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

[BTCtrader71]

I just watched the most ridiculous Bitcoin COIN ETF hit piece on Bloomberg video:
https://www.bloomberg.com/news/videos/2016-12-19/winklevoss-twins-prepare-first-ever-bitcoin-fund

Constant pictures/ video spliced in of 'physical bitcoins' in the background (which everyone knows are collectable and not the real bitcoin, makes it look like a toy), the interviewee pointing out negative after negative, etc.  Both the interviewer and the interviewee were literally laughing and scoffing at the idea of an ETF the whole time, like it was one big joke.

It's like the Media has an agenda to keep Average Joe investors skeptical of Bitcoin and scared away from touching it, and especially investing in the ETF.

Seemed like they were laughing more at the idea of a bitcoin ETF than at bitcoin itself. I actually think he made some good points.

https://twitter.com/VinnyLingham/status/835145632998387713

EDIT: for instance, he says in the Bloomberg video that it makes more sense to buy bitcoins directly than to buy the ETF. Gotta agree with that, no?

[arcanaaerobics]

Thought we just hit the new post MT.Gox ATH $1245 on yobit selling deem for.
Then come here and don't see a thing.

Morning disappointment.

[kurious]

£1000


Congratulations to all fellow Brits

Yes!
The fall in Sterling is partly responsible, but I'll take that anyway. Debt in GBP, earnings in USD/BTC.

Same here, the one silver lining to Brexit has been the increase in value of my non-GBP assets.

[silverfuture]

I just watched the most ridiculous Bitcoin COIN ETF hit piece on Bloomberg video:
https://www.bloomberg.com/news/videos/2016-12-19/winklevoss-twins-prepare-first-ever-bitcoin-fund

Constant pictures/ video spliced in of 'physical bitcoins' in the background (which everyone knows are collectable and not the real bitcoin, makes it look like a toy), the interviewee pointing out negative after negative, etc.  Both the interviewer and the interviewee were literally laughing and scoffing at the idea of an ETF the whole time, like it was one big joke.

It's like the Media has an agenda to keep Average Joe investors skeptical of Bitcoin and scared away from touching it, and especially investing in the ETF.

I agree with the guest and it seemed pretty reasonable for a corporate media piece. You're better off holding bitcoins than an etf and it will "catch on" due to mistrust of central banking.

[ImI]

I just watched the most ridiculous Bitcoin COIN ETF hit piece on Bloomberg video:
https://www.bloomberg.com/news/videos/2016-12-19/winklevoss-twins-prepare-first-ever-bitcoin-fund

Constant pictures/ video spliced in of 'physical bitcoins' in the background (which everyone knows are collectable and not the real bitcoin, makes it look like a toy), the interviewee pointing out negative after negative, etc.  Both the interviewer and the interviewee were literally laughing and scoffing at the idea of an ETF the whole time, like it was one big joke.

It's like the Media has an agenda to keep Average Joe investors skeptical of Bitcoin and scared away from touching it, and especially investing in the ETF.

Seemed like they were laughing more at the idea of a bitcoin ETF than at bitcoin itself. I actually think he made some good points.

https://twitter.com/VinnyLingham/status/835145632998387713

EDIT: for instance, he says in the Bloomberg video that it makes more sense to buy bitcoins directly than to buy the ETF. Gotta agree with that, no?

b..but....media evil?

this "the media has an agenda" stuff is kinda funny anyhow. so much positive articles about bitcoin like in the last 3 months have never been before. no matter where you look everywhere folks get explained how bitcoin stuff works and why it has value and so on and on. but lets just ignore that and cry "media evil!"

[Torque]

I just watched the most ridiculous Bitcoin COIN ETF hit piece on Bloomberg video:
https://www.bloomberg.com/news/videos/2016-12-19/winklevoss-twins-prepare-first-ever-bitcoin-fund

Constant pictures/ video spliced in of 'physical bitcoins' in the background (which everyone knows are collectable and not the real bitcoin, makes it look like a toy), the interviewee pointing out negative after negative, etc.  Both the interviewer and the interviewee were literally laughing and scoffing at the idea of an ETF the whole time, like it was one big joke.

