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

[marcus_of_augustus]

https://www.tickcounter.com/countdown/789193/bitcoin-pump-bakkt-physical-futures
ferfuxxake lol

Why BTC pump based on this situation alone?  Can someone provide a quickie explanation about why BAKKT futures are significantly different from the already existing futures of CME and CBOE (that have been in place for nearly a year)?

... next day settlement, i.e. 24 hr delivery of the bitcoin, on-chain redemption.

At least that's what they are claiming but it doesn't exist in reality, yet.

CME, CBOE are futures contracts that expire in 1-month, 3-month and 6-month periods and settled using cash (fiat).

[JayJuanGee]

"physical delivery"

of a virtual asset...

we are well and truly down the rabbit hole now

Hey... it makes more sense to describe physical delivery of a virtual asset, such as "the private keys to X bitcoin" than it does to assert that some real physical asset such as real property or gold is represented on the blockchain, because that is not true.. and that is bullshit if you want to assert that you own Y real estate or Z gold because it says so on the blockchain. 

The physical real property or the physical gold is of a different nature than the private keys to value that is represented in a bitcoin transaction and represented when one person (or entity) transfers the private keys from himself/herself to another.  The value is in the bitcoin itself (and the private keys) rather than some separate physical property that may or may not be deliverable (such as the real property or the gold examples that I mentioned).

[marcus_of_augustus]

"physical delivery"

of a virtual asset...

we are well and truly down the rabbit hole now

[Rosewater Foundation]

What's Theymos doing with his life these days I wonder? That seastead thing ever get off the ground? So to speak. This digital gold thing doesn't really seem to be panning out. I guess.

All puns intended, obviously..

[jojo69]

oh god

it's crashing

[Elwar]

What's Theymos doing with his life these days I wonder? That seastead thing ever get off the ground? So to speak. This digital gold thing doesn't really seem to be panning out. I guess.

All puns intended, obviously..

Not sure about Theymos but I will likely be living on a seastead in the next 3 months or so.

[HairyMaclairy]

Pics compuslory

[elrippos friend]

Hilarious 

[realr0ach]

The dingo ate your gold m8:

https://www.silverdoctors.com/gold/gold-news/11-tons-of-gold-missing-from-australia-and-now-england-denies-australia-access-to-its-gold/

This is why the Jews are constantly trying to get people to buy valueless, imaginary shitcoins instead of physical metals.  Metals have been rehypothecated like 300:1+.  People always speculated silver would break the paper markets, but it's likely people like Putin doing open market orders in mega-tonnage that causes the paper markets to blow up, then real silver price discovery follows after rogue sovereigns buying up all the gold (which was "banned" with Bretton Woods) burns down the house of cards.

Silver is still going to see way better gains than gold, but at this point due to the rogue sovereigns, it seems overwhelmingly likely the gold paper market is the one that cracks first.  Anyone who owns paper gold or silver will also have their account 'settled' before revaluation and see zero gains.  It's even in the fine print!

[jbreher]

"physical delivery"

of a virtual asset...

we are well and truly down the rabbit hole now

Hey... it makes more sense to describe physical delivery of a virtual asset, such as "the private keys to X bitcoin" than it does to assert that some real physical asset such as real property or gold is represented on the blockchain, because that is not true.. and that is bullshit if you want to assert that you own Y real estate or Z gold because it says so on the blockchain. 

The physical real property or the physical gold is of a different nature than the private keys to value that is represented in a bitcoin transaction and represented when one person (or entity) transfers the private keys from himself/herself to another.  The value is in the bitcoin itself (and the private keys) rather than some separate physical property that may or may not be deliverable (such as the real property or the gold examples that I mentioned).

Think morely bigly. One word: Yap.

[Icygreen]

The janitor not only did not rise from his seat when he passed, but never even glanced at him, as if only a fly had flown through the reception-room.

 I literally just read that story while attempting to find a larger version of Searing's avatar.  Wow.

Nice, you got it to upload!  What's the secret?

[xhomerx10]

The janitor not only did not rise from his seat when he passed, but never even glanced at him, as if only a fly had flown through the reception-room.

 I literally just read that story while attempting to find a larger version of Searing's avatar.  Wow.

Nice, you got it to upload!  What's the secret?

 Yeah I tried with the gif file to no avail then I decided to try an animated png instead and it worked.  There is a converter at ezgif com that will convert the gif to an apng (file extension is still .png)  I would do it for you but I am at work for another 5 hours.

[Icygreen]

Sweet, Thanks!

Edit: LOL

[Wekkel]

Living the Dream 

[xhomerx10]

Sweet, Thanks!

Edit: LOL

Looking good!

[Yaplatu]

The Intercontinental Exchange's upcoming cryptocurrency trading platform Bakkt will officially launch on December 12, pending regulatory approval.   

https://www.coindesk.com/bitcoin-futures-will-go-live-on-ices-crypto-trading-platform-in-december/

[goldkingcoiner]

Gentlemen. The Bakkt news is just what we needed! Definitely starting 2019 on a bull run!!! ETF approval soon!

https://twitter.com/FedPorn/status/1054362136997175297

“Liquidation as a stop”

"stop trading, you are not good at this" - kind of stop. Then yeah. It is a definite stop. They probably wont stop.

...
Every day BTC is here is always another succes “BTC is here to stay”

Altcoin tattoo... I don't love you anymore.

[El duderino_]

Have too say the moving eye is pretty sweet.... think its gonna stay with icygreen, so have to change that in my HATcollection ( Homer keeping it too ? Or back the original?) 

[Last of the V8s]

https://www.annualreviews.org/doi/abs/10.1146/annurev-anthro-102116-041448

Could anyone get the full article here please?
There's obviously something here about low population densities, but it still might rekt a few arguments.
If there's anything to the data...

[Last of the V8s]

United States Government propaganda and population-calming show NCIS:LA to feature a bitcoin-themed episode.



Not your bitcoin codes, not your bitcoin.