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

[Last of the V8s]

Very grateful for your comments, suggestions and some PM received!

Now I must stick to the new plan, buy small quantities regularly.
The previous one was executed as planned, if the accumulated total of fiat fell for any reason, the investments or bitcoin would be sold before stressing the family economy.

The really important thing is that I can still eat and drink, all is not lost.

(Now I am a bull without horns and without BTC)

Better for me if we close this conversation here, I'm sure the situation will improve.

Thx

You could post a BTC address here. You may get some donations, or compensation for the work you've put into the thread. There are probably some generous, BTC rich people around here.

Or you'll get mercilessly roasted for being a nocoiner beggar.

*shrug*

He does have an address in his profile 1PCm7LqVkhj4xRpKNyyEeekwhc1mzK52cT

Is that right?

[cAPSLOCK]

I remember some of you guys used to grin a lot... How's your sh!tcoin doing?


18 Months In, Few People Use, Mine or Buy Privacy Coin Grin

https://www.coindesk.com/18-months-few-people-use-mine-buy-privacy-coin-cryptocurrency-grin

Not sure why you are so up in arms because of a $20-30mil market cap alt.
Nobody really bought it, but you could have mined it on a video card, which is not really possible with other coins.
It's too difficult to use, hence it is mostly a developer toy. Plus, it has high inflation in a first few years as supply is growing linearly (at around 63 mil/year).
Not really anonymous, either.

Yeah.  People do not understand that the innovation in MimbleWimble is not the "privacy", but the potential for scaling with a lightweight blockchain.  I think that is why so many bitcoin talk OGs were interested.

But it is unproven tech, and  Grin is the proving ground for better or worse.

It's economics are also interesting.  And in some ways obviously not designed for competition with BTC.  I have never mined, nor bought a single pip of Grin, myself.

I find people's obsession with alts failing to be a telling thing about someone's security when it comes to Bitcoin's place as the lindy project with network effect.

In the end we HAVE to do the experiments.

Some coin HAS to try to be a world computer and do all calc on chain. (ETH)
Some coin HAS to have no blocksize limit and store all kinds of data on chain and centralize. (BSV)
Some coin has to have inflationary monetary policy. (Doge?)
Some project has to have an opaque base layer, and be capable of truly private use. (Monero?)
ETC ETC ETC
Grin gets to try to prove out mimblewimble.

And then there are all the projects that have no purpose because they try to compromise on one or more of those aspects in the name of "moderation" (BCH?).  

We simply cannot live in a world where BITCOIN exists as an open source distributed ledger tech attempting to become money where competing forks and copycat software does not exist.  Can't have both of those things.

It sucks for those of us old enough to have less life left to live as this stuff works itself out... but it has to work itself out.

My bet is on Bitcoin.  (Well, and I do keep a Monero side bet so to speak...  I just list that here to make JJG froth)

I would refer to this as a @cAPSLOCK conjecture: we HAVE to do experiments while betting on bitcoin (and others, as a side bet, if you are pleased to do so and in moderation).

I am honored.  But the key is simple. 

Open source? CHECK 
Decentralized? CHECK

Therefore:

Chaos? CHECK
COPYCATS? CHECK

It has to be... and in the end Mosaic lives on in Mozilla (I know not really a direct descendant...  but in spirit at least, and that dev team)  And though I do not think there will be a webkit, or chrome in the bitcoin space... there will at least be a few Edges.

And most likely the real world changing tools are the Netflixes that have yet to be built on TOP of BTC.

I am placing my bets...  really just 2 of them.

[infofront]

Very grateful for your comments, suggestions and some PM received!

Now I must stick to the new plan, buy small quantities regularly.
The previous one was executed as planned, if the accumulated total of fiat fell for any reason, the investments or bitcoin would be sold before stressing the family economy.

The really important thing is that I can still eat and drink, all is not lost.

(Now I am a bull without horns and without BTC)

Better for me if we close this conversation here, I'm sure the situation will improve.

Thx

You could post a BTC address here. You may get some donations, or compensation for the work you've put into the thread. There are probably some generous, BTC rich people around here.

Or you'll get mercilessly roasted for being a nocoiner beggar.

