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

[simmo77]

Why do you ask?

It affects supply if Kleiman was Satoshi, and his private keys are buried treasure/unrecoverable

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[JayJuanGee]

I have a "feeling" that we are going to move towards the $1,034 sell wall.. and who knows what is going to happen?  Anyone?

Typically walls get pulled rather than eaten.

That could be true, generally speaking, but in the past several weeks, I have seen a lot of sell walls eaten the fuck up.  So we will have to wait and see.  That sell wall has been there for about 8 hours or so, and it is still there... so I get the sense that it is real and I am fairly optimistic about it getting eaten, once the price get's close enough.

[Sundark]

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

Satoshi is believed to own about 7.5% of the entire bitcoin inventory, it is roughly 1/13 of all coins.

[JayJuanGee]

I had noticed this spamming of the blockchain,

The market is making the largest moves that it has made in years. Why do you classify transaction demand as spamming? Does it not make sense that times of great market volatility might be times that people might be genuinely desiring to move their BTC either on- or off- exchanges?

I doubt it...   The most plausible explanation is spam, especially if you look at the level of the spike.

people with big blocker agendas tend to want to view plausible facts and theories in order to attempt to suggest that there is something wrong with bitcoin due to organic growth..   

I will admit that there may be something wrong with bitcoin in the sense that it is difficult to prevent spam attacks, but making the blocks bigger is not going to solve that particular issue.

[savetherainforest]

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

Satoshi is believed to own about 7.5% of the entire bitcoin inventory, it is roughly 1/13 of all coins.

You people keep spewing these facts "randomly" but for me they are irrelevant! ... "Satoshi" will not dump!
And I know that for certain because a person that would invent something like this is someone striving for power and he/she is always in a permanent conflict of good and evil, right and wrong or light & darkness. A mind that can do both, a mind that has the power but doing harm or not depends on the circumstance. And I don't see from his/her perspective that doing harm or well being to others or to the world would be something that would leave any feeling behind after said action is performed. He/she seems to be a logical person that seeks a higher power of being.  

[kurious]

He and a group of investors are making patents on btc as we speak. He claims in
2020 he will be allowed 1 mil btc trust. If so imho we are screwed if true. He hates all
 now. Press,us all for not believing it was Satoshi if he is him. He will flush the works imho.

If the 1/2% chance it is true he is Satoshi or the last living of the supposed 3 man group that
Made btc. He's the btc boogieman long shot nightmare. (Damn scared stuff)

No, you got it all wrong. I'm bloody Satoshi. Don't believe me? Well, I don't have to provide bloody evidence. Show me I'm not or I fucking walk. I don't give a shit! Show me or bullshit! Fuck off, fuck off, fuck off!

Jeeez - he says 'Fuck off' about 8 times in a row at one point.  He is a dislikeable, nasty man and his dissembling and avoidance of obvious questions (PGP key, proof of the coins being his etc.) AFTER he CLAIMED to be Satoshi is simply risible.

If that is Satoshi, I am Queen Elizabeth II.

[simmo77]

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

Satoshi is believed to own about 7.5% of the entire bitcoin inventory, it is roughly 1/13 of all coins.

You people keep spewing these facts "randomly" but for me they are irrelevant! ... "Satoshi" will not dump!
And I know that for certain because a person that would invent something like this is someone striving for power and he/she is always in a permanent conflict of good and evil, right and wrong or light & darkness. A mind that can do both, a mind that has the power but doing harm or not depends on the circumstance. And I don't see from his/her perspective that doing harm or well being to others or to the world would be something that would leave any feeling behind after said action is performed. He/she seems to be a logical person that seeks a higher power of being.  

Come on mate, re-read what you just wrote....

You derided people for "Spewing facts randomly" - Sundark said "is believed to" and "roughly"... hardly stating fact.

Then you said "I know for certain" that Satoshi will not dump, when clearly you don't, and then spouted a bunch of stuff that was reminiscent of a religious sermon to back up your assertion.

[savetherainforest]

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

Satoshi is believed to own about 7.5% of the entire bitcoin inventory, it is roughly 1/13 of all coins.

[...]

You derided people for "Spewing facts randomly" - Sundark said "is believed to" and "roughly"... hardly stating fact.

[...]

He implied the amount as if something would have happened with that said amount.


So... nothing will happen! ... That is just future nest egg.

And for what I'm concern the guy maybe wants to build a pyramid with that money? Why should I care? He created it, he got a share of it, he has got his well deserved due diligence for the gift he offered to the world!

[Cassius]

He and a group of investors are making patents on btc as we speak. He claims in
2020 he will be allowed 1 mil btc trust. If so imho we are screwed if true. He hates all
 now. Press,us all for not believing it was Satoshi if he is him. He will flush the works imho.

If the 1/2% chance it is true he is Satoshi or the last living of the supposed 3 man group that
Made btc. He's the btc boogieman long shot nightmare. (Damn scared stuff)

No, you got it all wrong. I'm bloody Satoshi. Don't believe me? Well, I don't have to provide bloody evidence. Show me I'm not or I fucking walk. I don't give a shit! Show me or bullshit! Fuck off, fuck off, fuck off!

