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

[Raja_MBZ]

Amazing work:



https://twitter.com/fivekek/status/1138902795321577473

[JayJuanGee]

$150+ million sent to Coinbase, people are panicking. Including myself a little to be honest.

Link or it didn't happen.   

[g-uid]

$150+ million sent to Coinbase, people are panicking. Including myself a little to be honest.

source?

[Hueristic]

My mistake june 2016

I don't remember this, so I checked the thread from the 23rd June 2016 and it came to the rescue:

Is bitcoinity malfunctioning? The chart shows a spike on bitstamp down to 1.5 dollars about ten minutes ago, but there were less than 200 Bitcoins dumped to get it down that low. That must be a malfunction, I can't believe anyone could buy a bitcoin for 1.5 dollars

[brokenlink]

edit

It must be a bitcoinity malfunction because bitstamp's data page shows today's range never went below $540.17

[brokenlink]

Appears to be an API error. This would explain why it doesn't show up on Bitcoinwisdom.

I do remember a few years back (IIRC the price was 350 range?) it was dumped below 100 and was assumed a whale fatfingered but I can't really remember the specifics or the exchange.
I assumed that was it.
It would be cool if someone has a link to that.

[JayJuanGee]

My mistake june 2016

I don't remember this, so I checked the thread from the 23rd June 2016 and it came to the rescue:

Is bitcoinity malfunctioning? The chart shows a spike on bitstamp down to 1.5 dollars about ten minutes ago, but there were less than 200 Bitcoins dumped to get it down that low. That must be a malfunction, I can't believe anyone could buy a bitcoin for 1.5 dollars

[brokenlink]

edit

It must be a bitcoinity malfunction because bitstamp's data page shows today's range never went below $540.17

[brokenlink]

Appears to be an API error. This would explain why it doesn't show up on Bitcoinwisdom.

I do remember a few years back (IIRC the price was 350 range?) it was dumped below 100 and was assumed a whale fatfingered but I can't really remember the specifics or the exchange.
I assumed that was it.
It would be cool if someone has a link to that.

There was a significant fat-fingered quickie dump of BTC on BTC-e when BTC-e was a thing.. .  and it actually drug the rest of the market for a little bit.

[jonoiv]

My mistake june 2016

I don't remember this, so I checked the thread from the 23rd June 2016 and it came to the rescue:

Is bitcoinity malfunctioning? The chart shows a spike on bitstamp down to 1.5 dollars about ten minutes ago, but there were less than 200 Bitcoins dumped to get it down that low. That must be a malfunction, I can't believe anyone could buy a bitcoin for 1.5 dollars

[brokenlink]

edit

It must be a bitcoinity malfunction because bitstamp's data page shows today's range never went below $540.17

[brokenlink]

Appears to be an API error. This would explain why it doesn't show up on Bitcoinwisdom.

I do remember a few years back (IIRC the price was 350 range?) it was dumped below 100 and was assumed a whale fatfingered but I can't really remember the specifics or the exchange.
I assumed that was it.
It would be cool if someone has a link to that.

I don't buy the API issue,  it happens on diffent exchanges every now and again.  Whale fatfinger or whale panic is far more likley.   

[serveria.com]

My mistake june 2016

I don't remember this, so I checked the thread from the 23rd June 2016 and it came to the rescue:

Is bitcoinity malfunctioning? The chart shows a spike on bitstamp down to 1.5 dollars about ten minutes ago, but there were less than 200 Bitcoins dumped to get it down that low. That must be a malfunction, I can't believe anyone could buy a bitcoin for 1.5 dollars

[brokenlink]

edit

It must be a bitcoinity malfunction because bitstamp's data page shows today's range never went below $540.17

[brokenlink]

Appears to be an API error. This would explain why it doesn't show up on Bitcoinwisdom.

Well if that jonoiv retard is taking into account API errors then yes I agree we'll see $2600 or even $0 sometime soon... 

[LFC_Bitcoin]

Well if that jonoiv retard is taking into account API errors then yes I agree we'll see $2600 or even $0 sometime soon... 

Sheeeit !

Quick jonoiv -

[fillippone]

That's more like it. I think Theymos did a good job.

