very simple question

[moriartybitcoin]

All the news about Bitcoin is positive, and investors are flocking to the crypto.  So why isn't the price going up?

ANSWER: Institutional players are artificially depressing the price through short-selling with a plan of buying LOW.  Once they move the hot money into Bitcoin, I expect the price to rapidly jump to $1000+

[allthingsluxury]

Could be right, we shall have to wait and see.

[franky1]

answer:
 AMLKYC preventing anyone depositing or withdrawing more than $10k a year. thus whales are ignoring exchanges.

right now exchanges are playing with dust amounts. much like mtgox in january. hardly any fresh coin or fiat is entering or exiting these exchanges.

last year mtgox alone was doing 150k volume a day and BTC-e was close behind it.

today btc-e is doing under 20k (most of the time 10-15k). and of this small amount 98% of order lines are just amounts of 0.011btc (~$4). when you realise that it only takes 200bitcoins. not 200k or 2 million or 13million.. JUST 200 coins to move the price, and make people believe that the entire market cap went from $5billion to $6billion.

then you truly know that exchanges are screwed and shouldnt be relied upon as the value indicators of bitcoin.,

more actual bank account fresh money movements is happening on localbitcoins. than on btc-e
that 15k volume indicator on btc-e is not actual bank account movements. but purely movements of dust amounts back and forth without deposits without withdrawals (day trading)

local bitcoins is very healthily trading at $450-$500+.


ill now just say, good morning and have a nice day, as i think everyone has now woken up to the truth

[bbit]

All the news about Bitcoin is positive, and investors are flocking to the crypto.  So why isn't the price going up?

ANSWER: Institutional players are artificially depressing the price through short-selling with a plan of buying LOW.  Once they move the hot money into Bitcoin, I expect the price to rapidly jump to $1000+

This is a pretty good way to think about it actually.

[Daniel91]

All the news about Bitcoin is positive, and investors are flocking to the crypto.  So why isn't the price going up?

ANSWER: Institutional players are artificially depressing the price through short-selling with a plan of buying LOW.  Once they move the hot money into Bitcoin, I expect the price to rapidly jump to $1000+

In my opinion reason for this (price is going down) is because bitcoin didn't become mainstream.
Average people and many merchants still didn't accept bitcoin and price is very unstable.

[Unbelive]

All the news about Bitcoin is positive, and investors are flocking to the crypto.  So why isn't the price going up?

ANSWER: Institutional players are artificially depressing the price through short-selling with a plan of buying LOW.  Once they move the hot money into Bitcoin, I expect the price to rapidly jump to $1000+

There are not all news positive, they are equal good and bad so price is stable for some time now.

[ChuckBuck]

Don't forget all the retailers like Dell, Overstock, Newegg, Expedia etc are converting BTC sales straight to fiat, so I'm sure that has an effect on the price.

Another thing is the industrial miners selling off huge chunks of BTC to cover electrical/cooling/operational costs.

All these things together contribute to the downward movement of BTC price.

[mjc]

Stick around for a while it rises and falls all the time.  People cannot flock to it every day.  There is a reason why it goes up and down and its not always the reason you want it to be, would think it to be or what they say it is.  It is assuming to watch people post what they think it is.

[RockHound]

Here's a logical answer to your question regarding the Consensus Algorithm and Bitcoin Price Index:

https://www.youtube.com/watch?v=_-TLA3j-ic4

[jasonjm]

All the news about Bitcoin is positive, and investors are flocking to the crypto.  So why isn't the price going up?

ANSWER: Institutional players are artificially depressing the price through short-selling with a plan of buying LOW.  Once they move the hot money into Bitcoin, I expect the price to rapidly jump to $1000+

I used to enjoy these forums, but the intelligence of posts on here has been declining.

how do you suppress the price by short selling bitcoins?

how exactly do you short sell a bitcoin?

there is no central exchange, with paper contracts, derivatives, and such, where you could try "short sell" bitcoin, where bitcoins are settled world wide at end of each day.  Maybe some websites or exchanges might offer funky bitcoin futures and such, but at this point you are playing with "fictional" bitcoins, there are no real bitcoins trading in these transactions. The house is merely hoping you go broke before they do.

the only way to move the bitcoin price is to actually sell bitcoin. But to do that first you would have to buy bitcoins if you do not have them.

