Bitcoin Forum
September 25, 2022, 12:36:30 PM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Did we reach the bottom already?
Yes - 60 (50%)
No, it's coming later this year - 44 (36.7%)
No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

Pages: « 1 ... 19717 19718 19719 19720 19721 19722 19723 19724 19725 19726 19727 19728 19729 19730 19731 19732 19733 19734 19735 19736 19737 19738 19739 19740 19741 19742 19743 19744 19745 19746 19747 19748 19749 19750 19751 19752 19753 19754 19755 19756 19757 19758 19759 19760 19761 19762 19763 19764 19765 19766 [19767] 19768 19769 19770 19771 19772 19773 19774 19775 19776 19777 19778 19779 19780 19781 19782 19783 19784 19785 19786 19787 19788 19789 19790 19791 19792 19793 19794 19795 19796 19797 19798 19799 19800 19801 19802 19803 19804 19805 19806 19807 19808 19809 19810 19811 19812 19813 19814 19815 19816 19817 ... 31362 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25813414 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. (170 posts by 5 users with 9 merit deleted.)
gembitz
Hero Member
*****
Offline Offline

Activity: 1750
Merit: 636


*Brute force will solve any Bitcoin problem*


View Profile
March 08, 2018, 03:53:59 AM

For people to finally learn that price predictions are pure fine grade BS.

Or to not make investment decisions based on advice from random guys on a forum.

Take your pick  Wink


Is McAfee a random guy?

If price predictions are BS, what is the purpose of this board?

This board is fun to read, a lot of different kind of information can be obtained here, plenty of very interesting topics, often not closely related to Bitcoin - analytics, retrospective views, news, opinions, old news which you never were aware about at the time, lots of other stuff.
At the very least, this thread is good to read to improve English skills, which suffer a lot while reading some other topics of this same forum  Wink

Indeed I started to read this board to get price predictions, but then realized the predictions are the least interesting (and the least reliable too!!) part of discussions here Smiley. The rest is much more valuable.

Keep this up, guys!

P.S. And McAffee is indeed a random guy, btw. Doesn't seem trustworthy to me, honestly.

why i simply stuck around for the free beer! :-D weee
1664109390
Hero Member
*
Offline Offline

Posts: 1664109390

View Profile Personal Message (Offline)

Ignore
1664109390
Reply with quote  #2

1664109390
Report to moderator
1664109390
Hero Member
*
Offline Offline

Posts: 1664109390

View Profile Personal Message (Offline)

Ignore
1664109390
Reply with quote  #2

1664109390
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1664109390
Hero Member
*
Offline Offline

Posts: 1664109390

View Profile Personal Message (Offline)

Ignore
1664109390
Reply with quote  #2

1664109390
Report to moderator
slowlyslowly
Member
**
Offline Offline

Activity: 77
Merit: 24


View Profile
March 08, 2018, 03:58:27 AM



where are the Winklevii up to with their fund? Still awaiting SEC approvals?

They are appealing a negative decision.
It actually sucks for them as they initially submitted the application in 2013.
I was certain that they would get it approved in 2014 or 2015, hence did not invest any $ in GBTC (in IRA).
Oh, well.
Personally, I think that they were treated unfairly.
[/quote]

yes as i recall they were backing everything with their own bitcoins ie it was offering far more 'protection" for people investing in it than lots of other things introduced since. The authorities seemed to keep turning them done on the grounds that the bitcoin world was not as "settled" as fiat which was an impossible test to pass.
infofront (OP)
Legendary
*
Offline Offline

Activity: 2562
Merit: 2563


Shitcoin Minimalist


View Profile
March 08, 2018, 04:28:26 AM

I have a stupid question about Japan. Don't they believe in auctions?

They're a very polite society. Auctions are too confrontational.
jbreher
Legendary
*
Offline Offline

Activity: 2940
Merit: 1539


lose: unfind ... loose: untight


View Profile
March 08, 2018, 04:39:46 AM

How does the coinbase index fund actually work? For instance if you invest say $10k, does coinbase purchase and hold the various cryptos on their books to match the $10k investment?

https://www.google.com/search?q=coinbase+index+construction+methodology+asset+management+pdf
jbreher
Legendary
*
Offline Offline

Activity: 2940
Merit: 1539


lose: unfind ... loose: untight


View Profile
March 08, 2018, 04:41:21 AM

That’s just silly when you can do it yourself. 

Will convey preferred taxation considerations to some.
Paashaas
Legendary
*
Offline Offline

Activity: 3178
Merit: 3490



View Profile
March 08, 2018, 04:52:26 AM

I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.

Bullish AF!
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
March 08, 2018, 04:55:22 AM

Well 2018 turned out to be a shitty year for bitcoin

Yeah such a shitty year, and so short, too.  I cannot believe how fast it has gone by.   As you get older, years seem to go by faster and faster.


Seems like it has been only a couple of months and 2018 is already over... Fuck!!!!!   Cry Cry


Edit: ah hah!!!!!!!!   I see that olseh beat my post by 7 seconds.

Mame
Member
**
Offline Offline

Activity: 168
Merit: 14


View Profile
March 08, 2018, 04:58:50 AM

Bounce Bounce
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
March 08, 2018, 05:02:46 AM

I'm shitposting myself into the poorhouse. Smiley
JayJuanGee
Legendary
*
Offline Offline

Activity: 3122
Merit: 7151


ESG, KYC & AML are attack vectors on Bitcoin


View Profile
March 08, 2018, 05:03:00 AM

I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.

Bullish AF!

