Bitcoin Forum
August 13, 2020, 08:58:48 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 27 (20.3%)
1-10% - 18 (13.5%)
11-20% - 15 (11.3%)
21-30% - 19 (14.3%)
31-40% - 7 (5.3%)
41-50% - 14 (10.5%)
51-60% - 9 (6.8%)
61-70% - 5 (3.8%)
71-80% - 4 (3%)
81-90% - 2 (1.5%)
91-99% - 3 (2.3%)
100% - 10 (7.5%)
Total Voters: 133

Pages: « 1 ... 19590 19591 19592 19593 19594 19595 19596 19597 19598 19599 19600 19601 19602 19603 19604 19605 19606 19607 19608 19609 19610 19611 19612 19613 19614 19615 19616 19617 19618 19619 19620 19621 19622 19623 19624 19625 19626 19627 19628 19629 19630 19631 19632 19633 19634 19635 19636 19637 19638 19639 [19640] 19641 19642 19643 19644 19645 19646 19647 19648 19649 19650 19651 19652 19653 19654 19655 19656 19657 19658 19659 19660 19661 19662 19663 19664 19665 19666 19667 19668 19669 19670 19671 19672 19673 19674 19675 19676 19677 19678 19679 19680 19681 19682 19683 19684 19685 19686 19687 19688 19689 19690 ... 27110 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21791979 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (148 posts by 37 users deleted.)
STT
Legendary
*
Offline Offline

Activity: 2548
Merit: 1226



View Profile WWW
February 22, 2018, 05:57:11 AM
Last edit: February 22, 2018, 06:13:56 AM by STT

LOL. Mempool almost empty again. What a time to be alive.


Hate to be Debby Downer here at all but the question has to be asked, does that empty mempool then also mean less pressure from traffic/volume of Bitcoin use.    Obviously purely on exchange traffic matters less beyond speculation.     I mean a rising trend, which we have but also declining volume overall globally would not equate to a bullish confirmation.    Just a thought,  I'm not sure of volume as each exchange has it split of course and some major countries arent registering volume publicly any longer so its more of an opaque picture
100% First Deposit Bonus Instant Withdrawals Best Odds 10+ Sports Since 2014 No KYC Asked Play Now
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1597309128
Hero Member
*
Offline Offline

Posts: 1597309128

View Profile Personal Message (Offline)

Ignore
1597309128
Reply with quote  #2

1597309128
Report to moderator
1597309128
Hero Member
*
Offline Offline

Posts: 1597309128

View Profile Personal Message (Offline)

Ignore
1597309128
Reply with quote  #2

1597309128
Report to moderator
1597309128
Hero Member
*
Offline Offline

Posts: 1597309128

View Profile Personal Message (Offline)

Ignore
1597309128
Reply with quote  #2

1597309128
Report to moderator
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
February 22, 2018, 06:05:18 AM

Hate to be Debby Downer here at all but the question has to be asked, does that empty mempool then also mean less pressure from traffic/volume of Bitcoin.  

Of course, even mega bitcoin shill Torque admitted it.  All the retail buyers who wanted into the market already got in and are just sitting on coins hoping someone pumps it so they can dump on them.
macsga
Legendary
*
Offline Offline

Activity: 1484
Merit: 1002


Strange, yet attractive.


View Profile
February 22, 2018, 06:34:19 AM

Price-wise, (yes, this thread IS about that too, apart from trolling) bumping up from 10200$ (Finex) makes me feel bullish again. If we break down from that then it's going 9xxx. Maybe BTC has a chance for glory after all. Right now only XMR hodlers are happy, everybody else is bleeding...

bob@bitcorn:~/bitcoin-0.16.0rc3/src$ ./bitcoin-cli -datadir=/mnt/md0/bitcoin_data getmempoolinfo
{
  "size": 2251,
  "bytes": 1178878,
  "usage": 3950928,
  "maxmempool": 300000000,
  "mempoolminfee": 0.00001000,
  "minrelaytxfee": 0.00001000
}


Amazing. Haven't seen it this low in a long long time.

Hate to be Debby Downer here at all but the question has to be asked, does that empty mempool then also mean less pressure from traffic/volume of Bitcoin use.

I honestly don't know how to answer that. All I do know is I'm happy to see the spamming has stopped, transaction fees are the lowest they have been in a long time, and transactions are clearing quite quickly - compared to the insanity of Dec/Jan.

Would you mind elaborating? I don't think I get it... above 1M block?
Ah ok, you edited the above. Yes, now makes sense.
jojo69
Legendary
*
Offline Offline

Activity: 1848
Merit: 2482


no FOMO


View Profile
February 22, 2018, 06:41:23 AM

holy cow

we just cleared the mempool down to nothing
macsga
Legendary
*
Offline Offline

Activity: 1484
Merit: 1002


Strange, yet attractive.


