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

[DeathAngel]

Jan Van Eck stated on air on CNBC ETF that it was because it wasnt getting passed and they needed more time to convince SEC about overseas bitcoin trading issues.

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[Last of the V8s]

Jan Van Eck stated on air on CNBC ETF that it was because it wasnt getting passed and they needed more time to convince SEC about overseas bitcoin trading issues.

when was that do you know?
there's some discrepancy between the date of his decision (yesterday according to the doc) and the publication date by the SEC - today

[windjc]

Jan Van Eck stated on air on CNBC ETF that it was because it wasnt getting passed and they needed more time to convince SEC about overseas bitcoin trading issues.

Sure and with the shutdown, its delayed everything.

[Last of the V8s]

Notice of Withdrawal of a Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX

https://www.sec.gov/rules/sro/cboebzx/2019/34-84988.pdf

Dump incoming?
Or will it do nothing to the price as we expected it to be rejected any way.
Edit - It’s 2019 JJG. There’s no stigma attached to being gay now. The closer is ajar, waiting for you to burst out

The dump isn't even that bad (yet?). Maybe you're right and it's all priced in... Additionally, voluntary withdrawal much better perceived than rejection.

[realr0ach]

Jan Van Eck stated on air on CNBC ETF that it was because it wasnt getting passed and they needed more time to convince SEC about overseas bitcoin trading issues.

Everyone who isn't a complete moron knows the bitcoin market is the world's greatest scam as long as the crooked exchange Bitfinex is the market maker for price.  I'm not sure how ANY legislator could pass anything without nuking Bitfinex off the face of the planet first.  And where's all the other volume at?  Why...the useless scam bucketshop Bitmex.

Bucketshops are fucking illegal in most aspects of finance and countries in the world.  How are you going to bring anything to the mainstream that's run almost entirely by two hoax exchanges?  I'm not biased on the situation at all. Even if I was pro-bitcoin, I would NEVER sign off on any ETF or other retardedness as long as Bitfinex controls price if I was the legislator.

[Raja_MBZ]

lol Raja wins ^

OTOH, it seems like bitcoin is winning too, by defending $3600.

I just hope that we don't get any sort of delayed sell-off.

[Last of the V8s]

so far so good^

https://twitter.com/zackvoell/status/1088158087272382464

[HairyMaclairy]

Why Ethereum 1.0 failed and Bitcoin succeeded:

https://medium.com/@noahruderman/why-ethereum-1-0-failed-and-bitcoin-succeeded-72e9594b9789

Ethereum 1.0 wouldn’t be undergoing a complete redesign unless it had major flaws. So how did we get here? And why did Bitcoin seem to fare much better? Two important factors are user experience and economics. At at minimum, for a product to succeed it needs to be a compelling alternative to an existing problem, and the transaction fee must not exceed the economic value of the actual transactions. Together these point to an upwards trajectory for Bitcoin and a downwards trajectory for Ethereum 1.0.

[realr0ach]

so far so good^
https://twitter.com/zackvoell/status/1088158087272382464

You know you're dumpster diving for pro-bitcoin propaganda when you pretend irrelevant taco countries are the shining city on a hill that's going to bring humanity into the future.  INB4, but r0ach, some random guy from Argentina nobodys ever heard of did so and so.  Those people are descended from white Euros from Spain you assholes.  They aren't even taco people.

[JayJuanGee]

[edited out]

For the record - My savings (net worth) is much more bitcoin than fiat heavy. I know it’s stupid but it’s a risk I’m willing to take.

I invested a bit less than 13% of my quasi-liquid assets into bitcoin between late 2013 and late 2015, and largely, currently, the value of that BTC portion of my investment adds up to a bit more than all of my fiat investments - of course due to appreciation of the BTC portion of the investment rather than devaluation of the fiat portion.  The fiat portion has gone up too, but really mediocre performance as compared to bitcoin, which caused BTC to become majority.