TL;DR Trust for trades, flags for marking jerks. Good.

The prime example that the merit system is a joke and serves no purpose is the fact JayJuanGee has a high level of merit.  None of those systems promote any honest or factual level of discourse.  All it is is someone posts "HURRR Bitcoin will go to $5 trillion each by tomorrow" then waves of mindless scammers give him +merit.  Things like merit, flags, and everything else are then nothing more than gauging who is most heavily pump and dump shilling.  This is why people like Trollgoossens have high merit as well, for doing nothing more than pump and dump shilling.

Haha sour grapes if its so easy where is all your merit? about 12 merits some suckers gave you. Now youre all upset.

Id say that's working pretty well.

(sorry all)

Don't get me wrong.. standing up for the sour puss, roach, but he has received much more than 12 merits.  In fact, he has received 194 merits from other members since the implementation of the merit system.   You can see all of his received merits on BPIP.  Currently, he is ranked as 312th most merited, which is no small feat given the thousands of BTC talk members... also, kinds of contradicts his points about only the undeserved receiving merits, and he seems to be a kind of "undeserved" merit receiver... while quite stingy in giving out any merits..

Notice that he has only given out 12 smerits in the two years since the merit system was established.

Don't get me wrong.  Roachie poachie is still a fucktwat, but there are some members who do send him smerits for his largely baloney, irrelevant and/or butt hurt posts.  

<sarcasm>
194 merits?
What are we talking about?
I got my 100th merit on January this year.

</sarcasm>

Sorry to be so cocky, I’m not like that usually, but Roach... come on...

[El duderino_]

Damn more and more on DT are respected HAT carriers, daaaaamn  nice to see!  

[serveria.com]

$150+ million sent to Coinbase, people are panicking. Including myself a little to be honest.

Link or it didn't happen.   

https://twitter.com/whale_alert/status/1138902590455001090?s=19 trust me I'm not happy about this either. I'm hoping it's from cold wallet to hot wallet or something.

Stop spreading FUD 

[Searing]

Damn more and more on DT are respected HAT carriers, daaaaamn  nice to see!  

Still don't understand DT. But then again, I'm likely never to be considered for such...er ...whatever it is..er confusing (yeah read the thread on this still confused)

moving on to things I can ponder. (blocks/ants/toe jam)

[fillippone]

Damn more and more on DT are respected HAT carriers, daaaaamn  nice to see!  

Still don't understand DT. But then again, I'm likely never to be considered for such...er ...whatever it is..er confusing (yeah read the thread on this still confused)

moving on to things I can ponder. (blocks/ants/toe jam)

I promised to keep DT drama away from WO’s family.
As far as I can see DT drama is at ATH and it’s percolating in this Thread.
I want to keep my oath and say I won’t interact anymore with any messages mentioning “DT” on this very thread.

[Ibian]

Facebook banned honk as hate speech.

[mindrust]

Damn more and more on DT are respected HAT carriers, daaaaamn  nice to see!  

Still don't understand DT. But then again, I'm likely never to be considered for such...er ...whatever it is..er confusing (yeah read the thread on this still confused)

moving on to things I can ponder. (blocks/ants/toe jam)

I promised to keep DT drama away from WO’s family.
As far as I can see DT drama is at ATH and it’s percolating in this Thread.
I want to keep my oath and say I won’t interact anymore with any messages mentioning “DT” on this very thread.

It is at its climax here:
https://bitcointalk.org/index.php?topic=5153678.0
Grab your popcorns  

[HI-TEC99]

$150+ million sent to Coinbase, people are panicking. Including myself a little to be honest.

Link or it didn't happen.  

https://twitter.com/whale_alert/status/1138902590455001090?s=19 trust me I'm not happy about this either. I'm hoping it's from cold wallet to hot wallet or something.

Stop spreading FUD  

Unfortunately I can't find an owner, research just keeps showing rich list addresses but I haven't dug deep. Im debating switching into a stable coin.

Walletexplorer.com says the coins were sent to a xapo wallet, not to coinbase.

https://www.walletexplorer.com/wallet/Xapo.com?from_address=3Qy5mTpumWh24f5UdwGPJEhStoD3A25fK9

The coins are probably going to its cold storage vault. There's too many to dump through its bitcoin-based debit card.

