UngratefulTony
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October 06, 2016, 04:26:56 AM |
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... and that's with a stable price in last 3months. Where is the volume coming from? can't be same people selling to themselves just to pay exchange fees The Ransomware and Shitcoin Trading sectors seem to be banging on all cylinders, transactional usage is flat for some reason.
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r0ach
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October 06, 2016, 06:13:07 AM |
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and that's with a stable price in last 3months. Where is the volume coming from? can't be same people selling to themselves just to pay exchange fees The price was like $645 in India yesterday.
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UngratefulTony
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October 06, 2016, 06:21:33 AM |
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and that's with a stable price in last 3months. Where is the volume coming from? can't be same people selling to themselves just to pay exchange fees India pumping Bitcoin to Uranus. Du u have a related steem article I may reference?
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r0ach
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October 06, 2016, 06:25:20 AM |
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Du u have a related steem article I may reference?
No, but you may read this:
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Karartma1
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October 06, 2016, 06:39:06 AM |
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So there are only BTC1.8k new BTC mined daily. Volume wise we got about: BTC4k @ Bitfinex USD/BTC BTC4k @ Btc-e USD/BTC BTC3k @ Stamp USD/BTC BTC3k @ Coinbase USD/BTC BTC3k @ Kraken EUR/BTC BTC1.8k daily Gemini auction BTC1k @ LocalBTC USD/BTC or about BTC20k/day volume from somewhat believable sources + BTC21MM CNY/BTC and that's with a stable price in last 3months. Where is the volume coming from? can't be same people selling to themselves just to pay exchange fees I think it is one thing only: fractional-reserve https://bitcointalk.org/index.php?topic=945881.0Read that thread and most of your questions will be answered. At first I would not believe that was happening but it is.
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DaRude
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In order to dump coins one must have coins
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October 06, 2016, 06:47:28 AM |
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So there are only BTC1.8k new BTC mined daily. Volume wise we got about: BTC4k @ Bitfinex USD/BTC BTC4k @ Btc-e USD/BTC BTC3k @ Stamp USD/BTC BTC3k @ Coinbase USD/BTC BTC3k @ Kraken EUR/BTC BTC1.8k daily Gemini auction BTC1k @ LocalBTC USD/BTC or about BTC20k/day volume from somewhat believable sources + BTC21MM CNY/BTC and that's with a stable price in last 3months. Where is the volume coming from? can't be same people selling to themselves just to pay exchange fees I think it is one thing only: fractional-reserve https://bitcointalk.org/index.php?topic=945881.0Read that thread and most of your questions will be answered. At first I would not believe that was happening but it is. But that's exactly why Finex implemented the the multisig with BitGo for easy auditing.. right? RIGHT??
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savetherainforest
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October 06, 2016, 07:00:08 AM Last edit: October 06, 2016, 08:11:57 AM by savetherainforest |
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Du u have a related steem article I may reference?
No, but you may read this: Bitcoin is the Hitler of our times! (*edit: but without the unwillingness (*edit2: of the people ))
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PaymyBills
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October 06, 2016, 02:54:45 PM |
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I can see a pump coming soon. The market still good for crypto and its start show a good reversion. Price will up very well
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gentlemand
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Welt Am Draht
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October 06, 2016, 02:59:02 PM |
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and that's with a stable price in last 3months. Where is the volume coming from? can't be same people selling to themselves just to pay exchange fees Because there's over 15 million potential other coins ready to be sold? And why wouldn't the same bunch of people be buying and selling the same coins to each other? With leverage you don't need vast movements to be making money.
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DARKHOLDER
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October 06, 2016, 04:12:45 PM |
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I can see a pump coming soon. The market still good for crypto and its start show a good reversion. Price will up very well [/quote Price will skyrocketing on 1 November when all Japanese allows to pay they bills in btc..then 1k incoming :-)
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becoin
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October 06, 2016, 06:01:25 PM |
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Because there's over 15 million potential other coins ready to be sold?