*shrug*

He does have an address in his profile 1PCm7LqVkhj4xRpKNyyEeekwhc1mzK52cT

Is that right?

Oh yeah. I forgot that space exists. Kind of like my wife's...nevermind.

[DaRude]

Wut?
Coinbase from February 2009 has just been moved!

Someone moved the coinbase from block 3,654!
This is HODLING!

With a 80/20 split -- my guess is that someone professionally recovered the wallet password.    I've used a service, took 14 months to crack but they did it and took 20%.   This could be an old wallet.dat file that someone found and didn't have password.  

I think this is highly unlikely.  Possible, yes... but kind of the opposite of Occams razor.  Someone mining literally 1 month in?  The chances of this person losing their key is pretty slim.  This is a fairly rarified group of cypherpunks at that point.  Things like passwords and the like are in their blood.

Also it is extremely unlikely that this person needs to move those coins.

So that means this is being done for another reason.

And that is why the entire market just sneezed and is now holding it's breath.

I expect CSW comes out full bore shortly.  And one motivation for doing this would be to lay a trap for him.  I would LOVE TO SEE THAT.  Course, I guess this could also be the tip of the "rolling iceburg"? ROTFLMFAO.

The reality is whomever did this... there is 99% chance that this is all meta.  Know what I mean?  They are not planning on building a new swimming pool or something.

My bet is on Hal's estate, just selling some FIFO

[vapourminer]

Bitcoin remains the best investment on the block, even if more Armageddon-like circumstances end up playing out way more than we would have wished them to be.. and yeah there could be some shutting down of the internet and communications, too but is that really going to bring down the value of bitcoin and our ability to store it and perhaps transmit value from time to time, as needed in it?  Yeah, sure, buy yourself some guns, bullets and maybe even a bunker, and hopefully that does not take up too much of your current resources that you cannot keep a decent amount of your value in bitcoin a the same time..

wow and i though i was the doom and gloom guy. im far too small a target to worry. even us average folks have investments and advisers.

[JayJuanGee]

Perhaps we can raise some money for our bro? Like donations for ex-bitcoiners who were forced to sell?  

We could have a "fallen bros" donation fund.

Like insurance for hat wearers.

What could go wrong?

Does mindrust qualify?  

That's part of the problem of any bailout... how to decide criteria and who would qualify?  This would not really be insurance unless members would have to pay in to be eligible.. and that would likely be shut down soon by admins of the forum...

Probably any such fund would establish the criteria ahead of time, and then contributions would be made into such fund based on the criteria that had already been established.  You see how quickly it gets messy.

I suppose any well to do member might establish such fund himself/herself and maybe even fund such effort to the extent that donations might not cover it.. but then if there were a fund that required group input, then the selection or election of the group might be established ahead of time, too.

It seems messy, almost no matter what when we are on the interwebs, because it can be quite difficult to verify some of the stories, so maybe in some sense, the whole concept of a fund would be from a benevolent dictator rather than a committee because the benevolent dictator would not necessarily have to account, except when s/he is receiving funds people expect some kind of an accounting, and s/he could decide if s/he believes the story (and justification) for a bailout with some portion of the funds.

Let's say for example that I had started a fund earlier in the year, and I had already set forth that I was going to consider various cases in which members might need a bailout, and maybe one of the criteria would be that any bailout would be locked up for one year and another criteria would be that they would have to lock up some amount that is similar to the bailout and also employ dollar cost averaging and HODLing.. blah blah blah.  I also disclosed that I had .5BTC that I was going to start out with the fund, and I set forth some criteria, and I said that anyone could donate to the fund, if s/he wanted to help the fund.  So in the last several months, I had received an additional .1BTC.. so the totality of the fund had added up to .6BTC.

Thereafter, I had been confronted with the case of mindrust and the case of VB1001, and based on my having had gathered evidence, I decided that mindrust deserved a .05BTC bailout and VB1001 deserved a .125 bailout (this conclusion regarding amounts is hypothetical and is assuming some facts that might not be in evidence, such as mindrust having had panic sold and that VB1001 was more morally justified in his having had sold.. which might well be BIG-ASS assumptions but are fine for illustrative purposes).  

