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

[Negotiation]

Bitcoin Math: 50% of 0 = 0
BSV Math: 50% of 0 = $5 billion

https://twitter.com/whalepanda/status/1166332007204433920?s=21

  

No calculation No Math
1 BTCitcoin=1 BTCitcoin

[bkbirge]

2 Billion of tax payments for Ira, thats a lot of BTC to sell
https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/

Did anyone think that CSW would give an interview for free?
No. This is just an elaborated "consortium" to FUD that Bitcoin price could fall. (Not that it wouldn't be volatile anyway).

What a weird read, the guy seems to have a bit of a messianic complex. IMO if Ira dumped all those coins immediately I would love it, BTC tanks temporarily for a day or less and we all pick up cheap coins. The total supply remains the same, a btc is still a btc. To me, this would be a lot different than uncertainty in the market or another exchange hack tanking btc. And what's cooler is it likely won't be priced in beforehand as no one knows when or even if Ira will dump. So yeah, bring it on.

The story is strange because you can only tax what is owned. So only if a legal document explaining the trust is available, explaining the contents of the trust aswell, he would need to pay up on behalf of the trust.
I wouldn't think a smart guy would have his bitcoins mentioned in some legal document on which the IRA can lay it's hands.

The coins won't be dumped. If you look at the Silkroad coins, they were auctioned.
So I believe the Bitcoins will be auctioned for the price that the IRA need, maybe in batches.
Who will be auctioning the coins is unclear, so either the IRA or CSW.
Don't think the coins will get dumped in one go or even hit the exchanges.

Having those coins dispersed into the network is good since there will be less and less whales that can manipulate the price.

Maybe the current sideways movement is the dumping of those coins to gather the owed amount in USD...  

https://cointelegraph.com/news/craig-wright-kleiman-estate-will-now-dump-2-billion-in-bitcoin
I'm not sure it would be a big deal either way. I mean, if they have to raise $2 billion USD to pay an estate tax, that's roughly 20,000 200,000 btc at recent prices. According to: https://coinmarketcap.com/currencies/bitcoin/
Last 24 hour volume is: 1,557,163 BTC
20,000 200,000 BTC is a small big fraction of that daily reported volume. So whether auctioned or dumped on the open market I guess it doesn't really matter holy fuck.

[mindrust]

https://cointelegraph.com/news/craig-wright-kleiman-estate-will-now-dump-2-billion-in-bitcoin
I'm not sure it would be a big deal either way. I mean, if they have to raise $2 billion USD to pay an estate tax, that's roughly 20,000 btc at recent prices. According to: https://coinmarketcap.com/currencies/bitcoin/
Last 24 hour volume is: 1,557,163 BTC
20,000 BTC is a small fraction of that daily reported volume. So whether auctioned or dumped on the open market I guess it doesn't really matter.

Except...

CMC volume reports are %90 bogus.

The real 24h trade volume of BTC is only $1.2b which is ~120kBTC

Source: https://openmarketcap.com/

[bkbirge]

...and oddly on topic just posted news...
https://cointelegraph.com/news/coinmarketcap-sets-november-target-date-for-new-liquidity-rankings

[SuperTA]

BTC/USD CME

When the 4h candle closes above the yellow line we will get the bullish momentum. The good news is that the daily candle still didn't close bellow the yellow line on the daily chart.

[JSRAW]

~Snip~

Enjoy!!

But why shilling the SC, Hide it

[El duderino_]

~Snip~

Enjoy!!

But why shilling the SC, hide it

Replace it

[Phil_S]

"~10K is the new ~6K", but instead of breaking down it will hold and start grinding UP.

You heard it here first.

https://twitter.com/muststopmurad/status/1166160090417815553?s=21

Its feeling that way.... hope the Bulls are right

I'm starting to think we might stay at 10k for the rest of 2019, now that would be super-boring 4 months.

[sirazimuth]

And why do everyone here wear those stupid caps?

Correction, I’m the only one here wearing my stupid cap.
(Upsidedown ,but whatever....)

[xhomerx10]

And why do everyone here wear those stupid caps?

 The next 24 caps are critical.

