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

[samson]

I tried to research how much money was actually invested in crypto and few sources said that it's about 10% of indicated market cap. Yesterday Mt.Gox's Kobayashi presumably sold BTC equivalent of ~$7,000,000 and market cap was decreased for ~$70,000,000, is there any relation or it's just a coincidence?

If $7 000 000 worth of bitcoin was sold, that means another $7 000 000 was invested in bitcoin.  

The MtGox coins which moved have been consolidated into a single address via two transactions from the original addresses where they've sat since 2014, this is where they are now :

https://blockchain.info/address/1LncfoCX1yzuiW3hzejarvgZ1WahnAQ4o4

They're just sitting there doing nothing.

[Icygreen]

Yeah, we're just going to bleed all the way down. I'm about to go all Shroomskit in this mofo. I'm super serious right now.

Schrodingers cryptowinter

fairweather limp-wristed lily-livered slack-handed capitulation monkeys!

Is this your new capitulation account BMB?

[JayJuanGee]

good grief

A kind of astroturfing seems to be happening....

Yeah, we're just going to bleed all the way down. I'm about to go all Shroomskit in this mofo. I'm super serious right now.

it's going to stop bleeding at some point, but where is the bottom? huge buy wall at 8200, wonder if it's going to hold.
No real rebound yet

Sure, there are going to be some folks who end up selling at the very bottom or close to the bottom because they are getting too nervous about these kinds of shake ups... and selling when they should either be buying or HODLing.

[luckygenough56]

Momentum is gone guys. The plan was always to push bitcoin to ridiculous heights for no reason and then bleed it on noobs for years to come.

I am truly sorry.

[Majormax]

Momentum is gone guys. The plan was always to push bitcoin to ridiculous heights for no reason and then bleed it on noobs for years to come.

I am truly sorry.

Was there a missing /s tag ?

Momentum is in fact gone for now. Try not to worry about the long downtrend, its just a cycle. Area below $5000 needs a second test, and the process will be long and painful. Look beyond 2019 for new ATH.

[El duderino_]

this moment When Where Going down ..... i can only be happy its saturday , the more of a good excuse i have to get totaly drunk @dinner This evening  So still not on my last Smerit thanks to bob  but Shore AS hell if i’m wasted This evening i must send a drunk merit,
Actually its pity cause i thought we were crossing 10k by now but ok its Just hodl and wait a little longer, Just Another wave to ride and Another dip to buy So to all the hodlers HODL and all the trolls(roach) take one of youre moments to spread Some FUD we love iT knowing you Just sitting on the side lines NOCoining 
And let us see how critical the next 24h gonna be ...... let the fools sell BTC to stronger HODLhands Common !

[buyandhold]

The bitcoin woke up with a stiffie.

[stompix]

I tried to research how much money was actually invested in crypto and few sources said that it's about 10% of indicated market cap. Yesterday Mt.Gox's Kobayashi presumably sold BTC equivalent of ~$7,000,000 and market cap was decreased for ~$70,000,000, is there any relation or it's just a coincidence?

If $7 000 000 worth of bitcoin was sold, that means another $7 000 000 was invested in bitcoin.  

The MtGox coins which moved have been consolidated into a single address via two transactions from the original addresses where they've sat since 2014, this is where they are now :

https://blockchain.info/address/1LncfoCX1yzuiW3hzejarvgZ1WahnAQ4o4

They're just sitting there doing nothing.

I find in funny how some 8000 coins have managed to scare almost all traders in a market that claims to have daily volume of 876,681 BTC

If Kobayashi moves another batch we're going to see 7000 probably  .
Would be hilarious to hear him on Monday saying that the move was for security reasons and that he has no plans on selling any of those coins.

[Raja_MBZ]

I need some more of this rat poison ASAP before it gets too expensive!

[4rt3m]

r0ach is now stooping to quoting himself with Russian sock puppet accounts b/c he knows we all have him on ignore

Lol j/k

You played yourself, puppet.

[LFC_Bitcoin]

I need some more of this rat poison ASAP before it gets too expensive!

Love that bro!
You forget don’t you as the years pass. That’s amazing, anything similar to any of those years would be fantastic.

+3 WO Merit’s

[4rt3m]

Fasten your seatbelts, folks. How many Silicon Valley bubbles inflated with brave Indian coders.

5,000 Developers in India Ready to Work on Crypto Projects

https://news.bitcoin.com/developers-india-crypto-projects/

[Torque]

Remember folks. OpSec is serious business.

https://www.thesun.co.uk/news/6215123/bitcoin-millionaire-pavel-makushin-russia-st-petersburg/

"BITCOIN AND ROBBING Bitcoin millionaire kills himself after having £280k stolen from his flat days after showing off bundles of cash on social media"

That's really sad.

OpSec is always important. But especially in countries like Russia, where it seems like nefarious criminals are just waiting to pounce on the innocent.

[Torque]

In other news, the people of Hawaii just don't fkn get it. When mother nature gets a rollin', she ain't gonna stop until she reaps major havoc first. It doesn't just end in a week or two because humans think it should.

http://www.foxnews.com/us/2018/05/08/hawaii-volcano-triggers-more-evacuations-as-2-new-vents-appear.html
https://www.npr.org/sections/thetwo-way/2018/05/08/609503580/days-weeks-years-scientists-say-hawaiis-erupting-volcano-has-no-end-in-sight

Little known fact: The people of Pompeii had weeks, months of warning *exactly* like what is happening now on on Hawaii's Big Island.

GTFO now, people.

http://www.foxnews.com/science/2018/05/12/hawaii-volcano-evacuation-alert-may-arrive-on-short-notice-officials-warn.html

Mother Gaia is angry. Hawaiian peoples, pls heed the warning. GTFO.

[buyandhold]

Mother Gaia is angry. Hawaiian peoples, pls heed the warning. GTFO.

[cAPSLOCK]

You need to step up your game JJG 

I'm good if he leaves it right there.

[bones261]

Mother Gaia is angry. Hawaiian peoples, pls heed the warning. GTFO.

Native Hawaiians don't give a fuck about Mother Gaia, since she is a Greek myth. It's Pele they would be concerned about getting angry. However, per the photo, it appears Pele is quite happy ATM.

[sirazimuth]

Please do not quote him as everyone has him on ignore. Because we're all jews.

Better yet, quote him really really inaccurately. I bet that will get him going. Especially since he knows that no one will be able to see what he actually said or his protests, so everyone will just assume he actually said it.

that's a trolly good idea!

[cAPSLOCK]

Now have a beer and come back in 2021

Sh'ma Yisra'el, YHVH 'eloheinu, YHVH 'eḥad!

Nice!

[sirazimuth]

Native Hawaiians don't give a fuck about Mother Gaia, since she is a Greek myth. It's Pele they would be concerned about getting angry. However, per the photo, it appears Pele is quite happy ATM.

not sure I see the resemblance, then again, I'm half blind anyway....