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

[In the silence]

huge dump incoming i hear

Just to make you all aware what sort of joke this guy is. 

Confirmed

We need that DIP, please continue that plan. Before going again to $4900.

This is a good start for tye first day of september, hopefully more good news will come. 

[Meuh6879]

keep in mind that bitcore ... is not bitcoin core.
https://github.com/bitpay/bitcore/releases

[bitcoinPsycho]

Btc-e is back online . Just did password reset .
https://btc-e.nz

www.coindesk.com/is-btc-e-back-troubled-exchange-enables-user-log-ins-weeks-after-crackdown/

[infofront]

There was an update from our friend, masterluc, a couple days ago. It basically reiterates what he said previously:

The level of $ 3500- $ 4000 is punched up, tested and fixed. Thus, this is a foothold, where in case of what we will fall.

As I said, from the current level to somewhere around $ 16,000 I do not see any resistance on the weekly logarithm. And the five-figure numbers can reach the price quite quickly, for 2-4 week candles. Just a long time here at 4000 were stamped and fixed

[CoinCube]

This guy accidentally flashes his stash and everybody loses their shit. I guess all the whales are over here.

9 BTC ? What a poor.

The U.S Bureau of the Census has the annual real median personal income at $30,240 in 2015.

9 BTC is a fair amount over that.

[Paashaas]

Where is Lauda? We need the machine gun pac man rising gif with $5000 as the top. Hope he will update it

You mean this one?

[Paashaas]

Anyone have the link handy to the segwit-rocket-rollercoaster ?

Yhea, i got that one also 

[deepcolderwallet]

heres some info ill share with you all since im such a nice guy....

https://www.reddit.com/r/btc/comments/6wxbsg/3000_btc_from_jan_2010_was_just_moved_to_sw/

theres more btw....

now, as for the bet, its only for my trollbro becoin  

I don't interpret it as a imminent dump threat. Au contraire, looks like Satoshi has adopted SegWit and moved part of his stash to a SegWit address.

That's bullish!

SATOSHI NAKAMOTO LOVES SEGWIT!

afaik, 1000btc have been sold so far
https://blockchain.info/address/33ZgKQ9XSZQEum5JFqNTpqGTkQR4Zdtyve
the comments should be read, it makes a nice change from this echo chamber  

Do you have specific comments in mind that you would like folks to read?  Have you figured out whose coins they are?  they were mined in January 2010 and they were never moved until today.  O.k?  Speculation that they are Satoshi's coins, but possibly not, too, right?  What is the significance?  Someone mining in January 2010 and got several rewards of 50 coins... what else is there to this story?

JJG, let the troll troll!

It's so unlikely those coins are Satoshi's!
Do you remember the 10,000 BTC pizza guy? laszlo?

1 BTC sent your way you Bitcoin legend  

Wow thanks, I do still have access to it.  You should never delete a wallet, even if you've spent what was 'in' it.
I appreciate the donations, but nobody owes me anything.. I generated my share and I spent it, it was just at a time when the value was lower, but so was the generation difficulty, and the block reward was 50.

Laszlo

and the block reward was 50.

and the block reward was 50.

How many early miners enjoyed and took advantage from the 50 BTC reward blocks?

THIS IS FUD FROM THIS CASHCOIN SHILL!

He can NEVER, I repeat NEVER prove those coins belong to Satoshi. It can be anyone's.

[JayJuanGee]

Where is Lauda? We need the machine gun pac man rising gif with $5000 as the top. Hope he will update it

You mean this one?

hahahahaha


That was the one of the later memes provided by Lauda that was intended to stave off any kind of need for additional updates in the near future.

I thought that there was an intermediate meme that was posted late 2016 or early 2017 that was a bit less ambitious maybe topping off its price in the $10k arena, rather than in the $100k arena... ?

[JayJuanGee]

heres some info ill share with you all since im such a nice guy....

https://www.reddit.com/r/btc/comments/6wxbsg/3000_btc_from_jan_2010_was_just_moved_to_sw/

theres more btw....

now, as for the bet, its only for my trollbro becoin  

I don't interpret it as a imminent dump threat. Au contraire, looks like Satoshi has adopted SegWit and moved part of his stash to a SegWit address.

