Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1351. (Read 26723899 times)
January 11, 2024, 09:15:40 AM
January 11, 2024, 09:13:10 AM
15 years since the first tweet about Bitcoin by the legendary cypherpunk @halfin
Bitcoin makes its mainstream finance debut on the same date with 11 Bitcoin ETFs listing this today.
Still BTC running
Bitcoin makes its mainstream finance debut on the same date with 11 Bitcoin ETFs listing this today.
Still BTC running
January 11, 2024, 09:01:16 AM
January 11, 2024, 08:51:47 AM
BitcoinMagazine
NEW: BlackRock graph showing how #Bitcoin is the world's best-performing asset.
The herd is here 💥
https://x.com/bitcoinmagazine/status/1745440744322535651
January 11, 2024, 08:39:45 AM
errr
when moon?
guys?
lol mediocre
when moon?
guys?
lol mediocre
After the gold ETF was accepted it took 300 days to liftoff. Bitcoin will do it faster 😀
January 11, 2024, 08:26:20 AM
errr
when moon?
guys?
lol mediocre
when moon?
guys?
lol mediocre
January 11, 2024, 08:01:18 AM
January 11, 2024, 07:43:59 AM
Although, even breaking 48k would be a nice touch.
BTC Now $47,306.
BTC Going to touch $48k very soon.
January 11, 2024, 07:36:37 AM
When to many ETF's are never enough, Australian ASX to have its own ETF this year.
ASX set to approve its first Bitcoin ETF by mid-2024.
https://www.news.com.au/finance/markets/world-markets/bitcoin-etfs-approved-in-us-asx-to-follow/news-story/bf27f132eeb00375196985d53a1c5fc8
ASX set to approve its first Bitcoin ETF by mid-2024.
https://www.news.com.au/finance/markets/world-markets/bitcoin-etfs-approved-in-us-asx-to-follow/news-story/bf27f132eeb00375196985d53a1c5fc8
January 11, 2024, 07:29:45 AM
No one ever asks the real question : "Why now?"
So, why now?
In an ever-increasing Ponzi world where all corporations are now zombie entities on the verge of collapse, and wealthy elites and financial institutions have nowhere left to run (with their money) for hedge and protection, a new "where" must be endorsed to run to.
In just 14 years they've moved from scoffing and laughing at bitcoin, to embracing and institutionalizing it. And they never wanted to embrace it.
So why now?
Because yes, now, it's gotten that bad.
January 11, 2024, 07:27:25 AM
Looks like a lift off is brewing...
I see that too. On one hand I don't expect BTC to break previous ATH until after halving. Although, even breaking 48k would be a nice touch.
On the other... how exciting would that be to break a new ATH even before the halving this bull run... lots of "this is uncharted territory" posts if that happens.
I'd be OK with breaking and staying above $48-$49k until halvening too, but as we know from the past, FOMO will exaggerate a bit more than last cycle, so i also take higher prices (pre Halvening) into account. No matter what, i'm hodling, though i do consider to set up some minor laddering sells for only the next three months above last ATH to buy back moar. In theory...
January 11, 2024, 07:15:18 AM
Looks like a lift off is brewing...
I see that too. On one hand I don't expect BTC to break previous ATH until after halving. Although, even breaking 48k would be a nice touch.
On the other... how exciting would that be to break a new ATH even before the halving this bull run... lots of "this is uncharted territory" posts if that happens.
January 11, 2024, 07:06:54 AM
Looks like a lift off is brewing...
January 11, 2024, 07:01:21 AM
January 11, 2024, 06:54:47 AM
I think market, again, might have surprised most participants. Many expected a huge pump / dump upon approval. But we went sideways.
And instead of BTC price action shitcoins started pumping. funny how that works.
Market is waiting for the Twitter message from SECGov.And instead of BTC price action shitcoins started pumping. funny how that works.
Fake ETF Approval message at Twitter -> green candle
No message at Twitter -> sideways
Besides, when someone says the following, it doesn't really encourage the market (investors) who still respect the opinion of people like Gensler.
"We did not approve or endorse bitcoin," Gensler said. "Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto."
In fact, he said that bitcoin "is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion and terrorist financing."
And Gensler sought to make it clear that these ETF sign-offs don't pave the way for any further action from the U.S. securities regulator.
"It should in no way signal the commission’s willingness to approve listing standards for crypto asset securities," he said. "Nor does the approval signal anything about the commission’s views as to the status of other crypto assets under the federal securities laws or about the current state of non-compliance of certain crypto asset market participants with the federal securities laws."
