Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17235.

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: droizs on May 15, 2017, 01:21:09 PM

Here: https://www.sec.gov/news/pressreleases

Thanks. I expected some other source though.

Quote from: European Central Bank on May 15, 2017, 01:38:04 PM

do some reading folks.

https://www.scribd.com/document/346334662/34-80511#fullscreen&from_embed

all that happens today is the end of the comment period.

I genuinely thought that this was not the case. Thanks for sharing.

Quote from: Karpeles on May 15, 2017, 02:28:30 PM

Then what is the deadline for a decision?

If what I've read is true, there is no deadline on a decision for an appeal.

Karpeles

legendary

Activity: 1162

Merit: 1000

Quote from: European Central Bank on May 15, 2017, 01:38:04 PM

do some reading folks.

https://www.scribd.com/document/346334662/34-80511#fullscreen&from_embed

all that happens today is the end of the comment period.

Then what is the deadline for a decision?

Will there be an statement or something today?

spooderman

legendary

Activity: 1652

Merit: 1029

Quote from: European Central Bank on May 15, 2017, 01:38:04 PM

do some reading folks.

https://www.scribd.com/document/346334662/34-80511#fullscreen&from_embed

all that happens today is the end of the comment period.

>tells me to do some reading
>tells me what i asked anyway so i don't have to read
>mfw

European Central Bank

legendary

Activity: 1288

Merit: 1087

do some reading folks.

https://www.scribd.com/document/346334662/34-80511#fullscreen&from_embed

all that happens today is the end of the comment period.

Qartada

hero member

Activity: 546

Merit: 500

Quote from: JohnUser on May 15, 2017, 09:46:14 AM

At the 1st ETF btc fall 1350 to 850, 450$ lower.

So could we expect 1300$ this time ?

The price didn't drop that far for any reasonable amount of the time. Very soon after it was hanging around $1100 again - I think people just attached far too much importance to a barely relevant event, especially considering there was nearly no chance of it being approved anyway.

This time the chance of it being approved is as close to zero as it could possibly be and even traders, as stupid as some of them are, will notice this. It won't have much of an effect on the price at all.

Coinnosaurus

sr. member

Activity: 643

Merit: 264

Quote from: 2017Bubble on May 15, 2017, 01:10:34 PM

Everyone expecting a dump due ETF, would be funny if they denied it and pump it to

spooderman

legendary

Activity: 1652

Merit: 1029

so they have decided not to decide today?

have they decided when they will decide? Cheesy

droizs

full member

Activity: 151

Merit: 100

Quote from: Lauda on May 15, 2017, 01:16:40 PM

Quote from: 2017Bubble on May 15, 2017, 01:10:34 PM

Everyone expecting a dump due ETF, would be funny if they denied it and pump it to

Speaking of the ETF, does anyone know where I should be looking for the news?

Here: https://www.sec.gov/news/pressreleases

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: 2017Bubble on May 15, 2017, 01:10:34 PM

Everyone expecting a dump due ETF, would be funny if they denied it and pump it to

Speaking of the ETF, does anyone know where I should be looking for the news?

2017Bubble

full member

Activity: 121

Merit: 100

Everyone expecting a dump due ETF, would be funny if they denied it and pump it to

grandpa86

newbie

Activity: 8

Merit: 0

Are you still working on Monarchs. Mine seems to be ill.

metacoin

sr. member

Activity: 437

Merit: 260

balance

Luck is an interesting concept.

Survivorship bias could account for the lot of "lucky idiots" who are almost certainly a very small minority of users. I would wager there are probably just as many cases of people who were close to obtaining this title yet due to a single decision lost significant amounts. For example, anyone trading 6 years ago who bought in at a peak and decided to sell everything on the dip to cut their losses, or the people who lost everything in one of the many defunct exchanges. You don't really hear about them because they don't exactly advertise the fact that they made a bad decision.

