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

[vroom]

some people should not drive lambos: https://gfycat.com/hatefultenderhumpbackwhale

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[mymenace]

luvin it

i replied to a 26 year old about crypto and he shouted back what would you know your old

if only he knew

(thats right he left his bitcoin wallet from 2010/11 on a hard drive and did not know how to get it)

[Totscha]

luvin it

i replied to a 26 year old about crypto and he shouted back what would you know your old

if only he knew

(thats right he left his bitcoin wallet from 2010/11 on a hard drive and did not no how to get it)

That would have pissed me off too.

Your old... WHAT!?

I hate it when these kids don't know how to finish sentences.

[mymenace]

Report on the ERC20 integer batch overflow attack.  

https://peckshield.com

I sold a load of ETH I picked up as BTC rose on this news - but the price is not hardly tanking.... Do ETHers not care?!

It is not the fan boys who drive the market

EOS is another example, if i am right resignation ceo brock pierce or something like that

As well the ERC20 is not relevant to gas when hard forks are so easily implemented 

[mymenace]

Copied from a Telegram Group:


Correction: Mt. Gox Trustee Wallet has sent out 16k BTC.

Please take the following into consideration:

"Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the [greatest] extent possible,"

Direct quote from Mt. Gox Trustee Kobayashi, that proves his sells will NOT affect the price of Bitcoin.

We also have no idea if they're being sold or not.

The trustee for MtGox needs to sell only a few thousand coins to cover 100% all claims + a potential additional $75 million might be 'ringfenced' to cover the bogus lawsuit by Vessenes. Once he has those funds he quite literally doesn't need to (or would) liquidate anything else because he has covered all of the MtGox liabilities and potential liabilities at the time of bankruptcy which was some time in 2014.

Edit : You can see what's moved (16000 BTC + 16000 Bitcoin Cash) here :

https://www.cryptoground.com/mtgox-cold-wallet-monitor/

And do we know what customers cash setllements were on those bitcoin (2014/15 price)

Do we know what value we could get if the settlement was in bitcoin now and not cash

shhhhh.... three times as much

[itod]

I predict at least 50K Before end of this year and 20K in less than 2 months from now.

Of course you do.

I wonder what the hyperbulls will do once (if) bitcoin actually reaches its target of $1M/etc? Like they will have no purpose anymore and go into some kind of depression.

This is actually a good question. At which price point will HODLers get bored and just leave this thread forever, going into Lambo trashing and yacht sinking entertainment?

[Elwar]

I predict at least 50K Before end of this year and 20K in less than 2 months from now.

Of course you do.

I wonder what the hyperbulls will do once (if) bitcoin actually reaches its target of $1M/etc? Like they will have no purpose anymore and go into some kind of depression.

This is actually a good question. At which price point will HODLers get bored and just leave this thread forever, going into Lambo trashing and yacht sinking entertainment?

Or maybe they retire, spend time on projects they actually care about, put their money toward things that interest them and watch it all grow while keeping an eye on this thread to see why their money is doing what it is doing.

[Elwar]

Copied from a Telegram Group:


Correction: Mt. Gox Trustee Wallet has sent out 16k BTC.

Please take the following into consideration:

"Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the [greatest] extent possible,"

Direct quote from Mt. Gox Trustee Kobayashi, that proves his sells will NOT affect the price of Bitcoin.

We also have no idea if they're being sold or not.

The trustee for MtGox needs to sell only a few thousand coins to cover 100% all claims + a potential additional $75 million might be 'ringfenced' to cover the bogus lawsuit by Vessenes. Once he has those funds he quite literally doesn't need to (or would) liquidate anything else because he has covered all of the MtGox liabilities and potential liabilities at the time of bankruptcy which was some time in 2014.

Edit : You can see what's moved (16000 BTC + 16000 Bitcoin Cash) here :

https://www.cryptoground.com/mtgox-cold-wallet-monitor/

Their idea of "a manner that would avoid affecting the market price" was likely selling OTC to large buyers. But those large buyers would have gone through the market anyway so they didn't avoid shit. They were just pleased with themselves that they didn't go on Bitstamp and place a huge sell order driving the price down on that exchange all at once. Instead, they prevented money coming in to even out the money going out.

You can also see the obvious whale buys over the past week that pushed the price up over and over again. I am thinking that was probably someone involved in Gox with knowledge of it all pumping the price for good returns.

[CookieFactory]

Right now the 10 DMA is providing support around 8700 USD. We'll probably get a small bounce over the next day or two, but ultimately will need to re-test the 8300 level where the 20 DMA will be in a few days.

[Last of the V8s]

That's right motherfucking banks, governments and fiat billionaires.
Your shitcoin ponzis are collapsing around you, your frauds are exposed, your bags worthless.
We the people hold over 75% of all the sound money there will ever be in this world.
Maybe a few of you have a few thousand btc? So does the guy in his boxers, and he knows how to secure it against you and your black vans.
The bitcoin protocol ticks over with or without you.
Whaddayagonnado?
You won't have any money, don't you get it?
No money, no power, no control.
Good bye.

