Bitcoins - digital currency - Page 1160 - Business, Finances and Investing Forum

Tooth , Do you agree with the fact there only $10 billion fiat in crypto? Wouldn't this mean there lots of room for price to move way higher. Wouldn't it make sense for crypto rich and powerful to manipulate prices higher just to offload more ****coins on noobs and for exchanges to keep making bank? I think gonna be insane crash at some point but don't think we gone high enough yet.

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04-10-2018 , 09:24 AM

#28978

Nonfiction

Carpal \'Tunnel

Join Date: Aug 2006 Posts: 12,498

I'm not sure who is leveling anymore

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04-10-2018 , 09:30 AM

#28979

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

Quote:

Originally Posted by a_r_K

Tooth , Do you agree with the fact there only $10 billion fiat in crypto?

If it's a fact I wouldn't have to agree with it. Do I agree with the speculation that there's only $10 billion? I don't know. Hard to say without exchange data. You could probably reasonably understand and predict the market with exchange data.

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04-10-2018 , 10:04 AM

#28980

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,124

Quote:

Originally Posted by Mat Cauthon

Why would that be the sign of a bottom? Sounds more like a downward trend to me.

Was thinking that in a Falling wedge sort of thing, to be more specific. Tighter and tighter range with lower high and lower low. https://en.wikipedia.org/wiki/Wedge_pattern

But I'm not a technical trader obviously. Was just looking at the chart thinking it's starting to get pretty range bound. Seems like something's gotta give.

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04-10-2018 , 01:01 PM

#28981

diskoteque

Joey Local

Join Date: Aug 2010 Posts: 30,420

I think you’re right Rafiki but I’m not an expert

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04-10-2018 , 08:21 PM

#28982

sl8a

Pooh-Bah

Join Date: Feb 2007 Posts: 4,316

Coinbase are making me fill out an Enhanced Due Dilligence form or they will suspend my account. I use GDAX to sell the bitcoin I cash out from some poker sites (via Blockchain). Anyone know what the best answers are to what I use coinbase for and where I got the money from?

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04-10-2018 , 11:11 PM

#28983

MerginHosOn24s

adept

Join Date: Dec 2011 Posts: 1,083

IMO its not a ponzi unless there is a bunch of collusion among the big BTC actors and given the inherent nature of bitcoin, I find that unlikely.

still it does enter into scam territory once the average, stupid person began investing with absolutely zero knowledge of BTC or the underlying mechanisms driving its value....but unless there's a specific entity, whom specifically attempts to deceive new investors(and is making a buck off them in the process)...i'm not sure you can label it a scheme.

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04-10-2018 , 11:53 PM

#28984

NewOldGuy

Pooh-Bah

Join Date: Mar 2009 Posts: 5,935

Quote:

Originally Posted by sl8a

Why would you even consider not telling the truth here??

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04-11-2018 , 01:04 AM

#28985

eddymitchel

Carpal \'Tunnel

Join Date: Oct 2007 Posts: 6,761

Cause poker is a reason for them to ban him

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04-11-2018 , 01:15 AM

#28986

BrianTheMick2

Long way to go and a short time to get there.

Join Date: May 2012 Posts: 19,410

Quote:

Originally Posted by rafiki

Man what happened right at that drop today? That's the kind of gap you see during a macro announcement for stocks. What I MISS?

Someone sold a whole bitcoin and the market makers are not providing sufficient liquidity for such a huge sale

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04-11-2018 , 06:34 AM

#28987

6ix

Pooh-Bah

Join Date: Aug 2017 Posts: 4,783

de captain and/or Tooth,

Pitch me an investment; any investment.

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04-11-2018 , 07:17 AM

#28988

sl8a

Pooh-Bah

Join Date: Feb 2007 Posts: 4,316

Quote:

Originally Posted by NewOldGuy

Why would you even consider not telling the truth here??

Coinbase don't allow transactions related to gambling.

