Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21729.

podyx

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Quote from: phoenix1 on May 13, 2015, 09:56:49 AM

Quote from: podyx on May 13, 2015, 09:51:41 AM

Does anyone have link to the OTC volume?

$GBTC ??

http://www.otcmarkets.com/stock/GBTC/quote

And Time and Sales here

http://quotes.freerealtime.com/dl/frt/M?IM=quotes&type=Time%26Sales&SA=quotes&symbol=GBTC&qm_page=93229

Also, nice charting of NAV here

https://tradeblock.com/markets/igsc/xbt-usd/1h/

Nah I recall someone had a link to OTC volume a while back. Was pretty long time ago though but it should still exist.

Why is the volume so low on GBTC tho?

phoenix1

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Quote from: ?? on ??

Quote from: billyjoeallen on May 13, 2015, 09:18:03 AM

Quote from: ?? on ??

Quote from: billyjoeallen on May 13, 2015, 09:04:28 AM

[ ... ] It may take the Wall Street idiots a while to figure that out.

They're no match for a fireman from the sticks, granted. Give them time.

Ad Hominem is a logical fallacy. Points for putting "match"' "sticks" and "fireman" in the same sentence.

Billy Joe, though even a cat may look at a king, it's in no position to judge.

"Ad hominem" doesn't apply here. Not attacking your character. It's only reasonable to assume that financial advice of a fireman from the sticks is less likely to be useful than that of those who were educated and work in finance.
Just like it's perfectly reasonable to take medical opinion of a physician over ...oh, let's say "fireman from the sticks."

He's pretty hot on the correlation between smoke and fire Cheesy

LFC_Bitcoin

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Quote from: billyjoeallen on May 13, 2015, 09:48:58 AM

Price stability means that someone or group is buying net 3600 coins/day. Some one is buying very patiently and it's not just bears deleveraging. More bitcoins in the hands of patient people=bullish.

This is what I'm talking about.
The more of us that buy & hodl, buy & hodl the better, limit supply.
Limit the supply and the big prices will come, especially as we near the next halving summer 2016.
Don't miss the train people, we are going places next year.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

phoenix1

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Quote from: podyx on May 13, 2015, 09:51:41 AM

Does anyone have link to the OTC volume?

$GBTC ??

http://www.otcmarkets.com/stock/GBTC/quote

And Time and Sales here

http://quotes.freerealtime.com/dl/frt/M?IM=quotes&type=Time%26Sales&SA=quotes&symbol=GBTC&qm_page=93229

Also, nice charting of NAV here

https://tradeblock.com/markets/igsc/xbt-usd/1h/

podyx

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Does anyone have link to the OTC volume?

billyjoeallen

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Price stability means that someone or group is buying net 3600 coins/day. Some one is buying very patiently and it's not just bears deleveraging. More bitcoins in the hands of patient people=bullish.

phoenix1

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Quote from: billyjoeallen on May 13, 2015, 09:33:21 AM

Quote from: phoenix1 on May 13, 2015, 09:23:20 AM

Quote from: billyjoeallen on May 13, 2015, 09:20:21 AM

Quote from: phoenix1 on May 13, 2015, 09:18:08 AM

Quote from: billyjoeallen on May 13, 2015, 09:08:54 AM

Quote from: inca on May 13, 2015, 09:02:45 AM

Quote from: billyjoeallen on May 13, 2015, 08:54:13 AM

Has anyone stopped to consider that the dollar index is down for two months in a row? What this means is that bitcoin is already in a clear bull market (significantly above the 200 day moving average) in almost every fiat currency other than the USD and currencies that are pegged to the dollar.

Just in case you are wondering why there has been no correction for weeks.

It is far to soon to correlate USD and bitcoin to any meaningful degree. Volume is so low globally we can clearly see individual traders footprints..

We don't know that. It could have already started. Correlation is only clear after the fact. What we do know is that, all things being equal, it should correlate at some point.

All things being equal, the price of BTC would drop in other currencies as the dollar weakened if BTC:USD remained constant, so I don't quite understand your comment on how their charts would look more bulish in a weakining dollar scenario (talking purely about effect of FX rates here, nothing else)

The correlation is negative, obviously. Otherwise my argument makes no sense.

The comment makes no sense
Inverse correlation between $ and BTC price flatters the BTC:USD chart more than that of any other currency as the dollar weakens

My assumption is that BTC:USD is NOT constant, quite the opposite. We're already in a BTC:Euro bull market, for example. I'm basically saying that the market has more upward momentum than the BTC:USD charts are showing. How much more is unknown.

