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

[shahzadafzal]

“Someone just transferred 12,000 #bitcoin  off of Coinbase, that's over half a billion dollars. They bought the dip.”
https://twitter.com/documentingbtc/status/1374356761000431620?s=21

Elon is that you?

I see a lot of folks wondering if it is Musk, or Saylor, and although those are great, I would MUCH rather see it be a purchase by some other entity.  Those guys will look like us spiral eyed loons as they keep buying... but if it's GOOG or APPL or something... whee!

Yes that’s absolutely true, these entities will jump in sooner or later... GOOG, APPL, FBOK even MSOFT can’t be ruled out.

[vroom]

“Someone just transferred 12,000 #bitcoin  off of Coinbase, that's over half a billion dollars. They bought the dip.”
https://twitter.com/documentingbtc/status/1374356761000431620?s=21

Elon is that you?

I see a lot of folks wondering if it is Musk, or Saylor, and although those are great, I would MUCH rather see it be a purchase by some other entity.  Those guys will look like us spiral eyed loons as they keep buying... but if it's GOOG or APPL or something... whee!

Yes that’s absolutely true, these entities will jump in sooner or later... GOOG, APPL, FBOK even MSOFT can’t be ruled out.

It's all about game theorie. Sooner or later they will have to adapt if they don't want to fall behind. Devil take the hindmost.

[JayJuanGee]

Also, some of these countries have very high suicide rates.

Evidently it's a hard job being the master race.

It's a hard job being "happy" too..

As soon as there is any slight downward trend in the feelings of happiness, suicide happens, in order to keep up the average level of "happy."

There are likely a lot of happy endings in those places, too.

[shahzadafzal]

“Someone just transferred 12,000 #bitcoin  off of Coinbase, that's over half a billion dollars. They bought the dip.”
https://twitter.com/documentingbtc/status/1374356761000431620?s=21

Elon is that you?

I see a lot of folks wondering if it is Musk, or Saylor, and although those are great, I would MUCH rather see it be a purchase by some other entity.  Those guys will look like us spiral eyed loons as they keep buying... but if it's GOOG or APPL or something... whee!

Yes that’s absolutely true, these entities will jump in sooner or later... GOOG, APPL, FBOK even MSOFT can’t be ruled out.

It's all about game theorie. Sooner or later they will have to adapt if they don't want to fall behind. Devil take the hindmost.

I have a serious question how these entities are able to withdraw tens of 1000s of BTC is single go when normal users have limits from 1BTC to 100BTC Max.
And that’s after f*cking annoying KYC. Take naked pics with your driving license one hand and hand written note on other hand.

[Biodom]

“Someone just transferred 12,000 #bitcoin  off of Coinbase, that's over half a billion dollars. They bought the dip.”
https://twitter.com/documentingbtc/status/1374356761000431620?s=21

Elon is that you?

I see a lot of folks wondering if it is Musk, or Saylor, and although those are great, I would MUCH rather see it be a purchase by some other entity.  Those guys will look like us spiral eyed loons as they keep buying... but if it's GOOG or APPL or something... whee!

Yes that’s absolutely true, these entities will jump in sooner or later... GOOG, APPL, FBOK even MSOFT can’t be ruled out.

It's all about game theorie. Sooner or later they will have to adapt if they don't want to fall behind. Devil take the hindmost.

I have a serious question how these entities are able to withdraw tens of 1000s of BTC is single go when normal users have limits from 1BTC to 100BTC Max.
And that’s after f*cking annoying KYC. Take naked pics with your driving license one hand and hand written note on other hand.

Are you kidding? The limit is only up to the point of how much you hold and can realistically move. If they own 10K btc, why would there be a limit of 100 btc?

[Searing]

quantum computer impacts are getting closer: https://arxiv.org/abs/2103.06159

Factoring 2048 RSA integers in 177 days with 13436 qubits and a multimode memory

Caution: They did not build such a computer or even factorize anything with it. They just proposed an architecture and calculated how effective it would be if someone could build it.