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04-11-2018 , 09:03 AM

#28989

applesauce123

adept

Join Date: Jun 2016 Posts: 851

Quote:

Originally Posted by sl8a

Your Grandma sent it to you for your birthday

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04-12-2018 , 09:01 AM

#28990

ASAP17

Pooh-Bah

Join Date: May 2008 Posts: 5,882

Anyone have the catalyst/news story on this morning's spike? Really tight consolidation with not a lot of volume the last couple of weeks then boom.

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04-12-2018 , 09:27 AM

#28991

RollTheDyche

enthusiast

Join Date: Dec 2017 Posts: 87

Quote:

Originally Posted by ASAP17

Anyone have the catalyst/news story on this morning's spike? Really tight consolidation with not a lot of volume the last couple of weeks then boom.

Quote:

Originally Posted by daonna

I just converted everything to cash and sitting on the sidelines watching what happens with today's spike (bar my lightened bags of ICON (gotta keep an interest in something)).
After watching the market the last few months it just feels like this is a setup for another (bigger) dip. I just can't help thinking there are forces playing games, and to be honest after wasting some time watching YouTube videos lately I find myself hoping that some of these smartarse crypto millionaire kids get a real shafting. Not a very charitable attitude but
some of these instant millionaires are acting like they're the smartest, hardest working and most deserving people and it feels off.
I'll be looking to buy back in to BTC (@< $6k), XMR (< $150) and whatever else, and if I'm wrong and I miss the boat, and I probably am, it won't be the first time in this crazy space.

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04-12-2018 , 10:11 AM

#28992

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Quote:

Originally Posted by ASAP17

Anyone have the catalyst/news story on this morning's spike? Really tight consolidation with not a lot of volume the last couple of weeks then boom.

Came here wondering the same thing. Time to go to reddit I guess. %10 banger in like 30 mins is crazy given the last 3 weeks flat line.

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04-12-2018 , 10:19 AM

#28993

Nonfiction

Carpal \'Tunnel

Join Date: Aug 2006 Posts: 12,498

These never get old

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04-12-2018 , 10:37 AM

#28994

tgiggity

Pooh-Bah

Join Date: Oct 2016 Posts: 5,782

Quote:

Originally Posted by Go Get It

Came here wondering the same thing. Time to go to reddit I guess. %10 banger in like 30 mins is crazy given the last 3 weeks flat line.

It's just cause I sold a btc last night. I could've waited until morning. Oh well, I didn't want that $800 anyway...

edit: got a pretty big cashout in btc 2 hours before the spike though, so I guess I pushed

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04-12-2018 , 10:39 AM

#28995

augie_

missed out on bitcoin

Join Date: Dec 2003 Posts: 21,627

BTC is back baby, next stop 20k

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04-12-2018 , 11:27 AM

#28996

NewOldGuy

Pooh-Bah

Join Date: Mar 2009 Posts: 5,935

Somebody with deep pockets went shopping. I'm guessing institutional.

Edit: and the boost got additional fuel when all the shorts were triggered:
https://www.ccn.com/cryptocurrency-m...idates-shorts/

Last edited by NewOldGuy; 04-12-2018 at 11:36 AM.

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04-12-2018 , 11:48 AM

#28997

WichitaDM

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 14,761

Quote:

Originally Posted by NewOldGuy

Yup.

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04-12-2018 , 12:04 PM

#28998

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

Market was massively short

Eg a lot of people on bitmex perpetuals were short from 6600-6800 right at bottom. We know this because they paid interest to be short

Last night there was 40k btc short on finex. The bottom shorters we’re paying 0.3% daily on their btc loan.

Some ppl got squeezed out this morning. I don’t think the market structure has changed much. But it’s clear looking at volume b4 squeeze people were scared to get Long. And after this morning they are still scared. So that’s probably a good thing medium term if you are bullish

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04-12-2018 , 12:28 PM

#28999

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,124

Chart to me looks like it's more of a liquidity thing just from looking at it, but is it really that illiquid? Weird to see a big straight line up followed by a flat line. I'd say actually I've never seen that on a daily.