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

[Phil_S]

Worst fucking roller-coaster ride.

Ever.

This is fine! Better than $6400 sideways!!!

[1714815973]

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[LFC_Bitcoin]

Observing $10,171

Must admit I’ve had worse days. Keep HODLING & enjoy life gentlemen. Those who are brave will be rewarded with great riches

Edit - Definitely time to go back up soon -



The market usually does the opposite of what it’s supposed to ^^

[JSRAW]

Dear traders

[nutildah]

^^^
he also said bitcoin was rat poison, but that's neither here nor there.

[JSRAW]

^ pick good thing, dish out the garbage.

[jojo69]

Its strangely quiet around here.  JJG took a day off  , Roach not enlightening us with rare never before seen knowledge about metals, centralization designs, and pyramids.  

Can you imagine that JJG is an alter ego of our poor scrochie? This could be a real conspiracy theory.

I have to admit, I would be impressed if that turned out to be the case, mainly because pulling off the JJG persona as an artifice would be serious art.

[BitcoinGirl.Club]

Observing @ $10,090

No major move. I think for the next few days bitcoins will move between $9k to $10.5k. It's boring LOL

[BitcoinGirl.Club]

^ pick good thing, dish out the garbage.

Anyone fancy a Garbage plate? Here is the recipe: https://www.instructables.com/id/How-to-Make-a-Garbage-Plate/
😜

[Agapios]

If after this sell off BTC gets significantly over 70% dominance I would be happy.

Sometimes I think what would happen if we drop to 6k, 5k, i think BTC would be at 80% dominance or more, the dominance side effect would be great

[vroom]

I have some weird thoughts.

Is it possible that bitcoin was created by the USA with the purpose of protecting its economic future and global supremacy?

1: create a new hedge for wealth and preserve enough of it (1/21). (check)
2: lead the world economy into ruin and sacrifice the USD. (ongoing)
3: make sure the hedge is recognized as a new world currency. (up next)
4: profit

edit: I just realized that this post could be a roach post if USA is replaced with jews.

[JSRAW]

@pamoldar: Alter ego sounds better topic to discuss.

[jojo69]

Bad news.

Any post starting with "bad news"

Cool story

easy guys, easy, this touch of danger has everyone a little on edge

let's all step back and remember the good things about each other

[Icygreen]

I have some weird thoughts.

Is it possible that bitcoin was created by the USA with the purpose of protecting its economic future and global supremacy?

1: create a new hedge for wealth and preserve enough of it (1/21). (check)
2: lead the world economy into ruin and sacrifice the USD. (ongoing)
3: make sure the hedge is recognized as a new world currency. (up next)
4: profit

I like tinfoil hats and koolaid conspiracy so this won't strike me as weird at all and I think its even probable.
It's a great plan if so but who knows what it will become on a 5-10 year term. If evidence ever got out that this was the case... would it even matter at this point?

[fillippone]

YOU CANNOT CALL IT A DAY WITHOUT A BAKKT NEWS!


Bakkt Says It’s ‘Cleared to Launch’ Bitcoin Futures Next Month

The Intercontinental Exchange’s young subsidiary announced Friday that it had acquired a New York state trust charter through the New York State Department of Financial Services (NYDFS). The approval clears the way for the company to begin offering its highly-anticipated physically-settled bitcoin futures contracts. The company intends to launch its products on Sept. 23.

Orginal Bakkt Blog Post:

 Cleared to Launch

One year ago, we announced our ambitious vision to bring institutional infrastructure to digital assets with an end-to-end regulated marketplace. That vision will be realized on September 23 when Bakkt launches custody and physically-delivered daily and monthly bitcoin futures contracts in partnership with ICE Futures U.S. and ICE Clear US.
Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun. With approval by the New York State Department of Financial Services to create Bakkt Trust Company, a qualified custodian, the Bakkt Warehouse will custody bitcoin for physically delivered futures. This offers customers unprecedented regulatory clarity and security alongside a regulated, globally accessible exchange in a market underserved by institutional-grade infrastructure.

