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

[suda123]

  https://blockchain.info/charts/output-volume  get ready 

What is this

[madmat]

  https://blockchain.info/charts/output-volume  get ready 

Look at the transactions, it is the same 71xx coins moving a lot of times in the same block. Someone wants the price down, and you are playing his game.

https://blockchain.info/fr/address/1xLscGoJcSW7BojkcPuaLB3CHEURdcrPB

[molecular]

BLAM!



dafuuuq?

[smooth]

More precisely it looked like around 10K coins being broken up into 2.5 coin outputs, with only two outputs per transaction (one 2.5 and one huge change). Why that would be done rather than simply creating a whole bunch of 2.5 outputs in one tx (with much lower fees) I have no idea, other than maybe some sort of mempool type attack, or stupidity.

[JayJuanGee]

Vitalik Buterin, the developer and co-founder of crypto 2.0 platform Ethereum and co-founder of Bitcoin Magazine, has received the award at the WTN’s 2014 summit held at the Time & Life building in New York City and joins now the illustrious circle of recipients nominated by the World Technology Network each year. The event has been organized together with Fortune and Time. Besides, Buterin has been involved in multiple crypto projects over the years, including KryptoKit and Dark Wallet. Furthermore, this is not the first time the youthful developer has been rewarded for his efforts: in July this year Buterin benefitted a US$100,000 maintenance grant from Peter Thiel, PayPal co-founder and venture capitalist, which allow him to further progress in his start-up projects, including Ethereum. Multiple prominent industry leaders and companies have received World Technology Awards since the turn of the century, including the likes of Pinterest, Tesla, Skype, Apple, IBM, Amazon and other individuals and organizations that have made their mark in the world of technology. Vitalik Buterin was the only big name in the digital currency industry to win an award at this year’s WTN event.

well done m8 Smiley

hahahahaha


 


sure it is funny how the likes of Mr. Pumperitis ... likes to continuously pump alts in this bitcoin thread, including Ethereum...


and it is also funny how some big industries will also pump alts, to some extent, in order to create impressions of competition with bitcoin... when bitcoin remains the main game in town... and ethereum, if it becomes a contender, is years away from bitcoin... .. will be interesting to see if ethereum is still being pumped in a couple of years... and if it catches up to bitcoin in any ways.. including the computing power behind bitcoin.

http://www.wtn.net/summit-2014/2014-world-technology-awards-winners
dude this isnt a pump...its a realization...an awakening of the crypto masses, all of us have realized btc is not in capable hands anymore. Many smart traders saw this coming months ago(some even yrs ago), if btc fails what should we do...go to fiat or another coin??.
crypto isnt dying ,its evolving  
A coin that does not have the issues btc is having..and if it does have issues in the future "who would fix it"?  people trust VB more than any btc future dev , its that simple

Ok. Sure. So go post your bullshit marketing of etherium and "VB" in another thread.   

What are you trying to do?  Save us from our own btc topic?  Ultimately you are in the wrong thread. And you know it, but you seem to be somehow attempting to either play dumb or to make some stretch of logic to promote your irrelevant pumping of the alt coin in the wrong thread.

[madmat]

More precisely it looked like around 10K coins being broken up into 2.5 coin outputs, with only two outputs per transaction (one 2.5 and one huge change). Why that would be done rather than simply creating a whole bunch of 2.5 outputs in one tx (with much lower fees) I have no idea, other than maybe some sort of mempool type attack, or stupidity.

It is possible than someone wants people to believe Satoshi is back to sell his coins before the hardfork. Market manipulation ? Governance manipulation ? I don't know. The cost of the manipulation is very high, at first sight, thousands of coins.

[molecular]

More precisely it looked like around 10K coins being broken up into 2.5 coin outputs, with only two outputs per transaction (one 2.5 and one huge change). Why that would be done rather than simply creating a whole bunch of 2.5 outputs in one tx (with much lower fees) I have no idea, other than maybe some sort of mempool type attack, or stupidity.

never attribute to malice which can adequately be explained by stupidity

[ChartBuddy]

Coin



Explanation

[Fatman3001]

We should move more up if the eth bubble is deflating.

[BTC_ISTANBUL]

I have been involved mining for almost 3 years.I have read many speculative opinions, accusations, etc including the identity of Satoshi, Variety Jones and other charachters.However, I have got another idea.Many miner manufacturers including Avalon,Bitmain,Bitfury pay the hardware component manufacturers in BTC.This means the manufacturers has a huge BTC reserve.Although the manufacturers do not want to sell at low levels (400 USD is discussably low), but keep them.However if you are obliged to sell what you have at any price to pay for wages,resources and other spenditures.

I do not believe in speculative talks since with every BTC generated volume is increasing and speculation and MANIPULATION is getting harder.

I am not sure but Silkroad's all BTC account is allready being sold out.Is it true?If this is the situation the price may increase to thousand...

