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

[aesma]

But "the price" is made of sell and buy orders. Who was selling at 6000$ ?

They said some whale made the mistake of trying to sell it on the BTC/ETH pair or something and fat fingered 300k PHP (or $6k USD) ... someone supposedly sent 300k BTC to the exchange not wanting to get USD out of it for whatever reasons.

What is to be believed, I'm not sure we'll ever know, unless they say something about it again. People are just speculating on what really happened.

If the whale fucked up then the whale gave away his coins, there should be no problem for the exchange.

Unless they have a trading bot that participated, "thinking" that the price was not problematic.

[Richy_T]

This. Not to speak publicly about it but imagine having someone sue you just as you're trying to sell off a very expensive floating asset that costs a lot of money to maintain. Knowing that the longer they keep you from selling said asset, the more desperate you become. To the point where it's better just to hand over millions to make the suit go away.

Although that is definitely one way to use the system, it seems nearly everything Wright does is an attempt to legitimize his absurd claim of being Satoshi (or occasionally some other aspect of his dealings) and that's usually the angle to look at first. If there's an act that will cause someone with some kind of authority to write his name adjacently to Satoshi's, he'll give it a go.

Jail I'm not sure, but he does have a few dates of his own in court... only a matter of time before some shit hits the fan in his own living room.

It beggars belief how much he's been able to skate on while committing perjury in court.

[OutOfMemory]

[snip]

It looks funny, who is it ?

I think it's an actor from the first star wars trilogy, the movie (episode 6?) with the brown little bears Ewoks on Endor, the wood planet (IIRC), playing one of the rebels taking over the federational post that is somehow important to destroy the new death star. Photoshopped onto some male "model" showing off really ugly clothes, probably destined  for some kind of perverted fetish.

[Richy_T]

If I accidentally deposit $1000 to your account, I cannot just say to the bank "I'm sorry, I made a mistake, I want my $1000 back". I have to contact you and kindly ask you to send the money back to me, and you can refuse to do so for whatever reason.

Depending on who you are, you certainly can. Hence Bitcoin.

[aesma]

This. Not to speak publicly about it but imagine having someone sue you just as you're trying to sell off a very expensive floating asset that costs a lot of money to maintain. Knowing that the longer they keep you from selling said asset, the more desperate you become. To the point where it's better just to hand over millions to make the suit go away.

Although that is definitely one way to use the system, it seems nearly everything Wright does is an attempt to legitimize his absurd claim of being Satoshi (or occasionally some other aspect of his dealings) and that's usually the angle to look at first. If there's an act that will cause someone with some kind of authority to write his name adjacently to Satoshi's, he'll give it a go.

Jail I'm not sure, but he does have a few dates of his own in court... only a matter of time before some shit hits the fan in his own living room.

It beggars belief how much he's been able to skate on while committing perjury in court.

However his lawsuit wanting to force core developers to give him coins (as if it could work even if they did, miners would have to agree !) is quite a big hint that he can't possibly be satoshi, it's so against BTC's concept !

[OutOfMemory]

Forgot to mention, met these two dudes at a club last night. Pretty cool guys. Said they were brothers visiting from out of town.

Maybe cool, yes, but....
...these deer knobs, though...

[Richy_T]

However his lawsuit wanting to force core developers to give him coins (as if it could work even if they did, miners would have to agree !) is quite a big hint that he can't possibly be satoshi, it's so against BTC's concept !

That he has a poor grasp of Bitcoin's concepts has been shown on multiple occasions. Having failed to dupe BTCers, he tried to be the big fish in the small pond of BCH and when even that didn't work, BSV. It's been interesting to see the knots BSVers will tie themselves into to justify his bullshit. He just keeps pushing and it's amazing to me that he has yet to come to the end of his rope.

[OutOfMemory]

Wow that’s very interesting never thought of this way. But how do they track liquid and illiquid supply?

They use figures like when BTC on a certain address were last moved. Less than a month ago (higly liquid), less than a year ago (liquid). I don't know the correct timespans, thought i read it somewhere. I was watching these figures since a couple of months, quite interesting. Illiquid supply is the sum of all BTC on the network that were mined and not moved, or bought on an exchange and never moved or moved only once (or longer times ago), to an address from which not a single Satoshi was sent to another address yet or more than n years ago. I don't remember the value of n.

Short: Bitcoins that are moved frequently are considered highly liquid, Bitcoins that are moved from time to time are considered liquid.

[Dabs]

However his lawsuit wanting to force core developers to give him coins (as if it could work even if they did, miners would have to agree !) is quite a big hint that he can't possibly be satoshi, it's so against BTC's concept !

That he has a poor grasp of Bitcoin's concepts has been shown on multiple occasions. Having failed to dupe BTCers, he tried to be the big fish in the small pond of BCH and when even that didn't work, BSV. It's been interesting to see the knots BSVers will tie themselves into to justify his bullshit. He just keeps pushing and it's amazing to me that he has yet to come to the end of his rope.

This doesn't quite sound like you, but hey, the big block coins are there for everyone to use (and sue, it seems.)

