Wall Observer

[Norway]

Let's hope this makes the ETF be approved soon

 

[Bagatell]

from William (dev) coinigy trollbox

@Everyone we've got Gemini (Code: GMNI) data collection ready to go, once the exchange launches

 

[Georg Engelmann]

Worth reading: https://blog.gemini.com/and-were-live/

We have begun sending out invite codes so you can create and fund your account in preparation for trading, which officially begins on Thursday, October 8th at 9:30 AM EDT

Initially, Gemini will be operating in 26 US states and in Washington, DC. We plan to expand our coverage area rapidly, so stay tuned.

 

[humanitee]

So what do you guys think will happen?

1) Gemini + US Gov sale = 0
2) Gemini + US Gov sale = -
3) Gemini + US Gov sale = +

I think I'm a 1 but I'm not sure yet. I'm definitely not a 2.

 

[Fatman3002]

@humanitee

I've done some rough calculations:

1+2=3

I think it's pretty clear where this is heading. I would say it's mathematically proven.

 

[humanitee]

But.. but... 1 + 2 = 3 = 2Gemini + 2US Gov sale = +

 

[Norway]

3!

 

[Fatman3002]

@humanitee

What? You crazy!

But I've spotted some problems myself.

Cause even though 1+2=3,

3-2=1 and 3-1=2.

And

3+2=5 and 3+1=4?!?!?!

Sorry guys, I guess we're back to square one.

Edit: ah! Norway solved it for us!

 

[humanitee]

Genuinely lol'd fatman

I'm really surprised by how tepid the markets have been with all the news.

 

[Fatman3002]

@humanitee

I agree. There was both a dump attempt and a pump attempt, but they both failed.

I think speculators are waiting for some genuine selling or buying pressure.

 

[Norway]

Will we see a spike like when the Coinbase exchange launched 25.th of january?

 

[JayJuanGee]

Genuinely lol'd fatman

I'm really surprised by how tepid the markets have been with all the news.

Given the announcement of a November 5 auction of more than 44K BTC held by the Fed govt (previously Ross Ulbricht coins), could be possible that BTC markets are going to experience one more month of downward price pressures.

Surely, I would prefer to witness an upsurge in BTC prices before the Fed auction, yet it seems that each of the last three Fed auctions in the past 18 months had contributed towards either flat BTC prices or downward BTC price pressures, no?

 

[humanitee]

@JayJuanGee, yes I agree overall. I'm just surprised it hasn't moved one way or the other. The auction couldn't have been priced in (date wise, anyway) and Gemini should technically be priced in (though I doubt it is/was entirely). So you'd think it would have given one way or the other.

Something I've found interesting is the gap between Chinese exchanges and non-Chinese exchanges has been greater lately than in the past week. Last night it was as high as 6 dollars. The Chinese exchanges aren't really reacting to movement on other exchanges.

It's also been interesting to watch the volume churning happen on both Huobi and OkCoin, this leads me to believe it's not so much on the exchange side of things but rather some user churning volume on both exchanges. I don't trust them anyway, but it is important enough to note.

 

[awemany]

Is anyone else wondering why people who are very invested (in the money sense) in Bitcoin and its success are so quiet on the blocksize issue?

I have neither seen the Winklevii nor Barry Silbert commenting on the blocksize issue.

Are they simply believing the market will figure it out correctly? Are they uninformed(hard to believe)? What do others think?

 

[humanitee]

I think they're afraid to take a stance. Most payment processors (Coinbase, Bitpay, etc.) and exchanges have said "we want a bigger cap" but they haven't actually said which implementation they would favor, although Bitpay has explicitly stated BIP101.

I believe it's a combination of:
1) It's not immediately pressing so there is still a sliver of time left to debate the benefits of various implementations
2) They don't want to play favorites
3) They are hoping consensus is reached without their input
4) They know it's a very technical debate
5) They believe a better technical solution will be theorized

 

[humanitee]

Choo...

 

[Norway]

choo...

 

[humanitee]

Now we get to play the "does it look like that because everyone abandoned Bitfinex" or "does it look like that because there isn't any supply left at this level" or "does it look like that because shenanigans" game.

 

[Norway]

... no MF happening right now, lol!
Have you guys seen the ad from shapeshift?
"Remember, remember, to the moon in november"?
It freaks me out. Is it true? I understand the reference and the play with words. But still. Does it mean something? Does Voorhees know something? He he he he ...

EDIT: I'll publish the gif without the link here. Please don't ban me as an ad spammer

 

[Norway]

It's certainly climbing now, but not very fast. Are people getting nervous that institutional money from Wall Street may be pouring into our favourite crypto currency in three days? (The Euro version of Bitcoin Tracker One that launched today was certainly a release flop.)