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

[BTCMILLIONAIRE]

Oh good. Trump says gun violence is caused by video games. Glad we cleared that up.  Way to go, Republicans.

Are three decades of gaming not enough or am I just not a real gamer until I go balls deep into sudoku?

Where do I sign up for a 65% discount sale?

The sale already happened.. .... don't you remember about 1 month ago -  $5,920?  Maybe you cannot remember because the sale was 70% rather than 65%?

Saleception please.

[1714154095]

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[HairyMaclairy]

Oh good. Trump says gun violence is caused by video games. Glad we cleared that up.  Way to go, Republicans.

Are three decades of gaming not enough or am I just not a real gamer until I go balls deep into sudoku?

Sudoku is at least a mitigating factor in homicide charges.

[Cassius]

You guys play blindman's bluff until the cows come home. My eyes are wide open

BMB!  WAKE UP!  you're dreaming again.  Same nightmare as before?

It's buff, not bluff. 'Buff' meaning a push/shove. Unless you also want to suggest that the market has been a 'damp squid' recently.

BTC was badly overbought at ~$20k. Gox coins just fed into the fall that was due already, and possibly catalysed the odd local drop. A buff in the right direction, if you like.

[samson]

I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.

Bullish AF!

Yeah, but I believe that GOX started with 200k BTC, and over the past 3 months, they sold about 35k BTC.. which is hardly a blip in BTC's trading volume...  I think that there is fear about what they are going to do with the other 165k BTC, right?  Which I doubt that they are going to announce before they do anything, such as sell, right?

At this point the MtGox trustee has almost sold enough coins to cover the entire set of claims in JPY which were made back in 2014.

I believe this is what he needs to do to cover his companies ass, once he has funds to cover all claims he doesn't need to sell any more.

In fact there's a whole load of creditors who specifically don't want him to sell any more as we want the funds back in Bitcoin when the eventual payout comes.

[JayJuanGee]

I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.

Bullish AF!

Yeah, but I believe that GOX started with 200k BTC, and over the past 3 months, they sold about 35k BTC.. which is hardly a blip in BTC's trading volume...  I think that there is fear about what they are going to do with the other 165k BTC, right?  Which I doubt that they are going to announce before they do anything, such as sell, right?

At this point the MtGox trustee has almost sold enough coins to cover the entire set of claims in JPY which were made back in 2014.

I believe this is what he needs to do to cover his companies ass, once he has funds to cover all claims he doesn't need to sell any more.

In fact there's a whole load of creditors who specifically don't want him to sell any more as we want the funds back in Bitcoin when the eventual payout comes.

Paying out in bitcoin seems to be the most fair to the extent that you had bitcoins there, and I am sure that there is a record of how your assets were held at the time that GOX went off line.    I know that it was also unfair because GOX went off line when the price for BTC was a bit more than $100 on GOX while it was something like $600 across other exchanges

There has to be some way to figure out fair distribution.  Even if you had 100 bitcoins and $1,000 on the exchange at the time that they closed, but if they say that in dollars they reimburse you 65% of your dollar holdings (which would be $650) and in bitcoins they reimburse you 38% of your bitcoin holdings (which would be 38 BTC), you would still come out in a much better position than if they convert all of that to some fiat value that is based on the GOX BTC price at the time of the closing, which was an artificially low price anyhow, even at that particular time.

[Last of the V8s]

I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.

Bullish AF!

Yeah, but I believe that GOX started with 200k BTC, and over the past 3 months, they sold about 35k BTC.. which is hardly a blip in BTC's trading volume...  I think that there is fear about what they are going to do with the other 165k BTC, right?  Which I doubt that they are going to announce before they do anything, such as sell, right?

At this point the MtGox trustee has almost sold enough coins to cover the entire set of claims in JPY which were made back in 2014.

I believe this is what he needs to do to cover his companies ass, once he has funds to cover all claims he doesn't need to sell any more.

In fact there's a whole load of creditors who specifically don't want him to sell any more as we want the funds back in Bitcoin when the eventual payout comes.

Are the creditors going to sue the trustee for his negligence? (Not using OTC / bulk sellers etc.)

[kurious]

I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.

Bullish AF!

Yeah, but I believe that GOX started with 200k BTC, and over the past 3 months, they sold about 35k BTC.. which is hardly a blip in BTC's trading volume...  I think that there is fear about what they are going to do with the other 165k BTC, right?  Which I doubt that they are going to announce before they do anything, such as sell, right?

At this point the MtGox trustee has almost sold enough coins to cover the entire set of claims in JPY which were made back in 2014.

I believe this is what he needs to do to cover his companies ass, once he has funds to cover all claims he doesn't need to sell any more.

In fact there's a whole load of creditors who specifically don't want him to sell any more as we want the funds back in Bitcoin when the eventual payout comes.

On the claim form the receiver specifically asked if you wanted to be paid back in USD, or Bitcoin.   When I heard it was all going to be done in USD I stopped following things.

