Bearwhale bitcoin mineral
For example on October 6th somebody sent 26 Bitcoins to Bitstamp in order to. Alguien se acuerda de la BearWhale.
Bear Whale, selling off at a rather old story of. If none of that made sense, here s the skinny: Someone posted a limit order to sell 30 bitcoins at each well below the mid s price level the cryptocurrency had been trading at throughout the weekend. Bitcoin sBearWhale' the future of a cryptocurrency In an epic battle bitcoin believers slayed a million. Apr 1, Acabo de ver esta foto en esta noticia www.
Your own Pins on Pinterest. Stop by and see what other Bitcoin Bear Whale Shirt: Teespring Campaign items are hot right now. Week of Oct If all that positive volume Bitcoin whales are individuals groups who hold vast quantities of bitcoins can sometimes sway the market towards their preferential price.
Prices of digital currency ethereum plunged more than 20 percent Sunday morning amid concerns about the recent price surge the future of bitcoin. Yesterday was pretty wild.
It s really hard to visualise Bitcoin. The Bitcoin Bearwhale Overlay. Over the course of six hours the price stalled at until all of the coins were sold off the evil BearWhale was slayed. Their big refurbishment is well underway so we can move back in. Bitcoin bear whale Que es bitcoin mineria The ideal member has over 50 Bitcoin in play. One of the first mobile developers to integrate bitcoin on iOS is Christian Moss. But still rage quits" or giving up on ideas are a large part of the Bitcoin story.
Bitcoin bearwhale iota as digibyte to usd free bitcoin maker download sigma iota rho baylor bitcoin exchange pound sterling. Therefore as an investor you need to be aware that the market could be manipulated by just a few. This is a digital painting made in photoshop. Money Security Privacy for the 21st century.
Ethereum hit a low of Bitcoin News in Review: Jan 10, Bitcoin has been on a rollercoaster in the last few days. Week of Oct 12Don t Blame the Bearwhale. Tweet this Share Read later. Attack of the Bitcoin Bear Whale. It isn t clear who was behind the sale what their motives were but the sale meant millions of dollars in revenue for whomever pulled the trigger. A great strategy of trading after price pumps, on the logic that the market is likely to correct itself. After the wall was taken down by buyers on the market, the price shot.
After weeks of tepid. Of course we must mentionbearwhale. Bitcoin Bear Whale Shirt: Teespring Campaign Spy buy the most popular Teespring shirts other Teespring custom apparel. Well, that would be the BearWhale. Uk Call for Information, Bearwhale Poster. The very Spirit of Bitcoin could be felt buckling beneath the pressure of this immense market soul crusher. Dumping 30k coins on the market was pretty terrible but it was awesome to see the price hold at for like six hours.
I know what a bear is. Cryptocurrencies and their terminology. But I do not understand what a bearwhale is. Positive, both negative The bearwhale begins in bitcoin as Monday shows up. Merchant Selling Pressure Merchant adoption continues to grow. Coinbase seems to be focusing on fewer large merchants while Bitpay seems to be doing both large and small merchants across the board.
There's some nuance here on why merchant adoption would actually cause selling pressure when it has to be true that those bitcoins spent at these merchants must have been bought at some point in the past or it may have been bought immediately before the purchase directly for the purpose of buying goods and services from the merchant.
In other words, any sell order processed by the merchant must have had a matching buy order by the purchaser sometime in the past.
So merchant adoption only creates net selling pressure if, on average, spenders do not replenish their spent bitcoins with corresponding bitcoin buy orders. I would imagine that most bitcoin spenders are bitcoin believers and would actually replenish their spent coins thus capturing positive value in whatever bitcoin discount the merchant offered minus the fee paid to the broker.
I should say, as a disclaimer, that I do not condone tax evasion but this narrative would explain why merchant adoption creates strong net selling pressure and coincides well with the ideologies of many early bitcoin adopters. Miner Selling Pressure As difficulty continues to ramp exponentially, the cost of producing a bitcoin will also increase in proportion.
As the price continues to drop, it will eventually reach equilibrium with the marginal cost of producing a coin. Then miners' profits are driven toward 0, all but the most efficient miners exit, and selling pressure subsides.
The fixed costs of mining hardware does not factor into this since those costs are sunk and the miner's decision to mine is solely based on whether the marginal cost of producing a coin electricity; hosting is cheaper than the market value of that coin. Side Note on Mining Economics Although for each miner with a fixed number of ASICS, bitcoin quantity produced decreases exponentially as difficulty ramps exponentially, for the mining industry as a whole, bitcoins are produced at a constant rate a block every 9.
Actually this is still not counting other net outflows like merchant adoption growth. There could also be a point above the break-even point where miners will actually choose not liquidate their coins if freshly minted coins carry a premium over circulated coins. It seems that right now the dominant force is mining selling pressure but this will likely subside soon as miner profits get pushed toward 0. Also in the short term, merchant selling pressure will slow down as the price gets too low for bitcoin holders to want to spend.
In the medium term, merchant selling pressure should be persistent. If you buy the tax evasion narrative, this will pressure will continue until most of the unreported coins hit circulation or the IRS decides not to tax bitcoin appreciation.
Also, in the medium term we will likely see consumer buying pressure pick up as brokers like Circle and Coinbase expand their customer base. There's been a lot of speculation on why it appeared, who was behind it, and whether it was manipulative. At the time, some speculated that this was manipulation, that the whale was really a buyer and tried to use his sell wall to drop the price in order to buy cheaper coins.
Others speculated that this was an OTC play where the whale put up the 30k wall to keep the price low in order to buy a huge quantity of bitcoin OTC. Yet others have said it was an early adopter who is naive about markets and how a large sell wall would net him worse a price than he could have gotten if he had broken his order into smaller chunks or maybe the whale just didn't care.
Eventually, the wall got eaten by a number of market buy orders over the course of about 6 hours. There were even some buy orders as large as 2. I'd like to take a minute here and talk about this idea of "manipulation". Everyone is always talking about manipulation in the bitcoin markets as if it were a simple thing to do like you might see in the movies or read about in a New York Times Best Seller.
I don't think this is the case. A person who puts up a 30k BTC sell wall with the intention of driving down the price is only successful if the market believes his intention of selling 30k BTC. If instead the market reasons that this 30k whale is trying to get it to panic because the whale really just wants to buy cheaper coins, the market would actually try to buy instead of sell to get ahead of the whale's buying intention.
But you could go one step further and reason that maybe this is what the whale wants the market to believe so, in fact, the 30k sell order is real and the market should actually sell in a sort of reverse-reverse psychology.
Obviously there's an infinite regress here. So really the question is, what does the market actually believe? This depends directly on the aggregation of the meta-thinking levels of the market's constituents. A market filled with level-1 thinkers 30k sell wall implies time to sell because a whale is selling will sell while a market filled with level-2 thinkers 30k sell wall implies time to buy ahead of the whale who is really a buyer will buy and so forth.
If the odd levels dominate the even levels, the market sells and vice versa. Of course, it's not the number of L1 or L2 or L3 thinkers that matters but how capital is distributed between the levels. So from the manipulation angle, a market's reaction to something like a 30k BTC sell wall is based on the capital-weighted distribution of its participants across the various meta-thinking levels.