ivomm
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All good things to those who wait
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January 02, 2021, 11:50:27 PM |
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Europeans scare easily? Weak hands?
This was a single sale -20% at the time when the price on other exchanges was -3%. The liquidity on kraken can't handle well big sells, this is well known. Besides, kraken trading freezes often during intense pumps. In such occasions it is possible some sell for example to go wrong ignoring the bids and chosing some bid -20%. It happened to me once in 2017, and to many others both on kraken and coinbase during these freezings.
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UnDerDoG81
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Activity: 2179
Merit: 1201
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January 02, 2021, 11:53:47 PM |
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Yeah today serious amounts of Bitcoins got sold. I bet those guys/girls crying right now. Plan did not work out to crash the price down to like 25k. Unfortunately. Would be the perfect chance to buy some more. Missed the train since like 25k lol...
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explorer
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Activity: 2016
Merit: 1259
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January 02, 2021, 11:58:07 PM |
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Europeans scare easily? Weak hands?
I’m E l DU de think again
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marcus_of_augustus
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Activity: 3920
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Eadem mutata resurgo
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January 03, 2021, 12:08:07 AM |
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If I would sell my btc to fiat I would immediately invest in something else. Dont ask me what, I never researched that because not planning to sell. But never would hold fiat in big amounts.
... just ask to pay for it in btc when the time to acquire new assets comes around, totally eliminate gubmint fiat from the equation is how we get to the future.
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marcus_of_augustus
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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... seems like material info https://www.coindesk.com/bitcoin-worth-1b-leaves-coinbase-as-institutions-fomo-buy-analystInstitution-focused Coinbase Pro exchange registered an outflow of over 35,000 bitcoin (BTC, +9.44%) worth more than $1 billion early Saturday, according to data source CryptoQuant. The large outflow comes a day after 12,063 coins left the exchange and represents institutional FOMO (Fear Of Missing Out) buying, according to Ki Young Ju, CEO of the Korea-based blockchain analytics firm CryptoQuant.
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philipma1957
Legendary
Online
Activity: 4242
Merit: 8494
'The right to privacy matters'
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January 03, 2021, 12:16:16 AM |
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Yeah today serious amounts of Bitcoins got sold. I bet those guys/girls crying right now. Plan did not work out to crash the price down to like 25k. Unfortunately. Would be the perfect chance to buy some more. Missed the train since like 25k lol...
Which is why I sold my doge 150000 coins gone. at about 1 cent or 1500 usd. 1/2 to fiat and 1/2 to btc
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xhomerx10
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January 03, 2021, 12:27:51 AM |
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Dear Mr. El duderino_, I realize you had a recent boating accident but I'm sure you were trying to rebuild your BTC stash with your wage-slaving job. Given the recent moon launch, surely you can quit now? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Feagj8EH.png&t=665&c=SKyqzpiYHBJOMA)
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Febo
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January 03, 2021, 12:32:32 AM Merited by JayJuanGee (1) |
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I know I am late and maybe someone already posted it, but was busy times lately. No matter how it just look like. Crazy quarter with 171% growth of Bitcoin price. But, that is only 7th best Bitcoin quarter in the history ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.gyazo.com%2F5b34081e1ee3cbe5c0a71b57d47a468d.png&t=665&c=byKOv-5NdVY3Aw)
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soullyG
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January 03, 2021, 12:32:53 AM Merited by JayJuanGee (1) |
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Found this great Twitter thread that covers how this cycle appears to be accelerating faster than previous ones, through the lens of market cap, realised value, volatility, uxto + address counts etc: This cycle so far compared to 2017: - Market Cap is growing faster - Sell side liquidity is drying up faster and more aggressively - Active addresses are growing slower, less retail participation in rally - Volatility the same, but coming more from upside https://twitter.com/typerbole/status/1345435497988952067On-exchange supply drying up quickly: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fpbs.twimg.com%2Fmedia%2FEqvrpRDUcAUUPFp%3Fformat%3Djpg%26name%3Dmedium&t=665&c=VCAX1IHcl5w3jw)
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savetherainforest
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January 03, 2021, 01:21:01 AM |
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Found this great Twitter thread that covers how this cycle appears to be accelerating faster than previous ones, through the lens of market cap, realised value, volatility, uxto + address counts etc: This cycle so far compared to 2017: - Market Cap is growing faster - Sell side liquidity is drying up faster and more aggressively - Active addresses are growing slower, less retail participation in rally - Volatility the same, but coming more from upside https://twitter.com/typerbole/status/1345435497988952067On-exchange supply drying up quickly: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fpbs.twimg.com%2Fmedia%2FEqvrpRDUcAUUPFp%3Fformat%3Djpg%26name%3Dmedium&t=665&c=VCAX1IHcl5w3jw) Wait a minute....... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ... That's a bubble !!!! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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HairyMaclairy
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Activity: 1414
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Degenerate bull hatter & Bitcoin monotheist
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January 03, 2021, 01:30:32 AM Last edit: January 03, 2021, 02:18:26 AM by HairyMaclairy Merited by nutildah (2), 600watt (1) |
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So serious question guys. Like clockwork with BTC going up again the no coiners or shitcoiners immediately cry that it's inflated by Tether, they're being investigated by the NYAG, blah blah blah.