In fact, he said that bitcoin "is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion and terrorist financing."
And Gensler sought to make it clear that these ETF sign-offs don't pave the way for any further action from the U.S. securities regulator.
"It should in no way signal the commission’s willingness to approve listing standards for crypto asset securities," he said. "Nor does the approval signal anything about the commission’s views as to the status of other crypto assets under the federal securities laws or about the current state of non-compliance of certain crypto asset market participants with the federal securities laws."
He knows he is still getting fired whether he approved it yesterday or not.
That is a given at this point.
Since the hack and having egg on his face since they were the ones toting high level of security when they offered none for their own property and breach of operations via an outside source is appaling at any level he wants to swing this or spin it.
He f0rKed up so now his neck is on the line for this one.
Thanks spot BTC ETF on finally being the last nail in the coffin for this absolute clown and out of our lives forever.
January 11, 2024, 06:01:16 AM
January 11, 2024, 05:57:08 AM
I think market, again, might have surprised most participants. Many expected a huge pump / dump upon approval. But we went sideways.
And instead of BTC price action shitcoins started pumping. funny how that works.
And instead of BTC price action shitcoins started pumping. funny how that works.
Market is waiting for the Twitter message from SECGov.
Fake ETF Approval message at Twitter -> green candle
No message at Twitter -> sideways
Perhaps the point is that the official attitude towards Bitcoin has not generally changed when it comes to the SEC (Gensler), but as he himself says, the approval of the spot BTC ETF is actually the result of the fact that they were forced to do so due to the court decision in the case of the Grayscale lawsuit which they lost.
Besides, when someone says the following, it doesn't really encourage the market (investors) who still respect the opinion of people like Gensler.
"We did not approve or endorse bitcoin," Gensler said. "Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto."
In fact, he said that bitcoin "is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion and terrorist financing."
And Gensler sought to make it clear that these ETF sign-offs don't pave the way for any further action from the U.S. securities regulator.
"It should in no way signal the commission’s willingness to approve listing standards for crypto asset securities," he said. "Nor does the approval signal anything about the commission’s views as to the status of other crypto assets under the federal securities laws or about the current state of non-compliance of certain crypto asset market participants with the federal securities laws."
In fact, he said that bitcoin "is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware, money laundering, sanction evasion and terrorist financing."
And Gensler sought to make it clear that these ETF sign-offs don't pave the way for any further action from the U.S. securities regulator.
"It should in no way signal the commission’s willingness to approve listing standards for crypto asset securities," he said. "Nor does the approval signal anything about the commission’s views as to the status of other crypto assets under the federal securities laws or about the current state of non-compliance of certain crypto asset market participants with the federal securities laws."
January 11, 2024, 05:55:44 AM
At what time point does the ETF providers have to buy or sell Bitcoin from the market?
What I mean is: If an investor wants to buy 25 BTC now, the 25 BTC will not be bought from the market right now. This is because each provider already has a certain supply of BTC, the initial supply (which is also the reason why the price will not rise immediately). But at some point they will have to update their cash book. But when? Half a year?
What I mean is: If an investor wants to buy 25 BTC now, the 25 BTC will not be bought from the market right now. This is because each provider already has a certain supply of BTC, the initial supply (which is also the reason why the price will not rise immediately). But at some point they will have to update their cash book. But when? Half a year?
The market makers will have to buy spot pretty regularly to not let the spread widen too much. I expect more of an hourly/daily adjustment of the underlying assets, depends a lot on liquidity inflow.
Coinbase volume could act as a good indicator.
January 11, 2024, 05:32:47 AM
At what time point does the ETF providers have to buy or sell Bitcoin from the market?
What I mean is: If an investor wants to buy 25 BTC now, the 25 BTC will not be bought from the market right now. This is because each provider already has a certain supply of BTC, the initial supply (which is also the reason why the price will not rise immediately). But at some point they will have to update their cash book. But when? Half a year?
What I mean is: If an investor wants to buy 25 BTC now, the 25 BTC will not be bought from the market right now. This is because each provider already has a certain supply of BTC, the initial supply (which is also the reason why the price will not rise immediately). But at some point they will have to update their cash book. But when? Half a year?
January 11, 2024, 05:22:53 AM
BREAKING: BlackRock's $IBIT BTC ETF is already up 25% in pre-market trading
Billions in new inflows incoming
Breaking : Greyscale's Bitcoin ETF Makes First Pre-Market Trade on NYSE!
😎🍿
Billions in new inflows incoming
Breaking : Greyscale's Bitcoin ETF Makes First Pre-Market Trade on NYSE!
😎🍿
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