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

[dieselmeister]

no...wrong direction ... up, up, up...

[d_eddie]

no...wrong direction ... up, up, up...

Let her take some breath ffs!  

[dieselmeister]

The finance world is stirring with news, fake news, hints and innuendos. Interesting times indeed.

SEC Commissioner Peirce Says Market Is Ready for a Bitcoin ETP

U.S capital markets are ready for a bitcoin exchange-traded product, U.S. Securities and Exchange Commissioner Hester Peirce said on CoinDesk TV Thursday.

• The regulator playfully known as "crypto mom" said people are already eager to trade a bitcoin ETP, "and so if we don’t give them the natural way, which I think would be an ETP, they are going to look for other (less optimal) ways to do it."
• Peirce also pushed back in her interview against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing. She cast doubt on the size of the alleged problem and insisted there was no way to ban bitcoin outright.
• Pierce said she looks forward to working with SEC chairman nominee Gary Gensler once the former MIT digital currency professor is confirmed by the Senate.

Oh well. NOW that the cat is out of the bag, they could be ready for an ETF/ETP. Just when we feel we don't need it any more.

An ETF/ETP could be an additional way for mainstream finance to manipulate the price. Imagine the fun they could have with naked shorting.

I suggest writing to our representatives suggesting the time is ripe blah blah, protect the small investors from shady exchanges blah blah, BUT only if the ETF/ETP is payable in kind only. No paper, just plain underlying sweet bitcoin. Let anybody try to short the corn then. They'll learn what a honey badger does when badgered.

I am with you. It should only allowed to emit "backed" ETF's...

[hisslyness]

The finance world is stirring with news, fake news, hints and innuendos. Interesting times indeed.

SEC Commissioner Peirce Says Market Is Ready for a Bitcoin ETP

U.S capital markets are ready for a bitcoin exchange-traded product, U.S. Securities and Exchange Commissioner Hester Peirce said on CoinDesk TV Thursday.

• The regulator playfully known as "crypto mom" said people are already eager to trade a bitcoin ETP, "and so if we don’t give them the natural way, which I think would be an ETP, they are going to look for other (less optimal) ways to do it."
• Peirce also pushed back in her interview against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing. She cast doubt on the size of the alleged problem and insisted there was no way to ban bitcoin outright.
• Pierce said she looks forward to working with SEC chairman nominee Gary Gensler once the former MIT digital currency professor is confirmed by the Senate.

Oh well. NOW that the cat is out of the bag, they could be ready for an ETF/ETP. Just when we feel we don't need it any more.

An ETF/ETP could be an additional way for mainstream finance to manipulate the price. Imagine the fun they could have with naked shorting.

I suggest writing to our representatives suggesting the time is ripe blah blah, protect the small investors from shady exchanges blah blah, BUT only if the ETF/ETP is payable in kind only. No paper, just plain underlying sweet bitcoin. Let anybody try to short the corn then. They'll learn what a honey badger does when badgered.

I hope they learnt a lesson with GameStop!

[d_eddie]

I hope they learnt a lesson with GameStop!

I doubt it. Apparently Congress showed more interest in hearing the guy called DeepF_Value (the reddit poster who started it all) rather than shedding light on the shit that went on between RobinHood and one or more clearing houses.

[AlcoHoDL]

Some audio-visual stimulation while we wait for 40k €:

Delerium - Flatlands

Clip is not official (it's taken from The Chemical Brothers), but matches the music perfectly. Holly Weston is a beauty.

[hisslyness]

Uber is also now considering accepting Bitcoin.

Domino effect in play right here.

Sit back, relax and enjoy getting rich while chilling at the sidelines. You deserved it!

Imagine Uber being a LN hub! or integrating LN directly on their apps. Instant Bitcoin transfer! What an amazing time to be alive!

[Biodom]

Fully diluted,we are above $1tril-a fine achievement.
Next stop-$1 tril using currently issued (~$53-54K).

[rolling]

I hope they learnt a lesson with GameStop!

I doubt it. Apparently Congress showed more interest in hearing the guy called DeepF_Value (the reddit poster who started it all) rather than shedding light on the shit that went on between RobinHood and one or more clearing houses.

Exactly, basically Robinhood got margin called for 3 Billion even though most of the buyers on Robinhood were cash buyers and nearly every position on Robinhood was in profit at the time.

