Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
DaRude
on 20/03/2016, 22:15:18 UTC
The halving is priced in or we will see a huge pump? How many percent are your bets?

My bet is nothing much happens. There's a whole lot of noise taking up attention elsewhere.

I'll be VERY surprised if we'll have this stable market all the way up to the halving in supply. I mean how accurate do you think they price these things in?


Who is they?

 You are talking about the overall BTC market price? 

BTC's Market price is determined by a large number of diverse people and entities with diverse agendas, and likely a lot of them consider what others are doing in order to decide their own behaviors (whether buying, selling or holding), and at the same time, some individuals/entities follow formulas based on their own perspectives and risk tolerances in order to front-run what they believe others are likely to do. 

I will concede that some "they s" are more powerful and influential than other "they s" in moving BTC's market prices, but even so, those they s likely do not determine with any kind of precision BTC's price movements.


They = market makers. Whoever that might be.