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Fundamental drivers of the cryptocurrency market

  • Post #101
  • Quote
  • Edited at 5:09am Nov 7, 2019 2:23am | Edited at 5:09am
Quoting yg10
{quote} {quote} So questions were: 1. Why do think that word "driver" has positive connotations. 2. How that may be a factor for currency that does not exist yet? 3. Why you can not correctly read 3 character word/ I think that those questions should clearr for anybody but Mrs. Stuart our micro genius (or rather nano genius).
The answers were clearrr above... but you need to pay attention and read carefully, Yogi.
1. In this context "driver" obviously is referred to as incentive, stimulus, stimulant, impetus, spur, drive. Please don't tell me you need explanations why those are only positive in connotation;
2. I have used the word prospective renminbi. The idea was very simple but you stups get confused in words, governments will never undermine their own power by supporting private blocks;
3. Why can't you understand a four character word?

Ok, you won, I'm the idiot, because I bother to play with you, trolls!
Member
Quoting TudorIoan
{quote} Answer what, moron? Oh, you flatter yourself, wanker?!? You're just another pathetic hater, Yogi. All twisted fallacies, boring, buzz off! edit: Hey, Yogi! Don't check 'vocabulary', I'll help you, buzz means fuck, alright? Byeeeee
Quoting TudorIoan
{quote}Ok, you won, I'm the idiot, because I bother to play with you, trolls!

Tudor, your the biggest troll on this forum and I'm saying that respectfully. You should keep your trolling to the thread you created "Honorable Bitcoin."
Money isn't real
  • Post #103
  • Quote
  • Edited at 4:13am Nov 7, 2019 3:48am | Edited at 4:13am
Quoting TMR
{quote} {quote} Tudor, your the biggest troll on this forum and I'm saying that respectfully.
My posts makes sense, buddy! But I'm proud you call me that!
Member
With the bitcoin block reward halving less than six months away, I thought some might find this to be useful.

https://www.binance.vision/halving

https://medium.com/swlh/bitcoin-halv...w-4573dc5b528e
Money isn't real
Bitcoin’s Quarterly Returns Over the Last 6 Years
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Money isn't real
Bakkt Bitcoin Monthly Futures have set an all time high trade volume 12/18/2019

Traded contracts: 6601 ($47.30 million, +74%)

Open interest: $3.98 million (-39%)
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Money isn't real
  • Post #107
  • Quote
  • Edited at 6:09am Dec 19, 2019 4:53am | Edited at 6:09am
And here's a piece of honest information which shows what was the fundamental driver of the cryptocurrency market for the last spike:

On Binance, the largest BTC market, 1,000 bitcoins changed hands in two minutes, with prices falling $61.60 to $6,509.91.
It slipped below $6,500 on other exchanges.

Yet a minute later, 897 were traded on the exchange and prices seemed to stabilize at around $6,537.
The lull was short-lived; another selloff with 986 bitcoins finding their way to new accounts.

Buy orders flooded markets and bitcoin gained $74 in two minutes, closing at $6,596
The candlesticks that trudged through the mud minutes before suddenly had a quicker step.
Short after that bitcoin was trading hands at $6,900 apiece.

Woah, fascinating cryptocurrency!
Member
There is a macro environment that is developing, which, if it plays out, could propel BTC to new all time highs.

There has been a recent rally in BTC (and other Alt Coins), potentially showing Bitcoin to be a risk off preference for investors, at a time when world trade is negative.

Now we have the Coronavirus. It’s not the virus but the reaction by governments that could fuel the big moves. Think about it, if supply chains are severely disrupted by regional & international travel bans/restrictions, the knock on effect is heightened fear levels & global demand shocks.
We’ve already seen big moves down in the commodity currencies with Oli bang on trend for pricing in demand threats.

The virus has spread, the reaction by governments will too. This could be the start of severe global trade restrictions, right off the back of trade wars.
I don't think it’s doom & gloom to expect governments to over-react to this threat.
(Only time will tell if this is the right reaction)

LONG BTC.

& I’ll bank profits the moment an antidote/cure is found (excluding fake news).

Just my humble opinion.
Black Swan Event?
<p>
Quoting TMR
Tudor, your the biggest troll on this forum and I'm saying that respectfully. You should keep your trolling to the thread you created <a href="https://www.cryptocraft.co....blaaaaa noopener">;Honorable Bitcoin.</a>
That he is!!! 👍👍👍

You should give credit to the Sheeple when credit is due 😂😂😱

I like your macro long view and tables TMR 👍👍🍻

Bitcoin is 10k today, not bad...start... 👍🍻😱
Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
  • Post #110
  • Quote
  • Edited at 6:08am Feb 9, 2020 5:53am | Edited at 6:08am
Haters will hate reason
Crypto sick wannabes feel small and hurt by the smart people
Look, they lose their minds for 10K ...teeny imbeciles
Member
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for those on denial .. lol
Quoting Tragruel
for those on denial .. lol


Not bad 10-11% in two days.

Happy 13k.



The dirty gold dropped what 1%.
Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
Fundamental driver
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Beware of robber banks (RB), bad advisors.
Der Trader All Time Pips: 52,970
Like clockwork.
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Money isn't real
https://www.microstrategy.com/conten...es-in-2020.pdf

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Money isn't real
  • Post #117
  • Quote
  • Edited at 4:54pm Feb 10, 2021 4:08pm | Edited at 4:54pm
$100K in play for 2021.

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Money isn't real
We all saw what happened to the market when El Salvador's plans for Bitcoin came into effect. Panama announced they have similar plans to legalize crypto, I expect once those come to fruition we will see another shake up.
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