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

[JayJuanGee]

HODL for decentralized finance!

Wow - A kind of shitcoiner fantasy, no?

Breaking News!

 An authoritative source has informed me that the dust has finally settled on the defunct QuadrigaCX exchange and former customers are getting ~13% of their money/coins deposited back based on the values when the exchange went bust.

Edit: cheques are currently being delivered.

I don't see any link so it must not be true.

This lazy cat bot does not do google self-searching

Well, since I see that HI-TEC99 has posted some actual proof, there's no need for me to divulge my authoritative source. 

Yeah right... 


You slo po.
 

ProTip:  You should have told them:   "double dee usual coffee.. extra black.. & hold the carb parts on dee egz Mcmuff..  cuz  .... I got's my lil selfie thingies to do"....  then you would have had been quicker to the punch in your response and not gotten beaten up by HT

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[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[HI-TEC99]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cygan]

[Onset]

What an interesting idea.  Do you think it will catch on?

I think it looks slick. I have something similar on my wall but it’s this design. It looks very good if printed on highest quality. The design I just linked you to was originally made by someone who posted it on Reddit AFAIK and it went very popular over there pretty quickly.. It’s very nice anyway.

Gives me an interesting sensation when I look at it. It’s the Bitcoin Whitepaper made into a poster that looks like a newspaper, which also reminds me of the piece of news it all started from. Pretty much art if you ask me.

Edit: I’m actually stupid

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Who is John Galt?]

Source

What an interesting idea.  Do you think it will catch on?

Hardly! Money that can be earned right on your home computer? It even sounds ridiculous! Not even worth the attention!

[eXPHorizon]

Source

What an interesting idea.  Do you think it will catch on?

Hardly! Money that can be earned right on your home computer? It even sounds ridiculous! Not even worth the attention!

Oh its Internet money now huh. It used to be until they took Bljatcoins from true early adopters .. Now look what these bittches made it its not worth mentioning like you say. Fuck this, they love third class And shunn first class. Pure idiocracy

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[nlovric]

Eurozone Officially Enters Recession

The Eurozone GDP shrank for two consecutive quarters signalling the beginning of a formal recession. Following a revised -0.1% in Q4 2022 Eurostat reported a 0.1% decline in GDP in Q1 2023 compared to the prior quarter. The wider Eurozone has been impacted by the recession in Germany and the inflationary pressure that has an influence on household expenditure. However employment in the area grew by 0.6% in the first quarter of 2023.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Bd officer]

What an interesting idea.  Do you think it will catch on?

Sorry sir, I am deleting the post

[Gachapin]

You should not be surprised. The Bitcoin users (Us) should remain anonymous. But, we are the people who give the chance to Binance for doing shit. People Compromise their Privacy to them just to use their service while they are not a real P2P Platform. They have become a giant and can control the Bitcoin market if they want. If the 1K Bitcoin Movement can affect the market and it goes down by more than 10%, How much Market will it go down if Binance sells its Half Million Bitcoin? Not your keys, not your coins. Binance users won't be able to do shit if they become bankrupt. Binance becomes a Giant, and they can control the market if they want.

Look at the comparison of Bitcoin Volume of the last 24 Hours.



99% Trading volumes on the Centralized market. We are the people who gave them this power. You cannot deny that Binance news even matters!

many pushed Binance to where they are today

but not everyone uses Binance.  

with all their shitcoin p&d schemes they were shady from the get-go

I Just Noticed you changed your post. It was like you and some others maybe.. not everyone uses Binance
If you think it's me and some others, who can trade 22% of the Total Trading volume on Binance, then it's me and some others.
These are ridiculous stats. Bitcoin 24 Hours trading volume on CEX was $24,274,100,680. While only Binance users traded $5,299,047,621. 22% Of total trading volume. However, I did not count tons of small trading pairs.

Binance Still holds half a million Bitcoin. If something happens with Binance like FTX, be ready for a massive crash.
Eventually, BTC will recover. But people who lose their funds are unlikely to recover their losses.

Data Collected from;
https://www.coingecko.com/en/exchanges/binance
https://coinmarketcap.com/currencies/bitcoin/

All we can do is ask people not to rely on centralized exchanges.
People will still do it and ignore every warning you give them.

Honestly, I think that someone that naïve can't be protected. Even if every inch of the page had been full of warnings, he still might've fallen for it,

Two Months ago, I wrote an post about centralized exchanges TOS.
You may find it interesting; Do you know what is hiding behind Centralized exchanges User Agreement?

you are right. I adjusted my wording.  Initially, I wanted to poke you a bit because you said "We are the people who gave them [Binance] this power", because I think there are a lot WOers who would never use stupid "Crypto"-Casinos like Binance (me included).
But I decided it might come off a bit offensive so I changed my post. (Yes I try to be sensitive from time to time )

I'm totally with you though.  Too many idiots shuffled too much money to these Casinos...
I think one of the reasons is that it's easier to interchange coins and fiat on a CEX compared to a DEX.
Other reasons are gambling lust and laziness to store your digital assets by yourself (afaik only 10% of holders do self custody)

If Binance really holds 0.5M BTC this will always be a risk, of course. But did they do a prove of reserve?  I wouldn't be surprised if they lied to everyone. But even then, FTX had almost no Bitcoin at all and the Bitcoin marked still crashed.


I think the best way to mitigate this risk is to push self custody... That will take some time as all this stuff is new tec and people need to get used to it...  luckily every CEX fail will be positive for the self custody movement

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

Sorry, no. What I wrote was absolutely correct:
I said 55% go in the community fund and into the staking system. (so 10% for the community found and 45% for the masternodes)

45% of new coins produced are staking rewards to do with whatever the masternodes please, they don't go "into the staking system." You don't get more rewards for having over 1,000 DASH as masternode collateral. The constant sell pressure of masternode rewards is actually what is regularly blamed by the Dash community for dragging the price down.

