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

[mymenace]

What happened with the SEC i thought it was all in motion to announce close to the 10th August

What the hell am I missing.

This is frustrating.   

Try to play the game it does not work. Any help.

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[HairyMaclairy]

Don’t believe the hype.  It was never going to happen.

Buying opportunity of a lifetime coming.  Patience. 

[Last of the V8s]

What happened with the SEC i thought it was all in motion to announce close to the 10th August

What the hell am I missing.

This is frustrating.   

Try to play the game it does not work. Any help.

This is a different etf than the one we were all talking about.

[Last of the V8s]

Don’t believe the hype.  It was never going to happen.

Buying opportunity of a lifetime coming.  Patience.  

[European Central Bank]

https://www.sec.gov/rules/other/2018/34-83723.pdf
full excuses here. have not read. moving some stops lol

https://www.reddit.com/r/BitcoinMarkets/comments/91z04r/daily_discussion_thursday_july_26_2018/e33dchi/

summary there. none of them are gonna pass.

[Ibian]

Bbut... but Anon, it's like when you want a car engine to 'scale' to higher horsepower and speed, the most straightforward way is to simply add more cylinders!  V32 engines for everyone so we can get places faster, amiright?  /s

Stupid analogy is stupid.

If you want a transportation analogy, a closer analog would be passenger demand for a certain train route exceeding capacity solved by adding more passenger cars to the train.

Still a stupid analogy, but an order of magnitude closer to the situation at hand.

Dude you are eating my merits! Put those pic'a'nic baskets down!

For the record, I maintain that segwit was a mistake. And that bcash is shit. And no, these are not contradictory, Torque. Feel less and think more.

[Raja_MBZ]

https://www.sec.gov/rules/other/2018/34-83723.pdf

[Rosewater Foundation]

https://www.sec.gov/rules/other/2018/34-83723.pdf
full excuses here. have not read. moving some stops lol

https://www.reddit.com/r/BitcoinMarkets/comments/91z04r/daily_discussion_thursday_july_26_2018/e33dchi/

summary there. none of them are gonna pass.

It's like abracadabra. You have to say eeeteee-eff and have magical powers. Otherwise it's just nonsense.

[El duderino_]

https://www.telegraaf.nl/video/2348937/bitcoin-met-waarde-van-100-000-euro-onvermijdelijk

100000$ btc or much more  unavoidable

@wekkel ..., your dutch? And let iT be unavoidable ... Thats total fine for me 

[Last of the V8s]

Spoofy defeated the SEC


Please place your altcoins in the receptacle provided.

[Last of the V8s]

Wait actually the last ETF denial lead to a huge run-up on the altcoins, so umm...

[El duderino_]

https://www.telegraaf.nl/video/2348937/bitcoin-met-waarde-van-100-000-euro-onvermijdelijk

100000$ btc or much more  unavoidable

Wow! In case you didn't notice, Wekkel have just sent you *50* Merits. That's bullish as fuck!

What do that news say?

P.S.: It looks like it is something like this:

'Bitcoin with value of 100,000 euros inevitable'
Yesterday, 4:30 PM in NEWS

The bitcoin will get a value of one tonne. That says Mike Hutting, owner of BTC Direct, in the weekly crypto update. Although there is also another, slightly less positive scenario possible for the Bitcoin.

- i was Just looking in This guess list and saw much more *merit* a number i thought there was a mistake
BUT no indeed wekkel sended *50* thx....So got Some Smerit ammo with it  

- Yes indeed they Where talking positive,  something like that,  and that the only less positive is what we already know .... goverment attack but they also say like almost impossible.....,and if When the tech would fail whats also not seems to be happening any day soon.....
(They also have a platform talking about how Many more new accounts etc much more new peoples wanna get involved etc ....)

[Searing]

https://www.sec.gov/rules/other/2018/34-83723.pdf
full excuses here. have not read. moving some stops lol

https://www.reddit.com/r/BitcoinMarkets/comments/91z04r/daily_discussion_thursday_july_26_2018/e33dchi/

summary there. none of them are gonna pass.

