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

[Bitmore]

Weekend pump incomming!

These are the morning words I want to see after a full working week  

Going back to our beloved brazilian friend we all know the SEC will not take a decision based on an individual opinion. I mean the US government loves bitcoin, they got so much money out of it with those auctions.

They'll get even more from the ETF approval

Buddy, I feel you are right, but I can't find the facts that backs your saying.

Could you please elaborate more about this ?

Not much to elaborate really. I mean why doing auctions and get money out of Bitcoin when they could simply freeze those accounts since they hold the keys? Instead they cashed out. If recall correctly it was something like $30M not bad for a bureau operation

Totally agree, could you please tell me how they will get more money from approving the COIN ETF ?

Taxes my friend, taxes. Once an approved Exchange Trade Fund is established there will be taxes on it. This is why IMHO the SEC will have to approve it rather soon. This is it  

Totally agree with you brother, this reminds me as well of what Hal Finney said earlier when he anticipated that we will have our normal banks operating with Bitcoin and could offer Bitcoin saving accounts and such for their clients.

If you did not already know #wikileaks, the fed is corrupt as well, the whole system is rigged, so to answer..

If the fed do not make money out of it it will not happen.

If the fed make money out of it it will happen.

The Fed could try printing money to purchase Bitcoin as fast as they can in order to transition the economy, and I suspect that might happen as the bottom falls out from under the dollar just prior to becoming totally worthless.  Better than printing money to buy treasury bonds...

What the hell, why not both?

[1713516792]

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[1713516792]

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[Fakhoury]

Weekend pump incomming!

These are the morning words I want to see after a full working week  

Going back to our beloved brazilian friend we all know the SEC will not take a decision based on an individual opinion. I mean the US government loves bitcoin, they got so much money out of it with those auctions.

They'll get even more from the ETF approval

Buddy, I feel you are right, but I can't find the facts that backs your saying.

Could you please elaborate more about this ?

Not much to elaborate really. I mean why doing auctions and get money out of Bitcoin when they could simply freeze those accounts since they hold the keys? Instead they cashed out. If recall correctly it was something like $30M not bad for a bureau operation

Totally agree, could you please tell me how they will get more money from approving the COIN ETF ?

Taxes my friend, taxes. Once an approved Exchange Trade Fund is established there will be taxes on it. This is why IMHO the SEC will have to approve it rather soon. This is it  

Totally agree with you brother, this reminds me as well of what Hal Finney said earlier when he anticipated that we will have our normal banks operating with Bitcoin and could offer Bitcoin saving accounts and such for their clients.

If you did not already know #wikileaks, the fed is corrupt as well, the whole system is rigged, so to answer..

If the fed do not make money out of it it will not happen.

If the fed make money out of it it will happen.

I'm a big fan of you, mymenace as both of us are Bulls  

The question I want to ask to you now is, what do you think about the FED, will it make money from it or not ?

I say like 99.9% yes.

What you think ?

[Fakhoury]

Weekend pump incomming!

These are the morning words I want to see after a full working week  

Going back to our beloved brazilian friend we all know the SEC will not take a decision based on an individual opinion. I mean the US government loves bitcoin, they got so much money out of it with those auctions.

They'll get even more from the ETF approval

Buddy, I feel you are right, but I can't find the facts that backs your saying.

Could you please elaborate more about this ?

Not much to elaborate really. I mean why doing auctions and get money out of Bitcoin when they could simply freeze those accounts since they hold the keys? Instead they cashed out. If recall correctly it was something like $30M not bad for a bureau operation

Totally agree, could you please tell me how they will get more money from approving the COIN ETF ?

Taxes my friend, taxes. Once an approved Exchange Trade Fund is established there will be taxes on it. This is why IMHO the SEC will have to approve it rather soon. This is it  

Totally agree with you brother, this reminds me as well of what Hal Finney said earlier when he anticipated that we will have our normal banks operating with Bitcoin and could offer Bitcoin saving accounts and such for their clients.

