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

[Tzupy]

Bitcoin days destroyed spike, similar to the one in June:

[Newbie1022]

A day trader who mocks his colleagues who lost money at trading is like a fisherman who shoos away the fish that try to nibble at his bait.  He did not quite grasp the idea yet.

This guy has been rude and dismissive to me and a lot of the folks who were newer to BTC. He's also accused me of things at various times even when I was less of a snarky prick. He deserves it and I'm bored.

This. He's been kind of an arrogant prick. 

Yea. I've been pretty over the top and tangential of late, though. I'll really only go after anybody if I think they've gone after me or others. But, it's done now.

[ChartBuddy]

Explanation

[cbeast]

Old people are stealing the future of young people, but young people are too stupid to do anything about it. Until there is a political solution for the rights of freedom from debt, they have Bitcoin.

[macsga]

Bitcoin days destroyed spike, similar to the one in June:

This might be something significant. I hope it's not. 

[Newbie1022]

Bitcoin days destroyed spike, similar to the one in June:

This might be something significant. I hope it's not.  

Dude, Tzupy, thanks for the great info... good catch. I'll do a volatility play off of this and just set a bunch of low bids and see if I don't get lucky.

What's the interpretation on this? That long-time holders spent more Coin than we figured during the Black Friday sales? If that's the interpretation, I'd take it to be short-term bearish, but some of the guys thought Coinbase and BitPay probably wouldn't dump or dump much at this level so maybe it's not bearish. Thoughts, ideas?

[BlindMayorBitcorn]

A day trader who mocks his colleagues who lost money at trading is like a fisherman who shoos away the fish that try to nibble at his bait.  He did not quite grasp the idea yet.

This guy has been rude and dismissive to me and a lot of the folks who were newer to BTC. He's also accused me of things at various times even when I was less of a snarky prick. He deserves it and I'm bored.

This. He's been kind of an arrogant prick. 

Yea. I've been pretty over the top and tangential of late, though. I'll really only go after anybody if I think they've gone after me or others. But, it's done now.

Very true. This is supposed to be gentlemen.

[JayJuanGee]

A day trader who mocks his colleagues who lost money at trading is like a fisherman who shoos away the fish that try to nibble at his bait.  He did not quite grasp the idea yet.

This guy has been rude and dismissive to me and a lot of the folks who were newer to BTC. He's also accused me of things at various times even when I was less of a snarky prick. He deserves it and I'm bored.

This. He's been kind of an arrogant prick. 

Yeah..

"arrogant prick" = anyone who insists and denigrates trolls for NOT explaining the troll's bullshit conclusions and assertions.   

"arrogant prick" = anyone who attempts to get trolls to clarify the troll's bullshit conclusions and assertions.   


"arrogant prick" = anyone who upsets a troll in spite of the troll's bullshit conclusions and assertions.   

Yes.. seems that I meet those definitions.

[JayJuanGee]

A day trader who mocks his colleagues who lost money at trading is like a fisherman who shoos away the fish that try to nibble at his bait.  He did not quite grasp the idea yet.

This guy has been rude and dismissive to me and a lot of the folks who were newer to BTC. He's also accused me of things at various times even when I was less of a snarky prick. He deserves it and I'm bored.

This. He's been kind of an arrogant prick. 

Yea. I've been pretty over the top and tangential of late, though. I'll really only go after anybody if I think they've gone after me or others. But, it's done now.

Yeah.. .we have made up for the moment.. we are all hugs and kisses... 

[Newbie1022]

A day trader who mocks his colleagues who lost money at trading is like a fisherman who shoos away the fish that try to nibble at his bait.  He did not quite grasp the idea yet.

This guy has been rude and dismissive to me and a lot of the folks who were newer to BTC. He's also accused me of things at various times even when I was less of a snarky prick. He deserves it and I'm bored.

This. He's been kind of an arrogant prick. 

Yeah..

"arrogant prick" = anyone who insists and denigrates trolls for NOT explaining the troll's bullshit conclusions and assertions.   

"arrogant prick" = anyone who attempts to get trolls to clarify the troll's bullshit conclusions and assertions.   


"arrogant prick" = anyone who upsets a troll in spite of the troll's bullshit conclusions and assertions.   

Yes.. seems that I meet those definitions.

You do go after other people, too... you are a little quick to judge and assume the worst. This doesn't need to be an ongoing thing, but you're not always the most welcoming lad in this joint.