What I can't work out, IF Tether is a dodgy entity and they are being investigated... WHY IN THE FUCK would you continue just printing Tethers with no abandon? None of those crying from the rooftops can answer that question so to me, it seems clear that Tether is for the most part, legitimate.
Am I wrong here? Am I missing something?
The answer is simple. There are a lot of smaller exchanges that run exclusively on Tether. They can’t get access to US$ bank accounts or they choose not to use them. With crypto prices booming, they have a huge demand for Tether. They borrow the Tether from the Tether Limited using altcoins and Bitcoin as security for the loans. Tether is mostly backed by altcoins and Bitcoin - that’s why they say it is “fully backed” but they won’t say it’s backed by USD. Economics 101 teaches us that price is a function of supply and demand. Demand for Tether is massive. That means there are only two things to do: (1) allow Tether price to skyrocket or (2) print more Tether If you allow the price of Tether to go up, then you destroy its purpose. Therefore the only responsible thing to do is to print more Tether. A lot more. Brrrrrr is a good thing.
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JayJuanGee
Legendary
Online
Activity: 3836
Merit: 10831
Self-Custody is a right. Say no to"Non-custodial"
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So in Nov - Dec I said 25-30k was a correction zone.
Thus I sold a piece today at 30200. I sold a significant part in December to cover it's taxes. I didn't want to sell yet, but I also didn't want to risk having to pay taxes on earnings that no longer exist. Just my luck to see prices go up 60% since then.... I didn't sell everything of course, but "what could have been" keeps playing in my mind. You cannot really kick yourself about those kinds of things... frequently it will NOT be good to wait until the last minute.. so sometimes you gotta just get your liquidity.. instead of taking chances that might end up NOT playing out in your favor.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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January 03, 2021, 02:59:49 AM |
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This is the funniest shit I have seen this week. This is the performance of the Grayscale Bitcoin Trust and the analyst rating.... ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FAAau3sd.jpg&t=665&c=lB9Bq90sVSB6yg)
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heslo
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Activity: 1197
Merit: 1126
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January 03, 2021, 03:06:52 AM |
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So serious question guys. Like clockwork with BTC going up again the no coiners or shitcoiners immediately cry that it's inflated by Tether, they're being investigated by the NYAG, blah blah blah.
What I can't work out, IF Tether is a dodgy entity and they are being investigated... WHY IN THE FUCK would you continue just printing Tethers with no abandon? None of those crying from the rooftops can answer that question so to me, it seems clear that Tether is for the most part, legitimate.
Am I wrong here? Am I missing something?
The answer is simple. There are a lot of smaller exchanges that run exclusively on Tether. They can’t get access to US$ bank accounts or they choose not to use them. With crypto prices booming, they have a huge demand for Tether. They borrow the Tether from the Tether Limited using altcoins and Bitcoin as security for the loans. Tether is mostly backed by altcoins and Bitcoin - that’s why they say it is “fully backed” but they won’t say it’s backed by USD. Economics 101 teaches us that price is a function of supply and demand. Demand for Tether is massive. That means there are only two things to do: (1) allow Tether price to skyrocket or (2) print more Tether If you allow the price of Tether to go up, then you destroy its purpose. Therefore the only responsible thing to do is to print more Tether. A lot more. Brrrrrr is a good thing. Yeah this seems to make the most sense to me
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Biodom
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January 03, 2021, 03:15:02 AM |
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This is the funniest shit I have seen this week. This is the performance of the Grayscale Bitcoin Trust and the analyst rating.... ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FAAau3sd.jpg&t=665&c=lB9Bq90sVSB6yg) maybe he/she meant: SELL, then use the proceeds to buy bitcoin, keep the premium difference (it actually dropped to about 17% on Dec 31, which is kind of low) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Naaah, that would be expecting too much.
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Toxic2040
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January 03, 2021, 03:15:33 AM |
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philipma1957
Legendary
Online
Activity: 4242
Merit: 8494
'The right to privacy matters'
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January 03, 2021, 04:23:32 AM Merited by JayJuanGee (1) |
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So in Nov - Dec I said 25-30k was a correction zone.
Thus I sold a piece today at 30200. I sold a significant part in December to cover it's taxes. I didn't want to sell yet, but I also didn't want to risk having to pay taxes on earnings that no longer exist. Just my luck to see prices go up 60% since then.... I didn't sell everything of course, but "what could have been" keeps playing in my mind. You cannot really kick yourself about those kinds of things... frequently it will NOT be good to wait until the last minute.. so sometimes you gotta just get your liquidity.. instead of taking chances that might end up NOT playing out in your favor. If you earn btc via mining or via signature . Selling long upticks is a must thing to do. ie 12000 12500 13000 wait for it 15000 15500 16000 wait for it 19000 19500 20000 wait for it Only coin earners can follow this idea. If you were a buy and hold guy. Selling is a bit hard to do as you can face the danger of an early over sell. Since mining brings in more coins I effort to sell less coin then I am earning.
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explorer
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January 03, 2021, 05:00:03 AM |
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Is that 34k knocking?
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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January 03, 2021, 05:01:53 AM |
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Oh look. Yet another ATH.
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