Quote from: rolling on March 19, 2020, 12:34:34 AM

Quote from: Biodom on March 18, 2020, 11:38:31 PM

Quote from: rolling on March 18, 2020, 11:34:28 PM

Quote from: Gyrsur on March 18, 2020, 08:07:58 PM

Quote from: Biodom on March 18, 2020, 07:31:55 PM

Anybody has an explanation of btc flatlining?
It's weird, but i take it in lieu of declining.

just a guess but it came in my mind today:

cash is king in these times and therefore a lot of speculation on the price of BTC is missing. what we see at the moment is maybe nearly the real value of BTC without the whole amount of speculation which is responsible for all the noise in other times. look how stable BTC can be without speculation. impressive!

No way this is even close to the real value of btc!

The price is stable because we have market makers involved in the system. They make their money by keeping the price stable. We had a massive dump the other day and then the market makers stepped in and are keeping the price stable at it's current level. If we have a massive pump, the market makers will stabilize the price at whatever it ends up at.

The price only moves up or down when the action is too much for the market makers to control.

That's a really strange explanation.
If market makers were buying (from sellers) on the way down, THEN they have to entice a pump (during which they can sell the inventory and stay neutral), otherwise they would be loaded with btc that they (market makers) don't need on a permanent basis.

They don't buy on the way down or the way up when there is a big move. They get out when there is too much price movement. They are mostly present when the action dies down. Look up market making bot.

I'm sure the pros at the big firms have more complex strategies than you can get with a crypto bot but it's the same concept.

I'm struggling to understand where I did say that the market makers are the speculators? Huh

market makers are healthy for price finding in markets because they provide liquidity.

participants which drives the market in one or the other direction are in my eyes speculators not market makers. Roll Eyes

EDIT: ok, maybe the word "noise" was misleading in that context because the meaning of noise in markets is often associated with the acting of market makers.