That's bullish!

SATOSHI NAKAMOTO LOVES SEGWIT!

afaik, 1000btc have been sold so far
https://blockchain.info/address/33ZgKQ9XSZQEum5JFqNTpqGTkQR4Zdtyve
the comments should be read, it makes a nice change from this echo chamber  

Do you have specific comments in mind that you would like folks to read?  Have you figured out whose coins they are?  they were mined in January 2010 and they were never moved until today.  O.k?  Speculation that they are Satoshi's coins, but possibly not, too, right?  What is the significance?  Someone mining in January 2010 and got several rewards of 50 coins... what else is there to this story?

JJG, let the troll troll!

It's so unlikely those coins are Satoshi's!
Do you remember the 10,000 BTC pizza guy? laszlo?

1 BTC sent your way you Bitcoin legend  

Wow thanks, I do still have access to it.  You should never delete a wallet, even if you've spent what was 'in' it.
I appreciate the donations, but nobody owes me anything.. I generated my share and I spent it, it was just at a time when the value was lower, but so was the generation difficulty, and the block reward was 50.

Laszlo

and the block reward was 50.

and the block reward was 50.

How many early miners enjoyed and took advantage from the 50 BTC reward blocks?

THIS IS FUD FROM THIS CASHCOIN SHILL!

He can NEVER, I repeat NEVER prove those coins belong to Satoshi. It can be anyone's.

Fair enough, and i think that I asked the question for anyone to be able to provide some kind of explanation.

I would imagine that in January 2010, there were a lot fewer miners - yet without additional information,  it could still be fairly difficult to trace the coins, as you seem to suggest... unless we are able to connect one or more of the addresses with a known address - and I think that more and more sophisticated means are being developed to attempt to trace coins while at the same time more and more sophisticated means are being developed to obfuscate ownership.

We live in wonderful and interesting times, no?  And, I am glad to have a decent chunk of bitcoins in order to be in a position to actively learn and interact about these bitcoin related matters while profiting in financial ways, as well.

[bones261]

This guy accidentally flashes his stash and everybody loses their shit. I guess all the whales are over here.

9 BTC ? What a poor.

The U.S Bureau of the Census has the annual real median personal income at $30,240 in 2015.

9 BTC is a fair amount over that.

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

[BlindMayorBitcorn]

This guy accidentally flashes his stash and everybody loses their shit. I guess all the whales are over here.

9 BTC ? What a poor.

The U.S Bureau of the Census has the annual real median personal income at $30,240 in 2015.

9 BTC is a fair amount over that.

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

[bones261]

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Most of the Bitcoin whales are Lower Upper class right now.( The nouveau riche.) No need to treat them like royalty.  

[JayJuanGee]

This guy accidentally flashes his stash and everybody loses their shit. I guess all the whales are over here.

9 BTC ? What a poor.

The U.S Bureau of the Census has the annual real median personal income at $30,240 in 2015.

9 BTC is a fair amount over that.

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

When you say, "rich folks" are you referring to various WO participants?

hahahahahaha.

It is funny that people have their own level of "rich," and sometimes it is not good to engage in too much comparison.

Without mentioning exact relationship, I had introduced some folks into bitcoin, and they had varying levels of skepticism and even intentions to "one up me" in their approach to bitcoin, and I frequently asserted that you should never sell too many of your bitcoin, and we mentioned goals of possibly getting to 21 bitcoin, and things like that - however, even very prudent folks have tendencies to blow too much of their wadd at various times

I had one person who kept teasing me about Bitcoin NOT going above $3k, and my theory was that once it goes past $3k, then pretty much is not going to stop until at least $3.4k; however, as you may recall we had a few false starts, and the last time, we approached $3k, I sent a text saying that I think that we are going above $3k this time.. and gosh, we have not seen sub $3k since and I had not heard from that person because I believe that she sold most, if not all her coins in the mid $2600 arena - and part of the goal is to buy back lower, but if the price never goes back to those prices, then the person has egg on her face again... for like the 5th time when I continued to say, don't sell all of your stash, blah blah blah.

