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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17605. (Read 26712909 times)

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
ETH has good fundamentals,

Fundamentals?

ETH fundamentals?

OK, help me out here... fundamentally, what is ETH good for?

ETH is currently as good as any other crypto - meaning it's basically no good for anything other then gambling Cheesy What makes ETH's fundamentals good are it's core mechanics that keep it open to a wider range of applications for the future. This means more arguments to buyers, on why they should be excited about buying. The crypto markets in general need constant flow of new ideas of innovation to keep people excited enough to keep them from exiting. ETH has potential in my eyes just because it's easy to sell ETH to people that have no idea about crypto. I don't try to determine what crypto will prevail in practical use, it's enough for me to determine what crypto can be sold the easiest. That's why I got interested in ETH just when it was around 1$. I had no idea if ETH's technical side will live up to it's promises. But I knew that the given promises will get a lot of attention.

But at least for some days, I'm out of ETH. The ETH market is no stranger to concentration of wealth and these fast surges usually end when FOMO is strong and they end rather harshly. I could be wrong and ETH could continue the surge. But luckily ETH has served me well enough this month, that I can afford to be wrong and make my bet following my regular principles of trading.

Fuck off with your alt-coin pumping shit thanks.

the only time you show up here is to pump your shitcoins and dump on bitcoin ... we don't need your eastern euro-trash shittalk around here thanks.
legendary
Activity: 876
Merit: 1000
ETH has good fundamentals,

Fundamentals?

ETH fundamentals?

OK, help me out here... fundamentally, what is ETH good for?

ETH is currently as good as any other crypto - meaning it's basically no good for anything other then gambling Cheesy What makes ETH's fundamentals good are it's core mechanics that keep it open to a wider range of applications for the future. This means more arguments to buyers, on why they should be excited about buying. The crypto markets in general need constant flow of new ideas of innovation to keep people excited enough to keep them from exiting. ETH has potential in my eyes just because it's easy to sell ETH to people that have no idea about crypto. I don't try to determine what crypto will prevail in practical use, it's enough for me to determine what crypto can be sold the easiest. That's why I got interested in ETH just when it was around 1$. I had no idea if ETH's technical side will live up to it's promises. But I knew that the given promises will get a lot of attention.

But at least for some days, I'm out of ETH. The ETH market is no stranger to concentration of wealth and these fast surges usually end when FOMO is strong and they end rather harshly. I could be wrong and ETH could continue the surge. But luckily ETH has served me well enough this month, that I can afford to be wrong and make my bet following my regular principles of trading.
legendary
Activity: 2338
Merit: 2106
obviously this is revenge-selling of butt-hurt large stack BU advocates. the timing is telling.

/tinfoil hat off.  Cheesy


edit: civil war needs to stop.
legendary
Activity: 947
Merit: 1008
central banking = outdated protocol
And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

what crash?

Just see the bitfinex movement buddy. Price dropped down by $40

oh i see down -1.5%

seems like blind selling.

pretty sure random blind selling will break support at these high levels
then at -5% people will get nervous
at -15% they're gonna panic
and then i can finally buy back, before the forking.

Right after the monkeys fly out of my butt!

You have monkeys in your butt?  Undecided
full member
Activity: 287
Merit: 101
And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

what crash?

Just see the bitfinex movement buddy. Price dropped down by $40

oh i see down -1.5%

seems like blind selling.

pretty sure random blind selling will break support at these high levels
then at -5% people will get nervous
at -15% they're gonna panic
and then i can finally buy back, before the forking.

Right after the monkeys fly out of my butt!
legendary
Activity: 1120
Merit: 1001
And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

Crash?! Are you serious? -30 USD is not that bad when we are sitting on four digits.

Yeah not much of a crash unless it's $100 because we are used to it
sr. member
Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
there we go a bear FINALLY someone came to his senses
sr. member
Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

what crash?

Just see the bitfinex movement buddy. Price dropped down by $40

oh i see down -1.5%

seems like blind selling.

pretty sure random blind selling will break support at these high levels
then at -5% people will get nervous
at -15% they're gonna panic
and then i can finally buy back, before the forking.
legendary
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

Crash?! Are you serious? -30 USD is not that bad when we are sitting on four digits.
legendary
Activity: 1120
Merit: 1001
And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

what crash?

Just see the bitfinex movement buddy. Price dropped down by $40
sr. member
Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me

what crash?
oh i see down -1.5%

seems like blind selling.

pretty sure random blind selling will break support at these high levels
then at -5% people will get nervous
at -15% there gana panic
and then i can finally buy back, before the forking.
legendary
Activity: 1120
Merit: 1001
And there she goes........

Any idea what just caused the crash ? Doesn't looked like a correction to me
legendary
Activity: 1859
Merit: 1001
btc - nooooooooooooooooooooooooooooooooooooooooooo



not really, lets see some mf triple digit coins for meeeeeeee!!
hero member
Activity: 1848
Merit: 640
*Brute force will solve any Bitcoin problem*
ETH has good fundamentals,

Fundamentals?

ETH fundamentals?

OK, help me out here... fundamentally, what is ETH good for?

^eth the slower dash meh~ :-D
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
ETH has good fundamentals,

Fundamentals?

ETH fundamentals?

OK, help me out here... fundamentally, what is ETH good for?
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight

Hmm... Bill Murray, I know... Google Image Search tells me 'Groundhog Day' - a movie I've never seen (despite my finding Andie MacDowell (she was in that, right?) a room-filling brilliance). Relevance? You and I have been kicking around these parts publicly since mid-2011 (somewhat longer as an unregistered lurker for me). The movie is something about the same events playing over & over?
legendary
Activity: 1260
Merit: 1000
Are alt coins taking over? What the fuck is going on?

This don't look too good for bitcoin

Nah, the writing was on the wall that with the ETF being rejected, "they" (as MatTheMat refers to) couldn't keep raising it higher and higher and find people to dump their expensive coins on.  What you just discovered is how small and manipulated this entire market really is.  It looks like to me that Digital Currency Group transferred out of BTC and over to Bologniex to pump scamcoins (to find idiots to dump expensive Eth on) and this single entity (including their media outlet mouthpiece Scamdesk) can control the price of all alts at once or if BTC goes up or not.  The bitcoin market is not that big, it's all an illusion.
legendary
Activity: 947
Merit: 1008
central banking = outdated protocol
Walls seem to be falling with increasing volume.
legendary
Activity: 1260
Merit: 1000
I have infiltrated the Chinese trading market:

chinese ppl hang pork in the air to dry to make bacon
they hang bacon next to their clothes
lol
lol
yes
legendary
Activity: 1932
Merit: 1610
Self made HODLER ✓
When Dash bursts, even if all of it went to fiat it should not affect bitcoin price... and if some percentage of it goes to Bitcoin that means up, not down for bitcoin.

I guess most people would trade Dash -> BTC -> Fiat. By far, Dash/BTC is the largest market, Dash/USD is tiny compared to it. I don't think there will be a relevant impact of a massive Dash -> BTC movement into the BTC/USD price, but a large "Dash bank run" into fiat via BTC could affect the price to the downside.

Volume of Dash was 25-75 million per day in the last week, so there is some money in there. Maybe not sufficient for a large crash, but it could cause a correction, above all if - as you speculate - there were massively masternodes withdrawing from the Dash ecosystem.

But I think you are not taking into account that if they go from dash to btc and then into fiat that's a zero sum. I mean, if during a week ALL of dash went to btc and then into fiat, the end result would be no change in BTC price (not for the usage of BTC as a way out to fiat).

Also, I am sure that a good chunk of it would end into BTC so that would mean positive impact on the price.
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