Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13176. (Read 26723765 times)

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And thats why I love bitcoin  it just keeps giving. cost avarage £0 per coin is what it's all about

Totally superfluous, but I'm going to +1 the answers given by Syke, LoyceV and Cassius.

Especially a thinly-traded one. Finex's 24h volume is 73k BTC. Weekly vol 572k BTC. Dump a few k into that in the space of minutes, which is what happened earlier this week, and I think you'll see the influence it has.

Try selling 1% of any stock, see what happens!

Which is why "market cap" is a meaningless statistic. There is no "market" of 17M BTC.

~110 000 BTC which influences a market of ~17 250 000 BTC ? Mhhh not sure ...  

That massive stash of Silk Road-linked coins moving to Finex/Binance might have had something to do with it.

"more people" is a wrong definition. A single whale can move the price.

More people wanted to sell than buy at those prices.

Why do people care so much about what bankers say about Bitcoin? One day they say it's a scam, the next day they want to profit from trading, and now it's this again.
In reality, all they do is try to manipulate the market. Considering manipulation is one of the reasons the SEC rejected the ETF, I wouldn't be surprised if they do this to manipulate who gets to have the first ETF.
Manipulation at this level would probably mean jail time if they do it on the stock market, but because it's crypto, they get away with it.

Bankers, central banks, governments and billionaires have tried to manipulate Bitcoin for years. And I can only think of one reason: they're afraid of something they can't control and can't stop. They wouldn't say this about something unimportant, they also don't say it because they care about investors. And you won't hear them say a painting isn't worth $450 million because it doesn't produce anything and only relies on another buyer paying more for it.
They say it because of their current interests.

So why this drop 

This news had nothing to do with the drop.

I miss that December together with Logan...

Fucking manipulators. News about Goldman Sachs was fake.




https://twitter.com/TechCrunch/status/1037913950690713600?s=19
https://twitter.com/CNBCFastMoney/status/1037819606633570304

Party poop.   

Not gonna happen. Sorry.

I hate to get into another debate with you because from experience, I already know that those can devolve into a kind of "holy shit?" place.

I still believe that the jury is out on this, and to me, an assertion of a kind of another one year consolidation period inevitability seems to be attempt to plug this current BTC price correction into a 2014 pattern - and there is no way that anyone knows the cards about where this current consolidation period is going, exactly (even though some folks have been spouting off those kinds of 2014 analogies since December 2017-ish.  These folks also are not going to know, in advance, at what point such consolidation is going to be over, even though wanna-be BTC price sorcerers are not shy about spouting out such seemingly premature 2014 comparison. 

 Seems to me that the prediction problem becomes even more like guessing in circumstances that wanna-be gurus are attempting to draw a pattern too many months into the future (such as 1 year short-to-medium term?). 

So, in that regard, I certainly do not know or presume another year of BTC price consolidation, even if such a scenario could play out and even if such scenario were to have decent chances of playing out...

I am NOT going to concede such an additional 1 year consolidation period being even close to inevitable, even if hypothetically such scenario could have the greatest odds of being the most likely scenario, which, even if we assume such high likelihood of another year of consolidation, would still likely put such scenario below 40% (even if it were to be the most likely scenario out of various possible scenarios)



I don't have a problem agreeing with anyone who is attempting to prepare himself for either price direction... That kind of a practice seems to be prudent.



I am pretty sure that I understand what you are saying here, which is that you have already pretty much pulled out all of the amount of your principle (the amount that you invested); however, with such a great investment like bitcoin, to me, it does come off as a bit lazy for anyone who presumes to be knowledgeable about bitcoin to be just floating around in the space with assertions of "zero costs" when the BTC price has gone from $250 to $19,666 and back down to a bit below $5,800 (so far).  Accordingly, there seems to be a lot of potential (and activism potential) there that is being glossed over, if you are merely asserting "zero costs" without attempting to get into either more specific measures of your investment situation or creating a more active (and perhaps aggressive) BTC investment approach.

What colour do you want to use