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

[El duderino_]

https://bitcointalk.org/index.php?topic=5346118.0

JoIn BrOtHeRs

[lightfoot]

Well in other news, I'm back to fixing miners again. Just repaired a nice T17+ for a Bitcoin Forum member, had a bunch of interesting little problems to untangle.

But it's merrily hashing away at 47th so that's nice.

too bad my hashpower is in Can, otherwise I would have sent you some of those sick puppies.
From Can it is too expensive plus a surplus tax on China stuff (although i am not sure it is still in effect or not-'killed' me on US hashpower).

Really? I don't remember shipping from Canada to be that complex, and since the country of origin is the final destination the only import fee you might have to pay would be the value of the repairs.

[LFC_Bitcoin]

Thoughts on this please TA guys?


@WClementeIII
The most Tether in the history of Bitcoin has been moved onto exchanges.

The previous record was right before Tesla announced their buy.
https://twitter.com/wclementeiii/status/1408881377400004614?s=21


@WClementeIII
Btw it's not just people "ditching Tether" yesterday was a record day of USDC inflows as well.
https://twitter.com/wclementeiii/status/1408891320014360578?s=21

[ChartBuddy]

Explanation

[Biodom]

omph, omph, bud-deyyy, buddey-buddeyy....surrender... (Abba "Waterloo" style).

[ChartBuddy]

Explanation

[Wekkel]

Thoughts on this please TA guys?

The chart looks ugly. But this fills my Hopium 

There is no solution for low prices than … lower prices.

[cAPSLOCK]

Let's say Satoshi was a group, it would seem there is only one spokeperson who posted on the forums, as the posts are consistent up until he or she or they disappeared. So maybe he was working with a group but the main character is the only one posting as a single entity.

But doesn't explain why they haven't moved their stash of BTC though!

There are two simple explanations for that:

1. Satoshi died.
2. He deleted access to the wallets / never had access to them / mining computer nuked / did not care for value.

It's quite possible someone has more than enough money to resist the urge trying to cash out a few billion dollars worth of bitcoin, but that's unlikely.

The best theory I have seen (which CSW sued the guy to take the post down so obviously he's above the target) is that Hal Finney was the brains behind Bitcoin using his genius brain to put together all of the pieces created by so many smart cypherpunks before him. He enlisted the help of Dave Kleinman for his expertise as well they were both suffering from the same life threatening disease. While Finney did most of the background work Dave took on the Satoshi character understanding the implications of what they were doing. He knew that he needed to be completely anonymous so he asked his friend Craig Wright for some pointers on how to hide his identity very well. He then took on the "public" persona of Satoshi and was the Satoshi that we all know. He set up the first few nodes while keeping anonymous, bringing in Finney's nodes early on as a non-anonymous node though they likely were working together on everything before that.

Finney and Kleinman eventually died. Craig Wright, knowing that Kleinman was Satoshi tried desperately to get Kleinman's computers and USB drives from his family after his death. Also, it would make sense that CSW knew who Satoshi was otherwise he would not be so willing to come out and claim that he is Satoshi. The real Satoshi could always prove him wrong otherwise. CSW also likely knew some specifics about how Kleinman stayed anonymous so he was able to put some pieces together to make it look like it was him all along.

CSW can try to sue me for posting this but good luck finding me.

I have heard this theory too.  And it is one of the few without a fatal hole, and even makes things like the lawsuit make some sense.

I would hate for CSW to actually be that close to it all.  He is a curse on the whole thing...

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Syke]

The best theory I have seen (which CSW sued the guy to take the post down so obviously he's above the target) is that Hal Finney was the brains behind Bitcoin using his genius brain to put together all of the pieces created by so many smart cypherpunks before him. He enlisted the help of Dave Kleinman for his expertise as well they were both suffering from the same life threatening disease. While Finney did most of the background work Dave took on the Satoshi character understanding the implications of what they were doing. He knew that he needed to be completely anonymous so he asked his friend Craig Wright for some pointers on how to hide his identity very well. He then took on the "public" persona of Satoshi and was the Satoshi that we all know. He set up the first few nodes while keeping anonymous, bringing in Finney's nodes early on as a non-anonymous node though they likely were working together on everything before that.

Trying to maintain both a public and anonymous persona is ripe for error. The original Bitcoin release was quite small, and totally within the capabilities of a single skilled programmer. I believe Satoshi was a single individual and is not any now-known figure.

[philipma1957]

Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

You could be correct that there are a decent number of 2011-ish forum members who would be whales of some sort.. but gosh I hate to be assuming too much in that direction....

So, according to todays definition of whale, we might be able to 10x or 16x (which seems to be too presumptuous) our anticipations regarding where BTC might go each cycle, so  those of us who registered in 2014, would be considered having high likelihood of being whales in 2024, or it does not work like that?

We might need our little chart again, for reference sake.



Of course, over the years, the classifications of the fishes and amounts needed for each classification should be changing, no?  Do these categories still stand, or does someone want to tweak to make them more reflective of our current BTC price dynamics times?  In other words, is 1,000 BTC still required for entry-level whale status?