View Profile
February 22, 2018, 06:46:56 AM

Would you mind elaborating? I don't think I get it... above 1M block?

There's less that two full blocks of blockchain data waiting to be processed in mempool, at the time being. 20 minutes will clear out any queued transactions on the blockchain.

OK thanks for the explanation; I think that this is awesome (but makes no sense)! Could it be because of the LN testing?
macsga
Legendary
*
Offline Offline

Activity: 1484
Merit: 1002


Strange, yet attractive.


View Profile
February 22, 2018, 06:55:18 AM

Could it be because of the LN testing?

Not likely. This is probably due to Segwit starting to be rolled out more and more.

LN is still a giant experiment at the moment, and I can't really recommend getting involved with it right now, unless you are into masochism.

We'll see how much of a difference LN starts to make once they hit 0.6 (0.5.2 right now)

We have less tx per day comparing to the previous weeks. *Maybe* that's a good explanation after all.
https://bitinfocharts.com/comparison/transactions-btc-ltc-eth.html
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1218
Merit: 1962


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 22, 2018, 07:05:02 AM

What are your thoughts on this metric:  https://outputs.today
macsga
Legendary
*
Offline Offline

Activity: 1484
Merit: 1002


Strange, yet attractive.


View Profile
February 22, 2018, 07:21:14 AM

What are your thoughts on this metric:  https://outputs.today

Nice site man, thanks. It verifies with the bitinfo chart; I think it's legit. Well, IMO, it's reasonable after the rally the TX to go down, maybe it's a nice indicator price-wise as well. Watch your longs out there.
bitserve
Legendary
*
Offline Offline

Activity: 1260
Merit: 1175


Self made HODLER ✓


View Profile
February 22, 2018, 07:25:07 AM

Could it be because of the LN testing?

Not likely. This is probably due to Segwit starting to be rolled out more and more.

LN is still a giant experiment at the moment, and I can't really recommend getting involved with it right now, unless you are into masochism.

We'll see how much of a difference LN starts to make once they hit 0.6 (0.5.2 right now)

We have less tx per day comparing to the previous weeks. *Maybe* that's a good explanation after all.
https://bitinfocharts.com/comparison/transactions-btc-ltc-eth.html

It's number of outputs what is most relevant here. During the past few months many users, exchanges, etc started to consolidate addresses and batch transactions to reduce the impact of the high fees. That consolidation process plus the numerous forks we experienced that required to move coins before claiming made for an abnormal higher number of tx's which added to the already congested situation.

Now, after that consolidation seems to have been stabilized, more tx batching adopted, segwit increasing adoption, , no more forks to claim, etc... it is completely normal we reach the benefits of an uncongested network.

And of course, the increasing adoption of Segwit allows for more "space" available even for non-segwit tx', as expected.

We don't even need to take into account if spam was or wasn't a significant factor to see the "optimizations" in usage could perfectly explain the improvement.
macsga
Legendary
*
Offline Offline

Activity: 1484
Merit: 1002


Strange, yet attractive.


View Profile
February 22, 2018, 07:30:38 AM

It's number of outputs what is most relevant here. During the past few months many users, exchanges, etc started to consolidate addresses and batch transactions. That consolidation process plus the numerous forks we experienced that required to move coins before claiming made for an abnormal higher number of tx's which added to the already congested situation.

Now, after that consolidation seems to have been stabilized, more tx batching adopted, segwit increasing adoption, , no more forks to claim, etc... it is completely normal we reach the benefits of an uncongested network.

And of course, the increasing adoption of Segwit allows for more "space" available even for non-segwit tx', as expected.

We don't even need to take into account if spam was or wasn't a significant factor to see the "optimizations" in usage could perfectly explain the improvement.

Fully agree on the above, https://outputs.today/ signifies that both are down simultaneously (or at least the trend presents them as such). Nevertheless, the ratio between those two is rising (I'm a bit confused on why this is happening). It would be nice if any of you wizards here had a site to monitor LN / SW tx/outputs (even partially right)...
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1218
Merit: 1962


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 22, 2018, 07:38:57 AM

I can barely understand a quarter of this but it sounds promising:  https://blockstream.com/2018/02/21/bulletproofs-faster-rangeproofs-and-much-more.html
svdleer
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
February 22, 2018, 07:52:12 AM

I though we were done with dumping yesterday evening. but this morning it starts all over again....
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
February 22, 2018, 08:04:49 AM

So stop quoting the trolls so we don't all have to read their posts over and over

25 fucking merit.


