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

[Globb0]

https://medium.com/@jimmysong/why-satoshi-probably-didnt-move-some-coins-from-2009-ad967d40582a

Thanks for that.
If this dip was due to the news of this early block movement it highlights just how jittery some of these traders are.
I mean even if this does happen to be Satoshi's coins (which is looking increasingly unlikey) surely he would be entitled to move,spend them.
What is everyone worried about? That he is going to dump the whole lot on to the market in one go?
Why would he do that? It would surely set Bitcoin back a long way if not totally destroy it.
Doesn't seem like a logical thing to do to me.
How is anyone with access to these early coins (Satoshi's or not) meant to use them?
At what point do people feel a certain block is ok but another isnt?
I know Bitcoin is only a mere 11 years old but sometimes this grind can seem a long time.
Still, I am patient and still HODLing strong.

Is everyone sure that's the reason. We ben having occasional dumps around this price. We didn't leave the range.

It may be unrelated and you are all forcing a link

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[1714477132]

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[1714477132]

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[rdbase]

https://medium.com/@jimmysong/why-satoshi-probably-didnt-move-some-coins-from-2009-ad967d40582a

Thanks for that.
If this dip was due to the news of this early block movement it highlights just how jittery some of these traders are.
I mean even if this does happen to be Satoshi's coins (which is looking increasingly unlikey) surely he would be entitled to move,spend them.
What is everyone worried about? That he is going to dump the whole lot on to the market in one go?
Why would he do that? It would surely set Bitcoin back a long way if not totally destroy it.
Doesn't seem like a logical thing to do to me.
How is anyone with access to these early coins (Satoshi's or not) meant to use them?
At what point do people feel a certain block is ok but another isnt?
I know Bitcoin is only a mere 11 years old but sometimes this grind can seem a long time.
Still, I am patient and still HODLing strong.

Is everyone sure that's the reason. We ben having occasional dumps around this price. We didn't leave the range.

It may be unrelated and you are all forcing a link

Jimmy Song is Tone vays partner in crime. https://bitcointalk.org/index.php?topic=5241100.60

Tone vays

1k incoming!

That was his exact words on the stream!
They were discussing it last night on their live stream responding to the claims and found that this address was the exact one on the tulip trust CSW submitted to the court in his documents. Looks like he just scanned old btc addresses from the firstly mined bitcoins and claimed they were his.
https://bitcointalk.org/index.php?topic=5246331.msg54473704#msg54473704

I would like to think it is not related but you never know with crypto.
She is a beast so can do whatever the hell she wants.

[cAPSLOCK]

https://medium.com/@jimmysong/why-satoshi-probably-didnt-move-some-coins-from-2009-ad967d40582a

https://twitter.com/midmagic/status/1263227677005066240?s=20

This is incorrect. There are multiple reasons why a running node would restart extraNonce or increment it, and a number of other details that Sergio got wrong. It's really important not to aggrandize Sergio's work, Jimmy, not the least of which is respect for Satoshi's choices.

Even though the topic seems to irritate some people I still find this event to be deliciously interesting.  My gut would be that this was NOT a coinbase that Satoshi mined, whether or not the "Patoshi" extra nonce theory holds water.  I think, Satoshi, if he actually is still alive and in control of his private keys would not just move coins around from a month in.

One thing I do not see being discussed much is the level of opsec risk this entails.  Adam Back get's it:



Even for some random dude from the mailing list back then... chances are they would not move coins this old without a purpose.

Everyone talking about them wanting to spend the money on something is ignoring a fairly large issue.  People who were mining back then, most likely mined at least dozens of blocks.  We are talking about multimillionaires at today's prices.  I think it would be very rare that this is some random 'Joe' who just mined a single block back in 2009, and just now decided to buy a nice car.  It is more likely that the people who mined just one block have lost those keys years ago.

No, the chances are better that this person has lots of bitcoin, and very likely quite a few much younger than these.  If they wanted to spend 100k on some random thing they would be more likely to take the newer coins.  If I were in their shoes I would avoid moving my oldest bitcoin until the price discovery era is over and doing so would be less of a shock.  Also this person would likely also realize that they are opening up a lot of angles for the data miners, and "bitcoin archaeologists".  And it comes at a potential cost to their own privacy.

This person would have done this for a specific reason most likely.  And I think the likelihood that it has more to do with the CSW claims than anything else is very likely.  As it turns out faketoshi did list this address in their court documents as one he controls.  And the pedophile claims he called CSW to ask if he moved this and faketoshi said no.  

