I saw this exact youtube video earlier this morning and started thinking the same thing. I was also wondering why it hasn't been as volatil as normal lately but this really makes a lot of sense. After this long as winter I would love to see cryptos go green for a change of pace, if I had any extra money id buy more now too ;)
Yes if you keep a close enough eye on what's going on it almost feels like more and more pieces of the puzzle are fitting together. Crypto is just so fascinating like that..!
But that video gave me a serious case of the fomo!
This is the best article I read lately my dear.
Indeed what you explain here is very important and it makes sense that they use that OTC trading in order to do not impact the price.
If these indications are fine we may see very soon the biggest bubble ever.
Thanks for sharing!
Yes and it was a disaster!! Regulations got really tight apparently. There's limits everywhere on how much I can buy, and lengthy KYC and account verification stuff, that all wasn't there last year when I last bought.
Now I didn't manage to buy more than β¬100 and have to wait for tier 2 verification blahblah...! All in all I spent a damn long time on it too.
No wonder BTC isn't going up when they make it this hard to buy!
No, I don't use Kraken. I usually (=not very often at all) buy from a local 'buy btc here' website. The costs are neglible anyway and depositing by bank to an exchange takes too long for my tastes
well, i think the whales are storing more btc as the price keeps in a low range of fluctuation. Good opportunity for institutional investors and retail investors. No need to spend too much time on some unknown altcoins, just stay focus on BTC and ETH. Very soon the market will tell whose decision is correct.
Yes, but these are not the same whales as we're used to! There are not a lot of bitcoin whales who are able to buy with these kind of millions. 133K BTC is almost as much as the winklevoss brothers ' total holdings (reportedly 150K btc). So I doubt it's existing bitcoin whales, unless these bitcoin whales somehow managed to make a lot of extra money that they didn't spend before.
Great stuff, I am very curious when the first institutional investor comes out and actually confirms to have bought a significant amount of BTC. As long as they are trying to accumulate, they probably won't.
I notice that nowadays most of the volume on exchanges are caused by bots and big deals are done OTC, in underground channels with a trusted admin functioning as escrow. What do you see and think of this?
Hey, you're still here! Thought maybe you had left, good to see you around still!
I think you're right on the majority of big deals happening OTC. But it's only a matter of time before the OTC market dries up and the effects trickle down to the exchanges. At some point there will be OTC buy orders, but in order to fill it people will buy on exchanges I believe.
Also, on a sidenote.. remember that job thingy we talked about before? After some time and negotiations, we finally came to an agreement and I started writing for them two weeks ago! :)
But shhh, don't want to really publicize it on here, anonimity and immutability of the blockchain and all.. ;)
I sure do plan on holding for the long haul! I'm okay with huge drops.. been there before many times! When it comes to crypto, I aim for the moon... or not at all!
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Interesting. Most definitely expected, and I'm willing to bet that the odd clever banker or two got in a year or two back already. It's going to make the market increasingly interesting as these whales start competing against another. I wonder if this may make those giant buy and sell walls of manipulation better or worse.
I don't consider the flat BTC price to be surprising, market sentiment has been very poor until now. Any price rise was soon sold by those desperately seeking to make some sort of return during the first half of 2018. Similarly, the last two months or so have remained flat, but I think that the signs of an emerging bull market become clearer by the day. To a contrarian, the signs have been around for over half a year already, but it always takes the mass market a long time to catch up, especially after a scare like they got in February. I expect more institutional wallets to be created soon and I expect that the price of BTC (and the alts) will indeed start to climb as those wallets get filled.
Hey, have u heard anything about trezor harware wallet supporting the bch fork? Sorry to bother u I just know u stay up to date wirh a lot of crypto info and I didn't know who else to ask and i can't find anything about it online.. π€
I saw this exact youtube video earlier this morning and started thinking the same thing. I was also wondering why it hasn't been as volatil as normal lately but this really makes a lot of sense. After this long as winter I would love to see cryptos go green for a change of pace, if I had any extra money id buy more now too ;)
Yes if you keep a close enough eye on what's going on it almost feels like more and more pieces of the puzzle are fitting together. Crypto is just so fascinating like that..!
