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

[Meuh6879]

Sympathic result of the fork : the massive upgrade of nodes (and miners software ...   ) result of better handling of the mempool priorities and fees.

I have emit a 22 sat/B transaction (0,00005 BTC of fees = low priority in hot wallet SPV mode) and only 2h to wait.



before that (before fork) : 1,8 days to 2 days to wait.
developper can decrease cost of the network, now ... (to decrease at 0,000001 BTC for example).  

Lightning network consideration ?

[1714513186]

1714513186

[1714513186]

1714513186

[1714513186]

1714513186

[1714513186]

1714513186

[Elwar]

Btw. For anyone who was wondering, I did some research on capital gains (United States).

A single person can sell about $38k worth of bitcoins per year and pay 0% capital gains as long as you have no other income (twice that as a married couple). That's about $3k per month tax free if you can find a place to live on that comfortably (You can live on $500 per month in Thailand).

Basically, If you are 30 and plan to live until 85 you only need about 150 bitcoins to retire right now, tax free.

About 100 BTC if you are over 50.

When you say you can live with $500 per month.... what does that include?

Home Renting? Electricity? Food? Meds? Health care? Drinks? Car? Gas? Security? Clothes? Electronics? Mobile phone service? Internet?

Or is it just for home renting and food?

There are several blogs of living from $300 to $600 or so in Thailand.

$600/month https://www.youtube.com/watch?v=v61xbAJoQVI
$500/month https://www.youtube.com/watch?v=NoEYAl7Bk5Q
$300/month https://www.youtube.com/watch?v=sHP1OrFUZFA

But I am talking mainly about the locals living on that much. My gf has a 3 bedroom apartment she pays about $180/month for. Food is really cheap. Most things are really inexpensive.

[bitserve]

Btw. For anyone who was wondering, I did some research on capital gains (United States).

A single person can sell about $38k worth of bitcoins per year and pay 0% capital gains as long as you have no other income (twice that as a married couple). That's about $3k per month tax free if you can find a place to live on that comfortably (You can live on $500 per month in Thailand).

Basically, If you are 30 and plan to live until 85 you only need about 150 bitcoins to retire right now, tax free.

About 100 BTC if you are over 50.

When you say you can live with $500 per month.... what does that include?

Home Renting? Electricity? Food? Meds? Health care? Drinks? Car? Gas? Security? Clothes? Electronics? Mobile phone service? Internet?

Or is it just for home renting and food?

There are several blogs of living from $300 to $600 or so in Thailand.

$600/month https://www.youtube.com/watch?v=v61xbAJoQVI
$500/month https://www.youtube.com/watch?v=NoEYAl7Bk5Q
$300/month https://www.youtube.com/watch?v=sHP1OrFUZFA

But I am talking mainly about the locals living on that much. My gf has a 3 bedroom apartment she pays about $180/month for. Food is really cheap. Most things are really inexpensive.

I first checked the $300 video.... after being horrified by the ugly apartment (not to mention the bathroom) I switched to the $600 one... Still horrified. Why would I want to be rich to live like that?

Maybe I am a bit picky about HOME and not that much about food, etc... donno. Is there any other videos for living a "rich" life on a budget there or something?

[soullyG]

New ATH again today? Currently at $3430

[Meuh6879]

[starmman]

New ATH again today? Currently at $3430

Will be great if its hit again - I'll keep more of an eye on the markets today =)

[Elwar]

I first checked the $300 video.... after being horrified by the ugly apartment (not to mention the bathroom) I switched to the $600 one... Still horrified. Why would I want to be rich to live like that?

Maybe I am a bit picky about HOME and not that much about food, etc... donno. Is there any other videos for living a "rich" life on a budget there or something?

No idea. Like I said, living would be 3k per month not 300. When you start looking at higher costs it is more stuff catering to foreigners so the price can go up quickly.

My friend has a house with a pool and he figures 2k is enough.

[bitserve]

I first checked the $300 video.... after being horrified by the ugly apartment (not to mention the bathroom) I switched to the $600 one... Still horrified. Why would I want to be rich to live like that?

Maybe I am a bit picky about HOME and not that much about food, etc... donno. Is there any other videos for living a "rich" life on a budget there or something?

No idea. Like I said, living would be 3k per month not 300. When you start looking at higher costs it is more stuff catering to foreigners so the price can go up quickly.

My friend has a house with a pool and he figures 2k is enough.

Oh ok, then it isn't much cheaper than living in my country. Maybe it isn't even cheaper at all.

I supposse it looks cheap in comparison to living well in USA which, yes, it is really expensive and nice houses/apartments in premiun places are still incredibly  overpriced. Salaries are also WAY higher so I guess it is ok.

