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

[samson]

Article from trustnodes.com - https://www.trustnodes.com/2018/03/07/mt-gox-crashed-bitcoin-trustee-sold-bottom-blockchain-data-reveals


MT Gox’s bitcoin addresses are well known as blockchain detectives spent months analyzing them. One such address shows 2,000 bitcoin held by the trustee were moved on December 18th.

On that very day, bitcoin’s price stood at $19,000, briefly fell to $18,000, then continued to fall in subsequent days:




On December the 22nd, the trustee moved 6,000 bitcoin. That’s the big red daily candle above labeled 2, sending price from nearly $16,000 to a brief low of $10,800.

It appears he gave some time for the market to recover, then on the 17th of January at 3AM he sold 8,000 bitcoins. Crashing the market again.

He then sells another 6,000 on the 31st of January, but the vast majority was sold on the 5th of February, 18,000 in total. Sending the price to its recent bottom from which it then went on to recover and nearly double as the selling finally stopped.

This suggests the trustee has sold it all on exchanges, rather than Off The Counter (OTC), sending price down some 75% by perhaps placing market orders.

Doesn't this mean that there was no correction / capitulation ?

Just one man triggering a wave of panic sells outside what the big manipulators expected.

I'll bet a few people got burned by this.

Remember, he sold only 18% of the Gox Bitcoins so 82% of them are still being held and he plans to sell more of them according to the latest update released today on mtgox.com - there is a PDF which can be viewed there right now.

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[SidETH]

Your gf was right. We all shoulda sodl at $19,000. We trololololed ourselves.

Mine told me to hold.
Damn her

[JayJuanGee]

""""because I know bitcoin will make a lot of us here very wealthy"""   this is the biggest problem of all crypto

Selfish ego maniacs around  the world..  .... who are also present here with "legendary" acc.. 

Its just another "wallstreet" on stereoids. just another generation of psychopaths able to do everything for money without work.... now they sit in rooms in t-shorts

Crypto  is last chance for all this  ****   .. after will be only "bum bum"

Your generalization is a bit much, no?

There are some folks who put all their eggs into crypto, but that is a pretty fucking small minority, even folks in these threads do not necessarily put all their eggs into crypto.

Regarding getting rich and strategy, yes, bitcoin has proven to be a pretty wise investment relative to other assets.  Even though historical performance does not establish future results, there remain really decent signs that putting a decent amount of investment into bitcoin is going to continue to provide decent future performance value.  Nothing is guaranteed, but if you know about bitcoin, then it seem prudent to have some of your value in it.

[Rosewater Foundation]

Your gf was right. We all shoulda sodl at $19,000. We trololololed ourselves.

Mine told me to hold.
Damn her

[greensheep]

Article from trustnodes.com - https://www.trustnodes.com/2018/03/07/mt-gox-crashed-bitcoin-trustee-sold-bottom-blockchain-data-reveals


MT Gox’s bitcoin addresses are well known as blockchain detectives spent months analyzing them. One such address shows 2,000 bitcoin held by the trustee were moved on December 18th.

On that very day, bitcoin’s price stood at $19,000, briefly fell to $18,000, then continued to fall in subsequent days:




On December the 22nd, the trustee moved 6,000 bitcoin. That’s the big red daily candle above labeled 2, sending price from nearly $16,000 to a brief low of $10,800.

It appears he gave some time for the market to recover, then on the 17th of January at 3AM he sold 8,000 bitcoins. Crashing the market again.

He then sells another 6,000 on the 31st of January, but the vast majority was sold on the 5th of February, 18,000 in total. Sending the price to its recent bottom from which it then went on to recover and nearly double as the selling finally stopped.

This suggests the trustee has sold it all on exchanges, rather than Off The Counter (OTC), sending price down some 75% by perhaps placing market orders.

Doesn't this mean that there was no correction / capitulation ?

Just one man triggering a wave of panic sells outside what the big manipulators expected.

I'll bet a few people got burned by this.

Remember, he sold only 18% of the Gox Bitcoins so 82% of them are still being held and he plans to sell more of them according to the latest update released today on mtgox.com - there is a PDF which can be viewed there right now.

Next 'bargain' day on September 26, 2018.?

[samson]

Well shit. Was just telling my gf over diner not to worry. Then opened http://bitcoinity.org/markets/bitstamp/USD
Now hiding

You think you have problems. I installed a bitcoin ticker on the wifes phone a few days ago. She rushed in the door about an hour ago screaming wtf is going on

My gf does it all the time too....’Bitcoin is obviously over, let’s sell everything now’ ..... ‘We should have bought that house for xxxxx outright with no mortgage when it was over $19,000 each’

Fucking women....I tell her to STFU & relax because I know bitcoin will make a lot of us here very wealthy.

