Just lost another 15% in a couple of minutes, lol.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3738. (Read 26735422 times)
May 09, 2022, 07:19:28 PM
Who on earth has any idea how an algorithmic stable coin might/can work. This one is apparently not working anymore yet still dumping the treasury on the market.
Just lost another 15% in a couple of minutes, lol.
Just lost another 15% in a couple of minutes, lol.
May 09, 2022, 07:16:20 PM
Terra USD "Stablecoin" is exploding and is selling 3 billion $ of BTC on the market to "defend" the peg
https://coinmarketcap.com/currencies/terrausd/
https://coinmarketcap.com/currencies/terrausd/
so lemme get this straight. They make a "stablecoin" pegged 1:1 USD:token. Then they "raise" money, or sell it and use those funds to "back it". They make money from all investment income from that like tether investing in commercial paper in china and stuff. adds up quickly when you have billions outstanding.
but in this case instead of USD they bought BTC, but still pegged 1:1 USD:token. right ?
but this makes no logical sense at all.
May 09, 2022, 07:10:31 PM
Terra USD "Stablecoin" is exploding and is selling 3 billion $ of BTC on the market to "defend" the peg
https://coinmarketcap.com/currencies/terrausd/
https://coinmarketcap.com/currencies/terrausd/
May 09, 2022, 07:08:36 PM
The Tether printing machine buy orders go down to $28,600...This will be the local bottom. Until we see new bids placed below this.
My posts in this thread are for data compilation, I see patterns and understand this market is much more than speculative.
The Bitfinex orderbook history data is not available unless you purchase it from them. I have some screenshots of the books prior to them getting filled. Check my post history in this regards.
The premise I stated about scaffold bids was just an interpretation of the results. The buy walls promote selling liquidity, similar to the opposite in regards to sell orders. Bitfinex has been known to allow wash trading, even though they explicitly say that this is not allowed. Cryptsy used this tactic a lot.
Long term still bullish. Short-term not sure....
May 09, 2022, 07:08:08 PM
ahhhhh yeah lmao
Once you see it you cant unsee it....
Lmao, my brain obviously stuck in the gutter , even after you said it , it took me a bit lol
'xplains the ratio too lmao
less porn for you empowering
May 09, 2022, 07:04:59 PM
May 09, 2022, 06:52:24 PM
May 09, 2022, 06:52:03 PM
Today is highest volume on Bitstamp this year.
May 09, 2022, 06:51:41 PM
I hope btc can hold, but something "funny" is going on with Terra/Luna and UST (stable $1 coin which is down to 86c now).
I think that this system (which bought quite a bit of btc) is "blowing up".
Have to mention this because their buying of 1.5 bil btc was considered "good news" and now it (their algorithmic system) seems to be at least under severe stress (if not outright broken).
IMHO, underlying all this is a "power move" of usdt/usdc companies against the algorithmic ones (like Luna).
We shall see how it shakes out.
I think that this system (which bought quite a bit of btc) is "blowing up".
Have to mention this because their buying of 1.5 bil btc was considered "good news" and now it (their algorithmic system) seems to be at least under severe stress (if not outright broken).
IMHO, underlying all this is a "power move" of usdt/usdc companies against the algorithmic ones (like Luna).
We shall see how it shakes out.
May 09, 2022, 06:50:35 PM
May 09, 2022, 06:49:54 PM
People new to the Bitcoin market often wonder during bear times, "Who's doing all the fkn selling?!?!?"
The secret: It's literally a small group of colluding whales, that control all the float rn. Most likely exchange whales.
That's it, that's the secret.
And right now, they are determined to push the price sub $30K. Because they believe that price level is a psyche threshold that paper-handed n00bs care about.
It's all about inducing panic.
The secret: It's literally a small group of colluding whales, that control all the float rn. Most likely exchange whales.
That's it, that's the secret.
And right now, they are determined to push the price sub $30K. Because they believe that price level is a psyche threshold that paper-handed n00bs care about.
It's all about inducing panic.
seen that movie before
May 09, 2022, 06:46:09 PM
$30,1xx
Asia is awake, the next round of dumping looks ready to commence
Can $30,000 hold?
Asia is awake, the next round of dumping looks ready to commence
Can $30,000 hold?
May 09, 2022, 06:44:19 PM
Lol
Yeah, pretty much me RN. Kinda wanna take a nap for a month or so. Barn should hopefully be up by then... Zzz...
Who even sells in this market? Good grief...
The same people that were buying in March-April of 2021
May 09, 2022, 06:43:39 PM
People new to the Bitcoin market often wonder during bear times, "Who's doing all the fkn selling?!?!?"
The secret: It's literally a small group of colluding whales, that control all the float rn. Most likely exchange whales.
That's it, that's the secret.
And right now, they are determined to push the price sub $30K. Because they believe that price level is a psyche threshold that paper-handed n00bs care about.
It's all about inducing panic.
The secret: It's literally a small group of colluding whales, that control all the float rn. Most likely exchange whales.
That's it, that's the secret.
And right now, they are determined to push the price sub $30K. Because they believe that price level is a psyche threshold that paper-handed n00bs care about.
It's all about inducing panic.
May 09, 2022, 06:36:31 PM
Lol
Yeah, pretty much me RN. Kinda wanna take a nap for a month or so. Barn should hopefully be up by then... Zzz...
Who even sells in this market? Good grief...
May 09, 2022, 06:32:29 PM
Lol
May 09, 2022, 06:24:56 PM
Almost parity
Sad Trombone
Sad Trombone
This is only temporary. It won't be long before the lender of last resort has to start their brrrrr again. I mean that is their job. After they crash everything that is.
Looks like we reached parity on 9/5/22 @ 18:33 UTC
According to Bitstamp the range was $30839-$30658 during the 18:33:01UTC-18:33:59UTC timestamp
The
May 09, 2022, 06:06:28 PM
Which makes the question...False bottom?
lol, that was well played.
Making me laugh, that my mind went to, why is there a foot and a cup growing outta that girls ass, before, oh wow , yeah, thats that dudes leg.....lmao.
re, fake bottom, at the moment we have not even put in a confirmed bottom, continuation is not off the cards..... as mentioned previously. Though did think 31.k ish could be a potential bouncy area. Breaking 28.8K will shit everyone up.
ps (macro bounce here not "off the cards" either, jus chewing the cud)
May 09, 2022, 06:01:20 PM
May 09, 2022, 05:55:12 PM
Which makes the question...False bottom?
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