Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Denker]

Just wow!
Wright again comes up again with another story that he is Satoshi, Gavin is supporting that and the price takes a dive.
Let's see how low we will go.
If it's sub 400 this could become ugly.

[1714692684]

1714692684

[Tzupy]

so after bitcoin creator unmasked, and people trust craig wight is satoshi nakamoto the price will be back to $500 ?

Market's reaction suggests back to 300$...

[Ted E. Bare]

Bottom is at around 440.

[belmonty]

Just wow!
Wright again comes up again with another story that he is Satoshi, Gavin is supporting that and the price takes a dive.
Let's see how low we will go.
If it's sub 400 this could become ugly.

Gavin Andresen says he's seen proof from signed keys only Satoshi could have controlled. I'm sure we all want to check for ourselves rather than take his word for it. Can anyone post a link to some cryptographic proof that we  can check for ourselves?

http://gavinandresen.ninja/satoshi

[Elwar]

This could be like the Silk Road drop.

[BitUsher]

Just wow!
Wright again comes up again with another story that he is Satoshi, Gavin is supporting that and the price takes a dive.
Let's see how low we will go.
If it's sub 400 this could become ugly.

Seems like every time Gavin opens his mouth the price takes a dive ...

And the pathetic "evidence" has been proved fake-

https://www.reddit.com/r/Bitcoin/comments/4hf4xj/creator_of_bitcoin_reveals_identity/d2pf70v

[JayJuanGee]

Just wow!
Wright again comes up again with another story that he is Satoshi, Gavin is supporting that and the price takes a dive.
Let's see how low we will go.
If it's sub 400 this could become ugly.

Gavin Andresen says he's seen proof from signed keys only Satoshi could have controlled. I'm sure we all want to check for ourselves rather than take his word for it. Can anyone post a link to some cryptographic proof that we  can check for ourselves?

http://gavinandresen.ninja/satoshi

Yeah, convenient if Gavin is the corroborator of evidence.  That guy comes off as credible to mainstream, but he certainly has lost a lot of credibility with the bitcoin community with his recent big blocks and attempts at changing bitcoin governance shenanigans.

[2015Bubble]

How retarded are you guys..
There is no reason for a btc drop, it doesnt matter if he is revealed. Imo its a good thing, now he can speak his mind over the block discussion.
If btc will nosedive it will rise till new hights very soon. Maybe this is the news that will be manipulated for a dump in to flash spike.

[JayJuanGee]

so after bitcoin creator unmasked, and people trust craig wight is satoshi nakamoto the price will be back to $500 ?

Market's reaction suggests back to 300$...

Frequently, you can be a reasonable guy, but comments like these are just way too much....

[belmonty]

How retarded are you guys..
There is no reason for a btc drop, it doesnt matter if he is revealed. Imo its a good thing, now he can speak his mind over the block discussion.
If btc will nosedive it will rise till new hights very soon. Maybe this is the news that will be manipulated for a dump in to flash spike.

According to the bbc story the reason Craig Wright's house was raided by police was due to money he owes the Australian tax man. I can't remember the details, but if he owes a lot, he could dump a load of Bitcoins to pay the debt off if he really is Satoshi.

[BitUsher]

.... and "the Internet" is able to investigate and debunk this fraud in minutes while investigative journalists are fooled once again.

https://www.reddit.com/r/Bitcoin/comments/4hflr3/craig_wrights_signature_is_worthless/

JoukeH discovered that the signature on Craig Wright's blog post is not a signature of any "Sartre" message, but just the signature inside of Satoshi's 2009 Bitcoin transaction. It absolutely doesn't show that Wright is Satoshi, and it does very strongly imply that the purpose of the blog post was to deceive people.

So Craig Wright is once again shown to be a likely scammer. When will the media learn?"