Is it now at all realistic that the BTC will be paid back in actual BTC?  Even if it's a percentage of the BTC after costs, it would be far more significant than simply the full USD value of BTC in USD based upon the BTC value in fiat back then.

Any references appreciated, as I did specifically ask for repayment in BTC at the time I was asked. 

[lightfoot]

Back over 10k with 6k or so transactions. Looks like Bitcoin has shrugged off another bunch of weak hands.

Hodl.

[BitcoinResearcher18]

I have seen that there is a poll on top about the price predictions of users. Is there a poll each month and are the results of the polls saved somewhere? This data would be very valuable for my research and could grant some insight into the mechanisms that determine Bitcoin's price formation.

[HairyMaclairy]

What sort of person logs on and decides they are going to buy whatever the trolls are pumping in the troll box.

[jonoiv]

[edited out]

Well here is a quote from you the day of the start of the crash Dec 17th 2017.  You accuse me off being a fudster, and that I can lose people money by calling it one way.  Just because my outlook is different from yours.

Don't do that... just as much as you seem to be a blind believer, I will always be slightly skeptical, and will always be bearish for long periods, that's just the way I am built, personality wise, and if you're honest, I bet you are an optimist personality wise.  I also see the potential pitfalls of bitcoin, and really don't trust that it's invincible, and because of the way I am I will focus on those.  Just because you think my best guess of 3k or 4k at some point in the not too distant future is not realistic you call it FUD.  

It's not FUD, it's an informed opinion, i'm just sharing my ideas in the similar way you have way you have.  I advised many friends who were very eager to buy around 15 - 19k not too, I have saved them a fuck ton.


just 2 things on you comment from back then.  those getting REKT will have got destroyed with just a small change of price (Either direction), it's nothing more than gambling at those leverages.  And whether or not there was a long term or short term crash, it crashed all the same to 30% of ATH.  you're inferring in your statement that to short at almost 20k was a bad idea... well it was a pretty smart move.

don't call me a fudster just because you don't like my take on the situation or because i have been wrong in the past, because so have you.

Get the fuck out of here you fucking goofball disingenuous FUDster, bringing up a supposed three month old conversation that I barely even recall, and if we did have such a communication, I sure that we can rely on your representations.... NOT....

If you do not recall I don't fucking predict the market except perhaps to say 50% this way or 60% if I am feeling confident.

I don't really give blind or blanket advice, but I do recommend that peeps figure out strategies that work for themselves and they tailor for themselves, and they try to plan ahead because some strategies seem to work better than others.

 I recommend a similar strategy no matter what the price, which is a kind of dollar cost averaging buy on the way down and sell on the way up... Of course, you can tweak any strategy here and there, but any strategy depends on personal circumstances and if the person has any stake at all in BTC or has been in BTC for several years...

So get the fuck out of here if you are trying to suggest that I am telling folks to buy on the way up or some other out of context bullshit that you are striving to attribute to me with your ongoing shitty ass assertion that "will probably" go to $3k without any kind of substantiation beyond hopium and throwing darts, perhaps.

As somebody that spends a good proportion of their waking life on a Bitcoin price movement tracking & discussion but doesn't like opposing views to their own, and somebody that edits out their own quotes but misquotes others, somebody that asks for reasons why the 3k prediction, and when reasons are presented to them (15% of ATH lows historically), ignores the very simple response to the question, do you feel your defending some grand principal, or are you just a cunt?

Because if i were to say "probably 100k by Christmas'' you wouldn't bat an eyelid.  Your fervor is funny at best and a little unsettling at worst, why don't you spend some time with the kids or friends or the wife/girlfriend/partner etc.  

I visit this thread maybe once a week during the volatile periods and once a month in the quieter times.  Do you not have anything better to do then spend hours a day, bursting blood vessels and foaming at the mouth over strangers best guesses on a forum?

 

[HairyMaclairy]

[jojo69]

...
There has to be some way to figure out fair distribution...

No, there does not have to be any "fair" anything.  The jurisdiction is Japanese bankruptcy law which, near as I can tell, is byzantine, rigid, and glacial.

Creditors will get whatever the courts say they get, fairness will have nothing to do with it.

[BTCMILLIONAIRE]

I love Economists. They provide me with a constant supply of lulz.

[Icygreen]

And this is exactly why I want BTC. The issuing bank is TD in Canada although I haven't confirmed the block with TD yet.  See ya coinbase, not sure I'll exactly miss you.

[Last of the V8s]

I love Economists. They provide me with a constant supply of lulz.

[BTCMILLIONAIRE]

I love Economists. They provide me with a constant supply of lulz.

I like the art style on that, is it a game?

[dieselmeister]

i think the guy who dumped yesterday, is now awake and continues to dump.

[Last of the V8s]

I like the art style on that, is it a game?

No it is real life. No it is https://tapas.io/series/GhostBlade https://www.youtube.com/watch?v=Vrj8VuLopmo

[Torque]

For any new hodlers, the dumping/shorting is designed to make you constantly feel like this:



Don't get frustrated. Hodl on! BTFD!