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Bitcoin (BTC) is up by +22% in a single day, valued at over $14,600

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Re: Bitcoin (BTC) is up by +22% in a single day, valued at over $14,600

#6

Seems like a significant portion of the capital is coming from Asia, mainly South Korea, with just Bithumb BTC/KRW trades making almost 11% of today's volume. https://coinmarketcap.com/currencies/bitcoin/#markets

Probably from China going through Korea. And most volume in last weeks is coming from Korea.

Re: Bitcoin (BTC) is up by +22% in a single day, valued at over $14,600

#7

looks $ flowing out of alts and into bitcoin, which is somewhat surprising given the concerns over high transaction fees

Might be an indicator of the old FOMO maneuvers. Whether the underlying realities are solid (fast, cheap transactions) or not is less relevant if people were, say, profit taking on their alts and pouring it into BTC since they feel BTC is rallying more/consistently with the spotlight on it.

Interesting observation, in any case.

Re: Bitcoin (BTC) is up by +22% in a single day, valued at over $14,600

#8

This is becoming a joke. Meanwhile, transactions times in both BTC and ETH are getting ridiculously slow.

As someone that has been in since 2013, I don't even recognize the current scene. The only reason the vast majority of people are getting into it is to get rich. It seems totally unsustainable, but the only incentives for people on the inside are to loudly convince others to join them.

Re: Bitcoin (BTC) is up by +22% in a single day, valued at over $14,600

#10
post #5

This is becoming a joke. Meanwhile, transactions times in both BTC and ETH are getting ridiculously slow.

I just bought some and I will sell when it reaches 5x if it ever does.

If you're buying in order to speculate, why not sell gradually into the gains? Your strategy seems like it is taking what is already a high-risk, and artificially making the risk higher than needed...

Also, the time to buy is almost never after/during a large boom, heh.

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