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

[Hueristic]

Good Vid on current situation.

https://www.youtube.com/watch?v=mH87sZxg-98

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

that was nice to see.

Can someone with knowledge of the ETF markets comment on this? It reads to me like the market manipulation safeguards are not in place for an ETF to be passed YET but are being implemented now (Coinbase/Goldman-Sachs) and that the futures (CME/Cboe) are not adequate for acceptance.

https://www.sec.gov/comments/sr-nysearca-2018-02/nysearca201802-3676326-162451.pdf

Sorry trying to quote out of a pdf is a pain and I'm not going to reformat by hand (if anyone has a tool that will do this please link).

b.
The
Commodity  Futures  Trading  Commission  (
CFTC
)  asserted  authority  over  virtual 
currencies like
Bitcoin as commodities under the Commodit
y Exchange Act in 2014. It
worked  with  futures  exchanges  regarding  the  launch  of  Bitcoin  futures  referencing 
Bitcoin  spot  markets,  and  following  the  launch  of  the  futures  contracts  the  CFTC 
published documents stating “the CFTC not only has clear legal aut
hority, but now also
will   have   the   means   to   police   certain   underlying   spot   markets   for   fraud   and   
manipulation”  through  “heightened  review”  collaboration  with  exchanges
,  including
exchanges  “providing  the  CFTC  surveillance
  team  with  trade  settlement  data  upon 
request”  and  exchanges  entering  “information
-sharing  agreements  with  spot  market 
platforms to allow access to trade and trader data” and monitoring the spot markets data
for “anomalies and disproportionate moves” relati
ve to the futures markets.
12
 In another
announcement,  the  CFTC  stated  its  expectation  that  “the  futures  exchanges,  through 
information sharing agreements, will be monitoring the trading activity on the relevant
cash  platforms  for  potential  impacts  on  the  fu
tures  contracts’  price  discovery  process, 
including potential market manipulation and market dislocations.”
13
c.
In  addition,  Gemini,
the  digital  currency  exchange  whose  Bitcoin  auction  is  used  to 
determine the settlement price of the Bitcoin XBT futures contracts that trade on Cboe’s
CFE  Exchange,  announced  on  April  25,  2018  that  it  would  use  Nasdaq’s  SMARTS 
Market  Surveillance  system  to  “monitor  [its]  marketplace”
  and  “become  a
marketleader  in  custom  surveillance  rule  creation  and  alerting  for  the  crypto
-asset  market”  in 
order to build “a rules
-based marketplace.”
14
d.
Some  sort  of  m
arket  surveillance  is  generally  a  prerequisite  to
  identifying  potential 
market manipulation
, as well as creating incentives to discourage market manipulation
.
The  emergence  of  institutionalized  market  surveillance  on  both  futures
and
spot
markets
  in
Bitcoin
  products
  is  thus  a  positive
  sign  for  the  long
-term  future  of 
Bitcoin
markets
.
e.
As  a  result  of  reinvigorated  harmonization  efforts,  t
he  SEC
,   in  coordination  with
  the
CFTC,
self
-regulatory  organizations  (SROs),  Bitcoin  futures  excha
nges,  and  Bitcoin 
spot   market   platforms
,   can   gather   the   market
   surveillance
data   to   support
   an
independent  analysis  of  trade  and  settlement  patterns
.   This  analysis  could  be  used
to
determine  the  extent,  if  any,  to  which  potentially  manipulative  trading  practices  occur 
on  Bitcoin  spot  and  futures  markets,  and  compare  that  analysi
s  to  an  analysis  of 
longstanding markets under the SEC or CFTC’s jurisdiction. 

[JimboToronto]

Good morning Bitcoinland..

It looks like the rally has slowed down a little... currently $8122USD/$10633CAD (Bitcoinaverage).



Oh boo hoo.

[sirazimuth]

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

blah blah blah schelling point blah blah blah centralized craptocurrency  blah blah blah
the evil jews blah blah blah silver...  <daily stormer link to some nonsense>

there ya go... I saved the troll his trouble

[Robin,Hood]

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



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

The only reason I don't mind bcash hanging around. Will not be using no matter what and if forced or else.....good bye and hello bcash.
This was forced upon with the aid of ltd otherwise it would never be came about and also bcash would not exist, all be happy days. From then on became very suspicious of the Lee character.

[LFC_Bitcoin]

Any day above $10k is a good day.
Are we there yet?

Soon.

I'm prepared to accept that.

Ok. Remember how I said "Soon" ?

Yeah, well, it's going to be a bit later than sooner

Sorry about that.

Sheeit.

Just a healthy correction, refuelling the rocket & some are taking profits.
We’ll see $9,000 by this time next week.

[infofront]

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

Good article. That was an explanation for the recent rally that I hadn't heard before.

[infofront]

Some of the SEC ETF comments are really cringeworthy.

