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

[vapourminer]

back in 2011 when i started my interest in btc and before i started to gpu mine and receive actual btc i wanted to test my core wallet to make sure i knew how to receive btc and could create an address and play with how the wallet worked. so i remember getting some btc once from a faucet, maybe gavins as there were hardly any at that time. wish i could remember which one and how much.. thought it was less that 1 btc though.

but heres the thing. im still running and actively using the core wallet i created in june 2011...

Gavin's faucet was probably paying between 0.001 and 0.02 BTC in June 2011. All the pages between these two cover that month.

https://www.blockchain.com/btc/address/15VjRaDX9zpbA8LVnbrCAFzrVzN7ixHNsC?page=1156

https://www.blockchain.com/btc/address/15VjRaDX9zpbA8LVnbrCAFzrVzN7ixHNsC?page=1199

He gradually reduced the payout over the years.

sweet! thanks for that. gonna check it out.

the 1st few txs from my current wallet (my original 2011 wallet thats still in use) were from slush, so i must of been confident had figured it out then. so apparently i created a new wallet (the current one) at that point.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[AnotherAlt]

Better Version? Nah?

https://media.giphy.com/media/SGmAQn2UkmuF9VZHLp/giphy.gif

[Gachapin]

who of you made use of this service back then?
this site has somehow passed me by at that time...

Sadly, what faucets there were still operating were down to small fractions of bitcoin by the time I became aware.

I'd bet most of the wallets receiving those have been lost.

When BTC was around 100-200$, I remember someone sharing private keys at a certain time, and if you were quick enough you could transfer fractions of coins to your own key's address.  I think that event was actually announced on Bitcointalk..

Out of fun I got over 0.1BTC of it.  Some nice few thousand bucks today..


At that time, chain analysis tools to search for "tainted" coins from dark markets were still free to use. ...And of course, it turned out the coins given away were all "tainted"  

[ChartBuddy]

Explanation

[OROBTC]

...

Nice one, El-dude (#622602).  

Energy, we'll be hearing about that the rest of our lives.

[ChartBuddy]

Explanation

[Richy_T]

When BTC was around 100-200$, I remember someone sharing private keys at a certain time, and if you were quick enough you could transfer fractions of coins to your own key's address.  I think that event was actually announced on Bitcointalk..

Out of fun I got over 0.1BTC of it.  Some nice few thousand bucks today..


At that time, chain analysis tools to search for "tainted" coins from dark markets were still free to use. ...And of course, it turned out the coins given away were all "tainted"  

Indeed, way back in time, I posted a private key in the form of a QR code in the WO thread to celebrate something. Not sure how much was in it. Mine was not tainted, of course.

[ChartBuddy]

Explanation

[Gachapin]

When BTC was around 100-200$, I remember someone sharing private keys at a certain time, and if you were quick enough you could transfer fractions of coins to your own key's address.  I think that event was actually announced on Bitcointalk..

Out of fun I got over 0.1BTC of it.  Some nice few thousand bucks today..


At that time, chain analysis tools to search for "tainted" coins from dark markets were still free to use. ...And of course, it turned out the coins given away were all "tainted"  

Indeed, way back in time, I posted a private key in the form of a QR code in the WO thread to celebrate something. Not sure how much was in it. Mine was not tainted, of course.

Generous of you :-)
Every bit back than is now worth some rather serious change...

When I got that 0.1+ BTC, there were about 20 or more private keys posted. (Could have been 50 ... don't remember anymore)
Each address containing about 0.05BTC or so.  

Mind blowing that a 10$ piece of Bitcoin from that time got valued @ 6k-7k$ just some years later  ...and certainly more in the coming years..

[ChartBuddy]

Explanation

[AlcoHoDL]

who of you made use of this service back then?
this site has somehow passed me by at that time...

There were many faucets back in the day but you only got very little (for that period) and needed to watch ads or wait a certain period of time.

You got 5 bitcoins from that faucet when it first started, and you didn't need to watch ads or wait. However 5 bitcoins was probably worth less than half a cent back then.

