- ETF approval in January
Why January?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1467. (Read 26710175 times)
November 17, 2023, 06:00:30 PM
November 17, 2023, 05:21:18 PM
January 10th 2024 is the day the SEC will approve a raft of spot bitcoin ETF’s. Are you ready, do you have enough bitcoin?
@BritishHodl
So the SEC is choosing to require the #Bitcoin Spot ETF’s to use what’s known as “Cash Creates” mechanism.
This is BY FAR the best solution over the “in-kind” option to increase simplicity and increase regulatory oversight over un-regulata-ble worldwide #Bitcoin market.
As usual the Doom & Gloom Boomers are out in force citing “manipulation” when actually this method - the “cash creates” method as preferred by @GaryGensler is actually the one that’s better.
Imaging this, you have a sweet jar where you save your sweets, and your sweets are truly high in quality.
If you were going to maintain the quality of sweets in your jar, would you prefer that a) someone give you money, you go buy the specific sweets and put them in the jar for safe keeping. Or b) anyone can put sweets in the jar with you only being able to eye ball it as they’re putting them in your jar?
Of-course it’s A.
Well, that’s what cash creates is, it means as shares are bought, the authorised party gives the ETF provider cash, that provider is now responsible for acquiring the #Bitcoin using the properly regulated US channels - ie through @coinbase and then secure it for the shareholders.
Doing it the other way, ETF’s could go to OTC desks anywhere else in the world and acquire #Bitcoin from unregulated markets and try dump it into the ETF.
This way, all steps are US regulated.
The other way works with stocks and treasuries, which are all listed under US law, or some governable law, that’s not the case with #Bitcoin being a worldwide market.
It opens up a little more potential volatility in daily trading as the ETF is actively trading in the market as and when it receives cash.
It also allows for a time gap between cash insertion and #Bitcoin acquired.
This is normal with any ETF and the risks/volatility will be mitigated as per the prospectus of the ETF.
It’s amazing how far Doom & Gloom Boomers will go - I don’t like the @SECGov any more than the next #Bitcoin -er but this move is a move in the right direction to minimise fraud and manipulation in the market & keep everything governable.
Wake up and stop reading Doom & Gloom Boomer tweets.
https://x.com/britishhodl/status/1725632755772305687
@BritishHodl
So the SEC is choosing to require the #Bitcoin Spot ETF’s to use what’s known as “Cash Creates” mechanism.
This is BY FAR the best solution over the “in-kind” option to increase simplicity and increase regulatory oversight over un-regulata-ble worldwide #Bitcoin market.
As usual the Doom & Gloom Boomers are out in force citing “manipulation” when actually this method - the “cash creates” method as preferred by @GaryGensler is actually the one that’s better.
Imaging this, you have a sweet jar where you save your sweets, and your sweets are truly high in quality.
If you were going to maintain the quality of sweets in your jar, would you prefer that a) someone give you money, you go buy the specific sweets and put them in the jar for safe keeping. Or b) anyone can put sweets in the jar with you only being able to eye ball it as they’re putting them in your jar?
Of-course it’s A.
Well, that’s what cash creates is, it means as shares are bought, the authorised party gives the ETF provider cash, that provider is now responsible for acquiring the #Bitcoin using the properly regulated US channels - ie through @coinbase and then secure it for the shareholders.
Doing it the other way, ETF’s could go to OTC desks anywhere else in the world and acquire #Bitcoin from unregulated markets and try dump it into the ETF.
This way, all steps are US regulated.
The other way works with stocks and treasuries, which are all listed under US law, or some governable law, that’s not the case with #Bitcoin being a worldwide market.
It opens up a little more potential volatility in daily trading as the ETF is actively trading in the market as and when it receives cash.
It also allows for a time gap between cash insertion and #Bitcoin acquired.
This is normal with any ETF and the risks/volatility will be mitigated as per the prospectus of the ETF.
It’s amazing how far Doom & Gloom Boomers will go - I don’t like the @SECGov any more than the next #Bitcoin -er but this move is a move in the right direction to minimise fraud and manipulation in the market & keep everything governable.
Wake up and stop reading Doom & Gloom Boomer tweets.
https://x.com/britishhodl/status/1725632755772305687
November 17, 2023, 05:01:13 PM
November 17, 2023, 03:23:44 PM
Also, I'm not Greek you stupid fuck. Yo brother Cryptotourist, you like me don't you?
It is clear you are no Illustrious Greek. If you were you would be half as smart as Antisthenes.. Now your just... eeww, you...
Anyone seen how Brilliantly Digital Euro is created? Brilliant compared to Bljatcoin.. Which is some Transvestites creation called "Whiterose" as a grudge ..
November 17, 2023, 03:03:24 PM
November 17, 2023, 03:02:42 PM
.....
It’s Antisthenes, and yeah, you were referring to me.
It’s Antisthenes, and yeah, you were referring to me.
Wow! such amazing intuitive intelligence! You must be related to Sherlock Holmes.
Jeezus, it's so easy to trigger your paranoid ass. And give myself a chuckle. Thanx bro!
Okay!
Shit, you have opened me a new one, but I like it because I’m into all kind of kinky stuff, including getting bashed on the WO by a Greek man, thnx.
...
Shit, you have opened me a new one, but I like it because I’m into all kind of kinky stuff, including getting bashed on the WO by a Greek man, thnx.
...
ftfy.
Also, I'm not Greek you stupid fuck. Yo brother Cryptotourist, you like me don't you?
November 17, 2023, 02:24:27 PM
Hmm, I'll consider it a positive development, so low corners stay tuned because now Bitcoin will not give any major opportunities, so cash every opportunity regardless of the major or minor. A set back to 35k will also be considered a good opportunity for the no-coiners.
