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

[gentlemand]

Current price surge for Bitcoin is mainly based on ETF hype.

Alts are not included in a Bitcoin ETF.

But likely if it's a rules change that allows Bitcoin to get ETF approval, other alts will try to get ETF approval.

The SEC then becomes the gatekeeper of which alts rise with Bitcoin.

Which is why we won’t get a Bitcoin ETF.  SEC doesn’t want the headache of a Bcash lol ETF or a Ripple ETF.

Yeah. I'll bet the SEC rue the day any crypto darkened their doorway.

They're now snowed under with memes, 'YU no listings Rapecoin FUK U' emails and no doubt plenty of sneering from their old school buddies.

If I was running it I'd have a 'crypto ETF application' link on the site pointing to a page with nothing but this on it.

[LFC_Bitcoin]

A small dump ,enough to see tera coming back ??

Most likely with predictions of $3,000 bitcoin’s or something like that.

We could have gone that low. We could still go that low. Don't count your chickens until they've hatched, I say. $6,000 seemed nonsense at $19,000. How soon we forget.  

I’m hoping we’re out of the woods now but any ETF rejection (which is likely imo) will likely stop any upwards movement. Then again we said that last time yet it was rejected but we still headed to $19,xxx

[El duderino_]

how many % would be in favor for an ETF approval ?

most in here saying its gonna be refused for at least a year or so.....

[Rosewater Foundation]

Eeeteee-eff. It's like a magical incantation at this point.

[El duderino_]

yesterday seen the new ant-man.... there been said not crypto and other things but quantum tech is the big future
just like crypto keep coming up in movies and shit  

[ivomm]

Current price surge for Bitcoin is mainly based on ETF hype.

Alts are not included in a Bitcoin ETF.

But likely if it's a rules change that allows Bitcoin to get ETF approval, other alts will try to get ETF approval.

The SEC then becomes the gatekeeper of which alts rise with Bitcoin.

Which is why we won’t get a Bitcoin ETF.  SEC doesn’t want the headache of a Bcash lol ETF or a Ripple ETF.

Now I am sure we will get ETF. If everyone in this forum was sure then I would have my doubts. Usually it happens exactly the opposite to the predominant opinion here  

[LFC_Bitcoin]

how many % would be in favor for an ETF approval ?

most in here saying its gonna be refused for at least a year or so.....

I’d love it to be approved because it means more money will pour into bitcoin which means a higher price for bitcoin.

What I want & what I think is different though.....I think all bitcoin ETF attempts will be denied for a while yet.

[El duderino_]

how many % would be in favor for an ETF approval ?

most in here saying its gonna be refused for at least a year or so.....

I’d love it to be approved because it means more money will pour into bitcoin which means a higher price for bitcoin.

What I want & what I think is different though.....I think all bitcoin ETF attempts will be denied for a while yet.

what would be the biggest factor for approval in your opinion ?  and yes everything thats a moneyflow into crypto is good 
but everything on its time we are patient 

[Last of the V8s]

how many % would be in favor for an ETF approval ?

most in here saying its gonna be refused for at least a year or so.....

I’d love it to be approved because it means more money will pour into bitcoin which means a higher price for bitcoin.

What I want & what I think is different though.....I think all bitcoin ETF attempts will be denied for a while yet.

what would be the biggest factor for approval in your opinion ?  and yes everything thats a moneyflow into crypto is good 
but everything on its time we are patient 

They need a set of nominally compliant exchanges - no wash trading or spoofing allowed lol

[Wekkel]

"Banks have lost the race":
https://medium.com/2gether/why-we-are-going-to-change-the-world-well-at-least-we-will-try-384a4c5930f

[Last of the V8s]

[LFC_Bitcoin]

https://i.imgur.com/klwIazM.jpg

This is really, REALLY cringeworthy.

You don’t think Rick would enjoy you serenading him with it playing a guitar wearing nothing but a cowboy hat & boots then?

[vapourminer]

So: topic swerve.

All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting:

https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/

Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?

interesting article. thanks.

so i may have the option of taking tax money that otherwise would be paid to the government and more or less wasted and instead pick my own areas and technologies to invest it in instead. and it helps the little guys. im in. although it sounds too good to be true to be honest. and its new and untested. never had a problem with new and untested things before, as long as i can figure risk/reward ratios fairly well.

Well, not quite. At least I don't think so. Bear in mind I just learned about it yesterday. But rather than being able to redirect your tax money, it is actually the money that you invest through this program is not taxed (for ten years, profits to be tax free, etc...).

But overall looks like a very attractive program. Help bootstrap a needy community of your choice, and get a very favorable tax treatment.

replied in other thread for this:
https://bitcointalk.org/index.php?topic=4740118.msg42845512#msg42845512

[Last of the V8s]

https://i.imgur.com/klwIazM.jpg

This is really, REALLY cringeworthy.

@flibbr

[Ibian]

Current price surge for Bitcoin is mainly based on ETF hype.

Alts are not included in a Bitcoin ETF.

But likely if it's a rules change that allows Bitcoin to get ETF approval, other alts will try to get ETF approval.

The SEC then becomes the gatekeeper of which alts rise with Bitcoin.

Which is why we won’t get a Bitcoin ETF.  SEC doesn’t want the headache of a Bcash lol ETF or a Ripple ETF.

They could just decide to only allow bitcoin and nothing else? Gold standard or whatever rationalization they wanna come up with.

[ivomm]

https://www.forbes.com/sites/investor/2018/07/24/trade-war-will-launch-bitcoin-as-the-new-gold/#42e70c711c32
r0ach lol

[usgcorpa]

I left checking prices for last few days and it is above $8000 now. What is the reason ?

[Last of the V8s]

I left checking prices for last few days and it is above $8000 now. What is the reason ?

[Hueristic]

a shady exchange

Is it? Is this WEX above board? I'm not hip to all the goings-on. I know the vampire squid owns Poloniex now. Did WEX get got by fatcats? Or what exactly.

Well last July 2017, they got seized by the US Govt (they were operating as BTC-e), some of their bank accounts were seized and the websites, but I believe that they were able to keep a large majority of the crypto, based on their own self reporting.  About a month and a half later, they reopened as WEX and did a Bitfinex style socializing of the loss (about 40%-ish), and they issued tokens that they said would be reimbursed.

In the ensuing year, they have not been able to regenerate their previous trade volume and it appears that a lot of folks are trying to withdraw their funds, which seems to snowball, including WEX restricting withdrawals which continues to exacerbate the lack of confidence problem and the run on the exchange.  So accordingly confidence has been lost about whether WEX has enough money to cover all deposits, and surely they have been a whole hell-of-a lot less profitable after reopening because they have not been able to return to their former self (trade volume wise).   There is likely some other continued legal wrangling behind the scenes too because they USA Govt does not give up in terms of attempting to prosecute folks that they can find associated with the exchange, and that could be continuing to affect their operations and their expenses.. and may even motivate them to do an exit scam if they cannot pay everyone or to cover their expenses. 

I believe it was proven the Mt.Gox coins were washed there as well as other ransomeware coins, but DYOR.

[V1lpu]

Visualizing Lightning Network: 119x growth from 61 to 7246 channels in 6 months



Bigger image: https://i.imgur.com/85VnbXO.jpg