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

[Gachapin]

Bitcoin supply is diminishing…

luckily for buyers, 180k previously locked Bitcoins will enter the market, probably this year...

Still less than half a year of block rewards though...

If I had gox coins returned I wouldn't sell at these shit prices. I'd wait until near the next ATH unless I needed money so badly that I had no choice but to sell.

I doubt all those coins will get dumped immediately.

Also, they moved the repayment deadline a few times already, and might do again.

https://www.mtgox.com/img/pdf/20230407_announcement_en.pdf

Please also note that, in consideration of various circumstances, the above deadline might be extended with the permission of the Tokyo District Court, or a different deadline might be set for
some of the repayments with the permission of the Tokyo District Court.

Yes, I think people who decided to receive BTC are probably not planning to dump soon (in general).  

But for those who decided to receive fiat Kobayashi will sell coins..  I don't even remember if he sold otc last time...

I thought he had already dumped enough coins in late 2017 to pay off the fiat. Does he still need to dump more?

afaik yes.

After that dump he said

I plan to consult with the court and determine further sale of BTC and BCC.

https://www.ccn.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/



The creditors could choose until lately how much fiat they wanna receive... so on that it depends I think
https://bitcoinist.com/bitcoin-repayments-from-mt-gox-begin/

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Heater]

I don't  buy the whole anti-Gensler sentiment...
He certainly knows his stuff.  His MIT lectures "Blockchain and money" are among the best on the topic out there.

MIT 15.S12 Blockchain and Money, Fall 2018 MIT OpenCourseWare
https://www.youtube.com/watch?v=EH6vE97qIP4&list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn


I tend to think Gensler is good for Bitcoin and bad for shitcoins...

There is a quite reasonable explanation why he wasn't answering the mEth questions in the hearing straightly.
That is, his agency is probably building a case against mEth.

SEC Coming For Your Crypto (Ethereum)
https://www.youtube.com/watch?v=ldcRstRjMqQ

That was painful to watch. Gensler's interaction with the audience is so awkward - he can’t pronounce their names properly, he can't even remember their names, asks questions they can't answer etc. Just terrible.

Compare him to the masterful performance of Michael Sandel here: https://www.youtube.com/watch?v=kBdfcR-8hEY
Well, there is no comparison.

[ChartBuddy]

Explanation

[RTR~]

Hello guys I am new to bitcoin forum. Can I post bitcoin related posts on this board? If your answer is no. Then what can I do to get permission to post?

[BobLawblaw]

Well that one is going straight to ignore...

[ChartBuddy]

Explanation

[darkangel11]

If I had gox coins returned I wouldn't sell at these shit prices. I'd wait until near the next ATH unless I needed money so badly that I had no choice but to sell.

I doubt all those coins will get dumped immediately.

It reminds me of the time when there were BTC auctions taking place in the bear market of 2014 (first silk road coins being sold) and all the media outlets were screaming FUD to prepare for the biggest dump since GOX and what happened? Nothing!
The price on auction was higher than the spot price and everybody was stunned "how come someone paid more than the price on exchange? WTF?" and people who were buying just wanted to get it in bulk, avoiding vulnerable exchanges, because at the time Chinese exchanges were shutting down, GOX went bankrupt and government auction was actually a safe choice if you wanted to spend 20 million.
Nobody goes through all that effort to just dump the coins on spot market and lose money.
More sanity people, less FUD.

[Gachapin]

I don't  buy the whole anti-Gensler sentiment...
He certainly knows his stuff.  His MIT lectures "Blockchain and money" are among the best on the topic out there.

MIT 15.S12 Blockchain and Money, Fall 2018 MIT OpenCourseWare
https://www.youtube.com/watch?v=EH6vE97qIP4&list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn


I tend to think Gensler is good for Bitcoin and bad for shitcoins...

There is a quite reasonable explanation why he wasn't answering the mEth questions in the hearing straightly.
That is, his agency is probably building a case against mEth.

