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

[bones261]

I was looking through recently confirmed transactions and stumbled upon this gem. https://blockchain.info/address/18AMPWtHW97ebTkSdBk9Jzv9gSZoh2og5D
These transaction involving this address look totally legit. NOT

Can you break this down for me? What are the red flags here?

Combining a bunch of small inputs of exactly equal amounts. Why would someone have hundreds of UTXO of equal amounts that are all basically dust? I don't get the use case here. Could be wrong.

[JayJuanGee]

Actually, you act like I am dumb and I don't know that there is preparations and various kinds of groups that are manipulating and planning,

But you seem to take great pleasure in trying to condescend and smack down anyone who points that out... other than yourself.

I am sorry that you read my tone or assertiveness as condescending... I feel that I am just throwing in a few strong arguments here or there and a few assertions of ridiculous that amounts to my opinion.   Each of us have our styles, and aspects of your numerology and  fatalism wrapped up in conspiracy theories triggers my attention.

Of course, each of us have perspectives, and you do tend to provide a  lot of good angles and assessments and food for thought, but sometimes, it seems to me that you have gone over the deep end.. whether temporary or just some thing(s) in your posts strike me.

but you seem to frequently attempt to make the matter as if everyone is coordinating amongst each other - as if the future is inevitable... blah blah blah...

I don't actually. I don't believe the future of Bitcoin is already decided. I just believe that whenever the Bitcoin market starts to act irrational, like the entire fkn year of 2017, then I know that there's more going on than what seems on the surface.

Yeah... of course, there is manipulation and plots going on, and sometimes that manipulation and plots are just some folks taking advantage of a situation that they just figured out or quickly forming a unlikely bed partners alliance, but it does not mean that the unlikely bed partners were planning since January when maybe they just each started coordinating in a similar direction - ten months later, in October

Or in past years when out of nowhere Bitcoin started pumping to the moon for no explicable reason... there's no doubt in my mind that the pumpers already had the subsequent "crash" planned out ahead of time (e.g., 0day exploit, exchange hack, Mt.Gox DDoS, "China Bans Bitcoin", Mt.Gox insolvency, etc.)

Of course, that stuff can be happening, because manipulators are going to take advantage of coordinated events or even announce new FUD when the other FUD has already hit in order to attempt to maximize the movement in their direction, but it still does not necessarily mean that they were coordinating with each other even though one may have known about the other and one may have known more and another may have had more insider information than another.  And, yeah, sure sometimes there is more manipulation and coordination than we may have known about, but it still does not make the whole fucking thing into a manipulated plan... because some of these dumb ass manipulators lose control too.  Do you think the dumb ass manipulators wanted prices to go above $500 in May 2016... probably not.... They also probably did not want the price to go above $10k in November 2017... but sometimes they just have no fucking ability to control it and then they have to wait for it to settle down again to attempt to apply some of their manipulation tools again.  So, yeah, I hardly disagree with you about manipulation taking place, it is just the enormity of the supposed coordination coming out of your keyboard that seems to go beyond the pale, from time to time.  Jesus, meesus!!!!   

We saw it happen in the alt market too: ETH pumped to the moon just a month or two before the DAO hack/exploit happened.

But of course you can stick your head in the sand and think whatever you want though. I care not.

Of course, manipulation is going on, and even moreso in alts, and you do care, so stop saying that you don't or you will make me sad.      

[True Myth]

I was looking through recently confirmed transactions and stumbled upon this gem. https://blockchain.info/address/18AMPWtHW97ebTkSdBk9Jzv9gSZoh2og5D
These transaction involving this address look totally legit. NOT

Can you break this down for me? What are the red flags here?

Combining a bunch of small inputs of exactly equal amounts. Why would someone have hundreds of UTXO of equal amounts that are all basically dust? I don't get the use case here. Could be wrong.

Yeah I see that. I also see they are seconds apart.

I wasn't trying to spring a troll trap or anything. I'm still learning and curious. I do a lot of reading and not much question asking on this board.  I'm curious what the activity of tumblers look like on the block chain too.

[STT]

We saw it happen in the alt market too: ETH pumped to the moon just a month or two before the DAO hack/exploit happened.

But of course you can stick your head in the sand and think whatever you want though. I care not.

Of course, manipulation is going on, and even moreso in alts, and you do care, so stop saying that you don't or you will make me sad.    

It would be more irrational to believe there wasn't any market manipulation going on.     Every market has this, this is like people declaring bitcoin is used for crime when Dollar and Euros notes are the most popular way to transport value by criminals world wide.   Gigantic liquidity is why, watch the last series of Narcos for a fair explanation of the illegal trade constantly conducted in Dollars.


The point is to have an open competitive market available to all, then you have the basis for capitalism to take place.   Not that people will stop being greedy or trying to be dishonest, of course they will.   
Biggest problem right now is exclusion of participants by failure in the transactions fees

[JayJuanGee]

We saw it happen in the alt market too: ETH pumped to the moon just a month or two before the DAO hack/exploit happened.

