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

[unknown04]

Bueno me parece que la posición que esta asumiendo en relación a los precios del bitcoin es la mas aceptada, espero que la difusión relacionado con la manera de llegar a los inversionistas de los países latinoamericanos sea mas intensa y mejor expresada para levantar el interés de la comunidad.

"Well I think that the position that is assuming in relation to bitcoin prices is the most accepted, I hope that the diffusion related to the way to reach the investors of the Latin American countries is more intense and better expressed to lift the interest of the community."

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[kehtolo]

Ok, Lets not freak out just yet...

Just a couple of weeks ago.. I saw the BTC market cap (i hate that term!) pass the old ATH 13,6B

Then it passed 14,15,16, (then the hit articles started coming) 17, 17.5 - touching Gold now.. passing it.. 18 Bn.. 18. something billion....
then a correction.
All so fast..

Then back at 16.75 now.

What's the problem again?

It's gone back over $1000 for the last few hours, and it was below $600 last summer. There is no problem. The bears say it might go down to $700 or $800 before more up, and the bulls say more up with little to no ore retrace. Either way it's going up in the long run.

I'm bullish as hell and can see it bouncing around 900-1100 range for the next 1-3 months. (or it could Moon next week or two)
I would have no problem with that. I was happy when we were sitting at 750.. This is from the supply shock from halving.
This is supposed to happen.
The higher we float while we consolidate here.. then whopeee.
14B or 18B - i don't care.. so long as transaction# and hash rate and difficulty are rising.. its all good.
Price is a side effect. Buy cheap as you can, by all means.
Long term 4-8 years (2x block reward halving events) if it's all still working..if you can hodl on that long..
Then its a binary thing..

Give me Moon or give me hell...

[Killerpotleaf]

Bitfinex data shows Longs positions went down 11,000BTC during the drop,

I believe we have witnessed a long shake out, presumably poeple set "stop gain" orders, then price fell, which triggered the some of the longs stop loss, which pushed price futher down, which triggered more stop loss/gain. ( which is why the drop was so fast and furious )

a few more shorts have built up during the flash crash. shorts have been rather high ( and slowly building ) ever since 815ish.

overall i am glad to see longs take profit, little surprised at how much was wiped off the table, but this is gr8.

[kehtolo]

Bitfinex data shows Longs positions went down 11,000BTC during the drop,

I believe we have witnessed a long shake out, presumably poeple set "stop gain" orders, then price fell, which triggered the some of the longs stop loss, which pushed price futher down, which triggered more stop loss/gain. ( which is why the drop was so fast and furious )

a few more shorts have built up during the flash crash. shorts have been rather high ( and slowly building ) ever since 815ish.

overall i am glad to see longs take profit, little surprised at how much was wiped off the table, but this is gr8.

Long shake out is right...

It shows how thinly overall this market really is.. but we know this.. this is bitcoin.

Sadly i'd no fresh fiat waiting.. but my girlfriend did!!!.. at €950 and €850..
She did well.. I could only sit at work watching red candles growing longer.. coins locked up at home.

And now? <insert meme of woman crying here> my bitcoins are only worth what they were worth 4 days ago (after a good rise)...

[ACAB]

That dump just killed me. I  got margincalled for 1 btc. And now I bet its going to only go up. So shitty.

[Killerpotleaf]

That dump just killed me. I  got margincalled for 1 btc. And now I bet its going to only go up. So shitty.

the 1010 to 970 plunge? ya man that sucks, 5% swings are way more then likely at this time.

WAaaaa 965, thats fucking nice, really getting that urge to hit buy.

[BlindMayorBitcorn]

Yaaaayyyy!!! ... OMG!!! We are having correction...    

 

Or this is the beginning of another year long bear market. Remember that? Imagine.

[jofus]

Starting to look like a dead cat 

[coolbeans94]

Since this is a speculation thread, I'm calling 10,000 in the next 24 hours... Grab (another) bag of popcorn folks.

