Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 249.

LoyceV

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Quote from: BlackHatCoiner on July 05, 2024, 02:20:38 AM

Quote from: LoyceV on July 05, 2024, 02:06:22 AM

Miners sell Bitcoin to buy hardware and electricity. That money leaves the Bitcoin ecosystem, and requires an equal inflow of dollars (or local currency) to make up for it.

Why is the money from miner sellers considered to be leaving the Bitcoin ecosystem, while the money from miner buyers is not regarded as equally entering the Bitcoin ecosystem?

Tough questions, I like it Tongue

The money from buyers enters the Bitcoin ecosystem. But that can be taken out again, while the money spent by miners on hardware and electricity can't come back in.

Quote from: fillippone on July 05, 2024, 02:42:02 AM

Now sell your damn bitcoins and let us live peacefully.
If you are selling now your bit pins from MtGox you didn’t clearly deserved it in the first place.

This has been going on for how long? Ten years of "selling pressure"? Just get it over with!

For the "X" link dumps: I'd appreciate it if you quote the post with the link. I'm not visiting that site Tongue

BTCaesar

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The current Status of us:

https://x.com/absurtolaylar/status/1808791283365748749

somac.

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Never selling

Quote from: Zeunerts on July 05, 2024, 03:13:53 AM

Quote from another thread,

Quote from: d5000 on July 05, 2024, 01:31:21 AM

Today it was even worse: the trading volume was over 50 billion, and the Bitcoin price has lowered, so even if we take 57000 $ as the average price (I guess it is actually significantly lower, i.e. more coins were sold) and 30 billion as the "normal" trading volume, then today 400975 BTC were sold! This is almost three times the 140.000 Goxcoins, and more than 6x the coins which will probably be paid out (to individual creditors).

And that only because Gox moved some coins, it actually didn't pay out anything. Yes, there was a movement of German BKA coins too, and it's possible that they were sold, but that was much earlier than the "big dump".

(Actually I should write that in some Asian language because the main dump occurred during Asian trading hours.)

-> Today (05/07) more than 3x of the BTC were sold than MtGox will pay out in July - https://bitcointalksearch.org/topic/m.64291075

There's only so many weak hands.

shahzadafzal

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Quote from: LFC_Bitcoin on July 05, 2024, 12:22:18 AM

This is BULL SHIT…..

If you enjoy BULL run we should like BULL SHIT too.

Zeunerts

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Quote from another thread,

Quote from: d5000 on July 05, 2024, 01:31:21 AM

Today it was even worse: the trading volume was over 50 billion, and the Bitcoin price has lowered, so even if we take 57000 $ as the average price (I guess it is actually significantly lower, i.e. more coins were sold) and 30 billion as the "normal" trading volume, then today 400975 BTC were sold! This is almost three times the 140.000 Goxcoins, and more than 6x the coins which will probably be paid out (to individual creditors).

And that only because Gox moved some coins, it actually didn't pay out anything. Yes, there was a movement of German BKA coins too, and it's possible that they were sold, but that was much earlier than the "big dump".

(Actually I should write that in some Asian language because the main dump occurred during Asian trading hours.)

-> Today (05/07) more than 3x of the BTC were sold than MtGox will pay out in July - https://bitcointalksearch.org/topic/m.64291075

ChartBuddy

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Explanation
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El duderino_

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BTC + Crossfit, living life.

https://x.com/whalepanda/status/1809080887952203794?s=46

El duderino_

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BTC + Crossfit, living life.

It’s annoying….

Good Germany and mt gox got a ton of all the altcoins as well to sell …. Roll Eyes

fillippone

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Now sell your damn bitcoins and let us live peacefully.
If you are selling now your bit pins from MtGox you didn’t clearly deserved it in the first place.

Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash

Quote

The defunct crypto exchange announced last month that it will begin repayments in July

somac.

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Never selling

Quote from: Paashaas on July 05, 2024, 02:08:41 AM

B..but german goverment isn't done selling and Gox coins hasn't moved yet..

X

Yep, proving that the Gox coins and German selling are not the issue. This selling is something else, but of course the media loves its excuses for the market moves.

BlackHatCoiner

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Farewell, Leo

Quote from: LoyceV on July 05, 2024, 02:06:22 AM

Miners sell Bitcoin to buy hardware and electricity. That money leaves the Bitcoin ecosystem, and requires an equal inflow of dollars (or local currency) to make up for it.

Why is the money from miner sellers considered to be leaving the Bitcoin ecosystem, while the money from miner buyers is not regarded as equally entering the Bitcoin ecosystem?

fillippone

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Quote from: LoyceV on July 05, 2024, 02:06:22 AM

Quote from: fillippone on July 04, 2024, 02:20:11 PM

Quote from: LoyceMobile on July 04, 2024, 02:07:25 PM

That's 10 billion dollars leaving the Bitcoin ecosystem each year.

Why?
Miners are rewarded inside the Bitcoin ecosystems. They are paid in Bitcoins. Those bitcoins stay in the ecosystem. Nothing is leaving.

Miners sell Bitcoin to buy hardware and electricity. That money leaves the Bitcoin ecosystem, and requires an equal inflow of dollars (or local currency) to make up for it.

Exchanges sell dollars to buy bitcoin.
Or mining hardware producers sell ASICS to buy bitcoin.
I personally sell my services to buy bitcoin.

That money doesn’t exit the system.

Paashaas

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B..but german goverment isn't done selling and Gox coins hasn't moved yet..

X

LoyceV

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Quote from: fillippone on July 04, 2024, 02:20:11 PM

Quote from: LoyceMobile on July 04, 2024, 02:07:25 PM

That's 10 billion dollars leaving the Bitcoin ecosystem each year.

Why?
Miners are rewarded inside the Bitcoin ecosystems. They are paid in Bitcoins. Those bitcoins stay in the ecosystem. Nothing is leaving.

Miners sell Bitcoin to buy hardware and electricity. That money leaves the Bitcoin ecosystem, and requires an equal inflow of dollars (or local currency) to make up for it.

somac.

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Never selling

Quote from: Biodom on July 05, 2024, 01:15:29 AM

it's all a f-g game.
Oh, no someone moved coins from one wallet to another...run run /s.
Bitcoin supposedly has 40 bil normal daily volume.
Mtgox coins should be a nonevent, UNLESS someone is trying to entice mtgox creditor whales (like Tim Draper) to sell asap.
This is, obviously, some kind of a "play".

You got it.

ChartBuddy

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Explanation
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Zeunerts

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Good morning.

cygan

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icarus-cards.eu

Richy_T

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Quote from: Biodom on July 05, 2024, 01:15:29 AM

Bitcoin supposedly has 40 bil normal daily volume.

Maybe. But a lot of that could be the same coins being moved back and forward so new coins on the market *could* be significant. Though I do believe this isn't organic and is overwrought.

Biodom

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it's all a f-g game.
Oh, no someone moved coins from one wallet to another...run run /s.
Bitcoin supposedly has 40 bil normal daily volume.
Mtgox coins should be a nonevent, UNLESS someone is trying to entice mtgox creditor whales (like Tim Draper) to sell asap.
This is, obviously, some kind of a "play".

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 249. (Read 26463137 times)