Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Last of the V8s]

someone read the thing https://ethereumworldnews.com/is-august-10th-d-day-for-the-bitcoin-etfs-filed-by-the-cboe-at-the-sec/

Within 45 days of the date of publication of this notice in the Federal Register or within such longer period (i) as the Commission may designate up to 90 days of such date if it finds such longer period to be appropriate and publishes its reasons for so finding.(ii) as to which the Exchange consents, the Commission will: (a) By order approve or disapprove such proposed rule change, or (b) institute proceedings to determine whether the proposed rule change should be disapproved.

The notice was dated June 26th but published on July 2nd. The August 10th date was reached by adding 45 days to the June 26th date. Therefore, there is high chance that we might have to wait a bit longer than August 10th given the statement highlighted above from the published notice.

[JayJuanGee]

Played with different SMA intervals, until 3 bottoms lined up perfectly (at 56-hour SMA):



Looks like a falling wedge:

https://www.investopedia.com/university/charts/charts7.asp

When the pattern completes, and the price breaks out of wedge, it is usually in the opposite direction the wedge was pointed. This is why it is called a reversal pattern. For example, if a wedge is angled downward—called a "falling wedge"—the price will often break above the top of the pattern and rally.

Bullish.

I believe that there are three theories about the falling wedge.  One theory is the one that you said... price falls, and then it breaks above and starts to go up.  Another theory is that price tends to go in the direction of the trend, and therefore, price continues to fall.  The third theory is that price goes sideways.  BIG theories with a lot of predictive importance.   

[Phil_S]

Who would have thought that you could take down two skyscrapers with a bunch of box cutters?

Not me. I am of the opinion that the governments official conspiracy theory is one of the least plausible of the many conspiracy theories I have encountered regarding that event.

I think Skripal poisoning case takes the cake. Absolutely no one believes the official theory.

[JayJuanGee]

Fuck it. Let's all just dump into convertibles and personal watercraft. I'm sure we'd be happier for it. Giddy like school boys.

Sure, pull a bit of profits, here and there.  We want to have some fun.

There were several guys posting about all the toys that they bought in bitcoin when the price rose to $700, and they were posting similar things when the price rose to $2k.. but surely some short-lived gratification, since they could have bought 10-20 of those same things with the same amount of bitcoin or even at today's prices 3-8 of those same things.... gratification versus deferred gratification with an appreciating asset such as bitcoin.

For anyone who has been into bitcoin for 2 or more years, because our investment into bitcoin has done so well, it is quite likely that we could still buy some pretty nice shit, and only pull out relatively small amounts along the way.... and even if we kind of over extended, and we need a bit of cash flow, we can still pull out small portions at these $6k prices and still be decently profitable by balancing our pull outs.

Some of the guys (and gal) who are putting so much emphasis on their consumer good purchases, seem to either be really short sighted in valuing their wealth in fiat or they are purposefully trolling the folks participating in/reading this thread.

[LFC_Bitcoin]

Fuck it. Let's all just dump into convertibles and personal watercraft. I'm sure we'd be happier for it. Giddy like school boys.

Sure, pull a bit of profits, here and there.  We want to have some fun.

There were several guys posting about all the toys that they bought in bitcoin when the price rose to $700, and they were posting similar things when the price rose to $2k.. but surely some short-lived gratification, since they could have bought 10-20 of those same things with the same amount of bitcoin or even at today's prices 3-8 of those same things.... gratification versus deferred gratification with an appreciating asset such as bitcoin.

For anyone who has been into bitcoin for 2 or more years, because our investment into bitcoin has done so well, it is quite likely that we could still buy some pretty nice shit, and only pull out relatively small amounts along the way.... and even if we kind of over extended, and we need a bit of cash flow, we can still pull out small portions at these $6k prices and still be decently profitable by balancing our pull outs.

Some of the guys (and gal) who are putting so much emphasis on their consumer good purchases, seem to either be really short sighted in valuing their wealth in fiat or they are purposefully trolling the folks participating in/reading this thread.

I wouldn’t believe half of the crap some people say on here Jay.

People with a load of money don’t tend to brag about it, they’d rather be discrete. Nobody of any real means wants others to know their personal wealth.

I’m pretty confident of that btw.

[Elwar]

So...the Bitcoin volatility index is down to 3.5% (down from over 7% in December). Back in 2016 it was down under 1% just before the price started to move upwards. Same in January 2013 and August 2013 (1.7%).

I think that the volatility index will come down next month, bitcoin will be boring, and the price will start it's move up from there (or it might take a couple of months to come down).

[infofront]

Fuck it. Let's all just dump into convertibles and personal watercraft. I'm sure we'd be happier for it. Giddy like school boys.

