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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7667. (Read 26709642 times)

legendary
Activity: 2702
Merit: 2053
Free spirit
Last night I dreamt I wrote The Lord of the Rings books.

Girlfriend says I was Tolkien in my sleep.
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
legendary
Activity: 2702
Merit: 2053
Free spirit
Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21


BUT: When the bitcoin price doubles, and trading volume stays the same, the exchange trading fees selling pressure in bitcoin halves.

Second I think over time there will be pressure on trading fees collected by the exchanges, as mentioned in one of my previous posts. 0.5% and higher is insane and not sustainable in a competitive free market environment.

Use maker taker

If you are not the maker, you are doing it wrong

Does it just mean placing your sell above the price? or something more elaborate?

Thanks
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Quote
BitMEX Fees
Trading fees are 0.075% of the total order value for takers, but makers get paid 0.025% for making trades.
legendary
Activity: 2702
Merit: 2053
Free spirit
Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21

Or someone with 47,838 BTC


hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
Who would have thought r0achie to be a BTC whale.
Makes sense, he wanted cheap coins.
Now that there are no more cheap coins, gone. For now.

Btw Lambie was right. About the shorts. Wink

Gotta thank the J-team for bringing this up, and making the connection.
It also makes sense.
Only makes me wonder with which account(s) he is still lurking.

TLDR: Joe turned bullish, his bags are full.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
Use maker taker

If you are not the maker, you are doing it wrong


You need to be a day trader to take advantage of that. And even if you generate volume, it can’t be compared to nowadays stock market close to zero trading fees.

https://pro.coinbase.com/fees
Quote
Fee Structure 30-day volume
PRICING TIER

TAKER FEE
MAKER FEE
Up to $10k
0.50%
0.50%

$10k - $50k
0.35%
0.35%
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21


BUT: When the bitcoin price doubles, and trading volume stays the same, the exchange trading fees selling pressure in bitcoin halves.

Second I think over time there will be pressure on trading fees collected by the exchanges, as mentioned in one of my previous posts. 0.5% and higher is insane and not sustainable in a competitive free market environment.

Use maker taker

If you are not the maker, you are doing it wrong
legendary
Activity: 2702
Merit: 2053
Free spirit
https://twitter.com/DrEricDing/status/1258413222039891968?s=20

Quote
Good morning. Since we dislike Murder Hornets for mass killing bees, hope this is satisfying if you are out of coffee.





WTF BRO HE RIPTS HIS HEAD WHEN HE IS STILL ALIVE

Damn nature at is finest!

Sick flipping mantis eating brains. Here comes Hornetflu we are doomed
sr. member
Activity: 1190
Merit: 305
Pro financial, medical liberty

Quote
After the 2020 Halving, Bitcoin will have a lower inflation rate than gold.
https://twitter.com/danheld/status/1258743627280506885



Several wrongs.
Bitcoin does not inflate, fixed to 21M
Gold inflates by about 1.4% give or take depending on data used.
In 2 days time Bitcoin will have a new coin supply rate of about 1.6% on average for the next 4 years well below dollars average of 2.3% inflation
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21


BUT: When the bitcoin price doubles, and trading volume stays the same, the exchange trading fees selling pressure in bitcoin halves.

Second I think over time there will be pressure on trading fees collected by the exchanges, as mentioned in one of my previous posts. 0.5% and higher is insane and not sustainable in a competitive free market environment.
legendary
Activity: 2184
Merit: 1540

Quote
After the 2020 Halving, Bitcoin will have a lower inflation rate than gold.
https://twitter.com/danheld/status/1258743627280506885



Gold inflation line seems flat here..
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
Post this 2020 halvening miners will cease to be the biggest sellers of Bitcoin. It'll be the dawn of the crypto exchange as the leading seller.

The biggest sell pressure on Bitcoin will soon be from exchanges selling their BTC fees collected into fiat.

https://twitter.com/woonomic/status/1258966521071599616?s=21
hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
Joe007 ragequit Twitter about the same time as roach stopped posting here.

Joe007 quit twitter on the 7th of May, according to the article.
r0ach found love on the 14th of February, relayed, and is probably still here.
It's just another account bro.

JÆ and the sock puppets, are definitely still here. Grin

legendary
Activity: 938
Merit: 2540
<>

Quote
After the 2020 Halving, Bitcoin will have a lower inflation rate than gold.
https://twitter.com/danheld/status/1258743627280506885

legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
Investor Letter, Paul Tudor Jones, May 2020
https://www.scribd.com/document/460382154/May-2020-BVI-Letter-Macro-Outlook

Quote
We have set initial maximum exposure for purchasing Bitcoin futures to a low single digit % of Tudor BVI’s net assets.


https://twitter.com/krugermacro/status/1258780503416733696
Quote
Back of the envelope analysis of Tudor's bitcoin position.

. News of $2T US fiscal package: Mar/21 (Kudlow)
. Fed announces unlimited QE: Mar/23

=> Assume Tudor started buying a few days later: Mar/25

That's exactly when CME open interest started to spike.
legendary
Activity: 3878
Merit: 1193
legendary
Activity: 1834
Merit: 4197
re: wall report

It has come to the attention of the High Command that there could be some talk in the general rank and file about not fully disclosing the extent of the current war effort and more importantly not clearly stating objectives. After war gaming countless scenarios the High Command has concluded that victory is a near certainty and that it is just a matter of which time frame our efforts for phase 2 operations can conclude.

That having been decided..High Command has de-classified this battle plan to be disseminated to all wall personnel immediately. Do your part, follow color coding and practice safe social distancing during an emergency.

 That is all.

sr. member
Activity: 807
Merit: 423
We're currently  on our 8th green weekly candle. The last time was April-June 2019 and before that was September-November 2015, after we double bottomed off $200.
Bitcoincharts.com shows the April 6 weekly candle green on Kraken, but red by just a few dollars on Bitstamp.
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