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

[Wilhelm]

<snip>

It might be o.k. 

I have been relatively frugal all of my life, even while my standard of living did increase, so there might be some difficulties to adapt - as compared with either growing up rich or even becoming rich in your 20s, then you might be able to really adapt by the time you are in your 40s.  In my case, I am older than that.  I already had more than 30 years of investing and becoming more and more rich with a kind of exponential growth that came with bitcoin and seems to have decent chances of continuing in the coming 3-5 years or perhaps less,  as we all kind of expect a bit of a boom and perhaps even another blow-off top to happen no later than the end of 2021, but likely sooner than that.

Same here, I am well off without Bitcoin and have a good standard of living. It is good to have acquired this by myself, which let's you know what you are capable of.
As you say I am in not too young either, having Bitcoin will help me get to the point where you don't have to work ever... (even though I will continue to work).
Getting filthy rich in your 20s is not good because you have never learnt what the value of money is. Chances would be that you have blown all your money before you are 40.

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[El duderino_]

Boys a bit movie OT.....

But F*** i’m seriously looking forward to see The joker...

I wish Heath Ledger was around to do it.



Right after i saw him do the joker I went out and bought this for the hell of it.

I never did bother reading it though.





Amusingly enough i've been on the same meds that killed him for over a decade now.

http://www.ladbible.com/entertainment/film-and-tv-joker-gets-eight-minute-standing-ovation-at-premier-20190901?c=1567332550615

[El duderino_]

<snip>

It might be o.k. 

I have been relatively frugal all of my life, even while my standard of living did increase, so there might be some difficulties to adapt - as compared with either growing up rich or even becoming rich in your 20s, then you might be able to really adapt by the time you are in your 40s.  In my case, I am older than that.  I already had more than 30 years of investing and becoming more and more rich with a kind of exponential growth that came with bitcoin and seems to have decent chances of continuing in the coming 3-5 years or perhaps less,  as we all kind of expect a bit of a boom and perhaps even another blow-off top to happen no later than the end of 2021, but likely sooner than that.

Same here, I am well off without Bitcoin and have a good standard of living. It is good to have acquired this by myself, which let's you know what you are capable of.
As you say I am in not too young either, having Bitcoin will help me get to the point where you don't have to work ever... (even though I will continue to work).
Getting filthy rich in your 20s is not good because you have never learnt what the value of money is. Chances would be that you have blown all your money before you are 40.

Important with getting to rich to early isn't only the way of respecting the money and wealth.....

But many people who are to rich to young, will lose the purpose of there life and have no goals to achieve etc (NOT everyone but most of them)
They will lose the value of the small things in live there life gets meaningless they will not have real friends to count on etc, many young rich will get depressed and bitter before the age of 40.... Being wealthy is very good if you know how to live, work with it have somebody to share it with etc...

F*** how many young millionaires I have seen pissing away there life on stupidity
F*** how many young millionaires I have seen whiteout a backbone and not able to do the simplest thing there self  ....
F*** I could expand this post over a whole page if I want

[El duderino_]

$68 Million of Shorts ‘Rekt’ at BitMEX



https://twitter.com/RedditBTC/status/1168741495098269696?s=20

[vroom]

here we are again, stuck at the same range as one week ago. this bitcoin tries to kill us with boringness.

[ivomm]

https://www.wsj.com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003


Van Eck Securities Corp. and SolidX Management LLC on Thursday plan to start selling shares in a limited version of a crypto exchange-traded fund. The companies are employing a rule that will exempt the shares from securities registration, but the shares can be sold only to certain institutional buyers.

...
TO READ THE FULL STORY
SUBSCRIBE

If anyone has a subscription, could post a link to the full article.

[Negotiation]

Important with getting to rich to early isn't only the way of respecting the money and wealth.....

But many people who are to rich to young, will lose the purpose of there life and have no goals to achieve etc (NOT everyone but most of them)
They will lose the value of the small things in live there life gets meaningless they will not have real friends to count on etc, many young rich will get depressed and bitter before the age of 40.... Being wealthy is very good if you know how to live, work with it have somebody to share it with etc...

