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

[infofront]

Lightning[booty] is growing fast

FTFY.

[Last of the V8s]

https://www.finanzen.net/nachricht/aktien/nexo-adds-binance-coin-as-collateral-for-instant-crypto-backed-loans-6382468
https://www.businessinsider.de/binance-backs-first-decentralized-bank-founders-malta-2018-7?
https://blog.neufund.org/eto-announcement-founders-bank-99e7cb08b9fd?
https://neufund.org/investing
#dyor #dydd #ymmv #byob

[RejectedBanana]

I don't know nothing about nothing but the reasons the SEC gave for turning the down the Winkevii are still there, still unaddressed and always will be as far as I can tell.

http://www.etf.com/sections/features-and-news/sec-rejects-winklevoss-bitcoin-etf

"The rejection hinged on the commission’s belief that the proposed fund and its listing on an exchange required more safeguards and more regulatory oversight. Bitcoin is traded on unregulated markets, which prevents the SEC from entering into “surveillance sharing” agreements that, among other things, help stomp out market manipulation, said Spencer Bogart, managing director and head of research at Blockchain Capital.

The implication here, he says, is that because the disapproval centered on the bitcoin market structure itself—and not on any specific detail of the ETF design—prospects for other bitcoin ETFs to come to market just grew dimmer."

It's a bit chicken and egg, no? Is the SEC is waiting for Bitcoin markets to miraculously come under global regulation, while regulated market players patiently wait for the SEC to approve something they can offer on their exchanges?

I think targeting accredited investors first and offering custody and insurance solutions as Cboe is attempting is as good a way as any to start this ball rolling. It's retail investors I imagine the SEC is most concerned with, people mortgaging their grandma's house, etc. Who cares if accredited investors lose a few million? Pure speculation vs lifetime savings. Start there.

The SEC's job is to protect US investors. They can't be the global police but they can try and make the US a safer place to invest first rather than last. As regulated markets continue to spring up in the US and other countries, volumes will shift away from unregulated markets and the manipulators will have fewer places to turn.

The SEC can't protect US investors if they don't approve regulated products in the first place, though. People will still invest, regulated or not.

So which will be first, the chicken or the egg?

[Anon136]

And there we go; breaking yesterday's mempool high.

Did my comment the other day start all this mempool talk I have been seeing lately? I don't remember anyone replying to it so I thought it had no impact but I also don't remember people talking about the mempool so much before it so maybe it had more impact than I thought.


Holy wow. When they ban someone for life they REALLY ban them. Every thing he ever posted and even posts that were a reply to him; vanished.

[gentlemand]

So which will be first, the chicken or the egg?

the SEC is waiting for Bitcoin markets to miraculously come under global regulation

That one. Why should they make their life harder than it needs to be? Why bother taking a needless risk? It'll still be here in 5-10 years most likely. The only hurry is in our sweaty little minds.

[infofront]

And there we go; breaking yesterday's mempool high.

Did my comment the other day start all this mempool talk I have been seeing lately? I don't remember anyone replying to it so I thought it had no impact but I also don't remember people talking about the mempool so much before it so maybe it had more impact than I thought.


Holy wow. When they ban someone for life they REALLY ban them. Every thing he ever posted and even posts that were a reply to him; vanished.

Yeah, that's at least the 4th time he's been banned.
Even if you don't care for him or his ideas, it's hard to argue that he's not a net benefit to this forum.

[Last of the V8s]

So which will be first, the chicken or the egg?

the SEC is waiting for Bitcoin markets to miraculously come under global regulation

That one. Why should they make their life harder than it needs to be? Why bother taking a needless risk? It'll still be here in 5-10 years most likely. The only hurry is in our sweaty little minds.

Surely they want in on the pie themselves, though? Or are they the only honest bureaucrats on the planet?
Rules are made for bending and often blatant breaking.

[RejectedBanana]

So which will be first, the chicken or the egg?

the SEC is waiting for Bitcoin markets to miraculously come under global regulation

That one. Why should they make their life harder than it needs to be? Why bother taking a needless risk? It'll still be here in 5-10 years most likely. The only hurry is in our sweaty little minds.

Agreed this is the most likely reality. Frustrating that the SEC will likely do little to nothing to actually protect and legitimize Bitcoin investors, choosing instead to just cover their own sweaty little asses.

[vroom]

And there we go; breaking yesterday's mempool high.

