Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 24/11/2015, 07:42:27 UTC

Ever heard of fake volume? that's when some guy on an exchange bats his own 100 or so btc back and forth, over and over and over to himself. Very easy to do with no trading fees like Huobi, for instance. Gee, isn't that the exchange that drove that pump?
Little look at your post history looks like you are a bulltard that thinks we are going up up up. I think you are wrong, but you know what? toss a fucking coin because wtf knows.


For the most part, Stamp is the exchange leader when it comes to volume, so if you are getting your volume numbers from exchanges without fees, you are looking in the wrong place.

Accordingly, since huobi's volume is not reliably legit, I doubt that it is very accurate to assert that Huobi was leading "that pump."  correlation is not causation.

You are likely somewhat correct when you assert that none of us really know for sure about the short-term price direction of bitcoin, yet each of us can make certain preparations to buy if the price goes down and sell if the price goes up, to attempt to prepare for either direction and to continue to accumulate BTC, that is if you have any positive sense of the longer term future of bitcoin.

If you do not have any positive sense of the long term direction of bitcoin, then maybe it would be better to find another hobby that is a bit less frustrating - especially when it comes to some of the surprises and seemingly built in volatility at this relatively low market cap.