[JayJuanGee]

$150+ million sent to Coinbase, people are panicking. Including myself a little to be honest.

Link or it didn't happen.   

https://twitter.com/whale_alert/status/1138902590455001090?s=19 trust me I'm not happy about this either. I'm hoping it's from cold wallet to hot wallet or something.

Thanks for the link.... Yes..... There could be some explanation other than a whale who is considering dumps.. but who knows?    And, does it really matter?  Dumps come, even while the overall sentiment and BTC price dynamic seems to continue to be pretty damned bullish... so even if there were a dump of nearly 19k coins with presumed coordination of other whales, too...  would such possible dumping bring the BTC price down in any kind of significant and/or lasting way?  Perhaps?  Perhaps? 

Hard to either go against the momentum or to change the momentum, even for whales, and they are going to have to coordinate a few things, besides the 19k coins, if they are wanting to turn this baby around.

I continue to feel so good about our more than 2x price change in the past 10 weeks, so it is kind of difficult to feel anything approaching the despair, uncertainty and perhaps depression that was being felt by many between late November and up to late March.

Currently a vast majority of my BTC buy orders go down into the mid $3k arena, but I have decently little confidence that any of my orders below $4,500 have much of any kind of chance of getting filled... Of course, if the price starts to drop, then levels of confidence can go down with each level in which support is broken... which currently causes me good feelings - especially an additional level of confidence that I am never going to have to sell any BTC below $5k again... and almost as if that is my new lifelong situation - which also means that I am feeling quite comfortable because even if I sell any coins at $5k-ish, those hypothetical sales would be quite profitable to me..... even though it also would be like quite a bargain to many others to be able to pick up coins in the $5k arena, and if $5k is not perceived to be a bargain now, the longer that BTC prices fail and refuse to go down to those levels, the more widespread is going to become the perception of the vast majority of the masses of people that $5k-ish BTC is a bargain gobble up price.

[JayJuanGee]

That's more like it. I think Theymos did a good job.

TL;DR Trust for trades, flags for marking jerks. Good.

The prime example that the merit system is a joke and serves no purpose is the fact JayJuanGee has a high level of merit.  None of those systems promote any honest or factual level of discourse.  All it is is someone posts "HURRR Bitcoin will go to $5 trillion each by tomorrow" then waves of mindless scammers give him +merit.  Things like merit, flags, and everything else are then nothing more than gauging who is most heavily pump and dump shilling.  This is why people like Trollgoossens have high merit as well, for doing nothing more than pump and dump shilling.

Haha sour grapes if its so easy where is all your merit? about 12 merits some suckers gave you. Now youre all upset.

Id say that's working pretty well.

(sorry all)

Don't get me wrong.. standing up for the sour puss, roach, but he has received much more than 12 merits.  In fact, he has received 194 merits from other members since the implementation of the merit system.   You can see all of his received merits on BPIP.  Currently, he is ranked as 312th most merited, which is no small feat given the thousands of BTC talk members... also, kinds of contradicts his points about only the undeserved receiving merits, and he seems to be a kind of "undeserved" merit receiver... while quite stingy in giving out any merits..

Notice that he has only given out 12 smerits in the two years since the merit system was established.

Don't get me wrong.  Roachie poachie is still a fucktwat, but there are some members who do send him smerits for his largely baloney, irrelevant and/or butt hurt posts.  

<sarcasm>
194 merits?
What are we talking about?
I got my 100th merit on January this year.

</sarcasm>

Sorry to be so cocky, I’m not like that usually, but Roach... come on...

Actually, there seems to be no need to compare or to compete with Roach in regards to merits. 

Of course, you, fillippone, provide heads and shoulders more valuable, meaningful and topical information than roach... so there is not even any kind of comparison. 

But, there are also a lot of trolls, shills, racists and other kinds of bitcoin hating nutjobs who would likely be more than willing (or desparate) to contribute to "the roach cause," as a kind of martyr.. for him to fight the good fight.. and he may even receive payment from some stupid ass desperate bitcoin naysayers or bcash pumpers. 