Did my comment the other day start all this mempool talk I have been seeing lately? I don't remember anyone replying to it so I thought it had no impact but I also don't remember people talking about the mempool so much before it so maybe it had more impact than I thought.


Holy wow. When they ban someone for life they REALLY ban them. Every thing he ever posted and even posts that were a reply to him; vanished.

Yeah, that's at least the 4th time he's been banned.
Even if you don't care for him or his ideas, it's hard to argue that he's not a net benefit to this forum.

to be honest I hope we don't make the mistake to overhear and underestimate warning comments. We should avoid living in an echo-chamber, accept critical opinions and reavaluate our knowledge from time to time.

[bones261]

And there we go; breaking yesterday's mempool high.

Did my comment the other day start all this mempool talk I have been seeing lately? I don't remember anyone replying to it so I thought it had no impact but I also don't remember people talking about the mempool so much before it so maybe it had more impact than I thought.


Holy wow. When they ban someone for life they REALLY ban them. Every thing he ever posted and even posts that were a reply to him; vanished.

Yeah, that's at least the 4th time he's been banned.
Even if you don't care for him or his ideas, it's hard to argue that he's not a net benefit to this forum.

Yes, although his posts are long and give the "feeling" of being conspiracy theories, they are really well thought out. They also encouraged me to do more research on how Bitcoin actually works. Also, just because a theory being proposed appears to be outlandish, doesn't mean it is invalid. Who would have thought that you could take down two skyscrapers with a bunch of box cutters?

[gentlemand]

Surely they want in on the pie themselves, though? Or are they the only honest bureaucrats on the planet?
Rules are made for bending and often blatant breaking.

I would've thought the first rule of bureaucracy was - cover your arse.

Second rule - choose the path of least resistance.

But I guess an SEC person will be a slightly more exotic breed.

[Anon136]

Did my comment the other day start all this mempool talk I have been seeing lately? I don't remember anyone replying to it so I thought it had no impact but I also don't remember people talking about the mempool so much before it so maybe it had more impact than I thought.

So far, it would appear increasing mempool size is a bullish indicator.

At least IMO, FWIW.

The way I see it is that it just tells whether people are moving their coins to an exchange. So what it really tells you is that the price is about to move. Look at other factors to figure out, if you assume that the price is about to move, which direction would it move.

Although maybe a lot of people move their coins to an exchange just in case but don't really intend to buy or sell unless things start to get really crazy. They move them on, wait to see if it's going to be a worst or best case scenario, as soon as they see that it is neither, they move them back off.

[vroom]

Did my comment the other day start all this mempool talk I have been seeing lately? I don't remember anyone replying to it so I thought it had no impact but I also don't remember people talking about the mempool so much before it so maybe it had more impact than I thought.

So far, it would appear increasing mempool size is a bullish indicator.

At least IMO, FWIW.

The way I see it is that it just tells whether people are moving their coins to an exchange. So what it really tells you is that the price is about to move. Look at other factors to figure out, if you assume that the price is about to move, which direction would it move.

could also mean people bought bitcoin on exchanges and are moving them to private wallets now. or increased adaption. or just spam, who knows.

[Anon136]

Did my comment the other day start all this mempool talk I have been seeing lately? I don't remember anyone replying to it so I thought it had no impact but I also don't remember people talking about the mempool so much before it so maybe it had more impact than I thought.

So far, it would appear increasing mempool size is a bullish indicator.

At least IMO, FWIW.

The way I see it is that it just tells whether people are moving their coins to an exchange. So what it really tells you is that the price is about to move. Look at other factors to figure out, if you assume that the price is about to move, which direction would it move.

could also mean people bought bitcoin on exchanges and are moving them to private wallets now. or increased adaption. or just spam, who knows.

No I don't think so. Spam maybe but the only good reason I can think of for a random burst of spam is to spoof people who are watching the mempool as an indicator. Possible, interested in what others think about the possibility of this. But if we remove spam from that list I don't think the other things can explain a random rapid surge in the mempool size very well.

Adoption is a gradual thing, I mean even if Trump him self came out tomorrow and said "I'm ordering the us treasury to buy bitcorns hand over fist!" All the investors who came running to sign up for exchanges wouldn't all be getting on at the same time. And they wouldn't all be trying to withdraw at the same time. Many would leave funds on the exchange for a while, some forever. Their withdraws would be staggered, it wouldn't show a big spike in the mempool size.

