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

[vroom]

I predict a violent price explosion within the next 5 days. The spiral spring is charged and ready to release it's energy.

[1714135984]

1714135984

[fillippone]

Next 5 days are critical

[Wilhelm]

I predict a violent price explosion within the next 5 days. The spiral spring is charged and ready to release it's energy.

Hope you are right...

[SuperTA]

 lol, troll

[bkbirge]

2 Billion of tax payments for Ira, thats a lot of BTC to sell
https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/

Did anyone think that CSW would give an interview for free?
No. This is just an elaborated "consortium" to FUD that Bitcoin price could fall. (Not that it wouldn't be volatile anyway).

What a weird read, the guy seems to have a bit of a messianic complex. IMO if Ira dumped all those coins immediately I would love it, BTC tanks temporarily for a day or less and we all pick up cheap coins. The total supply remains the same, a btc is still a btc. To me, this would be a lot different than uncertainty in the market or another exchange hack tanking btc. And what's cooler is it likely won't be priced in beforehand as no one knows when or even if Ira will dump. So yeah, bring it on.

[SuperTA]

Changed to - Bitcoin Wall Observer -  

https://www.youtube.com/watch?v=kXzwOKyGlSA&t=3s

[Phil_S]

I predict a violent price explosion within the next 5 days. The spiral spring is charged and ready to release it's energy.

Maybe September 1st?!

[Negotiation]

The Bull market in Bitcoin’s Hashrate looks set to continue

via Imgflip Meme Generator

https://twitter.com/redditbtc/status/1166207607905882113?s=21

Gift for you
 Bull keep up continue.

[Wilhelm]

2 Billion of tax payments for Ira, thats a lot of BTC to sell
https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/

Did anyone think that CSW would give an interview for free?
No. This is just an elaborated "consortium" to FUD that Bitcoin price could fall. (Not that it wouldn't be volatile anyway).

What a weird read, the guy seems to have a bit of a messianic complex. IMO if Ira dumped all those coins immediately I would love it, BTC tanks temporarily for a day or less and we all pick up cheap coins. The total supply remains the same, a btc is still a btc. To me, this would be a lot different than uncertainty in the market or another exchange hack tanking btc. And what's cooler is it likely won't be priced in beforehand as no one knows when or even if Ira will dump. So yeah, bring it on.

The story is strange because you can only tax what is owned. So only if a legal document explaining the trust is available, explaining the contents of the trust aswell, he would need to pay up on behalf of the trust.
I wouldn't think a smart guy would have his bitcoins mentioned in some legal document on which the IRA can lay it's hands.

The coins won't be dumped. If you look at the Silkroad coins, they were auctioned.
So I believe the Bitcoins will be auctioned for the price that the IRA need, maybe in batches.
Who will be auctioning the coins is unclear, so either the IRA or CSW.
Don't think the coins will get dumped in one go or even hit the exchanges.

Having those coins dispersed into the network is good since there will be less and less whales that can manipulate the price.

Maybe the current sideways movement is the dumping of those coins to gather the owed amount in USD... 

[El duderino_]

Bitcoin Math: 50% of 0 = 0
BSV Math: 50% of 0 = $5 billion

https://twitter.com/whalepanda/status/1166332007204433920?s=21

  

[El duderino_]

"~10K is the new ~6K", but instead of breaking down it will hold and start grinding UP.

You heard it here first.

https://twitter.com/muststopmurad/status/1166160090417815553?s=21

Its feeling that way.... hope the Bulls are right

[LFC_Bitcoin]

Good afternoon Bitcoinlandia,

Price is boring me, haven’t been as active the last couple of days. Managed to just buy a little bit more so having a nice day. The sun is out, just going out for an early dinner & LFC are top of the Premier League.

Happy days, have a good one gentlemen.

