800?
More like $200.
Bitcoin experiment over... it's time to move on folks. See you in the next life, maybe we'll be rich one day
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17766. (Read 26717399 times)
February 25, 2017, 11:34:18 AM
More like $200.
Bitcoin experiment over... it's time to move on folks. See you in the next life, maybe we'll be rich one day
February 25, 2017, 11:32:07 AM
800?
February 25, 2017, 11:28:07 AM
dumping
February 25, 2017, 10:33:33 AM
great cartoon on r/bitcoin 
:
: 
February 25, 2017, 10:08:05 AM
all this up n down is making me seasick!!
Haha, I like a nice bit of volatility =) Volume still didn't hit what we saw at the start of Jan - could be quite a bit more to come
February 25, 2017, 09:54:03 AM
all this up n down is making me seasick!!
February 25, 2017, 09:40:27 AM
IF i repeat IF the decision will come out Saturday in many ways can give opportunity to insiders make a tone of money.... do you see the same picture on that or only i am?
https://www.bitmex.com/app/trade/COIN_BH17Want to bet on it?
By the way, if I recall it correctly the decision deadline is on March 11th but there are chances this can be decided by March 11th which makes a big difference. IMHO we will know the end of the story on March 13th: and we'll probably see what does it mean to do insider trading.
If there will be no decision by the 11th and big buys will start you'll probably know what to do.
Exciting times, indeed.
February 25, 2017, 09:39:36 AM
The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?
That's the decision deadline. There's no associated meeting. They might already have made up their minds. Falling on a Saturday is a bit of a weird move indeed. I've read elsewhere that no ETF has ever passed by doing nothing, which is what some people are expecting here, and there's no way something so new and complex would pass like that either.
We'll know either way before that Saturday I expect.
Absolutely no way ETF goes through.
But you think it will have an effect? Why should it makes btc rate drop? Any correct trader knows the chances are low no?
I remember there was a crash after one of the US marshals auctions, and most of us expected a crash after another, but there was a rally instead. It's difficult predicting Bitcoin's price movements, and it often does the opposite of what's expected. There could even be a pump after an ETF rejection, although most of us expect rejection to lead to a dump.
This is exactly why I suspect the market is now just waiting to find out. Nobody can be sure what effect a decision either way will have on bitcoin, but by now most people will have positioned themselves according to how they think it will play out and, unless some other factor comes into play in the meantime, I suspect we're just going to hover around here until the 11th, poised to respond to whatever happens then.
February 25, 2017, 09:33:12 AM
The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?
That's the decision deadline. There's no associated meeting. They might already have made up their minds. Falling on a Saturday is a bit of a weird move indeed. I've read elsewhere that no ETF has ever passed by doing nothing, which is what some people are expecting here, and there's no way something so new and complex would pass like that either.
We'll know either way before that Saturday I expect.
Absolutely no way ETF goes through.
But you think it will have an effect? Why should it makes btc rate drop? Any correct trader knows the chances are low no?
I remember there was a crash after one of the US marshals auctions, and most of us expected a crash after another, but there was a rally instead. It's difficult predicting Bitcoin's price movements, and it often does the opposite of what's expected. There could even be a pump after an ETF rejection, although most of us expect rejection to lead to a dump.
February 25, 2017, 09:28:07 AM
IF i repeat IF the decision will come out Saturday in many ways can give opportunity to insiders make a tone of money.... do you see the same picture on that or only i am?
February 25, 2017, 09:27:46 AM
I don't think we can be so sure it won't. I still think TPTB might see the ETF as an initial step towards gaining a handle on bitcoin. Like Google's strategy of controlling the primary gateway to the internet, an ETF would be a government-controlled gateway into bitcoin, and as the gateway used by very wealthy non-techie types, it would be a very important gateway to control.
I hadn't twigged that the 11th is a Saturday... how odd... I wonder if that means in real terms that we'll know the outcome by close of business on the Friday...
I hadn't twigged that the 11th is a Saturday... how odd... I wonder if that means in real terms that we'll know the outcome by close of business on the Friday...
February 25, 2017, 09:23:47 AM
Absolutely no way ETF goes through.
But you think it will have an effect? Why should it makes btc rate drop? Any correct trader knows the chances are low no?
But you think it will have an effect? Why should it makes btc rate drop? Any correct trader knows the chances are low no?
Stranger things have happened. And that big meeting they had a couple of weeks ago are not the actions of something that's been outright rejected. They want to know more.