There is always a balance.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: iikun on May 15, 2017, 09:41:17 AM

Except for long-play markets such as real estate, 4 years may as well be 4 decades

Perhaps you should listen to a professional holder:

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: JimboToronto on May 15, 2017, 11:15:38 AM

Quote from: Instamined on May 15, 2017, 10:55:35 AM

Lucky idiot is how I imagine the majority of people who have gotten rich off of Bitcoin. Maybe I'm just jealous, but I think there's a bit of truth to it.

What about the people who carefully researched Bitcoin when it was worth pennies or single or double digits of dollars, who saw its potential as a disruptive technology, invested their hard earned money in mining equipment, mined and bought Bitcoin and then steadfastly held on to their coins?

Do you think they're "lucky idiots"?

I think the lucky ones are those who bought coins because others had already made money on them and then made money despite gambling with them through trading.

I think there is a spectrum between people who thought long and hard about every possible angle of bitcoin and those that were convinced by a catchy phrase. The latter could just as easily have fallen for a pennystock pump and dump, the former is a sophisticated and perhaps even visionary investor. I guess most of us are somewhere in between.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: Instamined on May 15, 2017, 10:55:35 AM

Lucky idiot is how I imagine the majority of people who have gotten rich off of Bitcoin. Maybe I'm just jealous, but I think there's a bit of truth to it.

What about the people who carefully researched Bitcoin when it was worth pennies or single or double digits of dollars, who saw its potential as a disruptive technology, invested their hard earned money in mining equipment, mined and bought Bitcoin and then steadfastly held on to their coins?

Do you think they're "lucky idiots"?

I think the lucky ones are those who bought coins because others had already made money on them and then made money despite gambling with them through trading.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: Instamined on May 15, 2017, 11:07:08 AM

It's 2-3 million.

Eh? I think the Chinese disease of fake volumes has infected this figure as well.

It will be a substantial amount of coins, probably in the low hundreds of thousands, but nowhere near that amount.

China will also now be the world's safest place to trade because the exchanges won't be able to get away with one single thing. There'll be fees as well which means the endless dump fests won't be viable. Its behaviour is going to be very different from now on.

tk3609

member

Activity: 70

Merit: 10

Small trader

Quote from: Instamined on May 15, 2017, 11:07:08 AM

Quote from: tk3609 on May 15, 2017, 11:03:03 AM

China is dumping hard, but the west is still hodling.

This song sumarizes it well https://www.youtube.com/watch?v=A7TuFy0fcuw

Yes, seriously. It amazes me how people don't have the slightest care about the millions of btc and ltc frozen on chinese exchanges all bought at significantly reduced prices relative to the western markets.

Some say that's because it's uncertain whether or not they will have access to these coins again but I believe it's because they can get away with corruption easier and they have frozen the market to hedge a short against western markets which are essentially giving away free money to them. A large volume is frozen which means it will move in large chunks once it becomes available. It's not like if 2-3k btc were frozen. It's 2-3 million.

You could say the same thing about frozen assets on bitfinex. Who is going to break first?

Instamined

member

Activity: 70

Merit: 10

woah that's a lot of money

Quote from: tk3609 on May 15, 2017, 11:03:03 AM

China is dumping hard, but the west is still hodling.

This song sumarizes it well https://www.youtube.com/watch?v=A7TuFy0fcuw

Yes, seriously. It amazes me how people don't have the slightest care about the millions of btc and ltc frozen on chinese exchanges all bought at significantly reduced prices relative to the western markets.

Some say that's because it's uncertain whether or not they will have access to these coins again but I believe it's because they can get away with corruption easier and they have frozen the market to hedge a short against western markets which are essentially giving away free money to them. A large volume is frozen which means it will move in large chunks once it becomes available. It's not like if 2-3k btc were frozen. It's 2-3 million.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: bartolo on May 15, 2017, 10:54:16 AM

I don´t find an objective reason for this price decline except speculation.

I couldn't much of an objective reason for the rise either. Sometimes things just happen because they feel like happening.

tk3609

member

Activity: 70

Merit: 10

Small trader

China is dumping hard, but the west is still hodling. Couple months/years ago, west was blindly following China, now it looks like there is a western/chinese civil war. West is bullish, China is bearish.

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