So, for me, the quantity of Roach's merits is a kind of "who gives a shit?" consideration. 

By the way, I will also admit that there have been a few occasions that roach's level of retardedness has caused me to laugh so heavily that I thought that my days on this earth might be limited and loss of control of some of my muscles, including my merit sending finger almost slipped in the direction of that dumbass.   

[JayJuanGee]

$150+ million sent to Coinbase, people are panicking. Including myself a little to be honest.

Link or it didn't happen.  

https://twitter.com/whale_alert/status/1138902590455001090?s=19 trust me I'm not happy about this either. I'm hoping it's from cold wallet to hot wallet or something.

Stop spreading FUD  

Unfortunately I can't find an owner, research just keeps showing rich list addresses but I haven't dug deep. Im debating switching into a stable coin.

That should NOT be an adequate nor sufficient reason to sell any kind of significant amount of BTC. or to change whatever BTC plan/strategy that you have previously created for yourself (unless you are just making a minor tweak).  

In other words, is your BTC plan/strategy so jitter-based that some kind of uncertainty thing like this is going to cause you to make a speculative gamble towards the downside based on one piece of speculative short-term information?

Ultimately, do what you want with your BTC.... but that kind of information regarding the movement of 19k BTC onto an exchange should not serve as any kind of BIG consideration.

[pereira4]

The world needs good money. It NEEDS it. Fiat is not it. Fiat is awful in every way. Gold and silver are pretty good in some situations but just plain worthless when it comes to digital commerce...

..So what if we could solve that problem with a collective delusion. A collective delusion not dissimilar to what gives fiat money value. What if we could all just agree that bitcoin is special because we need it to be special.

It's not a negative that physical metals as money are NOT CONDUCIVE to globalization, it's A FEATURE - a positive one.  Globalization creates overspecialization and lack of local redundancy, which then results in complete system collapse with the side effect of 90% of civilization having no reason to exist.  See Joseph Tantor et al.  Oh, you want to be able to buy everything on the planet from Amazon while every other store on earth goes out of business?  Too bad.  Local economies have to exist with redundant systems to the next state or country over.  If you're not doing things redundantly to the country next to you, you're not a country in the first place and are just a defacto, global, feudalist govt cog.

No, we do not need a "collective delusion".  Delusion is just a synonym for scam.  The further you abstract from barter, the bigger a scam you have.  The closest thing to barter without actually using barter is trading non-perishable physical commodities or resources.  Anything that's not a resource or commodity is just an artificial scarcity Keynesian scam.  Yes, digital shitcoin scammers are Keynesians while pretending not to be.  Whether you believe the universe was created by some sort of God or it created itself, the only way you're getting out of Keynesian scams is by using the tools the universe gave you for economics instead of pretending to play God yourself.  I have zero interest in participating in some moron's attempt to play God when the universe itself has created far superior systems.

How would you deal with the fact that it's only a matter of time we are able to mine gold in aesteroids/other planets and the supply will end up becoming huge with so much gold that it will become worthless? God could have placed massive amounts of gold somewhere and we'll end up finding it. With Bitcoin you don't have to worry about such things.

Sorry but you cannot go back in time. Global value settlement is where it's at and Bitcoin defeats gold in every department. If you want to keep things within your local Amish community then good luck with your financial goals in 2020.

I have zero interest in participating in some moron's attempt to play God when the universe itself has created far superior systems.

Which one are you going to prefer for traveling?

1. Donkey ride (so natural and a ride created by the universe itself)
2. Lamborghini ride (which is some moron's attempt)

 

1)  Metals are superior to imaginary, valueless, digital shitcoins as a settlement system.

2)  A donkey is not a superior form of transportation.

3)  A Lamborghini is not an artificial, Keynesian construct; it's made of metal, so part of the natural world and not even a valid comparison.  Keynesian systems are entirely arbitrary and based on magic numbers.  A shitcoin can be made of 21 or 21 million units.  A lambo cannot have 21 million wheels or be made out of bread.

Bitcoin is not some sort of voodoo magic, it's still physical, atoms are there moving. Proof of Work needed to generate certain combinations of atoms, which cannot be generated out of thin air as you need said PoW. Metalheads have a hard time grasping this.