Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7480.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Quote from: machasm on May 21, 2020, 08:17:39 AM

Quote from: bitebits on May 21, 2020, 07:47:14 AM

https://medium.com/@jimmysong/why-satoshi-probably-didnt-move-some-coins-from-2009-ad967d40582a

Thanks for that.
If this dip was due to the news of this early block movement it highlights just how jittery some of these traders are.
I mean even if this does happen to be Satoshi's coins (which is looking increasingly unlikey) surely he would be entitled to move,spend them.
What is everyone worried about? That he is going to dump the whole lot on to the market in one go?
Why would he do that? It would surely set Bitcoin back a long way if not totally destroy it.
Doesn't seem like a logical thing to do to me.
How is anyone with access to these early coins (Satoshi's or not) meant to use them?
At what point do people feel a certain block is ok but another isnt?
I know Bitcoin is only a mere 11 years old but sometimes this grind can seem a long time.
Still, I am patient and still HODLing strong.

Is everyone sure that's the reason. We ben having occasional dumps around this price. We didn't leave the range.

It may be unrelated and you are all forcing a link

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: bitebits on May 21, 2020, 07:47:14 AM

https://medium.com/@jimmysong/why-satoshi-probably-didnt-move-some-coins-from-2009-ad967d40582a

https://twitter.com/midmagic/status/1263227677005066240?s=20

Quote

This is incorrect. There are multiple reasons why a running node would restart extraNonce or increment it, and a number of other details that Sergio got wrong. It's really important not to aggrandize Sergio's work, Jimmy, not the least of which is respect for Satoshi's choices.

noormcs5

hero member

Activity: 2856

Merit: 618

Leading Crypto Sports Betting & Casino Platform

Quote from: JayJuanGee on May 20, 2020, 01:59:02 PM

Quote from: BlackHatCoiner on May 20, 2020, 12:37:24 PM

Am I the only one who believes that it will fell below 8000$?

No. There are likely a few other losers, no coiners, fence sitters, bitcoin naysayers, sold too much too sooners, and/or alt coin pumpeners who are in the same camp of wishfulness as you.

_javi_

hero member

Activity: 968

Merit: 624

Still a manic miner

Quote from: Jeremy Franklin on May 21, 2020, 06:58:37 AM

Welcome to the new ATH. It's all just a matter of the perspective.

https://twitter.com/exodus_io/status/1263167145036386304

So sad it hurts.
Its no fun living in Argentine now. Central banks goes brrrr..

Our biggest denominated bill (1000 pesos) equals 8 USD
They are planning to print a new (ugly and worthless) one.. 5000 pesos.. brrrrr

We are going full throtle in reverse.

machasm

hero member

Activity: 786

Merit: 857

Quote from: bitebits on May 21, 2020, 07:47:14 AM

https://medium.com/@jimmysong/why-satoshi-probably-didnt-move-some-coins-from-2009-ad967d40582a

Thanks for that.
If this dip was due to the news of this early block movement it highlights just how jittery some of these traders are.
I mean even if this does happen to be Satoshi's coins (which is looking increasingly unlikey) surely he would be entitled to move,spend them.
What is everyone worried about? That he is going to dump the whole lot on to the market in one go?
Why would he do that? It would surely set Bitcoin back a long way if not totally destroy it.
Doesn't seem like a logical thing to do to me.
How is anyone with access to these early coins (Satoshi's or not) meant to use them?
At what point do people feel a certain block is ok but another isnt?
I know Bitcoin is only a mere 11 years old but sometimes this grind can seem a long time.
Still, I am patient and still HODLing strong.

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

https://medium.com/@jimmysong/why-satoshi-probably-didnt-move-some-coins-from-2009-ad967d40582a

Jeremy Franklin

member

Activity: 185

Merit: 34

Welcome to the new ATH. It's all just a matter of the perspective.

https://twitter.com/exodus_io/status/1263167145036386304

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: soxxx on May 21, 2020, 12:35:13 AM

Quote from: DaRude on May 21, 2020, 12:31:24 AM

Quote from: soxxx on May 21, 2020, 12:19:04 AM

Satoshis Bitcoin have no chance of being moved until Hal Finney cryogenic preserved body is revived in 100+ years from now. If Hal was Satoshi, they will do everything in their power to bring him back to life when Bitcoin is the global reserve currency.

That would be awesome. It's year 2100, countries around the world were competing for the last 50yrs to be the first one to revive Hal. One finally succeeds.
[...]

In reality, if Bitcoin does take over, Hal Finneys body will be worth more than ANYTHING....just on the mere speculation that he remembers or knows the method of retrieving the private keys.

those early coins will be grabbed when quantum computers of sufficient capacity arrive. 10+ years maybe. so Hal is not needed for the coins. but for his possible knowledge of the true satoshi.. welcome back Hal (i hope).

edit: no i dont want to know who satoshi is. but thats up to Hal. and if thats the reason to thaw him out so be it. i just want him back. he got a raw deal.

Peanutswar

legendary

Activity: 1750

Merit: 1329

Top Crypto Casino

Quote from: BitcoinGirl.Club on May 21, 2020, 04:31:51 AM

Observing @ $10k 😛

The price of the btc goes dump and while waiting for a good investment. But all I want soon is the hat the same with you.

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Quote from: Last of the V8s on May 21, 2020, 04:19:59 AM

Observing @ $10k 😛

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Quote from: El duderino_ on May 21, 2020, 02:29:18 AM

Sooooooo today an attempt to take 10K... ?

BTC Is been a bit fooling around with us HODLers

Doesn't matter much. It's always the same.

Observing @ $9,396
Good morning WO!