[soullyG]

New ATH again today? Currently at $3430

Will be great if its hit again - I'll keep more of an eye on the markets today =)

I was honestly expecting another retest of the $3200 region before moving up, but the markets have been surprisingly resilient since Segwit/the fork

[bitserve]

KRAKEN EUR ATH touched. (not broken yet)

45BTC WALL TO GO

[julian071]

God I love how the discussion switched to the topic of early retirement =D

Personally I am not quite there yet, but pretty close to be able to e.g. pay my entire mortgage that I have left and have very low costs of living. That wouldn't be wise financially but it's a nice idea.

[Dakustaking76]

The price is not moving kraken price hanging at €2966,90 now

[Icygreen]

I first checked the $300 video.... after being horrified by the ugly apartment (not to mention the bathroom) I switched to the $600 one... Still horrified. Why would I want to be rich to live like that?

Maybe I am a bit picky about HOME and not that much about food, etc... donno. Is there any other videos for living a "rich" life on a budget there or something?

No idea. Like I said, living would be 3k per month not 300. When you start looking at higher costs it is more stuff catering to foreigners so the price can go up quickly.

My friend has a house with a pool and he figures 2k is enough.

Oh ok, then it isn't much cheaper than living in my country. Maybe it isn't even cheaper.

I supposse it looks cheap in comparison to living well in USA which, yes, it is really expensive and nice houses/apartments in premiun places are still incredibly  overpriced. Salaries are also WAY higher so I guess it is ok.

I've been living 50% of each year in SE Asia since 2001. Costs have gone up and in some places like Bali, a lot.  Currently I rent a 3 bedroom/3 bathroom house across from the beach in Vietnam for $350 a month (exclusive of electric).  It's not as nice as my house in Canada but its clean and safe with the added perks of weather and cheap food. The largest benefit to living there is the fact that I become way more active outside the house which would have been spent hibernating indoors had I stayed in the cold. I figure it costs me about 30% less to be in Vietnam than Canada for the winter.  I buy what I want and typically never need to spend more than $2000 CAD in a month.

[Paashaas]

The 2x part will never happen in November but who cares?  Bigblockers have finally there BCash coin with no Segwit+8mb blocks...thats what they wanted, right?

What they want is control. Block sizes are irrelevant
 

And that is exactly what makes me afraid of a 'core' implementation. Multiple implementations needs to be highly encouraged. Software has bugs, at least with multiple implementations you mitigate that risk.

IMHO the core team is making a big mistake by making their implementation incompatible with the 2X part of the NYA. It makes me sick how /r/bitcoin is currently involuntarily displaying a very narrowed view on the matter. I care about Bitcoin and the freedom it provides and don't need anyone to tell what is best, just code and stfu.

If you realize why XT, Classic, BU, BCash etc has failed then you'll understand why Core's roadmap is the best possible solution to make Bitcoin mainstream in the most decentralised way.

[Torque]

Oh bitcoinwisdom.com, you poor poor website.   

How your owner is so lazy that he/she can't even be bothered to remove btc-e ticker, or to fix the LTC/USD ticker (that is now broken). 

[bitebits]

If you realize why XT, Classic, BU, BCash etc has failed [...]

They haven't and are still around. It is not a game about total dominance. The hostility towards other implementations is beyond me. Again diversity is key for trying to achieve some level of antifragility.

[...] Core's roadmap is the best possible solution [...]

I will let the market decide, thank you.

[Torque]

If you realize why XT, Classic, BU, BCash etc has failed [...]

They haven't and are still around. It is not a game about total dominance. The hostility towards other implementations is beyond me. Again diversity is key for trying to achieve some level of antifragility.

[...] Core's roadmap is the best possible solution [...]

I will let the market decide, thank you.

Yes, you are correct that the market should decide what the majority consensus implementation should be.

However, the hostility that you mention comes from the fact that the promoters/camps of these alternate implementations are still trying to proclaim that their forks or implementations are THE ONE AND TRUE Bitcoin, when clearly they are not. Not by longest chain. Not by most popular support from users, merchants, brokers, and exchanges. Not by most mining support. Not by most hashrate. Not by any measure whatsoever.

So the hostility is aimed at their misguided promoters, not at the implementations themselves.

I.E., - quit forking Bitcoin just to make a political statement or to gain more centralized control. It won't work.

[jojo69]

And no less centralised because the UK will now be ruled by one bastard government that cannot be trusted, instead of having the other 27 countries of the EU to moderate.

But it is less centralized because the sovereign unit is smaller.  If you do not like the current UK government, work to change it.  The smaller the sovereign unit he more impact an individual can have on its policy.

By your way of thinking one world government would be best because then we would have 195 countries to "moderate".

