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

[N12]

Winklevosses, Draper, Horrowitz, Wilson, the list goes on and on and only serves to show: The establishment in Silicon Valley is already on board of Bitcoin, and they will never allow the price to get too low (long-term) as long as they haven't cashed out yet. If they wanted, they already have not only the financial but the legal means to prevent new lows. It's completely legal to manipulate Bitcoin prices.

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[tarmi]

manipulate this>

Total sum of active swaps

21,158,120.81 USD

[JorgeStolfi]

And during the eons, [ W3C ] have spat out overengineered, underspecified, inconsistent standards that take years to resolve by practical application programmers and browser makers.

Indeed their record  has been "rather mixed" as another poster delicately put it.

But I don't know whether they are to blame.  There are some industries where standars work, others when they don't.  Why can't one put a Ford engine in a Chevrolet car?  Or use an HP cartridge in a Canon printer? Why can't one run a Unix binary on a Windows system, or correctly correctly edit a ".doc" file on Unix?  Why can't an identi.ca user receive tweets from a tweeter.com user?

In many of those industries, while users would benefit immensely from interoprability and compatibility, the suppliers profit more by "locking in users with incompatible, proprietary products.  Thus, instead of a free market, one has a bunch of monopoly markets, one for each supplier.

It depends on the nature of the market, I suppose.  Or on pressure by government, either through legislation/regulation of through its purchasing power.

[fonzie]

How many coins do the Winklis actually own? 200-500k?

200k(500k) * 500$ = 100 000 000  (250 000 000$) capacity.
200k(500k) * 1000$ = 200 000 000  (500 000 000$) capacity.

Not that much $ for an ETF IMHO.

[ChartBuddy]

Explanation

[FNG]

Winklevosses, Draper, Horrowitz, Wilson, the list goes on and on and only serves to show: The establishment in Silicon Valley is already on board of Bitcoin, and they will never allow the price to get too low (long-term) as long as they haven't cashed out yet. If they wanted, they already have not only the financial but the legal means to prevent new lows. It's completely legal to manipulate Bitcoin prices.

This. Once they fully place their bets on bitcoin infrastructure...setting a few 10's of millions aside to create demand is a no brainer

Market is still tiny.

[Kupsi]

How many coins do the Winklis actually own? 200-500k?

200k(500k) * 500$ = 100 000 000  (250 000 000$) capacity.
200k(500k) * 1000$ = 200 000 000  (500 000 000$) capacity.

Not that much $ for an ETF IMHO.

They have a little over 100k. When the ETF goes live they will need to buy coins at the open market to satisfy the demand of wall street

[brg444]

price seems very stable. in the next month there will be an opening of an etf and we will see a new bubble  . however, don't sell now.

How the ETF is going to push the price up ? Winklevoss already owns a shitload of coins that will be liquidating at that ETF, with this kind of really slow demand and with the amount of coins they own it will be a long time before anything could happen, them holding that shit load of coins is one of the reasons the price is still holding.


Beside, don't even mention wall street and this ETF until we see how the Bitlicence is going to look like, if it will be remotely close to what the regulators of NY state are aiming for, then you just kiss wall street and that ETF goodbye.

Exchange demand != actual demand

ETF also create gateway for unseen amount of investors liquidity the type of which has never had access to bitcoin before.

Also, the ETF does not depend on the BitLicenses to operate.

See, I think some of you don't even really read the whole post, demand is not going to effect the market for long time, because Winklevoss got a shitload of coins that needs to be liquidated.... and yes, the Bitlicense is going to effect this ETF if it is going to operate in New York... I wont even start with wall street.

I think some people are questioning your definition of "shitload" and "long time". They have over 1 million bitcoins, sure, which will be 5 million "shares" according to their filings. A lot of people think an ETF will bring in multiple millions of people into the market. Those 5 million shares won't last a "long time" if 2% of the US population says to throw one of those Bitcoin shares into my 401k. Sure that is hard to imagine, and borders on the absurd give the current state of things, but its just as valid a speculation as yours.

The Winklevoss actually own not much more than 100k coins I believe which is a drop in the ocean of liquidity made available by the ETF

[inca]

Its obvious that buyer are afraid of whale, while whale are in constant bear mode which mean they have constant influx of coin, this will not change until next halving. i guess

Guess again.

[brg444]

price seems very stable. in the next month there will be an opening of an etf and we will see a new bubble  . however, don't sell now.

How the ETF is going to push the price up ? Winklevoss already owns a shitload of coins that will be liquidating at that ETF, with this kind of really slow demand and with the amount of coins they own it will be a long time before anything could happen, them holding that shit load of coins is one of the reasons the price is still holding.


