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

[TeeBone]

it will get critical at gold parity (1 ounce is 31.1 grams):


http://pricedingold.com/bitcoin/

About as useless a 'parity' as you'll ever find, as gold's global market cap is 8 trillion plus.

[gembitz]

market cap pinning towards the moon!! :-D  Market Cap $17,384,841,769

https://coinmarketcap.com/currencies/bitcoin/

[marcus_of_augustus]

A bitcoin ETF would be for the bitcoin 'market cap' like an IPO for big. tech. stock ....

[notme]

A bitcoin ETF would be for the bitcoin 'market cap' like an IPO for big. tech. stock ....

Opens way too high, crashes immediately, then slowly recovers to 4X the IPO price?

[savetherainforest]

Imagine yourself 20 years older, trying to explain to the new generation, what is fiat.

bahahahaha

good luck!

I imagine we will actually have that problem! ... And probably the best answer will be : "fake funny paper monopoly money that people believed it was real and held the illusion of actually having value!" ... kids will scratch their heads a bit when hearing that...  




                                                                                                                                                                                  

[marcus_of_augustus]

A bitcoin ETF would be for the bitcoin 'market cap' like an IPO for big. tech. stock ....

Opens way too high, crashes immediately, then slowly recovers to 4X the IPO price?

lol, yeah probably.

What about the whole gets pumped insanely by Cramer on Mad Money and rumours swirled about by suits on Wall St., public money is bewildered, bemused and titillated at crazy valuation volatility but puts mad money in anyway, some early investor techies lose their shit and drop out of rat race, marrying for the 3rd time and going native in a forest somewhere, different groups inside the organisation form factions and start vying for control until open war breaks out and CEO gets fired by the new board chairman appointed by the suits. etc. etc? ... you know the whole tech. IPO nine yards thing.

[Karartma1]

A bitcoin ETF would be for the bitcoin 'market cap' like an IPO for big. tech. stock ....

Opens way too high, crashes immediately, then slowly recovers to 4X the IPO price?

lol, yeah probably.

What about the whole gets pumped insanely by Cramer on Mad Money and rumours swirled about by suits on Wall St., public money is bewildered, bemused and titillated at crazy valuation volatility but puts mad money in anyway, some early investor techies lose their shit and drop out of rat race, marrying for the 3rd time and going native in a forest somewhere, different groups inside the organisation form factions and start vying for control until open war breaks out and CEO gets fired by the new board chairman appointed by the suits. etc. etc? ... you know the whole tech. IPO nine yards thing.

I think you are missing an important part of the puzzle. There are many small/medium size investors that want to invest in such an instrument. They don't want to hold bitcoin they will never get it but they want a share in the ETF. And they will buy it and trade like they always did.

[machasm]

So close to breaking through to 1000 euro!

[julian071]

Wall pulled, 1000.01 euro!!

Edit: hehe that triggered some sells.

[podyx]

What the fuck happend

[kehtolo]

Gone full retard apparently.. COIN not approved (insiders?) EDIT: I'm speculating here.. i know nothing either!

CO-ordinated dump? Who knows anymore...

[600watt]

crypto is dead. 

[Genesis1337]

yoooo, that drop was crazy!!! any news out?

[shapeshiftscam]

What the fuck happend

My Chinese friend sent me this link:  

http://finance.sina.com.cn/china/gncj/2017-02-08/doc-ifyameqr7339635.shtml?qq-pf-to=pcqq.group

You can use google translate, it means:"PBOC(The People's Bank Of China) has a meeting about anti money laundrying with Chinese major bitcoin exchanges(I translate it)"

[marcus_of_augustus]

What the fuck happend

My Chinese friend sent me this link:  
http://finance.sina.com.cn/china/gncj/2017-02-08/doc-ifyameqr7339635.shtml?qq-pf-to=pcqq.group
You can use google translate, it means:"PBOC(The People's Bank Of China) has a meeting about anti money laundrying with Chinese major bitcoin exchanges(I translate it)"

Exactly at the same time as bitcoin touches EUR1000 .... yawn,stupid chinese games again, does anyone even verify if PBOC is actually issuing these things?

[machasm]

What the fuck happend

My Chinese friend sent me this link:  

http://finance.sina.com.cn/china/gncj/2017-02-08/doc-ifyameqr7339635.shtml?qq-pf-to=pcqq.group

You can use google translate, it means:"PBOC(The People's Bank Of China) has a meeting about anti money laundrying with Chinese major bitcoin exchanges(I translate it)"

You would have thought that the market would have got used to these "China bans bitcoin" fake news by now.
Man people are soo jittery.

[kehtolo]

I'm not exactly sure, but i thought the dump seemed to be initiated from the west. I was watching Bitstamp at the time, and it started dropping first.. OKCoin followed afterwards.

Or i could be talking complete bollocks..

I just caught that think about the PBoC meeting and so on. I don't think it's any reason to worry. Still, not nice seeing sudden downward moves like that!

I think it's just the usual "sell the news" reaction.. we'll be back climbing inside next 24 hrs or so. $1100 & €1000 in next 72 hrs. Lets see.

[Genesis1337]

What the fuck happend

My Chinese friend sent me this link:  

http://finance.sina.com.cn/china/gncj/2017-02-08/doc-ifyameqr7339635.shtml?qq-pf-to=pcqq.group

You can use google translate, it means:"PBOC(The People's Bank Of China) has a meeting about anti money laundrying with Chinese major bitcoin exchanges(I translate it)"

wow, just because of that article? the chinese are crazy man, thanks for link

[Fatman3001]

China Bans Bitcoin..... AGAIN!!!!

[droizs]

time to take some profit guys...