I remember telling my GF when Bitcoin hit $100 for the very first time,we watched it live on the computer as it happened - an exciting day for everyone for sure, especially as I bought most of them for $15, then $20 and later $50. The first thing she suggested that I sell them all to take the profit. LOL

[greensheep]

""""because I know bitcoin will make a lot of us here very wealthy"""   this is the biggest problem of all crypto

Selfish ego maniacs around  the world..  .... who are also present here with "legendary" acc.. 

Its just another "wallstreet" on stereoids. just another generation of psychopaths able to do everything for money without work.... now they sit in rooms in t-shorts

Crypto  is last chance for all this  ****   .. after will be only "bum bum"

There are people even more stupid than that. There are people that stupid that they don't have any bitcoins.

Aka a https://www.urbandictionary.com/define.php?term=nocoiner  

[infofront]

Well shit. Was just telling my gf over diner not to worry. Then opened http://bitcoinity.org/markets/bitstamp/USD
Now hiding

You think you have problems. I installed a bitcoin ticker on the wifes phone a few days ago. She rushed in the door about an hour ago screaming wtf is going on

My gf does it all the time too....’Bitcoin is obviously over, let’s sell everything now’ ..... ‘We should have bought that house for xxxxx outright with no mortgage when it was over $19,000 each’

Fucking women....I tell her to STFU & relax because I know bitcoin will make a lot of us here very wealthy.

I remember telling my GF when Bitcoin hit $100 for the very first time,we watched it live on the computer as it happened - an exciting day for everyone for sure, especially as I bought most of them for $15, then $20 and later $50. The first thing she suggested that I sell them all to take the profit. LOL

That's why I basically leave my wife out of my crypto stuff. Occasionally she'll ask, "how's your bitcoin doing?" "Fine" or "okay," I reply.
I don't want to hear any shit about buying a new car, upgrading our house, etc.

[JayJuanGee]

Well shit. Was just telling my gf over diner not to worry. Then opened http://bitcoinity.org/markets/bitstamp/USD
Now hiding

You think you have problems. I installed a bitcoin ticker on the wifes phone a few days ago. She rushed in the door about an hour ago screaming wtf is going on

My gf does it all the time too....’Bitcoin is obviously over, let’s sell everything now’ ..... ‘We should have bought that house for xxxxx outright with no mortgage when it was over $19,000 each’

Fucking women....I tell her to STFU & relax because I know bitcoin will make a lot of us here very wealthy.

I remember telling my GF when Bitcoin hit $100 for the very first time,we watched it live on the computer as it happened - an exciting day for everyone for sure, especially as I bought most of them for $15, then $20 and later $50. The first thing she suggested that I sell them all to take the profit. LOL

O.k.   And that would have been about early 2013.  What did you do, and what have you been doing  the past 5 years?

There have been a lot of dips, lots of opportunities to sell and to rebuy and to either make or lose money.  What has been your approach?  How many times have you been tricked out of your coins in the past 5 years?

[bitcoinPsycho]

can someone lend me $1000000 ? I promise to pay you back double in 6 months

[Toxic2040]

Market is undecided but there is evidence of a divergence either way. Fat fingers is not helping matters with open market dumps but hey..more cheap corn.



On the hourly.



Possible support

[samson]

Well shit. Was just telling my gf over diner not to worry. Then opened http://bitcoinity.org/markets/bitstamp/USD
Now hiding

You think you have problems. I installed a bitcoin ticker on the wifes phone a few days ago. She rushed in the door about an hour ago screaming wtf is going on

My gf does it all the time too....’Bitcoin is obviously over, let’s sell everything now’ ..... ‘We should have bought that house for xxxxx outright with no mortgage when it was over $19,000 each’

Fucking women....I tell her to STFU & relax because I know bitcoin will make a lot of us here very wealthy.

I remember telling my GF when Bitcoin hit $100 for the very first time,we watched it live on the computer as it happened - an exciting day for everyone for sure, especially as I bought most of them for $15, then $20 and later $50. The first thing she suggested that I sell them all to take the profit. LOL

O.k.   And that would have been about early 2013.  What did you do, and what have you been doing  the past 5 years?

There have been a lot of dips, lots of opportunities to sell and to rebuy and to either make or lose money.  What has been your approach?  How many times have you been tricked out of your coins in the past 5 years?

I first got around to buying Bitcoin in August 2012 because I wanted shares in Asicminer, since then it's been a bit of a wild ride.

