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

[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.

[LFC_Bitcoin]

Is this all the bears & manipulators have got?

We’ll be at $15,000+ by the end of the year.

[Torque]

Sad and humbling at the same time. Bitcoin has weathered a global pandemic with remarkable strength...yet look at the reaction this is garnering from moving just 50 coin.

One has to wonder at the timing of the move..sure seems to have cooled off the market in a quick hurry.

Pretty simple really, the constant smack downs are to prevent price from breaching $10,100.

Because interesting shit starts to happen when it does.

[AlcoHoDL]

Is this all the bears & manipulators have got?

We’ll be at $15,000+ by the end of the year.

Take my last one...

Exactly. Not feeling the slightest bit of fear or anxiety.

Bring it on, bears. And see you next year.

[jojo69]

Craig sell another block?

[jbreher]

But I don’t want to have a pizza delivered tomorrow. Corona-Chan is keeping me off prepared foods.

[bitebits]

[...]
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.

Indeed a lot of fun cAPSLOCK. The private key holder could have just signed a message instead of actually moving the coins? Think that the 20% fee for a recovery service is quite plausible.

[BlackHatCoiner]

Is this all the bears & manipulators have got?

We’ll be at $15,000+ by the end of the year.

There are some of us that need to pay bills at the end of the month. Not at the end of the year, when "we will all be millionaires".

[NeuroticFish]

Is this all the bears & manipulators have got?

We’ll be at $15,000+ by the end of the year.

I think that there may be coming more such waves. However, indeed, that 15k+ sounds more than reasonable.

[UnDerDoG81]

Call me conspiracy theorist but I am sure these old coins only got moved for one reason! To start this drop. Some whale moved the coins to start rumors and start sell off... Bitcoin aint change anything. Rich will always control the world. It only takes the money away from the banks to some other greedy dicks...

[LFC_Bitcoin]

There are some of us that need to pay bills at the end of the month. Not at the end of the year, when "we will all be millionaires".

Sad for you!
We HODL here brother, ain't paying no bills with my precious bitcoin.

[Torque]

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.

Lol at all the bitcoiners losing their shit over this non-issue:

[sirazimuth]

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

For whatever reason, I love reading technical stuff like that even though, to be perfectly honest, I don't have the foggiest wtf it's on about.

[LUCKMCFLY]

I don't think it's because of the 50BTC that has been transferred and some think it's Satoshi ..

5 Key Reasons Bitcoin Price Fell From $9,800 to $9,200 Overnight

I find this option interesting:

“USDT Number of Exchange Withdrawals (1d MA) just reached an ATH of 2,083.37. Previous ATH of 2,075.792 was observed on 30 April 2020.”

Source: https://cointelegraph.com/news/5-key-reasons-bitcoin-price-fell-from-9-800-to-9-200-overnight

[infofront]

Sad and humbling at the same time. Bitcoin has weathered a global pandemic with remarkable strength...yet look at the reaction this is garnering from moving just 50 coin.

One has to wonder at the timing of the move..sure seems to have cooled off the market in a quick hurry.

That had to have been the point.
Right before the dump, I was reading an analysis that argued the charts were looking the most bullish since 2017. Arguable, but things were clearly pointing UP.

[infofront]

But I don’t want to have a pizza delivered tomorrow. Corona-Chan is keeping me off prepared foods.