JayJuanGee
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Activity: 3710
Merit: 10196
Self-Custody is a right. Say no to"Non-custodial"
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March 12, 2016, 08:12:38 PM |
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the price went down once again, i can not wait for any significant price increases that could happen very soon, because i need some movements in price hopefully i will make some money out of bitcoin as the price is not showing any actions for a long time already No action? What do you want? Yeah maybe some kind of upward rocket of anywhere between .5x to 10x would be nice, but we cannot necessarily hold our breath for some variation of that upward price scenario. If you are talking about price actions we have had a lot of price actions in the past week or so. We had prices floating in the $420s about a week ago, and then a day later, we had a dip to $382 and then another day later we had prices back into the lower $400s, with movement up to a bit over $420s within the past 36 hours and then beginning about 12 hours ago a return to the current price point.. $410s.. and either price direction is possible at the moment.. to experience some additional BTC price actions. Getting 3 to 10% price fluctuations... is showing some definite action... yet with such mediocre ongoing trade volumes in the past few months, I will continue to question the extent to which us regular BTC investors (who are holding fewer than 1,000 in coins) are getting played around by some bigger players who have an ability to easily get in and out of 10k to 20K coins or more and to manipulate BTC prices with their trading on such ongoing low trade volumes. |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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aminorex
Legendary
 Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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March 12, 2016, 08:12:44 PM |
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...consider the pumping of ETH to have somewhat of an overall suppressing effect on the BTC prices. It may not be a large effect, but there is probably some relationship there...
When people want ETH, they buy BTC. When they make large gains, today, they want to book in fiat, so they sell BTC. If the gains are more than the pot stakes, it is a net negative for BTC, but so far the trend has been recycling via trading, and a net inflow to BTC. If they wait for BFX to exchange against fiat, it is good for BTC and bad for ETH, because the gains get booked against ETH, for fiat. Eventually, the flows into ETH may be more from fiat, less from BTC, and the BTC sales to ETH buyers will decline, which is bad for BTC, but almost certainly in the beginning of BFX trading the net flows are fiat -> BTC -> ETH -> fiat, which is favorable to BTC and negative for ETH. not going to cause me to send any of my dong in that ETH direction.
I am not entirely sure they want your dong. |
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10196
Self-Custody is a right. Say no to"Non-custodial"
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March 12, 2016, 08:18:25 PM |
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...consider the pumping of ETH to have somewhat of an overall suppressing effect on the BTC prices. It may not be a large effect, but there is probably some relationship there...
When people want ETH, they buy BTC. When they make large gains, today, they want to book in fiat, so they sell BTC. If the gains are more than the pot stakes, it is a net negative for BTC, but so far the trend has been recycling via trading, and a net inflow to BTC. If they wait for BFX to exchange against fiat, it is good for BTC and bad for ETH, because the gains get booked against ETH, for fiat. Eventually, the flows into ETH may be more from fiat, less from BTC, and the BTC sales to ETH buyers will decline, which is bad for BTC, but almost certainly in the beginning of BFX trading the net flows are fiat -> BTC -> ETH -> fiat, which is favorable to BTC and negative for ETH. not going to cause me to send any of my dong in that ETH direction.
I am not entirely sure they want your dong. Your above analysis makes quite a bit of sense - especially since the early trading of ETH has likely been nearly exclusively through BTC, yet with ETH's growth, we may witness more and more large scale abilities to get in and out of ETH through fiat, as the Bitfinex plan will contribute to such new dynamics. |
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julian071
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March 12, 2016, 08:59:59 PM |
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Kraken has had ETH <-> fiat for quite some time, but the volume isn't that big.
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 12, 2016, 09:00:31 PM |
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bargainbin
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March 12, 2016, 09:09:56 PM |
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$409 seems to be holding  Fun fact: there's actually a love song called We Built a 409. An ode to 409, with no redeeming value (beyond being notably lame) whatsoever. |
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Oblodo
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March 12, 2016, 09:41:39 PM |
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WTF, 7 years in prison for using BTC in Russia???
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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March 12, 2016, 09:46:09 PM |
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WTF, 7 years in prison for using BTC in Russia???
Do they still shoot you at the border if you try to escape? If not there will be no one left except oligarchs and cretins. |
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1115
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March 12, 2016, 09:56:59 PM |
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I guess there's someting to be said for having stayed off that list.  It has been "berry berry good *to* *me*". My bitterness is reward enough.  |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 12, 2016, 10:00:31 PM |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 12, 2016, 11:00:30 PM |
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heartastack
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March 12, 2016, 11:15:38 PM |
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Don't mind me. I'm just pissed I missed the train. I bet there's rich folks eating in fancy dining cars. They're probably drinkin' coffee and smoking big cigars.
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And that's what tortures me...
Did you see that UK tv show "world's most expensive food"? The dweeby looking Chinese dude ordering $1000/100g caviar exclaimed he is new money, made through 'trading crypto-currencies'. Barley looked old enough to drive a car. So yes, anyone who loses money can rest assured - your money is being well spent. In fact the caviar has probably been turned into expensive shit and flushed to the fishes a few times since then. |
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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March 12, 2016, 11:27:46 PM |
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I guess there's someting to be said for having stayed off that list. It has been "berry berry good *to* *me*". My bitterness is reward enough. If you just listened to me and ate some pineapple we wouldn't be having this problem. |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 13, 2016, 12:00:30 AM |
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ImI
Legendary
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Activity: 1946
Merit: 1019
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March 13, 2016, 12:33:22 AM |
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eth is going loco again
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ssmc2
Legendary
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Activity: 2002
Merit: 1040
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March 13, 2016, 12:36:06 AM |
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eth is going loco again
The real dump is going to be glorious |
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ImI
Legendary
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Activity: 1946
Merit: 1019
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March 13, 2016, 12:37:57 AM |
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eth is going loco again
The real dump is going to be glorious there will be a dump, thats for sure, but folks are waiting since 0.003 for a "glorious dump" now  |
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ssmc2
Legendary
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Activity: 2002
Merit: 1040
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March 13, 2016, 12:39:24 AM |
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eth is going loco again
The real dump is going to be glorious there will be a dump, thats for sure, but folks are waiting since 0.003 for a "glorious dump" now Haha true, i'm guessing it'll top out around 0.05. I'm stayin away regardless lol. |
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bargainbin
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March 13, 2016, 12:44:39 AM |
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No reason to be envious of ETH. Bitcoin's just coiling. As usual. Like a snake.  |
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mrkavasaki
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March 13, 2016, 12:47:29 AM |
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everyone that buy eth at these prices are crazy
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