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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19045. (Read 26609885 times)

legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
I guess there's someting to be said for having stayed off that list. Wink

It has been "berry berry good *to* *me*".

My bitterness is reward enough. Undecided

If you just listened to me and ate some pineapple we wouldn't be having this problem.
hero member
Activity: 714
Merit: 500
Don't mind me. I'm just pissed I missed the train. I bet there's rich folks eating in fancy dining cars. They're probably drinkin' coffee and smoking big cigars.

...

And that's what tortures me...

Did you see that UK tv show "world's most expensive food"?

The dweeby looking Chinese dude ordering $1000/100g caviar exclaimed he is new money, made through 'trading crypto-currencies'. Barley looked old enough to drive a car.
So yes, anyone who loses money can rest assured - your money is being well spent. In fact the caviar has probably been turned into expensive shit and flushed to the fishes a few times since then.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1260
Merit: 1116
I guess there's someting to be said for having stayed off that list. Wink

It has been "berry berry good *to* *me*".

My bitterness is reward enough. Undecided
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
WTF, 7 years in prison for using BTC in Russia???

Do they still shoot you at the border if you try to escape?  If not there will be no one left except oligarchs and cretins.
full member
Activity: 180
Merit: 100
WTF, 7 years in prison for using BTC in Russia???
full member
Activity: 126
Merit: 100
$409 seems to be holding Smiley
Fun fact: there's actually a love song called We Built a 409. An ode to 409, with no redeeming value (beyond being notably lame) whatsoever.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 1132
Merit: 818
Kraken has had ETH <-> fiat for quite some time, but the volume isn't that big.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
...consider the pumping of ETH to have somewhat of an overall suppressing effect on the BTC prices.  It may not be a large effect, but there is probably some relationship there...

When people want ETH, they buy BTC.  When they make large gains, today, they want to book in fiat, so they sell BTC.  If the gains are more than the pot stakes, it is a net negative for BTC, but so far the trend has been recycling via trading, and a net inflow to BTC.  If they wait for BFX to exchange against fiat, it is good for BTC and bad for ETH, because the gains get booked against ETH, for fiat.  Eventually, the flows into ETH may be more from fiat, less from BTC, and the BTC sales to ETH buyers will decline, which is bad for BTC, but almost certainly in the beginning of BFX trading the net flows are fiat -> BTC -> ETH -> fiat, which is favorable to BTC and negative for ETH.

Quote
not going to cause me to send any of my dong in that ETH direction. 

I am not entirely sure they want your dong.



Your above analysis makes quite a bit of sense - especially since the early trading of ETH has likely been nearly exclusively through BTC, yet with ETH's growth, we may witness more and more large scale abilities to get in and out of ETH through fiat, as the Bitfinex plan will contribute to such new dynamics.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
...consider the pumping of ETH to have somewhat of an overall suppressing effect on the BTC prices.  It may not be a large effect, but there is probably some relationship there...

When people want ETH, they buy BTC.  When they make large gains, today, they want to book in fiat, so they sell BTC.  If the gains are more than the pot stakes, it is a net negative for BTC, but so far the trend has been recycling via trading, and a net inflow to BTC.  If they wait for BFX to exchange against fiat, it is good for BTC and bad for ETH, because the gains get booked against ETH, for fiat.  Eventually, the flows into ETH may be more from fiat, less from BTC, and the BTC sales to ETH buyers will decline, which is bad for BTC, but almost certainly in the beginning of BFX trading the net flows are fiat -> BTC -> ETH -> fiat, which is favorable to BTC and negative for ETH.

Quote
not going to cause me to send any of my dong in that ETH direction. 

I am not entirely sure they want your dong.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
the price went down once again, i can not wait for any significant price increases that could happen very soon, because i need some movements in price

hopefully i will make some money out of bitcoin as the price is not showing any actions for a long time already

No action?  What do you want?   Yeah maybe some kind of upward rocket of anywhere between .5x to 10x would be nice, but we cannot necessarily hold our breath for some variation of that upward price scenario.

If you are talking about price actions we have had a lot of price actions in the past week or so.

We had prices floating in the $420s about a week ago, and then a day later, we had a dip to $382 and then another day later we had prices back into the lower $400s, with movement up to a bit over $420s within the past 36 hours and then beginning about 12 hours ago a return to the current price point.. $410s.. and either price direction is possible at the moment.. to experience some additional BTC price actions.  

Getting 3 to 10% price fluctuations... is showing some definite action... yet with such mediocre ongoing trade volumes in the past few months, I will continue to question the extent to which us regular BTC investors (who are holding fewer than 1,000 in coins) are getting played around by some bigger players who have an ability to easily get in and out of 10k to 20K coins or more and to manipulate BTC prices with their trading on such ongoing low trade volumes.
full member
Activity: 126
Merit: 100
We are approaching an inflection point, the next couple of hours might make the bears happy... Wink

Another account sold to the jew bankers.  Look at his post history.  Nothing but "omg btc is gonna crash" spam for like the last year.

Yeah, you're just butthurt that we didn't buy your shitty account.


#NoShekels4Gentile
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
I guess there's someting to be said for having stayed off that list. Wink

It has been "berry berry good *to* *me*".
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 770
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
the price went down once again, i can not wait for any significant price increases that could happen very soon, because i need some movements in price

hopefully i will make some money out of bitcoin as the price is not showing any actions for a long time already
hero member
Activity: 1132
Merit: 818
Dash might get intresting too. As BTC seems to have given up the idea to become the world's digital cash (and instead become it's digital gold reserve), something has got to fill that large gaping hole.

Still, I believe BTC well get pumped one more time around the halving. That might be a good time to diversify more. Right now I'm 45% 'diversified', with 0% ETH.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
i pumped 3 into ETH, I'm looking for 0.04, idk what is going on but i do know that this is what it feels like when you figure out that ETH  actually has some merit.





Amazing as it may seem... that .04 BTC per ETH certainly seems within reach... especially there may be some additional pumping with the addition of ETH on Bitfinex... until one week later or so, when Bitfinex allows shorting.......

The ability to short, and with leverage, will certainly cause some interesting dynamics in the ETH space (still a week or more into the future).

I am evolving a little bit on this topic in my thinking to consider the pumping of ETH to have somewhat of an overall suppressing effect on the BTC prices.  It may not be a large effect, but there is probably some relationship there... because ratlly it makes some logical sense that if another crypto performs about a 15X in less than 3 months, it is going to get some attention... and then also surpassing the 1 billion market cap point is putting ETH at about 1/6 of BTC's market cap... ETH seems way over inflated to me at $13 and also seemed way overinflated to me at $4...... but with the ongoing pump, we could possibly witness another doubling of ETH in the coming weeks, putting it at $26 and 1/3  of BTC's market cap....  but not going to cause me to send any of my dong in that ETH direction.    Embarrassed Embarrassed
legendary
Activity: 1260
Merit: 1000
We are approaching an inflection point, the next couple of hours might make the bears happy... Wink

Another account sold to the jew bankers.  Look at his post history.  Nothing but "omg btc is gonna crash" spam for like the last year.

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