Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6488.

soullyG

hero member

Activity: 1011

Merit: 721

Decentralize everything

Found this great Twitter thread that covers how this cycle appears to be accelerating faster than previous ones, through the lens of market cap, realised value, volatility, uxto + address counts etc:

Quote

This cycle so far compared to 2017:
- Market Cap is growing faster
- Sell side liquidity is drying up faster and more aggressively
- Active addresses are growing slower, less retail participation in rally
- Volatility the same, but coming more from upside

https://twitter.com/typerbole/status/1345435497988952067

On-exchange supply drying up quickly:

Febo

legendary

Activity: 2744

Merit: 1288

I know I am late and maybe someone already posted it, but was busy times lately. No matter how it just look like. Crazy quarter with 171% growth of Bitcoin price. But, that is only 7th best Bitcoin quarter in the history

xhomerx10

legendary

Activity: 3808

Merit: 7912

Dear Mr. El duderino_,

I realize you had a recent boating accident but I'm sure you were trying to rebuild your BTC stash with your wage-slaving job. Given the recent moon launch, surely you can quit now?

philipma1957

legendary

Activity: 4382

Merit: 9330

'The right to privacy matters'

Quote from: UnDerDoG81 on January 02, 2021, 06:53:47 PM

Yeah today serious amounts of Bitcoins got sold. I bet those guys/girls crying right now. Plan did not work out to crash the price down to like 25k. Unfortunately. Would be the perfect chance to buy some more. Missed the train since like 25k lol...

Which is why I sold my doge 150000 coins gone. at about 1 cent or 1500 usd.

1/2 to fiat and 1/2 to btc

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

... seems like material info
https://www.coindesk.com/bitcoin-worth-1b-leaves-coinbase-as-institutions-fomo-buy-analyst

Quote

Institution-focused Coinbase Pro exchange registered an outflow of over 35,000 bitcoin (BTC, +9.44%) worth more than $1 billion early Saturday, according to data source CryptoQuant.
The large outflow comes a day after 12,063 coins left the exchange and represents institutional FOMO (Fear Of Missing Out) buying, according to Ki Young Ju, CEO of the Korea-based blockchain analytics firm CryptoQuant.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: UnDerDoG81 on January 02, 2021, 06:07:58 PM

If I would sell my btc to fiat I would immediately invest in something else. Dont ask me what, I never researched that because not planning to sell. But never would hold fiat in big amounts.

... just ask to pay for it in btc when the time to acquire new assets comes around, totally eliminate gubmint fiat from the equation is how we get to the future.

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: El duderino_ on January 02, 2021, 06:44:46 PM

Quote from: eddie13 on January 02, 2021, 06:33:55 PM

Europeans scare easily? Weak hands?

I’m El DUde think again

UnDerDoG81

legendary

Activity: 2186

Merit: 1213

Yeah today serious amounts of Bitcoins got sold. I bet those guys/girls crying right now. Plan did not work out to crash the price down to like 25k. Unfortunately. Would be the perfect chance to buy some more. Missed the train since like 25k lol...

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

Quote from: eddie13 on January 02, 2021, 06:33:55 PM

Europeans scare easily? Weak hands?

This was a single sale -20% at the time when the price on other exchanges was -3%. The liquidity on kraken can't handle well big sells, this is well known. Besides, kraken trading freezes often during intense pumps. In such occasions it is possible some sell for example to go wrong ignoring the bids and chosing some bid -20%. It happened to me once in 2017, and to many others both on kraken and coinbase during these freezings.

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

Quote from: eddie13 on January 02, 2021, 06:33:55 PM

Europeans scare easily? Weak hands?

I’m EU think again

eddie13

legendary

Activity: 2296

Merit: 2271

BTC or BUST

Europeans scare easily? Weak hands?

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: ivomm on January 02, 2021, 06:25:30 PM

This is what happened on kraken BTC/EUR earlier today. It was either a n00b fat finger, or kraken's server malfunctioning (again). This is a trading feat which is the typical n00b bible in 3 steps:
1. Sell 20% lower than the other exchanges.
2. Rebuy 20% higher.
3. For better results do it regularly on kraken.

