hisslyness
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February 05, 2025, 11:39:39 AM |
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Market makers use paper hands and leveraging apes to suck money out of the spot market, then they buy at cheaper prices via OTC or from miners.
Practically buying cheaper corn using the money of the weak.
Indeed. Don't think of online exchanges as price discovery. They are the realm of people who don't know anyone. Sorry, I have no clue what two of you are talking about. I simply send "stuff' to exchanges when i want to sell OR send $$ when i want to buy. Some exchanges HAVE an OTC desk, btw. Plus...some exchanges are pretty liquid, so your bid or ask have a tendency to fill pretty quickly. You're missing the point. The point is that big players don't use online exchanges to accumulate large quantities of Bitcoin. They play the exchanges to manipulate the prices and then use those prices to accumulate elsewhere. Yes, I know some exchanges have an OTC "desk". One exchange I use has an OTC transaction minimum of $20k. All trades are done voice-to-voice over the phone on a first name basis. The only thing online is a confirmation/receipt email. I'm not a big player, just a relatively small fish. I don't know..Saylor seems to be buying the "top" all the time. Nobody seems to "create" any discounts for his outlandishly large buys. The thing that Saylor understands, that few others do, is that "there is no top." It kinds reminds me of the time when Homer negotiated paying to do the superbowl half time show. "S16E8: Homer and Ned's Hail Mary Pass" https://comb.io/R9P076OTC: That will be $200M dollars Saylor: (CHUCKLES) Suckers i would have paid $205M... OTC: Ok, pay $205M Saylor: Damn it. Ok here's $205M... OTC: Thank you Saylor: (CHUCKLES) Suckers, i would have paid $210M... OTC: Fine Pay Us $210M... All jokes aside, he is in another league... They do things differently and see things differently... We 99% rely on bitcoin to help generate our wealth, Saylor and the 1% is relying on Bitcoin to protect their wealth... Same Game, 2 Different Goals! So yeah, when we are talking about price discovery, buying at the top, BTFD, that's generally relates to the 99% of us and background noise to the 1%... |
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ChartBuddy
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February 05, 2025, 12:01:17 PM |
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ChartBuddy
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February 05, 2025, 01:01:18 PM |
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WatChe
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February 05, 2025, 01:03:27 PM |
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Even people who do not drink can have there memory erased due to different reasons. Choice is yours  bitcoin wont go below 90k. 90k will be bottom for every dip. That is what she said. I am not saying that you are wrong, but bottoms are never 100% certain. Anyone around in 2018 likely recalls that the $6k bottom was tested around 6 times before it finally broke, and then when it broke we had nearly an immediate dip down to right around $3,124, which ended up being the bottom for that cycle.. but surely we can have difficult times knowing when the bottom is in, whether referring to an actual cycle or merely referring to a local bottom or the seeming bottom of a range. I am not saying that you are wrong, except maybe the extent of your presumptuousness is a wee bit much (have you been following the style of philipma1957 too much in recent times?... hahahahahahaha)... Of course with Bitcoin we are never sure what bottom is, we can only make predictions which may or may not be true. Going back in time, in Dec 2017 when Bitcoin was at ATH of 19k there were predictions that next year we will see Bitcoin at 100k but Bitcoin was at $3,124 in Dec 2018. I already said that in Jan/Feb 2023 when price of Bitcoin crossed 20k, someone here wrote that it's the last time Bitcoin was below 20k and until now we never saw Bitcoin going below back to 20k. 90k is the bottom and that's my prediction. Now it may or may not be true  philpima1957 has it's own versatility style which is difficult to follow or copy  |
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Lucius
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🛡️Morior Invictus⚔️
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February 05, 2025, 01:23:40 PM |
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BULLISH 🚀 Blackrock didn't just bought $ETH worth $276.16 million,he also bought $249 million worth of $BTC combine, all in one day. This guy is super bullish about the market. Never sell your Bitcoin,Buy and Hodl Do you know how much 1 BTC is? For that $249 million they bought about 2500 BTC, that is, they bought them for their clients, not for themselves. In addition, on the best days, over 10 000 BTC were bought by spot ETFs, so this is not a big deal. |
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hypebrother
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Activity: 239
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Gimme a fucking cigarette?
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February 05, 2025, 01:31:44 PM |
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BULLISH 🚀 Blackrock didn't just bought $ETH worth $276.16 million,he also bought $249 million worth of $BTC combine, all in one day. This guy is super bullish about the market. Never sell your Bitcoin,Buy and Hodl Do you know how much 1 BTC is? For that $249 million they bought about 2500 BTC, that is, they bought them for their clients, not for themselves. In addition, on the best days, over 10 000 BTC were bought by spot ETFs, so this is not a big deal. why hodl? |
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ChartBuddy
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February 05, 2025, 02:01:15 PM |
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ChartBuddy
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February 05, 2025, 03:01:19 PM |
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d_eddie
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February 05, 2025, 03:14:18 PM |
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"I understand the concerns about Coinbase's inventory
...
Is this copy-pasted without attribution? Is that why you posted it twice? You're not ignored by me yet. Let's keep it that way. |
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hisslyness
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Activity: 873
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"I understand the concerns about Coinbase's inventory
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Is this copy-pasted without attribution? Is that why you posted it twice? You're not ignored by me yet. Let's keep it that way. One was from ChatGPT the other from DeepSeek…  |
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El duderino_
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“They have no clue”
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February 05, 2025, 03:44:07 PM Merited by LFC_Bitcoin (5) |
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6 digits please
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vapourminer
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what is this "brake pedal" you speak of?
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February 05, 2025, 03:47:01 PM Merited by OutOfMemory (1) |
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Cossyblack
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February 05, 2025, 03:56:18 PM Merited by LFC_Bitcoin (2) |
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BULLISH 🚀 Blackrock didn't just bought $ETH worth $276.16 million,he also bought $249 million worth of $BTC combine, all in one day. This guy is super bullish about the market. Never sell your Bitcoin,Buy and Hodl Do you know how much 1 BTC is? For that $249 million they bought about 2500 BTC, that is, they bought them for their clients, not for themselves. In addition, on the best days, over 10 000 BTC were bought by spot ETFs, so this is not a big deal. why hodl? A Bitcoin whale bought $500 worth of Bitcoin in 2014 and Hodl for 10years That's a whole lot of Money. Since Bitcoin is not a quick-rich scheme,Long term holding is the vision  https://x.com/pete_rizzo_/status/1887097589109047663?t=65FPGt67AaOmi-CEGKeJeA&s=19 |
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ChartBuddy
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February 05, 2025, 04:01:16 PM |
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ChartBuddy
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February 05, 2025, 05:01:16 PM |
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Lucius
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🛡️Morior Invictus⚔️
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February 05, 2025, 05:03:24 PM |
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Maybe you should read it several times before you write something - because it's not about someone buying $500 worth of BTC, but about someone buying 28 000 BTC at $500. I'll just say that he had bad timing, because if he had bought during 2015, he could have gotten twice as much BTC for the same amount.  |
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ChartBuddy
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February 05, 2025, 06:01:18 PM |
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