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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12944. (Read 26714918 times)

legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"

Wow a 15000BTC sale brings the price down for only several hundreds? Bullish!  Cool
That is exactly the amount sold from 6600 to 6200-ish in Bitfinex. The price looks stable for now, only 5% loss is no big drama. It looks more like a bear trap to me. Of course, I agree that this year so far was a bears shitshow. All these people clearly have little faith and patience (or at least they had before but lost it now). But sooner or later the selling bears will dissapear.  Let's hope this was the last bear selling at 6K range.  I clearly remember last year how many people sold thousands of bitcoins when the price was below 3K. Now it is a rare thing to see a sell above 1K. In the next years probably we will be talking of hundreds-bitcoin-whales, then tens-bitcoin-whales  Wink

In gloomy days like these, I try to imagine where the price will be in 3, 5, 10 years? There is no need to wreck my nerves by these short dips. If I just hold, I will become a millionaire way before my retirement. So, instead of selling, I prefer to buy moar bitcoins with my pathetic salary. Who knows, may be we will see new ATH sooner than expected.  I don't want to be on the wrong side when this happens.  Grin Yes, I have faith that I will see it and enjoy it with my full stash intact by these shakeouts!!!

If you are willing to have a time preference horizon that goes beyond 5 years, it seems that you have really decent odds of profiting stupendously by continuing to dollar cost average into BTC until then - and hoping for the best - even if you happen to be regularly investing with a "pathetic salary," as you mentioned.

Of course, such hope regarding the future of BTC (and presumably BTC prices that will follow) is based on a certain kind of disparity of information in which you seem to understand the fundamentals of BTC and there are so many average Joes who either do not have a clue about BTC or they are filled with Angst or apathy regarding the extent to which bitcoin "may be valuable" (from their perspective). 

On the other hand, if your time horizon is way shorter, then there certainly could be some unnecessary risks - for example even less than 3 years - and you would not want to put a great amount of your money into BTC if you really needed to have that money liquid in a shorter period of time - such as less than 3 years.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"

Wow a 15000BTC sale brings the price down by only several hundreds? Bullish!  Cool


In the end, who really knows what is happening with those 15k BTC?

We have coins moving here and there, but we don't know whose they are nor where they have moved, and a lot of exchanges can handle a decent amount of volume, anyhow, without really being affected - unless there is a way to show a kind of coordinated manipulation attempt.

Even the movement and the sale of a significant quantity of Gox coins in late 2017 and a few more times in 2018 were hardly proven as contributory to any kind of meaningful long term manipulation - even though claims of such were made, and likely there is a decent incentive for some short term gains from manipulator insiders (as long as they can get away with it).

I don't see the point of underline a 15.000 sell..... isn't daily volume more than 700.000 BTC?

What am I missing here?

700,000 of the same old coins moving back and forth. this is fresh meat to dump.

You trying to exaggerate a bunch of bullshit, ECB?  Who gives a ratt's ass about a few extra BTC dumped on the BTC market, unless you are filled with hopium that this time is going to work - to get BTC prices below $5774.
 

There are more important things going on, including various other markets (traditional markets, and a bit of an alt coin dump) going down quite simultaneously... and then a question about the extent to which BTC is going to dump as much  or hold value and perhaps even show some ability to serve as a inversely correlated investment... Let's see..... Let's see.  Interesting times, in which we live, no?  And, not just one factor (such as a relatively minuscule amount of BTC being moved from one unknown address to another unknown address).   Get real...  Roll Eyes Roll Eyes Roll Eyes 
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Our assets are sore from too much correlation.
Seems to be a short term perception.

It was a shitpun, actually.

I don't think there's any real correlation, except as someone said a temporary disturbance probably linked to suffering stock positions - or bonds, which have been in milder but structural trouble for a while already.

If the stock market gets a couple more blows, it could turn into priming bull fuel, even.

Yes.... Exactamente.   Something like:  "It is correlated, until it is not."

 Wink
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
The markets down again today and then Bitcoin dips after close, what the fuck.