But of course you can stick your head in the sand and think whatever you want though. I care not.

Of course, manipulation is going on, and even moreso in alts, and you do care, so stop saying that you don't or you will make me sad.    

It would be more irrational to believe there wasn't any market manipulation going on.     Every market has this, this is like people declaring bitcoin is used for crime when Dollar and Euros notes are the most popular way to transport value by criminals world wide.   Gigantic liquidity is why, watch the last series of Narcos for a fair explanation of the illegal trade constantly conducted in Dollars.


The point is to have an open competitive market available to all, then you have the basis for capitalism to take place.   Not that people will stop being greedy or trying to be dishonest, of course they will.   
Biggest problem right now is exclusion of participants by failure in the transactions fees

You had me nodding all the way through your post, STT, and even asserting "Amen", even though I am not religious, until your last sentence.

>>>>>>>>Biggest problem right now is exclusion of participants by failure in the transactions fees<<<<<<<<,

Sounds like you are making up shit, here.

Sure there is some truth that transactions fees have been high recently, but get real... we had a spam attack going on and that spam attack is part of the creation of a false narrative to get folks to buy other coins and a bunch of bullshit mumbo jumbo asserting that bitcoin is broken and that it has a BIGGEST problem.   Get out of here with your "biggest problem" rendition.

[Rosewater Foundation]

PS. My real estate guy went manic climbing the peak. Now he's in the red and he's sour about it. He's no fun anymore either.

[jonoiv]

Actually, you act like I am dumb and I don't know that there is preparations and various kinds of groups that are manipulating and planning,

But you seem to take great pleasure in trying to condescend and smack down anyone who points that out... other than yourself.

but you seem to frequently attempt to make the matter as if everyone is coordinating amongst each other - as if the future is inevitable... blah blah blah...

I don't actually. I don't believe the future of Bitcoin is already decided. I just believe that whenever the Bitcoin market starts to act irrational, like the entire fkn year of 2017, then I know that there's more going on than what seems on the surface.

Or in past years when out of nowhere Bitcoin started pumping to the moon for no explicable reason... there's no doubt in my mind that the pumpers already had the subsequent "crash" planned out ahead of time (e.g., 0day exploit, exchange hack, Mt.Gox DDoS, "China Bans Bitcoin", Mt.Gox insolvency, etc.)

We saw it happen in the alt market too: ETH pumped to the moon just a month or two before the DAO hack/exploit happened.

But of course you can stick your head in the sand and think whatever you want though. I care not.

Sent you some merit Torque.

personally i have some suspicions about some exchanges, and the ability to register, and what i perceive as massive market manipulation.   The huge advertising campaigns that are on every website it seems,  always seem to get more intense as the next bubble reaches it's peak and continues through into the bear market.   Is it just me or do the adverts disappear at the start of the consolidation and forming of the next bubble.  The "bitcoin millionaires" advert, I have friends that invested (first time) towards the top, despite me advising to wait.

Who pays for this?  And why are they so irresponsible to encourage investment, when they know full well how markets work.  Well that was a rhetorical question, but im sure there's gonna be a group of those that brought at the top that also sell at the bottom.  Of course you can blame the individual, tell them it's their fault for buying at the top and also fools for selling at the bottom... but the encouragement to do that is all around us, including in this very forum thread.

[STT]

You had me nodding all the way through your post, STT, and even asserting "Amen", even though I am not religious, until your last sentence.

>>>>>>>>Biggest problem right now is exclusion of participants by failure in the transactions fees<<<<<<<<,

Sounds like you are making up shit, here.

Sure there is some truth that transactions fees have been high recently, but get real... we had a spam attack going on and that spam attack is part of the creation of a false narrative to get folks to buy other coins and a bunch of bullshit mumbo jumbo asserting that bitcoin is broken and that it has a BIGGEST problem.   Get out of here with your "biggest problem" rendition.

Its a problem for me or many others not able to shift great amounts,  I dont know who is creating the problem and why but it has to be got past by any means necessary.   I've heard it could be spam or a couple of things, I dont doubt people could try to attack bitcoin for their own gains but in any case a solution has to be found.   
   Most people in the world are pretty humble, I always see the smallest of trades being ironically the most important and most genuine kind of trade possible.   How big is the Coke company and all its doing is selling sugar water in a can right, I want to see Bitcoin back to being able to handle the tiny trades and respecting the little guy.   

I still see FIAT as the biggest threat to crypto, the banks very much want to take over the idea and do it their way with a centrally controlled unit value.    They'll win if people become divided I think

[jojo69]

Combining a bunch of small inputs of exactly equal amounts. Why would someone have hundreds of UTXO of equal amounts that are all basically dust? I don't get the use case here. Could be wrong.

old dice dust??

I tell you what, If I had wallets full of dust addys like that I would be pretty hot to consolidate them right now, we seem to be clearing down to 2 Sat/Byte.

[JayJuanGee]

You had me nodding all the way through your post, STT, and even asserting "Amen", even though I am not religious, until your last sentence.