So in the end, members might decide to support (or give to) the fund based on my previous decisions, my stated criteria and they might believe that I am a fair person in these kinds of ways.  Others might not want to give to such a fund for a variety of reasons including that they don't agree with bailouts, they don't trust my decisions in regards to eligibility or my discretion (or they don't want to give me such powers) and/or they also might believe that there is a long scam potential or exit scam potential with the establishment of such a honey pot. Seems messy to me, but there could be ways to arrange such a thing, but anyone who arranges it too, and agrees to take donations, is likely going to receive negative feedback and skepticism regarding their purported good intentions.  

[Devawnm367]

So 50 BTC got moved from a wallet from 2009? People are saying it was one of the known addresses for CSW? What is everyone elses input on that? I really do not believe he is Satoshi! Now he may have been an early adopter but I do not think he was part of the (TEAM) behind bitcoin....


I just wish I had 1 out of 50 of those coins.... It is crazy to me that 1 block of 50 BTC is worth half a million dollars now... smh why did I not know about BTC back then smh...

https://www.blockchain.com/btc/tx/cb1440c787d8a46977886405a34da89939e1b04907f567bf182ef27ce53a8d71

[JayJuanGee]

Changed my summer holiday last night due to COVID19, we were due to stay in a villa in Tenerife. It was free to edit the holiday with the same company so to be safe I said to the girl to rebook for April 2021, I let the girl loose with the booking reference & when I ask where she booked she answers Mexico & it’s an extra £2500.

Fucking women, I hope r0ach doesn’t see this post.

When $10,000?

Id ve asked her to book a date when all accept Bitcoin to pay

than 10K

 then

 Than is used for comparison, then is used for time.  What you wrote can make sense using either then or than but they have entirely different meanings.

 Of course I could be mistaken in what you meant to say; it's better then than than then.

A hat-maker with an engwish teaching side gig, or the other way around?

Who proclaimed that jacks-of-all-trades had gone extinct?

 

[serveria.com]

Am I the only one who believes that it will fell below 8000$?

In short: yes 

[cAPSLOCK]

Wut?
Coinbase from February 2009 has just been moved!

Someone moved the coinbase from block 3,654!
This is HODLING!

With a 80/20 split -- my guess is that someone professionally recovered the wallet password.    I've used a service, took 14 months to crack but they did it and took 20%.   This could be an old wallet.dat file that someone found and didn't have password.  

I think this is highly unlikely.  Possible, yes... but kind of the opposite of Occams razor.  Someone mining literally 1 month in?  The chances of this person losing their key is pretty slim.  This is a fairly rarified group of cypherpunks at that point.  Things like passwords and the like are in their blood.

Also it is extremely unlikely that this person needs to move those coins.

So that means this is being done for another reason.

And that is why the entire market just sneezed and is now holding it's breath.

I expect CSW comes out full bore shortly.  And one motivation for doing this would be to lay a trap for him.  I would LOVE TO SEE THAT.  Course, I guess this could also be the tip of the "rolling iceburg"? ROTFLMFAO.

The reality is whomever did this... there is 99% chance that this is all meta.  Know what I mean?  They are not planning on building a new swimming pool or something.

My bet is on Hal's estate, just selling some FIFO

This is possible.  But it seems unlikely to me.  Someone in that position would almost CERTAINLY be being advised by a cryptographer with a good idea of what these action would portend. 

It is EXTREMELY unlikely that someone that holds keys to that early block would move those coins without knowing it was going to be a earthquake in the BTC community.  Which raises the likelyhood that they are doing it BECAUSE of that.  Not in spite of it.

[serveria.com]

Old coins moving - bullish. Some early adopter getting ready for a face-melting bullrun (probably he has got some insider info on that). Just wants to cash out so moved his coins to the exchange. Not sure why it's considered FUD. Probably because there's not much real FUD around nowadays? How about China bans BTC?  

[jojo69]

not much of an earthquake TBH

[cAPSLOCK]

not much of an earthquake TBH

I assume you mean the price.  I am talking about the conversation.  I have not looked at twitter yet, but I bet I know what they are talking about.