It's like the Media has an agenda to keep Average Joe investors skeptical of Bitcoin and scared away from touching it, and especially investing in the ETF.

Seemed like they were laughing more at the idea of a bitcoin ETF than at bitcoin itself. I actually think he made some good points.

https://twitter.com/VinnyLingham/status/835145632998387713

EDIT: for instance, he says in the Bloomberg video that it makes more sense to buy bitcoins directly than to buy the ETF. Gotta agree with that, no?

Yes I agree, for individual retail investors. But for mutual fund investors, the ability to add a Bitcoin ETF to their 401K investment fund portfolio might make sense long term.  In fact, it is the only way some funds can invest/divest $$$ (they can't purchase the underlying commodity directly).  Investing in 401Ks is also pre-tax and employer matched.

[blockcha1n]

What's going to happen when $1242 is past?
A Mt. gox is finally dead announcement and everybody and everything is at peace in the world?

[Sniper44]

Thought we just hit the new post MT.Gox ATH $1245 on yobit selling deem for.
Then come here and don't see a thing.

Morning disappointment.

i didn't even know anybody is trading bitcoin/usd on yobit! last time i checked that site, their orderbook was pretty thin. and when i say thin it means orders with the size as big as 0.0001-0.001BTC volume the biggest one was some under price bid with 0.1BTC volume.

price is 1234 USD now

[Cassius]

What's going to happen when $1242 is past?
A Mt. gox is finally dead announcement and everybody and everything is at peace in the world?

It will be similar to that scene in Ghostbusters, only instead of a giant marshmallow man, Marc Karpeles will explode.

[soullyG]

$1240 now, so close to Gox high I can taste it  

edit: there we go 

[kehtolo]

WE are sitting above the price of Gold per Oz and marginally over the Mt.Gox ATH..

A good day all round. Gentlemen.

[Biro Bob]

What was gox ath? I thought it was $1260?

[HI-TEC99]

WE are sitting above the price of Gold per Oz and marginally over the Mt.Gox ATH..

A good day all round. Gentlemen.

$1244 on bitstamp!

That's the old Gox ATH of $1242 broken, and stamp beat bitfinex to it. I expected bitfinex to get there first.

[AZwarel]

1244 USD Bitstamp. Bye bye stupid Gox! Hello gold parity  

[JimboToronto]

A fine early good morning Bitcoinland.

Seems we've already accomplished several things on our to-do list.

ATH, check.

Gox finally laid to rest, check.

Gold ounce parity, check.

$20B market cap, check.

All is well in Bitcoinland... currently $1224USD at Bitcoinaverage.

Let's not stop here. Go Bitcoin go.

[Punisher1314]

It is happening, finally. £ milestone broken, Gold parity broken, and Gox ath almost broken too. Any more hidden psycollogicall barrier? Not? Then time to LAUNCH THE ROCKET  

[Torque]

<snip>

b..but....media evil?

this "the media has an agenda" stuff is kinda funny anyhow. so much positive articles about bitcoin like in the last 3 months have never been before. no matter where you look everywhere folks get explained how bitcoin stuff works and why it has value and so on and on. but lets just ignore that and cry "media evil!"

So show me all these so-called 'positive' Bitcoin articles on Mainstream media sites like Bloomberg and Business Insider (and NOT on dedicated sites like news.bitcoin.com, Coindesk, CoinTelegraph, and CryptoCoinsNews).

Go on, I'll wait.

Here's another Bitcoin hit piece for ya while I'm waiting:
https://www.bloomberg.com/news/articles/2017-02-28/bitcoin-s-top-rival-is-up-90-and-readying-its-next-big-move

[Lauda]

$1245 is the new official ATH on Bitstamp. Let us go through the list:

• £1000: Check.
• Gox ATH broken: Check.
• oz Gold price 'broken': Check.
• Moon: Soon™

What is the next target

[HI-TEC99]

And bearfinex has now joined bitstamp in breaking the old Gox ATH, but it's still not caught up with bitstamp's $1244 $1245 ATH.

[Lauda]

And bearfinex has now joined bitstamp in breaking the old Gox ATH, but it's still not caught up with bitstamp's $1244 $1245 ATH.
-snip-

Look at this insane buy wall, I haven't seen something similar in a while on Stamp.