nrd525 Market Tracker

[nrd525]

Yes, but I don't know if Bitfinex would let those companies register on their site. I think they are really worried about US regulators and their use of tokens and/or Tether.

...


It's a common, and potentially false meme, that bitcoin attacks the state and banks.  It might be more of an attack on gold (and other asset classes - perhaps a much weaker attack on property, art, stock, etc).

https://www.reddit.com/r/Bitcoin/comments/965tnj/dont_buy_bitcoin/

I commented:
"I've been using the banking system more often ever since I got into Bitcoin. And I've been supporting the state (which I don't like) with increasing tax payments."

[nrd525]

The alt-coin blood bath continues. I wonder if this is putting a pause in BTC's decline?  If so we might see the return to alternating very short periods (1-3 days) of trading activity (either bullish or bearish - as in up to 10%/day) moves by bitcoin and altcoins.  Or we might see an even deeper altcoin bloodbath leading to bitcoin's final push to the bottom.

btc dominance 52.3%

[nrd525]

Note: Bitcoinwisdom misses out on data. I just realized this when comparing it to Cryptowatch.  It doesn't always have the same high as low.

[nrd525]

I was looking at volume and Bitforex, a completely new exchange, appears #1.
https://support.bitforex.com/hc/en-us/articles/360008808391-BF-Mining

'BF Mining Proportion: 120% of trading fees will be distributed in form of BF Token; among 120%, 80% are circulating BF, 40% are holding BF."

120%?  Is this a Binance / exchange fee coin combined with a ponzi or pyramid (aka proof of stake)?

[nrd525]

US stocks (at least SP 500) at new ATH.

If we get a synchronized stock market bear market and recession in the next 6-12 months, that'd be very bearish for btc.  I'm concerned that it might take longer, and come after we'd already established a btc bottom.

MtGox rehabilitation - users getting 25% (or up to 30% at the current price) of their BTC and USD.  They are reimbursing btc, instead of the USD equivalent which means enforced holding.

I'm wondering if the Bitcoinica liquidators will reimburse with a percent of BTC or convert at $10/btc.

[nrd525]

Housing prices are high

https://fred.stlouisfed.org/series/SPCS20RSA

https://fred.stlouisfed.org/series/CSUSHPISA

[nrd525]

Bitcoin dominance at 55% (btc at 6900 just fell 400). Yearly high.
ETH yearly low (240).

Dogecoin is holding up well =)

 

[nrd525]

BTC dominance 56%.  ETH 190 (recent low of 185).  BTC holding on at 6180 (surprisingly stlil above 6k).   How much of this is Vitalik saying something along the lines of ETH could fall to zero?

[Samarkand]

BTC dominance 56%.  ETH 190 (recent low of 185).  BTC holding on at 6180 (surprisingly stlil above 6k).   How much of this is Vitalik saying something along the lines of ETH could fall to zero?

I think BTC is holding these levels, because the current price
is only marginally above the average cost of mining a single
Bitcoin.

I don´t think Vitalik´s statements have anything to do with
the ETH decline. It is just a combination of a lack of interest
in ICOs (only 3 ICOs raised more than 25M $ in the 3rd quarter
of 2018 so far) and previous ICOs that are looking to liquidate their
ETH, which is providing continuous downward pressure on the
ETH price.

Better to get rid of ETH at 190 $ than at 40 $ (a price level,
which is not too far away).

[nrd525]

Everything Crash, Ethiopians.
https://www.youtube.com/watch?v=QZqVUblgWxY

[nrd525]

I think the various FB and other (YouTube finance?) algorithms are dangerous in creating groupthink or bias. For instance, several algos might have figured out that I like stories about bubbles and upcoming recession/crisis/bear market.  

Maybe I should be getting all my economic news from a browser where I always dump the cache, and/or use the privacy mode?

https://www.nytimes.com/2018/09/18/opinion/economy-debt-markets-crash.html

[nrd525]

https://www.coindesk.com/mt-gox-has-sold-170-million-in-btc-and-bch-since-march/
Fairly surprised that the impact on the market has been so minimal. If they stop selling, we might even go up.

[nrd525]

It's amazing how much smaller the bounces are getting.  We're on dead cat bounce #6?  Depends on how you count them.

[nrd525]

Stock market decline is looking nice and bearish.

[nrd525]

https://www.coindesk.com/tether-just-burned-500-million-usdt-stablecoin-tokens/

[nrd525]

The Bitcoin Cash fork is hilarious.  Craig Wright is perhaps even more annoying than Roger Ver.

https://www.coindesk.com/bitcoin-cashs-hash-war-solidifies-as-network-hard-fork-approaches

[nrd525]

Bitcoin 5558 on Coinbase.  (4-5% more on Bitfinex).  No news behind it. Other than breaking the downward sloping triangle and many us have been expecting a breakdown for months.

I guess if we've learned anything from Bitcoin Cash - don't under-estimate the hard forkers.  Though Craig Wright is a largely unlikeable maniac who lacks 1/10th of the marketing skills of Roger Ver.  On the other hand, he has impressive mining pool power.  So we saw BitcoinCash goes as high as 0.4 - 0.5 BTC (especially on the Coinbase market where trading was frozen/highly irregular).

Each hard (or soft) fork should generally be weaker than prior ones (ex. see how bitcoin gold, diamond, and super bitcoin have petered out).  However Bitcoin Cash has a small market cap and is easier to manipulate.

[nrd525]

Down to 5190 on Bitstamp/Coinbase!

[nrd525]

4865 on Bitstamp and Coinbase (good job arbitragers!).    5030 on Bitfinex (Hi Tether bag holders)

[nrd525]

Buying at 4780 and lower (more heavily in the 2k-3.5k range).   Bitcoin down to 4220 (Coinbase).  I think the altcoins are in for an even bigger fall. For instance, XRP is holding up at 44 cents.

Bitfinex longs
https://www.tradingview.com/symbols/BTCUSDLONGS/

Bitfinex shorts.
https://www.tradingview.com/symbols/BTCUSDSHORTS/