[OutOfMemory]

[brokedummy]

proudhon was right. time to pack it in before the government deletes the coins

[serveria.com]

proudhon was right. time to pack it in before the government deletes the coins

How about delete yourself from this thread?   

[proudhon]

proudhon was right. time to pack it in before the government deletes the coins

The only way to save the coins is to devalue the coins below $100 which is closer to the mathematically proven true market value and not the fake news "value" of today. At that point the government won't bother deleting because bitcoin will be in its proper, irrelevant place. If you love bitcoin, aggressively short it with maximum leverage. You'll finally earn real money, and you'll save the coin (if you care about that).

[OutOfMemory]

proudhon was right. time to pack it in before the government deletes the coins

How about delete yourself from this thread?   

Nomen est omen

[bitcoinPsycho]

proudhon was right. time to pack it in before the government deletes the coins

The only way to save the coins is to devalue the coins below $100 which is closer to the mathematically proven true market value and not the fake news "value" of today. At that point the government won't bother deleting because bitcoin will be in its proper, irrelevant place. If you love bitcoin, aggressively short it with maximum leverage. You'll finally earn real money, and you'll save the coin (if you care about that).

That doesn't negate the fact your wallpaper is rubbish

[lightfoot]

If I accidentally deposit $1000 to your account, I cannot just say to the bank "I'm sorry, I made a mistake, I want my $1000 back". I have to contact you and kindly ask you to send the money back to me, and you can refuse to do so for whatever reason.

Depending on who you are, you certainly can. Hence Bitcoin.

Correct. If you have an unexpected windfall at a bank (error transfer) that is classified as "not reasonable" then yes you have to give it back. Sucks, but that's life. Now if you deposit extra money to pay a debt in error then the holder of the debt does NOT have to give it back as it is a payment against the debt.

Bitcoin fixes the above issue.

That said, if someone dropped 100btc into my account by mistake I would refund it. Because it's the right thing to do and laying claim to something that isn't mine would corrupt my soul. That's worth way more than 100btc to me.

[OutOfMemory]

Should be easy.
If i sell all my holdings, bitcoin will moon, mars, sol and then andromeda.
PM me your offers  

[Torque]

Forgot to mention, met these two dudes at a club last night. Pretty cool guys. Said they were brothers visiting from out of town.

Daaammn...Milli Vanilli have not aged well.

[yefi]

Personally, I believe that you are convoluting the problem when you frame the matter like that.

Many of us who may have considered the matter of nutrition in any kind of meaningful way would have come across sources of information that shows that a lot of the problems with food supply come from various kinds of processing of foods and stuffing of ingredients to make cheaper and screwing around with oils to make various kinds of artificial oils.  The man made meat is likely to suffer from some of the similar kinds of processing issues, even though they are going to try to frame it as if it almost like the same thing and grown from a petri-dish so therefore even better than real meat... blah blah blah.

Sure, but this is not a problem with artificiality, it is a problem with production values. The artificial doesn't necessarily have to be inferior to the natural, and where the right values are demanded, can even be superior. Algae oil grown in a lab, for example, can be a cleaner source of Omega-3 than eating fatty fish every day, because of persistent organic pollutants that bioaccumulate in the food chain.

Will the shitburger you suggest come about? Alas, unless there is a change to the general scheme of incentivisation for producers it is almost inevitable. Perhaps one might argue that the natural is heuristically better than the artificial because it places a constraint on the producer not otherwise existing. There's also a conservative argument against the novel because of unintended consequences.

[paxmao]

However, where is hyperinflation in Japan that started supporting market with printed money at least since 1992-1993 (3-4 years after their 'bubble' started collapsing)?
As long as money velocity stays low, we will not have high inflation.

Look Biodom, I've seen you make this statement more than once on this thread.

Respectfully, you're wrong.

https://www.shadowstats.com

https://chapwoodindex.com/

The way the Fed calculates CPI is just complete bullshit. It's a fraud.

Well, there is no inflation in Japan, that's all i was talking about.
I would not argue with an opinion that inflation in US is much higher than the official number. You are absolutely right.
However, wage inflation is low-that's a fact, and that is the whole underlying theme that is supporting discontent.
Since actual inflation is higher than wage inflation, the living conditions for an average Joe are going down even with their salary raises.

The only way to escape this was to own assets in the last 20-30 years.
Realistically, inflation is probably about 10 maybe 15% (yearly). You have to beat that.
All I am getting at-you have to be invested (stock market, RE, bitcoin) to have a chance.
When wage inflation would go up-then we would have SERIOUS inflation.

 You can look at the basket of goods and their weighting for the CPI in Canada.  If you want, you can customise it for your personal use as well but I think it's pretty all-encompassing.  Gasoline here has gone up $0.11 per liter in the last couple of weeks from $1.03 so if you're an Uber driver, your perception of inflation is going to be a bit skewed.  Overall, I think it's a pretty good determination -

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810026401

 It even takes into account the cost of our recreational cannabis  

  

bought canadian pot stocks the day the vote went for B.
They are up 100-200% since  

 Nice!  I waited too long.  I wonder when Biden makes it legal in all of USA?
 

Perhaps it will happen the same thing as with gambling... state by state they will all approve and make America High Again. (AHA)