If you did not already know #wikileaks, the fed is corrupt as well, the whole system is rigged, so to answer..

If the fed do not make money out of it it will not happen.

If the fed make money out of it it will happen.

The Fed could try printing money to purchase Bitcoin as fast as they can in order to transition the economy, and I suspect that might happen as the bottom falls out from under the dollar just prior to becoming totally worthless.  Better than printing money to buy treasury bonds...

What the hell, why not both?

Enlighten me please, how the FED could benefit from

The Fed could try printing money to purchase Bitcoin as fast as they can in order to transition the economy

[Bitmore]

Weekend pump incomming!

These are the morning words I want to see after a full working week  

Going back to our beloved brazilian friend we all know the SEC will not take a decision based on an individual opinion. I mean the US government loves bitcoin, they got so much money out of it with those auctions.

They'll get even more from the ETF approval

Buddy, I feel you are right, but I can't find the facts that backs your saying.

Could you please elaborate more about this ?

Not much to elaborate really. I mean why doing auctions and get money out of Bitcoin when they could simply freeze those accounts since they hold the keys? Instead they cashed out. If recall correctly it was something like $30M not bad for a bureau operation

Totally agree, could you please tell me how they will get more money from approving the COIN ETF ?

Taxes my friend, taxes. Once an approved Exchange Trade Fund is established there will be taxes on it. This is why IMHO the SEC will have to approve it rather soon. This is it  

Totally agree with you brother, this reminds me as well of what Hal Finney said earlier when he anticipated that we will have our normal banks operating with Bitcoin and could offer Bitcoin saving accounts and such for their clients.

If you did not already know #wikileaks, the fed is corrupt as well, the whole system is rigged, so to answer..

If the fed do not make money out of it it will not happen.

If the fed make money out of it it will happen.

The Fed could try printing money to purchase Bitcoin as fast as they can in order to transition the economy, and I suspect that might happen as the bottom falls out from under the dollar just prior to becoming totally worthless.  Better than printing money to buy treasury bonds...

What the hell, why not both?

Enlighten me please, how the FED could benefit from

The Fed could try printing money to purchase Bitcoin as fast as they can in order to transition the economy

It may be the only lifeboat for wealth, other than PMs in a monetary collapse.  If the Federal reserve is only dealing with dollars at the time then they will be left with nothing, other than possibly a new government sanctioned currency, but that may be to late to stop BItcoin adaption.   A long shot?

[Meuh6879]

you print quote like the FED ...

[mymenace]

Weekend pump incomming!

These are the morning words I want to see after a full working week  

Going back to our beloved brazilian friend we all know the SEC will not take a decision based on an individual opinion. I mean the US government loves bitcoin, they got so much money out of it with those auctions.

They'll get even more from the ETF approval

Buddy, I feel you are right, but I can't find the facts that backs your saying.

Could you please elaborate more about this ?

Not much to elaborate really. I mean why doing auctions and get money out of Bitcoin when they could simply freeze those accounts since they hold the keys? Instead they cashed out. If recall correctly it was something like $30M not bad for a bureau operation

Totally agree, could you please tell me how they will get more money from approving the COIN ETF ?

Taxes my friend, taxes. Once an approved Exchange Trade Fund is established there will be taxes on it. This is why IMHO the SEC will have to approve it rather soon. This is it  

Totally agree with you brother, this reminds me as well of what Hal Finney said earlier when he anticipated that we will have our normal banks operating with Bitcoin and could offer Bitcoin saving accounts and such for their clients.

If you did not already know #wikileaks, the fed is corrupt as well, the whole system is rigged, so to answer..

If the fed do not make money out of it it will not happen.

If the fed make money out of it it will happen.

I'm a big fan of you, mymenace as both of us are Bulls  

The question I want to ask to you now is, what do you think about the FED, will it make money from it or not ?

I say like 99.9% yes.

What you think ?

There are 3 sides

1) the politicians that believe in bitcoin (legit)

2) the politicians on the fence

3) the politicians that are corrupted with the politicians who are so brain washed to be a "Statist" that is against the very principle of a nation.


