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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28125. (Read 26720633 times)

sr. member
Activity: 476
Merit: 250
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.

Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?

You have to take into account the new BTCs which are being created everyday. A good chunk of the mined ones are sold.

not helping your argument when the price is going up....

It is?

well Im just looking with my humble eyes, but if you want confirmation, look at the 3d macd. lotsa people think thats looking good right now.

You spoke in present tense. I don't see the price going up presently.
legendary
Activity: 924
Merit: 1001
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.

Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?

You have to take into account the new BTCs which are being created everyday. A good chunk of the mined ones are sold.

not helping your argument when the price is going up....

It is?

well Im just looking with my humble eyes, but if you want confirmation, look at the 3d macd. lotsa people think thats looking good right now.
sr. member
Activity: 476
Merit: 250
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.

Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?

You have to take into account the new BTCs which are being created everyday. A good chunk of the mined ones are sold.

not helping your argument when the price is going up....

It is?
legendary
Activity: 924
Merit: 1001
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.

Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?

You have to take into account the new BTCs which are being created everyday. A good chunk of the mined ones are sold.

not helping your argument when the price is going up....
legendary
Activity: 980
Merit: 1000
Need a campaign manager? PM me
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.

Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?

You have to take into account the new BTCs which are being created everyday. A good chunk of the mined ones are sold.
legendary
Activity: 980
Merit: 1000
Need a campaign manager? PM me
Its now starting to get boring. I need big swings and lots of gifs to pass my time.
legendary
Activity: 924
Merit: 1001
I think bitcoin is safe. the largest holder has proven to behave very responsibly with his stash, and so have many others. The incentive he has written into the protocol works outside of the protocol as well. nobody wants to fuck it up now.

..... as for the coins not hoarded...... who cares.
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.

Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
I think your 1 million people wallets figure is irrelevant in that we still have this figure in which 90% of bitcoins are held by 500 or so people.

Litecoin is your answer
hero member
Activity: 728
Merit: 500
I think Bitcoin will be safe again when:
1. The average holder is not sitting on a massive profit.
2. The average holder's net worth is less than 25% Bitcoin.

'average holder' is weighted by amount of bitcoins held.
donator
Activity: 1722
Merit: 1036
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.

Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
I think your 1 million people wallets figure is irrelevant in that we still have this figure in which 90% of bitcoins are held by 500 or so people.

Absolutely.  It's hardly decentralised and is ripe for manipulation at any point by large holders.

And not to mention that Rpietila is in the famous 500 supernodes!  Cheesy

But actually the way to think is: we know Bitcoin market cap for certain. What we don't know is the number of owners. If there is 500,000 owners, then they own twice as much by dollar value. Which means that it can go up even more because there is more people left!

ADD: Coinbase alone has more than a million customers, or do you think everybody registers with multiple accounts?  Huh
And USA is about 40% of Bitcoin activity...
legendary
Activity: 1428
Merit: 1000
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.

Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
I think your 1 million people wallets figure is irrelevant in that we still have this figure in which 90% of bitcoins are held by 500 or so people.

Absolutely.  It's hardly decentralised and is ripe for manipulation at any point by large holders.

And not to mention that Rpietila is in the famous 500 supernodes!  Cheesy
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 875
Merit: 1362
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.

Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
I think your 1 million people wallets figure is irrelevant in that we still have this figure in which 90% of bitcoins are held by 500 or so people.

Absolutely.  It's hardly decentralised and is ripe for manipulation at any point by large holders.
sr. member
Activity: 270
Merit: 250
It is dumping time !!

as always,

dump (your) women and children first .
hero member
Activity: 728
Merit: 500
How many of the recently announced bank account closures have actually been removed from the exchanges' deposit options?
hero member
Activity: 518
Merit: 500
ugh these bear jokers fizzle up so quick at the 3100 floor. wedge in place, no market drive, trend probably to resume (up) when chinese go to sleep and bitcoin is still not banned  Cool

I will come to China and ban Bitcoin there
legendary
Activity: 924
Merit: 1001
ugh these bear jokers fizzle up so quick at the 3100 floor. wedge in place, no market drive, trend probably to resume (up) when chinese go to sleep and bitcoin is still not banned  Cool

hero member
Activity: 518
Merit: 500
I think your 1 million people wallets figure is irrelevant in that we still have this figure in which 90% of bitcoins are held by 500 or so people.

+1
hero member
Activity: 728
Merit: 500
I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.

Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?
I think your 1 million people wallets figure is irrelevant in that we still have this figure in which 90% of bitcoins are held by 500 or so people.
hero member
Activity: 518
Merit: 500

Haha  Grin You never thought that they might know better..

I just know what they want  Wink
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