Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17844. (Read 26609354 times)

Trump inaugurated, Bitcoin yawns.

Trump gets to be president in about half an hour. I don't expect the price to do much immediately afterwards. He can't start changing policies until after the weekend.

Good morning Bitcoinland.

Still going sideways in the $900 range... currently exactly $900USD at Bitcoinaverage.

The big USA inauguration day whoop-de-doo that everyone seemed to be expecting hasn't happened so far but it's still early.

Like the election day hype, I think it's over-rated.

We'll see.

Sorry, I know the price is liable to leap in either direction at any time, and thanks to the recent bounces I now feel well suited-up for a plunge as well as fuelled up to fly - whichever happens first.  I really just meant that it looked as though it had settled, as in found a lull, long enough for me to be able to take my eyes off it for half an hour without coming back to a surprise!  Instead I checked back after watching a telly program to yet another surprise.  Well, not really a surprise, of course, but when I guessed the price before I looked I was wrong 

more like the nothing happened day, at least so far

most significant event was the flash break of $900 then to correction back to $888

I don't see anything happening now, unless some big news come out or if the PBOC farts

I am not sure what you mean by stablized? 

Just a few days ago, we had about a 10% rise in prices.. and sure that rise was a reflection of a 30% correction and some seemingly rebound from that correction, yet we cannot already be in some stable place, no?

Sure, maybe prices could settle somewhere in this $900 price arena, but it really seems that there still remains disagreement about where price is and whether it should be here.. and that disagreement is coming from both ends.

I don't know what is going to happen, but bouncing in the $750 to $1,000 range in the coming days and even weeks is certainly plausible.  I am kind of starting to think that some bears may be accumulating some coins to make another attempt at the lower $800s, but yeah, what the fuck do I know, but my sense is that there could be another attempt at a push down and to see what kind of support there is for those levels and to attempt to verify if they can break through lower, and the battle does not seem to over, but maybe once we get another test of lower $800s support, then we will be able to move back up to testing $1,000 resistance and thereafter?

Either way, the situation does not yet seem stable to me, even if there does seem to be some feeling of temporary lull in the current battle...

Really JJG?




JJG is like our resident Trump.  He tries to gaslight us all into not believing our own powers of observation.  

Just when I think the price has stabilised for a while, we get another little downward bump.  It's all cool though - as long as our stomachs can stand a few more weeks/months of this downward turbulence, we're going to have the most amazing handle to finish off the cup!!!! 

http://finance.yahoo.com/news/grayscale-investments-llc-ceases-private-140000550.html

I'm not sure I'm clear on the meaning of this.
Are they suggesting that GBTC will use a different mechanism for purchasing shares going forward, or that they will no longer be maintaining the 10:1 ratio and instead letting the investment center around the number of coins currently held by the trust?

Prior to this offering, Shares were distributed by Genesis Global Trading Inc. (“Genesis”), acting as the initial purchaser and sole Authorized Participant, through sales in private placement transactions exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) pursuant to Rule 506(c) thereunder. After this offering, Shares will be distributed by Authorized Participants. Genesis will not act as an Authorized Participant in connection with the public offering of the Shares. It is expected that the Shares will be sold to the public at varying prices to be determined by reference to, among other considerations, the price of the bitcoins represented by each Share and the trading price of the Shares on NYSE Arca at the time of each sale. Shares registered hereby are of the same class and will have the same rights as the Shares distributed prior to this offering.

In exchange for issuing and redeeming Baskets of Shares, the Trust will receive from, or deliver to, Authorized Participants or Liquidity Providers (as defined herein) a number of bitcoins equal to the value of Shares in a Basket. As of the date of this prospectus, each Share represents approximately 0.094 of a bitcoin.

The Authorized Participants will not receive a selling commission or discount from the Trust in consideration of the distribution of Shares to the public through sale on NYSE Arca. Purchasers of Shares may be subject to customary brokerage charges. Investors should review the terms of their brokerage accounts for details on applicable charges. The Authorized Participants may receive commissions or fees from investors who purchase Shares offered hereby through their commission and fee-based brokerage accounts.

In the meanwhile The Race is on for a Bitcoin ETF
http://www.wsj.com/articles/the-race-is-on-for-a-bitcoin-etf-1484919815

Though Brill does believe that that a bitcoin ETF will eventually be allowed to do business on a major stock exchange, he said the SEC will be unlikely to do so while as much as 95% of all bitcoin transactions are carried out in China

is this would be ok? http://zentrade.online/category/markets/crypto/feed/

Similar price I paid for the majority of my coins. I was between 200-300. Not bad.

Why don't you or zentrade setup an rss or twitter feed to alert us of BTC TA updates? I don't want the whole zentrade rss, just the BTC part.

Because of him I bought when it was 200$ ... Just because I'm a doom & gloom guy and I really don't like banks!

Am I right in saying his data has been correct regarding bitcoin quite a few times? (Not all the time obviously)

I have recently seen a video regarding web bot predictions of bitcoin and silver and it states he has been right in the past with very odd predictions and it's been right, especially in the 400s and 800s.