Really? Do you have any idea how many dollars, euros, pounds, yen and potential other fiat is ready to be sold?
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gentlemand
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Welt Am Draht
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October 06, 2016, 06:05:55 PM |
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Plenty. I just find it weird that people seem to put so much weight on mined coins. There seems to be constant confusion between supply and production. There are of course less new ones arriving every day. That doesn't mean the ones that have been already produced suddenly float away like magic.
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Hugroll
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October 06, 2016, 06:17:30 PM |
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I can see a pump coming soon. The market still good for crypto and its start show a good reversion. Price will up very well [/quote Price will skyrocketing on 1 November when all Japanese allows to pay they bills in btc..then 1k incoming :-)
wait what japan is introducing bill payments with btc? i hadnt heard anything about that. hopefully we see a price surge soon.
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Karartma1
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Activity: 2310
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October 06, 2016, 06:19:08 PM |
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So there are only BTC1.8k new BTC mined daily. Volume wise we got about: BTC4k @ Bitfinex USD/BTC BTC4k @ Btc-e USD/BTC BTC3k @ Stamp USD/BTC BTC3k @ Coinbase USD/BTC BTC3k @ Kraken EUR/BTC BTC1.8k daily Gemini auction BTC1k @ LocalBTC USD/BTC or about BTC20k/day volume from somewhat believable sources + BTC21MM CNY/BTC and that's with a stable price in last 3months. Where is the volume coming from? can't be same people selling to themselves just to pay exchange fees I think it is one thing only: fractional-reserve https://bitcointalk.org/index.php?topic=945881.0Read that thread and most of your questions will be answered. At first I would not believe that was happening but it is. But that's exactly why Finex implemented the the multisig with BitGo for easy auditing.. right? RIGHT?? I personally would like to have an answer for that but I don't: But I definitely quote the following Q: I don’t believe you, I don’t understand the problem and I don’t really mind. Are you just another conspiracy theorist?
A: We’re not conspiracy theorist and whether or not you don’t get our point it’s in your best interest not to store your BTC in any third party exchanges for too long. Do you want to be the next Mintpal, Mt.Gox, Bitstamp etc. sad customer?
So, even more if you think we said a bunch of bullshits just bear in mind our golden rule
DO NOT HOLD YOUR BTC ON THIRD PARTY EXCHANGES – BE YOUR OWN BANK
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JayJuanGee
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Activity: 3864
Merit: 10945
Self-Custody is a right. Say no to"Non-custodial"
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October 06, 2016, 07:55:09 PM |
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Plenty. I just find it weird that people seem to put so much weight on mined coins. There seems to be constant confusion between supply and production. There are of course less new ones arriving every day. That doesn't mean the ones that have been already produced suddenly float away like magic.
Yep, exactly. Any analysis concerning overall price pressures remains greatly incomplete if it fails to account for existing supply along with daily increased supply. Also, in the end, there are considerable difficulties knowing exactly the various price pressures on bitcoin. We can look at changes in the volume on various exchanges and transactions on the blockchain, but we cannot really know for sure if there are some parties holding back and preparing to pump in one direction or another - however, if we see increased trade volume, we can attempt to assess that there may be testing of the price in one direction or another. Overall, if all factors are kept constant (assuming), after a few months, the actual halvening seems like it is going to inevitably put upwards price pressures on bitcoin, whether we can exactly perceive when it kicks in or not.
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JayJuanGee
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Activity: 3864
Merit: 10945
Self-Custody is a right. Say no to"Non-custodial"
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October 06, 2016, 11:15:37 PM |
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The content description in the linked article seems pretty interesting, and reveals that all parts of the six episodes series is coming out next week with two episodes released on 10/10.
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Meuh6879
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October 07, 2016, 12:59:33 AM |
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Meuh6879
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October 07, 2016, 01:07:26 AM |
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We wait ...
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hv_
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Clean Code and Scale
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October 07, 2016, 06:09:50 AM |
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Try to plot that against GBP / Sterling ...
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