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

[d_eddie]

World’s First Crypto ETF to be Listed Next Week in EU

https://www.chepicap.com/en/news/5281/world-s-first-crypto-etf-approved-in-switzerland.html

An ETP is the umbrella term under which ETF's belong, which is a specific product-type within this wider range. The general tendency both in the marketplace and the media is to use ETF and ETP as perfectly interchangeable terms.

https://twitter.com/IamNomad/status/1063851395827273729?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1063851395827273729&ref_url=https%3A%2F%2Fwww.chepicap.com%2Fen%2Fnews%2F5281%2Fworld-s-first-crypto-etf-approved-in-switzerland.html

I'm fed up with these crypto salad funds ("composite"). I don't think we need them. A pure btc ETF/ETP, audited and settled in kind, would be quite a different matter.

[1714039424]

1714039424

[jbreher]

if, if, if

What you all grumpy about bbear?  

'bbear'? That's a new one.

ANYWAY..., I'm not grumpy. I'm just pointing out that your hypothetical is dependent on several 'ifs'. None of which are anywhere near certain to come to pass.

[crypmike]

Bcash Fork

[jojo69]

this might take a while

[mike4001_]

World’s First Crypto ETF to be Listed Next Week in EU

https://www.chepicap.com/en/news/5281/world-s-first-crypto-etf-approved-in-switzerland.html

An ETP is the umbrella term under which ETF's belong, which is a specific product-type within this wider range. The general tendency both in the marketplace and the media is to use ETF and ETP as perfectly interchangeable terms.

https://twitter.com/IamNomad/status/1063851395827273729?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1063851395827273729&ref_url=https%3A%2F%2Fwww.chepicap.com%2Fen%2Fnews%2F5281%2Fworld-s-first-crypto-etf-approved-in-switzerland.html

Could this be huge?

Should start a new thread for this one ...

[vroom]

World’s First Crypto ETF to be Listed Next Week in EU

https://www.chepicap.com/en/news/5281/world-s-first-crypto-etf-approved-in-switzerland.html

An ETP is the umbrella term under which ETF's belong, which is a specific product-type within this wider range. The general tendency both in the marketplace and the media is to use ETF and ETP as perfectly interchangeable terms.

https://twitter.com/IamNomad/status/1063851395827273729?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1063851395827273729&ref_url=https%3A%2F%2Fwww.chepicap.com%2Fen%2Fnews%2F5281%2Fworld-s-first-crypto-etf-approved-in-switzerland.html

Could this be huge?

Should start a new thread for this one ...

there are other threads?

[JayJuanGee]

You know what I fear? I fear going down on a girl that I think is clean and looking in the mirror the next morning to find little balls of dirty toilet paper stuck in my beard that rubbed off of her taint.

Lifehack don't go down on girls. You are welcome.

Either a sign of inexperience, or lack of adventure.  Surely it is great to have such urges to "go down," as circumstances may arise for such (and hopefully often).

[Bitcoinaire]

It's good to listen to a Trace Mayer interview in these trying times.
Warning, it's bitcoinmeister.

https://www.youtube.com/watch?v=jN5uZXcwLlE

Here is another interview w/ Trace Mayer:

https://www.youtube.com/watch?v=2ZBUYqiGJpU

[BTCMILLIONAIRE]

Looks like that Swiss ETF doesn't want any of the Faketoshi BCash and opted for the ABC chain instead.

[BTCMILLIONAIRE]

The fund also appears to be physically backed:

The fund automatically allocates crypto distributions based on their performance in market cap rankings. When you buy the stock, market makers buy the equivalent amount of cryptos – according to the distribution – and send it to a custodian for safe keeping.

Which is something nice in the light of all the retarded Futures.

[El duderino_]

this pulpo thing is just the best it makes me like even forgot that we are in a DIP or bear market @the moment



after a strong white russian to start with
2 bottles of wine
where going for the 3d to call it a night in here and will be seeing what the nights gonna bring us more
whatever going FULL drunk with my GF and 2 nocoiners (but also no haters) so the company is good, but no crypto talk smart asses this evening.....

price still 5.5k-ish good enough,LIKE i thought D_eddie said where almost 1 year over 5K-ish thats a huge succes-milestone in the BTC history or not?

good night evening and CHEERS to all of you WO's

get yourselfs a bit intoxicated cause after a week like this and o few months of bear-hodling ..... why not right?

i'm still in for a weekend PUMP, big recovery all of that but if its not and where going the LOOOONG way, yeah thats fine as well, have been meeting many longterm hodlers yesterday (don't know what amounts) but hodlers and that always an instant injection of NICE HOPIUM

especially when this writing guy is drunk don't mind the english ......

[El duderino_]

this might take a while

that guy was urgent to get aboard the CCMF??

