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

[El duderino_]

It's started...

https://www.prnewswire.com/news-releases/semler-scientific-announces-bitcoin-treasury-strategy-302156715.html

Companies following Saylors playbook

Time for someone to
step up… to make you a de-
served Legendary

Only few merits left brother

*Done deal I noticed

[El duderino_]

Also

Opposite direction

Please saaanxxx

[OutOfMemory]

Unpopular opinion: Bitcoin is the most appreciated crypto, because simplicity silences anything noisy over the long term.

I disagree, in particular with the implementation of Ordinals. Bitcoin has scaling problems, which layer-2 protocols like Lightning try to solve, but Ordinals are working against these solutions, because they are clogging the main-chain blocks.

EDIT: I felt the need to add that i only criticized the simplicity aspect of your (unpopular) opinion. Bitcoin is working and survived hundreds of deaths, the only logical conclusion is that it's the most trusted, and thus most appreciated crypto.

I think what ultimately makes Bitcoin more valuable than others is that it is widely considered to be the most fairly distributed cryptocurrency and that is something that will likely make it unique forever. Obviously there is better tech out there.

Which "better"?
There is no "better" without context (usecase).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Mtgox coins on the move

https://x.com/mtgoxbalancebot/status/1795269306311229908?s=46&t=Ojl_TNdTuAX4h1k7O9ygzw

What are they doing, mixing them?

I got bored tracking the splits and sends.

surely they are preparing to buy some crack from the darknet

I'm wondering if they are running off a playlist to break any links from tainted wallet addresses before distributing them.

I have no clue what the algo is for links through kyc that break a taint chain.


*it would be a amusing black eye if the coins they distribute start getting frozen on kyc exchanges. Lol

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Greyhats]

Mtgox coins on the move

https://x.com/mtgoxbalancebot/status/1795269306311229908?s=46&t=Ojl_TNdTuAX4h1k7O9ygzw

What are they doing, mixing them?

I got bored tracking the splits and sends.

surely they are preparing to buy some crack from the darknet

I'm wondering if they are running off a playlist to break any links from tainted wallet addresses before distributing them.

I have no clue what the algo is for links through kyc that break a taint chain.


*it would a black eye is the coins they distribute start popping on kyc exchanges. Lol

I did think it was a bit odd when they transferred them the 2nd time, ending in 3 wallets with all the same amount. Definitely following some kind of playbook they did all the small tests before the big transfers too. Not too shabby tho on transactions fees moving $3B for $~10 a go

https://www.blockchain.com/explorer/addresses/BTC/1AsHPP7WcGnDLzxW2bUa2FcbJP3eZVEqpx
https://www.blockchain.com/explorer/addresses/BTC/16eAGJEjqsUqngMfcysQECvp7TMU37P9gX
https://www.blockchain.com/explorer/addresses/BTC/1HeHLv7ZRFxWUVjuWkWT2D5XFbXXvHoV68

[OgNasty]

The countdown for when mtgox coins start hitting the market has begun. Me personally, I’ll probably sell off 1/3 of what I get and invest it into the stock market to get some extra dividends coming in and use the rest to pay for my Cybertruck. I had considered that BTC gone a long time ago, so getting it back now with such high prices is pretty cool. I suspect others will be dumping as well, but this is the last speed bump on the road to $100K.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

The countdown for when mtgox coins start hitting the market has begun. Me personally, I’ll probably sell off 1/3 of what I get and invest it into the stock market to get some extra dividends coming in and use the rest to pay for my Cybertruck. I had considered that BTC gone a long time ago, so getting it back now with such high prices is pretty cool. I suspect others will be dumping as well, but this is the last speed bump on the road to $100K.

Bro why would a sane person sell
Middle of the bull

[AlcoHoDL]

https://au.news.yahoo.com/computer-scientist-lied-extensively-bitcoin-134449787.html
According to this article published by Yahoo News, Dr. Wright intends to appeal the court ruling.

Maybe I am being a bit overly picky about the use of "Dr" or any need to agree to describing such status, even if some of the articles and even the judge had chosen to use such a title when describing CSW in ruling against him.  Sometimes courts will go out of their way to make sure that they do not appear bias, which might partly explain the court's use of the Dr title for CSW.

I wonder what the legal cassation arguments will be to invalidate the ruling after all the detailed evidence presented by the court. I also do not think that the defense team or the court overlooked or forgot any of the details. I do not understand why some people insist on clinging to allegations that have been proven false beyond a reasonable doubt.

Beyond a reasonable doubt is a criminal standard, and so far, these have not been criminal proceedings, so the standard is not as high.. The standard in this Craig Wright (CSW) would be clear and convincing or preponderance of the evidence or some variation that is not quite as high as the criminal standard.
 