So this is no reason to panic, but it feels like the impacts are getting closer.

LArgest Quantum computer they can build is 53 Qbits. Still, it is starting to come down the old tracks....

Would such a 'project' just 'make' projects like sha-256 algo switch to POS or something because they would have to? Or would such a quantum computer

simply be able to 'break' all crypto algos of pow or pos? or whatever?

brad

[vroom]

quantum computer impacts are getting closer: https://arxiv.org/abs/2103.06159

Factoring 2048 RSA integers in 177 days with 13436 qubits and a multimode memory

Caution: They did not build such a computer or even factorize anything with it. They just proposed an architecture and calculated how effective it would be if someone could build it.

So this is no reason to panic, but it feels like the impacts are getting closer.

LArgest Quantum computer they can build is 53 Qbits. Still, it is starting to come down the old tracks....

Would such a 'project' just 'make' projects like sha-256 algo switch to POS or something because they would have to? Or would such a quantum computer

simply be able to 'break' all crypto algos of pow or pos? or whatever?

brad

I don't think this has anything to do with PoW or PoS. Quantum computers do not threaten the mining process but the public/private signatures of bitcoin addresses. Quantum computers will be able to decipher the private key for an address to which the public key is known. Bitcoin currently uses ECDSA which is vulnerable to such attacks and will have to switch to a quantum resistant signature if needed.

edit: your bitcoin are safe from quantum computer attacks if you do not reuse bitcoin addresses. As soon as you send bitcoin, the public key from this address is stored in the blockchain and is known to everyone.

[cAPSLOCK]

“Someone just transferred 12,000 #bitcoin  off of Coinbase, that's over half a billion dollars. They bought the dip.”
https://twitter.com/documentingbtc/status/1374356761000431620?s=21

Elon is that you?

I see a lot of folks wondering if it is Musk, or Saylor, and although those are great, I would MUCH rather see it be a purchase by some other entity.  Those guys will look like us spiral eyed loons as they keep buying... but if it's GOOG or APPL or something... whee!

Yes that’s absolutely true, these entities will jump in sooner or later... GOOG, APPL, FBOK even MSOFT can’t be ruled out.

It's all about game theorie. Sooner or later they will have to adapt if they don't want to fall behind. Devil take the hindmost.

I have a serious question how these entities are able to withdraw tens of 1000s of BTC is single go when normal users have limits from 1BTC to 100BTC Max.
And that’s after f*cking annoying KYC. Take naked pics with your driving license one hand and hand written note on other hand.

These deals are not happening on the retail exchanges but via the OTC desks.  Coinbase seems to be the big winner here, which is a sort of shame.  I would like to see more action at ANY of the other US exchange's OTC desks. 

And I speculate many of these buyers are also counting on the broker they use to manage the custody as well, so the movement is most likely to a segregated address that Coinbase (or whomever) actually holds the keys for.

[JayJuanGee]

Pretty please  

That would make 2024-2025 above $5M per BTC  

Don't get ahead of yourself...  


One fractal at a time.

quantum computer impacts are getting closer: https://arxiv.org/abs/2103.06159

Factoring 2048 RSA integers in 177 days with 13436 qubits and a multimode memory

Caution: They did not build such a computer or even factorize anything with it. They just proposed an architecture and calculated how effective it would be if someone could build it.

So this is no reason to panic, but it feels like the impacts are getting closer.

LArgest Quantum computer they can build is 53 Qbits. Still, it is starting to come down the old tracks....

nothing to worry about at the moment.

bought a small bunch of corn at 52k, done with my monthly buy.

Also, merit me I'm poor

You gotta beg in the correct, ImThour, way... you fuck. #nohomo

[BobLawblaw]

[Elwar]

My contribution to the world of NFT:

https://bitcointalk.org/index.php?topic=5325734.0

Nice Elwar!
But Jack Dorsey's first ever tweet just sold for $2.9mln to the Chief Executive of Oracle.
https://www.bbc.com/news/business-56492358

I think it's the very same guy who is (or was) bidding on Elon musk's NFT.

