Last of the V8s
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Be a bank
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May 11, 2019, 10:47:12 PM
Last edit: May 11, 2019, 11:10:55 PM by Last of the V8s |
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Huge support for any pullback at 6400
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Lambie Slayer
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May 11, 2019, 10:48:30 PM |
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Another thought, maybe that Russian economist guy is right, Russia is buying all the coins it can get, and other govs and central banks have figured this out and they are buying coins to because they hate Russia so much they cant let them have all the coins.
I watched the Crypto movie today. It was just BS Russian hysteria, but it did seem to paint Bitcoin in somewhat of a positive light all in all which was a pleasant surprise. The writing is what made the movie so bad, the acting was decent to good.
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Toxic2040
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May 11, 2019, 10:49:36 PM Merited by gentlemand (1) |
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But why would they go and buy from an exchange?
Something is cooking, for sure... but donno what.
Instant and guaranteed coins 24/7? OTC won't exactly spring into action at midnight on a Saturday. They're all out ruining their septums. I assume all major buyers at least have a little bit parked on their fave exchanges. mah sep'um is vine..twust meh  |
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Lambie Slayer
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May 11, 2019, 10:50:05 PM |
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^Sunday evening sometimes for that kind of announcement.
Stamp is spot only and leading the dollar exchanges and futures.
Mrs Watanabe is also spot buying over there, and Mrs Korea.
This is just savvy retail buyers.
If so this will end well  |
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bitserve
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Self made HODLER ✓
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May 11, 2019, 10:50:15 PM |
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But why would they go and buy from an exchange?
Something is cooking, for sure... but donno what.
Instant and guaranteed coins 24/7? OTC won't exactly spring into action at midnight on a Saturday. They're all out ruining their septums. Yes but.... I would think institutional investors would go directly to the big hodlers (10.000-100.000BTC) to buy directly from them.... Not go and buy from exchanges in the middle of a fucking weekend to crazily pump the price. Are big hodlers really going to sell now ? edit : Maybe yes, if they want to increase their stash by trading. Selling an exponential rise is the only way to do that (and get back in when prices settle down) I am speculating that some of the HUGE holders could be interested in taking the opportunity to diversify part of their huge stash already. Maybe I am wrong. |
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HairyMaclairy
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May 11, 2019, 10:55:49 PM |
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But why would they go and buy from an exchange?
Something is cooking, for sure... but donno what.
Instant and guaranteed coins 24/7? OTC won't exactly spring into action at midnight on a Saturday. They're all out ruining their septums. Yes but.... I would think institutional investors would go directly to the big hodlers (10.000-100.000BTC) to buy directly from them.... Not go and buy from exchanges in the middle of a fucking weekend to crazily pump the price. Maybe the big holders don’t want to sell |
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Danslip
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May 11, 2019, 10:57:18 PM |
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7300$  Any predictions where the price will stop growing?  Investors will fall to the FOMO soon. |
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bitserve
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May 11, 2019, 11:01:53 PM |
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But why would they go and buy from an exchange?
Something is cooking, for sure... but donno what.
Instant and guaranteed coins 24/7? OTC won't exactly spring into action at midnight on a Saturday. They're all out ruining their septums. Yes but.... I would think institutional investors would go directly to the big hodlers (10.000-100.000BTC) to buy directly from them.... Not go and buy from exchanges in the middle of a fucking weekend to crazily pump the price. Maybe the big holders don’t want to sell Yeah, it could also be a possibility that after months trying to negotiate with them with no success they had to resort to exchanges.... who knows... Anyway.... this has been already one of the longer rallys with no significant correction. It's starting to get scary in the short term. Absolutely nice in the medium/long term. |
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Last of the V8s
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Be a bank
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May 11, 2019, 11:02:49 PM |
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Still waiting SEC - 16 mayVanEck SolidX Bitcoin Trust - 21 mayThis might be your news Lambie (thanks Roman!) They usually announce the delay for these ETFs a few days early. SEC insiders buying to dump tomorrow night...? |
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HairyMaclairy
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May 11, 2019, 11:03:53 PM |
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7300$ Any predictions where the price will stop growing? Investors will fall to the FOMO soon. No one knows. Peter Brandt doesn’t.  |
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HairyMaclairy
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May 11, 2019, 11:05:41 PM |
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Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.
That limits the amount of coins available for sale to institutions
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Raja_MBZ
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May 11, 2019, 11:06:33 PM |
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bitcoin pumpin' hard
gembitz in weeeee disbelief
r0ach hatin' silver
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Majormax
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May 11, 2019, 11:07:15 PM
Last edit: May 11, 2019, 11:21:59 PM by Majormax |
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7300$ Any predictions where the price will stop growing? Investors will fall to the FOMO soon. No, but a pullback to 6200 would be very likely in the medium term, in order to test support. That gives a 15% edge from here, to increase a traders stash. Of course could go higher than $7300, but the low 6k's will need a test of some kind, sometime. A quick look at the chart shows how much work was done with 6k as a base. This run is in a very short timeframe. |
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spiderbrain
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May 11, 2019, 11:07:21 PM |
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But why would they go and buy from an exchange?
Something is cooking, for sure... but donno what.
Instant and guaranteed coins 24/7? OTC won't exactly spring into action at midnight on a Saturday. They're all out ruining their septums. Yes but.... I would think institutional investors would go directly to the big hodlers (10.000-100.000BTC) to buy directly from them.... Not go and buy from exchanges in the middle of a fucking weekend to crazily pump the price. Maybe the big holders don’t want to sell Big holders made plenty at the last peak, unless they are idiots. This is rising too fast, though, I doubt it will last. Maybe a cup and handle after a bounce off $20k? |
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bitserve
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May 11, 2019, 11:08:02 PM |
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Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.
That limits the amount of coins available for sale to institutions
That makes sense. A lot. |
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Last of the V8s
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Be a bank
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May 11, 2019, 11:12:14 PM |
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omfgwtaflolbbq!!!11
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Raja_MBZ
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May 11, 2019, 11:12:33 PM |
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$7400
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fragout
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May 11, 2019, 11:12:56 PM |
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And Alts are showing better gains than BTC. Strange days indeed
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Agapios
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May 11, 2019, 11:16:17 PM |
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And Alts are showing better gains than BTC. Strange days indeed
I think on some 1st larger drop ALTS are gona lose that gain and drop more, and BTC will get again even bigger piece of cake Thats at least what i am seing since btc reached 4k and went up |
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Raja_MBZ
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May 11, 2019, 11:16:38 PM |
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 And Alts are showing better gains than BTC. Strange days indeed
LOL? Are you sure? My alts are all mostly down (in BTC, not in USD). Yours must be an exception. Never forget: 19. Always keep in mind the following pattern of BTC & Alts, as seen in past years:
*1) If bitcoin goes up heavily, all alts suffer.
*2) If bitcoin goes down heavily, all alts suffer.
*3) If bitcoin goes up slowly, only low volume alts suffer.
*4) If bitcoin goes down slowly, only volume alts suffer.
*5) If bitcoin stays sideways, every kind of alt grows.
*6) If bitcoin stays sideways for a few weeks (4+), all alts grow and low-volume alts go "absolutely" crazy.
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