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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14571. (Read 26608616 times)

sr. member
Activity: 579
Merit: 267
Cho cho chooooooo fuckerssssss Grin
legendary
Activity: 2688
Merit: 2470
$120000 in 2024 Confirmed
legendary
Activity: 2520
Merit: 3038
Here we go? 11k in the weekend?
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓

The bitstamp market depth to $10k right now is around $10 million dollars. The Tether marketcap is around $2.2 BILLION. On a slow day, Tether may "print" a cool $25 million which doesn't cost them a dime.

So contrary to your assertion that Tether isn't "jeopardising our lovely honey badger", the fact of the matter is it can eat bitcoin's price for breakfast anytime it wants.


Wait... you are comparing public order book market depth of BTC on a SINGLE exchange (and single currency pair) to full marketcap of Tether while also assuming it is 100% unbacked? So much for comparing apples to oranges!

I am not sure that is a fair comparison.... If you would just vaguely say that "in case Tether is unbacked it could have an undetermined impact on BTC price", that statement would be right though.
legendary
Activity: 2140
Merit: 1628
We choose to go to the moon
Steady on, lads. If you buy all the bitcoins on the exchanges, there won't be enough left to share them round equally.

Communist!  Shocked
legendary
Activity: 3780
Merit: 5429
Hey guys, JPMorgan thinks that Bitcoin is a "fraud", but for some reason also believes that Bitcoin ETFs are the "Holy Grail"...

http://www.businessinsider.com/jpmorgan-explains-why-a-bitcoin-etf-is-a-holy-grail-2018-2

 Roll Eyes
legendary
Activity: 2688
Merit: 2470
$120000 in 2024 Confirmed
sr. member
Activity: 274
Merit: 251
Nice run up. Next is 10k Cool Cool Cool
legendary
Activity: 3066
Merit: 1188

Further, you already provided a link to a scam article, and like I said the dead horse beaten subject has been floating around for more than 6 months

LoL ! Well I only hope you're right cos I'm long BTC you may be interested to know, being one of those "going down with the ship" people.

However, I can add up and you seem not to be able to so that's the explanation for the matter not "going away" since you were looking for one. What exactly is "scam" about that article anyway ?

you failed to meet your burden to show facts and/or logic to convince me

The bitstamp market depth to $10k right now is around $10 million dollars. The Tether marketcap is around $2.2 BILLION. On a slow day, Tether may "print" a cool $25 million which doesn't cost them a dime.

So contrary to your assertion that Tether isn't "jeopardising our lovely honey badger", the fact of the matter is it can eat bitcoin's price for breakfast anytime it wants.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
You do recall the chart of the size of tether as compared with all of the cryptos, correct?

I don't have the link right now, but anyhow tether is a very small fraction of this total crypto space

The correct comparison is not marketcap to marketcap, it's Tether marketcap to BTC market DEPTH.

Come back when you've checked that ratio out.

Pardon my ignorance but, what's the current market depth of USDT vs BTC to go 50% up/down?

Where could I check it?


Bitserve.. don't get distracted by toknormal's nonsensical assignment. 

S/he/it has the burden to show this kind of information if s/he/it believes the information to be relevant to his extraordinary proclamations.... otherwise, s/he/it is just playing hide the ball and/or making claims about information that does not exist.

  S/he/it is making an assignment for us to run around and to find supposed proof to rebut when s/he/it is making the nonsense arguments... and likely such information is really not available anyhow because it is very difficult to show exactly the amount of BTC traded across so many exchanges, and OTC and if s/he/it had such information, then s/he/it should present such evidence to us and describe how it is supposedly relevant to the claims being made.
legendary
Activity: 1652
Merit: 4393
Be a bank
Steady on, lads. If you buy all the bitcoins on the exchanges, there won't be enough left to share them round equally.
sr. member
Activity: 2142
Merit: 418
wat is the reason of this pump?
not complaining though  Grin
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Well well well. The old bladder alarm woke me just in time for a nice rally.

Who needs sleep? Go Bitcoin go.
legendary
Activity: 1303
Merit: 1681
a Cray can run an endless loop in under 4 hours
fuck yeah, I'm so addicted to green dildos...
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
legendary
Activity: 2338
Merit: 2106
watch dat green candle grow on 3 min chart...  Grin

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
You do recall the chart of the size of tether as compared with all of the cryptos, correct?

I don't have the link right now, but anyhow tether is a very small fraction of this total crypto space

The correct comparison is not marketcap to marketcap, it's Tether marketcap to BTC market DEPTH.

Come back when you've checked that ratio out.

Whatever.  I don't need any homework assignments to be running around trying to disprove your nonsensical theories.  You are the one trying to make a nonsense claim about supposed bitcoin impending perils.. when we already had our regularly scheduled in the middle of a bull run 70% correction.

 Further, you already provided a link to a scam article, and like I said the dead horse beaten subject has been floating around for more than 6 months, and you also provided a link to BTC market cap versus Tether for your supposed nonsensical proof, and you failed to meet your burden to show facts and/or logic to convince me (or probably many others) that there is any major issue involving a Tether scam that is jeopardizing the whole of our lovely honey badger beyond your assertion and the ongoing assertions of your FUD spreading bear shill doom and gloom associates.

You recall when BTC prices were in the lower $1 - $2k territories .. or was it our early 2017 correction down to $890, and you were calling for an inevitable fall to below $500? 

You were wrong then, and you are most likely wrong here, again, with your ongoing unsubstantiated, party poop negativism and exaggerated BTC fragileness assertions.   Tongue    Roll Eyes 

We going UP, no?   Wink Cheesy  I'm seeing a spurt from $8,900 to $9,200.. looking good, looking good.   Wink
legendary
Activity: 1891
Merit: 3096
All good things to those who wait

This wall has been there for 3 days at least. Btw, a hidden wall of 1K BTC was eaten at 8999.6 on Bitfinex.
hero member
Activity: 1011
Merit: 721
Decentralize everything
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
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