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.
Topic: very simple question - page 2. (Read 2531 times)
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+
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.
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+
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.
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+
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.
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
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
Could be right, we shall have to wait and see.
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+
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+
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