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

[Torque]

My my, look at all that compression.  It's like someone trying to push an inflated beachball deeper underwater.

[Biodom]

not to forget read here: http://www.coindesk.com/one-bitcoins-biggest-funds-selling-ahead-etf-decision/

Those guys actually get paid to lose bitcoins.  Sounds like a cushy job, how do I join their management?

to be fair, they only underperformed last mo if you look at the chart. They also have slightly lower volatility than btc proper.
however, a majority of "active" managers underperform the index, which is already known.
i think that the appeal of this fund is bitcoin volatility exposure (in fiat) without a need to secure bitcoin (on investors part).

[Dafar]

Yes, well apparently nobody read my entire post because I also said you need to invest "more" than you can afford to lose... details people, details

I always tell people to invest more than they can afford to lose when it comes to Bitcoin.

https://bitcointalk.org/index.php?topic=843822.0

So fuck it, here's my advice. Invest everything you can put together. The price is damn low and we're probably within 10-20% of the bottom (current price, $325). Drop your damn Roth...they'll find a way to tax it when you retire. Investing more than your company's matching into your 401k? Fuck that, dump it into Bitcoin. Any equity on your house? Refinance, put all of that money into bitcoins...the dollar will lose value in the next 30 years to the point where your $100-$300k mortgage will be pocket change.

Do you have a job? If tomorrow your Bitcoin investment went to $0 would you still be able to live? Then dump it all into bitcoins...now.

TL;DR: YOLO

That was at $325 though... even I knew to go yolo back then... what about now? That's the real question. I'm still a proponent of investing more than you are willing to lose when it comes to bitcoin

And where's your countdown bro? Isn't the ETF decision happening today

[Images21]

I think more of these dumpings started March 8 when PBOC allowed people to withdraw their bitcoins in exchanges. Hopefully ETF gets signed.

[toknormal]

Isn't the ETF decision happening today ?

http://www.zerohedge.com/news/2017-03-07/sec-said-decide-bitcoin-etf-friday

[york780]

13 MARCH

[stereotype]

https://blog.bitmex.com/notice-regarding-coin-prediction-futures/

[Killerpotleaf]

13 MARCH

a decision by the 10th seems likely.
13th is like the absolute latest.

[bitcoinvest]

My good friend is Pete McMillan and he works as a clerk for the SEC. He sent me a screenshot yesterday of his laptop. On it was the press release for next Wednesday on the Bitcoin Winklevii ETF... So the decision has already been made folks.

I thought this bit of information would silence the debate that has been raging the past few hours. Remember to only invest more than you can afford and never take the advice of anyone that is prepared to give it. Also, remember that no shoes were made for a cobbler's feet before they are first made for his children.

speculation like this makes me want to for sure sell.... how many of you have rolled the dice with bitcoin price and won?

Wait, what? Why would you sell when your good friend sent you a screenshot of the press release set for Wednesday?

Elwar ! maybe it's time to tell us this countdown what is all about? last 2 times i asked and not answer, maybe now you are in mood to share the secret?

You just need to read the words I quoted.

I did read and i did noticed the invest more but you know call me stupid but when we speak about money sometimes you need something more from secrets and after not happening you have the answer is was not real etc...
i see the price going down and count down finished without any news...

[Killerpotleaf]

Isn't the ETF decision happening today ?

http://www.zerohedge.com/news/2017-03-07/sec-said-decide-bitcoin-etf-friday

if they delay it further they are simply lining themselves up to yet again approve an ETF at the top.

things dont simply "cool down" given a little more time. THIS IS BITCOIN!!!

[BitcoinNewsMagazine]

Zerohedge is wrong there are no more delaying tactics by law the SEC can use, either deny COIN by close of business March 13 or let the rule change pass by default.

[Killerpotleaf]

My my, look at all that compression.  It's like someone trying to push an inflated beachball deeper underwater.

lol yup. plus the ball continues to inflate as they attempt to push it deeper.  

[Killerpotleaf]

Zerohedge is wrong there are no more delaying tactics by law the SEC can use, either deny COIN by close of business March 13 or let the rule change pass by default.

only a few days left... no news is good news today.

[HI-TEC99]

Isn't the ETF decision happening today ?

http://www.zerohedge.com/news/2017-03-07/sec-said-decide-bitcoin-etf-friday

EatonABooger revealed the reason they left the decision date until the weekend, so they could delay it until the 13th. I don't think they can find a way to delay it beyond that.

sorry if this has already been posted...   found on Reddit.   
>>>>>>>>>>>>>>>>>>
The March 11 date came about because it is 180 days from the publication of the proposed BATS rule change in the Federal Register - there can be no more 45 or 90 day delays - SEC must approve or reject, with no decision = acceptance (Rule 19, Sec Exch Act of 1934)...

 But look at how time periods for publications in the Federal Register are calculated pursuant to 1 CFR 18.17(b):

"Dates certain will be computed by counting the day after the publication day as one, and by counting each succeeding day, including Saturdays, Sundays, and holidays. However, where the final count would fall on a Saturday, Sunday, or holiday, the date certain will be the next succeeding Federal business day."

That would put us at Monday, March 13 for the deadline.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

[Biodom]

Isn't the ETF decision happening today ?

http://www.zerohedge.com/news/2017-03-07/sec-said-decide-bitcoin-etf-friday

Not disagreeing, but where SEC gets these type of rules?
I already listed several ETFs that literally rob the investors, but they were happily approved on time and on TOP.
Here are some: USO, SDS, RWM, UNG
SDS, LOL, 260 to 13 in six years (95% decline), most of which is slippage.
i did not invest in any of this stuff, thankfully.

Now, if there will EVER be a futures based bitcoin ETF, i would happily short it.

[toknormal]

[sofu]

If weekly closes as bearish engulfing I guess its time to shill bitcoin to our friends and families

[york780]

Trump will not support an bitcoin ETF. Because trump destroys his own 'strong border' policy with it. What if Mexico starts using btc on an large scale to make trump his wall useless. Borders cant stop btc. This is why trump has an btc advisor and he will most likely hate btc.

[toknormal]

Trump will not support an bitcoin ETF. Because trump destroys his own 'strong border' policy with it. What if Mexico starts using btc on an large scale to make trump his wall useless. Borders cant stop btc. This is why trump has an btc advisor and he will most likely hate btc.

That is the most ridiculous logic I've heard in a long time.

(In fact since someone told me Monero was good cos you "would'nt want to know you had Hitler's coins in your wallet" )

[york780]

And thats exactly why its true. Illuminaty and trump will stop it