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

[bitcoinvest]

The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?

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[LLec]

The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?

It falls on a Saturday?  
What is that about? They going for donuts and coffee before this formal meeting.
Having it scheduling it on that day doesn't make it sound they are taking it too seriously. Because we all know that business days are Monday-Friday and the weekend are when government officials and their federal workers are off those days but they still get paid.
So is it just a 1 minute meeting of a "yey" or "ney" vote and then they all go to McDonald's afterwards to finish their McCafe's and hot apple pies?
They get paid anyways even if it is 1 minute or 1 hour or not even showing up.
Cause it is out of their own time cause they are "not on the clock" so to speak over the weekends which is essentially "their own time".

[gentlemand]

The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?

That's the decision deadline. There's no associated meeting. They might already have made up their minds. Falling on a Saturday is a bit of a weird move indeed. I've read elsewhere that no ETF has ever passed by doing nothing, which is what some people are expecting here, and there's no way something so new and complex would pass like that either.

We'll know either way before that Saturday I expect.

[craked5]

The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?

That's the decision deadline. There's no associated meeting. They might already have made up their minds. Falling on a Saturday is a bit of a weird move indeed. I've read elsewhere that no ETF has ever passed by doing nothing, which is what some people are expecting here, and there's no way something so new and complex would pass like that either.

We'll know either way before that Saturday I expect.

Absolutely no way ETF goes through.

But you think it will have an effect? Why should it makes btc rate drop? Any correct trader knows the chances are low no?

[gentlemand]

Absolutely no way ETF goes through.

But you think it will have an effect? Why should it makes btc rate drop? Any correct trader knows the chances are low no?

Stranger things have happened. And that big meeting they had a couple of weeks ago are not the actions of something that's been outright rejected. They want to know more.

I think quite a few people have bought in with the expectation of a further rise if it's approved. Maybe they'll throw in the towel. There'll be a dip. A full on crash is doubtful as ETF fever is only part of the general uptrend that's been going for a long time now.

And there are two more applications to consider in quick succession after the Winklevii one. I doubt they'll have the gloss, but perhaps they'll add some refinements. Overall though I think rejections will be down to Bitcoin itself and no applicant can do anything about that.

[K~Ehleyr]

I don't think we can be so sure it won't.  I still think TPTB might see the ETF as an initial step towards gaining a handle on bitcoin.  Like Google's strategy of controlling the primary gateway to the internet, an ETF would be a government-controlled gateway into bitcoin, and as the gateway used by very wealthy non-techie types, it would be a very important gateway to control.

I hadn't twigged that the 11th is a Saturday... how odd... I wonder if that means in real terms that we'll know the outcome by close of business on the Friday...

[bitcoinvest]

IF i repeat IF the decision will come out Saturday in many ways can give opportunity to insiders make a tone of money.... do you see the same picture on that or only i am?

[HI-TEC99]

The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?

That's the decision deadline. There's no associated meeting. They might already have made up their minds. Falling on a Saturday is a bit of a weird move indeed. I've read elsewhere that no ETF has ever passed by doing nothing, which is what some people are expecting here, and there's no way something so new and complex would pass like that either.

We'll know either way before that Saturday I expect.

Absolutely no way ETF goes through.

But you think it will have an effect? Why should it makes btc rate drop? Any correct trader knows the chances are low no?

I remember there was a crash after one of the US marshals auctions, and most of us expected a crash after another, but there was a rally instead. It's difficult predicting Bitcoin's price movements, and it often does the opposite of what's expected. There could even be a pump after an ETF rejection, although most of us expect rejection to lead to a dump.

[K~Ehleyr]

The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?

That's the decision deadline. There's no associated meeting. They might already have made up their minds. Falling on a Saturday is a bit of a weird move indeed. I've read elsewhere that no ETF has ever passed by doing nothing, which is what some people are expecting here, and there's no way something so new and complex would pass like that either.

We'll know either way before that Saturday I expect.

Absolutely no way ETF goes through.

But you think it will have an effect? Why should it makes btc rate drop? Any correct trader knows the chances are low no?

I remember there was a crash after one of the US marshals auctions, and most of us expected a crash after another, but there was a rally instead. It's difficult predicting Bitcoin's price movements, and it often does the opposite of what's expected. There could even be a pump after an ETF rejection, although most of us expect rejection to lead to a dump.

This is exactly why I suspect the market is now just waiting to find out.  Nobody can be sure what effect a decision either way will have on bitcoin, but by now most people will have positioned themselves according to how they think it will play out and, unless some other factor comes into play in the meantime, I suspect we're just going to hover around here until the 11th, poised to respond to whatever happens then.

[Karartma1]

IF i repeat IF the decision will come out Saturday in many ways can give opportunity to insiders make a tone of money.... do you see the same picture on that or only i am?

https://www.bitmex.com/app/trade/COIN_BH17
Want to bet on it?

By the way, if I recall it correctly the decision deadline is on March 11th but there are chances this can be decided by March 11th which makes a big difference. IMHO we will know the end of the story on March 13th: and we'll probably see what does it mean to do insider trading.
If there will be no decision by the 11th and big buys will start you'll probably know what to do.
Exciting times, indeed.

[edgar]

all this up n down is making me seasick!!

[starmman]

all this up n down is making me seasick!!

Haha, I like a nice bit of volatility =) Volume still didn't hit what we saw at the start of Jan - could be quite a bit more to come

[Spaceman_Spiff]

great cartoon on r/bitcoin  :

[Spaceman_Spiff]

dumping

[rjclarke2000]

800?

[Dafar]

800?

More like $200.


Bitcoin experiment over... it's time to move on folks. See you in the next life, maybe we'll be rich one day

[rjclarke2000]

800?

More like $200.


Bitcoin experiment over... it's time to move on folks. See you in the next life, maybe we'll be rich one day

Yep, game over I guess

[bitcoinvest]

wow i was for launch and come back to see ~20€ down.... why this dumps ? it's weekend again or China ban??? hohohoh

[ErisDiscordia]

800?

More like $200.


Bitcoin experiment over... it's time to move on folks. See you in the next life, maybe we'll be rich one day

Yep, game over I guess

Stolfi was right after all! Well, it was fun while it lasted.

[Elwar]

If you look at the lines from that last two huge drops, the line would be at $1128 as the floor.

Sorry, no charts.