A sudden spike, I still think, is an indicator of panic. It could be FOMO panic or panic from crashing prices but it has to be some sort of panic. (or maybe spam if that is actually happening)

Who would have thought that you could take down two skyscrapers with a bunch of box cutters?

Not me. I am of the opinion that the governments official conspiracy theory is one of the least plausible of the many conspiracy theories I have encountered regarding that event.

https://www.youtube.com/watch?v=yuC_4mGTs98 Their story is actually rather comical when you lay it all out.

[Last of the V8s]

Surely they want in on the pie themselves, though? Or are they the only honest bureaucrats on the planet?
Rules are made for bending and often blatant breaking.

I would've thought the first rule of bureaucracy was - cover your arse.

Second rule - choose the path of least resistance.

But I guess an SEC person will be a slightly more exotic breed.

No actually that does ring very true. They can get in on the action on the sidelines, and then after a bit of ahem delay like you also said, deny it.

[vroom]

Did my comment the other day start all this mempool talk I have been seeing lately? I don't remember anyone replying to it so I thought it had no impact but I also don't remember people talking about the mempool so much before it so maybe it had more impact than I thought.

So far, it would appear increasing mempool size is a bullish indicator.

At least IMO, FWIW.

The way I see it is that it just tells whether people are moving their coins to an exchange. So what it really tells you is that the price is about to move. Look at other factors to figure out, if you assume that the price is about to move, which direction would it move.

could also mean people bought bitcoin on exchanges and are moving them to private wallets now. or increased adaption. or just spam, who knows.

No I don't think so. Spam maybe but the only good reason I can think of for a random burst of spam is to spoof people who are watching the mempool as an indicator. Possible, interested in what others think about the possibility of this. But if we remove spam from that list I don't think the other things can explain a random rapid surge in the mempool size very well.

Adoption is a gradual thing, I mean even if Trump him self came out tomorrow and said "I'm ordering the us treasury to buy bitcorns hand over fist!" All the investors who came running to sign up for exchanges wouldn't all be getting on at the same time. And they wouldn't all be trying to withdraw at the same time. Many would leave funds on the exchange for a while, some forever. Their withdraws would be staggered, it wouldn't show a big spike in the mempool size.

A sudden spike, I still think, is an indicator of panic. It could be FOMO panic or panic from crashing prices but it has to be some sort of panic. (or maybe spam if that is actually happening)

Who would have thought that you could take down two skyscrapers with a bunch of box cutters?

Not me. I am of the opinion that the governments official conspiracy theory is one of the least plausible of the many conspiracy theories I have encountered regarding that event.

https://www.youtube.com/watch?v=yuC_4mGTs98 Their story is actually rather comical when you lay it all out.

you are right, (FOMO) panic is also very likely. but there are no actual news which could cause such panic, we are sideways for weeks now.

I'm also interested in other possibilities for such an increase.

[bones261]

Who would have thought that you could take down two skyscrapers with a bunch of box cutters?

Not me. I am of the opinion that the governments official conspiracy theory is one of the least plausible of the many conspiracy theories I have encountered regarding that event.

https://www.youtube.com/watch?v=yuC_4mGTs98 Their story is actually rather comical when you lay it all out.

Just because a theory put forward is the "least plausible" doesn't necessarily make it untrue. In any event, even if you look at the other theories explaining what happened on 9/11, they all seem pretty incredible to me, so my analogy still stands.

[realr0ach]

Who would have thought that you could take down two skyscrapers with a bunch of box cutters?

Not me. I am of the opinion that the governments official conspiracy theory is one of the least plausible of the many conspiracy theories I have encountered regarding that event.

https://www.youtube.com/watch?v=yuC_4mGTs98 Their story is actually rather comical when you lay it all out.

Let me think.  Who could there possibly be that exists who benefits overwhelmingly from 9/11....

[Last of the V8s]

https://www.bbc.com/news/world-us-canada-44825345
http://www.wfmz.com/news/live-rosenstein-makes-law-enforcement-announcement/767609021
cryptocurrency shoutout
all in!

[realr0ach]

https://www.bbc.com/news/world-us-canada-44825345
http://www.wfmz.com/news/live-rosenstein-makes-law-enforcement-announcement/767609021
cryptocurrency shoutout
all in!

(((rosenstein)))

Another day of failed attempts by Jews to try and get their enemies - white Americans and White Russians - to fight and kill one another.  Better not make that propaganda too obvious Schlomo, because the white Americans and white Russians team up then come looking for you.