All posts made by bri912678 in Bitcointalk.org's Wall Observer thread
1.
Post 10604544 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.01h):
there is a serious sale going on at CaVirtex right now. maybe the closing is causing some panic, or maybe people are worried about the ability to sell large quantities anymore afterwards so are taking the hit now ... but the sale is on. lucky if you got some cash on there and are a bull.
I did some arb the other day moving my $ funds to another exchange, and today the arb opportunity is twice as good. I guess alot of poeple are simply cashing out to fiat and withdrawing to their bank account because of the shutdown, i wonder how long these prices are going to last, is it worth wiring more money to virtex... hmm... probably!
Can you still wire money in? Do they take CAD deposits still?
i believe so, it doesn't say its disabled... ill have to try it out later.
How long does it take to wire money there? If it takes a week all the cheap bitcoins will have been sold by the time your money arrives.
2.
Post 10673693 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.02h):
It's ironic that it's cheaper to buy on stamp now nobody's using it anymore. There was a big time delay between the pump on finex and the one on stamp.
3.
Post 10673818 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.02h):
I thought Draper might have something to do with this pump, then I read on bloomberg that he didn't even participate.
Draper said he didn’t participate in the bidding.http://www.bloomberg.com/news/articles/2015-03-05/secondmarket-among-bidders-in-third-silk-road-bitcoin-auctionIt's strange he didn't bid considering he was a bidder in the last two auctions.
4.
Post 10673967 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.02h):
the reuters article said he participated in the auction but it was posted 4 hours before.
They amended it to say he didn't participate.
(This story corrects 5th paragraph to show that Draper did not participate in the auction)
Billionaire venture capitalist Tim Draper, winner of the past two auctions, has not submitted a bid. But he noted that the bitcoins on the auction block are "probably ... the best deal anyone will get," said Draper on Thursday in an email to Reuters.http://www.reuters.com/article/2015/03/05/us-bitcoin-auction-idUSKBN0M11WJ20150305
5.
Post 10674118 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.02h):
so Tim didnt dollar average his coins?
it is worse than I thought.
Hasn't sold his stash though - and did say it was 'the best deal anyone would get'
Is that
bad?
No, he said it was "
probably ... the best deal anyone will get,"
Billionaire venture capitalist Tim Draper, winner of the past two auctions, has not submitted a bid. But he noted that the bitcoins on the auction block are "probably ... the best deal anyone will get," said Draper on Thursday in an email to Reuters.http://www.reuters.com/article/2015/03/05/us-bitcoin-auction-idUSKBN0M11WJ20150305
6.
Post 10715971 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.03h):
China's buying power illustrates the triumph of Communism over Capitalism.
Are you sure it's buying power and not fake volume on OKcoin? Does nobody think it's strange that OKcoin has jumped from a low volume exchange to the highest USD volume exchange in the space of a day?
7.
Post 10772325 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.04h):
So, you are saying we are going down? I'm not even trying to figure out the charts, I'll just go by the username.
This post suggests Wandererfromthenorth thinks it's going to get worse before it gets better. Most of the chart guys are talking about it going down.
......
A lot of people think that capitulation bottom --> insant new bull market to new highs.
That's not necessarily the case.
Personally I don't think that was the capitulation bottom, but even if it was, that doesn't necessarily imply that new bubbles are coming...
8.
Post 10845367 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.06h):
okcoin with higher 24h volume than bitfinex
They don't have trading fees on OKcoin do they? I guess a lot of the trades there are easily faked, so I wouldn't trust whatever trading volume they claim to have.
9.
Post 10850407 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.06h):
Always in bad taste to linger too long & overstay one's welcome. Besides, your grandkids have already bought you a nice plot.
Oh the irony..
You missed the point. Of course a surgeon's scalpel is unwelcome to a boil, and penicillin is unwanted by the syphilis spirochete.
The doctor must weigh the feelings of boil/spirochete against the general wellbeing of his patient. It's a choice.
I think you missed the point NotLambChop.
In any case, believing technology which could benefit the privileged few will not be developed to preserve the well being of the many is silly. No individual will choose not to have life extension technology, instead they will actively pursue it.
Don't be a silly boil. Eternal life is as attractive as eternal reruns of
"Who's the Boss?"There was a film called Zardoz based on that concept. Set in the future, a computer kept everyone eternally alive. If you got sick of it and tried killing yourself the computer grew you a new body containing all your memories and you came back round in it. Ironically many eternals (including the system's creator) got sick of being alive and wanted to die, but they couldn't.
