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

[rebal15]

So apparently no BTC ETF for the moment:

VanEck, SolidX Withdraw Bitcoin ETF Proposal From SEC Review

Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. The companies withdrew the same ETF proposal in January, after a prolonged government shutdown threatened to force a rejection.

The SEC is still reviewing two other bitcoin ETF proposals. One, filed by Wilshire Phoenix, would include both bitcoin and U.S. Treasury bonds in the Trust, and faces an initial deadline at the end of September, while the other, filed by Bitwise Asset Management with NYSE Arca, will be approved or rejected on Oct. 13.

Observing 10,227 honey badger doesn’t care.

They probably withdrew the application because they say another reject coming.
I expect other pursuant doing the same on the next weeks.

Imho institutional money is badly needed to get bitcoin where it is meant to, think about PlanB SF model. In case of disappointment of this model to realise the loss of positive momentum could be very heavy, resulting in a very long cryptowinter II.

You still think about BTC ETF.

[rebal15]

There is no way for BTC to get to value in the millions without dollar losing value. As simple as that.

You still think BTC at 1million dollar.

[DaRude]

According to the document, Wright’s lawyers and Kleiman’s estate have reached a non-binding agreement to settle the matter and are continuing to negotiate and finalize all relevant terms.

https://coinworld360.com/craig-wright-asks-for-30-day-extension-to-delay-500k-bitcoin-payout/

Plot twist, they settle for undisclosed amount, Ira praises CSW as real Satoshi and not a single Satoshi's satoshi is moved. Whole circus was orchestrated by court loving CSW/Calvin from the start, who's willing to do anything to add legitimacy to his fairy tale as long as it doesn't involve Satoshi's keys.

[rebal15]

Been a whole day in London at the moment..... F*** that traffic and etc everything makes me feel like i’m scammed

The most annoying thing is the people, too many fucking people 

Living in village is better than you living in a city. in villages, people can produce their food with agriculture and respect each other.

Maybe you can convince the NSA worker Called Lambie when his brain is in normal mode.

[jojo69]

So many people there I used to respect.

Even fu**ing lambie has a hat!

:facepalm:

we cap-itulated

[rebal15]

BeeCash, BSh*tV feelings ??

Bcsh and BSV was free money. don't pretend that you did not got them.

[LUCKMCFLY]

There is no way for BTC to get to value in the millions without dollar losing value. As simple as that.

You still think BTC at 1million dollar.

Why Not?

[jojo69]

There is no way for BTC to get to value in the millions without dollar losing value. As simple as that.

I remember people saying the same thing about $1000

[Hueristic]

Damn a few percentages up and i'm reading alt season everywhere ........

The Nice thing about it is that they are up VS ETh!!!

More proof ETH is the King of Shitcoins.Lol

Damn a few percentages up and i'm reading alt season everywhere ........

yeah cos since margin trading came in for binance plebs, that plus a few % up is what passes for altszn nowadays

Yup, a new Casino is in town.

[xhomerx10]

https://i.imgur.com/khNBCP2.jpg

3 new hats in September:

- SuperTA
- _javi_
- serveria.com

The three as always with a good design of xhomerx10

BTC & StrongHats


This September has been very good for the WO thread, +25,000 pages, +500,000 replies with comments of all kinds, but most of them related to Bitcoin.

Thx infofront in the future this thread and its "members" will be a subject of study.

So many people there I used to respect.

Even fu**ing lambie has a hat!

:facepalm:

 The women of ENIAC



avatar-sized


 
 Now you've got one too

edit:

[Hueristic]

So many people there I used to respect.

Even fu**ing lambie has a hat!

:facepalm:

we cap-itulated

It was necessary for the floor.

[Negotiation]

Lot of questions about stock-to-flow going to infinity.

People don't realize that after 2020 halving #bitcoin market value will be $1T+ and after 2024 $10T, while USD monetary base is $3T .. so then people just stop accepting USD, like nobody accepts Zimbabwe $ for bitcoin now.

source: https://twitter.com/100trillionUSD/status/1174372878055280641


what you feeling up?

[legendster]

Damn a few percentages up and i'm reading alt season everywhere ........

The Nice thing about it is that they are up VS ETh!!!

More proof ETH is the King of Shitcoins.Lol

Damn a few percentages up and i'm reading alt season everywhere ........

yeah cos since margin trading came in for binance plebs, that plus a few % up is what passes for altszn nowadays

Yup, a new Casino is in town.

I am involved with Vsys for a few weeks now. Almost 2 months to be exact. What do you think about its movements?

https://coinmarketcap.com/currencies/v-systems/

Ever since it was promoted through ZB, it gained a lot of momentum. And its prices aren't really affected either by BTC' or Eth's minor tumbles in price (in either direction).

I am guessing this is because it is not yet fully exposed to the global markets, but with the recent additions in so many exchanges, that's starting to change. How big of a market cap do you think Vsys needs to attain before price swings of btc / eth would start to affect it in a more observable way?

Question is open to all..

[JayJuanGee]

This is getting boring.

Only a couple weeks to Q4 and still over $10K though. The only thing I would not expect at all is the price to keep sideways for too much longer.

Anyway... this is (still) fine.

Fine does not equal boring


and


Boring does not equal fine




Not in bitcoinlandia.


