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

[goldkingcoiner]

Damn...  

Wood.

[1714213662]

1714213662

[dragonvslinux]

To me, the SEC's heavy loss in court means an almost certain approval of ETF, no matter how much clown Gary doesn't like it. The SEC must be complete morons not to draw the following conclusions. In principle, they have several options.
1. Within the period of 45 days to appeal to the Supreme Court. There, the inevitable decision will be the same, which means more financial losses, so it is completely pointless.
2. They accept the court's decision, Grayscale files again, but the SEC refuses for another reason. There will be another case and the court will make the same decision again. SEC have already put forward all possible reasons for refusal and are unable to prove them.
3. The SEC revokes the futures approval and again gives a negative decision on Grayscale. There will follow a new case from the futures companies, which will inevitably prove to the court that there is no basis for this change in the SEC's decision. So again, SEC will be forced to approve both futures and spot ETF's.
4. The SEC vacates its order, Grayscale resubmits, and within a few months, Grayscale and everyone else gets approval. This is the only sensible solution for SEC.

I think either way we will know very soon the direction the SEC is looking to take on the issue of ETFs based on decisions in the coming days:

Friday Sept 1st: Bitwise
Saturday Sept 2nd: BlackRock, VanEck, Fidelity, Invesco and Wisdomtree
Monday Sept 4th: Valkyrie

Source

I'd say Saturday is the big one. Bitwise to get struck down like Greyscale, as they are crypto-based companies.

If any of the 2nd get approved there could be 3 days of straight bullishness leading into the 4th.

[philipma1957]

Damn...  

Morning Wood.

fixed this for at least me.

[cygan]

[johnsaributua]

comics its cute ..this sir?
knowledge about bitcoin and cryptocurency . Attractive price for stunning work.

[El duderino_]

So it was a nothingburger 

[Paashaas]

Delusional people are fooled again in another FAKE pump.

While September is bad for crypto expect more dumping.

[dragonvslinux]

Delusional people are fooled again in another FAKE pump.

While September is bad for crypto expect more dumping.

Don't think it was a "fake pump" per say. GBTC needed to lose 5% or so of it's discount, so Bitcoin followed suit, and is still losing another 1% ish discount today even.

There just wasn't much substance for any immediate bullish reversal. I imagine we'll float about until the ETF decisions come out, then make a decisive move with more information.

[fillippone]

Observing 27,145@stamp
Where am I?



Thirty minutes tailgating a white van following Waze (the bloke was on my same route apparently) in the middle of nowhere: trash on and dead animals on the side of the road…
All this to avoid some traffic before the inevitable:



Hope you appreciate the very Italian way of line-splitting.
Worst experience ever driving on the wrong side of the road.

[LoyceMobile]

Observing 27,145@stamp
Where am I?

In the past

[BitcoinGirl.Club]

Where am I?

In the car dummy LOL


Is she promoting bitcoin? Yes, she is. 😉

Edit

Observing 27,145@stamp
Where am I?

In the past

LOL
I swear I did not see what you wrote before making the post

[d_eddie]

Maybe I missed some key piece of info, but what's wrong with Buddy?

[d_eddie]

Buddy is away and can't show us the swift unbarting...

[fillippone]

Observing 27,145@stamp
Where am I?

In the past

I blame my shitty roaming connection.
Had to refresh a few time to get in touch with the sad reality. Thanks. Adding more misery to an already miserable day.

[ivomm]

To me, the SEC's heavy loss in court means an almost certain approval of ETF, no matter how much clown Gary doesn't like it. The SEC must be complete morons not to draw the following conclusions. In principle, they have several options.
1. Within the period of 45 days to appeal to the Supreme Court. There, the inevitable decision will be the same, which means more financial losses, so it is completely pointless.
2. They accept the court's decision, Grayscale files again, but the SEC refuses for another reason. There will be another case and the court will make the same decision again. SEC have already put forward all possible reasons for refusal and are unable to prove them.
3. The SEC revokes the futures approval and again gives a negative decision on Grayscale. There will follow a new case from the futures companies, which will inevitably prove to the court that there is no basis for this change in the SEC's decision. So again, SEC will be forced to approve both futures and spot ETF's.
4. The SEC vacates its order, Grayscale resubmits, and within a few months, Grayscale and everyone else gets approval. This is the only sensible solution for SEC.

I think either way we will know very soon the direction the SEC is looking to take on the issue of ETFs based on decisions in the coming days:

Friday Sept 1st: Bitwise
Saturday Sept 2nd: BlackRock, VanEck, Fidelity, Invesco and Wisdomtree
Monday Sept 4th: Valkyrie

Source

I'd say Saturday is the big one. Bitwise to get struck down like Greyscale, as they are crypto-based companies.

If any of the 2nd get approved there could be 3 days of straight bullishness leading into the 4th.

I expect the decision to be announced for all of them on Friday after markets close, as usual. Normally, I would bet that there will be another delay. But there is a small possibility for the SEC to come to their senses and wave the white flag. Anyway, the good news is that insitutional money are coming after all. So, we have really the last chance to grab cheap coins before the big money arrive. I'm reconsidering my decision to buy a real estate with a morthage loan, and instead postpone it, and continue to DCA for the next couple of months at least. Seeing the price today it reminds me of the previous bear markets. Traders were happy to make stop losses or pennies at best, while one year later they would have made 15x by DCAing. So, with or without an ETF provoked pre halving bull run, the simple math proves that 100K won't be a challenge for long. Especially if proudhon reappears and makes a post that bitcoin price will never surpass 30K, proven by math and science 

[El duderino_]

Delusional people are fooled again in another FAKE pump.

While September is bad for crypto expect more dumping.

Could be or could be different 

[jbreher]

I am not sure how many shits can be given about the 200-day moving average, but the same statement about closing higher than seems to be true in regards to the 200-week moving average too,

I think the 208-week MA is worth giving quite a few shits over. Always has. May it ever be so.

[jbreher]

I'd also say no. Approvals are usually bullish for price until product launch date, while the launches themselves have always been bearish.

Well, other than the GLD ETF approval of course.

How analogous last millennia's hard store of value money is to this improved hard store of value money -- and thereby the associated ETFs -- might be a matter of discussion.

[JayJuanGee]

Original Image
1BTC=27,242 USD
Observing price movement.
Last this weekend nice summer.

Are you trying to tell us that u be a girl -  Negotiation?

 

I am not sure how many shits can be given about the 200-day moving average, but the same statement about closing higher than seems to be true in regards to the 200-week moving average too,

I think the 208-week MA is worth giving quite a few shits over. Always has. May it ever be so.

Aren't you coming out a swinging.

What's got the picnic bear all crumpling?

[eXPHorizon]

Original Image
1BTC=27,242 USD
Observing price movement.
Last this weekend nice summer.

Are you trying to tell us that u be a girl -  Negotiation?

 

Correct. She do be do that 😁