I tend to think that I am gambling pretty big if I buy or sell 3% of my stash at once, and I have met several people (in spit of my assertions of incrementalism) who continue to know better than me and sell their stash with "plans to buy back lower"... fuck.. I feel kind of bad, but I cannot really do anything about what seems to be an "intuition" that people have.. which has left them without bitcoins....

I think that bitcoin went into a punishing phase sometime after that last major dip to $890.. because none of the corrections have really been to such an extent to motivate folks to buy back in, especially when they sold much lower than the price correction point, so those of us who have engaged in incrementalism have been rewarded beyond our wildest dreams, over and over, and especially since about $890, as long as we continued to engage in incrementalism.

[TeeBone]

Gold's itching to take off, stars could be aligning for a new bull run. Lotta kreyzi shit going on in da werld.

[infofront]

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Most of the Bitcoin whales are Lower Upper class right now.( The nouveau riche.) No need to treat them like royalty.  

[JayJuanGee]

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Most of the Bitcoin whales are Lower Upper class right now.( The nouveau riche.) No need to treat them like royalty.  

Define a bitcoin whale (aka nouveau riche)?  above 1000 coins (that would be nearly $4.5 million in BTC)? or some other lower number?

I believe that there are a few regular WO participants who are in the 100 coin territory, and they may or may not engage in too much trading of their coins... surely they are not whales, right?  Not even baby whales despite the fact that their 100 coins (about $1/2 million) could move BTC prices, temporarily - for about 5 minutes, perhaps?

these 100 coin folks are sitting pretty comfortable - and likely in a decent place in the coming years, as long as they can hold onto their coins - perhaps 10 years, perhaps less.  Yeah, right, there are some folks, including masterluc who are predicting another 3x price increase in this run - which is quite possible, but still only puts the 100 coin hodler in the $1.5 million of BTC richness, which is still not a whale, right?  but maybe getting closer to baby whale status, right?
 

[bones261]

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Most of the Bitcoin whales are Lower Upper class right now.( The nouveau riche.) No need to treat them like royalty.  

Define a bitcoin whale (aka nouveau riche)?  above 1000 coins (that would be nearly $4.5 million in BTC)? or some other lower number?

I believe that there are a few regular WO participants who are in the 100 coin territory, and they may or may not engage in too much trading of their coins... surely they are not whales, right?  Not even baby whales despite the fact that their 100 coins (about $1/2 million) could move BTC prices, temporarily - for about 5 minutes, perhaps?

these 100 coin folks are sitting pretty comfortable - and likely in a decent place in the coming years, as long as they can hold onto their coins - perhaps 10 years, perhaps less.  Yeah, right, there are some folks, including masterluc who are predicting another 3x price increase in this run - which is quite possible, but still only puts the 100 coin hodler in the $1.5 million of BTC richness, which is still not a whale, right?  but maybe getting closer to baby whale status, right?
 

I was thinking in the range of 1000 + coins to be a Bitcoin whale. 100 Coins is more like a dolphin. Me, a minnow.

[Elwar]

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Most of the Bitcoin whales are Lower Upper class right now.( The nouveau riche.) No need to treat them like royalty.  

I think the distinguishing characterisric to denote being "rich" is the source of income. Most people get their wealth through income. The rich mainly derive it from their investments. The choice of what to invest in thus affects society more than someone pulling an income.

[ArticMine]

Well, it certainly beats my stash!   That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.

I didn't mean to imply I'm any better off. But it's important to keep your composure around rich folks.

Most of the Bitcoin whales are Lower Upper class right now.( The nouveau riche.) No need to treat them like royalty.  

The story is that he lost 700000 XMR worth about 20500 XBT on his Apple laptop. I am not a fan of Apple and its EULA's but this has to be a record for a click on "I agree".

Edit: I used GNU/Linux on a laptop that I bought from a surplus government auction to make this post .