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

[Phil_S]

We'll Bart again
Don't know where
Don't know when

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[HI-TEC99]

you are so late Buddy

$31,000

$30,000

Around here we use Bitstamp, not Binance.

Bitstamp and Coinbase are the only exchanges left that didn’t close my account for no reason. I suspect that regulators are doing all they can to push crypto from the reach of Americans. I look forward to the pendulum swinging the other direction when this nonsense is finally given up. Who cares though… We’re back to pushing on $30K and faster than I’d figured we would.

Did Gemini close your account?

Does Bitstamp demand excessive KYC from you?

i hate gemini, the product of the twins was highly regulated.

What's up with it?

Bob gave it good reviews.

[HI-TEC99]

With the mtgox funds on the move the market appears to be a little spooked that distribution is going to result in a price crash. Investors apparently trying to get ahead of this love caused a price drop of nearly 10%. Very interesting to see the market so sensitive to the news cycle. I guess people really think a lot of the gox BTC is going to hit the market.

It was bogus news.

https://decrypt.co/138086/bitcoin-plunges-7-in-an-hour-to-under-28000-as-mt-gox-us-gov-wallets-move

Bitcoin Plunges 7% in an Hour to Under $28,000 as Arkham Sends Erroneous Mt. Gox Alert
Blockchain analytics firm Arkham said wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved large amounts of Bitcoin. But the alert was the result of a "bug fix."

Editor's note: This story and its headline were updated after publication to clarify that Arkham's Mt. Gox alert was sent out in error.

https://tokenist.com/bitcoin-collapses-2k-as-us-govt-and-mt-gox-wallets-allegedly-awake/

Bitcoin Collapses $2K+ After False Alarm Sends Traders Panicking

Editorial note (April 26th, 2023, 5:48 PM EST): A paragraph on Arkham’s statement was added.

[xhomerx10]

Heads up American hodlers!

 https://techcrunch.com/2023/04/26/hackers-are-breaking-into-att-email-accounts-to-steal-cryptocurrency/

 
  Hackers are breaking into AT&T email accounts to steal cryptocurrency


" Unknown hackers are breaking into the accounts of people who have AT&T email addresses, and using that access to then hack into the victim’s cryptocurrency exchange’s accounts and steal their crypto, TechCrunch has learned.

At the beginning of the month, an anonymous source told TechCrunch that a gang of cybercriminals have found a way to hack into the email addresses of anyone who has an att.net, sbcglobal.net, bellsouth.net and other AT&T email addresses.

According to the tipster, the hackers are able to do that because they have access to a part of AT&T’s internal network, which allows them to create mail keys for any user. Mail keys are unique credentials that AT&T email users can use to log into their accounts using email apps such as Thunderbird or Outlook, but without having to use their passwords.

With a target’s mail key, the hackers can use an email app to log into the target’s account and start resetting passwords for more lucrative services, such as cryptocurrency exchanges. At that point it’s game over for the victim, as the hackers can then reset the victim’s Coinbase or Gemini account password via email.

The tipster provided a list of alleged victims. Two of the victims replied, confirming they have been hacked..."


  Thanks for the timely warning!

[coolcoinz]

It was bogus news.

Always good to see day traders are keeping their sweaty fingers on the buttons.

[ChartBuddy]

Explanation

[d_eddie]

volatility is a thing today it appears....hang on to your pants gentlemen

Stop it will you? Last time one WOer talked about pants, I was left without them.

[goldkingcoiner]

With the mtgox funds on the move the market appears to be a little spooked that distribution is going to result in a price crash. Investors apparently trying to get ahead of this love caused a price drop of nearly 10%. Very interesting to see the market so sensitive to the news cycle. I guess people really think a lot of the gox BTC is going to hit the market.

It was bogus news.

https://decrypt.co/138086/bitcoin-plunges-7-in-an-hour-to-under-28000-as-mt-gox-us-gov-wallets-move

Bitcoin Plunges 7% in an Hour to Under $28,000 as Arkham Sends Erroneous Mt. Gox Alert
Blockchain analytics firm Arkham said wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved large amounts of Bitcoin. But the alert was the result of a "bug fix."

Editor's note: This story and its headline were updated after publication to clarify that Arkham's Mt. Gox alert was sent out in error.

https://tokenist.com/bitcoin-collapses-2k-as-us-govt-and-mt-gox-wallets-allegedly-awake/

Bitcoin Collapses $2K+ After False Alarm Sends Traders Panicking

Editorial note (April 26th, 2023, 5:48 PM EST): A paragraph on Arkham’s statement was added.

We should write them a thank you letter for the cheap coin.

[BobLawblaw]

Stop it will you? Last time one WOer talked about pants, I was left without them.

https://www.imdb.com/title/tt0810709/
Pants-Off Dance-Off
TV Series
Shedding their clothes down to their skivvies while dancing to popular music videos gives some the chance to win bragging rights and cash.

[ChartBuddy]

Explanation

[HI-TEC99]

Observing $29k.

[AbuBhakar]

Hahaha. I didn’t sold nor purchased Bitcoin on the current bull run. I gain my Bitcoin through my signature campaign earnings that I’m still holding on my hardware wallet.

