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

[JimboToronto]

Good morning Bitcoinland.



I see we had a little dip down into the $8xxx range and now we're back over 9000... currently $9095USD/$12682CAD (Bitcoinaverage).

Veggie seems to be providing support now at least, instead of resistance.

Go Bitcoin go.

[JimboToronto]

Craig sell another block?

Craig Wrong?

[BlackHatCoiner]

Do you believe this fall is because of that 40BTC TX? Why should it affect the price? 

[Raja_MBZ]

On this little pump, I'm thinking of going for a swing trade with a "bit" of my stash. Selling here and buying back at ~$9000 doesn't sound like a very bad idea IMO.

Closed the trade, $300 worth of BTC profit.

[VB1001]

Bitcoin Optech Newsletter

This week’s newsletter relays a request for comments on a proposed change to the BIP341 taproot transaction digest and briefly summarizes discussion about a new and more concise protocol for atomic swaps. Also included are our regular sections describing changes to services and client software, new releases and release candidates, and notable changes to popular Bitcoin infrastructure software.

https://bitcoinops.org/en/newsletters/2020/05/20/


Watching the races from the stands is boring, weird feeling, adrenaline does not wake up.

[JayJuanGee]

Cash is gone baby, cash is gone. #nohomo

I wonder where you live.

I still can use cash, for some strange reason.  Go figure.

LOL, I've stated before where I live, and yes, people around me use cash, it's just there is not much to go around atm.

O.k.   So, now, you are admitting that you can use cash...

Time for a reboot Jay, you're pass the 24hr mark, and that quantum chip of yours needs to discharge for one freaking second.

You should probably call up to grandma to send you down some milk and cookies because you are starting to go even more delirious than you had been.

Probably would be better if she just directed you to more child activities instead allowing you to free-range with adult activities (meaning computers).

[cAPSLOCK]

Lol at all the bitcoiners losing their shit over this non-issue:

It is only interesting insomuch as bitcoin UTXOs (I dunno is a coinbase a UTXO?  same idea though) are less fungible than Facebook shares.

[Hueristic]

Sad and humbling at the same time. Bitcoin has weathered a global pandemic with remarkable strength...yet look at the reaction this is garnering from moving just 50 coin.

One has to wonder at the timing of the move..sure seems to have cooled off the market in a quick hurry.

If I had control of early blocks I would move them around just to get the eco system numb to it.

[cAPSLOCK]

Sad and humbling at the same time. Bitcoin has weathered a global pandemic with remarkable strength...yet look at the reaction this is garnering from moving just 50 coin.

One has to wonder at the timing of the move..sure seems to have cooled off the market in a quick hurry.

If I had control of early blocks I would move them around just to get the eco system numb to it.

Nice subterfuge.  Too bad you lost all the private keys on your boat.

[Elwar]

The more early coins get spent the better for Bitcoin in the long run.

Old coins hanging over everyone's head makes them more significant the higher the price goes.

When an old wallet is the GDP of a country...it affects many lives if someone finally decides to start spending their stash.

[cAPSLOCK]

[...]
This person would have done this for a specific reason most likely.  And I think the likelihood that it has more to do with the CSW claims than anything else is very likely.  As it turns out faketoshi did list this address in their court documents as one he controls.  And the pedophile claims he called CSW to ask if he moved this and faketoshi said no.  

Such a tangled web.  So much fun to watch the weaving.

Indeed a lot of fun cAPSLOCK. The private key holder could have just signed a message instead of actually moving the coins? Think that the 20% fee for a recovery service is quite plausible.

So true. And you know the amount is certainly the best argument for that edge case.  I can only imagine the champaign cork flying when they got he drive back up, or brute forces the encryption or whatever.

[Cryptotourist]

O.k.   So, now, you are admitting that you can use cash...

Huh?
Breaking news, so does the rest of the world!

It's not my fault that you, can't.

You should probably call up to grandma to send you down some milk and cookies because you are starting to go even more delirious than you had been.

I'd love to, but now I can't, make a wild guess why.

Never go full r0ach JJJJJJJ.

Probably would be better if she just directed you to more child activities instead allowing you to free-range with adult activities (meaning computers).

