. ViaBTC just lost 50% of there hashing power

Estimated hashpower is not hashpower : https://www.viabtc.com/

[Fatman3001]

BTC!!!!!

WHY WON'T YOU RALLY?!?!?!?!?!!?

[JayJuanGee]

But I'm pretty sure that regarding the Winklevoss ETF we won't get a go today.It will be delayed for another few months.

I'm fine with that, we will get a proper ETF in the foreseeable future.

Ayway...the miners from ViaBTC are not happy with that switch to Bitcoin Unlimited few days ago, they obviously want Segwit. ViaBTC just lost 50% of there hashing power

[https://i.imgur.com/yBhFVwq.png[/img]

I figured something like this would happen, dropping in the hashrate, either due to miners defecting or other mining pools ramping up their hashpower in order to undermine ViaBTC...

Miners are not that stupid to engage in some futile political ploy for insuperior decisions (and contra seg wit), so they are likely to go with the superior and stable consensus that has been reached and refuse to support ideations that are apparently narrow and self-sabotaging to bitcoin.