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

[Fatman3001]

CNBC report on the Bitwise ETF:

https://www.youtube.com/watch?v=h8FSrq-X1Ms

I seriously doubt that it will be approved. Nothing has changed with the market since the other denials.

Remember SEC made public on their webpage a presentation from Bitwise. Signals signals...

and btw, FU (nothing personal)

I hope you're right. If so I might raise my target.

[El duderino_]

^
Keep up building

[fillippone]

It's curious, due to its low correlation, Bitcoin can substantially increase the portfolio with traditional assets.

Correlation (2/1/2012  7/31/2019)


Source: https://bitcoinist.com/bitcoin-has-potential-to-boost-investment-portfolio-returns-vaneck-says/

Nothing new here
High volatility and low correlation is a magical recipe for any portfolio manager.
Fillippone told you so a while ago:
 Extracting stable positive return from high-volatile asset.HF recipe made simple

[jbreher]

And as far as BSV is concerned, well let's not. Its been proven an outright scam by this point and there's nothing left to be said.

Defend your statement. In what way is BSV -- the blockchain, the payment system, and the protocol -- a scam?

Don't try to make this an argument of semantics when you know full well what I'm referring to. That's weak sauce.

Get real. I am merely responding to your literal fucking words. If you don't mean to imply that BSV itself is a scam, then don't say "as far as BSV is concerned, well let's not. Its been proven an outright scam". Because that would be lying, you conniving bastard. And lying is scammy behavior. Should we all tag you now?

Defend your statement. Or retract it. Any other path forward for you would be dishonorable.

They presented it too much as the true Bitcoin, creating confusion. Also people involved are generally shady with low ethics.

'They' is people. 'They' is not BSV. BSV is a coin, a blockchain, a payment system, and a protocol.

There have been (and continue to be) innumerable scammers in BTC. Does that make BTC itself a scam? No.

Is it too much to ask for equal application of standards? No.

Incidentally, why you feel you need to gang in on nutildah's behalf is puzzling. Is he floundering too badly from a logic standpoint so as to threaten your comfortable religiousity?

[abercrombie]

ETF decision (drum roll) REJECT rule change        https://www.sec.gov/rules/sro/nysearca.htm

[rolling]

ETF decision (drum roll) REJECT rule change       https://www.sec.gov/rules/sro/nysearca.htm

So, basically, 95% of the Bitcoin market is fake volume and/or unregulated and therefore it is not possible to monitor the market for manipulation. Also, that 95% can't be separated from the real 5% in a reliable way that prevents the fake/unregulated/manipulated exchanges from affecting the price of the real exchanges and therefore, the ETF is denied.  

Based on that, i don't see how it will ever be approved.

[d_eddie]

Buulllllsshhheeeet. 


I thought you were pulling my leg and wasted 20 minutes looking for rude gifs. 

And then I thought to actually check my profile.   Dammmm. 

I guess I can sit at the big boys table now. 

I said as much just a couple days ago - "the last merit I can award to nonlegendary Hairy".
Long overdue if you ask me.
GRATZ!

Thanks man.  But how did you know ?

You had 966 activity. It is known new activity points come each other Wednesday (just a few days after that post). Assuming the random threshold activity to be equally distributed between 775 and 1030, I turned my probe beam to full power. SOMA analysis did the rest.

[Fatman3001]

ETF decision (drum roll) REJECT rule change        https://www.sec.gov/rules/sro/nysearca.htm

Yeay!!! I was right



wait...



that means I lose money...

[_javi_]

reject and we are not dumping 

go Honey Badger, go!

[Fatman3001]

ETF decision (drum roll) REJECT rule change       https://www.sec.gov/rules/sro/nysearca.htm

So, basically, 95% of the Bitcoin market is fake volume and/or unregulated and therefore it is not possible to monitor the market for manipulation. Also, that 95% can't be separated from the real 5% in a reliable way that prevents the fake/unregulated/manipulated exchanges from affecting the price of the real exchanges and therefore, the ETF is denied.  

sounds about right

Based on that, i don't see how it will ever be approved.

well.... maybe..... I mean.....

They'll probably view it differently once Bitcoin starts carving out its space in the financial system

This is uncharted waters, even for the SEC.

[JL0]

reject and we are not dumping  

go Honey Badger, go!

We are Pumping   and maybe we get above the 200MA

[Fatman3001]

https://www.coindesk.com/sec-rejects-bitwises-latest-bitcoin-etf-proposal

[JayJuanGee]

Yo Bob! Maybe you'll be able to solve your cashing out dilemma soon? JJG's advice seems pretty spot on to me: little anxiety, no pain.

I have JJG on ignore for reasons mostly dealing with maintaining my sanity. Did not read his opinion. Still hmming and hawing about a small selloff at $10k, but leaning towards HOLDing through to the New Year, at least. Looking to sell a small chunk (<25 BTC) more in line with Rick officially retiring sometime mid-late 2020.

Realized I didn't REALLY need the extra cash right now, as I have enough liquid already - should I need it, and no sense topping off our home account before corn moons some more.

Back to HODLing.

