BitcoinDarjeeling's avatar
BitcoinDarjeeling
btcdarjeeling@northeastnet.in
npub19pg9...vlf2
Building a community of bitcoiners in #Darjeeling, #Kalimgpong, #Gangtok
The 200 Week Average price is finally part of @desiboard. This price index has not got enough attention. Maybe image because almost every #bitcoin hodler treats... anyway. Some minor fixes also done.
image During this sudden $60k #Bitcoin price fall yesterday, its noticeable that Indian bitcoiners refused to follow the global price to keep selling. The INR price premium which usually stays 2~5% was above 11%. Regards to Bitcoin, #India has no public institutional investors. It only has retail, traders and heavy P2P market (Bisq and handshakes). I'm not good to deeply understand trading markets, but this seems like resistance to sell. Price can only continue to fall while someone is still selling lower and lower. Did we run out of sellers at that price? India is definitely the no.1 country in bitcoin ownership. After all that should have a considerable stand to demand a global price. Could it be that the global price fall could not continue because the indian traders kept moving more and more bitcoin from the west to the east? We are like that.
Making more @desiboard tweaks. The price calculator is quite popular. Trying to make the Premium editable. image FYI :- All price edits stay local to the browser. No ajax. Not even google analytics installed.
Top Indian Companies by Market Cap represented in Bitcoin. Compared with Bitcoin held by Strategy. image