Calm down , and keep on hodling whats possible too HODL.....
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
The real loser was someone who could have bought at $58, but was too busy calling Bitcoin dead back then to realise. So wrong, for so long.

What a total (demonstrably stupid) prick. 

Reminds me of the Wizard of Oz. If you don't have a brain, all you need is a diploma.
legendary
Activity: 2282
Merit: 2057
A Bitcoiner chooses. A slave obeys.
9:13am CST. Dallas, TX Suburbs: The hiss of carbonated air can be heard escaping from a cold, fermented alcoholic beverage.

I bought £200 worth of God’s green yesterday, when I get home I’m going to get high AF

Ak-47 indoor here. Flowery sweet scent mixed with a citrus fruity and oak taste. Really nice.

Outdoor sativa's today! The terpenes are so amazing.  Ready for the long winter just in case.


OH that is b-e-a - UTIFUL! I only tried growing it myself once, around 2012 when I was starting my physics bachelors. Little one died anyway.. Sad



Books and junk was for the size comparison.
legendary
Activity: 3122
Merit: 1538
yes
Roubini seems to be soliciting for the ‘1995 Internet vs fax’ quote award in relation to cryptocurrencies. I think he will win  Roll Eyes
legendary
Activity: 1652
Merit: 4393
Be a bank
legendary
Activity: 2604
Merit: 1748


The real loser was someone who could have bought at $58, but was too busy calling Bitcoin dead back then to realise. So wrong, for so long.

What a total (demonstrably stupid) prick. 

legendary
Activity: 1652
Merit: 4393
Be a bank
https://phys.org/news/2018-10-bitcoin-dollar.html
https://arxiv.org/pdf/1804.05916.pdf
Quote
Here, it is demonstrated that over the recent months the Bitcoin market has become truly indistinguishable from mature markets according to the most important complexity characteristics, related to the return distribution, temporal correlations and multi-scaling effects, even including their generalization to discrete scale invariance, which manifests itself through log-periodic oscillations accompanying the large-scale trend reversals.
legendary
Activity: 1464
Merit: 1136
9:13am CST. Dallas, TX Suburbs: The hiss of carbonated air can be heard escaping from a cold, fermented alcoholic beverage.

I bought £200 worth of God’s green yesterday, when I get home I’m going to get high AF

Ak-47 indoor here. Flowery sweet scent mixed with a citrus fruity and oak taste. Really nice.

Outdoor sativa's today! The terpenes are so amazing.  Ready for the long winter just in case.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Woke up & saw the price, down we go once again. This has been a really shit year for bitcoin. Hopefully 2019 is much better, obviously we continue to HODL though.

 Smiley


You are a party poop, today, LFC (or perhaps Phyllis?).


legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
9:13am CST. Dallas, TX Suburbs: The hiss of carbonated air can be heard escaping from a cold, fermented alcoholic beverage.

I bought £200 worth of God’s green yesterday, when I get home I’m going to get high AF

Ak-47 indoor here. Flowery sweet scent mixed with a citrus fruity and oak taste. Really nice.

Friesland Indica (landrace in Quebec after 30 years, greenhouse grown) here. Strong AF.

Actually, I think I'll roll up either some Shirak-i-Mazar or some Malana Cream with a little extra-mild tobacco.

I love my black but I don't smoke cigarettes. I just use tobacco as a condiment/mix.



At the moment I'm sipping a classic martini (Tanqueray 4-1, olive).

Life is good. Go Bitcoin go.
member
Activity: 368
Merit: 31
sr. member
Activity: 728
Merit: 317
Crypto Casino & Sportsbook
sr. member
Activity: 728
Merit: 317
Crypto Casino & Sportsbook
Morning and the day was lousy, in the evening I fixed it.

Chears!
legendary
Activity: 2282
Merit: 2057
A Bitcoiner chooses. A slave obeys.
i think it might be time we touched some bottoms ...

gunna need some preparation H

Edit:Well now after you added that pic in, my joke is just retarded.
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