Sure, pull a bit of profits, here and there.  We want to have some fun.

There were several guys posting about all the toys that they bought in bitcoin when the price rose to $700, and they were posting similar things when the price rose to $2k.. but surely some short-lived gratification, since they could have bought 10-20 of those same things with the same amount of bitcoin or even at today's prices 3-8 of those same things.... gratification versus deferred gratification with an appreciating asset such as bitcoin.

For anyone who has been into bitcoin for 2 or more years, because our investment into bitcoin has done so well, it is quite likely that we could still buy some pretty nice shit, and only pull out relatively small amounts along the way.... and even if we kind of over extended, and we need a bit of cash flow, we can still pull out small portions at these $6k prices and still be decently profitable by balancing our pull outs.

Some of the guys (and gal) who are putting so much emphasis on their consumer good purchases, seem to either be really short sighted in valuing their wealth in fiat or they are purposefully trolling the folks participating in/reading this thread.

I wouldn’t believe half of the crap some people say on here Jay.

People with a load of money don’t tend to brag about it, they’d rather be discrete. Nobody of any real means wants others to know their personal wealth.

I’m pretty confident of that btw.

Don't overestimate a stupid person with a lot of money. 

[Wekkel]

Zero Hedge seems to turn bullish again: https://www.zerohedge.com/news/2018-07-12/steve-cohen-invests-crypto-hedge-fund

[criptix]

anunymint got banned (again). It seems this was his 2nd acc. Dude was evading his ban lol. I wonder what was the reason for his 1st ban...

Was it plagiarism?

lol  

Shelby is one of the most intelligent user on this board.



Imho it is time to remove his ban - he didnt post from an alt for quite the time before he made a new account again.

[LFC_Bitcoin]

anunymint got banned (again). It seems this was his 2nd acc. Dude was evading his ban lol. I wonder what was the reason for his 1st ban...

Was it plagiarism?

lol  

Shelby is one of the most intelligent user on this board.



Imho it is time to remove his ban - he didnt post from an alt for quite the time before he made a new account again.

He’s posting from low ranked accounts. They probably don’t hold any monetary or personal value to him. He can quite easily create a new account from a new ip & begin posting again.

[criptix]

anunymint got banned (again). It seems this was his 2nd acc. Dude was evading his ban lol. I wonder what was the reason for his 1st ban...

Was it plagiarism?

lol  

Shelby is one of the most intelligent user on this board.



Imho it is time to remove his ban - he didnt post from an alt for quite the time before he made a new account again.

He’s posting from low ranked accounts. They probably don’t hold any monetary or personal value to him. He can quite easily create a new account from a new ip & begin posting again.

Thats not the point, he was banned for multiposting.

After a short time he accepted his ban and stopped posting for several months.

I think that is enough and his ban should be lifted - but i will move this to Meta; here is the wrong place to discuss it.

[mindrust]

anunymint got banned (again). It seems this was his 2nd acc. Dude was evading his ban lol. I wonder what was the reason for his 1st ban...

Was it plagiarism?

lol  

Shelby is one of the most intelligent user on this board.



Imho it is time to remove his ban - he didnt post from an alt for quite the time before he made a new account again.

He’s posting from low ranked accounts. They probably don’t hold any monetary or personal value to him. He can quite easily create a new account from a new ip & begin posting again.

Thats not the point, he was banned for multiposting.

After a short time he accepted his ban and stopped posting for several months.

I think that is enough and his ban should be lifted - but i will move this to Meta; here is the wrong place to discuss it.

He was fucking all over the forum. I am glad theymos banned him. Copy/pasting old posts and trying to answer everybody like a mad man.

The reason for his 1st ban was excessive posting. Why can't he keep it smaller&simple?

In the end, after mentioning infinite number of problems (so he says) about segwit/LN and spamming it on everywhere, he didn't come up with a solution neither. He was annoying.

[JayJuanGee]

And there we go; breaking yesterday's mempool high.

Did my comment the other day start all this mempool talk I have been seeing lately? I don't remember anyone replying to it so I thought it had no impact but I also don't remember people talking about the mempool so much before it so maybe it had more impact than I thought.


Holy wow. When they ban someone for life they REALLY ban them. Every thing he ever posted and even posts that were a reply to him; vanished.

Yeah, that's at least the 4th time he's been banned.
Even if you don't care for him or his ideas, it's hard to argue that he's not a net benefit to this forum.

to be honest I hope we don't make the mistake to overhear and underestimate warning comments. We should avoid living in an echo-chamber, accept critical opinions and reavaluate our knowledge from time to time.

It is quite difficult to get banned from this forum.. so it seems that your comments and/or behavior have to be pretty fucking egregious to  rise to the ban level.