[Fatman3001]

Vitalik Buterin, the developer and co-founder of crypto 2.0 platform Ethereum and co-founder of Bitcoin Magazine, has received the award at the WTN’s 2014 summit held at the Time & Life building in New York City and joins now the illustrious circle of recipients nominated by the World Technology Network each year. The event has been organized together with Fortune and Time. Besides, Buterin has been involved in multiple crypto projects over the years, including KryptoKit and Dark Wallet. Furthermore, this is not the first time the youthful developer has been rewarded for his efforts: in July this year Buterin benefitted a US$100,000 maintenance grant from Peter Thiel, PayPal co-founder and venture capitalist, which allow him to further progress in his start-up projects, including Ethereum. Multiple prominent industry leaders and companies have received World Technology Awards since the turn of the century, including the likes of Pinterest, Tesla, Skype, Apple, IBM, Amazon and other individuals and organizations that have made their mark in the world of technology. Vitalik Buterin was the only big name in the digital currency industry to win an award at this year’s WTN event.

well done m8 Smiley

hahahahaha


 


sure it is funny how the likes of Mr. Pumperitis ... likes to continuously pump alts in this bitcoin thread, including Ethereum...


and it is also funny how some big industries will also pump alts, to some extent, in order to create impressions of competition with bitcoin... when bitcoin remains the main game in town... and ethereum, if it becomes a contender, is years away from bitcoin... .. will be interesting to see if ethereum is still being pumped in a couple of years... and if it catches up to bitcoin in any ways.. including the computing power behind bitcoin.

http://www.wtn.net/summit-2014/2014-world-technology-awards-winners
dude this isnt a pump...its a realization...an awakening of the crypto masses, all of us have realized btc is not in capable hands anymore. Many smart traders saw this coming months ago(some even yrs ago), if btc fails what should we do...go to fiat or another coin??.
crypto isnt dying ,its evolving  
A coin that does not have the issues btc is having..and if it does have issues in the future "who would fix it"?  people trust VB more than any btc future dev , its that simple

Ethereum isn't ready to absorb a lot of value yet. At least according to the dev team.

[JayJuanGee]

I find it quit amazing to have over 5 million btc  transmitted in one block and less than .6btc for transaction fees.


Block #394745 https://blockchain.info/block/0000000000000000038503620631d260165c351bd5da432524cf6ab4d98f1418
BTC 5,691,062.06949177 (??)


Also, how does nearly 5.7 million btc get transmitted in one block?

[BTC_ISTANBUL]

My T.A for BTC:

If the price is >370 USD, keep position.
If price is < 370 USD stopp loss.

Cash your profit @465 USD, if there is a close above 470 USD enter position over 470 USD.

Watch for MA (exp), KEEP AN EYE @ Vol.

[madmat]

I find it quit amazing to have over 5 million btc  transmitted in one block and less than .6btc for transaction fees.


Block #394745 https://blockchain.info/block/0000000000000000038503620631d260165c351bd5da432524cf6ab4d98f1418
BTC 5,691,062.06949177 (??)


Also, how does nearly 5.7 million btc get transmitted in one block?

Read the last two pages please.

[JayJuanGee]

We should move more up if the eth bubble is deflating.

Currently eth appears to being pumped. Yes. It should deflate soon, but who really knows. There are a lot of filthy rich people out there who could easily pump eth with their pocket change.

[JayJuanGee]

I find it quit amazing to have over 5 million btc  transmitted in one block and less than .6btc for transaction fees.


Block #394745 https://blockchain.info/block/0000000000000000038503620631d260165c351bd5da432524cf6ab4d98f1418
BTC 5,691,062.06949177 (??)


Also, how does nearly 5.7 million btc get transmitted in one block?

Read the last two pages please.

To me, seems to be a slightly different topic with the details of my above provided link and nearly 5.7 million btc contained in that one block.

[mmortal03]

Bitcoin hash rate surpassed 1 billion gigahashes per second yesterday:
https://blockchain.info/charts/hash-rate?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=1&address=

[BlindMayorBitcorn]

I find it quit amazing to have over 5 million btc  transmitted in one block and less than .6btc for transaction fees.


Block #394745 https://blockchain.info/block/0000000000000000038503620631d260165c351bd5da432524cf6ab4d98f1418
BTC 5,691,062.06949177 (??)


Also, how does nearly 5.7 million btc get transmitted in one block?

Read the last two pages please.

To me, seems to be a slightly different topic with the details of my above provided link and nearly 5.7 million btc contained in that one block.

Don't feel bad. I just woke up. I have no idea what's happening.

[JayJuanGee]

I find it quit amazing to have over 5 million btc  transmitted in one block and less than .6btc for transaction fees.


Block #394745 https://blockchain.info/block/0000000000000000038503620631d260165c351bd5da432524cf6ab4d98f1418
BTC 5,691,062.06949177 (??)


Also, how does nearly 5.7 million btc get transmitted in one block?

Read the last two pages please.

To me, seems to be a slightly different topic with the details of my above provided link and nearly 5.7 million btc contained in that one block.

Don't feel bad. I just woke up. I have no idea what's happening.

Probably my own false alarm in raising the question because I don't understand all of the descriptions in the blocks total output and transaction volume.

I reviewed and identified some other blocks with real high total btc  outputs in the millions of btc. So doesn't seem to be as unusual as I was making it out to be.

[ChartBuddy]

Coin



Explanation