Bitcoin Thread

Status
Not open for further replies.
SaiyanZ said:
It's because on most exchanges you can only buy/sell ETH with BTC. So the price vs BTC stays relatively constant and it thus looks like the dollar ETH price is moving in line with BTC dollar price movements.
Click to expand...

This is wrong. ETH and other alt-coins tend to rise/fall against btc AND the dollar. They are highly correlated because money flows in/out of crypto as a whole, not from one coin to the other.
 
Knyro said:
This is wrong. ETH and other alt-coins tend to rise/fall against btc AND the dollar. They are highly correlated because money flows in/out of crypto as a whole, not from one coin to the other.
Click to expand...

But if it is being traded against mainly Btc on an exchange and the price is say 0.1btc = 1eth. If the btc price drops in dollars by half, the price is still 0.1btc =1eth. So the eth price also drops by half in dollars.
 
Bitcoin is a ponzi scheme. It's a bubble. It's an environmental disaster. Greed is why it's so popular. Not cos of its underling value which is fokol.
 
DarkMultiverse52 said:
Bitcoin is a ponzi scheme. It's a bubble. It's an environmental disaster. Greed is why it's so popular. Not cos of its underling value which is fokol.
Click to expand...

You forgot tulips... If you're going to bitch and whine about it, at least do it properly
 
SaiyanZ said:
But if it is being traded against mainly Btc on an exchange and the price is say 0.1btc = 1eth. If the btc price drops in dollars by half, the price is still 0.1btc =1eth. So the eth price also drops by half in dollars.
Click to expand...

Eth has been dropping against BTC as well. It won't stay 0.1BTC = 1ETH. It'll be more like 0.08 BTC = 1 ETH. It drops against BTC and USD.
 
the resistance levels going back up are disgustingly disguting:sick:

unless the big money that sold come back to buy in this will be really tough
 
*SynergyX* said:
need big buying to get past and stay above 7800 -- came off that level twice already.

3rd time lucky maybe...
Click to expand...

Your predictions are quite good dude. Where did you learn your stuff / what sort of charts do you look at and where? At the least, please post here more regularly :crylaugh:
 
Seems the Bubble is growing again this morning :crylaugh: That's the thing with the Bitcoin bubble, it grows massive, goes POP, goes down, then grow up to be even more massive than the previous bubble. Rinse and repeat :)

Maybe the detractors should just stick to traditional investing - like buying shares in Steinhoff - hahahaha!!!

Some nice price movement today so far. Let's hope it continues :)
 
Last edited:
L10Yn said:
Your predictions are quite good dude. Where did you learn your stuff / what sort of charts do you look at and where? At the least, please post here more regularly :crylaugh:
Click to expand...

mostly look at just the BTC/USD chart for the exchange where the most volume is being traded - as for where did i learn, lots and lots of reading i guess. also actively trading index futures for couple of years.

interesting point on btc at the moment - its been bitfinex (Not China) with the most volume traded for quite some time now- but yesterday it changed OKEX took over in volume traded (Hong Kong) and by quite some margin

so something is definitely brewing in the land of crypto loving china
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X