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

[gentlemand]

It's 2-3 million.

Eh? I think the Chinese disease of fake volumes has infected this figure as well.

It will be a substantial amount of coins, probably in the low hundreds of thousands, but nowhere near that amount.

China will also now be the world's safest place to trade because the exchanges won't be able to get away with one single thing. There'll be fees as well which means the endless dump fests won't be viable. Its behaviour is going to be very different from now on.

[JimboToronto]

Lucky idiot is how I imagine the majority of people who have gotten rich off of Bitcoin. Maybe I'm just jealous, but I think there's a bit of truth to it.

What about the people who carefully researched Bitcoin when it was worth pennies or single or double digits of dollars, who saw its potential as a disruptive technology, invested their hard earned money in mining equipment, mined and bought Bitcoin and then steadfastly held on to their coins?

Do you think they're "lucky idiots"?

I think the lucky ones are those who bought coins because others had already made money on them and then made money despite gambling with them through trading.

[Spaceman_Spiff]

Lucky idiot is how I imagine the majority of people who have gotten rich off of Bitcoin. Maybe I'm just jealous, but I think there's a bit of truth to it.

What about the people who carefully researched Bitcoin when it was worth pennies or single or double digits of dollars, who saw its potential as a disruptive technology, invested their hard earned money in mining equipment, mined and bought Bitcoin and then steadfastly held on to their coins?

Do you think they're "lucky idiots"?

I think the lucky ones are those who bought coins because others had already made money on them and then made money despite gambling with them through trading.

I think there is a spectrum between people who thought long and hard about every possible angle of bitcoin and those that were convinced by a catchy phrase.  The latter could just as easily have fallen for a pennystock pump and dump, the former is a sophisticated and perhaps even visionary investor.  I guess most of us are somewhere in between. 

[JimboToronto]

Except for long-play markets such as real estate, 4 years may as well be 4 decades

Perhaps you should listen to a professional holder:

[metacoin]

Luck is an interesting concept.

Survivorship bias could account for the lot of "lucky idiots" who are almost certainly a very small minority of users. I would wager there are probably just as many cases of people who were close to obtaining this title yet due to a single decision lost significant amounts. For example, anyone trading 6 years ago who bought in at a peak and decided to sell everything on the dip to cut their losses, or the people who lost everything in one of the many defunct exchanges. You don't really hear about them because they don't exactly advertise the fact that they made a bad decision.

There is always a balance.

[grandpa86]

Are you still working on Monarchs. Mine seems to be ill.

[2017Bubble]

Everyone expecting a dump due ETF, would be funny if they denied it and pump it to

[Lauda]

Everyone expecting a dump due ETF, would be funny if they denied it and pump it to

Speaking of the ETF, does anyone know where I should be looking for the news?

[droizs]

Everyone expecting a dump due ETF, would be funny if they denied it and pump it to

Speaking of the ETF, does anyone know where I should be looking for the news?

Here: https://www.sec.gov/news/pressreleases

[spooderman]

so they have decided not to decide today?

have they decided when they will decide?

[Coinnosaurus]

Everyone expecting a dump due ETF, would be funny if they denied it and pump it to

[Qartada]

At the 1st ETF btc fall 1350 to 850, 450$ lower.

So could we expect 1300$ this time ?

The price didn't drop that far for any reasonable amount of the time.  Very soon after it was hanging around $1100 again - I think people just attached far too much importance to a barely relevant event, especially considering there was nearly no chance of it being approved anyway.

This time the chance of it being approved is as close to zero as it could possibly be and even traders, as stupid as some of them are, will notice this.  It won't have much of an effect on the price at all.

[European Central Bank]

do some reading folks.

https://www.scribd.com/document/346334662/34-80511#fullscreen&from_embed

all that happens today is the end of the comment period.

[spooderman]

do some reading folks.

https://www.scribd.com/document/346334662/34-80511#fullscreen&from_embed

all that happens today is the end of the comment period.

>tells me to do some reading
>tells me what i asked anyway so i don't have to read
>mfw

[Karpeles]

do some reading folks.

https://www.scribd.com/document/346334662/34-80511#fullscreen&from_embed

all that happens today is the end of the comment period.

Then what is the deadline for a decision?

Will there be an statement or something today?

[Lauda]

Here: https://www.sec.gov/news/pressreleases

Thanks. I expected some other source though.

do some reading folks.

https://www.scribd.com/document/346334662/34-80511#fullscreen&from_embed

all that happens today is the end of the comment period.

I genuinely thought that this was not the case. Thanks for sharing.

Then what is the deadline for a decision?

If what I've read is true, there is no deadline on a decision for an appeal.

[york780]

BU renamed to emergent consensus at coin.dance/blocks . Bullish?

[Torque]

Hey JJG, looks like the whales are having trouble again dialing it in to $1699.9999  

[JayJuanGee]

Hey JJG, looks like the whales are having trouble again dialing it in to $1699.9999  

Oh my!!!!!  Oh my!!!!!   


The troubling part seems to be that you believe some of this.   


All in good fun - looks like the HODLrs and the buyers are in luck.. and we got ourselves a violent $30-$40 upwards breakout..
 

Once we get to $1820 or so, then maybe we are going to be on our way to testing $2k? 

What you think baby bulls, regular bulls and old bulls?  (not too many bears left.. hahahahahaha)

[BlindMayorBitcorn]

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