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

[Searing]

More:

Counsel for Dr. Wright argued that it would be fundamentally unfair to Dr. Wright, and contrary to concepts of justice to impose discovery sanctions that forfeited his right to fully litigate the merits of his case. I have found that Dr. Wright intentionally submitted fraudulent documents to the Court, obstructed a judicial proceeding, and gave perjurious testimony. No conduct is more antithetical to the administration of justice. The sanctions I am imposing are necessary to achieve the remedial and punitive purposes of Rule 37. No lesser sanction would suffice.

I think that’s lawyer talk for CSW is fucking REKT. 

The testimony is 'false' but just in case there is a 'Tulip Fund' he is still on the hook for the $2 Billion Dollars in BTC if he has access to such funds?

or

He has to pay the estate $2 Billion Dollars because they can prove he ripped off the Bitcoin?

or

Nothing comes of this, because when the time comes to pay (after 1/1/2020) Craig Wright (FakeSatoshi) will announce the 'evil' trustees of the

'supposed' Tulip Fund, has run off with the private keys and as such, as usual, he will 'claim his bad luck and innocence and move onward and ever forward

with his fake claim to be Satoshi.

I mean, on any of the above is there any real consequences? (I refuse to believe he can pay the estate that is just too far fetched) but on his flat out lies?

Seems little or NO consequences in that this is a USA court and he is Australian.

Anyone, want to show me how he can be hung out to dry on his claims and/or how he can continue to get away with this scam, feel free to reply.

I've already heard from Craig Wright believers that because the court says he has to pay, regardless if he has/can find/or whatever with the BTC private keys,

he must be Satoshi! (the mind cringes from the lack of logic)

Anyway, seems to be still a muddled mess, he can squeak his way out of without any real consequences to his continued lies.

Brad

[VB1001]

Telling data from @CoinMetrics:

~50% of $BTC’s current realized cap is made up of coins that have a cost basis which is > than current prices. This is down from ~74% which were “in the red” on 1/1/18. Now there's much more solid base of $BTC built up in the $3k-$12K than before

https://twitter.com/chrisrussi/status/1166387580809568256

[HairyMaclairy]

The judge ruled that there was no such thing as the Tulip Trust (it doesn’t exist).  

The judge also ruled that if Craig mined any bitcoins as of 2013, half of them belong to Kleiman.  He hasn’t yet ruled on whether Craig mined any Bitcoins as of that date.

Pursuant to Fed. R. Civ. P. 37(b)(2)(A)(i), the Court deems the following facts to be established for purposes of this action: (1) Dr. Wright and David Kleiman entered into a 50/50 partnership to develop Bitcoin intellectual property and to mine bitcoin; (2) any Bitcoin-related intellectual property developed by Dr. Wright prior to David Kleiman’s death was property of the partnership, (3) all bitcoin mined by Dr. Wright prior to David Kleiman’s death (“the partnership’s bitcoin”) was property of the partnership when mined; and (4) Plaintiffs presently retain an ownership interest in the partnership’s bitcoin, and any assets traceable to them.

REKT


The judge also said he wasn’t going to rule on whether or not CSW was Satoshi because it was irrelevant.

Two preliminary points. First, the Court is not required to decide, and does not decide, whether Defendant Dr. Craig Wright is Satoshi Nakamoto, the inventor of the Bitcoin cybercurrency.2 The Court also is not required to decide, and does not decide, how much bitcoin, if any, Dr. Wright controls today. For purposes of this proceeding, the Court accepts Dr. Wright’s representation that he controlled (directly or indirectly) some bitcoin on December 31, 2013, and that he continues to control some today.

[fillippone]

Who i'd prefer to have BTC1MM:

3-Hal, Andreas, some core devs... (people who deserve it)
...

Hal is long time dead, sadly.

Know more about him: everyone should:
https://101blockchains.com/who-is-hal-finney-bitcoin/

[fillippone]

A little, yet very important for bitcoin, history lesson:

https://wtfhappenedin1971.com/

[Icygreen]

snip

FTFY  

[SuperTA]

How to prepare for the next recession
3 charts showing you when the next recession will probably occur.

The first Chart shows you the yield curve inverted for at least 30 straight days. You can see when this happened before the recession occured not many months after that.

The second chart showing you when the fed lowers interest rates.
The Fed lowered interest rates for the first time after 2008. Whenever this happens it brings the financial crisis in the near future. Financial crisis are marked with the grey area.

The third chart shows you when exactly will this happen. When will the financial crisis officially occur. This always happens when the blue line on the 3rd chart crosses above the yellow line. That happened before, right before 2008 and 2000 crisis.