F*** how many young millionaires I have seen pissing away there life on stupidity
F*** how many young millionaires I have seen whiteout a backbone and not able to do the simplest thing there self  ....
F*** I could expand this post over a whole page if I want

Cool sir
I hope Woke up earlier You get breakfast something...
last finishing with wine 🥂🥂


image Source: https://www.youworkforthem.com/photo/141138/man-and-woman-drinking-wine

[El duderino_]

Silver is a ponzi scheme and a scam that needs government regulation to protect the people who fall for it. /s

via Imgflip Meme Generator

https://twitter.com/fluffypony/status/1168595180993294339?s=21

[El duderino_]

BTC price goes up 100% : Peter schiff: "Price doesn't mean anything. It could go to 100k and it is still a ponzi
BTC price goes down 10%: Peter schiff: "I was right"

https://twitter.com/specialenmity/status/1168533845907521538?s=21

[serveria.com]

$68 Million of Shorts ‘Rekt’ at BitMEX



https://twitter.com/RedditBTC/status/1168741495098269696?s=20

Here, have a +1 smerit from me just for the pic  that's hilarious! 

[btcbeliever]

Make your own conclusion.

https://twitter.com/inmortalcrypto/status/1168215051385430016

I'm fine this too, $500,000

I really like the look of this projected chart, especially the next ‘crash’ which shows the price at still over the current ATH. I can definitely live with that.

It's a bit bullish.

Of course, it could happen like that, but having a correction that only takes bitcoin back down to $60k as its low seems god-damned optimistic.

Compellingly so.

 

 

Looking at 2024 onwards makes me drool like a idiot....  
$6M per BTC or higher ...

Will be curious if BTC plays out anywhere nearly as bullish as that projection, especially if you are expecting a similar trajectory in 2024.  I am not saying that it could not happen, but I just have a hard time imagining such a bullish scenario. 

I will have to be getting gold-platted elderly diapers. 

Won't know how to spend all of the money.

might have to start buying alts (like some other filthy rich peeps) in order to throw a sufficient amount of my money away.

I believe, but I am not sure, if I would want to live frugally like warren buffet in my old age.

I imagine your life would feel like winning monopoly, owning the bank, and owning everything except one street and continuing to play .... watching other players struggling...

It might be o.k. 

I have been relatively frugal all of my life, even while my standard of living did increase, so there might be some difficulties to adapt - as compared with either growing up rich or even becoming rich in your 20s, then you might be able to really adapt by the time you are in your 40s.  In my case, I am older than that.  I already had more than 30 years of investing and becoming more and more rich with a kind of exponential growth that came with bitcoin and seems to have decent chances of continuing in the coming 3-5 years or perhaps less,  as we all kind of expect a bit of a boom and perhaps even another blow-off top to happen no later than the end of 2021, but likely sooner than that.

Jjg, I can tell you from personal experience, it's quite difficult for a lifelong frugal person to adapt to considerable wealth.  And it brings on its own headaches too.  But l like the greater choices that it brings.  And There is joy in giving to others.

[Lucius]

Peter Schiff or Warren Buffett will always defend their beliefs in the old value system which is based on banks, fiat or gold. No matter how good BTC is stand, it will always be ponzi or rat poison squared.

If we ask ourselves why some people think like that, the reason is that BTC is not something they can fully control, or maybe better to say is that they will never be for "give power to people" option.

[Wilhelm]

<snip>

Hahaha that pic LMAO!! 

[mindrust]

BTC price goes up 100% : Peter schiff: "Price doesn't mean anything. It could go to 100k and it is still a ponzi
BTC price goes down 10%: Peter schiff: "I was right"

https://twitter.com/specialenmity/status/1168533845907521538?s=21

He is a two faced dog. Can't believe I used to respect this guy. The more the time passes he looks more and more like an average bcash moron.

And I hodl gold. I believe it will be relevant for a long time but you should be blind if you can't see the value in bitcoin.

[Wilhelm]

Peter Schiff or Warren Buffett will always defend their beliefs in the old value system which is based on banks, fiat or gold. No matter how good BTC is stand, it will always be ponzi or rat poison squared.

If we ask ourselves why some people think like that, the reason is that BTC is not something they can fully control, or maybe better to say is that they will never be for "give power to people" option.

Warren Buffett owns banks ... he's not going to say they suck

[SuperTA]

Ok. you want bitstamp chart, no problem.  

Btc/Usd Bitstamp (CME Chart Bad, Mkay)  

The first major resistance for the shorterm is marked with the yellow area. Around 10.800 Usd to 11.000 Usd, it depends when it gets there.
The first minor resistance is marked with the orange area. We are currently already there. Around 10.500 Usd.

[fillippone]

https://www.wsj.com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003


Van Eck Securities Corp. and SolidX Management LLC on Thursday plan to start selling shares in a limited version of a crypto exchange-traded fund. The companies are employing a rule that will exempt the shares from securities registration, but the shares can be sold only to certain institutional buyers.