That mofo is motherFking rich af.

The ethereum network is a buzz to see which pool will be mining that block where it landed on.

I'm not one to brag but the value of my post went from zero to an officially appraised value of almost a satoshi so....ya, it's kinda a big deal.

The percentage appreciation is somewhere around infinity.

[gallianooo]

“Someone just transferred 12,000 #bitcoin  off of Coinbase, that's over half a billion dollars. They bought the dip.”
https://twitter.com/documentingbtc/status/1374356761000431620?s=21

Elon is that you?

I see a lot of folks wondering if it is Musk, or Saylor, and although those are great, I would MUCH rather see it be a purchase by some other entity.  Those guys will look like us spiral eyed loons as they keep buying... but if it's GOOG or APPL or something... whee!

Yes that’s absolutely true, these entities will jump in sooner or later... GOOG, APPL, FBOK even MSOFT can’t be ruled out.

It's all about game theorie. Sooner or later they will have to adapt if they don't want to fall behind. Devil take the hindmost.

I have a serious question how these entities are able to withdraw tens of 1000s of BTC is single go when normal users have limits from 1BTC to 100BTC Max.
And that’s after f*cking annoying KYC. Take naked pics with your driving license one hand and hand written note on other hand.

On KRAKEN i can withdrawal "unlimited" amount in crypto.

[wxa7115]

Bank of America published the first chart back in 2018 claiming "bubble has popped". Today, we fixed the data for them:


https://twitter.com/DocumentingBTC/status/1374337711344123904

One of the things they do not realize or do not want to realize is that if they were to do the same exercise but with revolutionary technology then they will get a similar chart to the one on the left at a early point of time on the life of the technology, but after a few years we will see what it is on the right one.

This has always happened, think of any revolutionary technology like train transportation, the telegraph, telephones, electricity, electric light, cars, guns, cellphones, the Internet or bitcoin and you will see the same pattern, at the beginning it may give the impression of a bubble to the not initiated, but the fundamentals behind the technology are there and then we see a huge spike, there was a time so called experts believed the Internet will disappear, we did not needed electric light as kerosene lamps were better and safer or that no one will ever use cellphones as payphones were everywhere, those same experts or at least their spiritual successors made the same claims about bitcoin and they will face the same results.

[JayJuanGee]

My contribution to the world of NFT:

https://bitcointalk.org/index.php?topic=5325734.0

Nice Elwar!
But Jack Dorsey's first ever tweet just sold for $2.9mln to the Chief Executive of Oracle.
https://www.bbc.com/news/business-56492358

I think it's the very same guy who is (or was) bidding on Elon musk's NFT.

That mofo is motherFking rich af.

The ethereum network is a buzz to see which pool will be mining that block where it landed on.

I'm not one to brag but the value of my post went from zero to an officially appraised value of almost a satoshi so....ya, it's kinda a big deal.

The percentage appreciation is somewhere around infinity.

There was an error in that earlier appraisal that has been revised to "up to 10 satoshis," but what do I know?  you are a pretty charismatic, popular and wild and crazy guy... which could affect value assessments.

“Someone just transferred 12,000 #bitcoin  off of Coinbase, that's over half a billion dollars. They bought the dip.”
https://twitter.com/documentingbtc/status/1374356761000431620?s=21

Elon is that you?

I see a lot of folks wondering if it is Musk, or Saylor, and although those are great, I would MUCH rather see it be a purchase by some other entity.  Those guys will look like us spiral eyed loons as they keep buying... but if it's GOOG or APPL or something... whee!

Yes that’s absolutely true, these entities will jump in sooner or later... GOOG, APPL, FBOK even MSOFT can’t be ruled out.

It's all about game theorie. Sooner or later they will have to adapt if they don't want to fall behind. Devil take the hindmost.

I have a serious question how these entities are able to withdraw tens of 1000s of BTC is single go when normal users have limits from 1BTC to 100BTC Max.
And that’s after f*cking annoying KYC. Take naked pics with your driving license one hand and hand written note on other hand.

