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

[Dabs]

Maybe Satoshi doesn't care about material wealth. Maybe for him it's all about contributing to the world. Maybe he has decided to "burn" those million coins, as a donation to all of us. You may think such things never happen, but they do.

That's probably the most likely scenario. He sent 10 BTC to Hal as a test transaction because it was not worth anything then. Hal was publicly known to have mined and collected at least 3k BTC before he passed away or got frozen. His heirs now control that (or spent it, who knows ... most likely they kept most of it in cold storage too for a rainy day in the future.)

The early coins, about 1m, were all mined and the wallets either discarded or deleted. It was common for the miner which was the wallet software, to simply generate new addresses as needed. If those were not backed up, no one else has them.

Satoshi knew enough to remain anonymous from the beginning.

What will happen if he really burnt the BTC under his ownership? 
Just asking for a friend.

Nothing happens. The coins just remain where they are. Nothing happens.

[ImThour]

Nothing happens. The coins just remain where they are. Nothing happens.

My bad, these altcoins have tingled my brain so much that I forgot there is no deaD address in Bitcoin blockchain.

[Dabs]

Nothing happens. The coins just remain where they are. Nothing happens.

My bad, these altcoins have tingled my brain so much that I forgot there is no deaD address in Bitcoin blockchain.

The first block, or the genesis block, has 50 BTC of unspendable coins. People have donated some more to it over the years, those can be spent, but it is unlikely they ever will be. There are also known addresses with no private keys. Those can be considered "dead", maybe? Even if they are not really.

the onchain researchers from Glassnode tweeted on December 18, 2020, that “1.78 million bitcoins have never left their miner address.”

https://twitter.com/glassnode/status/1339989964298268673?s=21

And there are guesses that about 3 or 4 million other coins that have not moved for more than 9 or 10 years are lost too. Except that every now and then, we see reports of 2009 and 2010 era coins moving.

Not to worry, someone out there is keeping track of coins that have not moved since 2009 to 2012 and it's not that much more difficult to keep watching a few more years worth, or even everything up to today (but would be pointless to look at 2021 coins unless you are analyzing for a different purpose.)

[modrobert]

Maybe Satoshi doesn't care about material wealth. Maybe for him it's all about contributing to the world. Maybe he has decided to "burn" those million coins, as a donation to all of us. You may think such things never happen, but they do.

Déjà vu Gavin Andresen's Bitcoin Faucet.



https://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/

[ChartBuddy]

Explanation

[shahzadafzal]

Bank of America approves trading for Bitcoin

https://twitter.com/coindesk/status/1416016312837476355?s=21

[somac.]

Bank of America approves trading for Bitcoin

https://twitter.com/coindesk/status/1416016312837476355?s=21

Chees pieces are all being moved into appropriate place for the next run.

[ChartBuddy]

Explanation

[bitebits]

https://blockstream.medium.com/blockstream-markets-weekly-july-16-2021-410c0500afe6

- $2 Trillion Capital Group takes 12.2%, $600M stake in Microstrategy
- BNY Mellon teams up with Grayscale for ETF services
- $550M of GBTC set to unlock
- Central banks criticize stablecoins
- Jack Dorsey wants to build DeFi on Bitcoin
- PayPal jacks BTC purchase limits
- and more..

[philipma1957]

Beanie Baby Bitcoin going full tulips in the coming 18 months. Anybody still hodling or did you take Billy’s advice & dump those bags? The only use for your digital tokens is pedophile material & drugs online. Don’t get left holding your bags. Bitcoin going to $0.

weeeeeee

I just setup a 201 usd dca purchase on the 1st and 15th of the month.  Thank you for your advice.

to all 1btc = 1btc


https://www.blockchain.com/btc/address/12M8G8N48u1DqFqFUVh7N2axGFWSLh16Pk

[Dabs]

- PayPal jacks BTC purchase limits

Can you withdraw your PayPal BTC to your own wallet? Can you send to any other bitcoin address?

*edit* it would seem like you can, but want to confirm from anyone here who has actually used or uses PayPal.

[JayJuanGee]

Beanie Baby Bitcoin going full tulips in the coming 18 months. Anybody still hodling or did you take Billy’s advice & dump those bags? The only use for your digital tokens is pedophile material & drugs online. Don’t get left holding your bags. Bitcoin going to $0.

weeeeeee

Is that you jonoiv?

Holy cow.. that could be something close to jonoiv... but not even jonoiv was so dumb as to proclaim that bitcoin is going to zero.. so Billy no coiner is surely a higher level diptwat than even jonoiv.

A reminder of jonoiv's most recent level of dumb.

Jonoiv sold all of his BTC (not that it was very much to even speak about.. which is another level of dumb) pretty damned much in the sub $6k territory in around May 2019, so his then investment thesis was that bitcoin would drop to $2k or some dumb shit like that.. gosh I feel stupid even reiterating his level of dumb.

