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

[bitebits]

^ Thanks for the wise words old man, I like the temporary pawning thought.

I thought the next top would be around $6k, but some of the Elliot Waves guys disagree:
https://medium.com/@coinscrum_75299/the-fractal-relationship-between-bitcoins-first-two-bubbles-and-what-they-might-tell-us-about-a-acd81d3b2b92#.qfe8ak8xg

I am getting convinced selling almost guaranteed makes you miserable: You sell too early or too late.
Greed is a bitch.

[ImI]

Slow upwards grind until ETF decision. Then...

...crash.




 

[Fakhoury]

Slow upwards grind until ETF decision. Then...

Nope, we will have some volatility on the 17th and 18th because of the the PBOC and OKCoin and then possible upward fast grinding on the 20th because of the Inauguration of the POTUS.

[GreekGeek]

Slow upwards grind until ETF decision. Then...

Nope, we will have some volatility on the 17th and 18th because of the the PBOC and OKCoin and then possible upward fast grinding on the 20th because of the Inauguration of the POTUS.

when is the next ETF decision ?

[bitebits]

Slow upwards grind until ETF decision. Then...

Nope, we will have some volatility on the 17th and 18th because of the the PBOC and OKCoin and then possible upward fast grinding on the 20th because of the Inauguration of the POTUS.

when is the next final ETF decision ?

March 11.

[rjclarke2000]

Slow upwards grind until ETF decision. Then...

Nope, we will have some volatility on the 17th and 18th because of the the PBOC and OKCoin and then possible upward fast grinding on the 20th because of the Inauguration of the POTUS.

when is the next final ETF decision ?

March 11.

Will they continue kicking the can down the road so to speak or could they even say NO.

[Fakhoury]

Slow upwards grind until ETF decision. Then...

Nope, we will have some volatility on the 17th and 18th because of the the PBOC and OKCoin and then possible upward fast grinding on the 20th because of the Inauguration of the POTUS.

when is the next final ETF decision ?

March 11.

Will they continue kicking the can down the road so to speak or could they even say NO.

I do feel that they will leave it to the auto-approve as I said here before.

[rjclarke2000]

Slow upwards grind until ETF decision. Then...

Nope, we will have some volatility on the 17th and 18th because of the the PBOC and OKCoin and then possible upward fast grinding on the 20th because of the Inauguration of the POTUS.

when is the next final ETF decision ?

March 11.

Will they continue kicking the can down the road so to speak or could they even say NO.

I do feel that they will leave it to the auto-approve as I said here before.

If approved, when would it be up and running and would it make any difference at all??

[ImI]

Slow upwards grind until ETF decision. Then...

Nope, we will have some volatility on the 17th and 18th because of the the PBOC and OKCoin and then possible upward fast grinding on the 20th because of the Inauguration of the POTUS.

when is the next final ETF decision ?

March 11.

Will they continue kicking the can down the road so to speak or could they even say NO.

I do feel that they will leave it to the auto-approve as I said here before.

If approved, when would it be up and running and would it make any difference at all??

are you kidding?

i think chance of approval is under 20%

[Fakhoury]

Slow upwards grind until ETF decision. Then...

Nope, we will have some volatility on the 17th and 18th because of the the PBOC and OKCoin and then possible upward fast grinding on the 20th because of the Inauguration of the POTUS.

when is the next final ETF decision ?

March 11.

Will they continue kicking the can down the road so to speak or could they even say NO.

I do feel that they will leave it to the auto-approve as I said here before.

If approved, when would it be up and running and would it make any difference at all??

It would be launched immediately I guess.

In the first week, we could see $300 million poured into the ETF.

It will give Bitcoin more legitimacy in the average Joe eye and it easily could double the price of Bitcoin.

[ImI]

ETF means Wallstreet can easily move hundreds of million USD into BTC without any legal, safety or accounting issues.

ETF would mean 5000$+

But imo it wont happen, at least not in 2017.

[bitcoinvest]

It would be launched immediately I guess.

In the first week, we could see $300 million poured into the ETF.

It will give Bitcoin more legitimacy in the average Joe eye and it easily could double the price of Bitcoin.

Sorry if there is something i'm missing here.
But how do you know first off all the we will have a yes? you know something ? because in the little time i spend on searching on that i nothing found.

And ok after that what you think can $300 million can do to a market of  $13,390,354,911 ...
You think they will have buy orders at market price open until they buy all?

[Fakhoury]

It would be launched immediately I guess.

In the first week, we could see $300 million poured into the ETF.

It will give Bitcoin more legitimacy in the average Joe eye and it easily could double the price of Bitcoin.

Sorry if there is something i'm missing here.
But how do you know first off all the we will have a yes? you know something ? because in the little time i spend on searching on that i nothing found.

And ok after that what you think can $300 million can do to a market of  $13,390,354,911 ...
You think they will have buy orders at market price open until they buy all?