[Negotiation]

Bitcoin Math: 50% of 0 = 0
BSV Math: 50% of 0 = $5 billion

https://twitter.com/whalepanda/status/1166332007204433920?s=21

  

No calculation No Math
1 BTCitcoin=1 BTCitcoin

[bkbirge]

2 Billion of tax payments for Ira, thats a lot of BTC to sell
https://modernconsensus.com/cryptocurrencies/bitcoin/exclusive-interview-with-craig-wright-just-after-ordered-to-pay-5-billion-in-bitcoin/

Did anyone think that CSW would give an interview for free?
No. This is just an elaborated "consortium" to FUD that Bitcoin price could fall. (Not that it wouldn't be volatile anyway).

What a weird read, the guy seems to have a bit of a messianic complex. IMO if Ira dumped all those coins immediately I would love it, BTC tanks temporarily for a day or less and we all pick up cheap coins. The total supply remains the same, a btc is still a btc. To me, this would be a lot different than uncertainty in the market or another exchange hack tanking btc. And what's cooler is it likely won't be priced in beforehand as no one knows when or even if Ira will dump. So yeah, bring it on.

The story is strange because you can only tax what is owned. So only if a legal document explaining the trust is available, explaining the contents of the trust aswell, he would need to pay up on behalf of the trust.
I wouldn't think a smart guy would have his bitcoins mentioned in some legal document on which the IRA can lay it's hands.

The coins won't be dumped. If you look at the Silkroad coins, they were auctioned.
So I believe the Bitcoins will be auctioned for the price that the IRA need, maybe in batches.
Who will be auctioning the coins is unclear, so either the IRA or CSW.
Don't think the coins will get dumped in one go or even hit the exchanges.

Having those coins dispersed into the network is good since there will be less and less whales that can manipulate the price.

Maybe the current sideways movement is the dumping of those coins to gather the owed amount in USD...  

https://cointelegraph.com/news/craig-wright-kleiman-estate-will-now-dump-2-billion-in-bitcoin
I'm not sure it would be a big deal either way. I mean, if they have to raise $2 billion USD to pay an estate tax, that's roughly 20,000 200,000 btc at recent prices. According to: https://coinmarketcap.com/currencies/bitcoin/
Last 24 hour volume is: 1,557,163 BTC
20,000 200,000 BTC is a small big fraction of that daily reported volume. So whether auctioned or dumped on the open market I guess it doesn't really matter holy fuck.

[mindrust]

https://cointelegraph.com/news/craig-wright-kleiman-estate-will-now-dump-2-billion-in-bitcoin
I'm not sure it would be a big deal either way. I mean, if they have to raise $2 billion USD to pay an estate tax, that's roughly 20,000 btc at recent prices. According to: https://coinmarketcap.com/currencies/bitcoin/
Last 24 hour volume is: 1,557,163 BTC
20,000 BTC is a small fraction of that daily reported volume. So whether auctioned or dumped on the open market I guess it doesn't really matter.

Except...

CMC volume reports are %90 bogus.

The real 24h trade volume of BTC is only $1.2b which is ~120kBTC

Source: https://openmarketcap.com/

[bkbirge]

...and oddly on topic just posted news...
https://cointelegraph.com/news/coinmarketcap-sets-november-target-date-for-new-liquidity-rankings

[SuperTA]

BTC/USD CME

When the 4h candle closes above the yellow line we will get the bullish momentum. The good news is that the daily candle still didn't close bellow the yellow line on the daily chart.

[JSRAW]

~Snip~

Enjoy!!

But why shilling the SC, Hide it

[El duderino_]

~Snip~

Enjoy!!

But why shilling the SC, hide it

Replace it

[Phil_S]

"~10K is the new ~6K", but instead of breaking down it will hold and start grinding UP.

You heard it here first.

https://twitter.com/muststopmurad/status/1166160090417815553?s=21

Its feeling that way.... hope the Bulls are right

I'm starting to think we might stay at 10k for the rest of 2019, now that would be super-boring 4 months.