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

[JayJuanGee]

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.

I was just playing along with some of the ideas that you presented in your earlier post, especially when you seemed to have been suggesting that "fuck you" status is more in the distance, difficult to obtain, or whatever that seemingly pessimistic assertion was intended to mean...    and accordingly, I was attempting to provide some extreme scenarios in order to suggest that even if we were to go to those kinds of extremes there are still likely to be ways to consider bitcoin continuing to have "fuck you" utility.

In other words, don't be giving up on king daddy.. you, vapourminer, or any other WO peep.... of course, since we are posting publicly, I am not merely referring to only you or your situation, vapourminer.. I am referring to the "everyman vapourminer" to the extent that any such beast might be imagined to exist.

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[cAPSLOCK]

I thought I'd write about the last four years, an eventful time for Bitcoin and me.
...
And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go.

That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy.
[edited slightly]

Don't see why Hal's kids would have to jump through any kind of hoops to spend their dad's well earned inheritance. RIP Hal

Seeing as they were tech savvy would they really be moving around coins from that far back?  Certainly dad had some coins he mined closer to the time that BCT post was written?  Ones much harder to identify.  Ones that would make MUCH less of a splash when moved?

If they wanted to take 100k out of their hoard would they not have tried to less conspicuous?  Would *my* opsec be better than Hal Finny's kids?  I am not saying the'd jump through hoops... I'm saying the'd have inherited some of dads smarts as well...

[JayJuanGee]

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...   

That would be dumb to make gold ownership illegal and thereafter cause a rush to bitcoin and just a BIG mess in general...   

Sure Government might explore all kinds of options and considerations but Governments are not so dumb that they would not at least attempt to think through the problem and the reactions, are they?

Comes off as a bunch of pie in the sky presumptions and arguments contained in the article.

[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?

 

Ooops, not my fav, spelling

But how could you be so picky? You accept Segwit as scaling...


Better comment on that one here


https://mobile.twitter.com/CalvinAyre/status/1263167631076364288

Based on your response, hv_ a few examples come to mind, such as my wondering:  

whether calvin more retarded than hv_?  

or
whether hv_ more retarded than craig?  

or
whether craig more retarded than calvin?

It would be a difficult task to attempt to rank these, no? 

[Wekkel]

A theory about the 40 BTC moved from the 2009 wallet: https://www.reddit.com/r/Bitcoin/comments/gnhrj9/breaking_news_the_address_of_the_bitcoin_from/fr9rxb3?utm_medium=android_app&utm_source=share

[jojo69]

[cAPSLOCK]

A theory about the 40 BTC moved from the 2009 wallet: https://www.reddit.com/r/Bitcoin/comments/gnhrj9/breaking_news_the_address_of_the_bitcoin_from/fr9rxb3?utm_medium=android_app&utm_source=share

This is, in my opinion, one of the more likely reasons these coins would have moved.  The person making these waves and taking this opsec risk HAS to have a good reason to do it.  

And if that *is* the reason, then i for one applaud them.

[bkbirge]

A theory about the 40 BTC moved from the 2009 wallet: https://www.reddit.com/r/Bitcoin/comments/gnhrj9/breaking_news_the_address_of_the_bitcoin_from/fr9rxb3?utm_medium=android_app&utm_source=share

Thanks for sharing. I don't think the premise is that conclusive (other than CSW is full of it) but it did lead me to this reddit post that I think is awesome...
https://www.reddit.com/r/Bitcoin/comments/gmzbc0/i_finally_understand_it/

That’s when it hit me. Now I understand why people on nations that is f*cking their money up buys BTC, it saves it from inflation! Recently the Halving happen and it hit me again, Bitcoin is a deflationary money! Every day it becomes a scarce resource, but the demand is the same, making the price go up! Bitcoin is not the future, it’s the present! It puts me in the control of my wealth instead of a bunch of incompetent nations and politicians!

[sirazimuth]

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

Give it another year.