Don't be sorry, you are not missing something

All your answers are found here.

https://www.scribd.com/document/336204627/Bitcoin-Investment-Trust-Spencer-Needham#from_embed?content=10079&ad_group=Online+Tracking+Link&campaign=Skimbit%2C+Ltd.&keyword=ft500noi&source=impactradius&medium=affiliate&irgwc=1

[valta4065]

-snip-

Hey guys, can someone give a link for the slow turtle I am?
You're all talking about "ETF" and I don't have a clue on what it is.
And your article isn't better Fakhoury, I bet it's fucking interesting but it only details the effect of ETF approval or refusal and how ETF could change bitcoin worlf and maybe even financial world in a more general way but without ever saying again what ETF means because xD

[the artful bodger]

ETF means Wallstreet can easily move hundreds of million USD into BTC without any legal, safety or accounting issues.

ETF would mean 5000$+

But imo it wont happen, at least not in 2017.

I don't think the ETF will happen in 2017, but I think bitcoin could go above $5000 in 2017. In 2013 bitcoin crashed then went above $1000 when the US announced it wasn't banning it. The same thing could happen this year if the PBOC announces it's not going to regulate bitcoin exchanges.

[Torque]

Bwaahhahahahahaha!!!!

Deutsche Bank Joins Venture to Offer Blockchain Products
https://global.handelsblatt.com/finance/deutsche-bank-joins-venture-to-offer-blockchain-products-682447

A choice quote:

"Some banks are already using blockchain technology to conduct security trades with utility settlement coins, a digital currency, instead of traditional bank transfers. By going digital with blockchain, banks don’t have to keep as much capital and liquidity on hand for financial transactions."

[the artful bodger]

-snip-

Hey guys, can someone give a link for the slow turtle I am?
You're all talking about "ETF" and I don't have a clue on what it is.
And your article isn't better Fakhoury, I bet it's fucking interesting but it only details the effect of ETF approval or refusal and how ETF could change bitcoin worlf and maybe even financial world in a more general way but without ever saying again what ETF means because xD

Here's an old article explaining what a bitcoin ETF is.

http://www.investopedia.com/articles/investing/041114/why-winklevoss-twins-new-bitcoin-etf-matters.asp

The Winklevoss Bitcoin Trust, currently moving towards regulatory approval, could be approved by the end of 2014 and will be a Bitcoin exchange-traded fund (ETF), with each share representing an amount of bitcoin held by the Trust. Currently, such an investment vehicle is only available to wealthy investors, through funds like the Bitcoin Investment Trust. The Winklevoss ETF will allow people with a brokerage account to invest in Bitcoin without having to worry about the challenges of buying, storing, and safekeeping bitcoin.

[valta4065]

-snip-

Hey guys, can someone give a link for the slow turtle I am?
You're all talking about "ETF" and I don't have a clue on what it is.
And your article isn't better Fakhoury, I bet it's fucking interesting but it only details the effect of ETF approval or refusal and how ETF could change bitcoin worlf and maybe even financial world in a more general way but without ever saying again what ETF means because xD

Here's an old article explaining what a bitcoin ETF is.

http://www.investopedia.com/articles/investing/041114/why-winklevoss-twins-new-bitcoin-etf-matters.asp

The Winklevoss Bitcoin Trust, currently moving towards regulatory approval, could be approved by the end of 2014 and will be a Bitcoin exchange-traded fund (ETF), with each share representing an amount of bitcoin held by the Trust. Currently, such an investment vehicle is only available to wealthy investors, through funds like the Bitcoin Investment Trust. The Winklevoss ETF will allow people with a brokerage account to invest in Bitcoin without having to worry about the challenges of buying, storing, and safekeeping bitcoin.

Thanks for the link but...
I don't see the point.
Bitcoin is one of the easiest things in the world to buy and store no?
Why on earth would it be necessary to through a funds company?

" Furthermore, secure storage of bitcoins by placing them into cold storage - that is, in wallets that are kept disconnected from the internet - can be technically challenging and investors may not want to take the responsibility of handling this.
"

Like seriously? Challenging? xD
A kid could do that after a couple of tries, don't tell me it's "challenging"!

[rjclarke2000]

Bwaahhahahahahaha!!!!

Deutsche Bank Joins Venture to Offer Blockchain Products
https://global.handelsblatt.com/finance/deutsche-bank-joins-venture-to-offer-blockchain-products-682447

A choice quote:

"Some banks are already using blockchain technology to conduct security trades with utility settlement coins, a digital currency, instead of traditional bank transfers. By going digital with blockchain, banks don’t have to keep as much capital and liquidity on hand for financial transactions."

Are you basically saying it's only a matter of time before bitcoin is used OR do you think they are using it (trialing it) instead of "utility settlement coins"

[tabnloz]

^ Thanks for the wise words old man, I like the temporary pawning thought.

I thought the next top would be around $6k, but some of the Elliot Waves guys disagree:
https://medium.com/@coinscrum_75299/the-fractal-relationship-between-bitcoins-first-two-bubbles-and-what-they-might-tell-us-about-a-acd81d3b2b92#.qfe8ak8xg

I am getting convinced selling almost guaranteed makes you miserable: You sell too early or too late.
Greed is a bitch.

Hodling is hard work. The sentiment of the market gets to everyone. I can imagine the regret of those who survived the $2-$32 bubble and then sold before the next spike amidst the doom. The threat of failure is always there but as you pass through the boom/bust phases your downside becomes less and less. Im always trying to reinforce the train of thought that the amount of people who have heard of Bitcoin is still relatively small and further those that know more than they hear on the news is even smaller.