Leverage and insufficient liquidity?

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: heslo on January 02, 2021, 06:18:10 PM

So serious question guys. Like clockwork with BTC going up again the no coiners or shitcoiners immediately cry that it's inflated by Tether, they're being investigated by the NYAG, blah blah blah.

What I can't work out, IF Tether is a dodgy entity and they are being investigated... WHY IN THE FUCK would you continue just printing Tethers with no abandon? None of those crying from the rooftops can answer that question so to me, it seems clear that Tether is for the most part, legitimate.

Am I wrong here? Am I missing something?

Way too much money there for it to be uncorrupted, but they proceed as if there is no issue. Just confident in their game, I guess.

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

This is what happened on kraken BTC/EUR earlier today. It was either a n00b fat finger, or kraken's server malfunctioning (again). This is a trading feat which is the typical n00b bible in 3 steps:
1. Sell 20% lower than the other exchanges.
2. Rebuy 20% higher.
3. For better results do it regularly on kraken.

serveria.com

legendary

Activity: 2492

Merit: 1230

Privacy Servers. Since 2009.

Quote from: heslo on January 02, 2021, 06:18:10 PM

So serious question guys. Like clockwork with BTC going up again the no coiners or shitcoiners immediately cry that it's inflated by Tether, they're being investigated by the NYAG, blah blah blah.

What I can't work out, IF Tether is a dodgy entity and they are being investigated... WHY IN THE FUCK would you continue just printing Tethers with no abandon? None of those crying from the rooftops can answer that question so to me, it seems clear that Tether is for the most part, legitimate.

Am I wrong here? Am I missing something?

Just another pathetic FUD attempt. Tether=scam for some bitcoiners. Every mention causes butthurt to some peeps (not me). Grin

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

Quote from: serveria.com on January 02, 2021, 06:01:37 PM

.....
Funny but it's the second time today I hear about coinbase possibly getting hacked... do they have poor security record? How many times have they been hacked? Shocked

0

heslo

legendary

Activity: 1235

Merit: 1202

So serious question guys. Like clockwork with BTC going up again the no coiners or shitcoiners immediately cry that it's inflated by Tether, they're being investigated by the NYAG, blah blah blah.

What I can't work out, IF Tether is a dodgy entity and they are being investigated... WHY IN THE FUCK would you continue just printing Tethers with no abandon? None of those crying from the rooftops can answer that question so to me, it seems clear that Tether is for the most part, legitimate.

Am I wrong here? Am I missing something?

explorer

legendary

Activity: 2016

Merit: 1259

What's next? Proceed parabolic on the log chart, or stick to the 3 month channel? Either way is choo choo.

UnDerDoG81

legendary

Activity: 2186

Merit: 1213

Quote from: marcus_of_augustus on January 02, 2021, 05:40:00 PM

ok that was quite a convincing dump ... right on adam's schedule at ~32K

think we can confidently call that adamstgBit's dump ... who knows why anyone would go buy some fiat right at the beginning of potential hyperbitcoinisation, but there it is.

think we can expect other part-timers to hop off around $40k, $50k etc ... Winklevoss twins talked about 40k 5-6 years ago, I would bet they buy back some fiat around then too.

most people aren't really into bitcoin for the bitcoins, they really want more fiat from riding the bitcoin escalator ... only at the end of a hyperbitcoinisation phase will that mentality truly change ... they'll be wheeling US dollars around in a barrow ... think about that for a minute.

... also you may want to try and wrap your head around a world where bitcoin is the global reserve money and $200 trillion in fiat-driven debt has evaporated in a singular monetary event ... I'm not saying that will happen but it is difficult to predict what happens with the current established power structures in that scenario, e.g. money == power

If I would sell my btc to fiat I would immediately invest in something else. Dont ask me what, I never researched that because not planning to sell. But never would hold fiat in big amounts.

serveria.com

legendary

Activity: 2492

Merit: 1230

Privacy Servers. Since 2009.

Quote from: El duderino_ on January 02, 2021, 05:54:51 PM

Haha hilarious! +1 WO merit. Grin

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