Still a crab oh well

[Copetech]

Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

You could be correct that there are a decent number of 2011-ish forum members who would be whales of some sort.. but gosh I hate to be assuming too much in that direction....

So, according to todays definition of whale, we might be able to 10x or 16x (which seems to be too presumptuous) our anticipations regarding where BTC might go each cycle, so  those of us who registered in 2014, would be considered having high likelihood of being whales in 2024, or it does not work like that?

We might need our little chart again, for reference sake.



Of course, over the years, the classifications of the fishes and amounts needed for each classification should be changing, no?  Do these categories still stand, or does someone want to tweak to make them more reflective of our current BTC price dynamics times?  In other words, is 1,000 BTC still required for entry-level whale status?

Still a crab oh well

I'm confused... I've seen it said over and over that you become a Whale (or at least "reach Fuck U Status) at 0.21BTC.
Are you telling me now that my life's ambitions amounts to nothing more than a freezer burned popcorn shrimp???

Lies! All Lies! 

[ChartBuddy]

Explanation

[Dabs]

The best theory I have seen (which CSW sued the guy to take the post down so obviously he's above the target) is that Hal Finney was the brains behind Bitcoin using his genius brain to put together all of the pieces created by so many smart cypherpunks before him. He enlisted the help of Dave Kleinman for his expertise as well they were both suffering from the same life threatening disease. While Finney did most of the background work Dave took on the Satoshi character understanding the implications of what they were doing. He knew that he needed to be completely anonymous so he asked his friend Craig Wright for some pointers on how to hide his identity very well. He then took on the "public" persona of Satoshi and was the Satoshi that we all know. He set up the first few nodes while keeping anonymous, bringing in Finney's nodes early on as a non-anonymous node though they likely were working together on everything before that.

Trying to maintain both a public and anonymous persona is ripe for error. The original Bitcoin release was quite small, and totally within the capabilities of a single skilled programmer. I believe Satoshi was a single individual and is not any now-known figure.

If CSW knew the real Satoshi, it would be within reason that CSW would have at least been a real early miner and not just a speculator. Or he got some coins early for his ideas on how to be anon...

About the only thing that made sense from CSW before bitcoin was his work on scrubbing data from hard drives.

If CSW had really known about bitcoin in 2008 or 2009, he should have some 1k to 10k BTC just from mining or buying cheap. If he does not, then that's just foolishness on his part. I think he did not really know about bitcoin until maybe a little before he became publicly known, so about 2014-2015-ish? And he'd have maybe 1 to 10 BTC from buying it around that time with pocket change.

Anyone who has 1k to 10k BTC today who is not Elon or Saylor would be wise to remain quiet about their holdings.

Of course, plenty of OG bitcoiners don't have 1k today even if they knew about bitcoin in 2012 or 2011. Because reasons.

[Biodom]

Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

You could be correct that there are a decent number of 2011-ish forum members who would be whales of some sort.. but gosh I hate to be assuming too much in that direction....

So, according to todays definition of whale, we might be able to 10x or 16x (which seems to be too presumptuous) our anticipations regarding where BTC might go each cycle, so  those of us who registered in 2014, would be considered having high likelihood of being whales in 2024, or it does not work like that?

We might need our little chart again, for reference sake.



Of course, over the years, the classifications of the fishes and amounts needed for each classification should be changing, no?  Do these categories still stand, or does someone want to tweak to make them more reflective of our current BTC price dynamics times?  In other words, is 1,000 BTC still required for entry-level whale status?

Still a crab oh well

That classification is bs anyway. I posted about this before.
There are 25K blue whales in the world and, according to the link below, you need to have "just" 89 btc to be in the top 25K owners:
https://medium.com/@BambouClub/are-you-in-the-bitcoin-1-a-new-model-of-the-distribution-of-bitcoin-wealth-6adb0d4a6a95

Total whale numbers the world-about 75K, so the btc number you need to hit to be comparable with a whale (in bitcoiner numbers) is somewhere between 15 and 89, probably around 50, give or take. Maybe numbers are different now, but if anything, the distribution could be flatter.

[savetherainforest]

[edited out]

The only homogenous train of thought there should be allowed for each person that pertains to having a personality, enforcing it and upholding it.    

In theory, that makes lots of senses as a coherent thought.  

F^ck that...     ... The world is too fake and f-ed up to make a difference or to matter anymore anyway.

But anyway.... What you think about the price?? ... Do you think it will go up, down, sideways, (maybe back in time... ).... Eh?? ...          

[Copetech]

[edited out]

The only homogenous train of thought there should be allowed for each person that pertains to having a personality, enforcing it and upholding it.    

In theory, that makes lots of senses as a coherent thought.  

F^ck that...     ... The world is too fake and f-ed up to make a difference or to matter anymore anyway.

But anyway.... What you think about the price?? ... Do you think it will go up, down, sideways, (maybe back in time... ).... Eh?? ...          

Numbers go up... for now.
$32900+
My last buy was around $30,500..... so yea, UP

[strawbs]

Opsec allows me to confirm that I'm definitely a sea creature.

[ChartBuddy]

Explanation