Take the signature being “verified” as proof in the blog post:
MEUCIQDBKn1Uly8m0UyzETObUSL4wYdBfd4ejvtoQfVcNCIK4AIgZmMsXNQWHvo6KDd2Tu6euEl13VT C3ihl6XUlhcU+fM4=

Convert to hex:
3045022100c12a7d54972f26d14cb311339b5122f8c187417dde1e8efb6841f55c34220ae002206 6632c5cd4161efa3a2837764eee9eb84975dd54c2de2865e9752585c53e7cce

Find it in Satoshi's 2009 transaction:
https://blockchain.info/tx/828ef3b079f9c23829c56fe86e85b4a69d9e06e5b54ea597eef5fb3ffef509fe?format=hex

Pathetic that Gavin went along with this without being more skeptical.

[2015Bubble]

How retarded are you guys..
There is no reason for a btc drop, it doesnt matter if he is revealed. Imo its a good thing, now he can speak his mind over the block discussion.
If btc will nosedive it will rise till new hights very soon. Maybe this is the news that will be manipulated for a dump in to flash spike.

According to the bbc story the reason Craig Wright's house was raided by police was due to money he owes the Australian tax man. I can't remember the details, but if he owes a lot, he could dump a load of Bitcoins to pay the debt off if he really is Satoshi.

fud, if he paid out 2m he gonna pay 300-600k cash, not gonna crash the market.

[Denker]

How retarded are you guys..
There is no reason for a btc drop, it doesnt matter if he is revealed. Imo its a good thing, now he can speak his mind over the block discussion.
If btc will nosedive it will rise till new hights very soon. Maybe this is the news that will be manipulated for a dump in to flash spike.

According to the bbc story the reason Craig Wright's house was raided by police was due to money he owes the Australian tax man. I can't remember the details, but if he owes a lot, he could dump a load of Bitcoins to pay the debt off if he really is Satoshi.

Yepp that's the reason for the actual dive.
See it from other side of the medal.
Might be a good opportunity to accumulate more coins when you have some spare fiat left.

[Tzupy]

so after bitcoin creator unmasked, and people trust craig wight is satoshi nakamoto the price will be back to $500 ?

Market's reaction suggests back to 300$...

Frequently, you can be a reasonable guy, but comments like these are just way too much....

I didn't say "300$ right away", did I? But this dump is damaging the bullish scenario, so the probability of testing 300$ increases.
I wasn't shorting, on the contrary I had a small long, and the dump triggered the stop loss.

[JayJuanGee]

How retarded are you guys..
There is no reason for a btc drop, it doesnt matter if he is revealed. Imo its a good thing, now he can speak his mind over the block discussion.
If btc will nosedive it will rise till new hights very soon. Maybe this is the news that will be manipulated for a dump in to flash spike.

I don't think that various responders here are retarded. 

You know we are also responding to new news, which in part is the market's reaction (and possibly over-reaction to news that seems highly likely to be fraudulent). 

If it does turn out within hours or even days that the news is discovered to be fraudulent, then that could provide a decent springboard for an upward BTC price trajectory, like you suggested; however, sometimes stupid-ass news like this gets way too much attention (and yeah, we are discussing it too), weight and credibility and it takes longer to figure out to have been false in the first place.....  that was true with the mike hernia news, remember how long it took to figure out to be whining... even though it seems ridiculous to even have much credibility.

 And, just like within your comment, you seem to already be given too much potential legitimacy to the claim that Wright could be Satoshi when you say:  "Imo its a good thing, now he can speak his mind over the block discussion." 

In fact, your kind of statement is kind of an internal contradiction (and possibly seeming a bit retarded (i'm not trying to call any names here) ), because you could not really believe that if Wright were in fact Satoshi that his chiming in on the block discussion would be a good thing for bitcoin when it had begun to appear 1) the block size limit debate was coming around to seemingly temporarily resolutions with seg wit etc and 2) those big block claims of Wright of 340 mg blocks were just non-sensical to the real original visions of bitcoin in attempting to keep bitcoin decentralized.  You not going to really achieve decentralization and/or manageability of spam with something like 340 mg blocks.. that's pure ridiculous and distracting to bitcoin's current decentralized and scaling trajectory that seg wit seems to allow in a much more manageable way.  In that regard, Wright would be opening a can of worms that really don't need to be opened... and yeah, this seems to be convenient for Gavin and some of the other big blockers to want to keep this nonsense alive.

