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

[UngratefulTony]

...
and that's with a stable price in last 3months. Where is the volume coming from?  can't be same people selling to themselves just to pay exchange fees 

The Ransomware and Shitcoin Trading sectors seem to be banging on all cylinders, transactional usage is flat for some reason.   

[1714620789]

1714620789

[1714620789]

1714620789

[1714620789]

1714620789

[1714620789]

1714620789

[r0ach]

and that's with a stable price in last 3months. Where is the volume coming from?   can't be same people selling to themselves just to pay exchange fees  

The price was like $645 in India yesterday.

[UngratefulTony]

and that's with a stable price in last 3months. Where is the volume coming from?   can't be same people selling to themselves just to pay exchange fees  

India pumping Bitcoin to Uranus.

Du u have a related steem article I may reference?

[r0ach]

Du u have a related steem article I may reference?

No, but you may read this:

The sequence of events of WWII without US, Russian, or Jewish propaganda, and why history repeats with the rise of the alt-right being unstoppable: http://www.youtube.com/watch?v=Vnu5uW9No8g

[Karartma1]

So there are only BTC1.8k new BTC mined daily. Volume wise we got about:
BTC4k @ Bitfinex USD/BTC
BTC4k @ Btc-e USD/BTC
BTC3k @ Stamp USD/BTC
BTC3k @ Coinbase USD/BTC
BTC3k @ Kraken EUR/BTC
BTC1.8k daily Gemini auction
BTC1k @ LocalBTC USD/BTC

or about BTC20k/day volume from somewhat believable sources

+BTC21MM CNY/BTC

and that's with a stable price in last 3months. Where is the volume coming from?  can't be same people selling to themselves just to pay exchange fees 

I think it is one thing only: fractional-reserve
https://bitcointalk.org/index.php?topic=945881.0

Read that thread and most of your questions will be answered. At first I would not believe that was happening but it is.

[DaRude]

So there are only BTC1.8k new BTC mined daily. Volume wise we got about:
BTC4k @ Bitfinex USD/BTC
BTC4k @ Btc-e USD/BTC
BTC3k @ Stamp USD/BTC
BTC3k @ Coinbase USD/BTC
BTC3k @ Kraken EUR/BTC
BTC1.8k daily Gemini auction
BTC1k @ LocalBTC USD/BTC

or about BTC20k/day volume from somewhat believable sources

+BTC21MM CNY/BTC

and that's with a stable price in last 3months. Where is the volume coming from?  can't be same people selling to themselves just to pay exchange fees 

I think it is one thing only: fractional-reserve
https://bitcointalk.org/index.php?topic=945881.0

Read that thread and most of your questions will be answered. At first I would not believe that was happening but it is.

But that's exactly why Finex implemented the the multisig with BitGo for easy auditing.. right?  RIGHT??

[savetherainforest]

Du u have a related steem article I may reference?

No, but you may read this:

The sequence of events of WWII without US, Russian, or Jewish propaganda, and why history repeats with the rise of the alt-right being unstoppable: http://www.youtube.com/watch?v=Vnu5uW9No8g

Bitcoin is the Hitler of our times! (*edit: but without the unwillingness(*edit2: of the people))

[PaymyBills]

I can see a pump coming soon. The market still good for crypto and its start show a good reversion. Price will up very well

[gentlemand]

and that's with a stable price in last 3months. Where is the volume coming from?  can't be same people selling to themselves just to pay exchange fees 

Because there's over 15 million potential other coins ready to be sold? And why wouldn't the same bunch of people be buying and selling the same coins to each other? With leverage you don't need vast movements to be making money.

[DARKHOLDER]

I can see a pump coming soon. The market still good for crypto and its start show a good reversion. Price will up very well
[/quote
Price will skyrocketing on 1 November when all Japanese allows to pay they bills in btc..then  1k incoming :-)

[becoin]

Because there's over 15 million potential other coins ready to be sold?