When it is part of a criminal cartel that includes media, politics, scientists, universities, pastors etc #wikileaks

and has majority of votes, Yes 100% fed will make money


and how will the fed "PROFIT" make it up

you would have to be nuts to believe that fractional reserve lending, paper money, tax and interest rates are real.....they made it up, its a fantasy

better get off the meds, i keep putting myself back in the matrix

[Bitmore]

Weekend pump incomming!

These are the morning words I want to see after a full working week  

Going back to our beloved brazilian friend we all know the SEC will not take a decision based on an individual opinion. I mean the US government loves bitcoin, they got so much money out of it with those auctions.

They'll get even more from the ETF approval

Buddy, I feel you are right, but I can't find the facts that backs your saying.

Could you please elaborate more about this ?

Not much to elaborate really. I mean why doing auctions and get money out of Bitcoin when they could simply freeze those accounts since they hold the keys? Instead they cashed out. If recall correctly it was something like $30M not bad for a bureau operation

Totally agree, could you please tell me how they will get more money from approving the COIN ETF ?

Taxes my friend, taxes. Once an approved Exchange Trade Fund is established there will be taxes on it. This is why IMHO the SEC will have to approve it rather soon. This is it  

Totally agree with you brother, this reminds me as well of what Hal Finney said earlier when he anticipated that we will have our normal banks operating with Bitcoin and could offer Bitcoin saving accounts and such for their clients.

If you did not already know #wikileaks, the fed is corrupt as well, the whole system is rigged, so to answer..

If the fed do not make money out of it it will not happen.

If the fed make money out of it it will happen.

I'm a big fan of you, mymenace as both of us are Bulls  

The question I want to ask to you now is, what do you think about the FED, will it make money from it or not ?

I say like 99.9% yes.

What you think ?

There are 3 sides

1) the politicians that believe in bitcoin (legit)

2) the politicians on the fence

3) the politicians that are corrupted with the politicians who are so brain washed to be a "Statist" that is against the very principle of a nation.


When it is part of a criminal cartel that includes media, politics, scientists, universities, pastors etc #wikileaks

and has majority of votes, Yes 100% fed will make money


and how will the fed "PROFIT" make it up

you would have to be nuts to believe that fractional reserve lending, paper money, tax and interest rates are real.....

The Feds profit is theft of wealth through devaluation.  In order to remain in power that wealth will take other forms of property.  Some day the dollar will be worthless.  A real redistribution of wealth (if you please forgive the socialistic implications of the term which is not intended) is inivatible for those who can find the lifeboats for wealth.

[Fakhoury]

@ Bitmore :

It may be the only lifeboat for wealth, other than PMs in a monetary collapse.  If the Federal reserve is only dealing with dollars at the time then they will be left with nothing, other than possibly a new government sanctioned currency, but that may be to late to stop BItcoin adaption.   A long shot?

Makes sense, and I yes, I see it as a long shot.

The Feds profit is theft of wealth through devaluation.  In order to remain in power that wealth will take other forms of property.  Some day the dollar will be worthless.  A real redistribution of wealth (if you please forgive the socialistic implications of the term which is not intended) is inivatible for those who can find the lifeboats for wealth.

You want to re-state what Trace Mayer stated before that we are witnessing/will witness the biggest wealth transfer in human history ?

@ mymenace :

There are 3 sides

1) the politicians that believe in bitcoin (legit)

2) the politicians on the fence

3) the politicians that are corrupted with the politicians who are so brain washed to be a "Statist" that is against the very principle of a nation.


When it is part of a criminal cartel that includes media, politics, scientists, universities, pastors etc #wikileaks

and has majority of votes, Yes 100% fed will make money


and how will the fed "PROFIT" make it up

you would have to be nuts to believe that fractional reserve lending, paper money, tax and interest rates are real.....they made it up, its a fantasy

better get off the meds, i keep putting myself back in the matrix

I'm aware of wikileaks for sure and the corrupted system as whole, I guess the answer blindly is Yes then if I'm not mistaken or getting something wrong, right ?

