Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14462. (Read 26723805 times)
March 08, 2018, 02:21:29 AM
Was it all a glade?
March 08, 2018, 02:15:21 AM
Here we are playing chicken with the old trendline again. 
Magnets. Its all done with magnets.
Oh yeah, longs / shorts remain solidly bearish at 1.59. No sign of a bounce yet.
On the Dark Forest chart, we continue to sit comfortably near the middle of the rolling foothills.
Magnets. Its all done with magnets. Oh yeah, longs / shorts remain solidly bearish at 1.59. No sign of a bounce yet.
On the Dark Forest chart, we continue to sit comfortably near the middle of the rolling foothills.
March 08, 2018, 02:07:32 AM
Where do I sign up for a 65% discount sale?
The sale already happened.. .... don't you remember about 1 month ago - $5,920? Maybe you cannot remember because the sale was 70% rather than 65%?
You guys play blindman's bluff until the cows come home. My eyes are wide open
The chickens come home to roost...
fuck the cow. They can stay in the pastures and fend for themselves, or get eaten by bears.
You guys play blindman's bluff until the cows come home. My eyes are wide open
When did you flip from hodl to panic? lolIf u did not get the memo, Rosewater is on constant trigger panic alert. It's a full-time status for him, and any BTC price move of greater than 2.83% is going to nearly put him into the cupboards, with chocolate on his face. Wait, is that chocolate?
March 08, 2018, 02:02:42 AM
You guys play blindman's bluff until the cows come home. My eyes are wide open
When did you flip from hodl to panic? lol 
March 08, 2018, 02:00:37 AM
You guys play blindman's bluff until the cows come home. My eyes are wide open
BMB! WAKE UP! you're dreaming again. Same nightmare as before? 
March 08, 2018, 01:38:36 AM
You guys play blindman's bluff until the cows come home. My eyes are wide open
March 08, 2018, 01:34:19 AM
165k is less than 1% of supply. If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.
If volume is usually in the 10% range of the total supply then throwing an extra 1% on the market would increase volume by 10% (and thus to 11%). Let's say that of the 10% volume half is buy and half is sell pressure. If you now add 1% total supply to the sell side your sell pressure increases to 6%, which is now 20% higher than the buy pressure. This 20% figure is a bit more significant than 1% and in this case is more visible than the amount of extra coins are as a function of total supply.tl;dr liquidity matters
And we allll know what happens when it gets turned up to eleven!
Bitcoin “market cap”: $250 billion
Sale amount required to crash Bitcoin by over 65%: approximately $0.5 billion
House of cards, anyone? When a few whales finally decide to cash out, the party is over.
Where do I sign up for a 65% discount sale? Sale amount required to crash Bitcoin by over 65%: approximately $0.5 billion
House of cards, anyone? When a few whales finally decide to cash out, the party is over.
March 08, 2018, 01:27:20 AM
Bitcoin “market cap”: $250 billion
Sale amount required to crash Bitcoin by over 65%: approximately $0.5 billion
House of cards, anyone? When a few whales finally decide to cash out, the party is over.
Sale amount required to crash Bitcoin by over 65%: approximately $0.5 billion
House of cards, anyone? When a few whales finally decide to cash out, the party is over.
No, it will bounce like it has ten thousand times before - Bitcoin is Anti-Fragile. OG whales are starting to get a bit thin on the ground, Loaded notwithstanding.
March 08, 2018, 01:25:13 AM
Bitcoin “market cap”: $250 billion
Sale amount required to crash Bitcoin by over 65%: approximately $0.5 billion
House of cards, anyone? When a few whales finally decide to cash out, the party is over.
Sale amount required to crash Bitcoin by over 65%: approximately $0.5 billion
House of cards, anyone? When a few whales finally decide to cash out, the party is over.
March 08, 2018, 01:23:41 AM
165k is less than 1% of supply. If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.
If volume is usually in the 10% range of the total supply then throwing an extra 1% on the market would increase volume by 10% (and thus to 11%). Let's say that of the 10% volume half is buy and half is sell pressure. If you now add 1% total supply to the sell side your sell pressure increases to 6%, which is now 20% higher than the buy pressure. This 20% figure is a bit more significant than 1% and in this case is more visible than the amount of extra coins are as a function of total supply.tl;dr liquidity matters
Well said. However the salient point is that the market demonstrates its immaturity by being so thinly traded. Keep in mind we are dipping by the mere threat of the sale of 165k coins.
Edit: Lopumbo beat me to it by 9 seconds.
March 08, 2018, 01:23:32 AM
165k is less than 1% of supply. If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.
that just shows how shallow the market is
if less than 1% of supply can push the price ~70% down, one might wonder what happens if 2-3 whales just cash out, that can happen every day
March 08, 2018, 01:11:04 AM
165k is less than 1% of supply. If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.
If volume is usually in the 10% range of the total supply then throwing an extra 1% on the market would increase volume by 10% (and thus to 11%). Let's say that of the 10% volume half is buy and half is sell pressure. If you now add 1% total supply to the sell side your sell pressure increases to 6%, which is now 20% higher than the buy pressure. This 20% figure is a bit more significant than 1% and in this case is more visible than the amount of extra coins are as a function of total supply.tl;dr liquidity matters
And we allll know what happens when it gets turned up to eleven!
March 08, 2018, 01:02:38 AM
165k is less than 1% of supply. If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.
If volume is usually in the 10% range of the total supply then throwing an extra 1% on the market would increase volume by 10% (and thus to 11%). Let's say that of the 10% volume half is buy and half is sell pressure. If you now add 1% total supply to the sell side your sell pressure increases to 6%, which is now 20% higher than the buy pressure. This 20% figure is a bit more significant than 1% and in this case is more visible than the amount of extra coins are as a function of total supply.tl;dr liquidity matters
March 08, 2018, 12:20:11 AM
165k is less than 1% of supply. If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.
March 08, 2018, 12:03:00 AM
I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.
Bullish AF!
Bullish AF!
Yeah, but I believe that GOX started with 200k BTC, and over the past 3 months, they sold about 35k BTC.. which is hardly a blip in BTC's trading volume... I think that there is fear about what they are going to do with the other 165k BTC, right? Which I doubt that they are going to announce before they do anything, such as sell, right?
March 08, 2018, 12:02:46 AM
I'm shitposting myself into the poorhouse. 
March 07, 2018, 11:58:50 PM
Bounce Bounce
March 07, 2018, 11:55:22 PM
Well 2018 turned out to be a shitty year for bitcoin
Yeah such a shitty year, and so short, too. I cannot believe how fast it has gone by. As you get older, years seem to go by faster and faster.
Seems like it has been only a couple of months and 2018 is already over... Fuck!!!!!
Edit: ah hah!!!!!!!! I see that olseh beat my post by 7 seconds.
March 07, 2018, 11:52:26 PM
I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.
Bullish AF!
Bullish AF!
March 07, 2018, 11:41:21 PM
That’s just silly when you can do it yourself.
Will convey preferred taxation considerations to some.
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