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

[molecular]

According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000.  Not a lot of money in the whole scheme of things.

You should know that means nothing.

FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.

Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.

If he is smart enough to invent bitcoins, he is smart enough to sell responsibly. I believe.

Well, I would be more confortable if he would have moved some coins, gradually. He never moved A SINGLE COIN according to the blockchain. Not even at the peak of 2011 bubble, not even at $200 BTC/USD.

Frankly, people sees this as "this guy really believes in BTC potential!", but sometimes that just makes me doubt of his sanity. If he never moved a single coin in all his life, he is very well capable of dumping them suddenly. That's how I see it, and many times I think that he will destroy what he created in that way.

And remember that nobody can wait forever to be filthy rich.

Hope it's just a nightmare tough

What are his addresses for you to make such affirmations?
since the april 11 crash,there's a regular 3-5k sell order practically everyday,i would believe its satoshi..

Well, you know blockchain is public. There have been many studies about the coins mined early, for which a huge part never moved (more than 60%). The coins never moved where mined in 2009 and 2010, and from pattern analysis looks they are all Satoshi's. Just check one of the many analysis that support this theory: https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

Maybe he just lost the wallets? I think most of his coins are lost. Even if they aren't he's in a tough spot. Bitcoin price can crash just by people noticing that early mined coins are moving. He won't even have time to send them to MtGox.

Maybe he's been selling the keys along with a contract not to spend them until a certain time. Or he used something like lbaat.net to cryphtographically prevent spending until a certain time.

[1714952954]

1714952954

[1714952954]

1714952954

[1714952954]

1714952954

[wonkytonky]

common keep selling .. .; stop buying.. i wantz proffits! prrrooooofffiiiiiitzzzzz

edit:crapp while i was typing price went up already .. dammit

[Gordonium]

My theory on Satoshi and (his/her/their) coins is this.
Satoshi obviously is well equipped with a brilliant mind. If Satoshi can develop something like Bitcoin and potentially start a currency revolution I am sure Satoshi also has the ability to land a pretty well paying fiat currency job to support any of his fiat needs. Lets assume if you are Satoshi and you believe in your work 100% then their would never be any point in selling. You believe this is the future of currency and you own 1,000,000 coins. When/if this does become the standard way to buy/sell/trade/and get paid Satoshi would then truly be the wealthiest person(s) in the world.

+1

I believe (if he is not dead) that he has a very decent job that fulfills all of his material needs. And when one of his clients bores him during a meeting he just looks at his watch-only wallet on his mobile phone and smiles...

+1

[Nightowlace]

Maybe he's

I hope Satoshi is a girl, and is hot. Then everyone will feel completely beside themselves in utter disbelief.

[Kazu]

So for the record, I bought in low, y'all can stop selling now.

[Richy_T]

He never moved a single coin. Not entirely true, he did some test transfer to Hal Finney, but that's it. He/they may be dead, or he/they may be planning to dump his/their stash at once. If not, why Satoshi did not sell coins till now? Why Satoshi did not buy anything with bitcoins? Is all in the blockchain. His coins never moved apart from some well documented transactions to early cooperators.

Maybe he accidentally formatted his hard-drive

[Kazu]

Maybe he's

I hope Satoshi is a girl, and is hot. Then everyone will feel completely beside themselves in utter disbelief.

+1

[molecular]

bitcoin-central compromised:

ffs.

thread: https://bitcointalk.org/index.php?topic=186609.0

[Richy_T]

Another point to consider is that right now, any move Satoshi makes with his coins is likely to risk his/her/their anonymity.

[molecular]

Another point to consider is that right now, any move Satoshi makes with his coins is likely to risk his/her/their anonymity.

sure does. Imagine you do a cash-trade with someone locally and later discover you received some _very_ old coins.

[JimiQ84]

Maybe he accidentally formatted his hard-drive

Maybe purposely. He/She/It defined bitcoin as a currency with 21 million coins because he/she/it knew that one million will be for test purposes and then deleted.

[Kazu]

Could somebody please give me a wall pic, I can't load BTCCharts because that port is blocked.

[DougTanner]

This volatility is so delicious I can almost taste it.

[BadPenny]

Can't these graphs be reduced in size to maybe like 66% or 75%?  I mean, damn they be very huge and very numerous.

[phatsphere]

Can't these graphs be reduced in size to maybe like 66% or 75%?  I mean, damn they be very huge and very numerous.

there was already a change to default to 100% width. in the earlier days, the width was not set and ended up at about 2000px or more. that was huge. so please be quiet and enjoy the scrolling.

[adamstgBit]

http://www.youtube.com/watch?v=9bAcctnZ9c0
clearly old people are not the future.
BUY!!!!!!!!!!!!!!!!! BUY!!!!!!!!!!!!!!!!! BUY!!!!!!!!!!!!!!!!!

 

[molecular]

Can't these graphs be reduced in size to maybe like 66% or 75%?  I mean, damn they be very huge and very numerous.

there was already a change to default to 100% width. in the earlier days, the width was not set and ended up at about 2000px or more. that was huge. so please be quiet and enjoy the scrolling.

hm? there shouldn't be a need to scroll (horizontally)



for me the images fit the width of the post box, no scrolling needed.

[molecular]

http://www.youtube.com/watch?v=9bAcctnZ9c0
clearly old people are not the future.
BUY!!!!!!!!!!!!!!!!! BUY!!!!!!!!!!!!!!!!! BUY!!!!!!!!!!!!!!!!!

 

lol: "a bitcon... uh, a bitcoIn".

still: "it was conceived in the free market and it shouldn't be regulated".

thanks, ron.

[DougTanner]

Can't these graphs be reduced in size to maybe like 66% or 75%?  I mean, damn they be very huge and very numerous.

Well... it is the Wall Observer thread. But if anyone knows a way to do that I would be willing.

[samurai1200]