I somewhat expect "them" to push it to 18k's or lower to scare John Dow away from the only secure and portable inflation hedge in the coming years...
wouldn't shock me, if the Luna and/or FTX circus was a setup to crash the market...
iyam, FTX-boy and Alameda-girl could just have been two typical intel pawns
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2284. (Read 26695895 times)
March 09, 2023, 04:33:06 PM
March 09, 2023, 04:26:06 PM
Grayscale’s SEC hearing gives new hope for GBTC investors.
Quote
Yesterday, the debacle over a spot bitcoin exchange-traded fund (ETF) reached U.S. courts, as the SEC was questioned by judges over the rejection of Grayscale’s application to convert its closed-end bitcoin trust, GBTC, into an open-ended ETF. During the hearing, the SEC cited concerns regarding manipulation in spot bitcoin markets, while Grayscale refuted the SEC’s reasoning, given the SEC’s prior approval of a futures bitcoin ETF in the fall of 2021.
This led to court judges questioning the SEC’s understanding of the relationship between the spot market and the futures market, with a court judge saying, “We haven’t seen any evidence that Grayscale's argument is flawed.”
In our view, the key point in the hearing was when the judges asked the SEC to explain why the Grayscale offer was rejected and followed up with a question as to whether manipulation of a futures-based ETF was possible. The SEC’s answer was that Grayscale did not provide enough data, which led to a response from judges suggesting that the data provided by futures-based bitcoin ETFs should be equally sufficient for spot ETF applicants.
The contents of the hearing were enough for the Senior Litigation Analysts at Bloomberg to change their probability of a successful Grayscale suit from 40% to 70% — an extremely noteworthy swing.
This led to court judges questioning the SEC’s understanding of the relationship between the spot market and the futures market, with a court judge saying, “We haven’t seen any evidence that Grayscale's argument is flawed.”
In our view, the key point in the hearing was when the judges asked the SEC to explain why the Grayscale offer was rejected and followed up with a question as to whether manipulation of a futures-based ETF was possible. The SEC’s answer was that Grayscale did not provide enough data, which led to a response from judges suggesting that the data provided by futures-based bitcoin ETFs should be equally sufficient for spot ETF applicants.
The contents of the hearing were enough for the Senior Litigation Analysts at Bloomberg to change their probability of a successful Grayscale suit from 40% to 70% — an extremely noteworthy swing.
March 09, 2023, 04:10:38 PM
There is only one place a government that wants to tax people's gains at 40% belongs and that is in a locked up dungeon.
Add a possible 30% tax on electricity used for cryptomining..
Biden plans to increase taxes to collect a whopping $5.5 trillion over the next decade.
I'm sure he will get 400 million votes next time regardless.
March 09, 2023, 04:06:41 PM
There is only one place a government that wants to tax people's gains at 40% belongs and that is in a locked up dungeon.
Add a possible 30% tax on electricity used for cryptomining..
Biden plans to increase taxes to collect a whopping $5.5 trillion over the next decade.
March 09, 2023, 04:01:20 PM
March 09, 2023, 03:59:03 PM
There is only one place a government that wants to tax people's gains at 40% belongs and that is in a locked up dungeon.
It's only fair that IRS will issue capital loss tax credits with no $3,000 cap.
March 09, 2023, 03:56:13 PM
FYI if you're looking at clouds, given the Daily is bullish and Weekly remains bearish, the 3D has an interesting "neutral perspective" imo:
There's that bullish cross which looks good. Notably it's right at the 200 Day MA priced at $19.7K. Hopefully we don't get there til April tho, until after the bullish cross-over?
Also as it's first time since $50K and over a year since price has been above bullish formation, so looks quite relevant, as opposed to Daily flip flopping.
I ain't no cloud expert tho! Just thought I'd share this time-frame for a change as a usual in between of Daily bullish and Weekly bearish.
+1 WOsMerit
me either
...but
digging deep towards span B support levels with the lagging span testing span A
its into the trenches until Q3(its critical until Sept.?)at least with volatility remaining elevated imo
dyor
March 09, 2023, 03:43:22 PM
There is only one place a government that wants to tax people's gains at 40% belongs and that is in a locked up dungeon.
March 09, 2023, 03:35:47 PM
[edited out]
Yeah one can never be exactly sure of a bottom… it doesn’t really matter if Bitcoin drops below 21,600 since I went all in at 17k$ Sold at around 24k$ Have a good day Jay
Wow.. you are trading this noise with decent amounts of your holdings?
You must almost deserve a bat slappening for admitting to that...