I think quite a few people have bought in with the expectation of a further rise if it's approved. Maybe they'll throw in the towel. There'll be a dip. A full on crash is doubtful as ETF fever is only part of the general uptrend that's been going for a long time now.
And there are two more applications to consider in quick succession after the Winklevii one. I doubt they'll have the gloss, but perhaps they'll add some refinements. Overall though I think rejections will be down to Bitcoin itself and no applicant can do anything about that.
February 25, 2017, 09:19:46 AM
The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?
That's the decision deadline. There's no associated meeting. They might already have made up their minds. Falling on a Saturday is a bit of a weird move indeed. I've read elsewhere that no ETF has ever passed by doing nothing, which is what some people are expecting here, and there's no way something so new and complex would pass like that either.
We'll know either way before that Saturday I expect.
Absolutely no way ETF goes through.
But you think it will have an effect? Why should it makes btc rate drop? Any correct trader knows the chances are low no?
February 25, 2017, 09:17:50 AM
The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?
That's the decision deadline. There's no associated meeting. They might already have made up their minds. Falling on a Saturday is a bit of a weird move indeed. I've read elsewhere that no ETF has ever passed by doing nothing, which is what some people are expecting here, and there's no way something so new and complex would pass like that either.
We'll know either way before that Saturday I expect.
February 25, 2017, 09:17:20 AM
The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?
It falls on a Saturday? That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?
What is that about? They going for donuts and coffee before this formal meeting.
Having it scheduling it on that day doesn't make it sound they are taking it too seriously. Because we all know that business days are Monday-Friday and the weekend are when government officials and their federal workers are off those days but they still get paid.
So is it just a 1 minute meeting of a "yey" or "ney" vote and then they all go to McDonald's afterwards to finish their McCafe's and hot apple pies?
They get paid anyways even if it is 1 minute or 1 hour or not even showing up.
Cause it is out of their own time cause they are "not on the clock" so to speak over the weekends which is essentially "their own time".
February 25, 2017, 09:09:38 AM
The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?
February 25, 2017, 08:58:13 AM
Maybe the market is now just waiting to see what the SEC says and what effect that will have...
February 25, 2017, 07:06:50 AM
It only takes a trillion USD market cap for $50k bitcoin. There is a total of ~$25 trillion in USA IRA's. Is it that hard to imagine global speculative bubbles that touch but do not sustain $1 trillion market cap by 2025? 2020?
0.1% of USA IRA funds ($25 billion) into the ETF bring us over $2500/BTC, and that is ignoring speculative buying by people in the trenches (us!).
0.1% of USA IRA funds ($25 billion) into the ETF bring us over $2500/BTC, and that is ignoring speculative buying by people in the trenches (us!).
you're forgetting how meaningless market cap is compared to real money.
25 billion real dollars put into bitcoin would push the price far beyond $2500. right now you could probably reach that price on the exchanges by spending 50-100 million dollars in one shot.
and if sellers sniffed out that there was a buyer with money to burn they'd go on strike and push the price up even further.
There are two ways to think about the relationship between market cap and how much "real money" is invested into bitcoin.
1) short term. ECB is correct to point out that an injection of 25 billion dollars of "real money" would drive the price to the moon in the short term, due to liquidity issues.
2) long term. If you think in terms of steady state conditions, then cmacwiz's reasoning makes perfect sense.
It is mostly about liquidity, as this is what really matters in the end. Be it for (paper) gold, stocks or Bitcoin.
February 25, 2017, 06:57:11 AM
Same here, it felt like as if you are playing a video game and with that ATH you've killed the final boss and it's game over and credits are scrolling down the screen.
Although we are just starting I know, but this is my feelings nowadays
Although we are just starting I know, but this is my feelings nowadays
Uncharted territory is the main feeling I'm getting.
We got an ATH with China having effectively banned itself, though perhaps that wouldn't have been achieved without that happening, and it's sitting quietly at this price level with little attention elsewhere.
Does this mean 2014-15 beat the exuberance out of everyone? or maybe they expect much, much more and this is a small and overdue step towards it.
February 25, 2017, 06:06:57 AM
Good morning bitcoin land!!! again not sleep how need at night because of the charts...
seriously now need price go $2000 to have a good sleep and sweet dreams
any way! Kraken now at ~1118€ nice!!!
seriously now need price go $2000 to have a good sleep and sweet dreams
any way! Kraken now at ~1118€ nice!!!
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