November 17, 2023, 02:01:16 PM
November 17, 2023, 01:01:19 PM
November 17, 2023, 12:10:04 PM
Has anybody created some sort of animated gif using the latest chart buddy images? It might be funny to use the last 24 images on a rolling basis to give you a feel for how the last day has gone. Or maybe grab 24 images once a day and then be able to show each day’s movement. Seems like something one of you fellas would enjoy creating.
Had the same idea and tried that a few months ago.
I downloaded the last 24 CB images and created an animated gif. The result was totally disappointing more like something to trigger epyleptic seizures than show the price development over the last 24 hours. I then concluded that Richy_T must have tried that already and dismissed the idea.
November 17, 2023, 12:01:16 PM
November 17, 2023, 11:52:32 AM
I am loving it now only farms need to go offline so the people have a lower electricity bill.
Come on.
You are familiar with Tesla’s work, so you shouldn’t even.
My man do you really want Free Electricity for scum to gorge on ? They would say that Probably some other dude invented it and the inventor did nothing. Then would want free labour too like Blajtcoiners and For you to depend on Donations 🤢
November 17, 2023, 11:38:21 AM
Yo! 
November 17, 2023, 11:29:46 AM
Must not bait trolls, must not bait trolls, must not bait... 
You do that, but you’re not “baiting” anything. Your compulsive lies just need to be ripped apart, that’s all.
~ AI biased narrative mumbo jumbo ~
I love ya JJG
You might as well love your “smart” TV or toaster for all that matters.
You are not alone in the list of JJG lovers. He is loved because of the respect he gave by giving a detail reply to our messages.
Hahahahahaha. It’s a tool, and apparently you are one too.
Hey Greekman Cryptotourist, why did you think I was referring to you bro?
It’s Antisthenes, and yeah, you were referring to me.
Shit, you have opened me a new one, but I like it because I’m into all kind of kinky stuff, including getting bashed on the WO by a Greek man, thnx.
Okay!
I'm skeptical of any account that addresses people as "dear".
“Dear” nutildah,
I am loving it now only farms need to go offline so the people have a lower electricity bill.
Come on.
You are familiar with Tesla’s work, so you shouldn’t even.
On other news:
The WEF And The Dangers Of A Circular Economy
I find it very interesting reading the word circular.
Bitcoin: A Beacon Of Financial Liberation In A Dollar-Driven World
November 17, 2023, 11:12:11 AM
Beautiful.. there will be no ETFs and Disinflation is happening cause of less Bljatcoiners. I am loving it now only farms need to go offline so the people have a lower electricity bill.
November 17, 2023, 11:10:11 AM
Hold On For Dear Life
November 17, 2023, 11:01:16 AM
November 17, 2023, 10:08:37 AM
Fomo , one of the tools to manipulate the market , I am interested in these types of articles because it has taught me all the things that can be done during the manipulation of a Market , according to what they say here that FOMO does not exist yet , they have a limit priced at 39 Thousand USD.
Source: https://cointelegraph.com/news/bitcoin-bull-market-fomo-btc-price-39k-profit-zone
The price today is $36k, it's not a bad thing, it's good, I like that it stays in that range, I know it will go up in price.
What I have been able to see is that Bitcoin is about to make a move that no one Expects, not backwards, Could it give signs that it will rise to Almost a new ATH? But I think that 2024 will be Another year of success because we are seeing that prices are Wanting to rise more , this December is tentative for it to continue Rising , maybe a Christmas gift will Happen.
Quote
He did so using the net unrealized profit/loss (NUPL) indicator, which offers profitability ratios for cohorts of stored coins.
Coming soon, however, is a key line in the sand for bull market hodlers.
“Considering NUPL across different age bands provides insights into profitability dynamics. Notably, the depicted graph reveals all UTXO age bands currently in a profitable state, except for holders with bitcoins held for 18 months to 3 years,” Onchained wrote in one of CryptoQuant’s Quicktake market updates on Nov. 16.
“This aligns with their entry during the Bitcoin price rally to $67,000. Their NUPL nearing the profitability benchmark of 0 suggests a potential break-even point if Bitcoin continues its rally beyond $39,000.”
Coming soon, however, is a key line in the sand for bull market hodlers.
“Considering NUPL across different age bands provides insights into profitability dynamics. Notably, the depicted graph reveals all UTXO age bands currently in a profitable state, except for holders with bitcoins held for 18 months to 3 years,” Onchained wrote in one of CryptoQuant’s Quicktake market updates on Nov. 16.
“This aligns with their entry during the Bitcoin price rally to $67,000. Their NUPL nearing the profitability benchmark of 0 suggests a potential break-even point if Bitcoin continues its rally beyond $39,000.”
Source: https://cointelegraph.com/news/bitcoin-bull-market-fomo-btc-price-39k-profit-zone
The price today is $36k, it's not a bad thing, it's good, I like that it stays in that range, I know it will go up in price.
What I have been able to see is that Bitcoin is about to make a move that no one Expects, not backwards, Could it give signs that it will rise to Almost a new ATH? But I think that 2024 will be Another year of success because we are seeing that prices are Wanting to rise more , this December is tentative for it to continue Rising , maybe a Christmas gift will Happen.
November 17, 2023, 10:01:18 AM
November 17, 2023, 10:00:01 AM
I think you need to edit out a "D"
An added "?" wouldn't hurt either. just sayin
An added "?" wouldn't hurt either. just sayin
I'm skeptical of any account that addresses people as "dear".
Edit: @Hamza2424, I know you are currently evading a ban and that you are Cosmic Beyonders, SaimExch, Waleedzain323 and Waleedhaji... I'm sure you have several other accounts as well, some currently active.
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