[cAPSLOCK]

Also interesting is the mix of Legacy, Segwit and even BECH32 addresses this person is sending to...


The ~10 BTC went to these addresses:

3CPzatF5fHrda6SaJVnpsdM8ReunbhRYyd
0.00187200 BTC
32iioP88ffnQDUtQLgR2TeneK2RiNGjhtC
0.00092153 BTC
3N2z27HFzXLYNG2QtGiA1g8hzTwsLQjq1w
0.06425733 BTC
3466SWLR6wpswrCPWE7a6Gj7uSooWZA8dT
0.05126691 BTC
35WMsAG58119ye6FTd9ZkAMNZvrbHYrLHX
0.05111927 BTC
3BZ6fs86Q15kdAc8oTRsCXkUeQwJy7ARni
0.05604558 BTC
3LShdLyqZjCQJswWgex4PhGe5dnKPRC8Zx
0.00933665 BTC
32cA24MhovP8n3X8jpE6yARNgopnHVKi2S
0.04902684 BTC
3DFTcAnKCmLNz2Jw536k2kY6s1gwHe9JgN
0.00854000 BTC
36dGaGoULgTfLd3dqchvVt59TzuZ8A8HoR
0.00625983 BTC
1PqtE1V8EFPuN7jZf5zbe51at6GUUGrzxk
0.00226604 BTC
3QUwi2im7fedo8k3gNPs2qqtQcwYWkBU38
0.00024582 BTC
3JgrmCVDYpaYcWTPvKS2M5eN8MTuyS8wDN
0.00290000 BTC
3BrSh4hEZDvSkLCrrZZCYS47HDxMXN82jE
0.03477264 BTC
1GsVi5eTabfGz8Kkgs81UNRnv7WgEbr5KK
0.56343415 BTC
13v6cuXtSRwdm1yB2hCR9zsUBsSjF9Nrqq
0.31869107 BTC
1LjXYEQjmDvfzNKhvkb4P3HX73kK9ZXMbK
0.00639900 BTC
3Md17Vpawc8nd1yBaUzmxKLmL9Lm8gRy7m
0.02487816 BTC
1BCvhXjnrBcZmXNA5RAi4kg71fJLVsSiNr
0.01000000 BTC
bc1qv7vgajsy5d723uh63pxy3jg544aas4m7fkg87l
7.81380577 BTC
3Go4fXMoPHrkdPZaSpzNKvmGitEYKeGucL
0.01279741 BTC
1MfuwUBUrr6jx1hGPDLZkL59BhNV6E9SpU
0.00100000 BTC
3PEwSBxNj5tgmTAq6fFcfv9F3buz1Gk8fJ
0.00141571 BTC
3Ma2dFy5adxrt29MTrf7hEFtdSZ6YRe95W
0.00024059 BTC
39zZae7YnHW1cDGkjpaeknFaNYg9LEfAta
0.00511489 BTC
3L6kLgQYxxZxxSDEfFZmQNCGFDmb1DPgNr
0.02131954 BTC
1Fvbcyua3ioz1wWuLxbn83CBKKAqvww1x3
0.00230133 BTC
bc1qcqmapaez424zkdsv9lcd43xzumr5nr4uq4r4xc
0.87223930 BTC
33UZ4L9DrVPJsaqvhFdfm4vhPAC2aYvGCL
0.00044788 BTC
38jm767yhx3gszUTkJVmpRXkXRVyt3narh
0.00481582 BTC

This a mix of Legacy 1x Segwit 3x and native segwit bcX addresses.

And only two of them bech32.  With one of those getting 78% of the 10.

Of course this also might be the payee moving these, as has been mentioned this could be a 20% cut.  But how strange that would be.

[JimboToronto]

Am I the only one who believes that it will fell below 8000$?

Probably.

Any reason for thinking that?

[virasog]

[FIFA worldcup]

Am I the only one who believes that it will fell below 8000$?

In short: yes  

[rolling]

Also interesting is the mix of Legacy, Segwit and even BECH32 addresses this person is sending to...