[JayJuanGee]

A day trader who mocks his colleagues who lost money at trading is like a fisherman who shoos away the fish that try to nibble at his bait.  He did not quite grasp the idea yet.

This guy has been rude and dismissive to me and a lot of the folks who were newer to BTC. He's also accused me of things at various times even when I was less of a snarky prick. He deserves it and I'm bored.

This. He's been kind of an arrogant prick. 

Yeah..

"arrogant prick" = anyone who insists and denigrates trolls for NOT explaining the troll's bullshit conclusions and assertions.   

"arrogant prick" = anyone who attempts to get trolls to clarify the troll's bullshit conclusions and assertions.   


"arrogant prick" = anyone who upsets a troll in spite of the troll's bullshit conclusions and assertions.   

Yes.. seems that I meet those definitions.

You do go after other people, too... you are a little quick to judge and assume the worst. This doesn't need to be an ongoing thing, but you're not always the most welcoming lad in this joint.

My own level of welcoming depends on the contents of the post(s) to which I am responding and potentially my own mood.  If someone backs up what s/he / it is saying, then I am generally accepting of that kind of information, even if I don't agree. 

On the other hand, if what seems to be FUD is being spread for what seems to be book talking reasons, then sometimes I will question the intentions of the poster and even question how the poster arrived at such post contents and even point out what appears to be biases in the post contents and seeming intentions. 

And, yes there may be some selective enforcement and even selective targeting based on some randomness.  I would imagine that there are NOT too many of us in here who can keep up with all of the various postings within this thread (whether informative or NOT).

[Newbie1022]

Yeah..

"arrogant prick" = anyone who insists and denigrates trolls for NOT explaining the troll's bullshit conclusions and assertions.  

"arrogant prick" = anyone who attempts to get trolls to clarify the troll's bullshit conclusions and assertions.  


"arrogant prick" = anyone who upsets a troll in spite of the troll's bullshit conclusions and assertions.  

Yes.. seems that I meet those definitions.
[/quote]

You do go after other people, too... you are a little quick to judge and assume the worst. This doesn't need to be an ongoing thing, but you're not always the most welcoming lad in this joint.


[/quote]

My own level of welcoming depends on the contents of the post(s) to which I am responding and potentially my own mood.  If someone backs up what s/he / it is saying, then I am generally accepting of that kind of information, even if I don't agree.  

On the other hand, if what seems to be FUD is being spread for what seems to be book talking reasons, then sometimes I will question the intentions of the poster and even question how the poster arrived at such post contents and even point out what appears to be biases in the post contents and seeming intentions.  

And, yes there may be some selective enforcement and even selective targeting based on some randomness.  I would imagine that there are NOT too many of us in here who can keep up with all of the various postings within this thread (whether informative or NOT).
[/quote]

Dude, you're doing it again. It's over. Sometimes I think that you think your shadow is FUD. FUD isn't everything you disagree with. For instance, if I posted the same thing Tzupy posted, and you might even say it to Tzupy, about the days destroyed peak you might call it FUD. But, I want to know things like that. It helps people avoid getting blindsided. Even rumors that are at least not completely baseless... I want to know those, too... it helps people avoid getting blindsided.

So, if it is a total troll job or like the one guy posting about how the Winklevoss ETF failed when there has simply been no news on it -- go full speed ahead at them. If it's bordering on reasonable, give a counter point.

[JayJuanGee]

A day trader who mocks his colleagues who lost money at trading is like a fisherman who shoos away the fish that try to nibble at his bait.  He did not quite grasp the idea yet.

This guy has been rude and dismissive to me and a lot of the folks who were newer to BTC. He's also accused me of things at various times even when I was less of a snarky prick. He deserves it and I'm bored.

This. He's been kind of an arrogant prick.  

Yeah..

"arrogant prick" = anyone who insists and denigrates trolls for NOT explaining the troll's bullshit conclusions and assertions.  

"arrogant prick" = anyone who attempts to get trolls to clarify the troll's bullshit conclusions and assertions.  


"arrogant prick" = anyone who upsets a troll in spite of the troll's bullshit conclusions and assertions.  

Yes.. seems that I meet those definitions.

You do go after other people, too... you are a little quick to judge and assume the worst. This doesn't need to be an ongoing thing, but you're not always the most welcoming lad in this joint.

