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Question: Closing BTC Price June 28:
$0 - 5 (3.2%)
<$7,000 - 4 (2.5%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.6%)
$8,500-$8,999 - 3 (1.9%)
$9,000-$9,499 - 4 (2.5%)
$9,500-$9,999 - 27 (17.2%)
$10,000-$10,499 - 24 (15.3%)
$10,500-10,999 - 12 (7.6%)
$11,000-$11,499 - 14 (8.9%)
$11,500-$12,000 - 15 (9.6%)
>$12,000 - 35 (22.3%)
>$20,000 - 13 (8.3%)
Total Voters: 157

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21243450 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. (66 posts by 16 users deleted.)
toknormal
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February 14, 2018, 12:36:24 PM


Wait... you are comparing public order book market depth of BTC on a SINGLE exchange (and single currency pair) to full marketcap of Tether while also assuming it is 100% unbacked?

I am not sure that is a fine comparison.... If you would just vaguely say that "in case Tether is unbacked it could have an undetermined impact on BTC price", that statement would be right though.

It doesn't matter if it's 100% backed, fractional or zero reserve. I don't really care. What matters is the proportion of bitcoin's valuation which is occupied by counterparty risk and liquidity.

If the valuation is market backed, that's one thing. If it's backed by a single counterparty then it's slowly turning it into a type of bond who's value basis depends more on the fate of a lone corporate entity registered in the Virgin Islands than anything else.

Think of it like the market version of a 51% mining attack. (Except with faked hashrate that didn't cost any electricity).

If I was an adversarial government institution wanting to "take down" bitcoin I can think of worse ways to do it.
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micgoossens
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February 14, 2018, 12:44:18 PM

exciting for the new poll prices Wink     specialy during such pumps
bitserve
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February 14, 2018, 12:45:43 PM


Wait... you are comparing public order book market depth of BTC on a SINGLE exchange (and single currency pair) to full marketcap of Tether while also assuming it is 100% unbacked?

I am not sure that is a fine comparison.... If you would just vaguely say that "in case Tether is unbacked it could have an undetermined impact on BTC price", that statement would be right though.

It doesn't matter if it's 100% backed, fractional or zero reserve. I don't really care. What matters is the proportion of bitcoin's valuation which is occupied by counterparty risk and liquidity.

If the valuation is market backed, that's one thing. If it's backed by a single counterparty then it's slowly turning it into a type of bond who's value basis depends more on the fate of a lone corporate entity registered in the Virgin Islands than anything else.

Think of it like the market version of a 51% mining attack. (Except with faked hashrate that didn't cost any electricity).

If I was an adversarial government institution wanting to "take down" bitcoin I can't think of a much more effective way to do it.

I don't agree with that. If it were unbacked yes, it would have an (undetermined) impact for sure.

But, if it is BACKED, it doesn't really matter if it goes south (ie: funds seized by government)... It will sink Tether holders, not BTC.

The thing that matters the most is if it was a REAL growth (backed) or an artificial/inflated one (unbacked).
rjclarke2000
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February 14, 2018, 12:46:04 PM

https://media2.giphy.com/media/3ohnEqJ1XOfvWaSk7e/giphy.gif



Came here for the rockets
JimboToronto
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February 14, 2018, 12:46:12 PM

Looks like this rally has slowed for now. Back to bed for me.

See y'all at noon.
HairyMaclairy
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February 14, 2018, 12:46:42 PM
Merited by ErisDiscordia (2), infofront (1)

toknormal
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February 14, 2018, 12:47:51 PM


I don't agree with that. If it were unbacked yes, it would have an (undetermined) impact for sure.

But, if it is BACKED, it doesn't really matter if it goes south....The thing that matters the most is if it was a REAL growth (backed) or an artificial one (unbacked).

It's unbacked. You can take that as a given.
vroom
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a Cray can run an endless loop in under 4 hours


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February 14, 2018, 12:48:16 PM

-chart-

what do we see here? please comment your chart for newbies like me.
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Smile


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February 14, 2018, 12:49:33 PM
Merited by ErisDiscordia (1)

-chart-

what do we see here? please comment your chart for newbies like me.

trendline breaking
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February 14, 2018, 12:51:03 PM






Came here for the rockets
HairyMaclairy
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February 14, 2018, 12:51:51 PM

We have (barely) broken the downward channel which has dominated since $17k.   Even if the pump doesn’t hold, the channel is now vulnerable.  It could be the end of the bear market.
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February 14, 2018, 12:59:11 PM


I don't agree with that. If it were unbacked yes, it would have an (undetermined) impact for sure.

But, if it is BACKED, it doesn't really matter if it goes south....The thing that matters the most is if it was a REAL growth (backed) or an artificial one (unbacked).

It's unbacked. You can take that as a given.


I have my suspicions about it, yes.  But then we would need to talk about/know what percentage is backed/unbacked to have some remote glimpse of what could have been its impact. I don't think there is any simple way to calculate that even to a ballpark figure.

Anyway... let's go back to the party for now? Smiley
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Clean Code and Scale


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February 14, 2018, 01:00:44 PM

Oh look. THere's a 200 coin ask wall being eaten on Stamp.

Isn't wall observation fun?

You just earned the last "1 in 200 pages ON TOPIC merits".

 Wink
Last of the V8s
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February 14, 2018, 01:02:11 PM

Now let's make a bull pennant. I like those.
rjclarke2000
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February 14, 2018, 01:09:04 PM

Who remembers having WO page:btc parity
gembitz
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February 14, 2018, 01:12:02 PM

Looks like this rally has slowed for now. Back to bed for me.

See y'all at noon.

come onnn jimbo..do something funny :-D haa #ralleymonkey
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February 14, 2018, 01:12:51 PM


Why do we always need to wait for Zerohedge to start posting to know what the reason for the pump is. Are there no "insiders" on here ?
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February 14, 2018, 01:13:40 PM
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Who remembers having WO page:btc parity
Easy, my friend. We all do.
In due time.
Just keep posting  Wink
Torque
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February 14, 2018, 01:15:27 PM


Why do we always need to wait for Zerohedge to start posting to know what the reason for the pump is. Are there no "insiders" on here ?

No. It's because robo-trading on technicals. "Reason" is made up and completely irrelevant.
d_eddie
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February 14, 2018, 01:19:16 PM


Why do we always need to wait for Zerohedge to start posting to know what the reason for the pump is. Are there no "insiders" on here ?

No. It's because robo-trading on technicals. "Reason" is made up and completely irrelevant.
Agree. It's just a little negative (minus) FUD, which as we know has less impact than positive (actual) FUD, which as we know has relative impact. It smells technical, definitely.
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