SEC Coming For Your Crypto (Ethereum)
https://www.youtube.com/watch?v=ldcRstRjMqQ

That was painful to watch. Gensler's interaction with the audience is so awkward - he can’t pronounce their names properly, he can't even remember their names, asks questions they can't answer etc. Just terrible.

Compare him to the masterful performance of Michael Sandel here: https://www.youtube.com/watch?v=kBdfcR-8hEY
Well, there is no comparison.

you watched 23 lectures each 1h + ....wow

So how would you evaluate the accuracy of technical and monetary aspects brought up in said MIT course "Blockchain and money" ?

If I had gox coins returned I wouldn't sell at these shit prices. I'd wait until near the next ATH unless I needed money so badly that I had no choice but to sell.

I doubt all those coins will get dumped immediately.

It reminds me of the time when there were BTC auctions taking place in the bear market of 2014 (first silk road coins being sold) and all the media outlets were screaming FUD to prepare for the biggest dump since GOX and what happened? Nothing!
The price on auction was higher than the spot price and everybody was stunned "how come someone paid more than the price on exchange? WTF?" and people who were buying just wanted to get it in bulk, avoiding vulnerable exchanges, because at the time Chinese exchanges were shutting down, GOX went bankrupt and government auction was actually a safe choice if you wanted to spend 20 million.
Nobody goes through all that effort to just dump the coins on spot market and lose money.
More sanity people, less FUD.

what do I know.. we will see how many coins Kobayashi will dump for fiat... if any

If I remember correctly, last time he sold them on an exchange it wasn't really clear if he used the otc desk there..

[ChartBuddy]

Explanation

[d_eddie]

happy 420 gentlebeings!

Starship launch attempt #2       t-minus 30m
https://www.youtube.com/watch?v=-1wcilQ58hI

I have a box of punch dark mint chocolate 225 mg of thc.

I will consider eating one small piece for 420.

Blitzed the shit is strong.

  eating is so much more psychedelic than smoking imo...

I fucked up big time
Lasting an eternity
Fucked up me, long time




#haiku

[ChartBuddy]

Explanation

[Torque]

Pretty obvious the "Sell in May and go away" phenom came early to Bitcoin.

Again.

It's laughable at this point the yearly regularly of these buying/selling patterns. 

[darkangel11]

what do I know.. we will see how many coins Kobayashi will dump for fiat... if any

If I remember correctly, last time he sold them on an exchange it wasn't really clear if he used the otc desk there..

Nobody knows that but it would be in his interest not to crash the market should he decide to sell on one of the centralized exchanges.
Spot markets can handle a lot of coins unless you really want to crash like that someone (CZ's trading desk?) who dumped on Binance a few days ago. When you know you're going to lose money doing it but still go through you must have other long-term goals in mind.

[bitcoinPsycho]

Hello guys I am new to bitcoin forum. Can I post bitcoin related posts on this board? If your answer is no. Then what can I do to get permission to post?

You don't need permission to post.  

Tell us how you got into bitcoin and tell us your bitcoin story 😉 also what is your motivation for posting here?

[ChartBuddy]

Explanation

[Gachapin]

happy 420 gentlebeings!

Starship launch attempt #2       t-minus 30m
https://www.youtube.com/watch?v=-1wcilQ58hI

I have a box of punch dark mint chocolate 225 mg of thc.

I will consider eating one small piece for 420.

Blitzed the shit is strong.

  eating is so much more psychedelic than smoking imo...

I fucked up big time
Lasting an eternity
Fucked up me, long time




#haiku

that's the spirit yo
I hope you had fun big time
livin' the good life


++++
one extra haiku
one thousand two hundreds post
congrats to myself
 

[ChartBuddy]

Explanation

[Bitcoin_people]

The IMF wrote up a list of their top 10 complaints about El Salvador. #BitcoinBTC Bonds are #1. 😎


https://twitter.com/Excellion/status/1649273363272179714?t=ftAemCCwqgusKjuD_2EW2w&s=19