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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (8.9%)
8/4 - 16 (12.9%)
8/11 - 8 (6.5%)
8/18 - 6 (4.8%)
8/25 - 8 (6.5%)
After August - 74 (59.7%)
Total Voters: 124

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26490628 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
jojo69
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diamond-handed zealot


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December 22, 2013, 01:56:27 AM
 #67421

controls, not owns, he is a funds manager
granathus
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December 22, 2013, 02:01:17 AM
 #67422

There is a guy called Loaded who owns 200k coins?  Shocked Shocked

Loaded doesn't own them all but he owns at least the 40,000 at this address afaik: https://blockchain.info/address/14j6jLececs66ZQ8ew6vTFNiEn2NupacWJ

A lot are secured and managed by him on behalf of others

Pfft, only 40,000 coins... Thought for a moment he was a heavyweight.  Cheesy
ChartBuddy
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December 22, 2013, 02:01:55 AM
 #67423

byronbb
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HODL OR DIE


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December 22, 2013, 02:06:58 AM
 #67424

Well looks like we are going to see if that wall @ 600 is real........
jojo69
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December 22, 2013, 02:25:03 AM
 #67425

that was not exactly what I had in mind
granathus
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December 22, 2013, 02:26:54 AM
 #67426

Weird timing on that stamp buy.
I_bitcoin
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December 22, 2013, 02:39:59 AM
 #67427

I still don't get these weekend downward drifts.    If it usually pops up during the week why wouldn't people hold? crazy.
thezerg
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December 22, 2013, 02:48:42 AM
 #67428

I still don't get these weekend downward drifts.    If it usually pops up during the week why wouldn't people hold? crazy.


because it could pop up less than it fell.  Same reason (but inverse) ppl don't wait for the weekend to buy.
Xiaoxiao
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The Golden Rule Rules


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December 22, 2013, 02:57:06 AM
 #67429


I still don't understand this post. Was it large chunks moved hence 'days destroyed' or was it many small amounts?
Sitarow
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December 22, 2013, 03:01:36 AM
 #67430


ChartBuddy
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December 22, 2013, 03:01:53 AM
 #67431

gandhibt
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December 22, 2013, 03:04:48 AM
 #67432


I still don't understand this post. Was it large chunks moved hence 'days destroyed' or was it many small amounts?

"So a high number of bitcoin days destroyed means that either old coins that haven't moved for a long time are moving, or that someone with a large number of bitcoins are spending them (or both)."
TERA
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December 22, 2013, 03:42:17 AM
 #67433

I thought it was the hours of sleep and socializing that I had lost.
HairyMaclairy
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December 22, 2013, 03:48:18 AM
 #67434

Something wrong with my browser I am only seeing posts on wall observer at 40 minute intervals. 
Sitarow
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December 22, 2013, 03:55:56 AM
 #67435

MaxwellsDemon
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Converting information into power since 1867


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December 22, 2013, 04:01:07 AM
 #67436


I still don't understand this post. Was it large chunks moved hence 'days destroyed' or was it many small amounts?

"So a high number of bitcoin days destroyed means that either old coins that haven't moved for a long time are moving, or that someone with a large number of bitcoins are spending them (or both)."

In this case you can actually tell that it's old coins.
The total output volume yesterday was about 1 million BTC, which is below the recent average. The days destroyed were about 134 million, which is WAY above average. Therefore you can assume that most of the coins transacted were "regular" young coins, but some of them were very very old.

To back this up, blockchain.info has a feature that filters days destoryed by coin age. If you filter with a minimum of 1 year, those transactions account for 131 million out of 134 million total days destroyed yesterday. Since most of the coins moved on an average day are just a few days old, this further suggests that a significant amount of coins more than 1 year old were moved.

Assuming no more than 100,000 old coins are involved (probably much less), they would have to be at least 3.5 years old. So it seems likely that a very big miner from 2009/2010 just moved a lot of coins for the first time since mining them.
ChartBuddy
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December 22, 2013, 04:01:55 AM
 #67437

seleme
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Duelbits.com


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December 22, 2013, 04:50:49 AM
 #67438

Goat back when he was poor bastard...

DaRude
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In order to dump coins one must have coins


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December 22, 2013, 04:51:15 AM
 #67439

Goat back when he was poor bastard...



His first lambo  Grin
seleme
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Duelbits.com


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December 22, 2013, 04:55:27 AM
 #67440

Goat back when he was poor bastard...



His first lambo  Grin

But this made him rich  Grin

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