I agree. It would require a 'bureaucratic institution" to 'stamp' BTC as 'legit money', so to speak.

With the current dysfunction in D.C., how would they even make that determination without feedback from the Trump Administration?

So with NO clarity of intent of any kind, this will continue 'forever'. It is the safe bet to 'deny' it is a risk to the SEC's reputation to

confirm, even if the confirmation would only result in the current administration chastising them, why take the risk. Group Think at its best.

It seems a lot and I mean a lot more adoption and acceptance will have to happen first, I just don't see this happening this year

or next year. Sad to say.

[El duderino_]

Don’t believe the hype.  It was never going to happen.

Buying opportunity of a lifetime coming.  Patience. 

Let the lifetime oppertunity’s be over for a while  
Its So Nice entering This rising prices

[El duderino_]

https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
wtf etf?
https://twitter.com/CNBC/status/1022586017734426624

No ETF because...bitcoin is traded outside the US.

Unlike gold, oil, etc.?

https://www.sec.gov/rules/other/2018/34-83723.pdf
full excuses here. have not read. moving some stops lol

Have skimmed at 200 mph.  Permanent disallowance of Winklevoss trust trading.  Assume this is shooting down the Winkle ETF?


Edit:  now I read the tweet.  Today is obviously do things the hard way day.

Let’s see if $8k is hot air


Whee $140 down in the time it took me to write that sentence

And below 8K
Pfff Just When i was Going to sleep ..... the morning could be shocking ?? 

[Last of the V8s]

https://www.sec.gov/news/public-statement/peirce-dissent-34-83723
https://www.sec.gov/biography/commissioner-hester-m-peirce

also https://www.youtube.com/watch?v=1jnC_Nq7uUI&
CoinDaddy - I Just Hold

[STT]

I thought that was the whole deal with the futures based ETF that it could have a better chance then this winklevoss ETF which is old news by now.   I'm not sure just that decision is an impact on the market exactly.

Its out of the channel at the moment though and taking a negative view but still within a bullish move I think 7725 would be the target downside for it being significant news to produce some selling.   It should already be anticipated and not significant imo but its a measure of strength also

I don’t consider a one-off pilot transaction for a nominal amount as major.  Let’s see if we get some adoption.  

Maybe its major in potential and he is declaring the fact it even took place as the first footstep, hence major but yea it has to be a regular event and useful to those companies as a tool.  Then its Major    Any idea BTC could be within the range of traffic conducted by commerce daily is fairly big if it were to happen.   However its got a long way to go as the SEC says, still small on the world stage

The SEC noted that more than three-fourths of the volume in bitcoin occurs outside the United States, and that 95 percent of the volume occurred on non-U.S. exchanges.

The bid-ask spreads varied widely across exchanges, the SEC said. The volume in bitcoin futures markets are small: 20 percent the volume of platinum, and 2.5 percent that of silver.

[Rosewater Foundation]

Maybe you just look down on those who attempt to engage in self-improvement BTC trading practices? 

I think that's an astute observation. I don't have the gumption to trade. Full-stop.

And this is why I suck at this.

[JayJuanGee]

What is the net result of the mob style introduction of lightning.

1.) shifted the only alternative from litecoin to bitcoin cash
2.) created numerous forks all (most) share the same deflation aspect making bitcoin weaker in the process
3.) created disharmony, lawsuits, confusion and personal insults

I could not care less about Roger or Dr. whats his name. I care about the technical aspect and generally myself.
Isn't there some old saying, Better the Devil you know that the one not known.

Is the forced deviation for pure personal gains/interests by a bunch of individuals of which Lee was one of the main characters (and now wants unlimited bitcoin because of security issues) and had to venture several times to china to convince the miners (and probably forget a suitcase full of coins in the office) in the process or is there a deeper reason?

