Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1353.

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: philipma1957 on January 10, 2024, 05:07:36 PM

Quote from: AlcoHoDL on January 10, 2024, 05:00:06 PM

Investors spooked by X "incident"?
ETFs priced-in?
"Buy the rumor, sell the news"?

I don't see much action (yet)... Tongue

the ETF is not priced in. but the 1/2 ing is priced in.

no one really knows what the etf will do to price.

Neither is priced in.

Of course, people know about the halvening and they know that the supply of new bitcoin will continue to be reduced until the year 2140, but still that is not priced in either, even though I get your point about the halvening being better known.. . but the efficient market hypothesis is incorrect when it comes to something like the halvening, especially since so many folks really do not know what is bitcoin, so don't get fooled by how much press bitcoin is getting in order to cause you to wrongly believe that people (and therefore the market) sufficiently knows what bitcoin is in order to sufficiently and adequately prepare for each of the time (every four years) that it's new issuance gets cut in half and little by little the squeeze is felt, which partially contributes the historically largest portion of the UPpity squeeze (and exponential price movement) tending to happen several months after the halvenings rather than before hand.. since if the halvening was really priced in then the BTC price would go up in anticipation of the halvenings rather than after their effects are more and more greatly felt.

Biodom

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Quote from: cmacwuz on January 10, 2024, 09:05:53 PM

Well times have changed from 2017 when I was furiously refreshing the page in the airport only to find Winklevoss ETF denial. Over the coming years the funds for these ETFs will slowly grow as bitcoin supply rate dwindles. Gary will be a sniveling footnote. And the US debt will exceed 100 trillion greenbacks.

This whole thing feels like the promotion at work that comes a bit late. Nice, we get legacy onramps, but what took so damn long Huh

yea, I feel that Winkelvoss twins were wronged in this.
This should have been approved at least in 2020 if not 2017.

cmacwuz

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Well times have changed from 2017 when I was furiously refreshing the page in the airport only to find Winklevoss ETF denial. Over the coming years the funds for these ETFs will slowly grow as bitcoin supply rate dwindles. Gary will be a sniveling footnote. And the US debt will exceed 100 trillion greenbacks.

This whole thing feels like the promotion at work that comes a bit late. Nice, we get legacy onramps, but what took so damn long Huh

Biodom

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of note..at 4pm bitcoin was $45385, which indicates GBTC NAV at $40.45.
GBTC closing price $40.50...the discount is gone...it could move to a premium in the next day or two, imho.

IMHO, Coinbase will push trading in s-tcoins because bitcoin trading on Coinbase would probably diminish now, although if ETF sponsors would source btc on Coinbase, maybe it would even increase, not sure which way it would go.

ChartBuddy

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xhomerx10

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Quote from: Richy_T on January 10, 2024, 07:45:01 PM

Quote from: philipma1957 on January 10, 2024, 07:01:18 PM

do you have him counting backwards? would be a nice and very unexpected surprise.

Some of his older posts may have evaporated.

Segwit? Pruned?

philipma1957

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'The right to privacy matters'

Quote from: bananaunana on January 10, 2024, 08:13:44 PM

Quote from: BitcoinBunny on January 10, 2024, 07:59:59 PM

I wonder if the SEC can use (technical) reasons to block ETFs based on other chains and to potentially kick those in the long grass for a far longer period of time.

Most shitcoins are nowhere near as decentralised as BTC (or completely not) and there often doesn't even seem to be an issue cap built in the currency or it is completely vague (exactly like with Eth).

BINGO, you've just uncovered that there's Bitcoin and then, there's Shitcoin.

Well I would think they may have trouble blocking scrypt as it is a long established set of P.O.W. coins. There are very few algo's that might be allowed.

bananaunana

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Quote from: BitcoinBunny on January 10, 2024, 07:59:59 PM

I wonder if the SEC can use (technical) reasons to block ETFs based on other chains and to potentially kick those in the long grass for a far longer period of time.

Most shitcoins are nowhere near as decentralised as BTC (or completely not) and there often doesn't even seem to be an issue cap built in the currency or it is completely vague (exactly like with Eth).

BINGO, you've just uncovered that there's Bitcoin and then, there's Shitcoin.

philipma1957

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'The right to privacy matters'

Quote from: BitcoinBunny on January 10, 2024, 07:59:59 PM

Quote from: OgNasty on January 10, 2024, 07:40:52 PM

Quote from: BitcoinBunny on January 10, 2024, 04:44:48 PM

"So you said the BTC ETFs got approved. So I will buy ETH, ok?!"

Roll Eyes

I can understand this from a trader’s perspective. It seems pretty obvious that an Ethereum ETF is going to happen down the line. I could see why traders would want to be there for the runup to that. You can almost tell how motivated by money someone is to be in crypto by whether their main holding is BTC, ETH, or SOL.

I wonder if the SEC can use (technical) reasons to block ETFs based on other chains and to potentially kick those in the long grass for a far longer period of time.

Most shitcoins are nowhere near as decentralised as BTC (or completely not) and there often doesn't even seem to be an issue cap built in the currency or it is completely vague (exactly like with Eth).

Perhaps the particulars don't matter, as long as they are on the likes of Coinbase?

they will try to block ETH and other pos coins.

Quote from: ?? on ??

