Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13835.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Majormax on May 23, 2018, 03:01:25 AM

Quote from: JayJuanGee on May 23, 2018, 02:59:09 AM

Quote from: Majormax on May 23, 2018, 02:51:27 AM

Quote from: LFC_Bitcoin on May 23, 2018, 02:42:32 AM

Quote from: moneyForjam on May 23, 2018, 01:06:42 AM

Currently 18.5% of your guys think BTC will be over 12K May 31 Huh

I personally voted for sub 6K, but price could be in the 6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

Or anything between 6000 and 10000. 7-10 is Overly bullish

Even though you are kind of serious, Majormax, I will take your above characterization as "dry" joke. As opposed to a "wet" joke.

Forgot the /sarc

..but just demonstrating that this kind of poll is pointless in such a short timeframe.

Its just a bell-curve probability around the current price. Ask any option/future trader. Maths

Even though I don't agree with the Majormax suggestion of a kind of nearly inevitable bitcoin downtrend to be necessary prior to a return to UP, I do agree with you that likely there would be more value in the construction of more creative poll questions...

realr0ach

sr. member

Activity: 924

Merit: 311

#TheGoyimKnow

Quote from: ?? on ??

Bitcorn is dead.

Majormax

legendary

Activity: 2534

Merit: 1129

Quote from: JayJuanGee on May 23, 2018, 02:59:09 AM

Quote from: Majormax on May 23, 2018, 02:51:27 AM

Quote from: LFC_Bitcoin on May 23, 2018, 02:42:32 AM

Quote from: moneyForjam on May 23, 2018, 01:06:42 AM

Currently 18.5% of your guys think BTC will be over 12K May 31 Huh

I personally voted for sub 6K, but price could be in the 6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

Or anything between 6000 and 10000. 7-10 is Overly bullish

Even though you are kind of serious, Majormax, I will take your above characterization as "dry" joke. As opposed to a "wet" joke.

Forgot the /sarc

..but just demonstrating that this kind of poll is pointless in such a short timeframe.

Its just a bell-curve probability around the current price. Ask any option/future trader. Maths

Phil_S

legendary

Activity: 2145

Merit: 1660

We choose to go to the moon

Pattern or coincidence? Hmm... Huh

The dates and prices according to daily CSV from http://data.bitcoinity.org/markets/price_volume/6m/USD/bitstamp?r=day&t=lb&vu=curr

2018-01-06, 16668.5643185421
2018-02-06, 6835.84821266674
2018-03-05, 11523.4020303713
2018-04-06, 6647.56117864003
2018-05-05, 9828.26955459211

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Majormax on May 23, 2018, 02:51:27 AM

Quote from: LFC_Bitcoin on May 23, 2018, 02:42:32 AM

Quote from: moneyForjam on May 23, 2018, 01:06:42 AM

Currently 18.5% of your guys think BTC will be over 12K May 31 Huh

I personally voted for sub 6K, but price could be in the 6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

Or anything between 6000 and 10000. 7-10 is Overly bullish

Even though you are kind of serious, Majormax, I will take your above characterization as "dry" joke. As opposed to a "wet" joke.

Rosewater Foundation

sr. member

Activity: 392

Merit: 254

B'awb retired, LastoftheV8's loaded up on personal automobiles and hit the skids, Jimbo bought up Mexico. It's over. There's nothing more to see.

Majormax

legendary

Activity: 2534

Merit: 1129

Quote from: LFC_Bitcoin on May 23, 2018, 02:42:32 AM

Quote from: moneyForjam on May 23, 2018, 01:06:42 AM

Currently 18.5% of your guys think BTC will be over 12K May 31 Huh

I personally voted for sub 6K, but price could be in the 6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

Or anything between 6000 and 10000. 7-10 is Overly bullish

Majormax

legendary

Activity: 2534

Merit: 1129

Quote from: LFC_Bitcoin on May 23, 2018, 02:42:32 AM

Quote from: moneyForjam on May 23, 2018, 01:06:42 AM

Currently 18.5% of your guys think BTC will be over 12K May 31 Huh

I personally voted for sub 6K, but price could be in the 6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

Only 8 days away. There is a very high probability of 7500-8500. IMO a pointless vote.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: LFC_Bitcoin on May 23, 2018, 02:42:32 AM

Quote from: moneyForjam on May 23, 2018, 01:06:42 AM

Currently 18.5% of your guys think BTC will be over 12K May 31 Huh

I personally voted for sub 6K, but price could be in the 6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

moneyForjam = wishful for thinking

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: moneyForjam on May 23, 2018, 01:06:42 AM

Currently 18.5% of your guys think BTC will be over 12K May 31 Huh

I personally voted for sub 6K, but price could be in the 6,000-$6,500 area

Or it could be anything else between $7,000 & $10,000. The way you’ve posted there is overly bearish & suspiciously shilling.

bitserve

legendary

Activity: 1932

Merit: 1610

Self made HODLER ✓

Quote from: Rosewater Foundation on May 23, 2018, 02:22:52 AM

You know I love you guys, but this thread is beginning to feel like a cargo cult. John Frum is not coming back.