What to do:
I think that bitcoin will do very well in the financial crisis. Bitcoin was made because of this. I think that gold and silver will do fine as well. Even if the price drops a little bit i think in the middle and the long term bitcoin will outperform every major asset in the world.

Disclaimer: This is just my personal opinion, not the financial advice

[DaRude]

Who i'd prefer to have BTC1MM:

3-Hal, Andreas, some core devs... (people who deserve it)
...

Hal is long time dead, sadly.

Know more about him: everyone should:
https://101blockchains.com/who-is-hal-finney-bitcoin/

Yeah i'm aware that Hal hasn't been with us for past 5yrs now, meant his descendants/whoever has access to his frozen brain

[mindrust]

Just saw this on reddit:


Source

"The charts never lie"

[SuperTA]

Yea, i was trying to find out the method of his/her predictions. After some time of experimenting with many indicators i found out that his/her price and time predictions were perfectly matching the fibonnaci circle indicators. (longterm and the short term combined)

That's how i discovered that the 87,00$ prediction is probably a miss-typed mistake because there is a fibonnaci circle right at the 87.000 usd (november 2020)

[El duderino_]

I posit that hodlers would probably do very well in a marshmallow test (when they were kids). I doubt that anyone here was tested, so....

The question is: who is the strongest btc hodler on WO?
Possible qualifications: never sold any bitcoin (holdling at least since the peak in 2013 or earlier) for fiat and/or alts and forks.
Direct purchasing of things is OK since without spending there would be no btc success story.
Come forward, tell the story and let us admire your persistence against all odds.

First start with your story

[Wilhelm]

$8700 would be a shame indeed  

[mindrust]

Yea, i was trying to find out the method of his/her predictions. After some time of experimenting with many indicators i found out that his/her price and time predictions were perfectly matching the fibonnaci circle indicators. (longterm and the short term combined)

That's how i discovered that the 87,00$ prediction is probably a miss-typed mistake because there is a fibonnaci circle right at the 87.000 usd (november 2020)

WtF all this time I was reading it as 87k, should I panic now?  

*Naah, I'll start panicking after 56k. From 56k to 87 bucks will be a wild ride. (/s)

[SuperTA]

Yea, i was trying to find out the method of his/her predictions. After some time of experimenting with many indicators i found out that his/her price and time predictions were perfectly matching the fibonnaci circle indicators. (longterm and the short term combined)

That's how i discovered that the 87,00$ prediction is probably a miss-typed mistake because there is a fibonnaci circle right at the 87.000 usd (november 2020)

WtF all this time I was reading it as 87k, should I panic now? 

lol, i think not because it's written as 87,00 and not 87.00 (8700 would be 8,700) and 87.000 is right at the november fibonnaci circle, followed by the previous price and time predictions.

[El duderino_]

If bitcoin is an experiment, then so is central banking.

Quantitative easing, negative interest rates, deficit spending, fractional reserve banking and capital controls is an experiments gone off the rails.

Bitcoin makes it look like vaporware.

https://twitter.com/Rhythmtrader/status/1166160655851937792?s=20

[vroom]

recommended site: https://wtfhappenedin1971.com/

[El duderino_]

https://www.metronieuws.nl/in-het-nieuws/2019/08/proef-met-staatswiet-in-tien-gemeenten

Very OT and Dutch written.... but this is about the Holland goverment, doing an experiment of growing there own weed and selling it to the shops .... experiment with 10 Holland cities

[vroom]

https://www.metronieuws.nl/in-het-nieuws/2019/08/proef-met-staatswiet-in-tien-gemeenten

Very OT and Dutch written.... but this is about the Holland goverment, doing an experiment of growing there own weed and selling it to the shops .... experiment with 10 Holland cities

related to your OT:  The Cannabis Blockchain platform https://www.bitcanna.io/

[Wilhelm]

https://www.metronieuws.nl/in-het-nieuws/2019/08/proef-met-staatswiet-in-tien-gemeenten

Very OT and Dutch written.... but this is about the Holland goverment, doing an experiment of growing there own weed and selling it to the shops .... experiment with 10 Holland cities

Yeah those experiments are starting however they have not been received well since they limit THC values.
The customers want the high-potency stuff and not the "Weed-light" or "Childrens-Weed" (Kinderwiet). This leaves a market for the illegal stuff.

However it does prevent the "legal" coffee shops having to buy their product "illegally" which is a good thing. The police tolerate illegal purchase by coffee shops at the moment.
Legal growing makes everything legal, accountable and taxable. Hopefully it will lower the criminal activities surrounding growing weed.

So it is to be seen if it will succeed.... do hope so...  

[SuperTA]

There is an insane huge buy order on the bitmex.

121.369.999 buy order
it was first at 10.120 usd and removed to the higher price 10.130 usd.