Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27240. (Read 26707437 times)

legendary
Activity: 2604
Merit: 3056
Welt Am Draht
What is happening again? There were great news with start of this week why are we heading down? Or maybe these big corporations pushing the price down so they can buy in and let it skyrocked then?

I agree, I thought the Expedia news would have made at least a noticeable gain - maybe its still too early and people are still hearing the news?  Maybe this is the quiet before the storm brought on by the flood of wall street money that's supposed to enter the market?

The only news I can ever recall having an immediate effect on price was during the regulatory hearings at congress or wherever late last year. It went soaring in seconds as it became clear that it wasn't going to be a total hatefest.

As for all the other news out there, it slowly adds to the critical mass that may eventually wipe out the handful of people who probably control the prices on the exchanges.



full member
Activity: 196
Merit: 100
What is happening again? There were great news with start of this week why are we heading down? Or maybe these big corporations pushing the price down so they can buy in and let it skyrocked then?

I agree, I thought the Expedia news would have made at least a noticeable gain - maybe its still too early and people are still hearing the news?  Maybe this is the quiet before the storm brought on by the flood of wall street money that's supposed to enter the market?
legendary
Activity: 1870
Merit: 1023
Why is all this bitfinex swap stuff relevant?  I thought the whole theory behind the current rally was that it was neither bitstamp nor huobi that was leading the rally but that it was due to offline whales accumulate huge blocks and due to commercial usage, because there is clearly not enough volume on exchanges to be supporting the rally.

It probably isn't the major cause behind the rally. But it is a significant factor. $24 million in swaps is 37,000 bitcoins (or possibly more if the cost basis for the long positions is below the market price which it probably is).  And in the past, the number of USD swaps has grown faster than the Bitcoin price (eg. 2013) which means that it may continue to be a source of demand.

By contrast, the Bitcoin Investment Trust with their 105k bitcoins looks like they've really slowed down their purchases (of course that could change).

Offline whales might be accumulating large blocks, but we don't have data on that.  If we did - I'd be very happy to see it!
donator
Activity: 2772
Merit: 1019
Why is all this bitfinex swap stuff relevant?  I thought the whole theory behind the current rally was that it was neither bitstamp nor huobi that was leading the rally but that it was due to offline whales accumulate huge blocks and due to commercial usage, because there is clearly not enough volume on exchanges to be supporting the rally.

I don't understand that reasoning.

Offline trades don't move the markets we look at (at least not directly), so the rally can't be "due to offline whales".

And also: what do you mean by "not enough volume to support the rally"?

Thanks for anyones explanation.
sr. member
Activity: 434
Merit: 250
What is happening again? There were great news with start of this week why are we heading down? Or maybe these big corporations pushing the price down so they can buy in and let it skyrocked then?
legendary
Activity: 2324
Merit: 1125
this is me watching the price today



you clearly need to think about doing something else. Cause this looks painful!

It also looks like a one time thing though.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 742
Merit: 500
Today is the day the new weekly MACD candle will appear right?

What do you think will happen?
Will something happen? or still sideways?
hero member
Activity: 742
Merit: 500
Today is the day the new weekly MACD candle will appear right?

What do you think will happen?
Will something happen? or still sideways?
donator
Activity: 2772
Merit: 1019
this is me watching the price today



you clearly need to think about doing something else. Cause this looks painful!
legendary
Activity: 1960
Merit: 1022
What´s wrong with Bitstamp? 13 usd under Huobi at the level of Btc-E.
full member
Activity: 196
Merit: 100
this is me watching the price today

hero member
Activity: 798
Merit: 1000
Who's there?
Hey-ho! You can congratulate me! I'm a senior now! The months of spamming to this forum were not wasted: I am now among the  chosen few (2,182, to be precise  Grin)  who can change font sizes in their signatures! Look at mine! Gone are the times when Rampion was telling me off for noobish habit of raising topics that were discussed eons ago. But I swear the privilege won't spoil me, I'm as democratic and approachable as I was at good old Jr times  Grin
hero member
Activity: 728
Merit: 540
My Pink Panther joke was deleted.

Apologies to any who were offended.

I posted

C C M F

a few days ago & it got deleted. I also apologize to those who were offended

I just got a message deleted too... this is my 15 milliseconds of fame  <3
hero member
Activity: 518
Merit: 500
My Pink Panther joke was deleted.

Apologies to any who were offended.

I posted

C C M F

a few days ago & it got deleted. I also apologize to those who were offended

I do not think it has anything to do with offense. I think its mainly off topic (believe it or not, my many jpegs get deleted for same reason. I sawwy  Sad )
hero member
Activity: 728
Merit: 500
Why is all this bitfinex swap stuff relevant?  I thought the whole theory behind the current rally was that it was neither bitstamp nor huobi that was leading the rally but that it was due to offline whales accumulate huge blocks and due to commercial usage, because there is clearly not enough volume on exchanges to be supporting the rally.
legendary
Activity: 2338
Merit: 2106
My Pink Panther joke was deleted.

Apologies to any who were offended.

I posted

C C M F

a few days ago & it got deleted. I also apologize to those who were offended
donator
Activity: 2772
Merit: 1019
Bitfinex USD swaps at 23.5 million and there is actually another 370k available at or below the flash return rate (0.194%).

It looks like available swap grows rapidly - so long as the interest rate is above 0.15%/day, people transfer lots of money to the site.  This is very bullish.  I could see the available swap growing 5-20%/week if high interest rates are maintained.

How is this bullish? At least in the long run, the respective longs have to be closed, resulting in a sell.
full member
Activity: 140
Merit: 100
Huobi is maintaining prices about $12-$13 higher than Stamp...that doesn't happen all that often...
quite surprising..! if you look bitstamp and btc-e are on the same level and they always maintain a good difference of 10$-20$ at least.
legendary
Activity: 1638
Merit: 1001
My Pink Panther joke was deleted.

Apologies to any who were offended.
Jump to: