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

[bitebits]

You got to love the Bitcoin nerds, this will be my goto website for checking the price (next to Bitstamp of course):

Introducing UTXOracle.py - Get the price of bitcoin without any exchange or third party.

Everyone who runs this will get the same price independently.

Open source, 100% on-chain data, no external libraries, no cookies. Works offline.

https://utxo.live/oracle/

https://x.com/SteveSimple/status/1704864674431332503


How it seems to work:

Since a lot of people transact in round USD amounts (their unit of account is still fiat) you can probabilistically estimate what the price of Bitcoin is from "on-chain" bitcoin transaction amounts.

https://x.com/francispouliot_/status/1704868961131659369

The daily price of bitcoin has a clear on-chain signal. The open source program UTXOracle.py extracts this price using 100% on-chain data (no exchanges or third parties).

The program found yesterday's on-chain bitcoin price to be $27,367. Anyone can run UTXOracle.py on their Bitcoin Core full node and they will get the same price. They will also get the same price history going back to July 26th, 2020:

[1714495455]

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[1714495455]

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[1714495455]

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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

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[ChartBuddy]

Explanation
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[philipma1957]

four bagger but no five bagger buddy.

[ChartBuddy]

Explanation
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[SamReomo]

btw, has China allowed Bitcoin to be able to ban it again?

I think yes they have banned it once again this September. I'm pretty sure that such ban was imposed only to promote the CBDC that they're going to release. We don't really care much about China's bans on Bitcoin and crypto-currencies these days because it is a common thing for them.

[ChartBuddy]

Explanation
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[Fauderz]

btw, has China allowed Bitcoin to be able to ban it again?

The possibility of such a thing happening again because it is said in some news reports that Hong Kong opened a crypto exchange license ahead of retail trading and it has been supported by China even though we know they are one of the most vocal countries against crypto especially for bitcoin.

On the other hand there seems to be another intention because we know from several cases that occur when China moves in regulation then they always do the same cycle when the legalization then what happens afterwards is to ban again.

but btw even though China has banned crypto, they are still one of the countries with the largest cryptocurrency market in East Asia in 2022 even though there is a ban there.

https://www.scmp.com/tech/policy/article/3196781/chinas-cryptocurrency-market-still-among-worlds-strongest-despite-beijings-crackdown-trading-mining

[ChartBuddy]

Explanation
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[JayJuanGee]

Mt. Gox trustee extends repayment deadline to October 2024.

Mt. Gox Rehabilitation Trustee has once again extended the deadline for repayments to its creditors.
The bankrupt crypto exchange has changed the deadline of the Base Repayment, the Early Lump-Sum Repayment and Intermediate Repayment from October 31, 2023 to October 31, 2024.

However, the latest update on Mt. Gox website notes that the rehabilitation creditors who have provided the Trustee with the necessary information will receive repayments in sequence as early as the end of this year.

No Problema!!!!

I am both student and teacher, and I give myself a one-year extension to turn in my homework... and next year, I will do it again.

It does "seem" that they (referring MTGOX trustee.. don't kill me) are making progress, but geez, I thought that it was getting closed to being paid out in 2021.. so that would have been a bit more than 7 years, but now we are going on 10 years.. from the shut down of the site..  in February 2014.

If they pay out they can't keep using it to fud the price down.

Good point. However I could also imagine there being some legal battles going on in the background we don't know of.

btw, has China allowed Bitcoin to be able to ban it again?

I feel like I am being played.

Is that a rhetorical question?

btw, has China allowed Bitcoin to be able to ban it again?

I think yes they have banned it once again this September. I'm pretty sure that such ban was imposed only to promote the CBDC that they're going to release. We don't really care much about China's bans on Bitcoin and crypto-currencies these days because it is a common thing for them.

Great!!

At least "someone":

a) knows what is happening in the world out there relevant to china and bitcoin

and/or

b) did not give Gachapin "the run-around"

 

btw, has China allowed Bitcoin to be able to ban it again?

The possibility of such a thing happening again because it is said in some news reports that Hong Kong opened a crypto exchange license ahead of retail trading and it has been supported by China even though we know they are one of the most vocal countries against crypto especially for bitcoin.

On the other hand there seems to be another intention because we know from several cases that occur when China moves in regulation then they always do the same cycle when the legalization then what happens afterwards is to ban again.

but btw even though China has banned crypto, they are still one of the countries with the largest cryptocurrency market in East Asia in 2022 even though there is a ban there.

https://www.scmp.com/tech/policy/article/3196781/chinas-cryptocurrency-market-still-among-worlds-strongest-despite-beijings-crackdown-trading-mining

Whoazza!!!!      

Now here is an even more substantial and seemingly serious answer that is actually "taking [Gachapin] seriously" #nohomo, I hope.


That's gotta be worth something? (please note, this here question is a rhetorical question.)

[ChartBuddy]

Explanation
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[dansus021]

btw, has China allowed Bitcoin to be able to ban it again?

I think yes they have banned it once again this September. I'm pretty sure that such ban was imposed only to promote the CBDC that they're going to release. We don't really care much about China's bans on Bitcoin and crypto-currencies these days because it is a common thing for them.

China be like



Remember GUYS Buy Low Sell high

[ChartBuddy]

Explanation
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[Copetech]

btw, has China allowed Bitcoin to be able to ban it again?

I think yes they have banned it once again this September. I'm pretty sure that such ban was imposed only to promote the CBDC that they're going to release. We don't really care much about China's bans on Bitcoin and crypto-currencies these days because it is a common thing for them.

China be like



Remember GUYS Buy Low Sell high

Whoa, Whoa, WO!!!

WHAT TF is this "Sell high" bullshit all about???
I'm just not understanding the concept you are conveying... You actually think there will be something worth trading for BTC when it's "high"? How "High" are you???
#askingforafriend

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[BobLawblaw]

[ B-B-B-Buddy BLOCKER ]