Quote from: OgNasty on January 10, 2024, 07:40:52 PM

Quote from: BitcoinBunny on January 10, 2024, 04:44:48 PM

"So you said the BTC ETFs got approved. So I will buy ETH, ok?!"

Roll Eyes

I can understand this from a trader’s perspective. It seems pretty obvious that an Ethereum ETF is going to happen down the line. I could see why traders would want to be there for the runup to that. You can almost tell how motivated by money someone is to be in crypto by whether their main holding is BTC, ETH, or SOL.

I do not think it will happen. But I am just a soon to be 67 year old typing on a keyboard in NJ, USA.

So it is just a simple guess on my part.

ChartBuddy

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BitcoinBunny

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Far, Far, Far Right Thug

Quote from: OgNasty on January 10, 2024, 07:40:52 PM

Quote from: BitcoinBunny on January 10, 2024, 04:44:48 PM

"So you said the BTC ETFs got approved. So I will buy ETH, ok?!"

Roll Eyes

I can understand this from a trader’s perspective. It seems pretty obvious that an Ethereum ETF is going to happen down the line. I could see why traders would want to be there for the runup to that. You can almost tell how motivated by money someone is to be in crypto by whether their main holding is BTC, ETH, or SOL.

I wonder if the SEC can use (technical) reasons to block ETFs based on other chains and to potentially kick those in the long grass for a far longer period of time.

Most shitcoins are nowhere near as decentralised as BTC (or completely not) and there often doesn't even seem to be an issue cap built in the currency or it is completely vague (exactly like with Eth).

Perhaps the particulars don't matter, as long as they are on the likes of Coinbase?

Richy_T

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Quote from: BitcoinBunny on January 10, 2024, 07:51:33 PM

Quote

We are now faced with a new set of filings similar to those we have disapproved in the past. Circumstances, however, have changed. The U.S. Court of Appeals for the District of Columbia held that the Commission failed to adequately explain its reasoning in disapproving the listing and trading of Grayscale’s proposed ETP (the Grayscale Order).[1] The court therefore vacated the Grayscale Order and remanded the matter to the Commission. Based on these circumstances and those discussed more fully in the approval order, I feel the most sustainable path forward is to approve the listing and trading of these spot bitcoin ETP shares.
....

Though we’re merit neutral, I’d note that the underlying assets in the metals ETPs have consumer and industrial uses, while in contrast bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware,[4] money laundering,[5] sanction evasion,[6] and terrorist financing.[7]

While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.[8]

Translation: We wanted to continue to interfere in the private activities of citizens to keep our buddies in yachts and fancy cars but the judge is a HODLer.

BitcoinBunny

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Far, Far, Far Right Thug

Quote from: AirtelBuzz on January 10, 2024, 07:36:02 PM

Gary Gensler right now BTC

🥱🥱

Did you read his statement?

It sounds like he didn't want to do this at all. Actually I'm pretty sure this wouldn't have happened, had it not been for the court of appeals.

Quote

We are now faced with a new set of filings similar to those we have disapproved in the past. Circumstances, however, have changed. The U.S. Court of Appeals for the District of Columbia held that the Commission failed to adequately explain its reasoning in disapproving the listing and trading of Grayscale’s proposed ETP (the Grayscale Order).[1] The court therefore vacated the Grayscale Order and remanded the matter to the Commission. Based on these circumstances and those discussed more fully in the approval order, I feel the most sustainable path forward is to approve the listing and trading of these spot bitcoin ETP shares.
....

Though we’re merit neutral, I’d note that the underlying assets in the metals ETPs have consumer and industrial uses, while in contrast bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware,[4] money laundering,[5] sanction evasion,[6] and terrorist financing.[7]

While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin. Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.[8]

https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023

Richy_T

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Quote from: philipma1957 on January 10, 2024, 07:01:18 PM

do you have him counting backwards? would be a nice and very unexpected surprise.

Some of his older posts may have evaporated.

Richy_T

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Anticlimactic.

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Quote from: BitcoinBunny on January 10, 2024, 04:44:48 PM

"So you said the BTC ETFs got approved. So I will buy ETH, ok?!"

Roll Eyes

I can understand this from a trader’s perspective. It seems pretty obvious that an Ethereum ETF is going to happen down the line. I could see why traders would want to be there for the runup to that. You can almost tell how motivated by money someone is to be in crypto by whether their main holding is BTC, ETH, or SOL.

AirtelBuzz

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Gary Gensler right now BTC

🥱🥱

ChartBuddy

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philipma1957

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'The right to privacy matters'

Quote from: Richy_T on January 10, 2024, 06:28:39 PM

Quote from: philipma1957 on January 10, 2024, 04:12:45 PM

Good and buddy will get to pass me today on ETF day.

You sure about that?

do you have him counting backwards? would be a nice and very unexpected surprise.

Toxic2040

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....fifteen years later.... thanks Hal...again and again

-----------------------

the evening wall report

a big day despite Gensler's fat finger diversion on X no? Cheesy

after some early session volatility bitcoin is up... and currently trading near $46.8kish on rising volumes as the ETF's market finally gets the nod

remember...this is all still dip...a important fact to consider imho

some new med fibs for gawking at

dyor

4h

D

stronghands

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1353. (Read 26723861 times)