[Hyperjacked]

you print quote like the FED ...

So unreadable...

A jedis gotta do what a jedis gotta do...

[mymenace]

@ Bitmore :

It may be the only lifeboat for wealth, other than PMs in a monetary collapse.  If the Federal reserve is only dealing with dollars at the time then they will be left with nothing, other than possibly a new government sanctioned currency, but that may be to late to stop BItcoin adaption.   A long shot?

Makes sense, and I yes, I see it as a long shot.

The Feds profit is theft of wealth through devaluation.  In order to remain in power that wealth will take other forms of property.  Some day the dollar will be worthless.  A real redistribution of wealth (if you please forgive the socialistic implications of the term which is not intended) is inivatible for those who can find the lifeboats for wealth.

You want to re-state what Trace Mayer stated before that we are witnessing/will witness the biggest wealth transfer in human history ?

@ mymenace :

There are 3 sides

1) the politicians that believe in bitcoin (legit)

2) the politicians on the fence

3) the politicians that are corrupted with the politicians who are so brain washed to be a "Statist" that is against the very principle of a nation.


When it is part of a criminal cartel that includes media, politics, scientists, universities, pastors etc #wikileaks

and has majority of votes, Yes 100% fed will make money


and how will the fed "PROFIT" make it up

you would have to be nuts to believe that fractional reserve lending, paper money, tax and interest rates are real.....they made it up, its a fantasy

better get off the meds, i keep putting myself back in the matrix

I'm aware of wikileaks for sure and the corrupted system as whole, I guess the answer blindly is Yes then if I'm not mistaken or getting something wrong, right ?

sort of got myself into a double negative in effect

citizens need tax to add to the social services of a nation (the tax has for a long time been criminal in its rate)

obtaining tax through federal means is great (as long as politicians or wasted government funds do not profit)

so in essence a tax or making money on a bitcon ETF can be beneficial to citizens

it is the wikileaks exposure and the corruption surrounding regulation and tax that force negative views on good government policy and where it is headed

in the current political situation it is evident to see good government policy outweighed by enormous bad government policy

therefore weighted to the decision

the corrupt people of the fed will benefit mostly from making money on bitcoin if successful...Yes fed will make money on bitcoin

[Bitmore]

so in essence a tax or making money on a bitcon ETF can be beneficial to citizens

it is the wikileaks exposure and the corruption surrounding regulation and tax that force negative views on good government policy and where it is headed

in the current political situation it is evident to see good government policy outweighed by enormous bad government policy

therefore weighted to the decision

the corrupt people of the fed will benefit mostly from making money on bitcoin if successful...Yes fed will make money on bitcoin

The government will make money through taxes, (hopefully done properly, probably a sales tax I would guess) but the fed won't be able to print Bitcoin, so it won't make money so to speak with Bitcoin, and it will force a more responsible monetary policy in both lending institutions and government spending since they won't be able to print their way out of trouble (2008/2009).

[mymenace]

has anyone noticed the lowest volume on bitstamp since 2012 the last few weeks

thoughts?

this one confuses me - everyone around the world is waiting (For who?)


What is a 'Low Volume Pullback'

A low volume pullback is a technical correction toward an area of support that occurs on lower-than-average volume. The low volume is a signal to traders that the trend is not reversing and that it is only the weak longs looking to lock in a quick profit. Frequent moves that occur in the opposite direction of a trend, which are accompanied by low volume, are normal fluctuations and generally deemed to be insignificant. On the other hand, a large spike in volume in the opposite direction of the trend could be used to signal that the smart money is starting to look for the exits and that the trend is getting ready to reverse.

[Hyperjacked]

has anyone noticed the lowest volume on bitstamp since 2012 the last few weeks

thoughts?

this one confuses me - everyone around the world is waiting (For who?)