...
TO READ THE FULL STORY
SUBSCRIBE

If anyone has a subscription, could post a link to the full article.

News was picked up by Coindesk:

Van Eck, SolidX to Offer Bitcoin ETF to Institutions via SEC Exemption: Report

According to a report by the Wall Street Journal on Tuesday, VanEck Securities and SolidX Management – which have previously had a decision on their proposed bitcoin ETF postponed by the SEC – are taking an unusual route to bypass the regulatory hurdles. They will use an SEC exemption that will allow shares in their VanEck SolidX Bitcoin Trust to be offered to institutions such as hedge funds and banks, but not to retail investors.

WSJ Article:
https://www.wsj.com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003

Van Eck, SolidX to Offer Limited Version of Bitcoin Exchange-Traded Fund
Crypto enthusiasts have been trying with little success to get regulatory approval for bitcoin funds

By Paul Vigna

Sept. 3, 2019 5:30 am ET

Crypto enthusiasts have been trying without much success to get regulatory approval for funds to bring bitcoin to investors. Two firms plan to use a workaround.


Van Eck Securities Corp. and SolidX Management LLC on Thursday plan to start selling shares in a limited version of a crypto exchange-traded fund. The companies are employing a rule that will exempt the shares from securities registration, but the shares can be sold only to certain institutional buyers.

The move is the latest attempt by players within the cryptocurrency sector to create a bitcoin-based investment asset in hopes of attracting money from mainstream investors. Though bitcoin has become part of pop culture in the nearly 11 years since it was created, the markets for trading it remain immature and largely unregulated, which has kept many potential investors out. The Securities and Exchange Commission has so far rejected every attempt to sell a bitcoin ETF.

The SEC declined to comment. The agency has previously raised concerns that there aren’t enough protections against fraud and market manipulations in the crypto market.

The VanEck SolidX Bitcoin Trust shares would be sold under the SEC’s Rule 144A, which allows for the sale of privately placed securities to “qualified institutional buyers.”

That means they would be available only to institutions such as hedge funds, brokers and banks. They wouldn’t be open to retail investors or individual buyers.

The firms first jointly applied for a bitcoin ETF in 2018 and said they still expect eventual approval. Van Eck and SolidX said they hope this limited version will act as a proof that a bitcoin ETF can work.

It is an unusual arrangement.Anna Pinedo,a partner at Mayer Brown’s New York office, who isn’t involved in the fund, said she had never heard of a firm offering shares under Rule 144A and then seeking SEC approval for a retail offering.

ETFs have grown into a $3.9 trillion market, according to research firm XTF. They give investors easy access to stocks and bonds, but also some exotic markets, such as commodities and derivatives, and high-risk strategies, in which retail investors may not understand the dangers.

It isn’t clear how much demand there would be for a bitcoin ETF, after the brutal selloff in 2018 appeared to wipe out both retail and institutional interest. Still, there is a potentially large first-mover advantage for the firm that can get a bitcoin ETF approved.

While any investor can buy cryptocurrency, it can be daunting for people not familiar with it. Crypto enthusiasts believe that an ETF would make it simpler for investors to get exposure to the sector.

[vroom]

The first major resistance for the shorterm is marked with the yellow area. Around 10.800 Usd to 11.000 Usd, it depends when it gets there.
The first minor resistance is marked with the orange area. We are currently already there. Around 10.500 Usd.

resistance is futile, go borgcoin go!

edit: lol, borgcoin really exists: https://bitcointalk.org/index.php?topic=574236.0

[Bossian]

What price will #Bitcoin reach in September?


Source: https://twitter.com/boxmining/status/1168191887251054593

LOL bro.

Some charts were posted in previous pages, if you stand back a little and watch, you can see BTC price follows a certain logic. On the short term it can be unpredictable but not so much in the middle or long term. Those who are skeptical about BTC like to say it's pure gambling, like lottery, because they make the mistake to compare with the stock market. They should stand back a little, read some charts, learn some things from market psychology too... and they'll see the light, bro.  

[Wilhelm]

The first major resistance for the shorterm is marked with the yellow area. Around 10.800 Usd to 11.000 Usd, it depends when it gets there.
The first minor resistance is marked with the orange area. We are currently already there. Around 10.500 Usd.

resistance is futile, go borgcoin go!

edit: lol, borgcoin really exists: https://bitcointalk.org/index.php?topic=574236.0

Yea, for the longterm there is no resistance. Only sky is the limit.

And assimilate as much coins as possible...