[HairyMaclairy]

Not going to ask why the train was reversing

[El duderino_]

Greg posted a detailed explanation of CSW's most recent fraud: https://bitcoin.stackexchange.com/questions/81115/if-someone-wanted-to-pretend-to-be-satoshi-by-posting-a-fake-signature-to-defrau/81116#81116

I think that sometimes theymos, realist as he may seem to be, can sometimes end up arguing a bit too much on the bearish side of bitcoin matters.  It has been shown in the past.  hahahahahaha   in other words, take theymos's predictions with a grain of salt.  

True, I've historically erred much more on the side of bearishness. But since I mostly hodl, only speculating with smallish amounts if at all, that means that I'm rarely disappointed, and sometimes happily surprised.

It's official gentleman, we've hooked Theymos on the WO thread.

Still don’t own an XhomerX one............ ?

[El duderino_]

Not going to ask why the train was reversing

Your crushing my drunk feeling @the time with does downward charts..... when is it going UP on the hairyCHARTchannel ?

[JayJuanGee]

World’s First Crypto ETF to be Listed Next Week in EU

https://www.chepicap.com/en/news/5281/world-s-first-crypto-etf-approved-in-switzerland.html

An ETP is the umbrella term under which ETF's belong, which is a specific product-type within this wider range. The general tendency both in the marketplace and the media is to use ETF and ETP as perfectly interchangeable terms.

https://twitter.com/IamNomad/status/1063851395827273729?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1063851395827273729&ref_url=https%3A%2F%2Fwww.chepicap.com%2Fen%2Fnews%2F5281%2Fworld-s-first-crypto-etf-approved-in-switzerland.html

From  one of the images, it looked like about 50% and then the rest is a mixture of various shitcoins, including etherum, bcash, litecoin and ripple.  In fact a lot of  shitty ripple.



Do they reapportion from time to time?  Seems a bit crazy to diversify so much into bullshit, and if there were some kind of reason that justified a preference for a ETF rather than buying bitcoin directly, then at least 75% in bitcoin would feel a bit more comfortable (rather than getting caught up with too much extra risk with various shit-projects), at least from my perspective.

[JayJuanGee]

if, if, if

What you all grumpy about bbear?  

'bbear'? That's a new one.

ANYWAY..., I'm not grumpy. I'm just pointing out that your hypothetical is dependent on several 'ifs'. None of which are anywhere near certain to come to pass.

Aren't all hypotheticals based on "ifs" and the further out we go (the more legs) the lower the probabilities become.  I don't tend to present matters with certainties, anyhow, so I remain unclear why you seem to be reacting stronger than seemingly reasonable.

By the way, if you are attempting to keep investing in all of the fork camps or hedging, it does not seem like a very good strategy, and even having any decent proportion in bcash - rather than just keeping that in bitcoin would have been a much better strategy.

I understand that strategies and apportionment ideas can change over time, but hopefully both you and PeterR (remember he was advocating 50/50 btc/bcash) have wisened up a bit, prior to the forking baloney that, so far, seems to be causing a decent amount of  wealth extraction - at least in terms of the btc trading pair... but maybe there is still hopium with your whole crowd that it is all going to work out.. and future pumps are coming.. I would not really proclaim to know short term, even though my long term prospects are going to be heads and shoulders above you and PeterR in terms of my bearishness about anything related to bcash - in terms of its relativeness to overall bitcoin fundamentals.

[bitserve]

if, if, if

What you all grumpy about bbear?  

'bbear'? That's a new one.

ANYWAY..., I'm not grumpy. I'm just pointing out that your hypothetical is dependent on several 'ifs'. None of which are anywhere near certain to come to pass.

Aren't all hypotheticals based on "ifs" and the further out we go (the more legs) the lower the probabilities become.  I don't tend to present matters with certainties, anyhow, so I remain unclear why you seem to be reacting stronger than seemingly reasonable.

By the way, if you are attempting to keep investing in all of the fork camps or hedging, it does not seem like a very good strategy, and even having any decent proportion in bcash - rather than just keeping that in bitcoin would have been a much better strategy.

I understand that strategies and apportionment ideas can change over time, but hopefully both you and PeterR (remember he was advocating 50/50 btc/bcash) have wisened up a bit, prior to the forking baloney that, so far, seems to be causing a decent amount of  wealth extraction - at least in terms of the btc trading pair... but maybe there is still hopium with your whole crowd that it is all going to work out.. and future pumps are coming.. I would not really proclaim to know short term, even though my long term prospects are going to be heads and shoulders above you and PeterR in terms of my bearishness about anything related to bcash - in terms of its relativeness to overall bitcoin fundamentals.

Ironically, jbreher and peterr are now in opposing camps of the "hashwar".

Who would have said a few months ago?

[yefi]

there are now so many sides and factions that surely some of these people wind up pumping and cheerleading the wrong one for a few days until they figure it out and flip again, and by that time there's another sect they need to join.

And some of them still think there's going to be a flippening. Dear me.

[jojo69]

flippening any minute now...   ...   ...