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

[Last of the V8s]

@girevikcap https://twitter.com/girevikcap/status/971360264363892737 12:21 PM - 7 Mar 2018

The 2011 price crash in BTC was caused by MtGox. The 2014 price crash was caused by MtGox. The 2018 price crash? Yep, you guessed it.

ref eg : https://www.trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cash

[LFC_Bitcoin]

@girevikcap https://twitter.com/girevikcap/status/971360264363892737 12:21 PM - 7 Mar 2018

The 2011 price crash in BTC was caused by MtGox. The 2014 price crash was caused by MtGox. The 2018 price crash? Yep, you guessed it.

ref eg : https://www.trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cash

It’s good to know where all the selling came from though (if true).

[julian071]

Will the bearwhales attack 10k again this weekend? I'm gambling on 'yes' by putting up a low buy order. If that doesn't get filled, fine too.

[Nuru]

BTC Dominance is up to 41.6% now - do you guys think it will hit 50%?

I think more than that dude. Bitcoin will hit $13000 again for this month.

I agree that dominance of Bitcoin will grow a lot in near future, but i'm not sure if it will hit 13000$ in Q1, more likely in Q2.

[Torque]

@girevikcap https://twitter.com/girevikcap/status/971360264363892737 12:21 PM - 7 Mar 2018

The 2011 price crash in BTC was caused by MtGox. The 2014 price crash was caused by MtGox. The 2018 price crash? Yep, you guessed it.

ref eg : https://www.trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cash

It’s good to know where all the selling came from though (if true).

If that was true, then we should all rejoice. That much bitcoin waiting to be liquidated was always going to remain a Sword of Damocles over the market until it happened.  Now that it's behind us, blue skies!

[Searing]

Will the bearwhales attack 10k again this weekend? I'm gambling on 'yes' by putting up a low buy order. If that doesn't get filled, fine too.

well..could it be the mt. gox trustee? just dribbling out stuff....(only 1.5 billion dollars to go)

https://www.financemagnates.com/cryptocurrency/news/mt-gox-trustee-liquidates-massive-amount-btc-bch/


we could go 'sideways' in price for a 'long time' if that is the case (or worse if they flub it)

[Ibian]

Heading south for the rest of the winter. Was going fucking stir crazy just sitting at home waiting for it to get warmer.

Currently sitting in Doha airport, Qatar, and I gotta say, it's a hell of an airport so far as airports go. Had a 14 hour wait for my next flight so I'm writing from a hotel room inside the airport (kinda expensive, but worth it under the circumstances - also comes with access to a gym and pool).

But the most impressive part to me was the books on sale in the shops. They have things like the marshmallow test, rich dad poor dad, what if by the xkcd guy, fire and fury and even nordic mythology which is always a nice surprise.

I ended up buying the art of war by master Tzu (old one is tattered and needs replacing), the eternal tao te ching by a different master Tzu (gotta keep the theme going!), how to win friends and influence people by a certain Carnegie, manual for the warrior of light by the same guy who wrote the alchemist because it was buy 3 get 1 free, and the networking book (from another shop).

Another hour to go, then a 6 hour flight and then it's time to relax in the sun until the snow back home clears.

[jojo69]

Some good news:  owner of the ASIC Boost patent has licensed it to the Blockchain Defensive Licence.  

https://bitcoinmagazine.com/articles/there-bitcoin-patent-war-going-initiative-could-end-it/

That IS news.

Depending on how that plays out I might even entertain the notion of rolling back segwit.

@girevikcap https://twitter.com/girevikcap/status/971360264363892737 12:21 PM - 7 Mar 2018

The 2011 price crash in BTC was caused by MtGox. The 2014 price crash was caused by MtGox. The 2018 price crash? Yep, you guessed it.

ref eg : https://www.trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cash

this...this is huge news if true...wow

[jojo69]

thoughts?

[El duderino_]

i'm just fine to go into ATH times
just so much enjoymend @that times mmm common pump it UP

[Torque]

Some good news:  owner of the ASIC Boost patent has licensed it to the Blockchain Defensive Licence.  

https://bitcoinmagazine.com/articles/there-bitcoin-patent-war-going-initiative-could-end-it/

That IS news.

Depending on how that plays out I might even entertain the notion of rolling back segwit.

[jojo69]

did you read the link Torque?

ASICboost in the defensive license could force all other mining patent holders into the agreement

[Tzupy]

@girevikcap https://twitter.com/girevikcap/status/971360264363892737 12:21 PM - 7 Mar 2018

The 2011 price crash in BTC was caused by MtGox. The 2014 price crash was caused by MtGox. The 2018 price crash? Yep, you guessed it.

ref eg : https://www.trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cash

The trustnodes article is garbage.
And the February 2018 crash wasn't caused by the Trustee, AFAIK he panic sold 18 thousand BTC close to the February 6th bottom.
As a MtGox creditor, I wish the crash would have been caused by the Trustee, by selling high, but this was not the case.

[Torque]

did you read the link Torque?

Yes

"Whether or not this constituted a patent infringement remained a point of contention, but the issue was, to large extent, rendered moot as the Segregated Witness upgrade activated on the Bitcoin protocol in August 2017. This soft fork limited the potential upside of using the covert application of AsicBoost, and it is clear that no one ever used the overt version of AsicBoost on Bitcoin’s mainnet."

ASICboost in the defensive license could force all other mining patent holders into the agreement

Only if they so choose to join the BDPL, correct? So Bitmain would have to remove ASICboost to steer clear of the BDPL, or be forced to share any other patents they have?

[realr0ach]

The prices are outrageously high.

When you call my name it’s like a little prayer
The price is crashing lower, I wanna take you there
In the midnight hour, I heard someone yell white power
Just like another Shoah
You know I’ll take you there

I hear the Jews
They sound like giant rodents
I hear the Jews
I hear the Jews
boarding the trains

I close my eyes as the Dow free falls
It’s time to long Zyklon B
I wanna take you there

[dieselmeister]

and the next dump is there ...

[LFC_Bitcoin]

Dipping below $10,000 again by the looks of it today **Sigh**

[Last of the V8s]

and the next dump is there ...

yes next fud (after Japan/Gox) is SEC again https://www.sec.gov/news/public-statement/enforcement-tm-statement-potentially-unlawful-online-platforms-trading

[jojo69]

did you read the link Torque?

Yes

"Whether or not this constituted a patent infringement remained a point of contention, but the issue was, to large extent, rendered moot as the Segregated Witness upgrade activated on the Bitcoin protocol in August 2017. This soft fork limited the potential upside of using the covert application of AsicBoost, and it is clear that no one ever used the overt version of AsicBoost on Bitcoin’s mainnet."

ASICboost in the defensive license could force all other mining patent holders into the agreement

Only if they so choose to join the BDPL, correct? So Bitmain would have to remove ASICboost to steer clear of the BDPL, or be forced to share any other patents they have?

As I understand it yes, so the more effective ASICboost is the better.

[Torque]

Cool.

This kinda feels like a big short entry/shake the tree kind of thing to me. Wonder if something big is coming?