Bitcoin Thread

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The_Hobbit said:
Dash did OK today.
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It's down 14% today.
Or by OK do you mean at least it's not down 24%?

Edit: NVM. Didn't see the lead up to that price. Yeah, held it's position nicely.
 
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Question for the more seasoned BTC traders out there:
Any thoughts / solid research on what affects the correlation (or lack thereof at times) between USDBTC and ZARBTC?

Usually the patterns between the two are pretty similar, but sometimes they diverge e.g. ZARBTC's all time high is still the one set on 9 Feb while USDBTC hit a new all time high yesterday, 14 Feb

Anecdotally I've noticed USDBTC shows a lot of movement over weekends and "after hours" in ZA terms, which ZARBTC apparently does not. That's a guess/assumption though, just interesting that ZARBTC traders didn't see anywhere near the kind of rally UDSBTC traders saw yesterday.
 
duderoo said:
Ok round numbers perhaps, but could shoot past that with all shorting at it
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Most shorts have been squeezed out on the way up, like the Gamestop thing, and are on a low. It's the longs that are in for a ride at some point.
 
NarrowBandFtw said:
Question for the more seasoned BTC traders out there:
Any thoughts / solid research on what affects the correlation (or lack thereof at times) between USDBTC and ZARBTC?

Usually the patterns between the two are pretty similar, but sometimes they diverge e.g. ZARBTC's all time high is still the one set on 9 Feb while USDBTC hit a new all time high yesterday, 14 Feb

Anecdotally I've noticed USDBTC shows a lot of movement over weekends and "after hours" in ZA terms, which ZARBTC apparently does not. That's a guess/assumption though, just interesting that ZARBTC traders didn't see anywhere near the kind of rally UDSBTC traders saw yesterday.
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We don't have the trading numbers so our prices can lag behind the straight conversion for several hours to days if there's a big move. The USD traders are also behind 6-12 hours so when they're awake we sleep and vice versa.
 
Also a question for more experienced BTC traders here. Aren't the volumes comparatively pretty stable compared with the price moves?
 
Wary GOM said:
Also a question for more experienced BTC traders here. Aren't the volumes comparatively pretty stable compared with the price moves?
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Go to a charting site like tradingview and enable the volume indicator...you can see how volume and price correlate. Or just do it in the exchange where you're trading.
 
saor said:
Go to a charting site like tradingview and enable the volume indicator...you can see how volume and price correlate. Or just do it in the exchange where you're trading.
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Yup; not my being able to look at it, but more what other folks think about the way the relationship is behaving at the moment.
 
I guess now it's officially made the $50k move. Wonder if the shorts are gonna start piling in here.
 
/r/mildlyinteresting how those patterns are kinda similar.

eh.png
 
With all the crazy price gains in bitcoin and alts the last few weeks/months I wonder where we're at...if this is close to the top or whether there's still more to come.
 
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