But that video gave me a serious case of the fomo!
This is the best article I read lately my dear.
Indeed what you explain here is very important and it makes sense that they use that OTC trading in order to do not impact the price.
If these indications are fine we may see very soon the biggest bubble ever.
Thanks for sharing!
Thanks!!
And I sure hope we will see the biggest bubble ever...! I'm ready! :)
Did you go for "shopping" already?
Yes and it was a disaster!! Regulations got really tight apparently. There's limits everywhere on how much I can buy, and lengthy KYC and account verification stuff, that all wasn't there last year when I last bought.
Now I didn't manage to buy more than β¬100 and have to wait for tier 2 verification blahblah...! All in all I spent a damn long time on it too.
No wonder BTC isn't going up when they make it this hard to buy!
Hahaha! The typical kraken stuff...
Ok, take it easy. Once you get the tier2 everything will flow.
Cheers
Posted using Partiko iOS
No, I don't use Kraken. I usually (=not very often at all) buy from a local 'buy btc here' website. The costs are neglible anyway and depositing by bank to an exchange takes too long for my tastes
well, i think the whales are storing more btc as the price keeps in a low range of fluctuation. Good opportunity for institutional investors and retail investors. No need to spend too much time on some unknown altcoins, just stay focus on BTC and ETH. Very soon the market will tell whose decision is correct.
Yes, but these are not the same whales as we're used to! There are not a lot of bitcoin whales who are able to buy with these kind of millions. 133K BTC is almost as much as the winklevoss brothers ' total holdings (reportedly 150K btc). So I doubt it's existing bitcoin whales, unless these bitcoin whales somehow managed to make a lot of extra money that they didn't spend before.
Great stuff, I am very curious when the first institutional investor comes out and actually confirms to have bought a significant amount of BTC. As long as they are trying to accumulate, they probably won't.
I notice that nowadays most of the volume on exchanges are caused by bots and big deals are done OTC, in underground channels with a trusted admin functioning as escrow. What do you see and think of this?
Hey, you're still here! Thought maybe you had left, good to see you around still!
I think you're right on the majority of big deals happening OTC. But it's only a matter of time before the OTC market dries up and the effects trickle down to the exchanges. At some point there will be OTC buy orders, but in order to fill it people will buy on exchanges I believe.
Also, on a sidenote.. remember that job thingy we talked about before? After some time and negotiations, we finally came to an agreement and I started writing for them two weeks ago! :)
But shhh, don't want to really publicize it on here, anonimity and immutability of the blockchain and all.. ;)
Great post. I completely agree this is not a bad time to slowly DCA into a position...if planning to hold for the long haul.
I sure do plan on holding for the long haul! I'm okay with huge drops.. been there before many times! When it comes to crypto, I aim for the moon... or not at all!
I like your attitude @pandorasbox. Regardless of the short term, I believe we'll be at ATH's no later than this time next year.
Amen to that!
Awesome news. I think 2019 will be a very interesting year for cryptos.
Posted using Partiko Android
I agree!
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by pandorasbox from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Interesting. Most definitely expected, and I'm willing to bet that the odd clever banker or two got in a year or two back already. It's going to make the market increasingly interesting as these whales start competing against another. I wonder if this may make those giant buy and sell walls of manipulation better or worse.
I don't consider the flat BTC price to be surprising, market sentiment has been very poor until now. Any price rise was soon sold by those desperately seeking to make some sort of return during the first half of 2018. Similarly, the last two months or so have remained flat, but I think that the signs of an emerging bull market become clearer by the day. To a contrarian, the signs have been around for over half a year already, but it always takes the mass market a long time to catch up, especially after a scare like they got in February. I expect more institutional wallets to be created soon and I expect that the price of BTC (and the alts) will indeed start to climb as those wallets get filled.
Hey, have u heard anything about trezor harware wallet supporting the bch fork? Sorry to bother u I just know u stay up to date wirh a lot of crypto info and I didn't know who else to ask and i can't find anything about it online.. π€