Wow. I was totally wrong. Haha. 

[kehtolo]

Since this is a speculation thread, I'm calling 10,000 in the next 24 hours... Grab (another) bag of popcorn folks.

Wow. I was totally wrong. Haha. 

oh well.. based on this..

how much you sellin' popcorn for?


*Don't worry..2017 shall be the year that i'll be munching on FOMO Popcorn..
off to a good start, so far i'd say..

[Killerpotleaf]

[kehtolo]

Someone with much better skills than me, please make a meme out of

"dumbing for dummies...

   ..a guide for normies"

[yefi]

I would say that Wright went this route because he knew that his buddy who died (right around the time Satoshi said he had to leave to do other things) was Satoshi. Knowing this, he could claim to be Satoshi knowing the real Satoshi would never reveal himself. But he doesn't have the private keys. If he did he would have proved he was Satoshi long ago.

On penalty of rehashing old ground, where is the evidence that Kleiman ever was his buddy? Because Wright said or implied so? Wright is the kind of guy who'd read an obituary and tell you he knew the deceased intimately if he thought he could scrounge a penny (imho).

[savetherainforest]

Yaaaayyyy!!! ... OMG!!! We are having correction...    

 

Or this is the beginning of another year long bear market. Remember that? Imagine.

It is too bullish! ... The emotional state of things suggests that the price of $900 - 1000$ is like a thing imprinted on the skulls of the hodlers!



I base my assumptions on chaos and the unstable emotional state of mind of people. That's just pure logic for me!

So... there is too much greed in this world and monetary devaluation in countries fighting each other to compete for cheaper exports to just squeeze that turnip hard enough till it squeals.



Btw... I don't know if I read all the comments properly, especially the long ones (aka. "made a la JJG" ), but... that rate hike to 45% in China.  

[simmo77]

I would say that Wright went this route because he knew that his buddy who died (right around the time Satoshi said he had to leave to do other things) was Satoshi. Knowing this, he could claim to be Satoshi knowing the real Satoshi would never reveal himself. But he doesn't have the private keys. If he did he would have proved he was Satoshi long ago.

On penalty of rehashing old ground, where is the evidence that Kleiman ever was his buddy? Because Wright said or implied so? Wright is the kind of guy who'd read an obituary and tell you he knew the deceased intimately if he thought he could scrounge a penny (imho).

So, remind me again how many Bitcoins Satoshi is supposed to have mined/owns?

[BlindMayorBitcorn]

I would say that Wright went this route because he knew that his buddy who died (right around the time Satoshi said he had to leave to do other things) was Satoshi. Knowing this, he could claim to be Satoshi knowing the real Satoshi would never reveal himself. But he doesn't have the private keys. If he did he would have proved he was Satoshi long ago.

On penalty of rehashing old ground, where is the evidence that Kleiman ever was his buddy? Because Wright said or implied so? Wright is the kind of guy who'd read an obituary and tell you he knew the deceased intimately if he thought he could scrounge a penny (imho).

So, remind me again how many Bitcoins Satoshi is supposed to have mined/owns?

To whom it may concern,
CC: Dr Craig Wright

I acknowledge the trust and the transfer of Bitcoins to this trust. I have full control of all software
and the keys used to manage bitcoin as of this date, Thu 06/09/2011.

It is agreed that:

David Kleiman, shall become the trustee for the transfer of the satoshi I have received from Craig
Wright.

No record of this transaction will be filed in the US or Australia.

The transfer is valued at USD 100,000 for Australian Tax purposes.

I acknowledge:

Dave Kleiman have received 1,100,111 Bitcoin from Craig Wright (of?Bagnoo,
NSW Australia). At the time of transfer this is valued at around $100,000 USD.

I will form a trust to be managed by at least three people but not more than seven at any time.
All Bitcoin will be returned to Dr Wright on Jan 01St 2020.

