Ninjastic
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Post
Topic
Board Speculation
Re: Predicting Flash crashes (solution found?)
by
Mikcik
on 25/10/2014, 21:53:09 UTC
Quote from: zoinky on October 25, 2014, 09:14:02 PM
Quote from: Mikcik on October 25, 2014, 08:13:46 PM
Quote from: cbeast on October 25, 2014, 04:33:19 PM
Bitcoin price has nothing to do with the blockchain. All market trading is done with imaginary tallies in a trading program. No bitcoins are actually traded from markets. They are only deposited and withdrawn depending on how well you play their trading computer game.

Useless post, talking about absolutelly other topic...

If you have a lot of BTC you can move the market
If you have a lot of BTC you wont keep them on Bitstamp wallets, you will move them to your own personal wallets/adressses whatever
If you want to sell a lot of BTC via "normal markets" you have to move them to their wallets (Bitstamps e.g.)
All moves are publicly visible on blockchain
People know, or are pretty sure which wallets belong to the biggest exchanges

What is that you do not understand in this simple case sherlock... :-( ?

Could someone verify what i said?

You are assuming a market maker isn't already established on the exchange and has to move coins.  Thats an assumption. Blockchain transactions could be anything, you are just wildly speculating that its moving to an exchange with the intent to sell.

Sure its possible, and I've seen people speculate on transactions before dips in the past, especially on this chart https://blockchain.info/charts/bitcoin-days-destroyed, but there is no direct correlation.

I do not understand, my assumptions:

If you have a lot of coin (big investors), you are not stupid and you do not keep it on exchange accounts, but your own. Thus when you want to sell some of these (for whatever reason), you have to move them to the exchange (to exchange wallets), all transactions are visible on blockchains. People do with high accuracy know what adresses (wallets) belong to the exchanges. Im not sure on the last one, but i think it is true, big exchanges have only few adresses/wallets (they do not create a special wallet for each customer), and these are known, or am i mistaken?

So is it this was or not, im not sure if i do express my questions so stupidly (english is not my native language), or are the people here stupid :-)?