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

[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.

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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...

[d_eddie]

REITs? They're like ETFs but for Rental properties, professional managed by a team. You don't do anything except collect dividends. The MER is usually a bit higher than index ETFs, but still below 1%.

Can be lucrative, but one has to be careful and do the proper research. The vast majority of REITs are insolvent, and just one downturn away from bankruptcy. A high dividend yield is usually the tell; the higher it is, the more likely the REIT is under bad financial stress.

REITs have a mandatory minimum on returns to stakeholders, in the neighborhood of 90%. Hard to check exact figure right now.

Not sure somebody else already remarked that? Haven't caught up yet... As she crossed back above 10k, WO activity got much busier 😉

[DeathAngel]

Seems to be a little bit of a change in sentiment around recently. Bullish charts & graphs, people here are making bullish price predictions.

Anybody think we might start to significantly climb as 2019 draws to an end?

 

[Wilhelm]

Seems to be a little bit of a change in sentiment around recently. Bullish charts & graphs, people here are making bullish price predictions.

Anybody think we might start to significantly climb as 2019 draws to an end?

 

I think we will but not as fast as we like. Parabolic phase will be after the halving...

[LFC_Bitcoin]

Seems to be a little bit of a change in sentiment around recently. Bullish charts & graphs, people here are making bullish price predictions.

Anybody think we might start to significantly climb as 2019 draws to an end?

 

I think we will but not as fast as we like. Parabolic phase will be after the halving...

Agree! In my ideal dreams we break $100,000 per BTC in Q3 or Q4 of 2021.

[lightfoot]

Seems to be a little bit of a change in sentiment around recently. Bullish charts & graphs, people here are making bullish price predictions.

Anybody think we might start to significantly climb as 2019 draws to an end?

 

Well I haven't seen pages and pages of trains on fire and happy spacemen so I'm not sure if the time is right yet.....

[SuperTA]

When there is too much bullish graphs i start to get worried.
But WO made a few very bullish graphs when most of others were calling a breakout to the downside. Which didn't happen.

[Lucius]

Agree! In my ideal dreams we break $100,000 per BTC in Q3 or Q4 of 2021.

That would be the perfect time, it would fit perfectly in 1+ year after next 2020 halving as was the case in the past. However, the question remains how Bitcoin will behave in the circumstances of a possible new economic crisis. As there are no previous references to compare with, it is possible that we will not see same pattern (post halving effects).

I like to see this chart from time to time, and it would be really nice to see it come to fruition



Source : https://bitcointalk.org/index.php?topic=5134686.0

[Wilhelm]

Seems to be a little bit of a change in sentiment around recently. Bullish charts & graphs, people here are making bullish price predictions.

Anybody think we might start to significantly climb as 2019 draws to an end?

 

Well I haven't seen pages and pages of trains on fire and happy spacemen so I'm not sure if the time is right yet.....

Bullish memes are always welcome 

[Negotiation]

When there is too much bullish graphs i start to get worried.
But WO made a few very bullish graphs when most of others were calling a breakout to the downside. Which didn't happen.

Bullish Vs Bull sometime nonfused what's meaning Bullish and Bull same meaning? trading platform said 2 think Bearish and Bullish but so Bull?.
other hand market trend changes need one news or a few second It can go down and upside.

[SuperTA]

When Bitcoin reached 3100 Usd there was a very negative news about bitcoin and crypto in general. But Bitcoin started to rise anyway from there on. As you can see, you must be a little bit contrarian, not to just follow the news and the majority of people.

[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

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

first resistance is pulverized

[Wilhelm]

Observing $10654  

Mega volume green dildo  

[Negotiation]

When Bitcoin reached 3100 Usd there was a very negative news about bitcoin and crypto in general. But Bitcoin started to rise anyway from there on. As you can see, you must be a little bit contrarian, not to just follow the news and the majority of people.

People are following now two think fundamental and technical new in people maybe follow like bad news pumping group signal group etc, problem new people emotionally operate everything when price few drops then decide to sell the fund.

[Lucius]

Observing $10654  

Mega volume green dildo  

Green everywhere, will we see $11k today?

[vroom]

watching walls being eaten is fun, badger is hungry today