Bitcoin ETF Inflows Hit Six-Week High of $422.5M
https://www.coindesk.com/markets/2024/07/17/bitcoin-etf-inflows-hit-six-week-high-of-4225m/
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 210. (Read 26462647 times)
July 17, 2024, 01:39:31 AM
July 17, 2024, 01:24:32 AM
67K in 2 hours 
July 17, 2024, 01:01:43 AM
hmm we got,over, 66k
down a bit now.
down a bit now.
July 17, 2024, 01:01:14 AM
July 17, 2024, 12:01:15 AM
July 16, 2024, 11:38:28 PM
Actually, it was the judge who did.
“I have no doubt that I should not order Dr. Wright to publish the half-page notice in the Times. That does appear to be a somewhat vindictive response to his half-page publication of his offer,” wrote Justice Mellor.
Mellor did order that Dr. Wright host a notice of the judgment on his own website (for six months) and on his Twitter feed and Slack channels (for three months).
Mellor did order that Dr. Wright host a notice of the judgment on his own website (for six months) and on his Twitter feed and Slack channels (for three months).
I was going to say lawyers as well but maybe it was an order from the judge?
Regardless, unless I missed it somewhere, I think a more sincere apology or admission of guilt comes with a video with him saying and explaining it, but really the dude had many times to come clean before the courts did anything, so it would be hard for me to accept it anyway unless he really had come off as sincere in the admission.
I suddenly have a newfound respect for the English justice system.
Slow and steady they drilled him nicely.
July 16, 2024, 11:01:22 PM
Actually, it was the judge who did.
“I have no doubt that I should not order Dr. Wright to publish the half-page notice in the Times. That does appear to be a somewhat vindictive response to his half-page publication of his offer,” wrote Justice Mellor.
Mellor did order that Dr. Wright host a notice of the judgment on his own website (for six months) and on his Twitter feed and Slack channels (for three months).
Mellor did order that Dr. Wright host a notice of the judgment on his own website (for six months) and on his Twitter feed and Slack channels (for three months).
I was going to say lawyers as well but maybe it was an order from the judge?
Regardless, unless I missed it somewhere, I think a more sincere apology or admission of guilt comes with a video with him saying and explaining it, but really the dude had many times to come clean before the courts did anything, so it would be hard for me to accept it anyway unless he really had come off as sincere in the admission.
I suddenly have a newfound respect for the English justice system.
July 16, 2024, 11:01:17 PM
July 16, 2024, 10:46:54 PM
I bet more of those funds leave Kraken as BTC than fiat.
And it will happen almost immediately. Self custody lesson learned
I think a lot of what a person will do depends of how much btc they get.
I would think most people left are more then five coins.
I would think Selling 10% and keeping 90% in coin will be common.
I am also not sure about tax rules.
If you had coins in feb 2014 they were worth 650 usd they are 100x at 65,000
having 5 coins means 3250 is now 325,000. I am not sure if you could be taxed in full at a cost basis of 3250
usa law at the moment would mean 20% or 60-65k in tax.
I dont have mount gox coins. so not a worry for me.
But if I did get five coins and thought I may owe 65k in tax. I am selling 100k of 325k and paying the 65k asap.
this would give me 35k cash and 225k in btc or 3.46 btc.
So I suspect savvy USA people are going to sell at least 20% and pay capital gains on the whole 5 coins.
But what do I know.
July 16, 2024, 10:01:15 PM
July 16, 2024, 09:58:27 PM
And it will happen almost immediately. Self custody lesson learned
One would hope.
July 16, 2024, 09:53:10 PM
I bet more of those funds leave Kraken as BTC than fiat.
And it will happen almost immediately. Self custody lesson learned
July 16, 2024, 09:49:51 PM
I bet more of those funds leave Kraken as BTC than fiat.
July 16, 2024, 09:38:00 PM
July 16, 2024, 09:18:11 PM
66
July 16, 2024, 09:01:14 PM
July 16, 2024, 08:44:11 PM
I can complete your delusional idea to clarify that from your perspective, MTGOX remains as the "final" hurdle.
It is funny (or maybe "strange" is a better word?) how someone who has been in bitcoin for so long, can get so distracted by nonsensical thoughts, and surely this MTGOX obsession is not the first nonsensical thought I have witnessed flowing out of your keyboard (if that might be the source?).
It’s pretty common sense that mtgox is the final thing keeping the market down. You’d have to have 0 background in finance to not understand that. Germany sent the market from 67 to 53. Gox will see more BTC than that hit the market. Luckily, it will be a profit taking event for Blackrock and others who have amassed a near 10 billion dollar short position (that will determine when we moon) which should ease the pain a bit. Then you have FTX billions being returned to crypto folks before the end of the year. So while I am by no means bearish, I’m not going to pretend mtgox doesn’t exist. It’s weird you and some others here do. I think it stems from a misguided belief that this thread has some sort of an effect on the market in order to feel like your words have some sort of relevance. That’s what I think is a nonsensical thought. It is funny (or maybe "strange" is a better word?) how someone who has been in bitcoin for so long, can get so distracted by nonsensical thoughts, and surely this MTGOX obsession is not the first nonsensical thought I have witnessed flowing out of your keyboard (if that might be the source?).
