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

[Last of the V8s]

It’s an interesting chart.  But the wallet is now empty and the last move was 1 March.  So it seems any influence that wallet could have is now gone

Given the size I wonder if it is an exchange cold wallet and those coins have now all gone to strong hands.  

I am kind of with you Hairy, but March 1 is not that long ago, and all 60k coins put on one exchange, perhaps?  Would have to be a real liquid exchange to absorb that many coins with hardly a blip downwards in the BTC price.

We cannot completely rule out that those coins have not been traded yet, or only a fraction of them have been traded, so far.

It would be great if those coins had already got absorbed by the market, but what are the chances?  50% at best?

I followed the coins one hop.  They go to here:  https://bitinfocharts.com/bitcoin/address/bc1qyy30guv6m5ez7ntj0ayr08u23w3k5s8vg3elmxdzlh8a3xskupyqn2lp5w This wallet has had 330,000 BTC pass through it but its balance is always kept low.  The big 1000 BTC transactions get shattered into thousands of smaller transactions  in that wallet, with outgoing transactions every few blocks.  This definitely looks like hot wallet  behaviour.  

I am 90% confident that we are looking at the cold wallet of an exchange with a linked hot wallet one hop away.  So yes, the coins have been absorbed by the market.  

 

nice follow

is HitBTC
https://oxt.me/address/bc1qyy30guv6m5ez7ntj0ayr08u23w3k5s8vg3elmxdzlh8a3xskupyqn2lp5w

[Last of the V8s]

meanwhile Arthur is 'hodling' ~1.1% of all the money 'for' ~18000 'users' https://oxt.me/entity/bitmex

[HairyMaclairy]

So the geniuses at 4chan have been charting the HitBTC cold wallet?

That’s beautiful.  

Hypothesis:  major exchange cold wallets are running low on coins as the market bottoms and coins move to strong hands. Supply is being constrained.

Would be worth checking if Bitstamp / Bitfinex wallets are looking a bit thin.  

Edit:  note very slight recent dip in Bitmex wallet V8 post above.

[Last of the V8s]

4chan memes tho
https://oxt.me/entity/bitstamp
https://oxt.me/entity/tiid/788974968
wallets looking phat tho

https://oxt.me/directory
binance also 'has' money
polo has a grand lololol ded

[El duderino_]

https://cryptobenelux.com/2019/03/10/samsung-pay-integreert-cryptocurrencies-en-maakt-het-voor-10-miljoen-gebruikers-beschikbaar/

Samsung making it easy for 10mil user to use payment systems with crypto, (and not only ETH) .....

[El duderino_]

Cryptocurrency is not so much about monetary economics as it is about optionality, something that only the rich and powerful had exclusive access to and which was wielded to perpetuate the class structures that limit opportunity to a privileged few.

twitter.com/Mad_Science_Gu…

https://twitter.com/dexter_valkyrie/status/1104537567163310080?s=21

[Last of the V8s]

^He's in for a big surprise. It's a capital thing.

[El duderino_]

via Imgflip Meme Generator

Thats considered to be very expensive where we are going

[El duderino_]

The more you know, the more you realise that there are vast oceans of what you don't know. Never feel ashamed of saying "I don't know," or for changing your mind. Doubt is an honest signal of intelligence.

https://twitter.com/clairlemon/status/1104872155408347136?s=21

What i do know = finally Made the boat trip—->now 2h taxi ——> another boat trip

Hate those moments

But on the bright side still above 3.9k (Tiny above)

But come on break through this silly 4K at once Then the silly next ones !!

[jojo69]

In the USA it seems to be used mostly to describe pedophiles who prey specifically on young boys.

Aren't words fun? 

never heard that

to me it is a very mild, endearing version of silly

[Biodom]

In the USA it seems to be used mostly to describe pedophiles who prey specifically on young boys.

Aren't words fun?  

never heard that

to me it is a very mild, endearing version of silly

exactly.
Ask american for a rubber when you want to erase a pencil mark and you would get funny looks.
yet rubber=eraser in other places and it is fine.

In other news, here is a possible run to 100K by either 2020 or 2021:
https://www.tradingview.com/chart/BTCUSD/jC8GrS8d-BITCOIN-TIMING-THE-NEXT-BULL-RUN-TO-100-000-CryptoManiac101/

[bitserve]

Fourth consecutive week closed in the green... and I still have no fucking idea what the price is gonna do next. Bleh. If at least I had the balls to aggressively scalp around this range....

[El duderino_]

Fourth consecutive week closed in the green... and I still have no fucking idea what the price is gonna do next. Bleh. If at least I had the balls to aggressively scalp around this range....

Come on grow a pair

[bitserve]

Fourth consecutive week closed in the green... and I still have no fucking idea what the price is gonna do next. Bleh. If at least I had the balls to aggressively scalp around this range....

Come on grow a pair

but, but.. maybe next time it breaks out!

[Toxic2040]

Fourth consecutive week closed in the green... and I still have no fucking idea what the price is gonna do next. Bleh. If at least I had the balls to aggressively scalp around this range....

Come on grow a pair

but, but.. maybe next time it breaks out!

[DireWolfM14]

Fourth consecutive week closed in the green... and I still have no fucking idea what the price is gonna do next. Bleh. If at least I had the balls to aggressively scalp around this range....

Keep buying, keep hodling.  'Nuff said.

[El duderino_]

Fourth consecutive week closed in the green... and I still have no fucking idea what the price is gonna do next. Bleh. If at least I had the balls to aggressively scalp around this range....

Come on grow a pair

but, but.. maybe next time it breaks out!

So grow a pair and go ALL-IN

[bitserve]

Fourth consecutive week closed in the green... and I still have no fucking idea what the price is gonna do next. Bleh. If at least I had the balls to aggressively scalp around this range....

Come on grow a pair

but, but.. maybe next time it breaks out!

So grow a pair and go ALL-IN

But I am already like 98% in!

[El duderino_]

Fourth consecutive week closed in the green... and I still have no fucking idea what the price is gonna do next. Bleh. If at least I had the balls to aggressively scalp around this range....

Come on grow a pair

but, but.. maybe next time it breaks out!

So grow a pair and go ALL-IN

But I am already like 98% in!

Then i hold my face shut right now

[jojo69]

JJG goes surfing