On KRAKEN i can withdrawal "unlimited" amount in crypto.

Why would you want to do that?

Do they have a bitcoin withdrawal related policy/practice, by the way?

[El duderino_]

[El duderino_]

[El duderino_]

[gallianooo]

My contribution to the world of NFT:

https://bitcointalk.org/index.php?topic=5325734.0

Nice Elwar!
But Jack Dorsey's first ever tweet just sold for $2.9mln to the Chief Executive of Oracle.
https://www.bbc.com/news/business-56492358

I think it's the very same guy who is (or was) bidding on Elon musk's NFT.

That mofo is motherFking rich af.

The ethereum network is a buzz to see which pool will be mining that block where it landed on.

I'm not one to brag but the value of my post went from zero to an officially appraised value of almost a satoshi so....ya, it's kinda a big deal.

The percentage appreciation is somewhere around infinity.

There was an error in that earlier appraisal that has been revised to "up to 10 satoshis," but what do I know?  you are a pretty charismatic, popular and wild and crazy guy... which could affect value assessments.

“Someone just transferred 12,000 #bitcoin  off of Coinbase, that's over half a billion dollars. They bought the dip.”
https://twitter.com/documentingbtc/status/1374356761000431620?s=21

Elon is that you?

I see a lot of folks wondering if it is Musk, or Saylor, and although those are great, I would MUCH rather see it be a purchase by some other entity.  Those guys will look like us spiral eyed loons as they keep buying... but if it's GOOG or APPL or something... whee!

Yes that’s absolutely true, these entities will jump in sooner or later... GOOG, APPL, FBOK even MSOFT can’t be ruled out.

It's all about game theorie. Sooner or later they will have to adapt if they don't want to fall behind. Devil take the hindmost.

I have a serious question how these entities are able to withdraw tens of 1000s of BTC is single go when normal users have limits from 1BTC to 100BTC Max.
And that’s after f*cking annoying KYC. Take naked pics with your driving license one hand and hand written note on other hand.

On KRAKEN i can withdrawal "unlimited" amount in crypto.

Why would you want to do that?

Do they have a bitcoin withdrawal related policy/practice, by the way?

? You prefer to keep your whole portfolio on an exchange ? I don't think so..

Yes there is policy for crypto withdrawal limit, as well for fiat withdrawal limits. But quite confortable if you get the highest level (10M. usd per day / 100M. per month).

[Syke]

I have a serious question how these entities are able to withdraw tens of 1000s of BTC is single go when normal users have limits from 1BTC to 100BTC Max.
And that’s after f*cking annoying KYC. Take naked pics with your driving license one hand and hand written note on other hand.

On KRAKEN i can withdrawal "unlimited" amount in crypto.

No limit on stamp either. https://twitter.com/Bitstamp/status/1050270754397450240

[JayJuanGee]

My contribution to the world of NFT:

https://bitcointalk.org/index.php?topic=5325734.0

Nice Elwar!
But Jack Dorsey's first ever tweet just sold for $2.9mln to the Chief Executive of Oracle.
https://www.bbc.com/news/business-56492358

I think it's the very same guy who is (or was) bidding on Elon musk's NFT.

That mofo is motherFking rich af.

The ethereum network is a buzz to see which pool will be mining that block where it landed on.

I'm not one to brag but the value of my post went from zero to an officially appraised value of almost a satoshi so....ya, it's kinda a big deal.

The percentage appreciation is somewhere around infinity.

There was an error in that earlier appraisal that has been revised to "up to 10 satoshis," but what do I know?  you are a pretty charismatic, popular and wild and crazy guy... which could affect value assessments.

“Someone just transferred 12,000 #bitcoin  off of Coinbase, that's over half a billion dollars. They bought the dip.”
https://twitter.com/documentingbtc/status/1374356761000431620?s=21

Elon is that you?

