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February 27, 2021, 09:54:11 PM *
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Question: When $60K? (EST time zone)
Feb. 21 - 7 (5.7%)
Feb. 22 - 19 (15.6%)
Feb. 23 - 13 (10.7%)
Feb. 24 - 9 (7.4%)
Feb. 25 - 8 (6.6%)
Feb. 26 - 9 (7.4%)
Feb. 27 - 3 (2.5%)
Feb. 28 - 4 (3.3%)
March - 28 (23%)
After March - 14 (11.5%)
Never - 8 (6.6%)
Total Voters: 122

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25182735 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
Torque
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June 21, 2017, 03:23:47 PM

Do you smell that? It's the smell of an epic short squeeze coming.
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conspirosphere.tk
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June 21, 2017, 03:27:04 PM

I consider altcoins a scaling solution. Profoundly censorship-resistant transfers of value are a serious business; there will always be plenty of new tokens out there for micro-transactions and shameless speculation. Every Doge will have its day.

I'd expect a sharp dot.com like wash out the next few months - (years).
There is not much room for 1k coins most like we have Amazon, Google, Ebay, Apple,Facebook. That's the market and off you go.

There will be washouts and more alts being born all the time. There is too much hot money washing around the globe to take any significant fraction of it onboard the tiny bitcoin boat, not to mention the pathetic tx limit.
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June 21, 2017, 03:53:06 PM

So what would you guys do. Imagine, you have created a startup which got 150 million funds in ETH? Just joking,its obvious! 
Would you sell it all immediately or would you sell it over the course of a month? How would you sell this 150 million? 

Because i am afraid, this ICO s**** will cause ETH sell of (I dont have any ETH) and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood...
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June 21, 2017, 04:23:01 PM

and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood...

That is nonsense. Why would any bitcoin hodler sell their bitcoins if ETHf goes down?
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June 21, 2017, 04:39:18 PM

and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood...

That is nonsense. Why would any bitcoin hodler sell their bitcoins if ETHf goes down?


So the last ICO got 150millions of fund in ETH. How does this ICO work? I fought people give ETH for some token, and the start up owner has ETH. So if you have 150 million of $ in ETH, why would you not sell it immediately?
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June 21, 2017, 04:47:18 PM

and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood...

That is nonsense. Why would any bitcoin hodler sell their bitcoins if ETHf goes down?


So the last ICO got 150millions of fund in ETH. How does this ICO work? I fought people give ETH for some token, and the start up owner has ETH. So if you have 150 million of $ in ETH, why would you not sell it immediately?

And the place of BTC here is... what?
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June 21, 2017, 05:03:21 PM

and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood...

That is nonsense. Why would any bitcoin hodler sell their bitcoins if ETHf goes down?


So the last ICO got 150millions of fund in ETH. How does this ICO work? I fought people give ETH for some token, and the start up owner has ETH. So if you have 150 million of $ in ETH, why would you not sell it immediately?

And the place of BTC here is... what?


Dunno about the hodlers, but I do expect some extra BTC volume if they route some of their dumps over exchanges that don't offer an ETH/fiat pair.
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June 21, 2017, 05:09:54 PM

and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood...

That is nonsense. Why would any bitcoin hodler sell their bitcoins if ETHf goes down?


So the last ICO got 150millions of fund in ETH. How does this ICO work? I fought people give ETH for some token, and the start up owner has ETH. So if you have 150 million of $ in ETH, why would you not sell it immediately?

you have $$$ in your pocket and someday a donkey kicks you in the head so you decide to invest in an ICO (joking of course).
your only option is to buy ETH. so you do, ETH price goes up. you pay for the ICO and become a bag holder.
those receiving 150 mil $ want to get $ which route do you think they will take:
1. ETH > BTC (1st ~0.2% trading fee) > US (2nd ~0.2% trading fee)
2. ETH > USD (1 ~0.2% trading fee)

so they sell it and get the free $$ in their pocket. ez pz
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June 21, 2017, 05:24:48 PM

1. ETH > BTC (1st ~0.2% trading fee) > US (2nd ~0.2% trading fee)

BTC bought and BTC sold. End result for BTC price is zero!
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June 21, 2017, 06:14:02 PM

BTC bought and BTC sold. End result for BTC price is zero!