Beside, don't even mention wall street and this ETF until we see how the Bitlicence is going to look like, if it will be remotely close to what the regulators of NY state are aiming for, then you just kiss wall street and that ETF goodbye.

Exchange demand != actual demand

ETF also create gateway for unseen amount of investors liquidity the type of which has never had access to bitcoin before.

Also, the ETF does not depend on the BitLicenses to operate.

See, I think some of you don't even really read the whole post, demand is not going to effect the market for long time, because Winklevoss got a shitload of coins that needs to be liquidated.... and yes, the Bitlicense is going to effect this ETF if it is going to operate in New York... I wont even start with wall street.

The Winklevoss ETF is not a money transmitter. They don't fall under the BitLicenses regulation

[brg444]

Winklevosses, Draper, Horrowitz, Wilson, the list goes on and on and only serves to show: The establishment in Silicon Valley is already on board of Bitcoin, and they will never allow the price to get too low (long-term) as long as they haven't cashed out yet. If they wanted, they already have not only the financial but the legal means to prevent new lows. It's completely legal to manipulate Bitcoin prices.

This has been my thinking as well.

Not only can they prevent new low, they can also launch a new rally on a whim whenever it best fits their plans.

[N12]

They can reactivate Willy any time they choose.

[mmitech]

Winklevosses, Draper, Horrowitz, Wilson, the list goes on and on and only serves to show: The establishment in Silicon Valley is already on board of Bitcoin, and they will never allow the price to get too low (long-term) as long as they haven't cashed out yet. If they wanted, they already have not only the financial but the legal means to prevent new lows. It's completely legal to manipulate Bitcoin prices.

nah, these guys loses millions in order to make millions, they don't profit in every single investment they make, they allow a really good amount of failure chance before investing, even Marc Andreessen admitted it last time when he was asked " do you allow for the fact that you could be wrong about Bitcoin?"  you can watch his answer here

[iram3130]

Explanation

Thanks for the img , but I hope the  bitcoin price will raise by the end of this week ... ( I hope  ).

Its obvious that buyer are afraid of whale, while whale are in constant bear mode which mean they have constant influx of coin, this will not change until next halving. i guess

May be it's true, or may be another side, whale want to make base around 380.
Thats why they are trying to hold 380 price mark, when they start pushing upwards so 380 will b big support.

[gizmoh]

http://www.marketwatch.com/story/the-most-successful-market-timers-the-federal-reserve-2014-10-22

[findftp]

They can reactivate Willy any time they choose.

And that's why I'm a permabull longterm bagholder.
Too afraid to miss the train!

[inca]

Sure an ETF giving access to investors (for the first time) who want to dabble in bitcoin in a tax efficient way will have no effect upon the price. That multi trillion dollar capital reservoir is not going to increase the price whatsoever. It is priced in!

Bears hoping for bitcoin to collapse and a) get rich on the decline, b) buy back in lower, are sounding a little silly now with recently outed bitcoin investors being a who's who of Silicon Valley entrepeneurs and billionaires.

[brg444]

Winklevosses, Draper, Horrowitz, Wilson, the list goes on and on and only serves to show: The establishment in Silicon Valley is already on board of Bitcoin, and they will never allow the price to get too low (long-term) as long as they haven't cashed out yet. If they wanted, they already have not only the financial but the legal means to prevent new lows. It's completely legal to manipulate Bitcoin prices.

nah, these guys loses millions in order to make millions, they don't profit in every single investment they make, they allow a really good amount of failure chance before investing, even Marc Andreessen admitted it last time when he was asked " do you allow for the fact that you could be wrong about Bitcoin?"  you can watch his answer here

You don't understand the premise here. They can literally control this market at their whim.

It is not a coincidence that most major VCs are betting on Bitcoin. Of course the politically correct thing to say is they could be wrong but in the back of their head they have a pretty good sense that they're right.

Marc Andreesen also said they would be developing a 100 million dollar fund around Bitcoin/blockchain in the coming years. That doesn't appear to me like someone who truly thinks he could be wrong.

[stereotype]

Not only can they prevent new low, they can also launch a new rally on a whim whenever it best fits their plans.

Someone give them a call. Price action says they are needed pretty soon.

[brg444]

Not only can they prevent new low, they can also launch a new rally on a whim whenever it best fits their plans.

Someone give them a call. Price action says they are needed pretty soon.

One could suggest they are responsible for current price action.

Someone is not done accumulating at these cheap prices