Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4982. (Read 26607956 times)

It feels like we're going to bounce between 38k and 40k for a few days at least...

Explanation

Yeah, but if we had been initially talking about getting an ETF, then the fact that there might be a variety of work-arounds might resolve the bitcoin exposure for some people but NOT really addressing anything close to the extent of a potential market that could be addressed by having a bitcoin ETF as a vehicle through which some folks could get exposure to bitcoin (especially pension funds and even individuals who get exposure through pension funds - such as through 401k-like vehicles or other of those currently status quo type retirement investment vehicles that have to jump through a decent number of regulatory hoops before they can provide exposure to clients using such investment vehicles, and a bitcoin ETF would likely be acceptable within a variety of those kinds of retirement-oriented investment funds.


In other words, if you cannot figure out a way to accomplish "why not both?" then:

Have fun staying poor.

By the way, I did not realize that the bible had such dumb stuff contained therein, or maybe there are just dumb fucks providing skewed and out of context interpretations.

In the current times, there are going to be all kinds of ways to attempt to both hold value and to prevent it from losing value - and surely there are some folks who do not want the masses of normies to be able to hold/store wealth, and sure there are likely needs to create incentives for people to work, so how much will it cost to get someone to clean your house for you, if you are not able (or willing) to clean it yourself?  If everyone is materially rich, then no one is going to want to clean the houses, and everyone will be searching for someone else to clean their house.  Maybe bitcoin fixes this by fixing the money, and there are still going to be people willing to clean the houses of other people.. perhaps? perhaps?


You believe that 3rd-party custody is just going to go away?  like magic?

No, "Generally" in this context is a qualifier statement. To elaborate on that I will state that those that do not fall into that category are some of the best as they have to deal with the pressure of the majority around them that push crap like "Family First" to justify putting their own comfort over others basic needs.

Touche

It is to stick around!

I was going to post this last night but decided to do it today, glad you did.

Is this one of those things they are trying to tack on to kill the bill or just a sneak attack?

I thought it was a entry requirement to be a nutcase?

Sherlock ain't got shit on our Homer!

I was wondering how long it would take him to show up and figure it out.

A couple of things should cover more than 99% of everyone and every corporation.

1. multi-sig
2. cold storage

Where even for most people as individuals, even just cold storage will do. Have either a hardware wallet, or a completely separate device sign the transactions. I use a tablet that is never connected to the internet. (yeah, I did not disable them physically though or remove the antenna ...)

The infrastructure bill has draconian kyc provisions on crypto.  Several senators propose an amendment to the bill.  Contact your own senator soonest.
https://www.fightforthefuture.org/actions/stop-the-senate-from-sneaking-through-total-surveillance-of-the-crypto-economy/

Oh dear, another nutcase found WO.

You will appreciate :


"Do not store up riches for yourselves here on earth, where moths and rust destroy, and robbers break in and steal. Instead, store up riches for yourselves in heaven, where moths and rust cannot destroy, and robbers cannot break in and steal. For your heart will always be where your riches are." –Matthew 6:19-21

They will hire the tech guys to secure their assets this will not be a problem.

Explanation

Re-accumulation incoming or healthy correctly before further upside?

The descending triangle was a complete bear trap, unsurprisingly in a long-term bull-trend, however the $40K level remains as strong resistance.



Hash Ribbons buy signal is getting closer, though with price currently correcting is unlikely to signal a buy opportunity in the immediate future:



As long as price holds the short-term 0.618 fib replacement level at $37,570, then admittedly there's nothing to suggest that $30K will be re-tested of lower prices are to come.



Why tradingview images no work anymore 

I would say that, so far in this particular correction over the past 5 days or so, we have not really had any sharp dump, and we have been bouncing around with a kind of gradual decline for the past 5 days or so, but we also likely can appreciate that gradual declines could lead to sharp dumpenings at some point too, in the event that a pumpening does not come first.   

So, sometimes when guys start to get excited and talk about either the $28,600 bottom being "in" or speculating that we are going to be visiting new ATHs imminently, we gotta be careful about presuming too much UPpity before getting sufficiently out of the $30k-ish doldrums.

I don't want to be any kind of a negative nancy, for sure, but sometimes it takes some time to get through these kinds of consolidation periods - and surely these tend to bring decently good times for bitcoin newbies to get started and to have some time to set up accounts, do some learning about bitcoin and establish some kind of a bitcoin base - but never really seem to be the times that newbies are getting us out of these kinds of messes and establishing a good foundation for their lil selfies..

It's not too often that we hear about the newbies getting gung ho during periods like this, whether we are talking about in real life interactions or even the various interactions that we might have online... Do we see newbies coming to threads like this and proclaiming that they have set up bitcoin accounts, they are reading about bitcoin and that they are establishing their bitcoin base - sure it happens, but not that common of a dynamic... Seems to me that it is probably just various long time HODLers who continue to hodl, refuse to sell their coins and just picking up coins at the bottom to the extent that they can from time to time before we finally break out - presumably UPwardly at some point.....

Yeah, yeah, yeah.. like the rest of us longer term HODLers and accumulators, I would prefer to experience a wee bit MOAR UPpity (and especially breaking above $46k) sooner rather than later, but what you going to do, what you going to do in the meantime besides just live your life? 

I mean that these should not be really especially trying times for us longer-term HODLers when we are looking at about 3.8x up from early September (so nearly 10 months now), but sure those folks entering in the past less than 6 months might be still nervous, but still have trouble appreciating the truly longer term investors being so nervous, even though I can appreciate that there are circumstances that the majority of the investment wadds could have been blown too early, including the buying of BTC on the dip all the way down from $50ks into the upper $40ks and then running out of the vast majority of investment cashflow before we even reached the $30ks.. but at the same time, since we have been in these $30k doldrums for about 2.5 months, there should have been some opportunities to pick up a few coins in the $30ks... and so that could be the bright side of this whole matter, including perhaps just continuing to have a bit more time to pick up some coins in the $30ks.. perhaps? perhaps?  Actually, when you think about it, 2.5 months is not really a very long time to be in the duldrums.. so not sure if we are going to be here a lot longer and I suppose that some of the frustration does come because we are "supposed to be" in a bull market.. and gosh looking at 2013, we could see that there are possibilities to stay in a down doldrum for 6 months or so and still stay in a kind of bullmarket with a blow off top at the end.. and that one had gone 5x from the previous top and the blow off top played out in just a few months.. and for some reason it seems that our current situation would not end up playing out with too much similarity to the 2013 period.. but who knows? 


Sure Dabs, but seems to me that the excitement about possible US based ETFs has to do with so much US money being tied up into a variety of retirement funds that are way more conservative in terms of what they are willing and able to do in order to get exposure to their funds or the individuals within those funds to be able to select something with BTC exposure within the funds.

I do appreciate your point that with the passage of time, there are folks finding work around ways to get exposure to BTC, but I still think that there are a lot of folks who appreciate the officialdom of an ETF fund - because there does seem to be quite a bit of capitalization / accountability requirements in such a fund - even if it might have some weird ways of being designed in terms of how us direct BTC HODLers might consider to be BTC exposure.

It would be hard to imagine scenarios that a US based bitcoin ETF would not be bullish for bitcoin, and sure in terms of bitcoin's price going up, it is likely going UP whether there is an ETF or not, but we do live in a world that has a lot of financialization of a lot of products, so various kinds of financialization are seeming inevitable for bitcoin, whether they are more straight forward instruments, like and ETF or a large number of work arounds that might add up to very similar financialization dynamics, but merely with less straight forwardness.

Explanation