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

[jbreher]

I guess I jumped the gun before, my well-wishes got buried in political bickering. so...

What a year, huh?

And a fine Yule to you, too.

Is that picture your handiwork? Very nice!

[1715124147]

1715124147

[1715124147]

1715124147

[spooderman]

Merry Xmas to all

Stop watching the price for a while you junkies  

said the man on the bitcointalk wall observer thread.

[ChartBuddy]

Coin



Explanation

[Globb0]

Merry Xmas to all

Stop watching the price for a while you junkies  

said the man on the bitcointalk wall observer thread.

its just a few refreshes, I could give up any time.

[AlexGR]

Transactions have increased ~50% in the last month

https://blockchain.info/charts/n-transactions?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

At this rate, we're ~two months away from the Fullblocalypse.

Happy Ramadan.

Transaction volume in USD ~150-200mn USD

https://blockchain.info/charts/estimated-transaction-volume-usd?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=1&scale=0&address=

Fees paid in USD ~10-18k USD. To move around 200 million.

https://blockchain.info/charts/transaction-fees-usd?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Yeah, fullblocalypse is round the corner

[GreekGeek]

its just a few refreshes, I could give up any time.

same here...

[JayJuanGee]

Thanks for your kind advice, billyjoeallen. I'm sure you could employ your precious energy in far more productive activities other than aimlessly (suspiciously?) repeating yourself.

Here's an idea: How about 1 kilobyte blocks to make the chain Superduper secure? We should petition the central planning committee of Blockstream.

Truly over the time that you have been a member of this forum, you have gotten some other members to be sympathetic with whatever self-absorbed and focused cause that you have wished to present; however, the fact of the matter is that you have a considerable inability to recognize nuanced benefits that come from a collaborative process, recognizing variations of views and accepting that not everyone accepts the world from your narrow perspective. 

Even though in various regards, you have asserted that you have the right to participate in this forum, your ongoing cluttering of this thread with your repeated variances of the same message rises to a level of interference with free and fair communication,   and because of your ongoing and unrelenting behavior to clutter thread with irritating dogma and repetition, you and your account should really be either warned, suspended or banned...

your contributions are just the opposite, really...   Best case scenario, you are an attention whore and worst case scenario, you are a paid shill that is purposefully engaging in tactics to detract forum members from engaging in meaningful dialogue.

[ChartBuddy]

Coin



Explanation

[billyjoeallen]

Transactions have increased ~50% in the last month

https://blockchain.info/charts/n-transactions?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

At this rate, we're ~two months away from the Fullblocalypse.

Happy Ramadan.

Transaction volume in USD ~150-200mn USD

https://blockchain.info/charts/estimated-transaction-volume-usd?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=1&scale=0&address=

Fees paid in USD ~10-18k USD. To move around 200 million.

https://blockchain.info/charts/transaction-fees-usd?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Yeah, fullblocalypse is round the corner

Um, no. The block reward subsidizes transaction verification, so you would need to add the market cap of all the coins mined during that time to your $18k to calculate the total cost to move that 200 mil.

[billyjoeallen]

Thanks for your kind advice, billyjoeallen. I'm sure you could employ your precious energy in far more productive activities other than aimlessly (suspiciously?) repeating yourself.

Here's an idea: How about 1 kilobyte blocks to make the chain Superduper secure? We should petition the central planning committee of Blockstream.

Truly over the time that you have been a member of this forum, you have gotten some other members to be sympathetic with whatever self-absorbed and focused cause that you have wished to present; however, the fact of the matter is that you have a considerable inability to recognize nuanced benefits that come from a collaborative process, recognizing variations of views and accepting that not everyone accepts the world from your narrow perspective. 

Even though in various regards, you have asserted that you have the right to participate in this forum, your ongoing cluttering of this thread with your repeated variances of the same message rises to a level of interference with free and fair communication,   and because of your ongoing and unrelenting behavior to clutter thread with irritating dogma and repetition, you and your account should really be either warned, suspended or banned...

your contributions are just the opposite, really...   Best case scenario, you are an attention whore and worst case scenario, you are a paid shill that is purposefully engaging in tactics to detract forum members from engaging in meaningful dialogue.

I'm supposed to get paid? Clearly I'm not doing this right.

[AlexGR]

Um, no. The block reward subsidizes transaction verification, so you would need to add the market cap of all the coins mined during that time to your $18k to calculate the total cost to move that 200 mil.

Block reward has two main purposes.

1) Securing the network
2) The necessary distribution of the monetary base during the first years.

BTCs will be issued due to (2) even if zero transactions exist. Same for altcoins sharing BTC code that have much less "traffic" and a lot of empty blocks.

[JayJuanGee]

back to 333!

are you short or something?



I recognize fairly low volume, so we could possibly experience a major dump, but frequently it is difficult to detect exactly, if you do not have the experiences of a whale who may have a better idea regarding whether his recent dumps or pumps have been relatively effective and/or if he feels like he is capable of pushing prices in either direction.

Surely, there can be a willingness and even an ability to correct downwardly the current price by 10 or 20%, but more than that amount would seem difficult given the current seemingly upward direction. 

Remember, the trend is your friend??


 and doesn't the upward or even flat price direction have to play out a bit more to see if there could be a downward correction, even below $400? 

Even $420 had been tested recently and had seemed difficult to breach, under the current circumstances.  I mean when prices lowered into the $420s, volume picked up considerably, and whether there is enough passion, holding back or even knowledge of the $420s to be able to get passed it or to try it again or to just leave it be may be in the knowledge of various whales.

Certainly, as a non-whale, and barely above minnow status, i'm not really in a position to know because I don't know how many coins big players are willing to or able to dump in order to attempt to reverse or at least flatten out the seemingly current upward price trend.