Such a tangled web.  So much fun to watch the weaving.

[Globb0]

Tone vays

1k incoming!

[Last of the V8s]

Oh just fucking dump the whole lot and we can live in ignominious debt slavery the rest of our pathetic cucked lives lorded over by pedophile shriveldicks like Boris and Trump

[rdbase]

Oh just fucking dump the whole lot and we can live in ignominious debt slavery the rest of our pathetic cucked lives lorded over by pedophile shriveldicks like Boris and Trump

4 hours until all bitcoins get cut in half.

Excited for it? at least I'm, money printer go brrr  and Bitcoin emission cutting by half.
https://brrr.money/

If you can find the original youtube video for this money go brrrrr, you would be the "HODLing out for a hero" we all have been looking for!
https://www.youtube.com/watch?v=-dIgfowZgLA&t=325s

HODL'in out for a hero!
https://www.youtube.com/watch?v=GI7sBsBHdCk

Hope this cheers you up a bit mate!
What we need now ... Is a Herrooooo!

https://medium.com/@jimmysong/why-satoshi-probably-didnt-move-some-coins-from-2009-ad967d40582a

~

Some guy on youtube just had a meltdown on his channel about this.
They just had done a video 5 hours ago when price was $9750 - https://www.youtube.com/watch?v=_Oa24jeLVtQ and was quite happy since it hadnt really changed all week until this news broke of coins being moved from an old wallet address.
Then about an hour ago put out another one(they tend to do a video per day) https://www.youtube.com/watch?v=kfD0mxFWrJU just to blow off some steam about how absurd it was concluding the dump had to do with the moving of 50 btc.

Well what would happen if they had moved all 600,000 btc which were said to have been mined along with these last night? Would it or should it crash the btc price to $1k again? I think not.

[Dakustaking76]

Fucking bears I think they taken over the fight for now 

[Last of the V8s]

Golden cross my fat hairy arse.

[hodl_2015]

Not worried about my btc but I get a strong urge to check the state of my fiat account, is that normal?

[cAPSLOCK]

Repeated attacks on 9100.  Holding so far... but... :/

-edit-  yep.

[LUCKMCFLY]

It has only fallen a little, I think the demand is increasing when looking at the volume, if this continues the price can go up with little volume, which is a good bullish indication.

Bitcoin in Biggest Weekly Decline Since March as Price Falls by $700

Bitcoin price fell towards $9,200 a day after it formed a bullish Golden Cross pattern.
The decline appeared despite bullish favorable market outlook, raising fears of an extended downside action before this week’s close.
So far, bitcoin has logged its biggest weekly decline since March 2020, with losses mounting near $700.

Source: https://www.newsbtc.com/2020/05/21/bitcoin-in-biggest-weekly-decline-since-march-as-price-falls-by-700/

[BlackHatCoiner]

Let's bet what will the price reach at the end of the month.

I think it will increase again, above 9600$

[Indymoney]

Let's bet what will the price reach at the end of the month.

I think it will increase again, above 9600$

Surely its going to touch this again as I need this 9600$

[serveria.com]

Fcuking hell  

[serveria.com]

Ok when Vegeta? 

[cAPSLOCK]

You know, "masterluc" gets a lot of credit for his various calls, and he's been fun to follow.  But someone who I have seen be EXTREMELY accurate over the last few years is "Dave the Wave" on twitter.  Anyone follow him?  He has been calling for this action we are seeing now for 3 years really... lol, but the good news is, by his analysis, we are very near the end of the consolidation of such a large triangle.

https://twitter.com/davthewave/status/1263213237169840128

[lightfoot]

Cue up the vegata memes. again.....

[lightfoot]

It's OVER 9000!!!!!!!!!!!!!!!!!!

[jbreher]

https://medium.com/@jimmysong/why-satoshi-probably-didnt-move-some-coins-from-2009-ad967d40582a

https://twitter.com/midmagic/status/1263227677005066240?s=20

This is incorrect. There are multiple reasons why a running node would restart extraNonce or increment it, and a number of other details that Sergio got wrong. It's really important not to aggrandize Sergio's work, Jimmy, not the least of which is respect for Satoshi's choices.

What’s the relevance? Seems all Greg is saying is “Don’t look over there”.

[machasm]

What now?
Someone move another early block or something FFS.