Furthermore, even though bitcoin naysayers get attacked in threads like this, if they make reasonable points, then they seem to be quite allowed to make their points, including seemingly smart dumb asses like roach and BJA.. and there are quite a few others that roll in from time to time, without necessarily going onto a BIG ass list of names... in other words, this place seems to be a long way from serving as an echo chamber... furthermore, there is all kinds of bitcoin is dying bullshit and misinformation in the mainstream media, so I question really the value of NOT beating those people down when they attempt to present their traditional investment (bitcoin baby brains, ponzi scheme, BIG blocks are better, repeal segwit, alt coin (PM) distraction pumping, bitcoin mirage and blah, blah, blah) bullshit here..

[Last of the V8s]

Guys, yo' game, step it up yo

[infofront]

Continue sending comments to the SEC as earlier mentioned in the following ways:

Please note that the file number for the BTC ETFs on the SEC website is SR-CboeBZX-2018-040.

    Online form
    Comments can be submitted via this link
    Look for SR-CboeBZX-2018-040
    There should be a Submit comments section

    Email
    Send comments to rule-comments@sec.gov.
    The subject line of your message must include the File Number for the rule. This is the number that begins “S7-” or “SR-”.
    If you attach a document, indicate the format or software used (e.g., PDF, Word Perfect, MS Word, ASCII text, etc.) to create the attachment. Please note that the SEC now accepts comment letters in PDF format. DO NOT submit attachments as HTML, GIF, TIFF, PIF, ZIP, or EXE

   Using the traditional ‘Snail Mail’

    Send 3 copies of your paper comment letter to:

    Brent Fields, Secretary
    Securities and Exchange Commission
    100 F Street, NE
    Washington, DC 20549-0609

    Each copy must list the “File Number” for the rule. This is the number that begins “S7-” or “SR-”.

[infofront]

Guys, yo' game, step it up yo

Can we please get some "representatives" who aren't ignorant pieces of shit?



("...says the guy with the Donald Trump avatar." I beat you lefties to it.)

[JayJuanGee]

Surely they want in on the pie themselves, though? Or are they the only honest bureaucrats on the planet?
Rules are made for bending and often blatant breaking.

I would've thought the first rule of bureaucracy was - cover your arse.

Second rule - choose the path of least resistance.

But I guess an SEC person will be a slightly more exotic breed.

If your newly appointed, then your rule might be to make america great again, whatever the fuck means?   

[criptix]

anunymint got banned (again). It seems this was his 2nd acc. Dude was evading his ban lol. I wonder what was the reason for his 1st ban...

Was it plagiarism?

lol  

Shelby is one of the most intelligent user on this board.



Imho it is time to remove his ban - he didnt post from an alt for quite the time before he made a new account again.

He’s posting from low ranked accounts. They probably don’t hold any monetary or personal value to him. He can quite easily create a new account from a new ip & begin posting again.

Thats not the point, he was banned for multiposting.

After a short time he accepted his ban and stopped posting for several months.

I think that is enough and his ban should be lifted - but i will move this to Meta; here is the wrong place to discuss it.

He was fucking all over the forum. I am glad theymos banned him. Copy/pasting old posts and trying to answer everybody like a mad man.

The reason for his 1st ban was excessive posting. Why can't he keep it smaller&simple?

In the end, after mentioning infinite number of problems (so he says) about segwit/LN and spamming it on everywhere, he didn't come up with a solution neither. He was annoying.

Please, shelby has more IQ then the population of the city where you live - together.

If you dont see the value in his posts i cant really help.

The multiposting was a bit annoying, but he got punished for it and it should be fine now.

[JayJuanGee]

I sold all the way up, Bro.  I was down to dust at the top. Bought some really cool night vision goggles on purse.io.  I can't really use them on the SeaDoo I bought before that. Or the convertible. or the other convertible. or the motorcycle. or the house. How u doin?

Lol, guy bragging about how he liquidated all his bitcoin for a bunch of depreciating assets to stroke his own ego.... to Bitcoin holders who are in it for the long term gains and possibly early retirement.

How about we won't be broke in 10 years. Like u, Bro?

I get a regular stream of income from my masternode. The amount varies depending on trading price, but I don't have to worry about market timing which admittedly I suck at.

You also suck at controlling your emotion, which means that we can almost never rely on you to keep your word to sell all your BTC and to never come back... hahahahhahahaha...

You are going to be in and out of bitcoin as long as you have free will to hit the "buy" button. So, yeah, we are likely stuck with you, and your many seemingly pumping and dumping warts, too.   

[cAPSLOCK]

oh hey they nuked shelby yet again , but not
i've a couple of archives of his recent oeuvre, but nothing substantial. did anyone get it all down? pm ok

Pretty sure he nukes himself.