The ~10 BTC went to these addresses:

3CPzatF5fHrda6SaJVnpsdM8ReunbhRYyd
0.00187200 BTC
32iioP88ffnQDUtQLgR2TeneK2RiNGjhtC
0.00092153 BTC
3N2z27HFzXLYNG2QtGiA1g8hzTwsLQjq1w
0.06425733 BTC
3466SWLR6wpswrCPWE7a6Gj7uSooWZA8dT
0.05126691 BTC
35WMsAG58119ye6FTd9ZkAMNZvrbHYrLHX
0.05111927 BTC
3BZ6fs86Q15kdAc8oTRsCXkUeQwJy7ARni
0.05604558 BTC
3LShdLyqZjCQJswWgex4PhGe5dnKPRC8Zx
0.00933665 BTC
32cA24MhovP8n3X8jpE6yARNgopnHVKi2S
0.04902684 BTC
3DFTcAnKCmLNz2Jw536k2kY6s1gwHe9JgN
0.00854000 BTC
36dGaGoULgTfLd3dqchvVt59TzuZ8A8HoR
0.00625983 BTC
1PqtE1V8EFPuN7jZf5zbe51at6GUUGrzxk
0.00226604 BTC
3QUwi2im7fedo8k3gNPs2qqtQcwYWkBU38
0.00024582 BTC
3JgrmCVDYpaYcWTPvKS2M5eN8MTuyS8wDN
0.00290000 BTC
3BrSh4hEZDvSkLCrrZZCYS47HDxMXN82jE
0.03477264 BTC
1GsVi5eTabfGz8Kkgs81UNRnv7WgEbr5KK
0.56343415 BTC
13v6cuXtSRwdm1yB2hCR9zsUBsSjF9Nrqq
0.31869107 BTC
1LjXYEQjmDvfzNKhvkb4P3HX73kK9ZXMbK
0.00639900 BTC
3Md17Vpawc8nd1yBaUzmxKLmL9Lm8gRy7m
0.02487816 BTC
1BCvhXjnrBcZmXNA5RAi4kg71fJLVsSiNr
0.01000000 BTC
bc1qv7vgajsy5d723uh63pxy3jg544aas4m7fkg87l
7.81380577 BTC
3Go4fXMoPHrkdPZaSpzNKvmGitEYKeGucL
0.01279741 BTC
1MfuwUBUrr6jx1hGPDLZkL59BhNV6E9SpU
0.00100000 BTC
3PEwSBxNj5tgmTAq6fFcfv9F3buz1Gk8fJ
0.00141571 BTC
3Ma2dFy5adxrt29MTrf7hEFtdSZ6YRe95W
0.00024059 BTC
39zZae7YnHW1cDGkjpaeknFaNYg9LEfAta
0.00511489 BTC
3L6kLgQYxxZxxSDEfFZmQNCGFDmb1DPgNr
0.02131954 BTC
1Fvbcyua3ioz1wWuLxbn83CBKKAqvww1x3
0.00230133 BTC
bc1qcqmapaez424zkdsv9lcd43xzumr5nr4uq4r4xc
0.87223930 BTC
33UZ4L9DrVPJsaqvhFdfm4vhPAC2aYvGCL
0.00044788 BTC
38jm767yhx3gszUTkJVmpRXkXRVyt3narh
0.00481582 BTC

This a mix of Legacy 1x Segwit 3x and native segwit bcX addresses.

And only two of them bech32.  With one of those getting 78% of the 10.

Of course this also might be the payee moving these, as has been mentioned this could be a 20% cut.  But how strange that would be.

The 10 BTC (minus transaction fees) likely went to an exchange and all of those other addresses are part of the exchange operation not the miner in question.

[JayJuanGee]

Am I the only one who believes that it will fell below 8000$?

No.  There are likely a few other losers, no coiners, fence sitters, bitcoin naysayers, sold too much too sooners, and/or alt coin pumpeners who are in the same camp of wishfulness as you.

[serveria.com]

Meanwhile in other news - Roachie is getting screwed: https://markets.businessinsider.com/news/stocks/gold-ownership-illegal-inflation-spikes-economic-coronavirus-recovery-crispin-odey-2020-5-1029220541  Bullish news for BTC. HODLers not affected. Bitcoin - unconfiscatable...