Therefore its a zero sum game.

so out of a multitude of possible answers, your answer is 100% not one of them.

[MOB]

All the news about Bitcoin is positive, and investors are flocking to the crypto.  So why isn't the price going up?

ANSWER: Institutional players are artificially depressing the price through short-selling with a plan of buying LOW.  Once they move the hot money into Bitcoin, I expect the price to rapidly jump to $1000+

I used to enjoy these forums, but the intelligence of posts on here has been declining.

how do you suppress the price by short selling bitcoins?

how exactly do you short sell a bitcoin?

there is no central exchange, with paper contracts, derivatives, and such, where you could try "short sell" bitcoin, where bitcoins are settled world wide at end of each day.  Maybe some websites or exchanges might offer funky bitcoin futures and such, but at this point you are playing with "fictional" bitcoins, there are no real bitcoins trading in these transactions. The house is merely hoping you go broke before they do.

the only way to move the bitcoin price is to actually sell bitcoin. But to do that first you would have to buy bitcoins if you do not have them.

Therefore its a zero sum game.

so out of a multitude of possible answers, your answer is 100% not one of them.

Various Chinese exchanges allow short selling, as does Bitfinex. What?

[KJO]

All the news about Bitcoin is positive, and investors are flocking to the crypto.  So why isn't the price going up?

ANSWER: Institutional players are artificially depressing the price through short-selling with a plan of buying LOW.  Once they move the hot money into Bitcoin, I expect the price to rapidly jump to $1000+

I used to enjoy these forums, but the intelligence of posts on here has been declining.

how do you suppress the price by short selling bitcoins?

how exactly do you short sell a bitcoin?

there is no central exchange, with paper contracts, derivatives, and such, where you could try "short sell" bitcoin, where bitcoins are settled world wide at end of each day.  Maybe some websites or exchanges might offer funky bitcoin futures and such, but at this point you are playing with "fictional" bitcoins, there are no real bitcoins trading in these transactions. The house is merely hoping you go broke before they do.

the only way to move the bitcoin price is to actually sell bitcoin. But to do that first you would have to buy bitcoins if you do not have them.

Therefore its a zero sum game.

so out of a multitude of possible answers, your answer is 100% not one of them.

BFX aka Bitfinex

[jasonjm]

you are not short selling a bitcoin at bitfinex

bitfinex is doing literally nothing when you short sell a bitcoin, other than taking profit on the spread. And then hoping you made a poor trade.

the only way bitfinex prices could actually affect other exchanges, is if other traders see the price is lower on BFX and decide to sell.

however you can be 100% sure that bitfinex is trading directly against its clients AKA you, exactly the same as the cheap Forex trading brokers. Some of them may try partially hedge risk by futures in FX, but there is no such luxury in bitcoinland, there is no solid counterparty to trade futures with.


for example, lets say most of bitfinex clients are long bitcoin on margin, say 3x long on margin.
Lets see the US govt accepts bitcoin as an alternative official currency for the US dollar in a surprise news release, and bitcoin moves to $10 000 within a few seconds of the news.

you can 100% be sure BFX will be broke and you can all kiss your money goodbye. They are not short selling, they are not hedging, they are taking money on the spread and then hoping you are all stupid traders.

[Meuh6879]

All the news about Bitcoin is positive, and investors are flocking to the crypto.  So why isn't the price going up?

because coinbase, bitpay and other alternate processor ... sell BTC for FIAT.


FIAT is on his end ...

we are the left duck ! 

