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

[HI-TEC99]

The Bitcoin ETF Will Be Rejected According to Prediction Markets

https://www.cryptocoinsnews.com/the-bitcoin-etf-will-be-rejected-according-to-prediction-markets/

You only need to know the "trend": Has the establishment / authorities, ever done anything to pump BTC? No. They have done exactly the opposite (hammering BTC with "negative news"). And BTC rises despite these.

The establishment's attitude could be changing. The EU is debating new rules to stop any company discriminating against any customer based on where his IP says he's located. The debated new rules specifically include consumers paying with virtual currencies.

Most companies accepting Bitcoin refuse to do business with New York residents out of fear of the Bit License, but the proposed new EU rules would compel EU companies to do business with them. That could help pump Bitcoin.

http://www.coindesk.com/eu-lawmakers-propose-to-ban-geo-blocking-of-digital-currency-users/

A European Parliament committee has proposed new measures that would prevent location-based discrimination against consumers in the economic bloc, including users of digital currencies...

The draft document states:

“The Commission should assess whether to provide the legal framework that allows, subject to the freedom of contract principle, the protection of undertakings and consumers when the transaction is carried through alternative modes of payment, including virtual currencies, other blockchain type transactions and ewallets.”

[Searing]

Supply and demand ... I'm not sure if ETF speculation has much to do with it at all, there seems to be exponential growth in multiple regions simultaneously, Japan, China, USA, Europe, India, maybe it's just time. Bitcoin has rekt lotsa wouldbe traders before, I'm sure it will do it again, it is unlike any market seen before, that is for sure.

Still targetting $1600-1800 by end of March to keep the exponential adoption growth wave bull run (beginning around $225 low) intact.

Crap...spent 4.5 btc on life issues....back to fiat it went......need to re-coup......of course it will now pump to $1,600 usd!

Oh well....good to have a goal....still should be OK from mining and get there in 3-4 months till EOL doorstop Titans anyway

messed my knee up.....car puked...etc....Life has a way of getting you when you are happy at your 100 btc ...blamo....that will show me...

Anyway even at 95.5 BTC that is still over 100k so go baby go....

(need life coach to be less of a klutz....sheesh)

As to the ETF my only hope is the new Trump administration is in such 'disarry' that maybe..just maybe...no action will be taken on ETF and it will slip through

doubtful..but if they are gonna drop the hammer why wait till march 11th to do so? (unless they want to knock down that pesky virtual coin BTC with that as a statement)

[becoin]

Most companies accepting Bitcoin refuse to do business with New York residents out of fear of the Bit License

Looks like Tor is the best friend for New York residents?

[AlexGR]

The establishment's attitude could be changing.

It could but it won't

[yefi]

1100 USD. If I were a bear, my palms would be starting to sweat around now and I'd be doing things to try and distract my mind.

[LFC_Bitcoin]

The slower the price goes up now, the more the price will go up in the future.

You guys will be in for a ride

I prefer slow & steady, less chance of those crippling dumps then.

Regardless I'm ready to go.

[lightfoot]

Looks like it just plowed through the 1100 snowbank....

[talkbitcoin]

The slower the price goes up now, the more the price will go up in the future.

You guys will be in for a ride

I prefer slow & steady, less chance of those crippling dumps then.

Regardless I'm ready to go.

[i m g]https://media3.giphy.com/media/pdtaN3WCeipkQ/200w_s.gif[/img]

as long as manipulators exist in the world dumps will exist too, the size of the dump will shrink though, as the number of panic sellers shrink since they are the ones who snow-ball the dump to the ground not the real initial dump.

[phatsphere]

what's currently the "official" ATH?

[toknormal]

I prefer slow & steady, less chance of those crippling dumps then.

It's all relative.

If it's going to rally up to $6000 then $50 a day is "slow & steady".

what's currently the "official" ATH?

$1163 ? (Bitstamp 2013)

[HI-TEC99]

what's currently the "official" ATH?

$1163 ? (Bitstamp 2013)

bitstamp ATH $1163
bitfinex ATH $1175
Gox ATH $1242

Everyone says the Gox ATH was manipulated, but at the highest price it's a big psychological barrier. I'll be happy if it takes another week to go above the bitstamp ATH. I expected more of a battle to get over $1100.

[bitcoinvest]

it would be better if was in Gold color but it's ok for now BTC starts to kicks asses around !

Go go go !!! to da mooooooon Bitcoin!  

Really hard times for my sleep, i lost about 4 hours last night and today at work one eye was looking the right monitor with charts and show happening again!!! wow!

[gembitz]

what's currently the "official" ATH?

$1163 ? (Bitstamp 2013)

bitstamp ATH $1163
bitfinex ATH $1175
Gox ATH $1242

Everyone says the Gox ATH was manipulated, but at the highest price it's a big psychological barrier. I'll be happy if it takes another week to go above the bitstamp ATH. I expected more of a battle to get over $1100.

^Amazon must be getting slammed with bitcoin people whereas they have enhanced the requirements via coinbase...lol i hav'nt used coinbase in THREE YEARS!!! :-D  ~good times rokking  $2000 inkoming!!imho

[strawbs]

What are the chances of another "China bans bitcoin for the 97th time" story sometime between now and $1242....

[Ted E. Bare]

I also enjoy keeping my eyes on the screen. What a show.

[bitcoinvest]

What are the chances of another "China bans bitcoin for the 97th time" story sometime between now and $1242....

i think this story not find readers any more they will come up with something new maybe they will try to promote disapproval of the ETF as a catastrophe (if it will not get approved)but we all know, no matter what, Bitcoin road long term is only UP!

[ImI]

what's currently the "official" ATH?

1163$

no one cares about the fake ATH that gox did

[notme]

what's currently the "official" ATH?

1163$

no one cares about the fake ATH that gox did

The media does.  They won't run a story about breaking the all time high until they can do it without having to explain why the MtGox price is invalid.

[strawbs]

What are the chances of another "China bans bitcoin for the 97th time" story sometime between now and $1242....

i think this story not find readers any more they will come up with something new maybe they will try to promote disapproval of the ETF as a catastrophe (if it will not get approved)but we all know, no matter what, Bitcoin road long term is only UP!

Indeed. I'm considering shorting before the allegedly 'catastrophic' ETF news causes the inevitable selling, just so I can accumulate more coins prior to the impending shot at the moon!

[bitcoinvest]

What are the chances of another "China bans bitcoin for the 97th time" story sometime between now and $1242....

i think this story not find readers any more they will come up with something new maybe they will try to promote disapproval of the ETF as a catastrophe (if it will not get approved)but we all know, no matter what, Bitcoin road long term is only UP!

Indeed. I'm considering shorting before the allegedly 'catastrophic' ETF news causes the inevitable selling, just so I can accumulate more coins prior to the impending shot at the moon!

just keep in mind that if you also agree on that and thinking about that coming its not only you and me that we expect this to happen..and if all the traders wait for that maybe happen something before that or after that... i know nothing.. i just say better be safe than sorry sometimes and here the news regarding the ETF are on fire.. so in my opinion something smells here...