My own level of welcoming depends on the contents of the post(s) to which I am responding and potentially my own mood.  If someone backs up what s/he / it is saying, then I am generally accepting of that kind of information, even if I don't agree.  

On the other hand, if what seems to be FUD is being spread for what seems to be book talking reasons, then sometimes I will question the intentions of the poster and even question how the poster arrived at such post contents and even point out what appears to be biases in the post contents and seeming intentions.  

And, yes there may be some selective enforcement and even selective targeting based on some randomness.  I would imagine that there are NOT too many of us in here who can keep up with all of the various postings within this thread (whether informative or NOT).

Dude, you're doing it again. It's over. Sometimes I think that you think your shadow is FUD. FUD isn't everything you disagree with. For instance, if I posted the same thing Tzupy posted, and you might even say it to Tzupy, about the days destroyed peak you might call it FUD. But, I want to know things like that. It helps people avoid getting blindsided. Even rumors that are at least not completely baseless... I want to know those, too... it helps people avoid getting blindsided.

So, if it is a total troll job or like the one guy posting about how the Winklevoss ETF failed when there has simply been no news on it -- go full speed ahead at them. If it's bordering on reasonable, give a counter point.

Whatever, I post my response, whether correct or NOT.. I do the best under the circumstances in the event that I feel a need to attempt to intervene.

I have NO problem with Tzupy's days destroyed post; however, for example, if someone came in and attempted to dedicate way too much significance to that one fact, then I may call that FUD spreading, or if someone skewed the information  or if someone only tells part of the story while leaving out obvious relevant and material counter facts, then I may call that FUD spreading too.  Sometimes, I may be wrong about the posters intent to spread FUD, and from time to time, I have admitted my misunderstanding...

Yet part of the reason for posting in forums like this is to be able to, from time to time, interactively bounce ideas off of other posters.

[spooderman]

empowering killing it with the gifs today!

JJG re-enters my ignore list.

[nioc]

LOVE

[Newbie1022]

if someone came in and attempted to dedicate way too much significance to that one fact, then I may call that FUD spreading, or if someone skewed the information  or if someone only tells part of the story while leaving out obvious relevant and material counter facts, then I may call that FUD spreading too.  Sometimes, I may be wrong about the posters intent to spread FUD

Yea, cut that s--- out... it scares away the normals. Not everything is FUD. Sometimes people are curious or place inaccurate value on certain info. And, if they are overstating certain info, I want to know that, too -- it's not just the info that matters, but what people think the info means. Like, free market of ideas, man. The trolls are not in disguise.

[JayJuanGee]

empowering killing it with the gifs today!

JJG re-enters my ignore list.

good for you

[empowering]

Seriously somebody shoot me in the face

[JorgeStolfi]

Bitcoin days destroyed spike, similar to the one in June:

The spike shows practially unchanged (~43 million bitcoin-days)  in the chart filtered by "minimum age 1 month" but is totally invisible in the chart with "minimum age 1 year".  It means that the coins responsible for the spike were last moved between 30 and 365 days ago.  I would guess that it was a single owner, or maybe a few.  (If it was a collective event, such as Black Friday shopping, it should have moved many young coins too.)

The number of coins involved is therefore between 43 M / 365 = ~118 kBTC and 43 M / 30 = ~1.43 M BTC.

If the owner bought those coins within the past year, he must have paid 45 million to 1.7 billion dollars for them. But the coins may have been bought well before they were last moved, so their cost may have been much less.

That spike may be the ~144'000 coins seized from Ross Ulbricht's laptop.  They were probably moved to a single address by the FBI after his arrest, and are now being moved to an address under control of the USMS, and/or are being split into lots, in preparation for the auction.  If that is the explanation, the last time they were moved must have been 43 M / 144 K = ~300 days ago, by the end of jan/2014.  It should be easy to confirm or exclude this explanation by looking at the blockchain.

It could also be blockchain.info (or some other big holder) moving all their coins to new addresses, if they became concerned about the safety of the old keys.

[octaft]

A day trader who mocks his colleagues who lost money at trading is like a fisherman who shoos away the fish that try to nibble at his bait.  He did not quite grasp the idea yet.

This guy has been rude and dismissive to me and a lot of the folks who were newer to BTC. He's also accused me of things at various times even when I was less of a snarky prick. He deserves it and I'm bored.

This. He's been kind of an arrogant prick. 

Give the guy a break, those bags he's holding are really heavy.