Don't you realize/appreciate the power of the meme?
The lowest Bitcoin went after 2017 was in 2019 and it was on February 7, 2019, when the USD value was $3,384.91. If I am not correct then I apologize. Considering the present situation I do not think that Bitcoin will go down so much but ironically it is going down. I think it will hit the biggest low after 2019.
First of all.. we use Bitstamp here for our price references.. especially the kinds of "overall" claims that you seem to be making..
And the low would have been in about mid December 2018 in the ballpark of $3,124.... sure a minor difference in terms of the substantive price, but you are off also by around a month and a half.. .. and.... really the bottom in 2018.. lasted until about April 1, 2019.. and then we had a kind of mini bull run from around $4,200 on April 1, 2019 until around $13,880 around the very end of June 2019.
In regards to your expectation that the BTC price is going lower than $3,400-ish, what you be smoking? How's that going to happen?
Do you even know what the fuck you are talking about?
Do you know bitcoin? or you just talking some kind of a fantasy expectation?
First of all, you are saying that our current bottom is not in, which is $15,479.. from right around November 20, 2022.. we have to get down to those levels first and then thereafter go below that. How's that going to happen? What's going to cause it? Do you have anything besides what you "hope" will happen?
March 09, 2023, 03:22:33 PM
I, xhomerx10, being of sound mind and body (well... I mean I'm still breathing), am formally submitting a complaint to the CEO of Bitcoin on account of too much downity and not enough uppity.
March 09, 2023, 03:16:01 PM
this is what happens when you mining shitcoin (you can't afford to cover electricity bills and buy a vacuum cleaner)there is sooo much dust that rig may of actually mined BTC back in the day, not alts.
Dust?! That's some kind of alien invasion.
March 09, 2023, 03:08:31 PM
March 09, 2023, 03:01:17 PM
March 09, 2023, 02:52:46 PM
the noon wall report
dyor
sleepy joe says more taxes
warmachiine goes brrrrrr
eagles beak slashes at soft elbow
jobs report out tomorrow
another day in the life of a hodler
carry on
4h
D
stronghands
dyor
sleepy joe says more taxes
warmachiine goes brrrrrr
eagles beak slashes at soft elbow
jobs report out tomorrow
another day in the life of a hodler
carry on
4h
D
stronghands
FYI if you're looking at clouds, given the Daily is bullish and Weekly remains bearish, the 3D has an interesting "neutral perspective" imo:
There's that bullish cross which looks good. Notably it's right at the 200 Day MA priced at $19.7K. Hopefully we don't get there til April tho, until after the bullish cross-over?
Also as it's first time since $50K and over a year since price has been above bullish formation, so looks quite relevant, as opposed to Daily flip flopping.
I ain't no cloud expert tho! Just thought I'd share this time-frame for a change as a usual in between of Daily bullish and Weekly bearish.
March 09, 2023, 02:34:59 PM
the noon wall report
dyor
sleepy joe says more taxes
warmachiine goes brrrrrr
eagles beak slashes at soft elbow
jobs report out tomorrow
another day in the life of a hodler
carry on
4h
D
stronghands
dyor
sleepy joe says more taxes
warmachiine goes brrrrrr
eagles beak slashes at soft elbow
jobs report out tomorrow
another day in the life of a hodler
carry on
4h
D
stronghands
March 09, 2023, 02:34:18 PM
this is what happens when you mining shitcoin (you can't afford to cover electricity bills and buy a vacuum cleaner)there is sooo much dust that rig may of actually mined BTC back in the day, not alts.
March 09, 2023, 02:14:27 PM
I know its quite early but i thinked march can be a good month for BTC price, but seems like im totally wrong.
As always lets see the positive side, you can buy it cheaper.
As always lets see the positive side, you can buy it cheaper.
March 09, 2023, 02:11:58 PM
Joke's on them....long term HODLers are completely unaffected. 
March 09, 2023, 02:01:18 PM
March 09, 2023, 01:56:21 PM
When the whales mega short, they just love to follow up the FUD with a big dip below what they think are major psychological numbers.
Looks like they are gunning for sub $20k.
Joke's on them....long term HODLers are completely unaffected.
Also, get used to these big leveraged up and down barts pretty much all year long.
The only thing that matters is that we'll end up higher than where we started the year.
Looks like they are gunning for sub $20k.
Joke's on them....long term HODLers are completely unaffected.
Also, get used to these big leveraged up and down barts pretty much all year long.
The only thing that matters is that we'll end up higher than where we started the year.
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