Jeeez - he says 'Fuck off' about 8 times in a row at one point.  He is a dislikeable, nasty man and his dissembling and avoidance of obvious questions (PGP key, proof of the coins being his etc.) AFTER he CLAIMED to be Satoshi is simply risible.

If that is Satoshi, I am Queen Elizabeth II.

I find it extremely hard to believe that Wright is Satoshi. Apart from failing to provide the proof he promised he would, his communication style is completely different to the Satoshi on the forums and email list. Wright is rambling and messy, if bright. Asking us to believe that the same person wrote his blog posts and did those interviews is like suggesting Charles Dickens would finish a book with 'lol kthxbye' or that JJG would write a haiku instead of a wall of text.
I also doubt whether those early 1m BTC will ever move. The long article in LRB fills out a lot of detail about Wright. It seems most likely to me that he was involved, perhaps tangentially, at the beginning, communicated with Kleiman (maybe Finney and others) at the beginning, but had no keys. Then he overplayed his hand and no one believes a word he says any more.

[harrymmmm]

Thank god. The damn is breaking. Armstrong recommends adoption of segwit asap.

https://twitter.com/brian_armstrong/status/817258720253988865

[kurious]

This is the W bottom....

If the last dip candle finishes inside the B band, and then is confirmed with strength (volume and green) - the theory says from here it's UP

Fingers crossed!

[Globb0]

From the times today.....

http://www.thetimes.co.uk/edition/business/biggest-fall-in-bitcoin-blamed-on-the-chinese-r7qqphbwq



Biggest fall in bitcoin blamed on the Chinese
The value of bitcoins, the cryptocurrency, created by technologists to circumvent state-backed paper money, suffered the heaviest fall in its 23-year history


Wow




Full article.....

Hailed as the great hope of libertarians around the world, the value of bitcoins, the cryptocurrency created by technologists to circumvent state-backed paper money, suffered the heaviest fall in its 23-year history.

Bitcoins fell by as much as 23 per cent yesterday, having hit a three-year high on Wednesday, as the digital currency’s value in dollars collapsed. Market watchers pointed to the rise in the Chinese renminbi as the likely culprit for the sell-off.

Bitcoins traded for as little as $885.41 on the BTC=BTSP exchange, having changed hands just a day earlier for a record $1,163. The electronic money has been regarded as the vanguard for a movement that wants to do away entirely with national currencies.

Chinese citizens are thought to be some of the largest buyers of bitcoins as they look for ways to circumvent strict rules on the money they can move out of China. As the renminbi has fallen in the past year, Chinese trading in bitcoins has risen. However, the sharp rise in the Chinese currency this week has seen the flow reversed. China is reported to be responsible for as much as 90 per cent of all trading in bitcoins.

“Long-term investors in bitcoin will be used to a degree of instability, with instability and illiquidity two of the major drawbacks of trading in the digital currency. Amid speculation that the Chinese are using bitcoins to navigate restrictions on foreign currency purchases, investors will hope this isn’t a precursor to Beijing implementing new controls on the purchase of cryptocurrencies,” Joshua Mahony, market analyst at IG, said.

The obvious attraction of bitcoins, which allow users to securely and anonymously move money around the world, is a cause for concern for Chinese officials who are attempting to keep a check on illegal capital flight.

Even with yesterday’s fall in the price of bitcoins, they have easily outperformed any other currency and are worth 50 per cent more than they were three months ago. “If something goes up very rapidly . . . people want to make a lot of money and at some point they’re going to want to sell in order to realise their gains,” Marco Streng, chief executive of Genesis Mining, a bitcoin mining and trading business, said.

The underlying blockchain technology behind bitcoins is one of the hottest areas in financial services at the moment and every leading banking group is working on ways to exploit the record-keeping system behind the currency.

[BlindMayorBitcorn]

[Fragbait]

Bitstamp's still at a high of 998. If bitstamp can break through 1000 the sky's the limit. There's an 800 Bitcoin wall holding it back there.

Sky's the limit.

Sky was the previous ATH from 2013.

[MirkoIta]

From the times today.....

http://www.thetimes.co.uk/edition/business/biggest-fall-in-bitcoin-blamed-on-the-chinese-r7qqphbwq



Biggest fall in bitcoin blamed on the Chinese
The value of bitcoins, the cryptocurrency, created by technologists to circumvent state-backed paper money, suffered the heaviest fall in its 23-year history


<snip>

China killed bitcoin (again) 

[AlexGR]

23-year history?

[pinger]

23-year history?

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Happy to be not a subscriber with this info...

[Ted E. Bare]

What is the FUD this time?

[SnokkomBTC]

This is the W bottom....

If the last dip candle finishes inside the B band, and then is confirmed with strength (volume and green) - the theory says from here it's UP

Fingers crossed!

W bottom could be the case indeed

[pinger]

What is the FUD this time?

Check a weekly chart. Told you probably down, but not yesterday.