Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17748. (Read 26608456 times)

my guess is that this bitcoin thing is - if it gets mainstream traction - their only chance to dwarf zuckerbergs social media empire. they have got 100k btc. (worth $100mio) one must have some sympathy for the coin to keep so many, imho.

zuckerberg is worth $56 billion. lol, bitcoin has to 560fold for them to catch up. hm... long shot.  

Well, one thing is for sure, they're either going to make a large amount of money or be holding a large bag.  I think their average buy-in price is around $100.  They would make a lot selling right now, but I'm sure people monitor their addresses and if they started to sell they would probably tank the price themselves.  This is one reason the ETF is important to them - it's their exit scheme.  If the ETF is rejected and they start to dump they will still make a decent amount, but not a stupendous amount since everyone else is going to be selling if they are.

Mmhhh I don't know.
What if they try to hype the market with the certainty the ETF will not get approved, sell on top and then short the market.Fuck about credibility in that case.
A lot of money can be made.
Keep in mind all these guys are mostly in for making money. I doubt that even one of them is a true Bitcoin lover.Also the Winklevoss bros are only business men, 100%.

Other ETFs of much less complexity took longer and underwent more scrutiny, so if they approve this one, it basically means bitcoin is a trap.

I have a simple reasoing on the matte: the US already handled lots of Bitcoins (seized coins from SR mostly). Why they should not keep a competitive advantage by giving a chance to a regulated Bitcoin ETF which bring some more taxes in?
I personally feel that this ETF has 85% chances of approval. 

Stop playing dumb.  The overhead to monitor packets on a network or parse transactions on a blockchain is hundreds of orders of magnitude lower than creating a police state that can monitor every inch of space in the physical world for what people do there.  This is why governments aren't attempting to ban bitcoin whatsoever because you just make their job of controlling your life easier and cheaper by using it.  That is, unless someone makes bitcoin fungible by introducing anonymity, then governments won't like it anymore.

The last draw for me was two things in particular:  Coinbase asking me where my bitcoin is from, who are the addresses I'm sending my coins to, etc.  Then a friend made a large bet on a fight using bitcoin sent from Coinbase.  Coinbase apparently actively monitors all transactions and addresses already and said they're banning his account for participating in a gambling site.  If bitcoin is already such a police state while nobody even uses it, you need full blown down syndrome to want this thing to become mainstream.

A lot of you people just sit on your coins to try and profit and don't even use them.  The second you actually try to use them you're in for a shock.  I always knew this was the endgame that bitcoin would have eventually since it's not anonymous and all transactions are traced, I just thought it would be YEARS down the line.  Nope, the bitcoin police state is 100% in effect already.  It's like what that Aaaron Russo guy said 10+ years ago, the goal is to force people into a digital currency and then whoever does anything they don't like, they simply turn off/black list that wallet address - which is going to be associated to your real name with something like chain anchor.

You keep repeating how governments will control crypto and at the same time implying that they can't or won't control precious metals. This seems inconsistent.

I own bitcoin and metals but I'd much rather prefer metals went up and bitcoin didn't because the odds of bitcoin being turned against us and co-opted by govt are much higher than not.  Here's another new predictable govt co-opting of crypto coming out of japan recently:

"Only approved virtual currencies by the authority are considered legitimate and can be traded, sold or promoted to public"

This means government now arbitrates what forks are valid and which are not, so even if you were pretending it was decentralized before, it's definitely not going to be with things like that adopted by national governments.  Laws like this do not mean the govt just plays judge on forks either, it means the govt will create their own fork and force you to use it. (hint: forced chain anchor)

People need to stop being morons and pretending like the govt isn't going to completely control every aspect of cryptocurrency in the endgame.  Every transaction will be traced with white and black lists and more regulation than has ever been seen on earth, aka a permissioned ledger.  The term is called "creeping fascism", when you trick someone into a system while slowly piling on the regulation one by one until it's a police state.  It's like willingly accepting their cash ban and complete control over all transactions once all has been said and done.

Perfect brevity.

I've found poolminor to be quite credible over time yet I still like ya Jimbo. He's not going beartard, just calling the final run of the bulls in the near term with a resumption of the bull trend in some months. Gotta have some red dragons in the future to complete and relaunch the next epic bull run.

Yes... I see that we have a man of many words here who would like to chime in... Please proceed with your explanation of whatever point you are so far vaguely making.

^^ pot, kettle

yes.. I can see the picture.  It shows that the top part of the wedge is coming down and the lower part is going up.  What is the point?  Does it change anything?  You are still drawing a picture for where we are at and suggesting that the upcoming breakout is going to be downward.. and assigning a pretty high probability to such prediction of a downward breakout .. including seeming to fail to account for our rise to $1075 last week, even though after the fact you are suggesting that it was all within your previous prediction (did I say that you made the assessment after the fact?)      o.k. great...





If you are going to ram your silly ass predictions down people’s throats and then gloat about how wonderful you are, then of course you are going to inspire some responses, including from me.

Also, yes you continuously seem to get pleasure in whining about how you are not fully understood and that people do not read the specifics of your posts to catch every little detail.. and again.. who gives a ratt’s ass about your going on and on about your various technicalities.  There is still an ability to respond to you without having to study every stupid ass little meaningless detail that you post.

I think we're all wondering about that. If the decision goes against them, their credibility will take a big hit, for sure.

Saying they'd have egg on their faces is an understatement. They'd be a laughingstock.

That's why I was wondering if they were privy to some inside information but not in a position to divulge it, or where it came from.

I guess there's not much we can do except wait and see what happens in March.

their jumping the gun a little, but i think they have good reasons to be optimistic

But take care of something, we've deals with top-notch financial institutions, website, logo ... etc. ?

Are they in for losing their credibility easily ?

I understand that it's only social media, but why they didn't wait for the hearing at the 11th then create that account unless, in a way or another, they are sure they will have the ETF operated ?!

Yes, I saw that.

I don't know if it's just the Winklevoss bros jumping the gun. They didn't make any official announcement, nor has anyone else, and the hearing is still a month away. Maybe they have some reason to believe it's already been decided and are unable to say so, but I doubt it. Remember it's only social media. Anyone can post whatever they want.

I'll just wait until March 11 to see, like everyone else. Hopefully by then we'll already be at a new ATH.

What do you think about the ETF brother ?

Are you aware that COIN ETF have a newly created official twitter accounted created the day before yesterday ?

I can't really argue with that. Upward is the obvious direction. It's just a matter of how soon.

I think we'll see some sideways movement before the big surge past the ATH. Then again I thought it would take a couple of days to get back over $1000 after Thursday's withdrawal freeze fiasco. Instead it took less than a day.

I'd rather say by the end of the month than by the end of the week.

typical weekend action ( or lack thereof ).

Monday it'll become more clear that sub 1000 is history.

i'm thinking new ATH by the end of next week.