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

[HairyMaclairy]

So we have a bit of a replay of $6k here.  Except this time we are going through.

Context showing how we channelled between these bear lines at $6k, before ultimately breaking down.  1 Day chart.



This is us channelling through the same bear lines at $4k.  Except this time momentum is on our side and we wont break down although we can expect some bouncing around. 4 hour chart.  



So the next 48 hours aren't critical, but its well worth watching the show.  

[JayJuanGee]

So the next 48 hours aren't critical, but its well worth watching the show.  

You are no fun.   

[jojo69]

[HairyMaclairy]

Bitmex lightning routing economics paper

https://blog.bitmex.com/the-lightning-network-part-2-routing-fee-economics/

[Danslip]

Hard to say something.
Historic recurrence.

[Tzupy]

...
well...I made my 'mental bet' in a previous post...I think the price (hope I'm dead wrong) that due to mt. gox dumping 1.25 billion or so USD worth of bitcoin...supposedly May 2019.

Maybe that is where you are going wrong?  Distributing is not the same as "dumping."  You should know that.
...

There are issues with both of your statements. MtGox has only 141,686 BTC left, so nowhere near 1.25 billion $ at current prices.
Distribution has no chance to happen in May 2019, because of the Coinlab claim, of about 16 billion $ (previously 75 million $).
MtGox Trustee Kobayashi may have to sell (dump) a lot of BTC, if the Court will decide in Coinlab's favor (claim was rejected by Kobayashi), but this is unlikely.

[JayJuanGee]

...
well...I made my 'mental bet' in a previous post...I think the price (hope I'm dead wrong) that due to mt. gox dumping 1.25 billion or so USD worth of bitcoin...supposedly May 2019.

Maybe that is where you are going wrong?  Distributing is not the same as "dumping."  You should know that.
...

There are issues with both of your statements. MtGox has only 141,686 BTC left, so nowhere near 1.25 billion $ at current prices.
Distribution has no chance to happen in May 2019, because of the Coinlab claim, of about 16 billion $ (previously 75 million $).
MtGox Trustee Kobayashi may have to sell (dump) a lot of BTC, if the Court will decide in Coinlab's favor (claim was rejected by Kobayashi), but this is unlikely.

That is a fair characterization (and status update).  I do recall reading the creditor minutes, or something like that (or maybe it was your comments in another thread) that Kobayashi seems to be a bit anxious in terms of wanting to dump a certain amount of additional BTC.. just to feel more insured against possible future BTC downside volatility.

So, I was not saying that dumping was out of the question, but just concerned that Searing's seeming expectation of a distribution in May 2019 (even if that is unlikely too, as you stated), would not necessarily result in a BTC "dumping" as he had implied as a kind of current uncertainty that is hanging over bitcoin and causing it to price-move sideways.

[HairyMaclairy]

...
well...I made my 'mental bet' in a previous post...I think the price (hope I'm dead wrong) that due to mt. gox dumping 1.25 billion or so USD worth of bitcoin...supposedly May 2019.

Maybe that is where you are going wrong?  Distributing is not the same as "dumping."  You should know that.
...

There are issues with both of your statements. MtGox has only 141,686 BTC left, so nowhere near 1.25 billion $ at current prices.
Distribution has no chance to happen in May 2019, because of the Coinlab claim, of about 16 billion $ (previously 75 million $).
MtGox Trustee Kobayashi may have to sell (dump) a lot of BTC, if the Court will decide in Coinlab's favor (claim was rejected by Kobayashi), but this is unlikely.

The Coinlab claim is a joke. It is only a matter of time before the judge tells them to go jump.  The primary purpose of the Coinlab claim is to scare Mt Gox claimants to sell their rights for pennies on the dollar.  Be a shame to wait this long and give up now for pennies.

[HairyMaclairy]

Next Mt Gox Creditors meeting is in October 2019...




This is going to take years more at that pace.

https://www.mtgox.com

[xhomerx10]

Improving on the legacy Bitcoin model

Please don't denigrate Bitcoin.  Panera "bagels"  are simply over-baked bread rings so slicing it like bread is a no-brainer.   They're like the BitcoinSV of bagels.

[pera]

April 16, you heard it here first

[jojo69]

well, there it is

[Lambie Slayer]

Bears are so fucked once we finally break 4200. You had a nice 2018, BTCut its our time now.

102 days into the new BTCaby BTCull Market and all is well. 

[HairyMaclairy]

Improving on the legacy Bitcoin model

Please don't denigrate Bitcoin.  Panera "bagels"  are simply over-baked bread rings so slicing it like bread is a no-brainer.   They're like the BitcoinSV of bagels.

A joke in poor taste.  I went too far

[DaRude]

Hmm i was hoping to see Bitmain go belly up before the next bull run

[HairyMaclairy]

Cmon $22 more Badger.  You can do eeet! 

[JSRAW]

Bears are so fucked once we finally break 4200. You had a nice 2018, BTCut its our time now.

102 days into the new BTCaby BTCull Market and all is well. 

Baby Bull is in work in progress.

[mirakal]

Bears are so fucked once we finally break 4200. You had a nice 2018, BTCut its our time now.

102 days into the new BTCaby BTCull Market and all is well. 

You are right buddy, this is our time now, let the bull market begin soon.
We can break $4200 soon and I believe that we are just right on track now, the market is moving very well.

[Syke]

Hello $3xxx again. Been a long time.

[JayJuanGee]

Hey, JJG.

It's officially Thursday.

Fuck you, and иди нa xyй.

Why would you need to wait until Thursday to say anything to me, you dim witted twat, I mean cock sucker?  

I had presumed that you might be an adult.  So, grow the fuck, up.