I believe there could be some truth in the OP. There certainly has been a lot of manipulation over the last year or so.
My advice would be to do the same as the big players may currently be doing - keep accumulating, buy as much as you can gradually. Even if it's only small amounts keep buying for that future moon bound rocket launch.
Don't get left behind, make sure you are prepared. No regrets!
Topic: Is there a quiet redistribution / accumulation going on? - page 2. (Read 2535 times)
could be, but i really think the large traders that wanted to buy coins in a quiet manner have already done so. or maybe it is a group trying to buy up huge loads of coins without moving the market. that can explain why it takes so long.
Whaleclubs buy small amounts on a daily. They did this with LTC and they did this with DOGE for long periods of time. But with Bitcoin is different, because millions of non-whales that want to get in are paying attention, so it only takes a push from whales for legit increments in the price that may establish solid higher floors.
could be, but i really think the large traders that wanted to buy coins in a quiet manner have already done so. or maybe it is a group trying to buy up huge loads of coins without moving the market. that can explain why it takes so long.
One payment processor, Bitpay, has said they don't sell their coins on the open market. They have private buyers for them.
Bitpay partners with Bitwage, who provides Bitcoins to anyone receiving a paycheck via direct deposit. Simply setup your direct deposit to send a percentage to Bitwage's deposit account and you receive Bitcoins to your wallet address every pay cycle. No action is required to withdraw your Bitcoins. They are sent to your actual on-chain Bitcoin address immediately. It is essentially Bitcoin direct deposit. It circumvents hostile banks that might try to keep their customers from sending funds to Bitcoin exchanges. This allows for a complete cycle wherein Bitcoins spent at merchants who do not wish to keep them are then sent to Bitwage's customers rather than being converted to fiat currency at an exchange.
I never really understood the reason for doing this. If you want to convert a certain amount of pay into BTC every month simply setting up an account with an exchange and sending the $ amount you want to buy over every month, works out to be the exact same. The only thing I can think of is the Bitwage path is automatic, but manually buying on an exchange isn't exactly hard and probably results in less fees. Both paths require you to provide your banking and personal information so there isn't an advantage for either one.
You don't need to use your own bank account for this. You just need a job that offers direct deposit. You get to cut out the extra middlemen of your bank and an exchange. Right now Bitwage is free to use.
Do you think in the past year and a half (since ATH), has there been a quiet redistribution of bitcoins? Do you think major players are quietly accumulating right now?
One payment processor, Bitpay, has said they don't sell their coins on the open market. They have private buyers for them. Also, since the public market has been relatively stable since the beginning of the year, if any major players were accumulating, they wouldn't do it on the public markets.
If you have any data on Bitcoin distribution from late 2013 to now, it would be great to see if it's getting more or less concentrated.
One payment processor, Bitpay, has said they don't sell their coins on the open market. They have private buyers for them. Also, since the public market has been relatively stable since the beginning of the year, if any major players were accumulating, they wouldn't do it on the public markets.
If you have any data on Bitcoin distribution from late 2013 to now, it would be great to see if it's getting more or less concentrated.
Look at bitfinex to see how the price was managed down from an attempted bubble last July in the mid 600's through the use of heavy leveraged shorting (at one stage up to 35000 bitcoins). Someone has bought a lot of coins in the last year.
One payment processor, Bitpay, has said they don't sell their coins on the open market. They have private buyers for them.
Bitpay partners with Bitwage, who provides Bitcoins to anyone receiving a paycheck via direct deposit. Simply setup your direct deposit to send a percentage to Bitwage's deposit account and you receive Bitcoins to your wallet address every pay cycle. No action is required to withdraw your Bitcoins. They are sent to your actual on-chain Bitcoin address immediately. It is essentially Bitcoin direct deposit. It circumvents hostile banks that might try to keep their customers from sending funds to Bitcoin exchanges. This allows for a complete cycle wherein Bitcoins spent at merchants who do not wish to keep them are then sent to Bitwage's customers rather than being converted to fiat currency at an exchange.
I never really understood the reason for doing this. If you want to convert a certain amount of pay into BTC every month simply setting up an account with an exchange and sending the $ amount you want to buy over every month, works out to be the exact same. The only thing I can think of is the Bitwage path is automatic, but manually buying on an exchange isn't exactly hard and probably results in less fees. Both paths require you to provide your banking and personal information so there isn't an advantage for either one.
One payment processor, Bitpay, has said they don't sell their coins on the open market. They have private buyers for them.
Bitpay partners with Bitwage, who provides Bitcoins to anyone receiving a paycheck via direct deposit. Simply setup your direct deposit to send a percentage to Bitwage's deposit account and you receive Bitcoins to your wallet address every pay cycle. No action is required to withdraw your Bitcoins. They are sent to your actual on-chain Bitcoin address immediately. It is essentially Bitcoin direct deposit. It circumvents hostile banks that might try to keep their customers from sending funds to Bitcoin exchanges. This allows for a complete cycle wherein Bitcoins spent at merchants who do not wish to keep them are then sent to Bitwage's customers rather than being converted to fiat currency at an exchange.
I have wondered about this myself. My plan of buying a fixed dollar amount each month seems to be working for me so far.
Do you think in the past year and a half (since ATH), has there been a quiet redistribution of bitcoins? Do you think major players are quietly accumulating right now?
One payment processor, Bitpay, has said they don't sell their coins on the open market. They have private buyers for them. Also, since the public market has been relatively stable since the beginning of the year, if any major players were accumulating, they wouldn't do it on the public markets.
If you have any data on Bitcoin distribution from late 2013 to now, it would be great to see if it's getting more or less concentrated.
One payment processor, Bitpay, has said they don't sell their coins on the open market. They have private buyers for them. Also, since the public market has been relatively stable since the beginning of the year, if any major players were accumulating, they wouldn't do it on the public markets.
If you have any data on Bitcoin distribution from late 2013 to now, it would be great to see if it's getting more or less concentrated.
As a general rule of thumb, when a promising asset (and BTC is the most promising thing of the past 100 years) stays really small, with a small marketcap, while you see tons of news about it and how much it will disrupt the world, but you still don't see any growth.. then yes, someone is staking up BTC daily in small amounts to not trigger a panic buy.
Since we are poor, the smart thing to do is follow and buy as much as possible during times like this, and hold on even if you see dips to scare people away.
Do you think in the past year and a half (since ATH), has there been a quiet redistribution of bitcoins? Do you think major players are quietly accumulating right now?
One payment processor, Bitpay, has said they don't sell their coins on the open market. They have private buyers for them. Also, since the public market has been relatively stable since the beginning of the year, if any major players were accumulating, they wouldn't do it on the public markets.
If you have any data on Bitcoin distribution from late 2013 to now, it would be great to see if it's getting more or less concentrated.
One payment processor, Bitpay, has said they don't sell their coins on the open market. They have private buyers for them. Also, since the public market has been relatively stable since the beginning of the year, if any major players were accumulating, they wouldn't do it on the public markets.
If you have any data on Bitcoin distribution from late 2013 to now, it would be great to see if it's getting more or less concentrated.
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