Watch the OTC market
.gif)
So this is pretty interesting: https://twitter.com/Disruptepreneur/status/980940740564942848
People always watch the exchanges for crypto price action, but there’s a whole other scene going on: OTC. Over-the-counter trading means off-exchange, privately-arranged trades. It’s what the big guys use to buy and sell BTC, because exchanges generally don’t have the orderbook depth to support the size of orders they want to place without moving the market – maybe a lot. By some accounts, OTC trading accounts for higher volumes than on-exchange trading.
And it seems from this tweet and its replies that OTC trading is really hotting up. By nature it’s shadowy, since these are private deals and don’t figure into exchanges’ volumes. But billion-dollar orders of BTC? That’s worth paying attention to.
What that says is that big players consider this a good price point to take a position in bitcoin. You’re looking at orders of well over 100,000 BTC here, so this is pretty incredible stuff. The demand is certainly there for bitcoin, so if you were wondering: crypto is definitely not dead.
Red hot news, scorching wit and searing opinion pieces from Crypto Inferno.
Join us on
Telegram: https://t.me/crypto_inferno
Reddit: https://www.reddit.com/r/CryptoInferno/
Twitter: https://twitter.com/CryptoInferno_
Facebook: https://www.facebook.com/CryptoInferno/
ok and how do we watch for this OTC markets?
OTC sellers has channels on social medias like telegram twitter etc. You have to find them, but trusting them is also an issue.
business applications within needed industries that would benefit from using blockchain technology
Huge opportunity for everyone here. This is basically the patient stealing from the impatient here. Patience grasshoppers.
START EARNING.
http://teensmakecash.com/?ref=akankah
Refer friends and complete easy task to earn daily. All you need is social media. We guarantee you make $500 today!
STEP 1. SIGN UPCreate a Teen Cash account by signing up. All you need is a valid email address and a social media to promote on!
STEP 2. PROMOTEOnce you’ve signed up, you will be given your special Teen Cash link. Promote your link on social media and to your friends and you will make $10 for every person who signs up with it.
STEP 3. GET PAIDCashout your earnings and get paid instantly to PayPal. We pay everyday and have paid out over $18,000,000 to our members.
It is difficult to find out how much volume is traded on OTC daily.
so much you pumped a very small post
Start you learn then you earn. A post like this can bring knowledge everyday like a compounding interest
In the first place, it don't matter actually , if you're a long term investor it's always a good news to you, and if you're a short term investor it's a bad news for you.
I agree with you....long term...all day! I buy and HODL! I'm truly hoping for some nice gains in volume and value in the summer months and into the fall! Keep up the good work here. -Respect
That tweet really went viral didn't it lol
What OTC exchanges is he talking about....would have helped if he included that in the tweet instead of just a pump statement
He's talking private sales. Like when I approach you at the water cooler and ask you if you want to buy/sell some bitcoin. OTC is not an 'exchange' like a formalized trading location/platform, they're more of a service.
Pretty inaccurate. https://www.investopedia.com/terms/o/otc.asp ... Forex, CFDs etc are all OTC. Bitfinex has an OTC offering for larger clients. Forex is a trillion dollar a day industry, those trades aren't being made "at the water cooler" :)
By CFD do you mean contract for difference?
Preach it!! Stocks of course are traded OTC as well.
I see what you mean and stand corrected. :)
Upvote friend
Yes i think that bro
Bitcoin zeroing
Crypto is definitely not dead , speculations can lead you believe otherwise. Real world development , infrastructure , adoption is highly reflective of the demand at the OTC. That directly correlates the technology perspective at broad scale.
A lot of effort, to tell that people sell crypto off exchanges?
Thanks, really interesting info :)
It's clear that big guys just can't use exchanges, even if they would like to, crypto exchanges is too far from perfect right now. But right now it's an ideal time for whales to get into game. I even hear a theory that huge hedge found dumped crypto market to get in on lower prices, since they could afford to get in on ATH.
Do you have a site you use to keep track?