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

[gizmoh]

 It is ON

 https://coin-etf.com

[Arcteryx]

It is ON

 https://coin-etf.com

What's on? Your site promotion?

There would be an official announcement if the Winklevoss's had it approved and it was starting.
More then likely on their Genesis exchange.
That's what coinbase would do.

[Killerpotleaf]

It is ON

 https://coin-etf.com

What's on? Your site promotion?

There would be an official announcement if the Winklevoss's had it approved and it was starting.
More then likely on their Genesis exchange.
That's what coinbase would do.

this is gentlemen?

[swogerino]

$1000 is back in view!

Back to $1000 on Bitstamp already!

Once again it's on!
$1000.19 and rising nicely.

Slowly this time just the way we all like it!
Sexy when it's slow.

No need to pre ejaculate all over the place and ruin it for the ladies.

[MinermanNC]

ah I see things are coming along nicely again, as anticipated. 

[Torque]

He was "above" all of you. Did you not know that? Dear dear

Ah. Fair enough. I left school at 16 so I'm not worthy to receive his edicts from on high. I'd still give him a nipple cripple if I ever met him for using up my valuable bandwidth with his endless dribbling.

Here's another so-called genius that you might have missed:

"The growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law'–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's."

-Paul Krugman, Nobel Prize winning Economist

[marcus_of_augustus]

Finally feel like the scrap for $1000 is getting real ... only thing left now is to see the loser shorts beaten bloodied and dragged out by their boots.

[MinermanNC]

Just looking at alts and they are only slightly down overall, which is great when you factor in the increase back in BTC. Its a good day in crypto when you have green candles on both coin types as we did for a while lol

Last Night alts where all up and climbing, as BTC fell and then leveled out. Today BTC is up and Alts are lagging behind... slightly   as it always does......

Basically all I'm saying is, everything is in a pretty healthy and stable state. Both BTC and Alts.  

[jackjack]

China is awake for hours, but where's the tragic dump?

[Fakhoury]

The COIN ETF Official Twitter Account, Note the CREATION DATE !!!!!!!!!!!

News URL : https://twitter.com/COIN_ETF

[gentlemand]

Odd. Why wouldn't they hold off completely until they were totally sure? It just makes them look a little daffy if it turns out to be a damp squib,

[Fakhoury]

Odd. Why wouldn't they hold off completely until they were totally sure? It just makes them look a little daffy if it turns out to be a damp squib,

It seems you are getting my point over here brother, what IF THEY ARE SURE THAT IT WILL BE ACCEPTED ?!!!!!

Want another evidence ? Sure, why not

[Fakhoury]

[gentlemand]

Well, if it were me my first tweet would be APPROVED in very large and red letters and then I'd start tweeting away the various details, but I'm not a Winklevoss.

[Fakhoury]

Well, if it were me my first tweet would be APPROVED in very large and red letters and then I'd start tweeting away the various details, but I'm not a Winklevoss.

I would do this as well, but lets think about this together for a couple of minutes, after a website (they edited it btw before few days to add more info.), logo and a twitter account and they have 0.000001% this won't get approved ? Will the twins lose their credibility easily like this ?

I highly insanely doubt unless my IQ is never met on Earth then  

[marcus_of_augustus]

Well, if it were me my first tweet would be APPROVED in very large and red letters and then I'd start tweeting away the various details, but I'm not a Winklevoss.

I agree there is something weird going on here. It seems like they want to telegraph that the ETF will go live before it does, without saying as much. I wonder what the implications are for the ETF if the pricing dislocation is too great if/when an "approved" news hits the markets?

Do they need to go out and buy $100 million at the market or have they somehow hedged in the option to buy at $1000, which is the price mentioned in their latest filing documents?

[Fakhoury]

Well, if it were me my first tweet would be APPROVED in very large and red letters and then I'd start tweeting away the various details, but I'm not a Winklevoss.

I agree there is something weird going on here. It seems like they want to telegraph that the ETF will go live before it does, without saying as much. I wonder what the implications are for the ETF if the pricing dislocation is too great if/when an "approved" news hits the markets?