Get a grip, or I am sending batman out.         

There was no claim of a necessary relationship between the two. Just that the two occurred at the same time.
For someone so fond of writing you're quite shit at reading.

On a different note. Nice to see you're working on that brevity thing. Could still cull some dead space though.

Don't you have some BIG blocks to promote somewhere else, fatty?   Or you want to pleasure us with your BIG block worshiping, even though in these parts, we don't give any shits about your various bitcoin attack vector predilections and wishing for onchain scaling or whatever other nonsensical talking points might be your current whining hobby in thinking that there is something wrong with bitcoin.

There you go! Reasonably short without all that dead space. Well done!

Big blocks? Yah, what can I say. Follies of youth I guess. Sure good there was nothing to worry about.

https://cryptobriefing.com/ln-nodes-lightning-network/

I suppose that it is good if you are progressing towards coming around, but I see that since you are exaggerating lack of progress with lightning network as some kind of thing that you should spend time "worrying about," you are still inclined towards hissy fits and whining over matters that are "in progress"

I suppose that bitcoin is the worst decentralized project out there, except for all of the rest. hahahahaha... Anyhow, there might be some hope for you, if you at least recognize that your BIG block nonsense has some follies,  even though you seem to be admitting such "follies" with a bit too much reservation and a bit too much "wanting to be kind of right"

Jeebuz... Here's that reading comprehension we've talked about.

JJG, it's called irony.

Regarding LN. We'll see when the next bull run comes if the LN channels will line up and expedite traffic. I think it would be better with an approach that we know works, but that's not the path that has been chosen.

Besides your patronizing tone, maybe you are coming around a little bit, fatty.. especially with your resolve to accept, a bit more, perhaps?, the chosen path.. instead of whining about it.

I try NOT to get caught up on a timeline, so it remains quite likely that lightning network is far from established to relieve much if any trading traffic, in terms of our next, and likely upcoming, bull run, so in that regard, I would consider that any clogging or high fees that were occurring in our last bull run were a product of a multitude of factors that may or may not be remedied by the time the next bull run comes - however, I doubt that any such deficiencies in the remedy in terms of high fees or long transaction times is really going to stop BTC from having another bull run, as you seem to acknowledge to be coming.

In other words, the devil remains in the details regarding what factors are going to be present for our next bullrun and also how long is such next bullrun going to take to play out?  Is it going to happen in a couple of waves, like 2013 or will it be moreso in one longer and slower wave, like 2016-2017?

[Hueristic]

I am involved with Vsys for a few weeks now. Almost 2 months to be exact. What do you think about its movements?

...

Never heard of it, we don't talk about shit coins in this thread unless we are dumping on ETH,BSV or BCH.

[jojo69]

... patronizing tone...

hmmmmmmm

[d_eddie]

There is no way for BTC to get to value in the millions without dollar losing value. As simple as that.

I remember people saying the same thing about $1000

The dollar actually has lost some purchasing power since the time it was worth more than 1 mBTC. Say, it buys 80% of what it did.

Btc gained ~1.5 orders of magnitude - from 400 to 12k, say.

Different dynamics, kind of apples vs oranges.

A million dollar btc is a couple more orders ahead. The dollar could lose another 50% or so. Big Mac at $12-15$?

[legendster]

I am involved with Vsys for a few weeks now. Almost 2 months to be exact. What do you think about its movements?

...

Never heard of it, we don't talk about shit coins in this thread unless we are dumping on ETH,BSV or BCH.

If you are dumping on BCH please ping me. I want that shit dumped to oblivion. I have a similar hatred for BSV but not as profound as in the case of BCH.

[d_eddie]

Even fu**ing lambie has a hat!

:facepalm:

The women of ENIAC

 
 Now you've got one too

edit:

You are an artist. You retort as one for sure.  

+1 WOsMerit

[JayJuanGee]

hat
Correlation explains the relation between altcoins and Bitcoin. No need to pretend like, the owner of this Twitter account has heard about the correlation first time. Shitcoins will never act with the top cryptocurrencies and they have the special market cycles from my experience. The good example for the correlation is the altcoins and Ethereum if the price of the ETH moves to the higher prices altcoins will follow the path of the mother coin logically.

It seems to me that DanHedl is tweeting from the perspective that all cryptos, other than bitcoin, are shitcoins, and he is making a cute expression that might not actually play out very well factually.

Of course, we are not going to find complete correlation because there are going to be times when some coins get pumped and dumped separately.

Also, we cannot really expect patterns to repeat, especially when it comes to presumptions that there might be another altcoin season or that altcoins are NOT going to be purged (generally speaking) another 50% or more of their value before they might be ready to pump, again - that is if they are still alive after such additional purging.

Will bitcoin be affected?  Probably.  In what direction will bitcoin be affected?  Difficult to determine because bitcoin has another dynamic that is going on, which is the halvening and a lot of likely hype that is going to continue to build around that.  Of course, shitcoins want to hang onto bitcoin's coattails, because they know that bitcoin is having the upcoming upwards price pressures that are associated with the halvening.... and I am surely not going to either presume to know with any amount of certainty if there is going to be correlation with bitcoin or even correlation amongst the shitcoins, even though I still find Dan Hedl's tweet to be quite humorous in a quippy kind of way.