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

[abercrombie]

are we rich yet?? 

[K~Ehleyr]

Stamp is only $20 away from gold parity!!

[craked5]

ATH again!

Welcome to the moon train gentlemen. 

Please attach your seatbelt and remain sit down holding your coins until the end of take off.

BTC company wishes you a pleasant flight to the moon. Don't forget everything is duty free 

[kurious]

Stamp is only $20 away from gold parity!!

The (alleged) Gox ATH was within a couple of $ of gold parity back in 2013 IIRC.

I won't be surprised if we stall there.  The media will jump on it and the FOMO will be huge if we top it - it's the 'no argument' ATH - and then Gold parity too?.  It will be news, big news.   But maybe some people won't want to see that.

Popcorn time!

[Paashaas]

Here we go!

[PaymyBills]

Stamp is only $20 away from gold parity!!

The (alleged) Gox ATH was within a couple of $ of gold parity back in 2013 IIRC.

I won't be surprised if we stall there.  The media will jump on it and the FOMO will be huge if we top it - it's the 'no argument' ATH - and then Gold parity too?.  It will be news, big news.   But maybe some people won't want to see that.

Popcorn time!

Time to watch this train without brakes climb this mountain!

1300$ soon1

[willope]

ATH LADIES & GENTLEMEN
 

[abercrombie]

The (alleged) Gox ATH was within a couple of $ of gold parity back in 2013 IIRC.

It's debatable if GOX can be called an ATH, since it was fake coins and you couldn't withdraw coins or FIAT at that time.

[Torque]

Is it me, or does it feel like the train is trying to leave the station early?

[Meuh6879]

but, you can't stop the train, too ...



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

$19,527,347,612 ...

[soullyG]

Anyone know where this gif is from? Couldn't find any leads on Google image search

[Lauda]

Waiting for Gox ATH to be broken..

[Ahab_Hunter_of_BearWhale]

Anyone know where this gif is from? Couldn't find any leads on Google image search

Yeah it's a sweet one ^_^

[Denker]

Is it me, or does it feel like the train is trying to leave the station early?

Yeah it looks a bit like that right?!
Funny is that many people do not seem to recognize or do not really care that we made new ATHs again.
Maybe they all are waiting for $2000 or a final SEC decision, I don't know.

[gentlemand]

The launch of the first Gold ETF was hardly bullish. For the first year of its existence, the metal's price actually dropped. Eventually, it took off, but more as a result of the turmoil unleashed by the global financial crisis than on its own merits.

https://www.bloomberg.com/gadfly/articles/2017-02-27/winklevoss-bitcoin-etf-bet-is-a-countdown-to-zero-or-less

So bitcoin price drops after ETF aproval? 

The gold market has been fully developed for millennia. That's a deeply silly comparison.

GLD probably hasn't done gold any favours though. I wonder whether a Bitcoin ETF will do the same.

[kehtolo]

The launch of the first Gold ETF was hardly bullish. For the first year of its existence, the metal's price actually dropped. Eventually, it took off, but more as a result of the turmoil unleashed by the global financial crisis than on its own merits.

https://www.bloomberg.com/gadfly/articles/2017-02-27/winklevoss-bitcoin-etf-bet-is-a-countdown-to-zero-or-less

So bitcoin price drops after ETF aproval?  

The gold market has been fully developed for millennia. That's a deeply silly comparison.

GLD probably hasn't done gold any favours though. I wonder whether a Bitcoin ETF will do the same.

I read this article the other day.. my opinion of it? Its basically a big steaming pile of horseshit.
He reckons bitcoin is at a binary crossroads waiting for news of the ETF - Extrapolated further. the very survival of bitcoin depends on ETF approval?

And then he finishes by saying: "The digital currency's future has never been this binary. Unlike with programming code, though, one of the two alternatives isn't zero: It's a deeply negative number."

You can pay heed to this article if you like.. but my immediate thoughts after reading it were: idiot.

[Torque]

GLD probably hasn't done gold any favours though. I wonder whether a Bitcoin ETF will do the same.

Well, one big difference, and what would be absolutely critical for Bitcoin ETFs and Trusts moving forward, is 100% on-demand transparent auditing of holdings.  That has to be a thing, and it should be trivial and built-in.  If Bitcoin exchanges and brokers can expose it easily (well some have chosen to anyway), then COIN or any of the other ETFs should be able to make that happen on any given Sunday.

Otherwise it'll just become like Gold ETFs long term.... no transparency, no proof of holdings, fractional reserve trading, naked short-selling, etc.

[soullyG]

Yeah it's a sweet one ^_^

Never mind, I'm a dummy...was from Flight of the Navigator

[LFC_Bitcoin]

Just seen the price

[gentlemand]

Well, one big difference, and what would be absolutely critical for Bitcoin ETFs and Trusts moving forward, is 100% on-demand transparent auditing of holdings.  That has to be a thing, and it should be trivial and built-in.  If Bitcoin exchanges and brokers can expose it easily (well some have chosen to anyway), then COIN or any of the other ETFs should be able to make that happen on any given Sunday.

Otherwise it'll just become like Gold ETFs long term.... no transparency, no proof of holdings, fractional reserve trading, naked short-selling, etc.

It's eminently achievable but I'm not sure enough future newcomers will care about that. I can foresee them being offered Bitcoin or crypto trackers even when there are auditable alternatives.

All most people care about is a rising number. There are enough snake oil salespeople to lay that on while it lasts. The KNCminer ETN is backed by real coins but that's a purely voluntary action as far as I can tell. Future ones won't be.