[belmonty]

How retarded are you guys..
There is no reason for a btc drop, it doesnt matter if he is revealed. Imo its a good thing, now he can speak his mind over the block discussion.
If btc will nosedive it will rise till new hights very soon. Maybe this is the news that will be manipulated for a dump in to flash spike.

I don't think that various responders here are retarded.  

You know we are also responding to new news, which in part is the market's reaction  

...

The thing is Craig Wright's claim is backed up by Gavin Andresen this time. Gavin lost some of the credibility that he used to have, but he's still a heavy weight in the Bitcoin world. I don't think he would be easy to trick, but if he has been tricked he's going to be a laughing stock.

Gavin saying Craig Wright proved he's Satoshi to him carries a lot of weight. If Craig Wright really is Satoshi he can start selling Satoshi coins that would have been almost impossible to spend without revealing himself. That possibility can spark a dump from panicking holders.

[JayJuanGee]

How retarded are you guys..
There is no reason for a btc drop, it doesnt matter if he is revealed. Imo its a good thing, now he can speak his mind over the block discussion.
If btc will nosedive it will rise till new hights very soon. Maybe this is the news that will be manipulated for a dump in to flash spike.

According to the bbc story the reason Craig Wright's house was raided by police was due to money he owes the Australian tax man. I can't remember the details, but if he owes a lot, he could dump a load of Bitcoins to pay the debt off if he really is Satoshi.

I'm not sure whether the tax raid and taxes part of the story is so simple as to resolve with payment(s). 

A tax raid is usually going to mean that the matter is fairly complicated, and it has risen to the level of a criminal investigation and mistrust that the government felt that it was necessary to take such measures as to surprisingly confiscate property and records and hard drives. 

Accordingly, you cannot merely resolve the matter by paying off those folks, if that were a potential resolution that would still be on the table.  Of course, any person who is facing criminal charges that rise to a level of a raid would want to clear up the matter sufficiently in order that he does not have to spend any significant amount of time in jail - and that usually would involve more than just making some payments - because would have to show that whatever Wright supposedly did had not risen to the level of criminal intention that would deserve significant jail time.

[JayJuanGee]

so after bitcoin creator unmasked, and people trust craig wight is satoshi nakamoto the price will be back to $500 ?

Market's reaction suggests back to 300$...

Frequently, you can be a reasonable guy, but comments like these are just way too much....

I didn't say "300$ right away", did I? But this dump is damaging the bullish scenario, so the probability of testing 300$ increases.
I wasn't shorting, on the contrary I had a small long, and the dump triggered the stop loss.

I'm not commenting regarding whether you meant "right away" because we all know it would take a lot to reach and/or test $300.. that is on the borders of $299, right?  On the other hand, going into the $300s is a more reasonable statement and probability (which would be breaching $400), which is also seeming less likely at the moment and with the current news..   

Even though the initial drop was fairly strong, it seems that we are going to need some better FUCD spreading in order to even get to those sub $400 levels any time in the near future...

You are correct that this bullish bitcoin scenario seems fairly fickle when we are getting such heavy BTC dumps based on one piece of questionable news (and does it really matter or not if Wright is Satoshi), and in that regard, if we had some more tragic news, such as one of the major exchanges going down and/or disappearing 1 million or so BTC (such as one in china trading millions of coins a week), that would likely have a considerable affect on the price performance and/or bullish price scenarios of our lil friend.

[600watt]

This could be like the Silk Road drop.

i am hoping the same. but it would need to go down in the 250 area to be in the same range.

[gizmoh]

FYI, @gavinandresen's commit access just got removed - Core team members are concerned that he may have been hacked.

https://twitter.com/petertoddbtc/status/727078284345917441

Craig Wright claims debunked:

https://news.ycombinator.com/item?id=11609707