10.
Post 10872428 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.06h):
What are they expected to charge them with, receiving funds from sold bitcoins? I didn't know it was a crime to sell your bitcoins. Having your account closed is bad enough without being arrested too.
11.
Post 10872590 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.06h):
...
What are they expected to charge them with, receiving funds from sold bitcoins? I didn't know it was a crime to sell your bitcoins. Having your account closed is bad enough without being arrested too.
Unfair to a couple of outliers who use BTC for legitimate, government-approved transactions?
Like the US marshals auctioning their seized silk road coins? Will their bank call the cops to arrest them when they try to withdraw their money from the auction sales? It seems hypocritical if others get arrested for doing the same thing.
12.
Post 10875441 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.06h):
$250!!!!
Wooo Hoooo !!!!!!
LOL, the price drops $20 in the space of 24 hours, then bounces $5 and suddenly we're heading to the moon
Been a rough day, had to give it a shot.
We might end up over 250 in a few hours..give it a little time. Volume isn't to high atm either so
I kept thinking similar things all day, but each time I thought it might go up it went down another step. Is there any obvious reason for this dump? There was some news about Ukraine banning bitcoin, but it's still very hazy.
Edit
This post says Ukraine is not planning to ban
BTCCorrection, Ukraine has no plan to ban BTC. Its only concern is that terrorists may be using it.
13.
Post 11353930 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.14h):
Ill check them out
If you rely on the feedback of the Bitcoin community on reddit you can't use any Bitcoin service. Read the User Agreement and Terms of the services you're planning to use and if that's okay for you: sign up and verify your account.
All sites have clauses to shut down any account and seize anything for any reason. So that really is of no help.
I would rather speak to traders who have been using a platform for a good amount of time for references.
Anyone?
Is there a Coinbase thread in the service discussion section? I could not find one specifically set up by them for people to discuss their service and for them t respond to any problems raised. I found a few threads like this one though.
Stay away from Coinbase
14.
Post 11683469 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.18h):
I think that it was scheduled for 14:00 UTC, which is 15 minutes from now.
The thread says Monday June 22nd - 13:00 GMT in it's title, and it's already 14:52 GMT summer time. They stated they would stop the stress test after 24 hours at 13:00 GMT Tuesday June 23. However, nobody has reported anything definite in the thread yet.
Ultimate Bitcoin Stress Test - Monday June 22nd - 13:00 GMT...... we will stop pushing transactions after 24 hours at 13:00 GMT Tuesday June 23.
....
15.
Post 11683695 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.18h):
I think that it was scheduled for 14:00 UTC, which is 15 minutes from now.
The thread says Monday June 22nd - 13:00 GMT in it's title, and it's already 14:52 GMT summer time. They stated they would stop the stress test after 24 hours at 13:00 GMT Tuesday June 23. However, nobody has reported anything definite in the thread yet.
Ultimate Bitcoin Stress Test - Monday June 22nd - 13:00 GMT...... we will stop pushing transactions after 24 hours at 13:00 GMT Tuesday June 23.
....
The OP of the stress testing thread says it's now started and he posted a chart to show what's happening. I had doubts whether the stress test was a lie, but it seems like it might be legit after all.
testing has started.
16.
Post 11683823 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.18h):
What is the point of this stress test? They are just dossing it for fun?
It's to do with the block size argument that's been dragging on. They are hoping that by spamming the network they can demonstrate we need bigger blocks. The OP of the stress test thread explains their rationale.
......
Bitcoin is at a breaking point, yet the core developers are too wound up in petty arguments to create the required modifications for long term sustainability. If nothing is done, Bitcoin will never be anything more than a costly science project. By stress testing the system, we hope to make a clear case for the increased block size by demonstrating the simplicity of a large scale spam attack on the network.
......
17.
Post 11692231 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.18h):
Not sure if this is the right place ask, but what are those dumps all about? I'm starting to feel a bit uneasy...
I thought the stress test would provoke dumps yesterday and nothing happened. The dumps today might be a delayed reaction to the stress tests. They might have happened anyway, but their timing is quite a coincidence.
18.
Post 12284992 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.25h):
<snip>
There is a saying in poker. There is always one fish at the table that the experienced players will reel in and bleed dry when they come to their table. If you get to a table and don't know who the fish is...you're the fish.
Are you the one manipulating the other people putting their money into Bitcoin? If not, then you're the one being manipulated.
