Guys, why even bother keeping up with the minute to minute.
Here's a summary:
1. Whale pumps bitcoin on PayPal news, hoping to spark a mini-rally
2. Mini rally fails
3. Whale slowly sells off coins
4. Price grinds back down to where it was before rally
Gee, whouda thunk it huh?
Here's a summary:
1. Whale pumps bitcoin on PayPal news, hoping to spark a mini-rally
2. Mini rally fails
3. Whale slowly sells off coins
4. Price grinds back down to where it was before rally
Gee, whouda thunk it huh?

Occam's Razor at its finest

I think Occam's Razor applies to my theory of the price action since June 1st,
Hal Finney's coins are being sold.
PossiblyHe was the earliest adopter and probably had 500,000 coins.
In June, he started selling because he needed the money for medical bills and the cryo project.
So you know for a fact that he didn't have health insurance to cover the majority of his medical bills? Very unlikely.In June, he started selling because he needed the money for medical bills and the cryo project.
His family is still selling. Soon they will be done selling and up we will go.
Possibly, but health insurance should cover the bulk of his base medical bills. But probably not the cryo stuff. Then again, he would have to pre-pay for most of cryo setup, not after.Also, his wife would be an absolute FOOL to sell all of their btc!! She could live off of that slowly for the rest of her life, and still end up a gazillionaire at the end of it.
BTW the days destroyed won't show it because he moved his coins around a lot.
Hmmm... maybe. But his wife would likely have a hard time keeping track of all those wallets. Don't assume that she was tech literate. He most likely consolidated the majority of btc for her to deal with.