What is a 'Low Volume Pullback'

A low volume pullback is a technical correction toward an area of support that occurs on lower-than-average volume. The low volume is a signal to traders that the trend is not reversing and that it is only the weak longs looking to lock in a quick profit. Frequent moves that occur in the opposite direction of a trend, which are accompanied by low volume, are normal fluctuations and generally deemed to be insignificant. On the other hand, a large spike in volume in the opposite direction of the trend could be used to signal that the smart money is starting to look for the exits and that the trend is getting ready to reverse.

Beware and tread lightly! The composite operator is a master manipulator and tricks ppl with the charts IMHO! She plays within the perimeters and throws in random chaos when you least expect it!

[AZwarel]

Best burn ever for that s***thead stolfi   (no, he really is that dumb, evidence no.1 below!) regarding the SEC etf comment ranting of his:

http://cryptohustle.com/why-bitcoin-isnt-a-ponzi-scheme, read it, it is hilarious, that "professor" is mentally challenged obviously.

also there is a reddit post about it:

https://www.reddit.com/r/Bitcoin/comments/57klhg/why_bitcoin_isnt_a_ponzi_scheme/


edit: my favorite part:

stolfi: “The only way to make a profit by investing in bitcoins is by selling them to other investors, for more than their purchase price [...]"

the author's reply: "The only way to make profit on anything is to sell it for more than what you payed for it. In fact this is the very definition of the word…"

the rest is just as entertaining as well

[AZwarel]

Oh, i feel old, just realized now am senior member 

[r0ach]

We also had Bill Gross recommend Bitcoin

It's funny how he recommended gold + bitcoin but didn't mention silver.  The guy is worth 2.5 billion dollars.  He could probably single handedly pump silver a ton and make lots of money.  I assume he doesn't mess with that market because the bankers would punish him in some way or kill him.

When the debt based system blows up, I could see Bitcoin making a run to something crazy like $10,000-$40,000 in a short time, especially if it's used as a medium to do things like facilitate gold commerce.  That's a +15-60x.  It sounds stupidly high, but if every millionaire (not even counting billionaires) hedged only 1% of their wealth in Bitcoin, that would be $7800 a coin fully liquid market cap, which would in reality be much higher price because no markets are fully liquid.  

Of course, how many millionaires are going to lose everything because they were all-in on equities and facebook stocks?  It's a hard picture to put together when plenty of millionaires are going to become instantly broke.  Silver is looking to be around a +10-45x, so it will be interesting to see which one performs better given all the manipulations involved either way and how much wealth remains liquid vs how much is frozen or destroyed somehow.

I currently use silver as a savings account and Bitcoin as a checking account.  When I need to spend fiat, I have a reloadable Bitpay Visa card.  You can have $0 on it and send some Bitcoin to an address linked to the Bitpay account, and within 60 seconds your Visa card is credited with fiat.  No need to even use a bank now.

[Fakhoury]

@ Bitmore :

It may be the only lifeboat for wealth, other than PMs in a monetary collapse.  If the Federal reserve is only dealing with dollars at the time then they will be left with nothing, other than possibly a new government sanctioned currency, but that may be to late to stop BItcoin adaption.   A long shot?

Makes sense, and I yes, I see it as a long shot.

The Feds profit is theft of wealth through devaluation.  In order to remain in power that wealth will take other forms of property.  Some day the dollar will be worthless.  A real redistribution of wealth (if you please forgive the socialistic implications of the term which is not intended) is inivatible for those who can find the lifeboats for wealth.

You want to re-state what Trace Mayer stated before that we are witnessing/will witness the biggest wealth transfer in human history ?

@ mymenace :

There are 3 sides

1) the politicians that believe in bitcoin (legit)

2) the politicians on the fence

3) the politicians that are corrupted with the politicians who are so brain washed to be a "Statist" that is against the very principle of a nation.


