If anyone here is keeping an eye on the mempool like I am you would have noticed a huge increase in transactions today. For the last few weeks we have pretty much been running empty blocks. Number of tranasactions in the pipeline has been sitting below 2000 for a good portion of the time and often into the hundreds at certain stages.

Well, today the number of transaction rocketed up to over 40,000 (currently above 20k). This could mean 2 things, someone has spammed the network in a massive way after the El Salvador announcemnet to make it look like demand for Bitcoin has returned. Or demand has actually returned. Considering the bounce in the price it may very well be the second option. To see if we get any follow through on this recent event we should see continued high transaction numbers. Keeping an eye on new short-term holder addresses is also a good way to confirm the demand, an increase in these addresses would mean an increase in demand for BTC again.

Fingers crossed this all keeps up, because if it does a bottom has been put in place.

Shouldn't be a triangle though but rather a down channel.

lets see if this channel holds

Yes this day is a cause for celebration and others will follow. Also note this is Bitcoin, not crypto, not some kind of shitcoin, but Bitcoin. And they will be focusing on the Lightning network.

Wrong. Consult a brothel is what you do.

Hopefully this time it stays up.

Hang on, are you saying that the US and IMF aren't already hated?


Yep there will be at least a couple more. Purely as a way for those countries to get new capital investment from the space.

There'll probably be a fight first though, IMF and USA have allready contacted El Salvador about it all apparently.

You never know, El Salavador might have some freedom coming their way, before we can all relocate there.

And harvard is 100% right about this. But happiness from family is not exactly profitable for corporations as family is free to enjoy (other than covering needs house, food, etc). That's why we get mass manipulation from the media and corporations, orchestrated by people such as Edward Bernays, in an effort to undermine the traditional family unit and instead focus everyone's mind on satisfying the individuals wants and desires through consumerism. This reduces wealth being passed on through the generations, meaning that employees remain desperate and without power, while also having the benefit of destroying the planet.

Yeah its funny isn't. This is the day many years ago that we were dreaming of, it is a massive historical event in Bitcoin's history and no real market reaction and barely a murmour on these boards. While the price is not too exciting right now, I have probably never been so exciting about bitcoin then this moment. A country (sure it is small, but that's how this things start) adopting it as its currency, holy shit that is a big deal, and what's more it is doing it by making heavy use of Bitcoin's 2nd layer solutions. We are about to see why all the shitcoins that tout low fees and fast transaction times are completely pointless.

This is a massive moment and I'm glad everyone here is able to experience it.

1.6billion is surprising, and good to see, I wonder when all those Bitcoin ETF approval dates are.

Saylor is putting himself in a hell of a position here still I think. If the price does dump below 20k he will have to be in trouble.

We really do have a mega H&S forming on the daily. Looks horrid and everyone can see it and is probably trading it.

Hmm, just reading through this thread regarding Microstar's financial postion with all these BTC purchases his been making. I haven't verified any of it but looks like this guy could really bring the place down for a while if things go pear shapped

https://twitter.com/AlphaKetchum/status/1402135752973107203

and this

https://twitter.com/UrbanKaoboy/status/1395024270330269698

Hmm, maybe the next drop will bring on a bounce. I'm thinking a move down to 30k then back to 34k. Why? because why not.

A rise till Friday perhaps, all nice and ready for the weekend dump.

Edit: it's trying.

We may have stayed above 32k but no rebound has happened and looking like it may breakdown again very soon.

Demand has dropped off to a massive degree because there are far fewer newcomers coming into the space right now. network congestion won't happen again until we have new buyers coming back in.

Been like this during the whole difficulty period so far, not just today. Previous period was clearing up the mempool too.

Beep!

It's always easier to pick on someone who won't fight back, and this bot can't even reply to you, so easy target.

And who you calling a bot? Bot.

Maybe, big Maybe. Everybody is talking about this right now so I think it unlikely to hold. Mind you I'm hoping it does.

Also volume looks like shit.

Yeah this is a worry.