We can twist words

I wasn't trying to "twist words," I just thought you'd appreciate knowing how it actually works as opposed to what you claimed.

I'm not really interested in defending Dash but when claims of "scam" are made they should be backed by evidence of malicious intent.

Thanks.
I think I know how staking works. But English is my third language, so please forgive my technically incorrect expression.
But I hope that we can agree that 55% of new coins go to the stakers (in my words, "into the staking system") and to the community fund (10%).

And the staking is one part that makes Dashit a security (apart from an organisation behind it and other stuff)


With regard to malicious intent:
The active lowering of the total cap and thereby the increasing of the impact of that convenient "bug" the devs abused to mine 2M coins in 1 day is enough evidence for malicious intent, afaic.

Normally as a dev you would try to decrease the impact of a bug, not increase it.  So in my eyes clear malicious intent

[John Abraham]

If Binance really holds 0.5M BTC this will always be a risk, of course. But did they do a prove of reserve?  I wouldn't be surprised if they lied to everyone. But even then, FTX had almost no Bitcoin at all and the Bitcoin marked still crashed.

They do. But I am not sure how I can verify it. You can check it from here https://www.binance.com/en/proof-of-reserves
Instead of checking their own claimed proof of reserve, I collected their Bitcoin Wallet data. Check the data below

Address 1- https://blockchair.com/bitcoin/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo 248,597.39   BTC
Address 2- https://blockchair.com/bitcoin/address/38Xnrq8MZiKmYmwobbYdZQ5nnCbX1qvQfE 117,351.06 BTC
Address 3- https://blockchair.com/bitcoin/address/38DN2uFMZPiHLHJigfv4kWC9JWJrNnhLcn 40,041.05 BTC
Address 4- https://blockchair.com/bitcoin/address/bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h 38,802.05 BTC
Address 5- https://blockchair.com/bitcoin/address/3LQUu4v9z6KNch71j7kbj8GPeAGUo1FW6a 37,926.98 BTC
Address 6- https://blockchair.com/bitcoin/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6 37,326.42 BTC
Address 7- https://blockchair.com/bitcoin/address/3FHNBLobJnbCTFTVakh5TXmEneyf5PT61B 31,275.35 BTC
Address 8- https://blockchair.com/bitcoin/address/3Qxak1CZhLyZ7GVckKphLURdLBCjMfz9bA 17,669.23 BTC
Address 9- https://blockchair.com/bitcoin/address/34HpHYiyQwg69gFmCq2BGHjF1DZnZnBeBP 16,306.63 BTC
Address 10- https://blockchair.com/bitcoin/address/36zSLdRv1jyewjaC12fqK5fptn7PqewunL 10,031.96 BTC
Address 11- https://blockchair.com/bitcoin/address/3EbJfpmFgufYtzW9UFvf1GAfm2ted1Rwnr 3,821.08 BTC

There are a few more addresses currently holding less than 3000 BTC each. These are the major Wallets currently holding 599,148 BTC.
All of them are on-chain. They also hold some Shitcoin like wrapped Bitcoin, Bitcoin on BSC chain etc etc.

[Gachapin]

If Binance really holds 0.5M BTC this will always be a risk, of course. But did they do a prove of reserve?  I wouldn't be surprised if they lied to everyone. But even then, FTX had almost no Bitcoin at all and the Bitcoin marked still crashed.

They do. But I am not sure how I can verify it. You can check it from here https://www.binance.com/en/proof-of-reserves
Instead of checking their own claimed proof of reserve, I collected their Bitcoin Wallet data. Check the data below

Address 1- https://blockchair.com/bitcoin/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo 248,597.39   BTC
Address 2- https://blockchair.com/bitcoin/address/38Xnrq8MZiKmYmwobbYdZQ5nnCbX1qvQfE 117,351.06 BTC
Address 3- https://blockchair.com/bitcoin/address/38DN2uFMZPiHLHJigfv4kWC9JWJrNnhLcn 40,041.05 BTC
Address 4- https://blockchair.com/bitcoin/address/bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h 38,802.05 BTC
Address 5- https://blockchair.com/bitcoin/address/3LQUu4v9z6KNch71j7kbj8GPeAGUo1FW6a 37,926.98 BTC
Address 6- https://blockchair.com/bitcoin/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6 37,326.42 BTC
Address 7- https://blockchair.com/bitcoin/address/3FHNBLobJnbCTFTVakh5TXmEneyf5PT61B 31,275.35 BTC
Address 8- https://blockchair.com/bitcoin/address/3Qxak1CZhLyZ7GVckKphLURdLBCjMfz9bA 17,669.23 BTC
Address 9- https://blockchair.com/bitcoin/address/34HpHYiyQwg69gFmCq2BGHjF1DZnZnBeBP 16,306.63 BTC
Address 10- https://blockchair.com/bitcoin/address/36zSLdRv1jyewjaC12fqK5fptn7PqewunL 10,031.96 BTC
Address 11- https://blockchair.com/bitcoin/address/3EbJfpmFgufYtzW9UFvf1GAfm2ted1Rwnr 3,821.08 BTC

There are a few more addresses currently holding less than 3000 BTC each. These are the major Wallets currently holding 599,148 BTC.
All of them are on-chain. They also hold some Shitcoin like wrapped Bitcoin, Bitcoin on BSC chain etc etc.

looks convincing... so it seems 0.6M BTC belong to the CCP