Do they need to go out and buy $100 million at the market or have they somehow hedged in the option to buy at $1000, which is the price mentioned in their latest filing documents?

Thank God that I'm not the only one here sounding the ultimate crazy.

For your question brother, here is the answer

https://bitcointalk.org/index.php?topic=1166428.msg17794291#msg17794291

[Meuh6879]

You can't fight the futur.
And will brake the wall ... really, really hard the next time.

[JayJuanGee]

I see we are going up again. PBOC together with OKCoin and Huobi will have to do something more to dump the price mmore than this. This is totally a trench warfare now. Only the strongest survive  

$970 by the way

i have  a strange feeling something will do indeed and is on the horizon i don't like the charts this moment... this up bounce is not strong

What is your "strange feeling?"

What level of probabilities do you assign to up or down?


When you say that you are more inclined for down, are you influenced by your short (or your having had sold)  in your opinion?

I try to place my bets in both directions in order that I am neutral about either direction and to just judge the probabilities based on realities of the situation (rather than wishes or rather than positions that I may have taken), and it seems that there is a bit of tension to go up from here.. at least a bit of a upward bounce in the short term, no?

I mean we already experienced a considerable and intense increased volume attempting to push prices down.  Remember there where tens of thousands of coins dumped in a very short period of time in order to attempt to get prices to go down.  There were more than 13k coins dumped on Stamp alone in about 2 hours, and those attempts to dump and to drive prices down have only been so successful.  They have run into buying support and inabilities to get the prices to go lower, no?  , and there is a bit of pressure to go back up.. that is the sense that i am getting at the current time, as I type....

So maybe as I type I would place additional downwards at less likely than upwards.. maybe 45% or less for downwards, and 55% or more for upwards.. at least the short term. the next 1 to 3% of a price move in either direction.. of course further out, we may have a bit of a different dynamic that develops and we have to keep our ear to the situation (and yeah, we don't know if dumpers still have some coins in reserve that they are ready and willing to dump at these levels and based on current dynamics, even though it kind of seems that they may have used up a lot of their coins already, no?)

i am 50% 50% so what comes after will be the same result for me as before the 50% i sold at 950 euro kai bought back at 880 euro.
i have the feeling that more coins will be dumped at this level we are now. i can see that (not me....my feeeeeing ) happening tonight

I understand that quite a few folks engage in that kind of a strategy of selling large bundles of their BTC holdings in order to buy back cheaper, even after there has already been a considerable correction.

Regarding correction and our current place, we are currently talking about a correction that was about 17% with a bit more than half of that recovered... so maybe you could be right that we could have another down leg.. but I have too much insecurity to place too many BTC on such a bet - especially since I feel fairly decent about accumulating.. and I don't like running after any trains (how rare that has happened to me).

Anyhow, probably there are ways to make such a betting big(ger) strategy work, and maybe folks become less stressed out about such a strategy the more that such a strategy is practiced?

[d5000]

This morning I thought: "Oh, the price evolution seems fairly stable after the dump. It could be even bullish. And there was no second Chinese dump."

But now I see the micro-uptrends are weaker every time - like outlined in the "Three dead kitten theory". So unfortunately I expect another dump coming in, probably this weekend. 850 is approximately the value where a reversal back to bullish territory could happen, but it could also go as low as 735-780 again.

Why the pessimism today? Most people get terrified when you mention the 800 range, and now you're telling them 700?

I see my first thoughts were superior to the ones I had when I wrote that post. The reason for my sudden pessimism was that I had seen this kind of pattern (lower highs of the micro-uptrends after a crash) multiple times and they were almost exclusively a bearish indicator.

But there seems to be a very bullish sentiment going on that is stronger than all Chinese dump attempts. We are decoupling from the PBOC-inducted dumps, it seems. Reading the last posts, I think it's speculation on the ETF event. But $3000+? I think they are crazy ... And what's gonna happen with the block size?