The clearinghouse is working for the hedge funds and margin called the wrong side of the trade. Will this fact make it to congress and will they do anything about it? No.

[Dabs]

I hope they learnt a lesson with GameStop!

I doubt it. Apparently Congress showed more interest in hearing the guy called DeepF_Value (the reddit poster who started it all) rather than shedding light on the shit that went on between RobinHood and one or more clearing houses.

He wasn't even one of the earliest guys to buy in. He got in 2019 or so. Some other guy has been holding GME since 2017 (but did end up selling above $300 or $420 I believe, he said).

As for ETFs, following Grayscale or QBTC (3iQ Corp), no fund in their right mind would launch without holding either 100% or more of the underlying (which is BTC.) By more, I would say they could have 99% and some extra cash, but probably hold 120% in BTC and only issue 100% of the shares or something like that. In any case they can copy the existing funds and what they're doing.

[dieselmeister]

no...wrong direction ... up, up, up...

Let her take some breath ffs!  

[hisslyness]

I hope they learnt a lesson with GameStop!

I doubt it. Apparently Congress showed more interest in hearing the guy called DeepF_Value (the reddit poster who started it all) rather than shedding light on the shit that went on between RobinHood and one or more clearing houses.

Exactly, basically Robinhood got margin called for 3 Billion even though most of the buyers on Robinhood were cash buyers and nearly every position on Robinhood was in profit at the time.

The clearinghouse is working for the hedge funds and margin called the wrong side of the trade. Will this fact make it to congress and will they do anything about it? No.

Never! Too much political donors involved! They will never bite off the hand that feeds them. Misdirection in play, blame the other guy to shift the light from the cluster fuck that they created!

[savetherainforest]

no...wrong direction ... up, up, up...

mofo... I did say like 2-3 pages ago... next 24 hours is sideways!

[dieselmeister]

no...wrong direction ... up, up, up...

mofo... I did say like 2-3 pages ago... next 24 hours is sideways!

1000$ loss ... bear market is comming ...

[Biodom]

Again, bitcoin is cool and solid, but the rest are overheating like crazy in complete fever.
To me this looks like a setup for a nice dump. Maybe btc gets to 50-60K area before the dump, then at least 20% decline, which would basically bring us back to where we are now or even slightly below.

Shitcoins should drop at least 40-70%, though. I don't want to name names, but many are 100-400% up in the last 7 days. Ridiculous.
For example see nicely engineered dump in overheated pot stocks today. -30% on the open on no news, just to "balance" things out.

[savetherainforest]

no...wrong direction ... up, up, up...

mofo... I did say like 2-3 pages ago... next 24 hours is sideways!

1000$ loss ... bear market is comming ...

Well... it will just go zZig-Zag for a few days up & down & up & down.
Probably price discovery needs to take place after the news of the Tesla big buy was taken into account and the supply needs to be tested to see how dry or high it is.    

[hisslyness]

Does anyone have the list of WO members that need to be woken up at 50K?

So far i remembered..

OutOfMemory
BobLawblaw

[BobLawblaw]

Does anyone have the list of WO members that need to be woken up at 50K?
...
BobLawblaw

Not selling at $50k. Decided we don't have any reason to, even on principle. Rick and I both have enough fiat set aside to last us comfortably for the rest of our unnatural lives.

Decided we're going to sell another mil when we're ready to start building on the ranch. The weather turned to shit overnight, so I suspect that's going to delay the engineering survey for possibly two weeks, but we are remaining patient, and not in a hurry to get the deal done.

Due diligence on a land deal the size we are considering is nontrivial. The agent repping us even commented "I've never worked on a deal this large for personal use"

[Sayeds56]

Very Entertaining video.

[hisslyness]

Does anyone have the list of WO members that need to be woken up at 50K?
...
BobLawblaw

Not selling at $50k. Decided we don't have any reason to, even on principle. Rick and I both have enough fiat set aside to last us comfortably for the rest of our unnatural lives.

Decided we're going to sell another mil when we're ready to start building on the ranch. The weather turned to shit overnight, so I suspect that's going to delay the engineering survey for possibly two weeks, but we are remaining patient, and not in a hurry to get the deal done.

Due diligence on a land deal the size we are considering is nontrivial. The agent repping us even commented "I've never worked on a deal this large for personal use"

Wow!.. make sure you enjoy it! you have bloody earned it!

i couldn't pull the trigger on the lambo the other! really enjoying watching the cost in bitcoin come down...