Thanks for pointing this out. The official newbie advice here (that I had forgotten) says to trust no one because everyone here is likely to have their own agenda. There have been times I noticed some users blatantly trying to manipulate newbies, but I still fall for it myself sometimes although I've been here for a long time.
From now on I'll try to bear in mind that if I don't know who the fish is...I'm the fish.
19.
Post 12729615 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.28h):
cryptsy going full ponzi.
It's been offering that for years on end.
so did bitcoin.
anyway, withdrawals are not working and now you have to pay a 0.5 % fee for every withdrawal. "another ponzi in bitcoin world busted" in 3, 2, 1...
Half the altcoins are only listed on cryptsy. If it closes they will be worth nothing unless they can get on another exchange. Some of the worst coins have no functional network and only really exist as entries in the cryptsy database. Those will never be able to get on another exchange. However I don't know if cryptsy closing would affect the bitcoin price.
20.
Post 12832554 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.30h):
And you think the corrupted people who rule the planet will use something like a decentralize blockchain? lol
Bitcoin will eat them...
Why not? A one world currency that is public and traceable? Isn't this what they've always wanted?
except for the "distributed & P2P" part, enabling high degree of security.. the blockchainz the banksters are promoting are nothing compared with bitcoin, in terms of security, decentralization, and TRUST.
and if the sheeple already dont care/get the advantages of bitcoin.. they are likely not going to like what papas rotshild & rockfeller has for them, once they start suppressing cash and enables bails in.
Bitcoin requires no ID and KYC documents to sign up for an account, and that's why I like it. A bank crypto coin account would probably require exactly the same documents you need to sign up for a regular bank account, and take as long. You can instantly create a new Bitcoin address and immediately use it, that will be what propels Bitcoin into the mainstream.
21.
Post 12836538 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.30h):
It seems the majority chose the rally will go above 340. Very strange because the majority is never right;)
This time is different™
Bid side hella thin too
There is a large spread between the bids and asks. We have been range bound between 320 to 330 for the last 12 hours. Now China awakes and might break us out of the range, or perhaps we'll stay stuck in it until tomorrow night. The resume of flat prices could give us all a chance to catch our breath, and catch up on our lost sleep.
22.
Post 12843523 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.30h):
And china +30$??
Surrealist
I think it is an error with the Bitcoinwisdom conversion rate.
Impossible such gap be maintained for so long
It's going down in China, but it's a slower motion dump than the fast dump straight down that we just experienced. Most of them are probably sleeping, but when they wake up to see the nightmare day we had they will probably start mass panic dumping too. Their night owls were the lucky ones who had the chance to dump before the rest wake.
23.
Post 12854411 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.30h):
flash dumps finex
There's been a dump on Bitstamp, OKcoin, and some other exchanges too. I thought China would pump when it woke up, but it's dumping. It could be just profit taking, or it could be headed back down. The possibility of that Ponzi scheme dumping is giving me the jitters at every dip.
24.
Post 12922551 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.32h):
Some serious walls on Bitstamp, Bitfinex and Kraken.
Clearly a cross USD exchange operation by the same entity?
Is this a whale making a statement that Bitcoin
will be supported at $380?
If the selling pressure on Stamp is not coming from the same hand as the buying pressure, and their existed a bear whale on Stamp, then the strong support at $380 across all the USD exchanges, is perhaps a bull whale underlining who has the strongest hands to the bear whale?
I noticed that 600 BTC was sold into 1300 Bid Wall on Stamp, but nothing has been touched on Kraken or Finex.
The 600 BTC was sold into that Bid Wall about a second after it was put up. It happened so fast I think both trades were made by the same whale. There's now so little trading activity on Bitstamp that he can do what he wants there. I agree he's probably the same whale manipulating the other major exchange prices too. Everyone's burned out after the rally, and the whale's the only one trading/manipulating today.
25.
Post 12922925 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.32h):
look at that hourly tiny red candle with 6k volume!
support is way stronger than I expected. was THE PLUNGE intercepted
starting to get nervous
Either market technicals moulding/manipulation from one whale, or a battle between Bear and Bull whales, which Bull whale took to both Kraken and Finex, as well as Bitstamp, where massive Bid walls were erected at $380.
Your bovine friend pooped himself and ran away. Nothing can save you now...
He has removed his Bid Wall from Finex. I expect he will also remove it from Kraken soon. 400 odd of the Stamp Wall remains.