Asicminer share trading was shut down for a long time due to it being an 'illegal security' but it came back and they made good on everything they promised. It took a while, can't remember how long.

I got badly goxxed and am still caught up in the MtGox saga as a creditor.

It looks like we will most probably eventually get our share of the coins which are left due to the recent civil rehabilitation developments. For those who don't know - civil rehabilitation was not rejected which is a major step towards it happening, it was rejected a few years back.

I often dabbled with different altcoins, but I've spent several years where I didn't touch crypto at all.

I cashed a bunch out years back as well - more than I ever put in....

[JayJuanGee]

Well shit. Was just telling my gf over diner not to worry. Then opened http://bitcoinity.org/markets/bitstamp/USD
Now hiding

You think you have problems. I installed a bitcoin ticker on the wifes phone a few days ago. She rushed in the door about an hour ago screaming wtf is going on

My gf does it all the time too....’Bitcoin is obviously over, let’s sell everything now’ ..... ‘We should have bought that house for xxxxx outright with no mortgage when it was over $19,000 each’

Fucking women....I tell her to STFU & relax because I know bitcoin will make a lot of us here very wealthy.

I remember telling my GF when Bitcoin hit $100 for the very first time,we watched it live on the computer as it happened - an exciting day for everyone for sure, especially as I bought most of them for $15, then $20 and later $50. The first thing she suggested that I sell them all to take the profit. LOL

O.k.   And that would have been about early 2013.  What did you do, and what have you been doing  the past 5 years?

There have been a lot of dips, lots of opportunities to sell and to rebuy and to either make or lose money.  What has been your approach?  How many times have you been tricked out of your coins in the past 5 years?

I first got around to buying Bitcoin in August 2012 because I wanted shares in Asicminer, since then it's been a bit of a wild ride.

Asicminer share trading was shut down for a long time due to it being an 'illegal security' but it came back and they made good on everything they promised. It took a while, can't remember how long.

I got badly goxxed and am still caught up in the MtGox saga as a creditor.

It looks like we will most probably eventually get our share of the coins which are left due to the recent civil rehabilitation developments. For those who don't know - civil rehabilitation was not rejected which is a major step towards it happening, it was rejected a few years back.

I often dabbled with different altcoins, but I've spent several years where I didn't touch crypto at all.

I cashed a bunch out years back as well - more than I ever put in....

Thanks for overviewing some of your background motivations and experiences.

Sometimes retrospect can be 20/20, and there are a lot of folks who say, we should have done x, y or z - but surely the better plans are to attempt to figure out something that works and to tweak along the way.  As an example, currently, the we should have sold at $20k is a bit tiring and also a factor that should NOT be causing reasonable BTC hodlers to sell now, even though it could be a consideration for how to approach future price movements.

Regarding GOX:  Even though I had already started buying BTC before the 2/2014 Gox shutdown, I don't think that I gave it a lot of significance at the time that it happened - even though it was a really BIG losing of coins for the overall space, and moreso for the various individuals who may have had decent portions of their own stash in that one location. 

I think in retrospect, I am coming to realize that the GOX event was more significant than my then attributions of it.  Further, I do understand that any GOXing or otherwise feeling screwed over by some narrow set of events- including some folks who may have gotten hacked or made some presumptuous but losing margin bets, these kinds of events may cause the taking of a lesser position in the space.. and then 20/20 wished that they would have taken a stronger position.

Overall, we can learn from our experiences, even if negative, and having to decide how to proceed from here... not getting discouraged by some of our historical bad happenings, which we are all likely to have, especially the longer that we are involved the space.

[Torque]

So is this what all the dumpage was about today?

https://twitter.com/cz_binance/status/971476396278099969

If so, zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz...............

[Torque]

can someone lend me $1000000 ? I promise to pay you back double in 6 months

[Rosewater Foundation]

Hey, watch who you're calling grandma! 

Do your children have children ?

[starmman]

Wow, left my eye off the markets for a few hours and we are back below $10k - how did that happen? =)

[Rosewater Foundation]

https://media.giphy.com/media/Ti3EHybd46aQg/giphy.gif

Dude. Not cool.

Why else would you want to purchase those grandkids?

[HairyMaclairy]

Anyone know the current address for the Mt Gox trustee and/or have any recommendations for address alert tools?

[Tzupy]

Anyone know the current address for the Mt Gox trustee and/or have any recommendations for address alert tools?

It is unwise to ask for the current home address of a person who might receive threats, the police could think you are a violent person.
If you meant the MtGox estate BTC addresses, then check this thread:
https://www.reddit.com/r/mtgoxinsolvency/comments/82m0dl/mtgox_trustee_has_sold_some_btc_and_bch/