So, in that regard, at this time, it seems that calling any BTC price below $420 to be a bit of pie in the sky and in need of a few days of battle (or some very convincing FUD), if such a price drop were to occur.   

[jbreher]

Here's an idea: How about 1 kilobyte blocks to make the chain Superduper secure? We should petition the central planning committee of Blockstream.

Truly over the time that you have been a member of this forum...
Even though in various regards, you have asserted that you have the right to participate in this forum, your ongoing cluttering of this thread with your repeated variances of the same message ...

Sure, BJA expresses a contrarian opinion frequently.

Some others (look around) spend significant forum space merely complaining about BJA expressing an opinion.

Those who try to shake free their bias and look at the situation objectively might find one of these -- or may find the other of these -- as annoying.

just sayin'

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

Thanks for your kind advice, billyjoeallen. I'm sure you could employ your precious energy in far more productive activities other than aimlessly (suspiciously?) repeating yourself.

Here's an idea: How about 1 kilobyte blocks to make the chain Superduper secure? We should petition the central planning committee of Blockstream.

Truly over the time that you have been a member of this forum, you have gotten some other members to be sympathetic with whatever self-absorbed and focused cause that you have wished to present; however, the fact of the matter is that you have a considerable inability to recognize nuanced benefits that come from a collaborative process, recognizing variations of views and accepting that not everyone accepts the world from your narrow perspective. 

Even though in various regards, you have asserted that you have the right to participate in this forum, your ongoing cluttering of this thread with your repeated variances of the same message rises to a level of interference with free and fair communication,   and because of your ongoing and unrelenting behavior to clutter thread with irritating dogma and repetition, you and your account should really be either warned, suspended or banned...

your contributions are just the opposite, really...   Best case scenario, you are an attention whore and worst case scenario, you are a paid shill that is purposefully engaging in tactics to detract forum members from engaging in meaningful dialogue.

I'm supposed to get paid? Clearly I'm not doing this right.

Yes, it seems so. 

If you are not being paid, then you should be.  I am just not convinced that any quasi-normal person would go to the extreme methods that you employ in order to clutter this thread with your various reiterations and repackaging of what is becoming more clearly recognized as utter non-sense and irrelevance in the whole scheme of things.

Certainly, you are not a dumb person, and many of your posts are fairly intelligently articulated and even refraining from personal attacks... but they are still substantively garbage because they clutter, repeat and squeeze out meaningful and informative discussion(s).

In that regard, your ongoing thread clutter seems to be of a similar level of nuisance value as jorge's various "academic interest" contributions; however, at least, in recent weeks, either on purpose or coincidentally, jorge has (by hook or by crook) seemed to exercise some good sense in being absent from some of his doom and gloom speculations regarding the future of bitcoin. But, likely he (jorge) will also strategically return to the thread when there may seem an opportunity for some of his bullshit to resonate with some readers.  With you, on the other hand, I am just surprised that for so long of a period of time, you have gotten away with having any credibility with some genuine posters in this thread beyond that of a troll.

I recognize that through the years, you may have had some semblance of contribution(s), beyond just becoming obsessive/compulsive and possibly worsening in recent months. 

I don't have enough patience or will-power to review your post history with that level of scrutiny to suss out contribution as compared with non-contribution, but I would think that with your recent obsessive conduct, you should have provided more than sufficient evidence for any forum administrator to feel comfortable and justified to ban and/or suspend your account - because as I already asserted, you are and have been single-handedly robbing considerable value from more genuine forum posters through your rubbish bullshit repeated and repackaged posts.

[BlindMayorBitcorn]

Coin



Explanation

[fisheater22]

... I am just not ...

*NOT
Impostor!

[AlexGR]

inflating my non-inflationary currency at a rate of over 10% of bitcoin's total market cap. Per fucking year.

15 of 21m are already issued - most of the monetary base distribution is over with and the upward price movement due to scarcity more than compensates. That's what the long term trend says.

Soon we'll get half block rewards and after 4 years another 50% cut.

In any case, PoS or PoW/PoS coins are an alternative for those who don't like BTC's distribution or are too anxious to reduce inflation right now (that won't happen).

[JayJuanGee]

Here's an idea: How about 1 kilobyte blocks to make the chain Superduper secure? We should petition the central planning committee of Blockstream.

Truly over the time that you have been a member of this forum...
Even though in various regards, you have asserted that you have the right to participate in this forum, your ongoing cluttering of this thread with your repeated variances of the same message ...

Sure, BJA expresses a contrarian opinion frequently.

Some others (look around) spend significant forum space merely complaining about BJA expressing an opinion.

Those who try to shake free their bias and look at the situation objectively might find one of these -- or may find the other of these -- as annoying.

just sayin'

Ultimately, forum administrators should be able decide whether or not his approach and/or repetitive substance is contributing value or taking away value from the forum and/or this thread.

I see nothing wrong with posters having strong opinions and articulating strong opinions, so long as others are not being drowned out or even overwhelmed by the seemingly purposeful irrelevant clutter. 

Even though I frequently don't agree with BjA's posts, I agree that sometimes he highlights some valid points... currently, I am personally of the conclusion that he has gone way overboard in his apparent maniacal obsessions . and accordingly he is causing (and possibly on purpose) the inability of others to contribute...

[JayJuanGee]

... I am just not ...

*NOT
Impostor!

I'm still the same ONE. 

In the past month or two, due to the politely-phrased request of BlindMayorBitcorn, I decided to attempt to considerably lessen my employment of ALL CAP emphasizing because it had become more apparent to me that from time to time (and probably too much) such style was detracting from my attempts to relay content.   hahahahahaha