Ah... pity for the ignore. He tailored a loving post just for you. It contained solid averaging advice.

Whoops... embarassingly, you, d_eddie, are pointing out overlooked too muchie "lovingly" error of mine... I forgot (subconsciously perhaps?) to type "no homo"  Fuck my life (Fml)!!!!  Sucks to be me.

What are quasi-purported respectable WO peeps and teams going to think, including Blawb (and hopefully partner no is vengeful jealous type)?

I am gathering myself in reflection of this happening, and I have discretionarily concluded that I am going to exercise some self-restraint, and actually leave that earlier post "as is" - even if it could cause some possible misunderstandings, ones that hopefully never have to be actually explored outside of this here fictitious interwebs/tubes location - aka NOT explored in the IRL world.

[goldkingcoiner]

https://www.coindesk.com/sec-rejects-bitwises-latest-bitcoin-etf-proposal

[JayJuanGee]

Looks like we might see some action to $8719.55 if we break $8487.35

    Those numbers    

I prefer $18,719 damn it!

I personally believe that we are going to have some resistance at about $17,234.56... give or take $107.32.  In other words, $18,719, from my limited SOMA^tm perspective, is quite a bit further out of reach as compared with sub $17,127.24 - $17,341.86 BTC prices (that is  - give or take my earlier approximate give or take).  

[goldkingcoiner]

Looks like we might see some action to $8719.55 if we break $8487.35

    Those numbers    

I prefer $18,719 damn it!

I personally believe that we are going to have some resistance at about $17,234.56... give or take $107.32.  In other words, $18,719, from my limited SOMA^tm perspective, is quite a bit further out of reach as compared with sub $17,127.24 - $17,341.86 BTC prices (that is  - give or take my earlier approximate give or take).  

I am hoping for a bear trap with an RSI swing rejection at $7241.16 towards the new lower top of $12930.11 

[xhomerx10]

I've got a bottle of palinca de pruna from Emil Florescu - Comuna Cuca - Jud Arges which I still haven't tried.  I bought it for all of the medical benefits listed on their brochure - a balm for the heart - is what really sold me on it

All good spirits are a balm for the heart  

I had to search on the internet for this product, that region doesn't really have a tradition in making palinca. Palinka is a Hungarian word after all and Arges county was not under Habsburg empire. (And there are quite some tricks to make it strong without destroying its taste, I don't know if this guy knows them or not.) The regions with real tradition and known for good palinca are Salaj county, Bihor county and Maramures county.

I've drank maybe over 100x more palinca than vodka in my life and unfortunately there are too many vendors that sell crap   just because 75% of the buyers don't drink it or just cannot feel the taste anyway because of the high alcohol content. Also some just sell weaker drink (tuica) as palinca.
However, whenever you decide to drink it, let me know how it was. I hope it is indeed a balm for the heart.

Edit:

 Haha!  I feel as if I'm in Romania just looking at the image you posted.  Also, you reminded me that I have some alcohol that my wife's uncle gave me.  He told me it was from Zalau where they make it best.  The gifted alcohol is always in some sort of recycled plastic bottle; as you know Romanians don't like to waste anything.  I decant it into glass once I get home so I can save it for a long time.  So the alcohol uncle gave me I labelled "tuica" but it might actually be palinca.  The tuica from Emil Florescu was actually purchased in a glass bottle covered in raffia with a label attached and for sure it's tuica.  I might open it this year with our Thanksgiving dinner - I'll certainly let you know how it tasted.  

[legendster]

Can someone please tell me where the new dildo came from?

I mean is there a particular event that I missed or what? I woke up today dreading that BTC price might have touched $7200's again but it seems like since my absence of about 18 hours from the crypto world, the price has now reached $8600 and on the way to break $9k soon.

So, what changed?

Edit: I am not complaining. I just need to know.

[rdbase]

Can someone please tell me where the new dildo came from?

I mean is there a particular event that I missed or what? I woke up today dreading that BTC price might have touched $7200's again but it seems like since my absence of about 18 hours from the crypto world, the price has now reached $8600 and on the way to break $9k soon.

So, what changed?

Edit: I am not complaining. I just need to know.

Could be because of this news
https://bitcointalk.org/index.php?topic=5191388
China is a huge market and allowing binance to do p2p trading there could be the catalyst bitcoin price needed to start the bull run up to $9000 again.
It was allowed starting oct 9.
I dont see any other good crypto news which could of started this. Cause etf approval was snuffed out just as fast as it was announced.

[HairyMaclairy]

Buulllllsshhheeeet. 


I thought you were pulling my leg and wasted 20 minutes looking for rude gifs. 

And then I thought to actually check my profile.   Dammmm. 

I guess I can sit at the big boys table now. 

I said as much just a couple days ago - "the last merit I can award to nonlegendary Hairy".
Long overdue if you ask me.
GRATZ!

Thanks man.  But how did you know ?

You had 966 activity. It is known new activity points come each other Wednesday (just a few days after that post). Assuming the random threshold activity to be equally distributed between 775 and 1030, I turned my probe beam to full power. SOMA analysis did the rest.

I am concerned about the use of the terms probe beam and SOMA in close proximity