Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12183. (Read 26608384 times)

Right now they can suppress Bitcoin's price with futures because there's very little investment going in BTC. It's not hard for the wealthy to outplay and outbid the teenagers who buy a few Bitcoins.
As I've stated here (and I also made a graph): https://bitcointalksearch.org/topic/a-look-at-cryptocurrencies-market-cap-in-comparison-5076475 there are a ton of money in other kind of investments which could possibly reach Bitcoin at some point; stocks alone have about 800 times more money invested in them than all the cryptocurrencies... not to mention that most coins' market cap is artificial.

If more money start to go in BTC, then at the very least those who are trying to suppress the price will have to do so in a higher level, they won't be able to keep it in ~3000$.

After all this time I still haven't fully bothered to wrap my head around its implications.

Speaking as a thicko, all along I've sensed an underlying desire from many to defer to what they think is a higher authority. If that is the case some will look to futures to tell them where to head because it's more 'legit'. In an ideal world the real Bitcoin market would totally ignore a cash settled futures market. It contributes nothing. It achieves nothing. It basically is nothing.

Unlike almost everything else that has a futures market, BTC can be physically delivered and verified within minutes by anyone, anywhere at any time. I'll guess many a futures market exists to create a market from scratch off the back of something effectively intangible that everyone knows is nothing but pure nothingness from the bottom up. That will never be the case with crypto.

I guess that might mean futures traders will increasingly fuck with the real market, but in the meantime that's what we're seeing with Bitmex already. For the last few months it's seemed like the spot markets only exist to be raped so people can rape others on Bitmex.

Conclusion - mainly dunno. Real adoption and real demand and real use by real people would reduce speculation and the tail wagging the dog.

~ass burgers hehe

There is a theme being propagated on interwebs that bitcoin will never be able to get from under negative price pressure from CME/CBOE futures (which are cash-settled). Apparently, it happened multiple times before with other commodities.

Q to WO crowd: do you think that bitcoin does (or doesn't) have some futures fighting mitigation strategy?

Personally, i don't fully buy that doom-and-gloom scenario because other cryptos did not have futures, yet declined even more, hence not a clear cut picture.

Would btc-settled futures like bakkt and/or 'physical' ETF objectively helpful in this fight or not?

Of course, if some some major fiat currency would experience hyperinflation, then btc would benefit, but this scenario is not very conducive to day-to-day life.

I would prefer to think about how we can use intrinsic bitcoin properties to fight CME/CBOE pushing us down (in price).

Don't be too hasty. These burgers are going to the moon!!!!one!1!!

Higher highs, lower lows today. Going very slowly though.

Oh my god I did too!

I read "semi melted feces". And it made sense.

And all written with a straight face? Amazing!

As do you. As do most here. Such is not 'shilling', by the universally recognized definition.


Bullshit. Only in using precise terms can information be not misleading. Intentional misuse of terms is inherently misleading.


IOW, it is precisely correct.


Nonsense.


Examples would buttress your argument. None provided.


The most widely accepted, in fact. Both historic and current.


Perhaps in portions thereof. The ignorant, cavalier, imprecise sub-communities maybe. Most, however, apply the proper definition to the term. For to do otherwise inserts ambiguity and misunderstanding into the conversation.

Note that, should one hew to the proper definition, one arrives at an understanding of the nature of my advocacy. But misapplying the word, one is left not knowing whether my advocacy is paid or unpaid. Misusing the term thusly only weakens discourse.


Not 'marvelously clever'; just commonly correct in the face of stupidity.


Fraud? I am a fraud? Are you claiming that I assert myself to be human when I am not? Or what?


Again, a misuse of a term with an accepted definition. In this case, 'conman' being defined as one who exudes a soothing manner applied to lies in order to gain the confidence of another, such confidence to be abused to have said other entrust the conman with actions that result in the conman stealing from the other.

Your misapplication of the term is again a perfidious misrepresentation, and amounts -- in and of itself -- to fraudulent behavior on your part.

Thanks P_Shep & mic!

My guys 

It will be written in our semi melted faces.

Anyway - https://cointelegraph.com/news/germanys-second-largest-stock-exchange-solarisbank-partner-to-launch-crypto-exchange

The winter may be long. The summer will burn us to a crisp when it eventually arrives.

SORRY LFC, i only did 1 for you and 1 for me LoL 

We(*) should make an index so that newbies know where to find all the wisdom of the WO encyclopedia. It can get confusing with all the chitchat about Bitcoin.




(*) Infofront.

https://bitcointalksearch.org/topic/new-bakkt-game-5083242

LAST DAY TOMORROW

missing some hats on that list, and gentlemand WO regular....

ICYGREEN change your price

5 sMerits HMs way on your behalf. 

Lots of time for grooming, style and plastic surgery tips.

I expect an army of Bogdanoffs to show up for the big buck party.

This is gonna be a fucking long and boring winter.

No wonder hordes of people go commit crypto suicide at 100x on Bitmex.