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

[lightfoot]

Bitcoin is really showing strength, We are at like 1170 before, now at 1090 only...

China and Japan are still sleeping tho

its ok stevenirving, we won't tell your wife LOL. Just kidding i'm sure this will go back eventually to 1300s

I was just driving home and she called me screaming.
Its too late 

Tough luck Steve. Give her half the bitcoins and the house and go get a new one

No, the bitcoins are worthless. Split the house, keep the coins.

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[AZwarel]

"Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulated. Therefore, as the Exchange has not entered into, and would currently be unable to enter into, the type of surveillance-sharing agreement that has been in place with respect to all previously approved commodity-trust ETPs—agreements that help address concerns about the potential for fraudulent or manipulative acts and practices in this market—the Commission does not find the proposed rule change to be consistent with the Exchange Act."

As I suspected, it's because of the wider Bitcoin market. China did their best but it wasn't enough. None of the other applications will get past this either.

It is funny on two grounds:
1. "potential for fraudulent or manipulative acts and practices in this market" because that never ever happens on the Wall Street...

2. A regulatory institute denies to regulate an new commodity market on the ground that this market is not regulated. LOL.
By that logic, there will never be a bitcoin ETF, since there is no "official" bitcoin issuer to regulate.

[rjclarke2000]

There will be new ATH by the end of this month! And after it will hit $5000 within next 3 months!

Wow. Quite a statement

[huanglui]

BTC  soon to  800K Satoshi.

lol good one

BTC BTC  BTC

[marcus_of_augustus]

I wonder how much all this has cost the Winklevii.

Maybe there is a lesson here. Why go asking for permission when you already have an asset which doesn't require it? This ETF never made sense to me from the start. The only argument I've ever seen for it is so people can put their 401k in "Bitcoin".

Spot on. Also why did the SEC wait until the last possible hour on the thrice extended delays of the deadlines after deadline to announce with great fanfare (and huge insider gaming trading it appears) to disapprove? And it seems they never gave the Winklevoss a chance to withdraw their application before the deadline either it appears ... hung those poor feckers out to dry. I'd be super pissed if I was them.

SEC proves to be just another tool for the Deep State to defend the monopoly money powers and entrenched vested interests. No surprises there.

[rjclarke2000]

I wonder how the winks are feeling.

[thegentlecat]

Coinbase straight up died from the crash

https://status.coinbase.com/

[promomei]

LOL blockchain.info/ still 1267.

[chopstick]

I think any denial of a Bitcoin ETF would be nearly 100% politically-motivated.  It would mean that they (Governments? World Powers?) simply don't want Bitcoin recognized as a legitimate long term financial instrument.  

Could this be more true now?

We're talking about a technology which could totally fuck FIAT currencies and all Central Banks in the ass, so I'm sure this could also be a factor.

US Gov does not want BTC recognized as a stable, dependable technology.

ETF would help it get that kind of legitimacy.

The problem is, Bitcoin doesn't need an ETF to become a globally decentralized peer 2 peer cash electronic payments system that can beat out the traditional financial industry.

We can achieve greatness without them. We already have.

[HI-TEC99]

look at that daily candle

its bonkers 1350 - 975

There was briefly a $50 spread on stamp when the dump was beginning to bounce!

[gentlemand]

It is funny on two grounds:
1. "potential for fraudulent or manipulative acts and practices in this market" because that never ever happens on the Wall Street...

But the people who do that are the ones they'll be having a nice dinner with tonight.

[Killerpotleaf]

I wonder how much all this has cost the Winklevii.

Maybe there is a lesson here. Why go asking for permission when you already have an asset which doesn't require it? This ETF never made sense to me from the start. The only argument I've ever seen for it is so people can put their 401k in "Bitcoin".

Spot on. Also why did the SEC wait until the last possible hour on the thrice extended delays to announce with great fanfare (and huge insider gaming trading it appears) to disapprove? And it seems they never gave the Winklevoss a chance to withdraw their application before the deadline either it appears ... hung those poor feckers out to dry. I'd be super pissed if I was them.

SEC proves to be just another tool for the Deep State to defend the monopoly money powers and entrenched vested interests. No surprises there.

they've kinda proved why bitcoin is nessary at this point

[swogerino]

LOL blockchain.info/ still 1267.

Sell before they realized what happened and before Chinese exchanges wake up.
Do it quick.
Abandon ship!
The Titanic crashed into the iceberg!

[eddie13]

This was a great risk/reward ratio...

I could have pumped a heck of a lot more than it has dumped..

That dump barely bothers me.. Down like $100 for the day, less than 10%, pshht..

BTC strong!!

[abercrombie]

is crypto done??  

[savetherainforest]

Damn this forum is still so bullish.

Not sure if that is bullish or bearish...

I just told all my relatives to buy bitcoin this week on this dip!

*Edit: And most of my close friends, told them to make loans at the banks and get bitcoin!   

[Gillette]

This will go lower this weekend guys. Gut feeling

Go and spread your bearish posts on africoin`s thread! We are permabulls here!!!

[Coinnosaurus]

Damn this forum is still so bullish.

Not sure if that is bullish or bearish...

whats the reason to be bearish?

[HI-TEC99]

I think any denial of a Bitcoin ETF would be nearly 100% politically-motivated.  It would mean that they (Governments? World Powers?) simply don't want Bitcoin recognized as a legitimate long term financial instrument.  

Could this be more true now?

We're talking about a technology which could totally fuck FIAT currencies and all Central Banks in the ass, so I'm sure this could also be a factor.

US Gov does not want BTC recognized as a stable, dependable technology.

ETF would help it get that kind of legitimacy.

The problem is, Bitcoin doesn't need an ETF to become a globally decentralized peer 2 peer cash electronic payments system that can beat out the traditional financial industry.

We can achieve greatness without them. We already have.

Agreed.

China stopped exchange withdrawals, so the Chinese started using localbitcoins and P2P methods of exchange. We don't need no stinking ETF selling paper Bitcoins, and if pushed we don't need no stinking exchanges either.

[HanvanBitcoin]

So.... what will be the bottom?