The return will be in the form of a return of control of a company to Dr Wright. The company and
trust will be managed and held in the Seychelles. This will be designated by ?Tulips? and the trading
that was noted to have not been a bubble but

No record of this arrangement will be made public at any time.

Dr Wright has noted that he is facing bankruptcy due to the following and that he understands
moving assets (at value) in a manner that he cannot access may be a breach of Australian law if he
fails to provide information on these assets. This would be in the event of an insolvency.

Dr Wright has noted that he has agreed to forgo other assets to maintain these assets and has
agreed with his wife, Ms Wright that they he will maintain the Bitcoin at the expense of all
other assets he may have a right to.

The trust MUST hold a balance of at least 100,000 Bitcoin at transfer to Dr Wright in 2020 and all
means to ensure this will be followed.

Dr Wright MAY request a loan of Bitcoin for the following reasons (and no others):

0 Furthering research into peer to peer systems, and Bitcoin
0 Commercial activities that enhance the value and position of Bitcoin.

In all events, all transactions in loaned funds will be concluded outside of Australia and the USA until
and unless a clear and acceptable path to the recognition of Bitcoin as currency has occurred.

The trust will be accessible by two (2) of five keys of which the following are to always be
incorporated into this (by PGP fingerprint):

56EC 672A 6867 266A 5E21 1514 AODA OEBZ E545 E878
DBB7 E697 59EF D7FE EB4C F518 4FF1 CFEB C941 FE6D

[Searing]

I would say that Wright went this route because he knew that his buddy who died (right around the time Satoshi said he had to leave to do other things) was Satoshi. Knowing this, he could claim to be Satoshi knowing the real Satoshi would never reveal himself. But he doesn't have the private keys. If he did he would have proved he was Satoshi long ago.

On penalty of rehashing old ground, where is the evidence that Kleiman ever was his buddy? Because Wright said or implied so? Wright is the kind of guy who'd read an obituary and tell you he knew the deceased intimately if he thought he could scrounge a penny (imho).

Don't disagree but Craig Wright has a group making bitcoin patents for 2020 when supposedly he will have access to 1 million BTC as a trust. (If he was part
of the 3 man group etc)...I give it 1/2% chance of true...but if so...man the guy has a grudge...I bet he dumps it all out of spite

[Holliday]

I bet he dumps it all out of spite

Good. It would be one less thing the naysayers could constantly whine about. It can only affect the market once, and that's it.

That said, no fucking way is that dude satoshi. He was babbling incoherent stuff trying to sound smart on a panel where Nick Szabo is looking at him like, "WTF?"

[simmo77]

<snip> But he doesn't have the private keys. If he did he would have proved he was Satoshi long ago.

In your opinion (and anyone else who wants to add their 2c worth), do you think that Satoshi's private keys will ever be recovered? (assuming he is not around any more).


* My apologies if this is a topic that has been done to death. Bitcoin is just a hobby for me, I run a business which takes up most of my time and attention, I'm on holidays at the moment which means i've had more time to read this thread. I only resurrected my account in the past few months because of the price rise.
I'm a firm believer - but I don't have anywhere near the amount of time that most of the posters here seem to have to dedicate to all the history/mythology/speculation/theorising etc etc.    

[yefi]

So, remind me again how many Bitcoins Satoshi is supposed to have mined/owns?

Why do you ask? I certainly didn't mean to suggest Kleiman was Satoshi. Couldn't he just be some random dead guy who fits the profile Wright was looking for? Conveniently, dead guys aren't much for talking...

edit: Estimates vary, probably between half to one million.

Don't disagree but Craig Wright has a group making bitcoin patents for 2020 when supposedly he will have access to 1 million BTC as a trust. (If he was part
of the 3 man group etc)...I give it 1/2% chance of true...but if so...man the guy has a grudge...I bet he dumps it all out of spite

I give it about a 1 in 7 billion probability.