It is plain stupid to tell someone to buy some money. Bitcoin is an investment. Far better tools exist or can be used to pay for a coffee....
Money has no value it is just a tool. To add the bill of the coffee to my phone bill is just fine at the same time i would not top the phone up with life savings or some crazy amount.

Lighting is akin to ripple tech, no-one with sound mind sinks so low.

I don't claim to have a lot of technical skills, but I fail to understand the jist of your supposed concern about lightning...   From what I understand, lighting is in a testing phase that is getting a lot of increased usage, use of lightning is voluntary, lightning is largely pegged to bitcoin, so I have no idea how it could reasonably in any way be related to a centralized supply scam, such as ripple.

For the time. Will you give personal guarantee that it will remain so for ever. I can tell you it will not, why? Same reason as always enough money hungry whores exist.

I don't know what the fuck you are talking about.  None of us know how the future is going to evolve, and we can only project, yet the here and now is the main thing that matters.  If you want to contribute to the direction of lightning then build on it or contribute to some competing project... otherwise, if we are talking about BTC walls and BTC prices, then we currently we can choose the extent to invest into BTC or some other project.. so who gives a shit, in terms of current relevancy, if 50 years down the road, lightning might become so dominant that it is no longer voluntary.  You seem to be speculating about some kind of compelling force that has no bais in reality in order to spread FUD about some system (aka lightning) that is taking over and as if you have no fucking choice, but the reality of the matter is that you do.  If you find utility in lightning, then use it, and if you don't then don't.  Others are going to make similar choices regarding a variety of competing products and whether they recognize any use case in lightning network in its early stages of development or sometime later down the road.  You seem to be going on and on and on about some speculation that has little to no basis in reality because right now people can decide and they have choices and if lightning provides a superior product that people find useful, then it will get used, and if it does not, then it will not be used. 

Satoshi and scam ripple are light years apart. Lightning is much closer related to scam ripple than to Satoshi.

O.k.  Don't fucking use it then.  Again, you seem to proclaiming some kind of baseless theory about lightning taking over the world of bitcoin - similar to what the bitcoin bashers and alt coin pumpers.   You hardly seem to be providing any kind of meaningful information with your exaggerated bad comparisons (ripple, come on?)  and seemingly fear based speculation.

Satoshi give me an address and i sent you some coins, scam ripple lets establish a banking channel, NO get lost i dont want your scam.

Why don't you provide some actual facts and some actual logic rather than spouting out baseless attempts to trigger with your stupid ass ripple exaggeration comparison.

Again, lightning is in early testing stages and it is pegged to actual bitcoin not some paper tiger scam like ripple... You are going to get on the nerves of a lot of folks, robin hood, if you continue to spout such baseless exaggerated nonsense.. and maybe you need to go to some alt coin thread or bcash thread so you can harmonize with those folks about the supposed "greatness" of on chain scaling and the supposed "evils" of lightning network (I gather you are against the use of segregated witness, too?  )

[ivomm]

I don't know why the twins are so stubborn with their poorly prepared ETF request. Their little exchange Gemini can't be trusted with ETF. Cboe's request on the other hand is a completely different story. It is prepared very carefully and all these manipulation monitoring etc. stuff are propersly addressed. SEC can't find a legitimate reason for a dissaproval. If they just don't want to give an approval although the criteria are fulfilled, then there are only 2 outcomes. First, the ETF proposals will be send again with amendments until SEC gets sick of it and approves it. Second, the issuing company may sue the SEC commission for an unfair treatment and  in the end obtain the ETF.  Having said that and reading between the lines, the SEC members are terrified that some senator or banker may rebuke them for their eventual approval. For ignorants like them, Bitcoin is something like a ponzi. They still don't understand the true meaning of a decentralized currency. By the way, if SEC are so strict, why they never suspected what was going on with the Bernard Madoff ponzi that stole over $50 billion just under their noses? In 2008 the whole USA financial system collapsed because of the SEC's incompetence covered up with high-class words.