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

[jojo69]

looks like a target of 9400

wow...I...uh...

lucky guess guys, I swear

[1713485663]

1713485663

[1713485663]

1713485663

[1713485663]

1713485663

[1713485663]

1713485663

[explorer]

looks like a target of 9400

wow...I...uh...

lucky guess guys, I swear

But did you profit?

[Ivor Biggun]

People are selling because the SEC is making noises? God when did HODLers become complete pansies?

No people are selling because we are posting the wrong kind of memes here. If we start posting rocket memes they will start buying.

[jojo69]

looks like a target of 9400

wow...I...uh...

lucky guess guys, I swear

But did you profit?

no, I got long at 10700

[Biodom]

How does the coinbase index fund actually work? For instance if you invest say $10k, does coinbase purchase and hold the various cryptos on their books to match the $10k investment?

yes, it seems this way (at about 62:27:7:4 for btc:eth:bch:ltc ratio)
check am.coinbase.com
the weak point is rebalancing only once a year and withdrawing only once a quarter.

[slowlyslowly]

How does the coinbase index fund actually work? For instance if you invest say $10k, does coinbase purchase and hold the various cryptos on their books to match the $10k investment?

yes, it seems this way (at about 62:27:7:4 for btc:eth:bch:ltc ratio)
check am.coinbase.com
the weak point is rebalancing only once a year and withdrawing only once a quarter.

where are the Winklevii up to with their fund? Still awaiting SEC approvals?

[HairyMaclairy]

How does the coinbase index fund actually work? For instance if you invest say $10k, does coinbase purchase and hold the various cryptos on their books to match the $10k investment?

yes, it seems this way (at about 62:27:7:4 for btc:eth:bch:ltc ratio)
check am.coinbase.com
the weak point is rebalancing only once a year and withdrawing only once a quarter.

That’s just silly when you can do it yourself.  Of course the real danger is BTC dominance goes to 80% and you keep shifting your portfolio balance into shitcoins. 

[Rosewater Foundation]

I have a stupid question about Japan. Don't they believe in auctions?

[Biodom]

How does the coinbase index fund actually work? For instance if you invest say $10k, does coinbase purchase and hold the various cryptos on their books to match the $10k investment?

yes, it seems this way (at about 62:27:7:4 for btc:eth:bch:ltc ratio)
check am.coinbase.com
the weak point is rebalancing only once a year and withdrawing only once a quarter.

That’s just silly when you can do it yourself.  Of course the real danger is BTC dominance goes to 80% and you keep shifting your portfolio balance into shitcoins.  

Yeah, but maybe makes some sense to a $$ rich institution of a home office which want to allocate some money into crypto.
Not the worst scenario. Could help to stabilize the gyrations a little bit, but will probably also decrease the range of the upside moves.

where are the Winklevii up to with their fund? Still awaiting SEC approvals?

They are appealing a negative decision.
It actually sucks for them as they initially submitted the application in 2013.
I was certain that they would get it approved in 2014 or 2015, hence did not invest any $ in GBTC (in IRA).
Oh, well.
Personally, I think that they were treated unfairly.

[olseh]

Well 2018 turned out to be a shitty year for bitcoin

We've just entered March... I think we have a little ways to go yet before we start calling doom and gloom

[JayJuanGee]

Well 2018 turned out to be a shitty year for bitcoin

Yeah such a shitty year, and so short, too.  I cannot believe how fast it has gone by.   As you get older, years seem to go by faster and faster.


Seems like it has been only a couple of months and 2018 is already over... Fuck!!!!!  


Edit: ah hah!!!!!!!!   I see that olseh beat my post by 7 seconds.

[drays]

For people to finally learn that price predictions are pure fine grade BS.

Or to not make investment decisions based on advice from random guys on a forum.

Take your pick  

Is McAfee a random guy?

If price predictions are BS, what is the purpose of this board?

This board is fun to read, a lot of different kind of information can be obtained here, plenty of very interesting topics, often not closely related to Bitcoin - analytics, retrospective views, news, opinions, old news which you never were aware about at the time, lots of other stuff.
At the very least, this thread is good to read to improve English skills, which suffer a lot while reading some other topics of this same forum  

Indeed I started to read this board to get price predictions, but then realized the predictions are the least interesting (and the least reliable too!!) part of discussions here . The rest is much more valuable.

Keep this up, guys!

P.S. And McAffee is indeed a random guy, btw. Doesn't seem trustworthy to me, honestly.

[gembitz]

For people to finally learn that price predictions are pure fine grade BS.

Or to not make investment decisions based on advice from random guys on a forum.

Take your pick  

Is McAfee a random guy?

If price predictions are BS, what is the purpose of this board?

This board is fun to read, a lot of different kind of information can be obtained here, plenty of very interesting topics, often not closely related to Bitcoin - analytics, retrospective views, news, opinions, old news which you never were aware about at the time, lots of other stuff.
At the very least, this thread is good to read to improve English skills, which suffer a lot while reading some other topics of this same forum  

Indeed I started to read this board to get price predictions, but then realized the predictions are the least interesting (and the least reliable too!!) part of discussions here . The rest is much more valuable.

Keep this up, guys!

P.S. And McAffee is indeed a random guy, btw. Doesn't seem trustworthy to me, honestly.

why i simply stuck around for the free beer! :-D weee

[slowlyslowly]

where are the Winklevii up to with their fund? Still awaiting SEC approvals?

They are appealing a negative decision.
It actually sucks for them as they initially submitted the application in 2013.
I was certain that they would get it approved in 2014 or 2015, hence did not invest any $ in GBTC (in IRA).
Oh, well.
Personally, I think that they were treated unfairly.
[/quote]

yes as i recall they were backing everything with their own bitcoins ie it was offering far more 'protection" for people investing in it than lots of other things introduced since. The authorities seemed to keep turning them done on the grounds that the bitcoin world was not as "settled" as fiat which was an impossible test to pass.

[infofront]

I have a stupid question about Japan. Don't they believe in auctions?

They're a very polite society. Auctions are too confrontational.

[jbreher]

How does the coinbase index fund actually work? For instance if you invest say $10k, does coinbase purchase and hold the various cryptos on their books to match the $10k investment?

https://www.google.com/search?q=coinbase+index+construction+methodology+asset+management+pdf

[jbreher]

That’s just silly when you can do it yourself. 

Will convey preferred taxation considerations to some.

[Paashaas]

I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.

Bullish AF!

[Rosewater Foundation]

Well 2018 turned out to be a shitty year for bitcoin

Yeah such a shitty year, and so short, too.  I cannot believe how fast it has gone by.   As you get older, years seem to go by faster and faster.


Seems like it has been only a couple of months and 2018 is already over... Fuck!!!!!   


Edit: ah hah!!!!!!!!   I see that olseh beat my post by 7 seconds.

[Mame]

Bounce Bounce