[twiifm]

you are not short selling a bitcoin at bitfinex

bitfinex is doing literally nothing when you short sell a bitcoin, other than taking profit on the spread. And then hoping you made a poor trade.

the only way bitfinex prices could actually affect other exchanges, is if other trades see the price is lower on BFX and decide to sell.

however you can be 100% sure that bitfinex is trading directly against its clients AKA you, exactly the same as the cheap Forex trading brokers. Some of them may try partially hedge risk by futures in FX, but there is no such luxury in bitcoinland, there is no solid counterparty to trade futures with.


for example, lets say most of bitfinex clients are long bitcoin on margin, say 3x long on margin.
Lets see the US govt accepts bitcoin as an alternative official currency for the US dollar in a surprise news release, and bitcoin moves to $10 000 within a few seconds of the news.

you can 100% be sure BFX will be broke and you can all kiss your money goodbye. They are not short selling, they are not hedging, they are taking money on the spread and then hoping you are all stupid traders.

The only way you can short is if someone lets you borrow their bitcoin.

I dont use bfx or do any btc trading so i dont know.  I trade stocks.  So if i wanna short TSLA my broker TD Ameritrade lets me borrow their inventory or they find someone who will

If BFX doesnt do this then they allow naked short selling which is illegal in the stock world

[gogxmagog]

If anything the institutional players are satoshi.

Here is why I am starting to think so; the institutional players (banks, govt, corporations, tech giants, and financial industry) have known for a long time that they need a digital solution LIKE Bitcoin, but since nothing quite like it has existed before and the transition from fiat-based to digital economy has never been witnessed before they need to do field research on test subjects. They also need to protect themselves from all the guinnea pigs that are going to suffer great losses when it fails.
Invent a crypto, attribute it to a made up person, then release it into the wild. Presto. They get to observe how crypto integration goes, how cryptos work in real world situations, and see what flaws and bugs may crop up, all "hands free" and totally insulated from any sort of culpability regarding disaster. When they have gathered all the info they need they can release a "new, improved" btc-style crypto that mostly suits thief own needs but gives the consumer what he really wants - security and convenience.

I hope I'm just paranoid and it isn't true, but it is one conspiracy theory I can see some probability in.

They do the same thing with experimental medicines, have done so for decades.

[Bitmore]

The artificial depressing of the BC by the whales can only be done at increasingly high cost/pressure against upward prices, to eventually slam shut like the jaws of a bear trap.

Eventually prices will move toward the equal balance that only the market can dictate.  The resistance against market price rise is eventually going to collapse.  And it will be all at once.  And it can happen at any time.

[jaredboice]

If anything the institutional players are satoshi.

Here is why I am starting to think so; the institutional players (banks, govt, corporations, tech giants, and financial industry) have known for a long time that they need a digital solution LIKE Bitcoin, but since nothing quite like it has existed before and the transition from fiat-based to digital economy has never been witnessed before they need to do field research on test subjects. They also need to protect themselves from all the guinnea pigs that are going to suffer great losses when it fails.
Invent a crypto, attribute it to a made up person, then release it into the wild. Presto. They get to observe how crypto integration goes, how cryptos work in real world situations, and see what flaws and bugs may crop up, all "hands free" and totally insulated from any sort of culpability regarding disaster. When they have gathered all the info they need they can release a "new, improved" btc-style crypto that mostly suits thief own needs but gives the consumer what he really wants - security and convenience.

I hope I'm just paranoid and it isn't true, but it is one conspiracy theory I can see some probability in.

They do the same thing with experimental medicines, have done so for decades.

Banks and Governments would have never even allowed the IDEA of distributed open source ledgers where anyone can profit from participating as a middleman transaction verifier. It's a Power killer.
Plus, how do you convince everybody to stop using BTC and go to FedCoin or whatever?  Doesn't pass the smell test

[flounderella]

Consistent selling pressure from mined bitcoins to make ROI as well as most payment processors immediately converting to fiat when they process payments.

[tins]

Consistent selling pressure from mined bitcoins to make ROI as well as most payment processors immediately converting to fiat when they process payments.

At this point, it's still worth it. Miners will mostly dump until hitting ROI, then keep some, but also take profit.
It won't be until the next halving that the BTC anti-inflationary action kicks in that we will see steady increases ant true market value. Until then, buy all you can...in 3 years y'all will be sittin' pretty.