>>>>>>>>Biggest problem right now is exclusion of participants by failure in the transactions fees<<<<<<<<,

Sounds like you are making up shit, here.

Sure there is some truth that transactions fees have been high recently, but get real... we had a spam attack going on and that spam attack is part of the creation of a false narrative to get folks to buy other coins and a bunch of bullshit mumbo jumbo asserting that bitcoin is broken and that it has a BIGGEST problem.   Get out of here with your "biggest problem" rendition.

Its a problem for me or many others not able to shift great amounts,  I dont know who is creating the problem and why but it has to be got past by any means necessary.   I've heard it could be spam or a couple of things, I dont doubt people could try to attack bitcoin for their own gains but in any case a solution has to be found.   
   Most people in the world are pretty humble, I always see the smallest of trades being ironically the most important and most genuine kind of trade possible.   How big is the Coke company and all its doing is selling sugar water in a can right, I want to see Bitcoin back to being able to handle the tiny trades and respecting the little guy.   

I still see FIAT as the biggest threat to crypto, the banks very much want to take over the idea and do it their way with a centrally controlled unit value.    They'll win if people become divided I think

Are you even paying attention?

Have you heard of lightning network?  Of course, some of it is already being experimented upon... it could take many years before it is microtransacting on the level of visa... but it is in the works.

Also, you mention that you want to send big amounts of bitcoin around, and you know that the problem is not with big amounts, because in terms of percentage it is not bad, especially if you are getting into the several thousand dollars arena.

Finally, fees are low currently and transaction times are fast currently.

I just looked in my blockchain.info wallet, and it is showing $.12 for regular fees and $2.02 for priority.  Seems fairly reasonable to me, and you could take advantage of these low fees if you want to move money around, at this time.

[Rosewater Foundation]

[mike4001]

And now we dipped below 11k and it's still impossible to break 12k.

So everyone predicting that in January we would rise again was wrong.

Well ... I guess I will post the same thing at the end of February.

[JayJuanGee]

This evening I sent the contents of several bitcoin legacy addresses to segwit wallet addresses, and the balances of each of those addresses were between .002 and .07.   I paid $.12 fees for each of the transactions (5 satoshis per byte), and it took less than 30 minutes to confirm.. .  This would be nice to last, right?

[jojo69]

I am not finding this breakdown of the line from the 17th convincing.

[d_eddie]

I am not finding this breakdown of the line from the 17th convincing.

Unconvincing shake?

[HairyMaclairy]

I’m glad Bob isn’t still waiting for 12.5k.

And here I am waiting for the market to take me out of my position at $11,350.  

Edit:  great buying guys !  Bottom of the wedge !!  ....  /hide

[somac.]

Edit:  great buying guys !  Bottom of the wedge !!  ....  /hide

Or about to take a dive  

Edit: On another note, the market looks like the only buys and sells are from short term traders trying to make a few bucks. It seems demand from new entrants or long term investors has completely died off. I can see this on my local exchange vs the overseas ones. 2 months ago there was a 10% difference in price, that has now dropped down to <2%. Not good, this massive drop in demand.

[serveria.com]

Edit:  great buying guys !  Bottom of the wedge !!  ....  /hide

Or about to take a dive  

Edit: On another note, the market looks like the only buys and sells are from short term traders trying to make a few bucks. It seems demand from new entrants or long term investors has completely died off. I can see this on my local exchange vs the overseas ones. 2 months ago there was a 10% difference in price, that has now dropped down to <2%. Not good, this massive drop in demand.

The whales are letting the market to cool off after their pump and dump. Calculating profits   As soon as they're sure all weak hands are out they'll pump again.

[Asrael999]

Edit:  great buying guys !  Bottom of the wedge !!  ....  /hide

Or about to take a dive  

Edit: On another note, the market looks like the only buys and sells are from short term traders trying to make a few bucks. It seems demand from new entrants or long term investors has completely died off. I can see this on my local exchange vs the overseas ones. 2 months ago there was a 10% difference in price, that has now dropped down to <2%. Not good, this massive drop in demand.

The whales are letting the market to cool off after their pump and dump. Calculating profits   As soon as they're sure all weak hands are out they'll pump again.

We aren't even close to the weak hands being forced out yet. This is shaping up to be another 2014/15. Put the screens down and check back in two years

[somac.]

Edit:  great buying guys !  Bottom of the wedge !!  ....  /hide

Or about to take a dive  

Edit: On another note, the market looks like the only buys and sells are from short term traders trying to make a few bucks. It seems demand from new entrants or long term investors has completely died off. I can see this on my local exchange vs the overseas ones. 2 months ago there was a 10% difference in price, that has now dropped down to <2%. Not good, this massive drop in demand.

The whales are letting the market to cool off after their pump and dump. Calculating profits   As soon as they're sure all weak hands are out they'll pump again.

We aren't even close to the weak hands being forced out yet. This is shaping up to be another 2014/15. Put the screens down and check back in two years

This is what I fear, though I do think BTC now is very different from BTC back then. So I don't see a greater than 80% correction like last time.