P.S. U need to stop passionately fighting and believing in your own book. That can cost you a lot of money.
There goes the stamp wall, either the same whale that put it up dumped 400 coins into it, or a bear whale dumped. Whatever the cause it's gone now. I still think the same whale who put it up was the one responsible for dumping through it.
26.
Post 13103414 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.35h):
Were all the orders below placed by the same Bitstamp bot, and if they were then what's the point of them? They are too small to fake much volume. There are alternate tiny buys and sells all exactly the same size. Why would anyone design a bot that makes such a mess of the order books?
27.
Post 13195802 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.36h):
[...]
My impression is that Wright (may he or may he not be SN) wanted to be found.
clap clap good read butters
Snark aside, that line
is, in my opinion, our take-home message so far.
By itself, it doesn't exclude the possibility that Wright is Satoshi, but it
does add additional requirements on what counts as proof -- and what we've seen so far doesn't constitute that, imo.
Does he still have any github privileges? Maybe one of those fancy crypto-sig thingys?
If he takes the limelight and admits to being satoshi I'll want some confirmation in that direction.
If not, he either wants to be ignored or deserves to be ignored.
There's an alert function built into the Bitcoin core wallet for telling people about vital updates to the wallet. Alerts can only be made by signing them by a specific ECDSA key. Only a few people hold that key, and they include Satoshi Nakamoto, Gavin Andresen and theymos.
If Satoshi signed a message with that key, and both Gavin Andresen and theymos confirmed it wasn't them it would give confirmation of who he is.
https://en.bitcoin.it/wiki/Alert_systemAlert message
Alerts are broadcast using the same TCP relay system as block and tx messages. They are not encoded in a special transaction. Unlike block and tx relaying, alerts are sent at the start of every new connection for as long as the alert is in effect. This ensures that everyone receives the alert.
Alerts contain this information:
How long to relay the alert.
How long to consider the alert valid.
An alert ID number.
A list of alerts that should be canceled upon receipt of this alert.
Exactly which versions of Bitcoin are affected by the alert. Unaffected versions still relay the alert for the benefit of older versions.
Alert priority.
The alert text.
Only alerts that are signed by a specific ECDSA public key are considered valid. The known private key holders are Satoshi Nakamoto, Gavin Andresen and theymos. There are other people able to issue alerts in the event of the incapacitation of the aforementioned.
28.
Post 13533463 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.40h):
This drop is brought to you by the good folks at Bitcoin Classic.
Hopefully ya'll enjoy being hard forked into double digits prices
What is Bitcoin Classic?
So basically the fork we've been waiting on? Why is that a bad thing?
Because forks, especially controversial ones, can mean trouble.
75% of the last 1000 mined blocks to activate means the remaining 25% will switch sides very fast or be left trying to mine worthless coins at an extreme difficulty. This is how Bitcoin was designed to resolve disputes.
If it never hits 75%, nothing happens. Now you know.
(Agree that Marshall Long is a bit of a douche... but Antminer, BW, OKcoin, BTCC? etc etc are pretty serious endorsements)
agree. will be very interesting to see how many blocks they get.
is there any good website to follow those blocks?
This one, chartbuddy will most likely get updated to show those blocks if Bitcoin Classic starts getting anywhere. Chartbuddy already shows how full the blocks are, and showing the percentage of Bitcoin Classic blocks isn't much different.
29.
Post 14890425 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.50h):
wowzers very old coins on the move.
crash back to 420 imminent
Nope. You can't stop the unstoppable.
Every day thousands of people are opening their very first bitcoin wallet.
What if the old coins on the move offsets the thousands of people are opening their very first bitcoin wallet every day? Does that mean the price won't do anything?
30.
Post 14891374 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.50h):
wowzers very old coins on the move.
The old coins could also just be change from a smaller tx from an old wallet (ie just noise)... anyone looked at the tx ?
EDIT: Or
maybe it's Craig Wright lol
i had the same though.
i wouldn't be surprised if it was him, moving even a small amount of bitcoin from 2009-2010 probably makes the days destroyed chart spike like mad.
I checked the transactions with the most bitcoin days destroyed at the bottom of the page here
http://blockr.io/trivia/tx The highest recent one this year was caused by 20,844 old coins moved on 2016-01-07, but the latest one doesn't even show up in ten pages of results.
This is the one from 2016-01-07
http://blockr.io/tx/info/37d30c9e641ae25dc8bb729caba8c0f136fa743b6d48c5a2431eecedcd57b29aHas anyone tracked down the transaction(s) responsible for the latest spike?
