Joined: 23.10.2020   
Mark Chen             
in Blockchain since 2017
  • Trader
  • Bitcoin Maximalist
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Mark has commented "Not a very.."

If you're looking for a job in blokchain and crypto, Anthony Pompliano is launching a website which will focus on hiring people of the industry

Hop on: https://pompcryptojobs.com/

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If you're looking for a job in blokchain and crypto, Anthony Pompliano is launching a website which will focus on hiring people of the industry

Hop on: https://pompcryptojobs.com/

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Mark has created this post
1 QCP

Wanna know more about each term user in Crypto/Blockchain?

CoinGesko got you covered
https://www.coingecko.com/en/glossary#utm_source=fb&utm_medium=link&utm_campaign=WOTD

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Mark has commented "Cardano is pumping.."

Why Doesn't ETH Pump?
4 years ago

1 QCP

The stage is set for ether to pump. Why doesn't it pump? BTC had rallies, altcoins had little rallies, but ETH — it is just traveling in a channel between $1100 and $1250.

We have news of exchanges run...ning low on ether, more traders wanting it, the Ethereum foundation teasing a deflationary system for it, and predictions from every shill about ETH going to $50,000 in the next 2 seconds. So why doesn't ETH moon even when everything else does?

Well, the fact is that trends are just that — trends. They lead to certain outcomes, but they do not create those outcomes until those outcomes are created. Make sense?

In order for ETH to moon, the order books have to thin out and people have to stop selling to an extent that buyers find a shortage. That hasn't happened yet. There is a trend towards it, but it hasn't happened.

The reason you see instant moons in alts right after a shill or some news is that the order books are so thin compared to ETH. The new volume overwhelms the flow that is already there and shifts it dramatically. You're talking a few million maybe as opposed to ETH, which does billions in exchanges every 24 hours.

The bottom line is that ETH can absorb much more news than altcoins or even BTC at this point. Institutions are pouring into BTC, so its order books respond more quickly to news than ether, which is only now at the very opening stages of institutional buying. If you want to know how much a bit of news will move a price point, take a look at the asset's ability to absorb news without affecting the order book. You will have a much better idea of whether that asset will pump or dump or not.
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Mark has given a stick to this post

Why Doesn't ETH Pump?
4 years ago

1 QCP

The stage is set for ether to pump. Why doesn't it pump? BTC had rallies, altcoins had little rallies, but ETH — it is just traveling in a channel between $1100 and $1250.

We have news of exchanges run...ning low on ether, more traders wanting it, the Ethereum foundation teasing a deflationary system for it, and predictions from every shill about ETH going to $50,000 in the next 2 seconds. So why doesn't ETH moon even when everything else does?

Well, the fact is that trends are just that — trends. They lead to certain outcomes, but they do not create those outcomes until those outcomes are created. Make sense?

In order for ETH to moon, the order books have to thin out and people have to stop selling to an extent that buyers find a shortage. That hasn't happened yet. There is a trend towards it, but it hasn't happened.

The reason you see instant moons in alts right after a shill or some news is that the order books are so thin compared to ETH. The new volume overwhelms the flow that is already there and shifts it dramatically. You're talking a few million maybe as opposed to ETH, which does billions in exchanges every 24 hours.

The bottom line is that ETH can absorb much more news than altcoins or even BTC at this point. Institutions are pouring into BTC, so its order books respond more quickly to news than ether, which is only now at the very opening stages of institutional buying. If you want to know how much a bit of news will move a price point, take a look at the asset's ability to absorb news without affecting the order book. You will have a much better idea of whether that asset will pump or dump or not.
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https://news.bitcoin.com/china-launches-digital-yuan-hard-wallet-card-pilot-program/

The People’s Bank of China (PBoC) have green lighted a physical card-wallet pilot to test its digital yuan. Coffee s...hop staff in a Shanghai-based university hospital was chosen as participants in the pilot. Wallet Card Can Pay or Accept e-CNY Without Wi-Fi or a Mobile Connection According to Tencent News, staff members at Shanghai JiaoShow more >

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Bitcoin bulls may be in for a ride on a rocket ship this year — as opposed to the speedboat they are currently chilling on — if a long speculated exchange-trade fund (ETF) for the largest crypto debuts.
r>https://finance.yahoo.com/news/bitcoin-prices-could-really-go-haywire-if-this-happens-in-2021-165624067.html?guccounter=1Show more >

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Mark has commented "Bitcoin is unstoppable.."

BTC broke the 30k mark. Sky is the limit guys.
Where do you see BTC by the end of 2021?

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Mark has commented "I think at.."

Bitcoin pumping again
4 years ago

1 QCP

Are you guys ready for another pump?

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One of the largest banks in China has launched the "first publicly listed debt security on a blockchain,” which can be bought for crypto.

-China Construction Bank has launched digital bonds that can be... bought for Bitcoin.
-The bonds have an annual yield of around 0.75%.
-The bank called them the "first publicly listed debt security on a blockchain.

https://decrypt.co/47880/major-chinese-bank-adds-digital-bonds-on-sale-for-bitcoin
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