So yeah, he was here in the thread cheering for down and cheering for down, and he was having such a hard time of even the price getting below $6k .. which surely there was some potential of getting close in late 2019 when BTC cropped again into the lower $7ks and upper $6ks, and sure we were not hearing too much from jonoiv by then.. and one would have thought that at some point he would have bought back in, even if at a loss... but then jonoiv got even more lucky with the March 2020 liquidity event, and he even chimed in on the thread to acknowledge that he had seen the BTC price drop to $3,850 but he was still waiting for sub $2k or some nonsense like that... so there is a kind of lack of conviction from some of these people in regards to the underlying asset (referring to bitcoin), and they cannot even recognize a gift of a buying opportunity when presented with such gift....

So even if any of us were trying to play the BIG swings, we might have luck once in a while, but seems that a lot of bitcoin naysayers (and those waiting for lower prices) get locked out forever when the wait for prices that either do not happen or they are not ready to buy when they have a short-lived opportunity... hopefully, on a personal level, those kinds of dweebs are not as dumb as their words, and sure they might at least be buying BTC while they are paid to say such nonsense.. that not even the most retarded of retards should be taken seriously (in terms of considering how to consider bitcoin as an investment or various investment strategies to employ such as dollar cost averaging or other reasonable/prudent bitcoin investment strategies), especially after studying the bitcoin space for a while.. and sure there are some of those out there..

Take that dweeb Jorge Stolfi, for example,.. he might even believe his own ongoing nonsense bitcoin naysaying pronouncements.. not sure that a computer science professor could be so dumb, but whatever.. that's part of the reason that we need to have some skepticism that smart people say some dumb things sometimes.. and could just be that they are trying to defend the interests of funding sources that want to hire smart people to make their dumb points because smart people do have better abilities to convince the innocent masses.

[BlackHatCoiner]

There are also known addresses with no private keys.

There are no addresses with no private keys.

Better formulation:  It hasn't been proved that there's an address that has no private keys. On average, each one has 2⁹⁶ different keys.

[Saidasun]

Maybe Satoshi doesn't care about material wealth. Maybe for him it's all about contributing to the world. Maybe he has decided to "burn" those million coins, as a donation to all of us. You may think such things never happen, but they do.

Satoshi probably knows that now that Bitcoin is established moving those coins or taking them out for whatever expenses he has could put Bitcoin in jeopardy. Think about it they have not been touched for a while and then suddenly they move people would panic sell. Satoshi's coins right now are acting as a gift to the rest of the Bitcoin network making our coins more valuable in the long run. 

[ChartBuddy]

Explanation

[aysg76]

Bank of America approves trading for Bitcoin

I really feel witty about these cases and how does these banks change their statements witnessing growing demand for bitcoin among their clients.

Nearly 3 in 4 professional investors in Bank of America survey see bitcoin as a bubble.Some 74% of those who responded to the Bank of America Fund Manager Survey for April said they see bitcoin as a bubble.

Buying btc is like owing 60 cars

And we probably have a thread for this one on the forum.But see how time flies from bitcoin is scam to we accept or offer btc services,bitcoin has came a long way.

[JayJuanGee]

There are also known addresses with no private keys.

There are no addresses with no private keys.

Better formulation:  It hasn't been proved that there's an address that has no private keys. On average, each one has 2⁹⁶ different keys.

Not every peep in this thread recognizes and understands math an sciences, so each of you might need to 'splain ur lil selfies (referring to both of you, Dabs and BlackHatCoiner) a wee bit MOAR better, especially when you are devolving (or would it be evolving) into seemingly conclusory (and conclusive) math/science explanations.. as if showing a math formula were to serve as some kind of significant, meaningful and/or convincing proof of some kind of underlying truth to a vast majority of thread participant (can I say us?) normies...

Maybe Satoshi doesn't care about material wealth. Maybe for him it's all about contributing to the world. Maybe he has decided to "burn" those million coins, as a donation to all of us. You may think such things never happen, but they do.

Satoshi probably knows that now that Bitcoin is established moving those coins or taking them out for whatever expenses he has could put Bitcoin in jeopardy. Think about it they have not been touched for a while and then suddenly they move people would panic sell. Satoshi's coins right now are acting as a gift to the rest of the Bitcoin network making our coins more valuable in the long run.  

Stop spreading nonsense... If satoshi wants to spend some or all of his bitcoin, he can do it.. bitcoin gives no shits, even if there might be a price dip or whatever.. bitcoin is not going to die based on a million coins becoming liquid, if that were the case and even if they are all put on the market at once.. no one cares, even if the price drops.. who cares.. consider what is probable and what is likely and even think about how much nonsense even exists speculating that one entity (satoshi supposedly) would even want to put a million coins on the market at once or even in large chunks.... bitcoin is beyond satoshi by now, even in the event that satoshi either still lives and/or still were to have abilities to move or spend the coins that he mined.

[BlackHatCoiner]

Not every peep in this thread recognizes and understands math an sciences

I've recognized the Wall Observer before, but I didn't become mean. I just corrected his wording for the common good.

[JayJuanGee]

Not every peep in this thread recognizes and understands math an sciences

I've recognized the Wall Observer before, but I didn't become mean. I just corrected his wording for the common good.

Yeah, but if none of us (ok I may well be exaggerating a wee bit) understand the significance, then did you really say anything?


 

[Hueristic]

Mmkay, firing another 1000€ purchase. I can do this for a long long time, you crazy traders