Thanks for the tip, although I fail to see how a laptop can suggest anything of value to a human being.

And since I love bashing your circuitry, please tell me Jay - what is your favorite habit?

[cAPSLOCK]

The more early coins get spent the better for Bitcoin in the long run.

Old coins hanging over everyone's head makes them more significant the higher the price goes.

When an old wallet is the GDP of a country...it affects many lives if someone finally decides to start spending their stash.

Absolutely true.  Which is why I find all the "people need to get over it", and "Why are people making a big deal out of this?" commentary amusing.

It matters, and it is interesting.  And like the Gox coins, or crime, or electricity use, or whatever it is just part of the picture.  Like it or not.

We are getting to live out some of the coolest times... and our words here are etched in that history.  Someone will read this stuff in 2050 and see what we were thinking.  Because it will be sure to stay interesting for a long long time.

[Hueristic]

Sad and humbling at the same time. Bitcoin has weathered a global pandemic with remarkable strength...yet look at the reaction this is garnering from moving just 50 coin.

One has to wonder at the timing of the move..sure seems to have cooled off the market in a quick hurry.

If I had control of early blocks I would move them around just to get the eco system numb to it.

Nice subterfuge.  Too bad you lost all the private keys on your boat.

It was actually a sub accident.

Yellow Sub.

we used to all live there.

[Last of the V8s]

Ringo: ba dum tiss

[Hueristic]

The more early coins get spent the better for Bitcoin in the long run.

Old coins hanging over everyone's head makes them more significant the higher the price goes.

When an old wallet is the GDP of a country...it affects many lives if someone finally decides to start spending their stash.

Not to mention the more the ec o system expands the higher percentage of weak hands.

They will learn by getting a huge green dildo shoved up their ass.

[Hueristic]

Ringo: ba dum tiss

https://www.youtube.com/watch?v=QDYrR7wpP0E

[JayJuanGee]

Satoshis Bitcoin have no chance of being moved until Hal Finney cryogenic preserved body is revived in 100+ years from now. If Hal was Satoshi, they will do everything in their power to bring him back to life when Bitcoin is the global reserve currency.

That would be awesome. It's year 2100, countries around the world were competing for the last 50yrs to be the first one to revive Hal. One finally succeeds.
[...]

In reality, if Bitcoin does take over, Hal Finneys body will be worth more than ANYTHING....just on the mere speculation that he remembers or knows the method of retrieving the private keys.

those early coins will be grabbed when quantum computers of sufficient capacity arrive. 10+ years maybe. so Hal is not needed for the coins. but for his possible knowledge of the true satoshi.. welcome back Hal (i hope).

edit: no i dont want to know who satoshi is. but thats up to Hal. and if thats the reason to thaw him out so be it. i just want him back. he got a raw deal.

I am presuming that Hal is never coming back, in spite of a lot of fantasies about that.

However, let's assume for the sake of argument that Hal was not satoshi or part of satoshi's team.

Then wouldn't it be possible, and maybe even likely, that he did not know who satoshi was, either?

Again, presuming that hal finney was not satoshi or a part of satoshi (not really a light presumption), I have a kind of tentative belief that some day that something is going to leak about who was the actual satoshi... .. but maybe the actual satoshi (or team or whatever) is too much alive and too much still involved in bitcoin that it would be prudent to NOT be leaking any of that information, currently.

[Hueristic]

Well first time I've seen a bf-109.

http://dave.freeinforadar.ch/btcwars/


Vegeta under siege.


^edited bf not mk, losing my memory.

[Torque]

The more early coins get spent the better for Bitcoin in the long run.

Old coins hanging over everyone's head makes them more significant the higher the price goes.

When an old wallet is the GDP of a country...it affects many lives if someone finally decides to start spending their stash.

To play devil's advocate though, so you're saying that old coins are like a "sword of damocles" hanging over the heads of every person that buys BTC now and into the future?

I call BS on that.

Because wait until every 401K owner finds out that for every one of their favor stock-du-jour, some VC investor out there owns hundreds of millions of shares they got for fractions of a penny per share...that they can dump into the market at any time now or in the future.