On June 23, 2010 Gavin added a CAPTCHA. He discusses it in this post.

https://bitcointalk.org/index.php?topic=206.msg1711#msg1711

back in 2011 when i started my interest in btc and before i started to gpu mine and receive actual btc i wanted to test my core wallet to make sure i knew how to receive btc and could create an address and play with how the wallet worked. so i remember getting some btc once from a faucet, maybe gavins as there were hardly any at that time. wish i could remember which one and how much.. thought it was less that 1 btc though.

but heres the thing. im still running and actively using the core wallet i created in june 2011. and i cannot find that transaction. should of been the 1st transaction in the wallet.

now before i started mining to i do remember creating a few early test wallets as i want sure if i was doing it right, plus my internet sucked so bad i may of not waited for full sync, figured i did it wrong, and just ignored the early test wallets and created new ones. ergo that 1st transaction from an early faucet (gavins?) to my one of the early test wallet is likely lost.

however since i almost never delete anything i still wonder if i still have the early test wallets, as i have many early wallet.dats on my old backups. and im pretty anal about backups. so, one day, all those old early wallets copies will get plugged in and run against the blockchain. who knows maybe i will finally find out what happened to that early faucet transaction lol.

Nice story. You should definitely check those wallet.dats, you may be very pleasantly surprised...

[PoolMinor]

Someday WO/$ parity price will come again.




https://www.youtube.com/watch?v=Ff8h0knWAfI

[PoolMinor]

This will be true once all Bitcoin are mined. Energy cannot be created or destroyed.

All those Ethereum fanboys gonna get rekt when they realize the fiat value of their precious token was in the mining and not in the utility. The utility will still be there when it goes to POS but the price won't.

[ChartBuddy]

Explanation

[goldkingcoiner]

This will be true once all Bitcoin are mined. Energy cannot be created or destroyed.

All those Ethereum fanboys gonna get rekt when they realize the fiat value of their precious token was in the mining and not in the utility. The utility will still be there when it goes to POS but the price won't.

I'm just glad it's ETH undergoing the POS update. Although I see the Bitcoin price going down due to sheer panic when it happens. #cheapcoin

[JayJuanGee]

Looking back at any period the easiest way to get rich was to just go and buy Bitcoin. This still holds true...

You must be new here...

Back in the day you could make 10000BTC by selling a pizza. Why watch ads for hours...
In 20 years the current 20k will easily be >1M.

So explain to me why it's not true  

Don't you know Wihelm that eXPHorizon doesn't know nuttin?

If eXPHorizon had just invested $10 per week over the past 8 years (after he supposedly lost his MTGOX coins) then he would have right around 4 BTC right now.. Sure he would not necessarily be rich, but he would have more than the 3 BTC that he had been begging to receive for free from those of us who have been reasonably and prudently investing into bitcoin for a decent amount of time.

If the worlds wealth is 450 trillion btc is 1 out of 2000 of that wealth

ask yourself what is  the realistic % of the worlds wealth it can have.

The total addressable market for bitcoin is at least $1 quadrillion (in today's value storage).. so you are a little low (about 1/2) philip... other than that, I agree with the other aspects of your numbers.

How long it could take bitcoin to get there is another story.. maybe 150 years or more.

Someday WO/$ parity price will come again.
https://www.youtube.com/watch?v=Ff8h0knWAfI

I sure hope so.  Probably the quickest would be within one week but it could take up to a year, but the more likely scenario should be less than 6 months.. maybe even less than 3 months - even though there is so many factors that could cause it to take longer.

We might need a poll to address that question.  

[ChartBuddy]

Explanation

[Wilhelm]

This will be true once all Bitcoin are mined. Energy cannot be created or destroyed.

All those Ethereum fanboys gonna get rekt when they realize the fiat value of their precious token was in the mining and not in the utility. The utility will still be there when it goes to POS but the price won't.

Then you don't understand what is happening.

For starters ETH has half the market cap of Bitcoin so iets the leader of Utility, where Bitcoin is the leader in store of value.
Ethereum currently isn't deflationary, and will be after the merge.
After the merge the tokens will be severely limited and the event will be like a triple halving.
In the future staking will be the most easiest way to increase your holdings.

I have a small portion of my stack in ETH and it's outperforming BTC, which is why I've bought some for the "shorter period"

I agree that there are many things wrong with Ethereum but saying it's worthless it's very naive...