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

[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

[philipma1957]

Buddy blocker!

Checked my records I caught a bit of dip

under 31k.  So the stack is bigger.

Note this is the  trading stack.

[Richy_T]

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

It could go some way to explaining how he was able to trick Gavin too

[somac.]

Blocks seem to have slowed down a little more over the last day.

Apparently, 70% of Chinese miners had shutdown by about the 23rd, and by the end of the month that number would be 90%. End of the month right now so might be holding true. We definitely need that difficult change though, good thing transactions are majorly down otherwise there would be a big traffic jam.

I bet the dollar signs in Phil's eyes are spinning right about now with this circa 25% difficulty decrease we are looking at.

My Chinese miner info comes from the following

https://twitter.com/SinoCrypto/status/1407524185228840965

[somac.]

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

It could go some way to explaining how he was able to trick Gavin too

CSW is completely full of shit. I am 100% certain he has had nothing to do with anything relating to Satoshi. End of story.

Besides, I truely doubt Satoshi was more than 1 person.

[ChartBuddy]

Explanation

[Richy_T]

CSW is completely full of shit. I am 100% certain he has had nothing to do with anything relating to Satoshi. End of story.

Besides, I truely doubt Satoshi was more than 1 person.

Inclined to agree. My thought is that CSW is well practiced at his shenanigans and Gavin was naive/star struck enough to fall for it.

[cAPSLOCK]

Prepair for total doom.

One major sell-off shaking out the weakest hands on Earth.

I'm watching, and sure, current rate sucks, but look at the resistance around 30k, that's bullish to me.

Hope i'm wrong. Potential bottom touched serval times now but if it beaks...



Diamond Hands will prevail.

I am no technical expert by any means... but the more tests on resistance...  the less it can be expected to hold.

It does not look like we are done.  It's kind of hard to fathom for me honestly.