At the same time, I noticed that the price of BSV decreased after this ruling was issued, but the decrease was very small and almost insignificant. I was waiting for the entire concept to collapse because this court ruling has proven the invalidity of the entire narrative on the basis of which this project was launched.

There are not very many folks buying that BSV crap anyhow, so I would imagine that it is is somewhat propped up.. but yeah, even those propping it up might not like the amount of bleeding that they might have to sustain to keep the price from dropping even more.

Craig Wright is no Doctor. Neither medical, nor the real one (of Philosophy). Rather, he urgently needs a medical doctor (of the psychiatric variety).

I hope he disappears into nothingness and stops abusing the legal system against Bitcoin.

If he's still around when Ross Ulbricht gets pardoned, we can all order a hitman from Silk Road 3.0 to take care of him once and for all.

[LFC_Bitcoin]

Under $70,000 once agan.

Yawn!

Can’t wait until the next leg up, when we finally leave this range behind.

[d_eddie]

If he's still around when Ross Ulbricht gets pardoned, we can all order a hitman from Silk Road 3.0 to take care of him once and for all.

When I was a bitcoin newbie, reading this paper on Assassination Markets (or Assassination Politics) made me see things I hadn't fathomed.

http://jrbooksonline.com/PDF_Books/AP.pdf

Archived here for posterity
https://web.archive.org/web/20110127224301/https://jrbooksonline.com/PDF_Books/AP.pdf

[OgNasty]

The countdown for when mtgox coins start hitting the market has begun. Me personally, I’ll probably sell off 1/3 of what I get and invest it into the stock market to get some extra dividends coming in and use the rest to pay for my Cybertruck. I had considered that BTC gone a long time ago, so getting it back now with such high prices is pretty cool. I suspect others will be dumping as well, but this is the last speed bump on the road to $100K.

Bro why would a sane person sell
Middle of the bull

I pretty much already gave a reason in that I had long considered these coins lost.  Why would I sell BTC that I had considered lost to pay for a Cybertruck instead of using investment money?  Well, that's a bit of a personal finance issue but the short end of it is that I'm uncomfortably long BTC right now.  It makes up a majority of my net worth and while I'm extremely bullish and believe we'll see a $200K BTC price in the next 18 months, life doesn't go on forever.  At some point you've got to spend some money and have some fun with toys.  If I didn't own >10x as much BTC as I do stocks, I would consider holding and spending my USD, but as stated, this recent bull run has made me slightly uncomfortable with the diversity of my investment portfolio.  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Paashaas]

The countdown for when mtgox coins start hitting the market has begun. Me personally, I’ll probably sell off 1/3 of what I get and invest it into the stock market to get some extra dividends coming in and use the rest to pay for my Cybertruck. I had considered that BTC gone a long time ago, so getting it back now with such high prices is pretty cool. I suspect others will be dumping as well, but this is the last speed bump on the road to $100K.

Bro why would a sane person sell
Middle of the bull

I pretty much already gave a reason in that I had long considered these coins lost.  Why would I sell BTC that I had considered lost to pay for a Cybertruck instead of using investment money?  Well, that's a bit of a personal finance issue but the short end of it is that I'm uncomfortably long BTC right now.  It makes up a majority of my net worth and while I'm extremely bullish and believe we'll see a $200K BTC price in the next 18 months, life doesn't go on forever.  At some point you've got to spend some money and have some fun with toys.  If I didn't own >10x as much BTC as I do stocks, I would consider holding and spending my USD, but as stated, this recent bull run has made me slightly uncomfortable with the diversity of my investment portfolio.  

Fck those stocks man...give youself just 1 year extra.

[Gachapin]

Mtgox coins on the move

https://x.com/mtgoxbalancebot/status/1795269306311229908?s=46&t=Ojl_TNdTuAX4h1k7O9ygzw

What are they doing, mixing them?

I got bored tracking the splits and sends.

surely they are preparing to buy some crack from the darknet

I'm wondering if they are running off a playlist to break any links from tainted wallet addresses before distributing them.

I have no clue what the algo is for links through kyc that break a taint chain.


*it would a black eye if the coins they distribute start popping on kyc exchanges. Lol

yeah that's interesting. But these coins are old too. Maybe they lose their "taint" after a while, depending on the regulation. At least they def. can be tracked back to the trustee, so maybe that's enough

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Just Say]

Hotel Atlantis is the first hotel in Hungary to accept Bitcoin. The hotel announced that it will accept Bitcoin as payment on May 25, 2024 and is the first hotel in Hungary to use the Lightning Network for Bitcoin transactions.

The first hotel to accept Bitcoin in 🇭🇺 Hungary.

BitcoinNewsCom

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com