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: P_Shep on May 21, 2020, 04:00:12 AM

Quote from: heslo on May 21, 2020, 03:27:36 AM

Quote from: Last of the V8s on May 21, 2020, 02:56:09 AM

Quote from: https://twitter.com/QueenOfTheNodes/status/1263208117250203652

And just like that I will be converting all of my BSV into literally anything else
Face vomiting

(Calvin Ayre and a minor girl)

What a piece of shit; just actively flaunting it too

No, sir

You are being, as always with you, too generous.

He's a wrong 'un and there's no point seeing any good in him.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

There are tens of thousands of those 'dormant' 50 coin addresses.
Sadly the old miners probably formatted their hard drives after playing with bitcoind for a bit, so not all of them will ever move.
It was just points in a shareware proggy, and there had been no price discovery yet.
Yeah so let's be grateful there's any of those pioneers left with the foresight and fortitude needed to hodl for 11 years plus.
And let's not dump like pathetic dweebs when some twitter account wrongly reports such movements as satoshi's coins.
Anyway he probably just wanted to get himself a new gpu and a couple pizzas. Nothing wrong with that. (apud @btcFUD)

P_Shep

legendary

Activity: 1795

Merit: 1208

This is not OK.

Quote from: heslo on May 21, 2020, 03:27:36 AM

Quote from: Last of the V8s on May 21, 2020, 02:56:09 AM

Quote from: https://twitter.com/QueenOfTheNodes/status/1263208117250203652

And just like that I will be converting all of my BSV into literally anything else
Face vomiting

(Calvin Ayre and a minor girl)

What a piece of shit; just actively flaunting it too

heslo

legendary

Activity: 1235

Merit: 1202

Quote from: Last of the V8s on May 21, 2020, 02:56:09 AM

Quote from: https://twitter.com/QueenOfTheNodes/status/1263208117250203652

And just like that I will be converting all of my BSV into literally anything else
Face vomiting

(Calvin Ayre and a minor girl)

What a piece of shit; just actively flaunting it too

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: https://twitter.com/QueenOfTheNodes/status/1263208117250203652

And just like that I will be converting all of my BSV into literally anything else
Face vomiting

(Calvin Ayre and a minor girl)

leea-1334

hero member

Activity: 2352

Merit: 953

Temporary forum vacation

Quote from: bitebits on May 20, 2020, 10:49:39 PM

It just shows how small Bitcoin (still) is. You feel every wave on a life raft, not on an oil tanker. There are many and bigger waves to come (MtGox coins, government involvement, the occasional sprinkle of China FUD, etc).
Slowly however Bitcoin grows and the impact of external events diminishes, which is already noticeable today compared to two halvings ago.

I agree slightly with Toxic that the move was humbling,,, but I still do not think we can say it was fully responsible for causing the dump (or if it is,,, then it should recover very quickly). We all see the effects of 100s of millions of dollars moving in bitcoin, but they do not last long.

Like you said though, we all see Bitcoin as a 10k coin but in reality it is still very small when compared to everything else. And that is good news for us BTC holders. Keep using!

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

Sooooooo today an attempt to take 10K... ?

BTC Is been a bit fooling around with us HODLers

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: bitebits on May 20, 2020, 10:49:39 PM

Quote from: Toxic2040 on May 20, 2020, 10:04:52 PM

Sad and humbling at the same time. Bitcoin has weathered a global pandemic with remarkable strength...yet look at the reaction this is garnering from moving just 50 coin.

One has to wonder at the timing of the move..sure seems to have cooled off the market in a quick hurry.

It just shows how small Bitcoin (still) is. You feel every wave on a life raft, not on an oil tanker. There are many and bigger waves to come (MtGox coins, government involvement, the occasional sprinkle of China FUD, etc).
Slowly however Bitcoin grows and the impact of external events diminishes, which is already noticeable today compared to two halvings ago.

Edit: https://twitter.com/coinmetrics/status/1263150657848172551

Haha, so nice to see latency of that alert, so whales had a lot of time

Roll Eyes

serveria.com

legendary

Activity: 2422

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Privacy Servers. Since 2009.

Quote from: VB1001 on May 21, 2020, 01:27:39 AM

Quote from: infofront on May 20, 2020, 12:52:40 PM

Quote from: Last of the V8s on May 20, 2020, 12:38:01 PM

Quote from: ?? on ??

Quote from: VB1001 on May 20, 2020, 12:08:54 PM

Very grateful for your comments, suggestions and some PM received!

Now I must stick to the new plan, buy small quantities regularly.
The previous one was executed as planned, if the accumulated total of fiat fell for any reason, the investments or bitcoin would be sold before stressing the family economy.

The really important thing is that I can still eat and drink, all is not lost.

(Now I am a bull without horns and without BTC)

Better for me if we close this conversation here, I'm sure the situation will improve.

Thx

You could post a BTC address here. You may get some donations, or compensation for the work you've put into the thread. There are probably some generous, BTC rich people around here.

Or you'll get mercilessly roasted for being a nocoiner beggar.

*shrug*

He does have an address in his profile 1PCm7LqVkhj4xRpKNyyEeekwhc1mzK52cT

Is that right?

Oh yeah. I forgot that space exists. Kind of like my wife's...nevermind.

1PCm7LqVkhj4xRpKNyyEeekwhc1mzK52cT

It is correct, it is the address that I have in the profile.
Hard to explain the feeling I have had, I don't know how to describe it, this morning I saw an incoming transaction of 0.01001000BTC, thanks, very impressed,
I have no words.

Congrats VB you're a coiner again! Welcome back! Cool

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