Yeah, but I believe that GOX started with 200k BTC, and over the past 3 months, they sold about 35k BTC.. which is hardly a blip in BTC's trading volume...  I think that there is fear about what they are going to do with the other 165k BTC, right?  Which I doubt that they are going to announce before they do anything, such as sell, right?
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
March 08, 2018, 05:20:11 AM

165k is less than 1% of supply.  If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.  
BTCMILLIONAIRE
Hero Member
*****
Offline Offline

Activity: 1358
Merit: 834



View Profile
March 08, 2018, 06:02:38 AM
Merited by edgar (1), Last of the V8s (1), RejectedBanana (1)

165k is less than 1% of supply.  If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.  
If volume is usually in the 10% range of the total supply then throwing an extra 1% on the market would increase volume by 10% (and thus to 11%). Let's say that of the 10% volume half is buy and half is sell pressure. If you now add 1% total supply to the sell side your sell pressure increases to 6%, which is now 20% higher than the buy pressure. This 20% figure is a bit more significant than 1% and in this case is more visible than the amount of extra coins are as a function of total supply.

tl;dr liquidity matters
explorer
Legendary
*
Offline Offline

Activity: 2016
Merit: 1259



View Profile
March 08, 2018, 06:11:04 AM

165k is less than 1% of supply.  If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.  
If volume is usually in the 10% range of the total supply then throwing an extra 1% on the market would increase volume by 10% (and thus to 11%). Let's say that of the 10% volume half is buy and half is sell pressure. If you now add 1% total supply to the sell side your sell pressure increases to 6%, which is now 20% higher than the buy pressure. This 20% figure is a bit more significant than 1% and in this case is more visible than the amount of extra coins are as a function of total supply.

tl;dr liquidity matters


And we allll know what happens when it gets turned up to eleven!
Lopumbo
Full Member
***
Offline Offline

Activity: 196
Merit: 102


View Profile
March 08, 2018, 06:23:32 AM

165k is less than 1% of supply.  If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.  

that just shows how shallow the market is

if less than 1% of supply can push the price ~70% down, one might wonder what happens if 2-3 whales just cash out, that can happen every day  Tongue
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
March 08, 2018, 06:23:41 AM

165k is less than 1% of supply.  If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.  
If volume is usually in the 10% range of the total supply then throwing an extra 1% on the market would increase volume by 10% (and thus to 11%). Let's say that of the 10% volume half is buy and half is sell pressure. If you now add 1% total supply to the sell side your sell pressure increases to 6%, which is now 20% higher than the buy pressure. This 20% figure is a bit more significant than 1% and in this case is more visible than the amount of extra coins are as a function of total supply.

tl;dr liquidity matters

Well said.  However the salient point is that the market demonstrates its immaturity by being so thinly traded.  Keep in mind we are dipping by the mere threat of the sale of 165k coins.  

Edit:  Lopumbo beat me to it by 9 seconds.  
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
March 08, 2018, 06:25:13 AM

Bitcoin “market cap”: $250 billion
Sale amount required to crash Bitcoin by over 65%: approximately $0.5 billion
House of cards, anyone? When a few whales finally decide to cash out, the party is over.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
March 08, 2018, 06:27:20 AM

Bitcoin “market cap”: $250 billion
Sale amount required to crash Bitcoin by over 65%: approximately $0.5 billion
House of cards, anyone? When a few whales finally decide to cash out, the party is over.

No, it will bounce like it has ten thousand times before - Bitcoin is Anti-Fragile.  OG whales are starting to get a bit thin on the ground, Loaded notwithstanding.  
BTCMILLIONAIRE
Hero Member
*****
Offline Offline

Activity: 1358
Merit: 834



View Profile
March 08, 2018, 06:34:19 AM

165k is less than 1% of supply.  If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.  
If volume is usually in the 10% range of the total supply then throwing an extra 1% on the market would increase volume by 10% (and thus to 11%). Let's say that of the 10% volume half is buy and half is sell pressure. If you now add 1% total supply to the sell side your sell pressure increases to 6%, which is now 20% higher than the buy pressure. This 20% figure is a bit more significant than 1% and in this case is more visible than the amount of extra coins are as a function of total supply.

tl;dr liquidity matters


And we allll know what happens when it gets turned up to eleven!
https://www.youtube.com/watch?v=KOO5S4vxi0o

Bitcoin “market cap”: $250 billion
Sale amount required to crash Bitcoin by over 65%: approximately $0.5 billion
House of cards, anyone? When a few whales finally decide to cash out, the party is over.
Where do I sign up for a 65% discount sale?
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
March 08, 2018, 06:38:36 AM

You guys play blindman's bluff until the cows come home. My eyes are wide open
explorer
Legendary
*
Offline Offline

Activity: 2016
Merit: 1259



View Profile
March 08, 2018, 07:00:37 AM

You guys play blindman's bluff until the cows come home. My eyes are wide open
BMB!  WAKE UP!  you're dreaming again.  Same nightmare as before?
Pages: « 1 ... 19717 19718 19719 19720 19721 19722 19723 19724 19725 19726 19727 19728 19729 19730 19731 19732 19733 19734 19735 19736 19737 19738 19739 19740 19741 19742 19743 19744 19745 19746 19747 19748 19749 19750 19751 19752 19753 19754 19755 19756 19757 19758 19759 19760 19761 19762 19763 19764 19765 19766 [19767] 19768 19769 19770 19771 19772 19773 19774 19775 19776 19777 19778 19779 19780 19781 19782 19783 19784 19785 19786 19787 19788 19789 19790 19791 19792 19793 19794 19795 19796 19797 19798 19799 19800 19801 19802 19803 19804 19805 19806 19807 19808 19809 19810 19811 19812 19813 19814 19815 19816 19817 ... 31362 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!