[aesma]

It's a very large company (part of the CAC40 index), it trades a lot with governments etc., it can't really go under. I would sell some if I could, but I have to wait 5 years, quit the job, or buy a home to be able to sell it.

Keeping your retirement money in a single stock an insanely bad strategy.  And yet they're forcing you to do it.  Can this be legal?

Actually that's not the retirement plan, that one is diversified (and you can fiddle a bit with it, towards more or less risk), however you can't get the money until you retire in your 60s, or go bankrupt ! That's insane, and the government has now realized this and is changing the rules, making it more attractive.

The matching contributions from the employer go to one plan or the other (or half and half or whatever) but since that retirement plan is really useless to me as it is, then I put everything into the other. There are also regularly stock emissions with a leveraged thing offered to employees, your investment is guaranteed, you buy below the current price, and you get 10 times the growth over 5 or 10 years, it's quite good, but you can only invest a few hundred € in it, as basically all employees worldwide buy into it.

[aesma]

The roller coaster continues, I made a bit more money, it's really hard not to trade this !

[ivomm]

YOU CANNOT CALL IT A DAY WITHOUT A BAKKT NEWS!


Bakkt Says It’s ‘Cleared to Launch’ Bitcoin Futures Next Month

The Intercontinental Exchange’s young subsidiary announced Friday that it had acquired a New York state trust charter through the New York State Department of Financial Services (NYDFS). The approval clears the way for the company to begin offering its highly-anticipated physically-settled bitcoin futures contracts. The company intends to launch its products on Sept. 23.

Orginal Bakkt Blog Post:

 Cleared to Launch

One year ago, we announced our ambitious vision to bring institutional infrastructure to digital assets with an end-to-end regulated marketplace. That vision will be realized on September 23 when Bakkt launches custody and physically-delivered daily and monthly bitcoin futures contracts in partnership with ICE Futures U.S. and ICE Clear US.
Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun. With approval by the New York State Department of Financial Services to create Bakkt Trust Company, a qualified custodian, the Bakkt Warehouse will custody bitcoin for physically delivered futures. This offers customers unprecedented regulatory clarity and security alongside a regulated, globally accessible exchange in a market underserved by institutional-grade infrastructure.

Finally, they got the approval! Let's see if the market will react positively to this huge news! It seems for now that the upward movement has resumed.

[LFC_Bitcoin]

fillipone, you beat me to it on the BAKKT news, bastardo!

 

+1 Merit, damn it!



https://twitter.com/bakkt/status/1162381503982112769?s=21

https://medium.com/bakkt-blog/cleared-to-launch-8dfc3e6f9ed0

[VB1001]

BTC > advancing.

[Millionero]

It's a very large company (part of the CAC40 index), it trades a lot with governments etc., it can't really go under. I would sell some if I could, but I have to wait 5 years, quit the job, or buy a home to be able to sell it.

Keeping your retirement money in a single stock an insanely bad strategy.  And yet they're forcing you to do it.  Can this be legal?

Actually that's not the retirement plan, that one is diversified (and you can fiddle a bit with it, towards more or less risk), however you can't get the money until you retire in your 60s, or go bankrupt ! That's insane, and the government has now realized this and is changing the rules, making it more attractive.

The matching contributions from the employer go to one plan or the other (or half and half or whatever) but since that retirement plan is really useless to me as it is, then I put everything into the other. There are also regularly stock emissions with a leveraged thing offered to employees, your investment is guaranteed, you buy below the current price, and you get 10 times the growth over 5 or 10 years, it's quite good, but you can only invest a few hundred € in it, as basically all employees worldwide buy into it.

I guess you're in France (CAC40).  I'm in Lyon right now, will be in Paris in about a week, spend a few days there and then fly back to the U.S.

The roller coaster continues, I made a bit more money, it's really hard not to trade this !

Choppy range-bound price action, good for day trading, I guess.  I trade on a scale of months and years, so this day-to-day stuff isn't really in my wheelhouse.