Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[HairyMaclairy]

Btc won't stop or won't go down because there is a big hunt for 1 trillion marketcap. At 1 trillion btc will be probably worth around 20-25k

These market caps are a joke.  I can wipe millions of dollars of value from a shitcoin by dumping a few thousand dollars worth.  Anytime you can move a market cap with 1000x leverage, the market cap is not real.

[strawbs]

Btc won't stop or won't go down because there is a big hunt for 1 trillion marketcap. At 1 trillion btc will be probably worth around 20-25k

These market caps are a joke.  I can wipe millions of dollars of value from a shitcoin by dumping a few thousand dollars worth.  Anytime you can move a market cap with 1000x leverage, the market cap is not real.

Market cap has always been a useless indicator, not just in crypto but in more traditional markets too. Of course all of the coins/shares/commodity cannot be sold at the current price. I really wish there wasn't so much focus on market cap, it's such a meaningless figure.

[Dabs]

It's the only metric they have. When you have a large percentage in volume, then the marketcap can be "real", even though you know you can't sell it all. In Bitcoins case, there's about 4 million BTC that is never going to move; perhaps more.

[HairyMaclairy]

Is there any site that charts price velocity over time?

[xhomerx10]

Is there any site that charts price velocity over time?

https://charts.bitcoin.com/chart/velocity-daily

 Is that what you were looking for?

[Rosewater Foundation]

UB launched (?). Down 30% today.
https://support.okex.com/hc/en-us/articles/115003834352-OKEx-will-support-UBTC-airdrop-deposit-and-trading

[HairyMaclairy]

Is there any site that charts price velocity over time?

https://charts.bitcoin.com/chart/velocity-daily

 Is that what you were looking for?

Great thank you.  Even if I feel dirty going there.

[xhomerx10]

Is there any site that charts price velocity over time?

https://charts.bitcoin.com/chart/velocity-daily

 Is that what you were looking for?

Great thank you.  Even if I feel dirty going there.

 Just close your eyes and think of England.  Works for me 

[infofront]

South Korea's major cryptocurreny exchanges raided by police, tax authorities

https://www.reuters.com/article/us-southkorea-bitcoin/south-koreas-major-cryptocurreny-exchanges-raided-by-police-tax-authorities-idUSKBN1F002B

[cAPSLOCK]

South Korea's major cryptocurreny exchanges raided by police, tax authorities

https://www.reuters.com/article/us-southkorea-bitcoin/south-koreas-major-cryptocurreny-exchanges-raided-by-police-tax-authorities-idUSKBN1F002B

What is that picture in that article?  An old mother board with a memory module crammed in a pci slot and some burned up video card? 

[Rosewater Foundation]

kablammo

 

[xhomerx10]

[bitserve]

So congrats, and just fucking cash out a little more so you can keep riding this wave without remorses with the rest of your (huge) stash.

Ok. Extracted just north of $1M @ $14,500 USD/BTC.

Once the wire hits my account, I'll load up for round 2.

Great. Now you have also bought some additional time to reconsider your position and next steps... using only a small part of your stash. Wherever the price goes now you did the right thing in the path of balancing your portfolio and securing your (wealthy) retirement.

[Rosewater Foundation]

Great.

[gentlemand]

Let us slice out Korea, chuck it in a bucket and move on. It is even more irrelevant a market than China and run in an even ropier manner if that's possible.

[nikauforest]

I noticed Counterparty (XCP) on the BTC blockchain was up big time today. Any news?  I bought some of these tokens years ago on my Counterwallet.

[Rosewater Foundation]

I feel like I just got viciously attacked in my sleep.

[lightfoot]

Eh, shit happens.

[bitserve]

Phuck.

[gentlemand]

https://www.cnbc.com/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html

Entirely the fault of the pricks running the exchanges there.