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

[gentlemand]

Long term investment would be much better for us. I'm desperate fr the ETF to be approved but we've been here before haven't we, many times.

I'm sure there will be a reason to reject or delay it again.

They can't delay it any more. It's either a yes or a no by then. The longer it drags out, the more likely a yes as far as I can tell.

[LFC_Bitcoin]

Long term investment would be much better for us. I'm desperate fr the ETF to be approved but we've been here before haven't we, many times.

I'm sure there will be a reason to reject or delay it again.

They can't delay it any more. It's either a yes or a no by then. The longer it drags out, the more likely a yes as far as I can tell.

Oh, thanks for that. I didn't know. Fingers crossed then, it'd be a monumental day for those of us who currently have bitcoin's stashed away.

[Holliday]

A Bitcoin ETF makes about as much sense to me as sails on a submarine.

[Syke]

A Bitcoin ETF makes about as much sense to me as sails on a submarine.

There is money tied up in accounts and regulations that cannot buy bitcoin directly, but could buy a bitcoin ETF.

[Holliday]

A Bitcoin ETF makes about as much sense to me as sails on a submarine.

There is money tied up in accounts and regulations that cannot buy bitcoin directly, but could buy a bitcoin ETF.

Precisely.

[DeathAngel]

A Bitcoin ETF makes about as much sense to me as sails on a submarine.

Who cares if it pumps the price up massively? Can only be a good thing for us right?
Let the moron's buy through investment forms & we'll lap up the profits.

[Fakhoury]

What I'm quite sure of is that if the ETF will be 100% approved, we will have a big or even huge bump before the 11th so that the ETF shares buyers don't buy the shares at a reduced price and make it pricey for them.

Yep, happened with every U.S. Marshall auction too.  But this time, it's more interesting, as China has effectively neutered 100X margin and free trades. That means the money won't be coming in from some small time whale pumpers on a few Chinese exchanges... it'll be coming in from actual big money (i.e., U.S. investment funds).  And perhaps much of it won't be just a short term trade, but more long term investment?

Long term investment would be much better for us. I'm desperate fr the ETF to be approved but we've been here before haven't we, many times.

I'm sure there will be a reason to reject or delay it again.

Torque : I believe it will be more of a long term investment and it will give us an insane credibility.

LFC_Bitcoin : As I said it before brother, most probably it will go into auto-approval.

[Karartma1]

Yes guys the ETF is a good step forward: let them buy paper bitcoin notes while we keep the real ones and benefit from the price increase. Rich guys want to be reassured and so be it: give them an ETF and we'll get to BRK.A price (credits to gembitz)
 

[Denker]

A Bitcoin ETF makes about as much sense to me as sails on a submarine.

Who cares if it pumps the price up massively? Can only be a good thing for us right?
Let the moron's buy through investment forms & we'll lap up the profits.

Well big pumps often ends with big corrections as we know from the previous ones.
I'm not a real big fan of that bubble growth and burst stuff.
More healthy, slow and steady is something I would always prefer.
But I know that this BTC rollercoaster ride will continue for some more years.As long as we build higher bottoms after that I will be happy.
Still dreaming of BTC growing like Berkshire A shares over the next 2-3 decades.

[LFC_Bitcoin]

What I'm quite sure of is that if the ETF will be 100% approved, we will have a big or even huge bump before the 11th so that the ETF shares buyers don't buy the shares at a reduced price and make it pricey for them.

Yep, happened with every U.S. Marshall auction too.  But this time, it's more interesting, as China has effectively neutered 100X margin and free trades. That means the money won't be coming in from some small time whale pumpers on a few Chinese exchanges... it'll be coming in from actual big money (i.e., U.S. investment funds).  And perhaps much of it won't be just a short term trade, but more long term investment?

Long term investment would be much better for us. I'm desperate fr the ETF to be approved but we've been here before haven't we, many times.

I'm sure there will be a reason to reject or delay it again.

Torque : I believe it will be more of a long term investment and it will give us an insane credibility.

LFC_Bitcoin : As I said it before brother, most probably it will go into auto-approval.

Anything positive regarding mainstream adoption is good to me Fakhoury. Another step towards that moon trip. Hope you are well my old friend 

[Fakhoury]

What I'm quite sure of is that if the ETF will be 100% approved, we will have a big or even huge bump before the 11th so that the ETF shares buyers don't buy the shares at a reduced price and make it pricey for them.

Yep, happened with every U.S. Marshall auction too.  But this time, it's more interesting, as China has effectively neutered 100X margin and free trades. That means the money won't be coming in from some small time whale pumpers on a few Chinese exchanges... it'll be coming in from actual big money (i.e., U.S. investment funds).  And perhaps much of it won't be just a short term trade, but more long term investment?

Long term investment would be much better for us. I'm desperate fr the ETF to be approved but we've been here before haven't we, many times.

I'm sure there will be a reason to reject or delay it again.

Torque : I believe it will be more of a long term investment and it will give us an insane credibility.

LFC_Bitcoin : As I said it before brother, most probably it will go into auto-approval.

Anything positive regarding mainstream adoption is good to me Fakhoury. Another step towards that moon trip. Hope you are well my old friend 

Believe it or not my dear brother, I've a STRONG FEELING that we will have ETF approval.

[600watt]

A Bitcoin ETF makes about as much sense to me as sails on a submarine.

There is money tied up in accounts and regulations that cannot buy bitcoin directly, but could buy a bitcoin ETF.