That's exactly what people kept saying during 2014/2015.

Rosewater Foundation

sr. member

Activity: 392

Merit: 254

You know I love you guys, but this thread is beginning to feel like a cargo cult. John Frum is not coming back.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Karartma1 on May 23, 2018, 01:48:40 AM

Future markets have already manipulated every underlying assets they touch WITHOUT having to deal with the real asset. I only care about the real number of bitcoins traded on the exchanges (which is not accurate but at least it gives us an idea). And, if there are exchanges that are playing with fire (fractional reserve anyone) let them burn. Bitcoin does not need exchanges in the long run anyway

Your underlying premise, Karartma, seems to be correct that real bitcoin should be more valuable than ones that are held by third parties or represented on pieces of paper that might not materialize the actual bitcoins. So, if there are attempts to manipulate the price of bitcoin through these pieces of paper that fictionally represent bitcoins that are not backed by actual bitcoins, then those could merely be attempts to trick peeps into selling their real bitcoins, perhaps? Maybe peeps are only going to be tricked for so long about the fictional bitcoins that are represented on pieces of paper that are not actually verified to have the coins, on the blockchain?

Karartma1

legendary

Activity: 2310

Merit: 1422

Future markets have already manipulated every underlying assets they touch WITHOUT having to deal with the real asset. I only care about the real number of bitcoins traded on the exchanges (which is not accurate but at least it gives us an idea). And, if there are exchanges that are playing with fire (fractional reserve anyone) let them burn. Bitcoin does not need exchanges in the long run anyway

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Karartma1 on May 23, 2018, 01:26:15 AM

This small dump doesn't make much sense, don't sell. Volumes are low don't get fooled by those who want your coins. Remember there are only 21M (and we all know there are even less due to losses and such).
Let the panic unfold before your eyes but, don't be afraid. You all know how it works

So are these futures markets akin to creating new coins that will never have to be bought from the current pool as long as the market keeps moving in their collective majority direction?

Karartma1

legendary

Activity: 2310

Merit: 1422

This small dump doesn't make much sense, don't sell. Volumes are low don't get fooled by those who want your coins. Remember there are only 21M (and we all know there are even less due to losses and such).
Let the panic unfold before your eyes but, don't be afraid. You all know how it works

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: moneyForjam on May 23, 2018, 01:06:42 AM

Currently 18.5% of your guys think BTC will be over 12K May 31 Huh

I personally voted for sub 6K, but price could be in the 6,000-$6,500 area

Stop asking for cheap bitcoins...

... We will not sell. So... You can go now and sing at another table. We don't want to hear your singing!

moneyForjam

jr. member

Activity: 165

Merit: 4

Always believe in magic

Currently 18.5% of your guys think BTC will be over 12K May 31 Huh

I personally voted for sub 6K, but price could be in the 6,000-$6,500 area

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: buyandhold on May 22, 2018, 05:11:23 PM

https://tradingplacesnewsletter.com/move-over-crypto-enthusiasts-wall-street-will-take-it-from-here-5b5a9067bc5
ugh

Quote

Far from being disintermediated, Wall Street is at the center of the new wave in interest in crypto. Liquidity in the crypto markets is powered by the same high-frequency trading firms that are dominate in equities, U.S. Treasuries, futures, and every other liquid asset class. Jump, the largest trader of U.S. Treasuries has a trading team of 22 people working on crypto according to a source familiar with the matter. That team is larger than any other single trading team (of which there are approximately two dozen) in the company. Hudson River Trading, Tower Research, and XR Trading all have large automated trading initiatives on the retail exchanges. (Notably absent from the list is Virtu.)

ugh

Yeah it's gross but true. Good read thx.

Quote

The lack of relationship to real world fundamentals means that the true value of a crypto assets is impossible to determine (e.g., as opposed to price/earnings ratio of a stock), but the price is readily apparent by the balance of supply and demand in the market. This is a trader’s paradise! As a former trader, I did not know whether Treasury yields were going up or down a year from now (or even hours from now), but I could make a two-sided market to any counterparty on the street because I had a ton of information about who wanted to buy or sell.

This is so true of Eth.

Quote

Uncensored money and distributed applications were great concepts but have found success in few real-world applications. However, the blockchain has found its killer app and it is Trading. There are a few new players in the market (notably, the crypto exchanges), but for the most part crypto is fitting into the existing world of the capital markets.

So, thank you crypto-nerds. You have invented the greatest financial instrument ever known to man. Wall Street will take it from here.

mindrust

legendary

Activity: 3276

Merit: 2442

Don't worry guys 1btc is still 1btc. I would have freaked out only if 1btc was 1bcash.

btc/usd is not that important. If it goes lower buy more, if it goes higher buy less. Just buy it anyway. Just think about the full moon in 2020 while you drive your lambo. You'll suddenly feel calm as a cow. Grin

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13835. (Read 26720873 times)