Still not understanding your logic BJA . How can the BTC:EUR chart look more bullish than BTC:USD chart if USD is weakening against the Euro? Hint - it can't Wink

This is my last reply on the topic. You can carry believing your false logic if you like, but I'm done trying to help you see the error in your thought process.
Nothing personal - it's just boring now ...

EDIT: That's not meant to come across as hostile Wink

ricmi

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Too bad fireman's bull market* is happening in the middle of a china's stock bubble.

* Cheesy

sleger

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Quote from: billyjoeallen on May 13, 2015, 09:33:21 AM

Quote from: phoenix1 on May 13, 2015, 09:23:20 AM

Quote from: billyjoeallen on May 13, 2015, 09:20:21 AM

The correlation is negative, obviously. Otherwise my argument makes no sense.

The comment makes no sense
Inverse correlation between $ and BTC price flatters the BTC:USD chart more than that of any other currency as the dollar weakens

My assumption is that BTC:USD is NOT constant, quite the opposite. We're already in a BTC:Euro bull market, for example. I'm basically saying that the market has more upward momentum than the BTC:USD charts are showing. How much more is unknown.

I am going to join the other posters and agree that your comments do not make any sense.

inca

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I think we move up soon..

billyjoeallen

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Quote from: phoenix1 on May 13, 2015, 09:23:20 AM

Quote from: billyjoeallen on May 13, 2015, 09:20:21 AM

Quote from: phoenix1 on May 13, 2015, 09:18:08 AM

Quote from: billyjoeallen on May 13, 2015, 09:08:54 AM

Quote from: inca on May 13, 2015, 09:02:45 AM

Quote from: billyjoeallen on May 13, 2015, 08:54:13 AM

Has anyone stopped to consider that the dollar index is down for two months in a row? What this means is that bitcoin is already in a clear bull market (significantly above the 200 day moving average) in almost every fiat currency other than the USD and currencies that are pegged to the dollar.

Just in case you are wondering why there has been no correction for weeks.

It is far to soon to correlate USD and bitcoin to any meaningful degree. Volume is so low globally we can clearly see individual traders footprints..

We don't know that. It could have already started. Correlation is only clear after the fact. What we do know is that, all things being equal, it should correlate at some point.

All things being equal, the price of BTC would drop in other currencies as the dollar weakened if BTC:USD remained constant, so I don't quite understand your comment on how their charts would look more bulish in a weakining dollar scenario (talking purely about effect of FX rates here, nothing else)

The correlation is negative, obviously. Otherwise my argument makes no sense.

The comment makes no sense
Inverse correlation between $ and BTC price flatters the BTC:USD chart more than that of any other currency as the dollar weakens

My assumption is that BTC:USD is NOT constant, quite the opposite. We're already in a BTC:Euro bull market, for example. I'm basically saying that the market has more upward momentum than the BTC:USD charts are showing. How much more is unknown.

phoenix1

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Quote from: billyjoeallen on May 13, 2015, 09:20:21 AM

Quote from: phoenix1 on May 13, 2015, 09:18:08 AM

Quote from: billyjoeallen on May 13, 2015, 09:08:54 AM

Quote from: inca on May 13, 2015, 09:02:45 AM

Quote from: billyjoeallen on May 13, 2015, 08:54:13 AM

Has anyone stopped to consider that the dollar index is down for two months in a row? What this means is that bitcoin is already in a clear bull market (significantly above the 200 day moving average) in almost every fiat currency other than the USD and currencies that are pegged to the dollar.

Just in case you are wondering why there has been no correction for weeks.

It is far to soon to correlate USD and bitcoin to any meaningful degree. Volume is so low globally we can clearly see individual traders footprints..

We don't know that. It could have already started. Correlation is only clear after the fact. What we do know is that, all things being equal, it should correlate at some point.

All things being equal, the price of BTC would drop in other currencies as the dollar weakened if BTC:USD remained constant, so I don't quite understand your comment on how their charts would look more bulish in a weakining dollar scenario (talking purely about effect of FX rates here, nothing else)

The correlation is negative, obviously. Otherwise my argument makes no sense.