Really?
Do you have any idea how many dollars, euros, pounds, yen and potential other fiat is ready to be sold?

[gentlemand]

Plenty. I just find it weird that people seem to put so much weight on mined coins. There seems to be constant confusion between supply and production. There are of course less new ones arriving every day. That doesn't mean the ones that have been already produced suddenly float away like magic.

[Hugroll]

I can see a pump coming soon. The market still good for crypto and its start show a good reversion. Price will up very well
[/quote
Price will skyrocketing on 1 November when all Japanese allows to pay they bills in btc..then  1k incoming :-)

wait what japan is introducing bill payments with btc? i hadnt heard anything about that. hopefully we see a price surge soon.

[Karartma1]

So there are only BTC1.8k new BTC mined daily. Volume wise we got about:
BTC4k @ Bitfinex USD/BTC
BTC4k @ Btc-e USD/BTC
BTC3k @ Stamp USD/BTC
BTC3k @ Coinbase USD/BTC
BTC3k @ Kraken EUR/BTC
BTC1.8k daily Gemini auction
BTC1k @ LocalBTC USD/BTC

or about BTC20k/day volume from somewhat believable sources

+BTC21MM CNY/BTC

and that's with a stable price in last 3months. Where is the volume coming from?  can't be same people selling to themselves just to pay exchange fees 

I think it is one thing only: fractional-reserve
https://bitcointalk.org/index.php?topic=945881.0

Read that thread and most of your questions will be answered. At first I would not believe that was happening but it is.

But that's exactly why Finex implemented the the multisig with BitGo for easy auditing.. right?  RIGHT??

I personally would like to have an answer for that but I don't: But I definitely quote the following

Q: I don’t believe you, I don’t understand the problem and I don’t really mind. Are you just another conspiracy theorist?

A: We’re not conspiracy theorist and whether or not you don’t get our point it’s in your best interest not to store your BTC in any third party exchanges for too long.
Do you want to be the next Mintpal, Mt.Gox, Bitstamp etc. sad customer?

So, even more if you think we said a bunch of bullshits just bear in mind our golden rule

DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK

[JayJuanGee]

Plenty. I just find it weird that people seem to put so much weight on mined coins. There seems to be constant confusion between supply and production. There are of course less new ones arriving every day. That doesn't mean the ones that have been already produced suddenly float away like magic.

Yep, exactly. 


Any analysis concerning overall price pressures remains greatly incomplete if it fails to account for existing supply along with daily increased supply.

Also, in the end, there are considerable difficulties knowing exactly the various price pressures on bitcoin.  We can look at changes in the volume on various exchanges and transactions on the blockchain, but we cannot really know for sure if there are some parties holding back and preparing to pump in one direction or another - however, if we see increased trade volume, we can attempt to assess that there may be testing of the price in one direction or another.

Overall, if all factors are kept constant (assuming), after a few months, the actual halvening seems like it is going to inevitably put upwards price pressures on bitcoin, whether we can exactly perceive when it kicks in or not.

[gentlemand]

https://techcrunch.com/2016/10/06/trust-disrupted-bitcoin-the-blockchain-six-episode-series/

https://www.youtube.com/watch?v=0gYkqsxi2gc

Here's something other than this thread for people to stare at with their mouths hanging open. It's presented by the bloke who wrote Digital Gold which I really rate.

[JayJuanGee]

https://techcrunch.com/2016/10/06/trust-disrupted-bitcoin-the-blockchain-six-episode-series/

https://www.youtube.com/watch?v=0gYkqsxi2gc

Here's something other than this thread for people to stare at with their mouths hanging open. It's presented by the bloke who wrote Digital Gold which I really rate.

The content description in the linked article seems pretty interesting, and reveals that all parts of the six episodes series is coming out next week with two episodes released on 10/10.

[Meuh6879]

[Meuh6879]

We wait ...

[hv_]

Try to plot that against GBP / Sterling ...