[d_eddie]

However, the hostility that you mention comes from the fact that the promoters/camps of these alternate implementations are still trying to proclaim that they are THE ONE AND TRUE Bitcoin, when clearly they are not. Not by longest chain. Not by most popular support from users, merchants, brokers, and exchanges. Not by most mining support. Not by most hashrate. Not by any measure whatsoever.

So the hostility is aimed at their misguided promoters, not at the implementations themselves.

In other words, the forkers want to take control of the rules but keep the name (and value - that is, users, and market cap) of something that was built without them, in a different way, with different expectations: namely, that no single entity of trust of a few entities could take control.

The problem I have with this is that the present coven has only one objective in mind: the maximization of short-term miner profit. If this is good for the hodlers, the casual users, or other investors, is immaterial in their agenda.

An example: in due time, they could figure out that a hard cap on inflation (the "21 million" ceiling) isn't really necessary to maximize their SHORT TERM profit. They can sell the block reward before the inflation is "felt" elsewhere, or before it is fully felt anyway. Which means an increase in profit: the full reward, or the part of it that hasn't yet been discounted by the market as inflation.

Another example: censoring or reversing transactions that they don't like. When mining is really centralized, and miners make the rules, that's entirely possible. Therefore, by Murphy's Law, it will happen sooner or later. You want to send btc to some Chinese colleague of Assange's or whatever? You can't. You want to order a 1M$ mining rig from that rival of mine? Sorry, the transaction will never make it to one of my blocks.

I guess I could figure out better examples, but I hope you get the point. That would be the end of bitcoin as we know it.

I.E., - quit forking Bitcoin just to make a political statement or to gain more centralized control. It won't work.

Amen.

[empowering]

Seriously guys, WTF is a NEO ?

According to the Shitcoin Gazette:

NEO has recently gained some notoriety due to its collaboration with Chinese certificate authorities to map real-world assets using its smart contract technology. NEO has also signed partnership agreements with several startup companies.

¯\_(ツ)_/¯

Formerly known as AntShares. I don't understand why they changed their name. And the new logo is ugly.
But otherwise the tech seems interesting. A bit like the Chinese version of ETH whereas XEM is the Japanese version of ETH. I.E. All of them have the ability to do "smart contracts" but at least XEM has an API (application platform interface) that is able to use (or compatible with) many other coding languages unlike Etherium, which uses only a single programming language in their API. I'm not sure about NEO but anyways if you hodl NEO in your wallet, you get GAS, which is equivalent to ETH on the Ethereum blockchain.

Da Hongfei seems solid  - no comparisons being offered (and after all we  do invest in people)

NEO is quantum resistant and has a scaling solution (sharding) waiting to go.

Microsoft involvement, with listing real world assets- several other interesting collaborations -  inlcuding with OnChain which is a private Blockchain/company which is owned by Da Hongfei &  partners, and is VERY VERY VERY well connected.  Also  as well as the Neo  Chain and On Chain there is the Law Chain/Identity Chain, which  the gubermint are on board with- also BFT Blockchain  is compliant with the good folks in the guberment.

They are building fiat on and off ramps- one  will be  able to store fiat  on chain, and take fees and charges in fiat.

The Chinese love to  back their own.

Also of interest is  the GAS you get paid- you get paid for bookkeeping activities per a fixed reward - however there are also going to be fees chargable
for creating and executing smart contracts. (effectively you become a share holder of Neo Chain and share in all ongoing  profits generated by activites on the chain , and not just the fixed  "block rewards" )

It looks like they will enter some interesting markets, ICO's Invoice factoring for not  just SME's  but also some bigger players (I can see OnChain linking them with Alibaba further in the future)

I have been singing its praises since around $1 - I am locked  and loaded- and will  continue to acquire more.

These guys impressed me - take it as a shill or take it as information- up to you.

This coin is going to number 2 IMO - been saying so for months.


(Ps this is a bit of a corp /guberment friendly coin- I make no moral statements regarding this- I just think it has success written all over it in giant red marker pen... from an investment/trading point of view)

How can it be quantum resistant before quantum is really a proper thing. Who knows what it will or wont do? or will and wont do for that matter.

I hear you, but I think it  is touting to be more quantum RESISTANT than QUANTUM PROOF-

Apparently they are using/rolling out lattice-based cryptography which is supposed to be "quantum resistant" based on any public knowledge on quantum computing capabilities atm-  which is actually coming on slowly https://www.research.ibm.com/ibm-q/  apparently Lattice based cryptography offers more resistance than standard RSA to quantum computing .........

I do believe it could become a problem quicker than some realise- NEO are not the only people working on this Ethereum are for example (and many others) are working on this same issue https://github.com/ethereum/EIPs/issues/28


I don't think its just a gimmick - I think  Da Hongfei and his team are just trying to think ahead of the curve here (pardon the pun)