The comment makes no sense
Inverse correlation between $ and BTC price flatters the BTC:USD chart more than that of any other currency as the dollar weakens

billyjoeallen

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Quote from: phoenix1 on May 13, 2015, 09:18:08 AM

Quote from: billyjoeallen on May 13, 2015, 09:08:54 AM

Quote from: inca on May 13, 2015, 09:02:45 AM

Quote from: billyjoeallen on May 13, 2015, 08:54:13 AM

Has anyone stopped to consider that the dollar index is down for two months in a row? What this means is that bitcoin is already in a clear bull market (significantly above the 200 day moving average) in almost every fiat currency other than the USD and currencies that are pegged to the dollar.

Just in case you are wondering why there has been no correction for weeks.

It is far to soon to correlate USD and bitcoin to any meaningful degree. Volume is so low globally we can clearly see individual traders footprints..

We don't know that. It could have already started. Correlation is only clear after the fact. What we do know is that, all things being equal, it should correlate at some point.

All things being equal, the price of BTC would drop in other currencies as the dollar weakened if BTC:USD remained constant, so I don't quite understand your comment on how their charts would look more bulish in a weakining dollar scenario (talking purely about effect of FX rates here, nothing else)

The correlation is negative, obviously. Otherwise my argument makes no sense. Dollar down= bitcoin up in other currencies. We need diversification of BTC ownership for stability and the market incentives suggest we'll get (or possibly are getting) a relative boost from outside the U.S.

Bitcoin was designed to be a dollar inflation hedge.

phoenix1

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Quote from: billyjoeallen on May 13, 2015, 09:08:54 AM

Quote from: inca on May 13, 2015, 09:02:45 AM

Quote from: billyjoeallen on May 13, 2015, 08:54:13 AM

Has anyone stopped to consider that the dollar index is down for two months in a row? What this means is that bitcoin is already in a clear bull market (significantly above the 200 day moving average) in almost every fiat currency other than the USD and currencies that are pegged to the dollar.

Just in case you are wondering why there has been no correction for weeks.

It is far to soon to correlate USD and bitcoin to any meaningful degree. Volume is so low globally we can clearly see individual traders footprints..

We don't know that. It could have already started. Correlation is only clear after the fact. What we do know is that, all things being equal, it should correlate at some point.

All things being equal, the price of BTC would drop in other currencies as the dollar weakened if BTC:USD remained constant, so I don't quite understand your comment on how their charts would look more bulish in a weakining dollar scenario (talking purely about effect of FX rates here, nothing else)

billyjoeallen

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Quote from: ?? on ??

Quote from: billyjoeallen on May 13, 2015, 09:04:28 AM

[ ... ] It may take the Wall Street idiots a while to figure that out.

They're no match for a fireman from the sticks, granted. Give them time.

Ad Hominem is a logical fallacy. Points for putting "match"' "sticks" and "fireman" in the same sentence.

inca

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Anyone else just waiting for a 10k market buy or sell on finex?

Wandererfromthenorth

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Quote from: billyjoeallen on May 13, 2015, 09:08:54 AM

Quote from: inca on May 13, 2015, 09:02:45 AM

Quote from: billyjoeallen on May 13, 2015, 08:54:13 AM

Has anyone stopped to consider that the dollar index is down for two months in a row? What this means is that bitcoin is already in a clear bull market (significantly above the 200 day moving average) in almost every fiat currency other than the USD and currencies that are pegged to the dollar.

Just in case you are wondering why there has been no correction for weeks.

It is far to soon to correlate USD and bitcoin to any meaningful degree. Volume is so low globally we can clearly see individual traders footprints..

We don't know that. It could have already started. Correlation is only clear after the fact. What we do know is that, all things being equal, it should correlate at some point.

oda.krell

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@bja Sure. That, and a 15 times larger "market cap" than the next biggest crypto competitor (and I use the term "competitor" very loosely here) are pretty clear signs which horse to bet on right now. I'm just mentioning as well that the best horse in the race currently isn't guaranteed to be the historical champion ... hm... I suck at metaphors.

billyjoeallen

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Quote from: inca on May 13, 2015, 09:02:45 AM

Quote from: billyjoeallen on May 13, 2015, 08:54:13 AM

Has anyone stopped to consider that the dollar index is down for two months in a row? What this means is that bitcoin is already in a clear bull market (significantly above the 200 day moving average) in almost every fiat currency other than the USD and currencies that are pegged to the dollar.

Just in case you are wondering why there has been no correction for weeks.

It is far to soon to correlate USD and bitcoin to any meaningful degree. Volume is so low globally we can clearly see individual traders footprints..

We don't know that. It could have already started. Correlation is only clear after the fact. What we do know is that, all things being equal, it should correlate at some point.

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