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Topic: I cannot believe the price does not move after NYSE news (Read 3514 times)

sr. member
Activity: 476
Merit: 250
The NYSE stuff was priced in long ago. It's been baked into the price all along.

This
legendary
Activity: 1358
Merit: 1014
It did make a impact... My neighbour knows I am Bitcoin Crazy, and he stopped me in the street, to tell me, he noticed the Bitcoin price ticker on the NYSE.

His next question was... Is Bitcoin getting that big now? {This put a smile on my face... He always shot anything down, when I spoke about Bitcoin}

I anticipated his next question... Where do you buy your Bitcoin?  Grin Grin Grin

People start to notice, and need to figure out where to buy at the lowest price... So it will take time. {Education}


People here think good news should trigger insta bumps. Are you new into this?
First of all: ALL markets are manipulated. Ask yourself, do whales benefit from a huge BTC price right now? Nope, because we are still very early in the game, regular folk has still tons of doubts about it, there are tons of random BTC millonaires out there holding tons of coins that they mined/holded by pure luck. They want all that wealth of those nerd's pockets and they know they will end up panic selling if they keep this mental feeling of a down trend.
Manipulation + BTC still very early developed (its like early 90's internet) explain anything.

In other words, buy, hold, or cry later.
legendary
Activity: 2338
Merit: 2106
legendary
Activity: 1260
Merit: 1116
There is a short document somewhere in the NYSE site that describes the their bitcoin price index.  It is some kind of day average, computed (by a secret formula) from data provided by an extensive list of bitcoin exchanges whose names begin with "Coin", end with "base", and are at most 8 letters long.

The price is updated daily at 16:00:00 UTC (4 pm London time), weekdays only.

It seems very useful, for what I cannot say.

lol. This was good. Smiley


more useful than your filthy trolling.

Oh my. Undecided
legendary
Activity: 2338
Merit: 2106
There is a short document somewhere in the NYSE site that describes the their bitcoin price index.  It is some kind of day average, computed (by a secret formula) from data provided by an extensive list of bitcoin exchanges whose names begin with "Coin", end with "base", and are at most 8 letters long.

The price is updated daily at 16:00:00 UTC (4 pm London time), weekdays only.

It seems very useful, for what I cannot say.

lol. This was good. Smiley


more useful than your filthy trolling.
legendary
Activity: 3248
Merit: 1072
I think that good news is expected.

If there wasn't any good news, everybody would sell.

so the good news that work now, is to make bitcoin not worst in the price

in the end bad news drive the bitcoin dumping, good news prevent that, then my question is , what we need to raise?
legendary
Activity: 2124
Merit: 1013
K-ing®
Price will rise when people learn about bitcoin and btc almost free transaction
legendary
Activity: 2044
Merit: 1005
If accounts are in usd that would enable big fiat players to simply leverage short Bitcoin to hit $10 then take profit.. Now imagine a bank doing this with almost unlimited fiat paper.. It skips the need to buy the coins to short them if fiat is allowed to be used as collateral.
full member
Activity: 196
Merit: 100
I now firmly believe that bitcoin price is manipulated by whales and nothing more.

Well that can't last forever. Only 21 million coins max, there's not enough to go around if bitcoin gets big. What happens if coinbase or circle run out of bitcoin to sell during a huge influx of newcomers? They go to their supplying miner or exchange and buy some. Eventually the whales will run out of coins or decide to stop selling.
lmfao
newbie
Activity: 49
Merit: 0
There is a short document somewhere in the NYSE site that describes the their bitcoin price index.  It is some kind of day average, computed (by a secret formula) from data provided by an extensive list of bitcoin exchanges whose names begin with "Coin", end with "base", and are at most 8 letters long.

The price is updated daily at 16:00:00 UTC (4 pm London time), weekdays only.

It seems very useful, for what I cannot say.

Usage for the index could be for futures contracts and options.
legendary
Activity: 1937
Merit: 1001
Those are smart people, unlike the majority here that's just looking for a get-rich-quick scheme.
They know a scam when they see one.
legendary
Activity: 1260
Merit: 1116
There is a short document somewhere in the NYSE site that describes the their bitcoin price index.  It is some kind of day average, computed (by a secret formula) from data provided by an extensive list of bitcoin exchanges whose names begin with "Coin", end with "base", and are at most 8 letters long.

The price is updated daily at 16:00:00 UTC (4 pm London time), weekdays only.

It seems very useful, for what I cannot say.

lol. This was good. Smiley
hero member
Activity: 728
Merit: 500
So your one of those that wants the price to go up. I mean it be nice if it did , but a few still want the technology to continue not just the price.
legendary
Activity: 1442
Merit: 1188
I now firmly believe that bitcoin price is manipulated by whales and nothing more.

Well that can't last forever. Only 21 million coins max, there's not enough to go around if bitcoin gets big. What happens if coinbase or circle run out of bitcoin to sell during a huge influx of newcomers? They go to their supplying miner or exchange and buy some. Eventually the whales will run out of coins or decide to stop selling.
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
I think that good news is expected.

If there wasn't any good news, everybody would sell.

I doubt the average Chinese bot gives the tiniest shit about good news or lack thereof these days.
legendary
Activity: 2338
Merit: 1035
I think that good news is expected.

If there wasn't any good news, everybody would sell.
hero member
Activity: 910
Merit: 1003
There is a short document somewhere in the NYSE site that describes the their bitcoin price index.  It is some kind of day average, computed (by a secret formula) from data provided by an extensive list of bitcoin exchanges whose names begin with "Coin", end with "base", and are at most 8 letters long.

The price is updated daily at 16:00:00 UTC (4 pm London time), weekdays only.

It seems very useful, for what I cannot say.
sr. member
Activity: 476
Merit: 250
The NYSE stuff was priced in long ago. It's been baked into the price all along.
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