From: Dr. Christopher Taylor

July 11, 2018

To whom it may concern,

I am requesting that BTC EFT be classified as securities by the SEC.
Thank you

https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm

[Rosewater Foundation]

Any day above $10k is a good day.
Are we there yet?

Soon.

I'm prepared to accept that.

Ok. Remember how I said "Soon" ?

Yeah, well, it's going to be a bit later than sooner

Sorry about that.

Sheeit.

I hope ginger Rick is taking it better than I am.

Whoa is me. And so on.

_{All puns and malaprops intended}

[Last of the V8s]

Some of the SEC ETF comments are really cringeworthy.

From: Dr. Christopher Taylor

July 11, 2018

To whom it may concern,

I am requesting that BTC EFT be classified as securities by the SEC.
Thank you

https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm

https://ftalphaville.ft.com/2018/05/02/1525253799000/Blockchain-insiders-tell-us-why-we-don-t-need-blockchain/

Also on the panel was Chris Taylor, chief operating officer at Everledger, a company that is trying to use the blockchain to track (and miraculously “protect”) diamonds and other assets. Here's an excerpt from his contribution:
It's the same as any system - it's garbage in, garbage out. So you've got to make sure that the participants that you're allowing to contribute to the network are trustworthy.

[Rosewater Foundation]

According to his Linkedin he obtained a bachelor's degree from Leeds. Where'd the doctorate come from?

[LFC_Bitcoin]

Some of the SEC ETF comments are really cringeworthy.

From: Dr. Christopher Taylor

July 11, 2018

To whom it may concern,

I am requesting that BTC EFT be classified as securities by the SEC.
Thank you

https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm

Dat bitcoin EFT

[Elwar]

Some of the SEC ETF comments are really cringeworthy.

From: Dr. Christopher Taylor

July 11, 2018

To whom it may concern,

I am requesting that BTC EFT be classified as securities by the SEC.
Thank you

https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm

They stopped all comments on July 11.

Likely because they read mine that I submitted that day and they needed no further comments.

I said something like: Approve this ETF. Not to make Bitcoin more relevant, but to keep the SEC relevant.

I'm sure they read that and decided "approved".

[Last of the V8s]

According to his Linkedin he obtained a bachelor's degree from Leeds. Where'd the doctorate come from?

Not the same guy. Just that there are now 2 Chris Taylors on The List.

[Rosewater Foundation]

According to his Linkedin he obtained a bachelor's degree from Leeds. Where'd the doctorate come from?

Not the same guy. Just that there are now 2 Chris Taylors on The List.

2 Chris Taylors? What are the odds?

[Searing]

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

my only conclusion, after 5 years plus in BTC is that the current Bitcoin rise in price is due to: "Unicorn Fairy Farts" or UFF.


The UFF factor seems strong this month, IMHO.

brad

[Last of the V8s]

According to his Linkedin he obtained a bachelor's degree from Leeds. Where'd the doctorate come from?

Not the same guy. Just that there are now 2 Chris Taylors on The List.

2 Chris Taylors? What are the odds?

No idea, but not astronomical. Maybe I'm wrong. Or maybe it's the first collision in the moronosphere.

[infofront]

Some of the SEC ETF comments are really cringeworthy.

From: Dr. Christopher Taylor

July 11, 2018

To whom it may concern,

I am requesting that BTC EFT be classified as securities by the SEC.
Thank you

https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm

https://ftalphaville.ft.com/2018/05/02/1525253799000/Blockchain-insiders-tell-us-why-we-don-t-need-blockchain/

Also on the panel was Chris Taylor, chief operating officer at Everledger, a company that is trying to use the blockchain to track (and miraculously “protect”) diamonds and other assets. Here's an excerpt from his contribution:
It's the same as any system - it's garbage in, garbage out. So you've got to make sure that the participants that you're allowing to contribute to the network are trustworthy.

Haha good find. This guy seems like a complete fucking idiot.

Blockchain doesn't solve everything. It doesn't solve entirely problems that couldn't be solved in other ways. But we believe blockchain solves the problems that we're solving in a better way than traditional database technology can provide.

[Karartma1]

Frieza killed Vegeta.

But Super Saiyans can't be killed.

He'll come back, blonde and powerful

[horse_white]

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

Good article. That was an explanation for the recent rally that I hadn't heard before.

Yeah that's a relevant point. Gold isn't really the safe haven asset it used to be, and it's just been slipping further and further into the abyss. The only use for it nowadays is jewellery and wedding gifts.

Crypto is interesting because it was conceived as a tool for decentralized exchange, but now it's becoming a hedge. Traders are getting into it because of the huge movements that it has, and more and more people are looking at it as an investment tool or a place to hide away money that they don't want to be taxed. That's also why there;s all this buzz about the ETF conception as well I think.

[Rosewater Foundation]