During mid to late 2016, I was toiling a bit in my head about whether I should be reallocating some of my BTC investment back into fiat, and even though I took a bit out of BTC, really,  I considered that I was not going to worry about letting the vast majority of the bitcoin to just ride through the cycle.... I think similar to you and several other WO HODLers... of course, we could have been a bit more rich by withdrawing more of the BTC value, but we are mostly content by our choice to HODL through and employ more incremental rather than an extreme approach to our BTC investment.

[Anon136]

so far so good^
https://twitter.com/zackvoell/status/1088158087272382464

You know you're dumpster diving for pro-bitcoin propaganda when you pretend irrelevant taco countries are the shining city on a hill that's going to bring humanity into the future.  INB4, but r0ach, some random guy from Argentina nobodys ever heard of did so and so.  Those people are descended from white Euros from Spain you assholes.  They aren't even taco people.

Taco countries. Haha. I don't care what anyone says. You are an asset to this community.

[realr0ach]

I say that both of you (jbreher and BTCMILLIONAIRE) are on the wrong side on this subject. Many times it is just random events, and not the effort.

Which is, of course, why the lazy and the stupid are universally wallowing in riches, and the soup kitchens cater to those that identify opportunities and work ceaselessly to attain the next rung up.

Right.

 

It's true.  Much of striking it rich is entirely luck.  I know a couple people who know ABSOLUTELY NOTHING about trading, markets, bitcoin, anything, that bought the worst alt-shitcoins ever and made anywhere from hundreds of thousands of dollars to a million just because someone pumped them while they owned them.  The shitcoin Expanse was one of them in particular.  I think it went up like +50x in one day.  I've never seen any pump and dump like that before.

[JayJuanGee]

Notice of Withdrawal of a Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX

https://www.sec.gov/rules/sro/cboebzx/2019/34-84988.pdf

Dump incoming?

Or will it do nothing to the price as we expected it to be rejected any way.

Edit - It’s 2019 JJG. There’s no stigma attached to being gay now. The closer is ajar, waiting for you to burst out

O.k, the point is not about me.  I am asking, why the fuck is gaylord's lawsuit seeing any light of day, beyond how it was thrown out on its ass along with the retarded infant gaylord fag?  

[600watt]

Why Ethereum 1.0 failed and Bitcoin succeeded:

https://medium.com/@noahruderman/why-ethereum-1-0-failed-and-bitcoin-succeeded-72e9594b9789

Ethereum 1.0 wouldn’t be undergoing a complete redesign unless it had major flaws. So how did we get here? And why did Bitcoin seem to fare much better? Two important factors are user experience and economics. At at minimum, for a product to succeed it needs to be a compelling alternative to an existing problem, and the transaction fee must not exceed the economic value of the actual transactions. Together these point to an upwards trajectory for Bitcoin and a downwards trajectory for Ethereum 1.0.

the sooner the alts die, the sooner this bear market turns around. an imploding* eth would surely drag down btc down initially.

*-92% is already an implosion.

[criptix]

Let the dump begin.

3k this weekend 

[LFC_Bitcoin]

Let the dump begin.

3k this weekend  

We’re down about $30 today bro?

I think everybody knew that ETF was going to be denied so I don’t see why them pulling the plug on it would be any different. Surely it won’t have a big impact on the price?

[criptix]

Let the dump begin.

3k this weekend 

We’re down about $30 today bro?

I think everybody knew that ETF was going to be denied. Surely it won’t have a big impact on the price?

I hope that, but news basically just came out - it will take some time until everyone knows (i.e. east asians are still sleeping)

My take is that the bearwhale will use this for a new wave of dumpings :S

[Biodom]

I have no idea what whining and the lack of effort both of you keep talking about. It is probably something personal since you are so adamant about it.

Get a JOB Mr. Lebowski

...The old man told me to take any rug in the house.

[Last of the V8s]

[Raja_MBZ]

The Bitcoin ETF filing has been temporarily withdrawn. We are actively working with regulators and major market participants to build appropriate market structure frameworks for a Bitcoin ETF and digital assets in general. Will keep you updated.

https://twitter.com/gaborgurbacs/status/1088173233722089486