Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26910. (Read 26720873 times)

Ha ha! I guess that illustrates what Aminorex goes through when he feels bullish on bitcoin but monkey says no.

and ?

Wasn't there an announcement, a month or so ago, of a facebook app that would allow tipping in a dozen cryptos, EXCLUDING bitcoin?

Yes exactly. The group of people with access is just so much larger.

Just as anarchism quickly degenerates into totalitarian rule, under laissez faire capitalism every market quickly becomes a monopoly or oligopoly; and then the companies can demand special laws and bailouts with the excuse that they are too big to be allowed to fail.

Laissez-faire capitalism was not Reagan's invention of course, nor an exclusive of Repubican governments.  It ran amok before 1929 and led to that classic collapse.  The earliest example of the "too big to fail" argument that I remember watching live on TV was Lee Iacocca getting a huge loan (from Jimmy Carter, perhaps?) to save Chrysler, then one of the three only US car makers.

Explanation

Orders of magnitude.

Obviously they expect that the opening of that new market will create a demand for BTC (indirectly, via their fund) greater than their holdings, so they will get a lot more $$ than they would by selling them now. 

Which it may.  However the SMBIT and PBP funds do not seem to have created much extra demand over their history.  Would it make much difference having a fund traded on NASDAQ, instead of privately?

SMBIT started in September 2013 with a stash of ~18'000 BTC, and sold shares that represent ~107'000 BTC, about 2/3 of them before December: https://bitcointalksearch.org/topic/gbtc-bitcoin-investment-trust-observer-337486  So they sucked up about 90'000 BTC from the "great market" (including OTC).  (Apparently they haven't sold any net shares in the last month; which may explain their sudden desire to help the poor Argentinians, instead of the poor Americans.)

Their profits are hard to estimate since they depend on how much they paid for those 107'000 BTC compared to the market price at the time they sold the corresponding shares.  However, they should make at least 5 million USD just on fees over those shares. So, even if the SMBIT owners were "dumb" and made no profit from strategic buying, and had to hire a couple of staff to manage the fund, they can sleep soundly and smiling every night, no matter what color stands out on the BTC/USD charts.

Tiny compared to the US deep state apparatus or the global banking cartel.  But it is quite a dog-wagger, n'est ce pas?

they acquire gold/money from killing people and trading weapons, beside they are probably supported/trained by the US, same was with Al-Qaeda...the easiest way to get Bitcoin without going through Radar is  if investing in hardware and start mining  

Monkey is bullish intraday, for at least 3 hours forward, considers 614 a significant bottom.
Monkey keeps flip-flopping on the daily scale, considers 444 support, 635 has some residual but declining resistance potential.
Monkey remains steadfastly bullish on weekly and longer scales.

Basically, monkey is stuck in the same posture lo the past couple of weeks, and could use some yoga or something.

EDIT: monkey just went neutral intraday.

Prices are relatively flat so far this morning. Pretty stoked that we stabilized off so far without such a sharp correction from the last rally

Knock over an Iraqi bank, like ISIS?  (Isn't that the most Ian Fleming name you can think of? I won't call this a true story.)

"Find" a cargo plane load full of pallets of us$100 notes?  (True story: one of three was misplaced by the Bremer "administration" during the US occupation of Iraq.)

Slip tungsten into a good delivery bar?  (Bars in HK and NYC keep turning up with similar-density filler metal discovered on testing.)

Explanation

Coindesk reports:

> Geoff Bascand, deputy governor and head of operations at the Reserve Bank of New Zealand (RBNZ) has said that digital currencies could one day evolve to supplant cash as we know it.

This appears to be an emerging consensus among central bank officials in the Anglo-american axis of evil and derivative economies, such as China.

Going, going, ... not yet gone.

buy from who ? on exchanges ? how do you think they will achieve that ? oh or maybe Satoshi will sell them some....

One and the same aren't they, perhaps it will be the governments of the world who will do the fiat to BTC transaction as isis etc would probably find it harder to get significant funds to exchanges. In fact, maybe thats why the French stole the customer funds from the exchange that got shut down yesterday...

I hope at least this time my predictions will be good - as I really see a wave coming
Just wait few hours and I am pretty sure we will see $640 - if not - my predictions not good.

("If you watch this show.... and I hope you do")
 
It must be a sign....

Colber' is god...

(something about anselm's ontological argument (of which SC is somewhat of a fan)


Therefore the pope fud is hereby null and void - and we must be going up.

Still going short on Donkeys though