I see a lot of folks wondering if it is Musk, or Saylor, and although those are great, I would MUCH rather see it be a purchase by some other entity.  Those guys will look like us spiral eyed loons as they keep buying... but if it's GOOG or APPL or something... whee!

Yes that’s absolutely true, these entities will jump in sooner or later... GOOG, APPL, FBOK even MSOFT can’t be ruled out.

It's all about game theorie. Sooner or later they will have to adapt if they don't want to fall behind. Devil take the hindmost.

I have a serious question how these entities are able to withdraw tens of 1000s of BTC is single go when normal users have limits from 1BTC to 100BTC Max.
And that’s after f*cking annoying KYC. Take naked pics with your driving license one hand and hand written note on other hand.

On KRAKEN i can withdrawal "unlimited" amount in crypto.

Why would you want to do that?

Do they have a bitcoin withdrawal related policy/practice, by the way?

? You prefer to keep your whole portfolio on an exchange ? I don't think so..

Yes there is policy for crypto withdrawal limit, as well for fiat withdrawal limits. But quite confortable if you get the highest level (10M. usd per day / 100M. per month).

Seems that you are missing my point.. on purpose, I don't know.

Likely you appreciate that this thread is about bitcoin, and many of us (maybe I am referring to the royal us, here) do not know what the fuck this crypto concept is that you had mentioned.. so why use such a vague term herein when we are talking about bitcoin in this here thread.. unless you are being specific about what you are talking about exactly and sure fiat is relevant to this thread too.. we have ourselves a bitcoin and a USD thread, here, no?  and sure from time to time other fiats are referred to and sometimes shitcoins, too... and sometimes connections are attempted to be made in regards to any other topics in terms of how they might relate to bitcoin.

Now if you want to refer to more general concepts and refer to shitcoins, and not about bitcoin, then why talk about that here?  If you were referring to bitcoin, then why not use the word bitcoin.. because you are amongst friends here, and if you use the word bitcoin, we will know what you are talking about... If you use the vague-ass concept of crypto we may infer that you meant bitcoin, but why infer when you can just come out and say it, directly.  Bitcoin...  bitcoin bitcoin bitcoin...  .not that difficult to say once you get used to it.. .and it is not like bloody mary came out after I said it, right?

Regarding your more substantive point or your reiteration of the point about keeping value on exchanges, personally, I do keep some value on some exchanges, but it is a much smaller percentage of my overall portfolio value than I had been keeping on exchanges before 2017.. Sure, from time to time, it may be a good idea to consider or to reconsider whether some value can be removed from the exchanges, and maybe that question becomes quite a bit more important when the price of bitcoin goes way up including our 5-6x increase since early September and surely if it continues to go up from here on out..

So sure questions about how much value to keep on exchanges can cause some dilemmas for many bitcoin HODLers, including yours truly... and at the same time we might come to differing conclusions and have to revisit our considerations based on what we are trying to achieve in terms of keeping some value on exchanges... whether dollars or bitcoin... including that sometimes when we might want to move value on and off of exchanges and exchange policies might change (as you mentioned) but also processing times on the blockchain can sometimes be an issue in terms of moving bitcoins onto exchanges or moving bitcoin off of exchanges... and surely there remains quite a bit of fear in the bitcoin space in regards to exchanges creating more withdrawal limits rather than fewer withdrawal limits - so substantively you’re your assertion that there are higher withdrawal limits (presumably applying to bitcoin and perhaps even unlimited) seems to be a good direction that many bitcoiners would both want and to have such exchange policies/practices on an ongoing basis.. but surely we cannot really count on exchanges being consistent or even NOT suddenly changing their policy/practices during high volatility times or some other things going on that might mostly be known by them and not necessarily known by their customers in advance.

But of course there continue to be issues about KYC and AML policies too.. so even if the withdrawal limits happen to seem as if they are high, if some people are being restricted based on their KYC/AML levels, there can continue to be concerns about those kinds of restriction matters that might feel like they are disparately enforced, even with seeming to have more liberal withdrawal policies/practices on the books.