It appears that we have differing opinions about what are nonsensical thoughts.
Who would-a-thunk?
I could afford a cyber truck too, but I am not going to buy one. If I were to buy an all electric truck, I probably would prefer an Ford F-150 (electrical) or maybe I would prefer a hybrid.. I am not too excited about some of the seeming pushes for all electric, and it seems that commercial airlines would not be able to fly if they were all electric, so there are some problematic aspects around all electric, including problems with real warm or real cold temperatures, too...
Very little comment on what will or will not happen regarding the price, but that guy:
1. Has a linear logic model
2. Thinks that his equivalent of China-ban hammer will "hammer" every time there is a $100 mil release/day. Comment: the champaigne cork pops if you hold it tight, but makes just a small noise if the cork is being moved slightly to the side, releasing the pressure.
3. In my mind MtGox is akin to something like a bitcoin burp.
4. His "financial" background is what prevents him to see the WHOLE picture.
That said, his 38K "potential" target was somewhat logical if you look at the charts and would represent a double bottom to a January "ETF dip".
If that happens (chances are maybe 5-10% and declining rapidly), I would convert half of my money market fund in IRAs to bitcoin ETFs for a quick pop (since no cap gains).
EDIT: Completely agree on the cybertruck..a silly car, imho.
I respect the opposite opinion, but it's just not for me. If it could also fly interstellar, than it would be a different story
. 
July 16, 2024, 08:31:19 PM
I can complete your delusional idea to clarify that from your perspective, MTGOX remains as the "final" hurdle.
It is funny (or maybe "strange" is a better word?) how someone who has been in bitcoin for so long, can get so distracted by nonsensical thoughts, and surely this MTGOX obsession is not the first nonsensical thought I have witnessed flowing out of your keyboard (if that might be the source?).
It’s pretty common sense that mtgox is the final thing keeping the market down. You’d have to have 0 background in finance to not understand that. Germany sent the market from 67 to 53. Gox will see more BTC than that hit the market. Luckily, it will be a profit taking event for Blackrock and others who have amassed a near 10 billion dollar short position (that will determine when we moon) which should ease the pain a bit. Then you have FTX billions being returned to crypto folks before the end of the year. So while I am by no means bearish, I’m not going to pretend mtgox doesn’t exist. It’s weird you and some others here do. I think it stems from a misguided belief that this thread has some sort of an effect on the market in order to feel like your words have some sort of relevance. That’s what I think is a nonsensical thought. It is funny (or maybe "strange" is a better word?) how someone who has been in bitcoin for so long, can get so distracted by nonsensical thoughts, and surely this MTGOX obsession is not the first nonsensical thought I have witnessed flowing out of your keyboard (if that might be the source?).
It appears that we have differing opinions about what are nonsensical thoughts, Who would-a-thunk?
and I am not even claiming to ignore various BTC price dynamic theories, even though I surely do NOT like to get too caught up on causational theories that overly focus on single or limited causation, and as I had already stated, surely your seeming maniacal focus on single cause explanations could well end up getting you in trouble or get those in trouble who think that you know what you are talking about with some of your seemingly narrow minded causation theories... and my own attempts at rebutting what I deemed as your nonsensical mindsets does not even mean that I would be taking the opposite side of such bet, so you seem to have another problem that revolves around a kind of black and white thinking, perhaps?
By the way, I could afford a cyber truck too, but I am not even close to having any kind of desire to buy one. If I were to buy an all electric truck, I probably would prefer an Ford F-150 (electrical) over the cybertruck or perhaps I would prefer a hybrid, if there were such a thing..
I am not too excited about some of the seeming pushes for all electric - even though there might be some practical uses for such, and it seems that battery technology is not at such a state that commercial airlines would be able to fly if there were to be some kind of an all electric design for such, so there are some problematic aspects around some all electric applications, though it may have some reeasonable applications.. but yeah there are likely also problems with all electric in real hot or real cold climates (seasons), too...
July 16, 2024, 08:18:08 PM
I can complete your delusional idea to clarify that from your perspective, MTGOX remains as the "final" hurdle.
It is funny (or maybe "strange" is a better word?) how someone who has been in bitcoin for so long, can get so distracted by nonsensical thoughts, and surely this MTGOX obsession is not the first nonsensical thought I have witnessed flowing out of your keyboard (if that might be the source?).
It is funny (or maybe "strange" is a better word?) how someone who has been in bitcoin for so long, can get so distracted by nonsensical thoughts, and surely this MTGOX obsession is not the first nonsensical thought I have witnessed flowing out of your keyboard (if that might be the source?).
It’s pretty common sense that mtgox is the final thing keeping the market down. You’d have to have 0 background in finance to not understand that. Germany sent the market from 67 to 53. Gox will see more BTC than that hit the market. Luckily, it will be a profit taking event for Blackrock and others who have amassed a near 10 billion dollar short position (that will determine when we moon) which should ease the pain a bit. Then you have FTX billions being returned to crypto folks before the end of the year. So while I am by no means bearish, I’m not going to pretend mtgox doesn’t exist. It’s weird you and some others here do. I think it stems from a misguided belief that this thread has some sort of an effect on the market in order to feel like your words have some sort of relevance. That’s what I think is a nonsensical thought.
July 16, 2024, 08:01:18 PM
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