I post the picture of the chart as reference so that my comment will not be taken as I’m obsessed for Bitcoin to go down and made an introduction about TA as self fulfilling prophecy. Tbh, I really like to purchased Bitcoin on low price but I’m just trying to express what’s the best scenario for Bitcoin to pump organically ofc in my humble opinion.

But yeah, Pumping the price straight to 30K above is not a problem to me as well because I still hold my Bitcointalk Savings Bitcoin.  

Ok... Fair enough.  

Since we are in a public thread, sometimes there are needs to attempt to verify these matters and also to clarify.

One thing that I will point out (and highlight)...

Historically, some members have become somewhat obsessed with ideas that they need to preserve their KYC and to earn their bitcoin and a lot of that kind of bullshit that ends up causing them to fail/refuse to sufficiently/adequately stack enough cornz in the event that BTC prices might happen to end up going up.

Each of us needs to strive to figure out how much of my lil precious we believe to be enough to adequately/sufficiently prepare us for UP in accordance with our own circumstances, and in the event that up ends up happening.

and perhaps looking at it every quarter or two in order to consider if the amount should be adjusted upwards or downwards or whatever in accordance with ongoing assessments of the variables within personal financial and psychological circumstances.

Totally agreed on this. I already learn too much lesson on Bitcoin hodling. I always set aside Bitcoin that I purchased or accumulate on an air gap wallet and considered it out of the picture when I accumulate more for some time. This way, the price point which I buy my old BTC doesn't matter and have a fresh start on buying for the next batch and do some TA shit like what I did. This way I can be happy at the same time no matter what the price direction is because I already secured my position either way.

Buy when dump and sell when the price hit my target which is the new ATH. I set my sell order on new ATH while buy order on the short term that appropriate to the trend.



Someone playing on charts to cause a huge Doji on daily candle. Government, Binance, Mt Gox???


30K again!!!!

[Gachapin]

at least we could verify that there are plenty of traders going to dump when gox coins get released.

on top of that kind of dump real selling pressure from the gox coins themselves might occur.
 
But I doubt that even half (80k BTC) of the gox coins will be sold on the market.

Together with the silkroad auctions (41k BTC) let's say it might reach 80k-100k BTC sold over the time span of one year (that's about 3.0-3.7 months of mining rewards)

However, in comparison it won't be as critical as the Luna dump.  That time 80k coins were sold within just one week. price went from approx. 38k to 25k.  
So having about the same amount distributed over a year or so won't do much to the price I guess...

I'm much more concerned with the speculative selling, just like today.  That might affect the market more than the actual gox or silkroad coins.  



On the contrary, since today everyone will expect a massive dump when gox coins get released.  so the market might make an opposite move and pump.
but I'd give that scenario a way lower probability...

[HI-TEC99]

at least we could verify that there are plenty of traders going to dump when gox coins get released.

on top of that kind of dump real selling pressure from the gox coins themselves might occur.
 
But I doubt that even half (80k BTC) of the gox coins will be sold on the market.

Together with the silkroad auctions (41k BTC) let's say it might reach 80k-100k BTC sold over the time span of one year (that's about 3.0-3.7 months of mining rewards)

However, in comparison it won't be as critical as the Luna dump.  That time 80k coins were sold within just one week. price went from approx. 38k to 25k.  
So having about the same amount distributed over a year or so won't do much to the price I guess...

I'm much more concerned with the speculative selling, just like today.  That might affect the market more than the actual gox or silkroad coins.  


...

The government already dumped 10k silkroad bitcoins in March without crashing the market.

link

The government already sold around 10,000 Bitcoin in mid-March but that move had no significant effect on the market.

[Gachapin]

almost back to 30k...

damn sentiment...  too many market participants behave like a flock of scared pigeons

The government already dumped 10k silkroad bitcoins in March without crashing the market.

https://tokenist.com/bitcoin-collapses-2k-as-us-govt-and-mt-gox-wallets-allegedly-awake/

The government already sold around 10,000 Bitcoin in mid-March but that move had no significant effect on the market.

right.  it may have slowed the pump a bit that time, but nothing more than a blip... Now only 41k left to sell.

any US bank failing will produce way more buys than 10k imo


So gox and silkroad are pretty much a nothing burger... apart from the sentiment it might create... as seen today

[TrustedBitcoiner]

you guys watching this!  

https://www.youtube.com/watch?v=6lutNECOZFw

[ChartBuddy]

Explanation

[Torque]

When you will (soon) see the Tech sector begin to rally and take off, like it has in the past...

...then you will realize what all this silly ChatGPT/OpenAI/Bard shit over the past year has really been about.

All it will need is a little push (cheap debt).



_{plant the seeds...the next big thing...plant the seeds...}

[Mr.corol]

Bitcoin is math


Source. https://twitter.com/BitcoinNewsCom/status/1651391350900682752?t=3x9b7wwMfmmeNncwj_RwwA&s=19

[Gachapin]

When you will (soon) see the Tech sector begin to rally and take off, like it has in the past...

...then you will realize what all this silly ChatGPT/OpenAI/Bard shit over the past year has really been about.

All it will need is a little push (cheap debt).



_{plant the seeds...the next big thing...plant the seeds...}