Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24039. (Read 26619966 times)

Explanation

Again, can somebody tell me if the 17 million USD buy wall for XRP at Bitstamp is a glitch or something?

It's a buy wall almost double the buy wall of the famous BTC BearWhale for fuck's sake lol

It is coin distribution. But this process has continued since 2009 and looking at the price your argument simply does not follow.

We say the same thing. You're after fiat, I'm after BTC. Both are considered ''wealth''.

I'm "here" because I believe there will be a new big bubble in the second half of 2016, and I hope to sell all my coins close to that top, for a massive fiat profit.

I'm sure you never got down to the 2nd paragraph.
Which is... you know... OK. 

FTF...etc

Adoption or not, you're also here for a reason. The same reason we are all here for. Me you, and even that Lambtroll who I falsely thought he got away, because everybody got him on ignore!

Come on Tzupy, say the reason...

SAY IT!

Sorry to bust your balls with ripple again, but you gotta see this:


BTC Bearwhale is now XRP BullWhale?     17Million USD buy wall for XRP at 0.01538 USD:

On Bitstamp:




https://www.ripplecharts.com/#/markets


1.1 billion XRP = 50K BTC = 17 Million USD
 

Does somebody know if this is a glitch or something?

The Bitcoin Brain Trust likes your reasoning, Oda.  Well done!

The "adoption" is actually early adopters spending their bitcoins and increasing bitcoin liquidity on the exchanges, resulting in more seller pressure and lower prices.
I find quit likely that 1 - 2 months from now the ask sum on exchanges to almost double. Bears rejoice over increased "adoption".

Solid reasoning vs Speculation: 1-0 

Explanation

Hear hear Oda.

We're starting to go in circles...



USD tx is "flat" only from a very shallow analysis. Looking at it in more detail, we see it drastically fell from a peak value in December last year, with one intermediate spike in March, to a low point in May, and has been rising since then despite falling price.

USD tx going up since May despite falling price means one thing and one thing only: usage is going up since then.

Sorry if that doesn't fit your narrative, but it's about as close to a fact as you can get, given our imperfect ways to observe the economic network size.



Bitpay went from 5 million USD per month to 30 million per month from mid 2013 to mid 2014, and you're "not seeing any clear signs adoption is increasing". That's really pretty funny... Let me try to drive home my point that you're cherry picking now:

Is there a climatology department at your university? Maybe go over there in a year when the latest climate data does not show an increase in average temperate or some other metric that is used in the global climate models, and tell them that it looks like climate change/global warming is over, since their latest data point doesn't show a continuation of the trend. See how they'll laugh as they you show you the door.

I'm being a bit facetious here, the Bitcoin market trend is less established (and less researched) than climate trends, but the principle is the same:

If there has been a strong, clear trend of about 5 years, you cannot conclude from a weaker subtrend of a few months that the larger trend has reversed.

You can be "skeptical" perhaps based on the latest data points, but the global assessment still has to be driven by the global trend, not the local one.


I'll summarize:

Fact: Adoption is way up from 2010 (when the network went live on a global scale).

Fact: The latest available data that is indisputably in favor of growing adoption is from mid 2013 to mid 2014 (e.g. Bitpay).

Fact: The intra-2014 data is less conclusive, showing both signs of falling trends and rising trends.

Conclusion: If in one or two years from now, the numbers (like USD tx, Bitpay/Coinbase volume) are stagnant compared to now, we could perhaps conclude adoption halted. But as of December 2014, it is a safe conclusion, given the data, that adoption has been growing.

Some people calling them selves anti.. think that they just can come here and... come here!

It's only money, brother

^
Don't do anything stupid, ChartBuddy...



You too, gentlemen.  My indifference towards your tragic plight is but a facade--My heart breaks for you gentlemen, I worry...

P.S:  Good morning my friends!


.@BlindMayorBitcorn below:  My point exactly!  You can start afresh in a new country, with a new name--no one need ever know about your embarrassing Bitcoiner past.
I hear the Nazis other reputable Bitcoiners have had good luck in Argentina, perhaps try there?

Explanation