Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13303. (Read 26732292 times)

Odds are looking pretty low at the moment, perhaps less than 15%?  Or is that too bearish?

We gotta get above a few pretty strong resistance points, especially between $10k and $17k.... Probably if we were able to get above $17k, then we have pretty decent chances of breaking above previous ATH from there... By the way, I am also reading your €25k as a value of about $28k, since we are talking dollars in this thread, not European funny money.    .... so yeah, once we get above the previous ATH of $19,666, then probably we will be able to get into the sub $30k territory before meeting some resistance, perhaps?

Am referring to the first rejection in 2017.

It crashed big after the Winklevoss one and may have held up just because of optimism for this one.

Puny! These are more fun.

https://twitter.com/bitmexrekt

Just like the first Winklevoss rejection, right?

It's similar to the Silk Road auctions. The first was the big scary boogeyman. The latter ones no one gave a fuck.

Each rejection makes it clearer and clearer that any ETF is not going to pass. At this point you'd have to be a prize dimwit to expect one to get through.

Hahahhahahahahahahahahahahahahahahahaha that's a good one.

You weren't serious right? If it gets denied on the 30th we're going down another 50%.

Good so can we move on with the dwarf-juggling.

You are correct that 10-15 coins should serve as a pretty decent base stash of BTC into the future, and perhaps even a 5-10 year time line, 10-15 coins should hold a real decent value, perhaps $100k per does not seem unrealistic in that kind of 5-10 year time frame, if not sooner.

I have been considering another hypothetical way to get someone started in bitcoin.

Let's try to make some round and realistic numbers, and suggest that a person can reasonably (without stressing his/her finances) get a hold of $12k to invest in BTC in the next 8 months.  Some of that would be coming from expected extra cash flow, and the other part from savings or moving over from other investments.

How would you invest?

My recommendation would be to divide it into 1/3rds ... and therefore, pretty much the 1st 1/3 = $4k would be invested more or less immediately, the 2nd 1/3 would be dollar cost averaged over the 8 months (therefore $500 per month - or even $125 per week), and the last 1/3 would be attempting to strategize and to buy on dips... The buying on dips might be the most complicated formula to work out, but perhaps having a plan to buy $500 if the price goes below $5700, and then in $500 increments, and if the price actually does dip lower and faster to tweak the plan from there so you never run out of money to buy on dips (AKA BTFDs).  If the price goes up, instead of down, the plan to buy on dips can be tweaked too.. but there should always be a plan to NOT run out of "buy on dip" money. 

After 8 months (or even perhaps 6 months) you can reassess the situation and decide whether to allocate more money to each of the categories or just to let your investment ride.  Another concern would be what is your overall goal?  Do you want to invest 1% or 10% or some other portion of your overall investment capital.  I don't think that it is prudent to attempt to accomplish that goal in the first 8 month period, but perhaps achieving such goal in a second 8 month period seems reasonable... furthermore establishing and following an investment plan for 16months in bitcoin would like put you in the category of bitcoin OG at the end of such period.. while, hopefully you are studying the subject during your approximately 16month initial investment period (or some other period that reasonably fits your personal style, finances and life circumstances.

https://www.coindesk.com/sec-rejects-7-bitcoin-etf-proposals/

The same wordings for each rejection. And I don't think the Vaneck thing can do anything different to address this gripe. The whole ETF concept just isn't going to fly for a decent amount of time.

There will always be people selling at the bottom.

And now the shorters hoping for a dump will get Rekt hahaha that would be delicious.

People no longer care about the ETF thing. I do not think it will have much effect on the price.

By then, but it could be denied/allowed/delayed before then.
At a time to suit them. Not us.

Will be interesting if it is approved but I'm not holding my breath.

Darth Dildo

Supposedly this one is the only one that ever really had a real shot at passing and it is very likely to.

I'm expecting much of the same from this one.

The most important ETF (CBOE + VanEck SolidX) will be on September 30th

Are there any other ETFs waiting for approval or is this the lot ?