31.
Post 14891998 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.50h):
i found a transaction that probably caused the bitcoin days destroyed spike. It was in block 412183.
Height Time Trans-ns Sum Days Destroyed
412183 2016-05-17 18:14:55 3113 124,993.47355705 BTC 46,925,708
https://bitinfocharts.com/bitcoin/block/412183/000000000000000001c9a2816ed2e303209e3982f6f5f584618307b7d9a94096According to bitinfocharts it's the #3 Richest Bitcoin Address moving coins.
https://bitinfocharts.com/bitcoin/address/3Kg7Cmooris7cLErTsijq6qR1FH3cTiK2GThe same address provoked a reddit thread when it previously moved coins a year ago. Nobody proved who owned it, but the last poster guesses it belongs to a big exchange. During the latest transaction it sent 67,272 BTC back to itself, and 1,527.77775556 BTC to each of 18 addresses. I only studied one, but it had so many small transactions passing through it that I assume it's an exchanges hot wallet.
This is the transaction.
https://bitinfocharts.com/bitcoin/tx/a13ee5aff1a82d3bcb928dfcf558b97dc41b085bd95c98f189ffa53f303bdc49This is a quote from the reddit thread about it moving coins a year ago.
https://www.reddit.com/r/Bitcoin/comments/2rrplt/big_coin_movement_just_now_cause_i_know_people/
32.
Post 15335538 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.54h):
It went up $55 in ten minutes. That's a fast unexpected pump. okcoin's leading this pump in China. The Chinese whales must have decided to start buying before they go to bed in case the west buys all the cheap coins while they sleep.
33.
Post 15338100 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.54h):
You can check the results as they come out here.
http://www.bbc.co.uk/news/politics/eu_referendum/resultsThere are no results in yet but they have started counting, and that page will give live updates. The first results are expected in another hour and a half. It should be another ten hours until we get an idea of the final result unless there is a landslide one way or the other.
A brexit could start chaos in the currency markets and make Bitcoin a safer option.
34.
Post 15338190 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.54h):
A brexit could start chaos in the currency markets and make Bitcoin a safer option.
I just heard Amanpour interview someone warning against a meltdown of the financial markets. "The Pound might even go 20% down!", he said. So yeah, bitcoin, that may go down 25% overnight without any reason whatsoever, is a safer option.
Yes but your Bitcoin bank can't go bankrupt like your fiat bank. People won't like having their money in the bank taken to bail it out if it goes bankrupt because of chaos in the currency markets.
35.
Post 15340904 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.54h):
What are the standings??
Leave 52% (12.1 million) Remain 48% (11.5 million). Not finished counting yet though.
You can see the proportions of votes as they are counted here. At the moment it's the opposite of the predictions the financial market traders were betting on, there is about 52% in favour of leaving.
http://www.bbc.co.uk/news/politics/eu_referendum/results
36.
Post 15341209 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.54h):
Leave's won, the bbc website shows its reached the threshold number of votes to win no matter how the remaining votes are cast. It's 52% leave 48% stay.
http://www.bbc.co.uk/news/politics/eu_referendum/results
Here's the bbc announcement page.
EU referendum: UK votes to leave in historic referendum
37.
Post 15341771 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.54h):
Looks like
BREXIT is almost upon us...this will be a world changing event...This could lead to the complete collapse of the EU...Scotland will break away from UK too.
HOLD YOUR COINS...BTC, ETH we gona fly like you have never seen before, this is the event most have been waiting for,lol
£££ is tanking, worse since 1985
BTC & ETH ATH INCOMINGIt was a foregone conclusion earlier, but the final votes have now been counted. It's 52% in favour of leaving. Bitcoin's back up to the $670s today and will probably be in the $800s soon as the implications of a brexit vote spread across the markets.
http://www.bbc.co.uk/news/politics/eu_referendum/results
38.
Post 15771007 (copy this link) (by bri912678) (scraped on 2020-04-04_Sat_14.56h):
before the drop about 1.7Million$ in longs covered.
~6hours later... CRASH! shorts went from ~18K to ~21.7K BTC during those 30min, now shorts continue to rise.
and then ~1million in new longs were taken after the drop.
not sure wtf shorters are expecting to accomplish...
The walls on finex look like there's little to stop a pump to $679. There's only about 2.5k Bitcoins for sale up to that price, then a wall. A whale going long might be waiting to pump the price back up.