[Micky25]

17,000,000 BTC mined, only 4,000,000 left.

[xhomerx10]

This one took a lot of patience but I'm pretty happy with the result.  It's a reflection on the current mood (and I missed the first over 9000 celebration due to work)

So true, that reflects it perfectly lol

On another note... I have always wondered if there are a lot of professional graphic designers on this thread or if it is just a (very devoted) hobby for some.

 I've been dabbling for years using freely available tools.  This one was an amalgam of unrelated tools including a javascript odometer using CSS i found on Github.  Sometimes the idea itself drives me to completion but in general i lack the focus required to be a professional. Oh yeah, I also lack an innate artistic ability.

[Elwar]

Buy the dip

https://www.youtube.com/watch?v=0akBdQa55b4

[Torque]

That's right motherfucking banks, governments and fiat billionaires.
Your shitcoin ponzis are collapsing around you, your frauds are exposed, your bags worthless.
We the people hold over 75% of all the sound money there will ever be in this world.
Maybe a few of you have a few thousand btc? So does the guy in his boxers, and he knows how to secure it against you and your black vans.
The bitcoin protocol ticks over with or without you.
Whaddayagonnado?
You won't have any money, don't you get it?
No money, no power, no control.
Good bye.

The most hilarious thing is the banking/corp establishment is really pissed about Bitcoin. In that for the stock market, they have to go through all the charade/pomp/circumstance with greasing govt and media palms, faked reporting, faked quarterly earnings, faked growth projections, derivatives and leverage trades, buyouts and mergers, buybacks, dividends, IPOs, securities and trading regulations, trade deals, etc., etc. It's just a giant rube goldberg beast that has taken on a life of its own.

Bitcoin just dispenses with all that excess and costly machinery and just trades without any of it, lol. Completely on popularity, hype, supply and demand. It's limited and unhackable so they can't just counterfeit it into their pockets. Plus they can't front run it (because it doesn't trade on their exchanges... of course ETFs will change that) and they have to buy it directly and OWN it (just like everyone else) in order to participate.

The crypto market threw them a curve ball. It completely turned the equities market on it's head, while also helping to expose its fraudulent, corrupt nature.

 

[jojo69]

Which explains the dump we just had. Fuck Karpeles.  

How many Gox coins left to move?

Mark has absolutely no control over this.

[jojo69]

I book the profits in BTC, I just choose to do it with the BTC:ETH and BTC:LTC pairs rather than soiling myself with the lowest of shitcoins...USD.

LOL - calling USD coins made me a lot of questions:

1) Does anyone know where to buy the USD miners?
2) Will difficult rise?
3) What algorithm use the USD?

1) no need, just be a well connected corporate bank and the federal reserve will loan you an infinite supply at ZIRP
2) never seems to, in fact they seem to be ever easier to create
3) USD uses the ctrl+P protocol, the Fed chair simply selects a number and presses ctrl P on their keyboard

[Paashaas]

Lawsuit is being organized versus Bitcoin.com for misleading novice Bitcoin users

https://walletinvestor.com/magazine/lawsuit-is-being-organized-versus-bitcoin-com-for-misleading-novice-bitcoin-users/

[Biodom]

Your shitcoin ponzis are collapsing around you, your frauds are exposed, your bags worthless.
We the people hold over 75% of all the sound money there will ever be in this world.
Maybe a few of you have a few thousand btc? So does the guy in his boxers, and he knows how to secure it against you and your black vans.
The bitcoin protocol ticks over with or without you.
Whaddayagonnado?

Don't give them any ideas, please.
Remember what FDR did in 1933?
I fully expect an attempt to dissociate early adopters from their bitcoin in due course.
How? I have a few concerns/potential routes, not going to spell it out.
Will it succeed? Hopefully, not, but you can't seriously expect PTB to acquiesce with just 4-5 mil (at the most) ownership out of the final 21 mil.
I think that PTB did not start buying until the middle of last year, hence the math.

[Toxic2040]

Good morning Observer's.

Bitcoin continues to consolidate at $8.8k as indicators relax and the weekend(oh shit, the banks are closed now) approaches. The Twitterati hive mind indicates some of the MtGox coins are heading towards a BitMex address but I have not seen evidence as of yet. In my humble opinion, the sooner these coins are out in general circulation the better.


I expect the price to remain in a relatively narrow channel over the next 24 hours before more substantial price action this weekend. #dyor

[Ludwig Von]

Good morning Observer's.

Bitcoin continues to consolidate at $8.8k as indicators relax and the weekend(oh shit, the banks are closed now) approaches. The Twitterati hive mind indicates some of the MtGox coins are heading towards a BitMex address but I have not seen evidence as of yet. In my humble opinion, the sooner these coins are out in general circulation the better.


I expect the price to remain in a relatively narrow channel over the next 24 hours before more substantial price action this weekend. #dyor

So it would mean a push down for the (long) weekend ? Sounds plausible.