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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25571. (Read 26610951 times)

legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Why are you picking on me BTW?

I think if there really are paid FUDsters on this forum, Boxman is what they'd look like. This is clearly getting way too personal so I suspect an ulterior motive.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
i wonder if that ETF will be traded 24/7 ...
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
sr. member
Activity: 336
Merit: 250
Unbelievable! JJG isn't making walls of text!  Grin Grin Grin
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
perma-bulls... perma-bulls everywhere...

perma-bulls are always bullish, if your waiting for us to be bearish... you're gonna be waiting a long time...

And that's why there's nearly no difference between trolls (like me) and perma-bulls. It's a extreme position far away from reality on the markets. Delusion.

The only real difference is that most trolls only fake their bearish delusion, while perma-bulls are serious with their bullish outlook at any moment. Cheesy

Perma-bulls ARE (serious) trolls.

YES... Point admitted to.  In other words, you admit that you are delusional!!!!!!    Cheesy Cheesy Cheesy
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
perma-bulls... perma-bulls everywhere...

perma-bulls are always bullish, if your waiting for us to be bearish... you're gonna be waiting a long time...
hero member
Activity: 742
Merit: 500
perma-bulls... perma-bulls everywhere...
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
hero member
Activity: 700
Merit: 500

Also more: https://blockchain.info/charts/n-unique-addresses?showDataPoints=false&show_header=true&daysAverageString=7×pan=&scale=1&address=

I'm convinced that we are on the brink of an explosion... perhaps it will be delayed until after the ATHs on those charts are much higher... but once the rocket is fuelled it is going to be a huge...
hero member
Activity: 700
Merit: 500
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
This was not common knowledge yet? C'mon guys.. It's literally on their site
https://bitpay.com/bitcoin-exchange-rates
Quote
To calculate the exchange rate for US Dollars, we pull the market depth from exchanges with adequate liquidity and withdrawal capability in USA and the Eurozone. The exchange order books are merged into a Consolidated Level II table.
The BBB is calculated by simulating an auto-routing market sell order, across all exchanges, with zero commission fees.

That is how the compute the exchange rate to convert the price in dollars (from the merchant) to the price in bitcoin (that the client must pay).  It MAY be how they convert the bitcoins to dollars; but I suppose that the conversion is not immediate, and thus they may play the market a bit and/or sell off-exchange.



yes of course they have a monkey, and i'm sure tony has a pretty large stake in bitcoin himself...
hero member
Activity: 910
Merit: 1003
This was not common knowledge yet? C'mon guys.. It's literally on their site
https://bitpay.com/bitcoin-exchange-rates
Quote
To calculate the exchange rate for US Dollars, we pull the market depth from exchanges with adequate liquidity and withdrawal capability in USA and the Eurozone. The exchange order books are merged into a Consolidated Level II table.
The BBB is calculated by simulating an auto-routing market sell order, across all exchanges, with zero commission fees.

That is how the compute the exchange rate to convert the price in dollars (from the merchant) to the price in bitcoin (that the client must pay).  It MAY be how they convert the bitcoins to dollars; but I suppose that the conversion is not immediate, and thus they may play the market a bit and/or sell off-exchange.

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 518
Merit: 500
bitpay sells on exchanges, always have...

Really? This actually lends weight to the, "Adoption causes price to fall" argument.


Which exchange?

Stamp? Finex?

All of them?

They just market dump?

probably all of them.

they probably have a monkey

This was not common knowledge yet? C'mon guys.. It's literally on their site

https://bitpay.com/bitcoin-exchange-rates

Quote
To calculate the exchange rate for US Dollars, we pull the market depth from exchanges with adequate liquidity and withdrawal capability in USA and the Eurozone. The exchange order books are merged into a Consolidated Level II table.

The BBB is calculated by simulating an auto-routing market sell order, across all exchanges, with zero commission fees.

legendary
Activity: 1159
Merit: 1001
Bitlicense will continue to hover over BTC like a fake wall, well into November when Ben Lawsky makes his keynote.  

Afterward, Bitcoin companies will be forced not to conduct business with those in New York.  It'll be like that movie, escape from NY.

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
i think they do like 1million $ of volume a day. says coindesk a few months ago.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
every transaction paid with Bitcoin will be dumped on the nearest exchange immediately
I don't believe that BitPay gets all, or maybe even most, of their dollars from exchanges.

They probably have underwriters who want to accumulate bitcoins without going through the exchanges who buy them from BitPay.

They've had this kind of arrangement in the past - according to rumours some people became Bitcoin millionaires via this route - but I don't know if they still do it.

yeah, i suspect they broker deals off exchange. but it's also hard to say when off-exchange demand is drying up. maybe it is, maybe it isn't. at some point, bitpay may still have to dump on exchanges.
bitpay sells on exchanges, always have...
Which exchange?

Stamp? Finex?

All of them?

They just market dump?

probably all of them.

they probably have a monkey
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
every transaction paid with Bitcoin will be dumped on the nearest exchange immediately
I don't believe that BitPay gets all, or maybe even most, of their dollars from exchanges.

They probably have underwriters who want to accumulate bitcoins without going through the exchanges who buy them from BitPay.

They've had this kind of arrangement in the past - according to rumours some people became Bitcoin millionaires via this route - but I don't know if they still do it.

yeah, i suspect they broker deals off exchange. but it's also hard to say when off-exchange demand is drying up. maybe it is, maybe it isn't. at some point, bitpay may still have to dump on exchanges.
bitpay sells on exchanges, always have...

They could have some deal with the big buyers and earn some percentage also there, since they become *free*.
maybe...

what if that money runs out and all the shopping selling pressure hits the exchanges  Shocked Shocked Shocked
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