Ha! Been mining that shit grin straight to an exchange ever since it launched.
Then like once a month I log in and dump it all for bitcoin,
(Still don’t have a clue how to send or receive it, (grin) but who cares)
which keeps my hot wallet stocked with (accumulating) bitcoin dust.
One way to indirectly “mine” bitcoin with video cards I suppose.

Did you ROI?

I told people since day one to wait a few years before buying but you know, FOMO be a b1tch.

ROI?  What’s that? Lol I kid (as usual)
Tbh I really don’t know as I don’t bother keeping track as we are only talking penny jar proceeds.
It’s more just for shits and giggles in my old age.
The cards I’m using (three 1070’s) I purchased ages ago and have mined various shitcoins over the years.
All dumped for bitcoin.
It’s the mining aspect that got me into bitcoin in the 1st place.
I actually mined bitcoin with S4’s back in 2015 and that DEFINITELY roi-ed and then some.
Sold the miners (another story) when diff was too high but still hodeling the coins.
Then just reverted back to mining with video cards to satiate my mining addiction.
(And dumping for king daddy...of course)

[jbreher]

And technically it's still 1MB in the code, we just don't have to include all of the transaction data we used to, so we can squish more in.

Well, not really. It's still more than 1MB of data in the block. Relabeling it as some sort of loosey-goosey 'weight' does not change this fundamental reality.

[jbreher]

Bitcoin transfers are instant.

If you are speaking of BTC, that ceased being true upon the activation of RBF.

[Last of the V8s]

ccmf https://i.imgur.com/2uqP5hJ.mp4

[Wekkel]

ccmf https://i.imgur.com/2uqP5hJ.mp4

Step by step, Bart by Bart 

[Indymoney]

ccmf https://i.imgur.com/2uqP5hJ.mp4

Very good stuff after halving bubble 

[jbreher]

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. 

I'm sitting here scratching my head trying to figure out what specific knowledge from the cryptographer's domain could bring to this decision.

[d_eddie]

Fud is being spread
old bunch of coins got moving?
Satoshi didn't.




#haiku

[serveria.com]

ccmf https://i.imgur.com/2uqP5hJ.mp4

Very good stuff after halving bubble 

Halving what? 

[DaRude]

I thought I'd write about the last four years, an eventful time for Bitcoin and me.
...
And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go.

That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy.
[edited slightly]

Don't see why Hal's kids would have to jump through any kind of hoops to spend their dad's well earned inheritance. RIP Hal

Seeing as they were tech savvy would they really be moving around coins from that far back?  Certainly dad had some coins he mined closer to the time that BCT post was written?  Ones much harder to identify.  Ones that would make MUCH less of a splash when moved?

If they wanted to take 100k out of their hoard would they not have tried to less conspicuous?  Would *my* opsec be better than Hal Finny's kids?  I am not saying the'd jump through hoops... I'm saying the'd have inherited some of dads smarts as well...

It's officially known that Hal mined coins from back then, and he officially stated that he left it as inheritance to his kids. If the kid wants to buy a new car, why should s/he prioritize later coins over earlier? And even if they'd use the later coins first, you'd be asking the same question in 10yrs when they'd get to Hal's earlier coins.

[DaRude]

A theory about the 40 BTC moved from the 2009 wallet: https://www.reddit.com/r/Bitcoin/comments/gnhrj9/breaking_news_the_address_of_the_bitcoin_from/fr9rxb3?utm_medium=android_app&utm_source=share

This is, in my opinion, one of the more likely reasons these coins would have moved.  The person making these waves and taking this opsec risk HAS to have a good reason to do it.  

And if that *is* the reason, then i for one applaud them.

Unlikely, if it was a jab at Faketoshi a much better solution would be to just sign "Faketoshi going bankrupt in 3..2.." message (which i still hope they'd do)

[Last of the V8s]

Times Square says FREE ROSS!  #FreeRoss2020