When it is part of a criminal cartel that includes media, politics, scientists, universities, pastors etc #wikileaks

and has majority of votes, Yes 100% fed will make money


and how will the fed "PROFIT" make it up

you would have to be nuts to believe that fractional reserve lending, paper money, tax and interest rates are real.....they made it up, its a fantasy

better get off the meds, i keep putting myself back in the matrix

I'm aware of wikileaks for sure and the corrupted system as whole, I guess the answer blindly is Yes then if I'm not mistaken or getting something wrong, right ?

sort of got myself into a double negative in effect

citizens need tax to add to the social services of a nation (the tax has for a long time been criminal in its rate)

obtaining tax through federal means is great (as long as politicians or wasted government funds do not profit)

so in essence a tax or making money on a bitcon ETF can be beneficial to citizens

it is the wikileaks exposure and the corruption surrounding regulation and tax that force negative views on good government policy and where it is headed

in the current political situation it is evident to see good government policy outweighed by enormous bad government policy

therefore weighted to the decision

the corrupt people of the fed will benefit mostly from making money on bitcoin if successful...Yes fed will make money on bitcoin

Well said and I agree.

But, you've said the corrupt people of the fed will profit from Bitcoin if successful, if here refers to what ?

Bitcoin, the COIN ETF or what exactly ?

[Fakhoury]

so in essence a tax or making money on a bitcon ETF can be beneficial to citizens

it is the wikileaks exposure and the corruption surrounding regulation and tax that force negative views on good government policy and where it is headed

in the current political situation it is evident to see good government policy outweighed by enormous bad government policy

therefore weighted to the decision

the corrupt people of the fed will benefit mostly from making money on bitcoin if successful...Yes fed will make money on bitcoin

The government will make money through taxes, (hopefully done properly, probably a sales tax I would guess) but the fed won't be able to print Bitcoin, so it won't make money so to speak with Bitcoin, and it will force a more responsible monetary policy in both lending institutions and government spending since they won't be able to print their way out of trouble (2008/2009).

You didn't answer my question yet brother.

And here is a new one,

The Bitcoin ETF will be taxed, so how the gov. won't make money from Bitcoin ?

[mymenace]

so in essence a tax or making money on a bitcon ETF can be beneficial to citizens

it is the wikileaks exposure and the corruption surrounding regulation and tax that force negative views on good government policy and where it is headed

in the current political situation it is evident to see good government policy outweighed by enormous bad government policy

therefore weighted to the decision

the corrupt people of the fed will benefit mostly from making money on bitcoin if successful...Yes fed will make money on bitcoin

The government will make money through taxes, (hopefully done properly, probably a sales tax I would guess) but the fed won't be able to print Bitcoin, so it won't make money so to speak with Bitcoin, and it will force a more responsible monetary policy in both lending institutions and government spending since they won't be able to print their way out of trouble (2008/2009).

You didn't answer my question yet brother.

And here is a new one,

The Bitcoin ETF will be taxed, so how the gov. won't make money from Bitcoin ?

does it matter, you can make up anything, e.g fractional reserve lending

the imagination cannot comprehend the extent of one who is devious enough to deceive.


..."to see the deception when revealed is quite wonderful to behold
and makes it easy to find the ones who are corrupt
as they cannot imagine the good we can do"....

[JayJuanGee]

I missed coming here to speculate. Are we launching back to the moon?

I'm waiting for the bottom to fall out...

Define bottom, my friend.

$550 was pretty much a more recent bottom.. that one?  

I think before that upper $400s.

Then before that $360 and before that $200-ish.

About which, supposed bottom do you speak?

And, by the way, what's gonna cause it?  Pure loss of support, in spite actual facts of continuing and ongoing expansion and developments?


hahahahaha   The reality of the matter is that you've gots no ideas because you are just spewing out nearly pure nonsense for "effect."    

Look...I know your bent out of shape because you bought at 1200$ but lighten up dude! Take a chill pill...life is good...feed the homeless because grandpa muenster would!

Figured that you would avoid addressing the request for a clarification.

Also, you have this tendency to bring up this $1,200 issue over and over, which is more out of context nonsense.

How could the picture that you are attempting to paint have either a literal or spiritual accuracy, when I have already sufficiently described circumstances on a repeated basis that pretty much show my average cost per BTC is in the lower $400s? Am I missing something about your nonsensical distracting diversion efforts?