[DaRude]

https://cointelegraph.com/news/craig-wright-kleiman-estate-will-now-dump-2-billion-in-bitcoin
I'm not sure it would be a big deal either way. I mean, if they have to raise $2 billion USD to pay an estate tax, that's roughly 20,000 btc at recent prices. According to: https://coinmarketcap.com/currencies/bitcoin/
Last 24 hour volume is: 1,557,163 BTC
20,000 BTC is a small fraction of that daily reported volume. So whether auctioned or dumped on the open market I guess it doesn't really matter.

Except...

CMC volume reports are %90 bogus.

The real 24h trade volume of BTC is only $1.2b which is ~120kBTC

Source: https://openmarketcap.com/

Sure, not small but certainly not enough to warrant the chicken littles running around in the crypto press.
Some reports recently claim volume of BTC is overblown by 95% on CMC:
https://www.crowdfundinsider.com/2019/03/145745-coinmarketcap-admits-it-has-data-accuracy-problems-regarding-crypto-exchange-reporting/

If that is true then that still leaves a daily volume of 77858 BTC
And 20,000 of that is 26% one day volume increase, not a small amount but also not something that would swamp the markets for more than a brief period.

That same report shows several exchanges that it does trust volume reporting on to be accurate, among them Coinbase, which just today has volume
https://data.bitcoinity.org/markets/volume/24h?c=e&t=b
… of ~10k BTC, so 20,000 BTC is 2 days worth of trading on Coinbase only.

Either way, these are numbers that can be absorbed easily by the market I think.

Left out a 0 there. Maths are hard

[Searing]

And why do everyone here wear those stupid caps?

Correction, I’m the only one here wearing my stupid cap.
(Upsidedown ,but whatever....)

I'm a bad......person.....I am not wearing my cap for about $20 a week on a signature campaign.....(not sure why, I must just be truely clueless and evil)

[bkbirge]

Left out a 0 there. Maths are hard

Yikes, yep 200,000 btc dumped on the market maybe is more substantive. If you knew my day job you all would be laughing even more.

[gentlemand]

Left out a 0 there. Maths are hard

0 is the only number that counts. None of these coins exist. I can't believe anyone's wasting their time doing sums regarding pure fiction.

[Fatman3001]

And why do everyone here wear those stupid caps?

Because it's cool. Do you think your black & white pic is cooler?  

yes

[Wilhelm]

Left out a 0 there. Maths are hard

Yikes, yep 200,000 btc dumped on the market maybe is more substantive. If you knew my day job you all would be laughing even more.
<snip>

Maths teacher 

[Ludwig Von]

And Dollar-Euro fiat marching towards parity, is there a peg marriage in the making?   Like a bromance Trump-Macron? (a bit Monty Python, I know)... .

[Toxic2040]

Water towers can fly.  

Successful 150m hop and landing..for the most part...good news.  Looked like a partial RUD right at or just after touchdown...seen what looked to be one of the COPVs detach and tumble to the ground.

WTG SpaceX





https://www.youtube.com/watch?v=bYb3bfA6_sQ

end of video @ +31 minutes

[DaRude]

Left out a 0 there. Maths are hard

0 is the only number that counts. None of these coins exist. I can't believe anyone's wasting their time doing sums regarding pure fiction.

Nothing is a true 0, i consider it a black swan event, and this black swan just got halved 

[Hueristic]

Tax are due as soon as Ira takes ownership.
Craig was the biggest and longest Hodler (1 million over 10 years)
Ira will dump the biggest load 2 seconds after receiving the BTC (he never had any interrest in bitcoin, only $$$)

Do you think there is anyone dumb in this thread enough to believe this shit?


This clickbait site is really getting on my nerves. I can't get them to stop spamming my inbox with this crap And the FUD is getting thick.

Craig Wright on court ruling: Kleiman could dump $2 billion worth of Bitcoin

https://cryptoslate.substack.com/p/recap-craig-wright-on-court-ruling

Isn't anyone else getting spammed by these pricks?

Make sure you never give them your email, I have no clue how they got mine!

New poll incoming.



86 of you are doing it wrong 

I didn't vote but if I was forced I would say BTC only because it is harder to come by than sex.