Precisely.

[0xfff]

A Bitcoin ETF makes about as much sense to me as sails on a submarine.

There is money tied up in accounts and regulations that cannot buy bitcoin directly, but could buy a bitcoin ETF.

Precisely.

That makes about as much sense to me as wheels on a submarine.

[600watt]

A Bitcoin ETF makes about as much sense to me as sails on a submarine.

There is money tied up in accounts and regulations that cannot buy bitcoin directly, but could buy a bitcoin ETF.

Precisely.

]http://www.boatdesign.net/forums/attachments/boat-design/55958d1302285343-submersible-sailboat-sailing-submarine.jpg

[/url]

That makes about as much sense to me as wheels on a submarine.

http://mikeshouts.com/wp-content/uploads/2011/03/Phil-Pauley-Pathfinder-image4-640x450px.jpg

 

[becoin]

I'm not a real big fan of that bubble growth and burst stuff.
More healthy, slow and steady is something I would always prefer.

Slow and steady growth is not possible. You can't have a slow and steady avalanche. So, get used to accelerated price rise as a result of avalanche-like adoption..

[600watt]

^^the avalanche that sweeps the gentlemen hodlers to da moon.

[JayJuanGee]

$1000 is holding, that is a very bullish signal.

It is bullish, but only for the very short term. I think it's a good indicator that the price wants to re-test the $1130-40 level near the old Bitstamp ATH. But it's no guarantee that the price will cross that important mark.

The power of the bullish trend is slowly going away, so the most probable outcome for me is a double top (a new local high above $1100). $1100 should be a sure bet for now, but after passing that level I would be very careful - specially because of the still unsolved blocksize debate which is, if anything, a possible source of bad news that could emerge every day.

if that ETF thing gets approved and "somebody knows something" this would explain the somewhat strange coming back of the price after jan 5 drop - even with evaporating chines volume.

Here we go with more narrow conspiracy theories.  Even though there may be some truth to any of these kinds of narrow conspiracy theories, bitcoin is much more complex than those simplified explanations.. and the upwards price pressures are coming from more than just a few manipulators (including some hypothetical GOX bot theory)...

[gembitz]

$1000 is holding, that is a very bullish signal.

It is bullish, but only for the very short term. I think it's a good indicator that the price wants to re-test the $1130-40 level near the old Bitstamp ATH. But it's no guarantee that the price will cross that important mark.

The power of the bullish trend is slowly going away, so the most probable outcome for me is a double top (a new local high above $1100). $1100 should be a sure bet for now, but after passing that level I would be very careful - specially because of the still unsolved blocksize debate which is, if anything, a possible source of bad news that could emerge every day.

if that ETF thing gets approved and "somebody knows something" this would explain the somewhat strange coming back of the price after jan 5 drop - even with evaporating chines volume.

Here we go with more narrow conspiracy theories.  Even though there may be some truth to any of these kinds of narrow conspiracy theories, bitcoin is much more complex than those simplified explanations.. and the upwards price pressures are coming from more than just a few manipulators (including some hypothetical GOX bot theory)...

^willy bot is still alive we may see him come out to play later this week :-D weee

[Globb0]

What I'm quite sure of is that if the ETF will be 100% approved, we will have a big or even huge bump before the 11th so that the ETF shares buyers don't buy the shares at a reduced price and make it pricey for them.

Yep, happened with every U.S. Marshall auction too.  But this time, it's more interesting, as China has effectively neutered 100X margin and free trades. That means the money won't be coming in from some small time whale pumpers on a few Chinese exchanges... it'll be coming in from actual big money (i.e., U.S. investment funds).  And perhaps much of it won't be just a short term trade, but more long term investment?

Long term investment would be much better for us. I'm desperate fr the ETF to be approved but we've been here before haven't we, many times.

I'm sure there will be a reason to reject or delay it again.

Torque : I believe it will be more of a long term investment and it will give us an insane credibility.

LFC_Bitcoin : As I said it before brother, most probably it will go into auto-approval.

Anything positive regarding mainstream adoption is good to me Fakhoury. Another step towards that moon trip. Hope you are well my old friend 

Believe it or not my dear brother, I've a STRONG FEELING that we will have ETF approval.

But sails on a submarine would actually work when you want to go in the direction of the current?

[kurious]

What I'm quite sure of is that if the ETF will be 100% approved, we will have a big or even huge bump before the 11th so that the ETF shares buyers don't buy the shares at a reduced price and make it pricey for them.

Yep, happened with every U.S. Marshall auction too.  But this time, it's more interesting, as China has effectively neutered 100X margin and free trades. That means the money won't be coming in from some small time whale pumpers on a few Chinese exchanges... it'll be coming in from actual big money (i.e., U.S. investment funds).  And perhaps much of it won't be just a short term trade, but more long term investment?

Long term investment would be much better for us. I'm desperate fr the ETF to be approved but we've been here before haven't we, many times.

I'm sure there will be a reason to reject or delay it again.

Torque : I believe it will be more of a long term investment and it will give us an insane credibility.

LFC_Bitcoin : As I said it before brother, most probably it will go into auto-approval.

Anything positive regarding mainstream adoption is good to me Fakhoury. Another step towards that moon trip. Hope you are well my old friend 

Believe it or not my dear brother, I've a STRONG FEELING that we will have ETF approval.

But sails on a submarine would actually work when you want to go in the direction of the current?

They would work best when you used the direction of the wind to propel you forth.