The moral of today's story.
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June 21, 2017, 06:33:05 PM

BTC bought and BTC sold. End result for BTC price is zero!


The moral of today's story.

Well, poloniex ETH/BTC is the main market. So i assume most of this ICO ETH would go through bitcoin part... So i got scared...
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June 21, 2017, 06:38:41 PM

Well, poloniex ETH/BTC is the main market. So i assume most of this ICO ETH would go through bitcoin part... So i got scared...

Have you tried to withdraw a significant amount from Poloniex recently? No one's getting their limits raised and there are withdrawals frozen for quite a few punters. They've really shat the bed recently.

If I was something to do with ETH I would've done everything I could to move the market away from there.
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June 21, 2017, 06:50:18 PM

BTC bought and BTC sold. End result for BTC price is zero!


The moral of today's story.

Well, poloniex ETH/BTC is the main market. So i assume most of this ICO ETH would go through bitcoin part... So i got scared...

Why scared? To dump Bitcoin for FIAT they first need to buy Bitcoin. Net result is almost (arbitrage with other trading pairs) zero.

Also, if I had XXX millions in ETH I would probably not cash them all to FIAT inmediately.... But I wouldn't leave it all bet into one single coin... So most probably there will be some part they will just convert to BTC and hold. Net result positive.
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June 21, 2017, 06:54:03 PM

BTC bought and BTC sold. End result for BTC price is zero!


The moral of today's story.

Well, poloniex ETH/BTC is the main market. So i assume most of this ICO ETH would go through bitcoin part... So i got scared...

If you have ETHf you should be scared. If you have BTC you've nothing to worry about.
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June 21, 2017, 06:55:29 PM

Is anyone else surprised the market hasn't responded more positively to the recent developments RE:segwit?
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June 21, 2017, 06:58:17 PM

Is anyone else surprised the market hasn't responded more positively to the recent developments RE:segwit?

Segwit2X is not SegWit.
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June 21, 2017, 07:12:57 PM

Oh no, Bitcoin dominance back above 40%.

Quick, someone create another shitcoin and pump it!  Cheesy
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June 21, 2017, 07:17:41 PM
Last edit: June 21, 2017, 08:03:18 PM by wolongong

Well, poloniex ETH/BTC is the main market. So i assume most of this ICO ETH would go through bitcoin part... So i got scared...

Have you tried to withdraw a significant amount from Poloniex recently? No one's getting their limits raised and there are withdrawals frozen for quite a few punters. They've really shat the bed recently.

If I was something to do with ETH I would've done everything I could to move the market away from there.

I'm sure they'll shit on normal punters and even pull moderators from the trollbox to support a good fraction of an ICO like bancor. I'm completely blind to the notion that a Swiss foundation that is going through such an elaborate and incorporated offering offering will proxy their cash-in via a personal polo account opened via the website.

ETA: looks like it is coinbase shitting the bed at the moment though, see https://status.coinbase.com/
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June 21, 2017, 07:44:01 PM

Is anyone else surprised the market hasn't responded more positively to the recent developments RE:segwit?

It's a long way from being in the bag yet, and I still think there's a vast amount of confusion out there. Does it put any fork possibilities to bed? Who's in charge of the code? Will there be bodged changes in the final version? What does Core make of it? What does everyone who wasn't part of the NY thing think of it? Does it also include some type of greater power transfer to Chinese miners?

And on top of that traders have never really cared all that much about the scaling thing. It's the people who actually use it who do the most and they have less power over the price. 

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June 21, 2017, 07:52:42 PM

Why aint we going up up

Were going down 🙄🙄🙄🙄
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