Is there no way to:

1.  Ban the perma-off-topic, vomitously hideous shit for a soul roach?
2.  The rest of the garden variety Nazi fucks turn their knobs down to say... I dunno 7?  Or 8?
3.  Talk about bitcoin?  Or Monero?

God.  Talk about Ripple and BCASH if you want!  But stop with all the damned race oriented blathering.

And just ONE PAGE.

O N E.  P A G E.

With no mentions of "EVIL JEWS" an no usage of the word "cuckold"?

Just one?

Hello! Do you have a moment to talk about how our lord and saviour Hitler did nothing wrong?
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1218
Merit: 1962


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 22, 2018, 08:18:27 AM

Both hands on the wheel buddy

Last of the V8s
Legendary
*
Offline Offline

Activity: 1568
Merit: 3957


Be a bank


View Profile
February 22, 2018, 09:23:13 AM

What are your thoughts on this metric:  https://outputs.today

It's gaining traction. Here's another
Meantime down to 7,000 transactions in mempool. Either people have stopped trading or segwit is making a difference.
Well volume is lower than ideal.

There's no goddam spam attack to coincide with Roger shenanigans - inefficient scammer co-ordination.

There's a push to measure not tx's but outputs https://opreturn.org/ which are up a lot.
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 3276
Merit: 1479



View Profile
February 22, 2018, 09:30:29 AM
Last edit: February 22, 2018, 10:51:32 PM by marcus_of_augustus

Is that Petro cash bad news for crypto overall in that it places an unfavoured regime in the space and its cash flows in and out of Bitcoin probably.   I mean with regard to oppressive regulation or maybe its even a positive in putting an OPEC sized economy into the crypto economy generally.   [Im not expecting Petro to be a proper/fair crypto standard but still it'll be exchanged]   I would equate that to Japan endorsing Bitcoin, they also have a failing currency though its incredibly under reported theres no doubt they have debt troubles beyond solution.  Of course Japan is a friend to the 'west' so no problem I guess

Quote
OPEC member Venezuela boasts the largest proven reserves of crude oil in the world, but has struggled against the plunge in oil prices which began in 2014.

The WTI benchmark currently sits at $58.36 per barrel, while Brent is faring marginally better at $63.73. Venezuela's sour crude basket price currently sits at $50.15, an unsustainable level given the country's dismal economic outlook and overreliance on US refineries to process its oil.

this will be great for demonstrating what a really stupid idea centralised shitcoins managed by comrade socialists truly are. It will reinforce that genuine workable crypto need to be decentralised in all aspects, networked nodes, mining, development, consensus blockchain db.

Petro, Bcash, Ether, Ripple are all centralised shitcoins ... apparently Maduro was calling the Petro devs every day to ask how his shitcoin was developing and giving socialist propaganda advice to spur the effort along ... it's almost exactly like Wu and Roger calling up Peter_r and Rick to see how Bcash devs are doing so they can pump their shitcoin to the world after yet another Bitmain/Antpool enforced hardfork (for the children's sake) ... or Vitalik deciding what smart contract fail TX to rollback (for the children's sake) on the next aethereum hardfork.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1218
Merit: 1962


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 22, 2018, 09:37:50 AM

Whats the difference between "Any Outputs" and "Op_Return"? 
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1218
Merit: 1962


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 22, 2018, 09:44:26 AM

We don’t really want to go much lower right now.

Lontonbit
Full Member
***
Offline Offline

Activity: 420
Merit: 108



View Profile
February 22, 2018, 09:54:18 AM

Back from a 7 day ban!! Wohoooooooooooo YES We're going to 9k like it or not. Than back to test defending resistance, I call a breakout next run
Last of the V8s
Legendary
*
Offline Offline

Activity: 1568
Merit: 3957


Be a bank


View Profile
February 22, 2018, 09:54:51 AM
Merited by JayJuanGee (1)

Whats the difference between "Any Outputs" and "Op_Return"? 
not a clue. something like metadata but not like metadata. aka 'sneaking shit onto the blockchain'
he has more clue: https://bitzuma.com/posts/op-return-and-the-future-of-bitcoin/
Pages: « 1 ... 19590 19591 19592 19593 19594 19595 19596 19597 19598 19599 19600 19601 19602 19603 19604 19605 19606 19607 19608 19609 19610 19611 19612 19613 19614 19615 19616 19617 19618 19619 19620 19621 19622 19623 19624 19625 19626 19627 19628 19629 19630 19631 19632 19633 19634 19635 19636 19637 19638 19639 [19640] 19641 19642 19643 19644 19645 19646 19647 19648 19649 19650 19651 19652 19653 19654 19655 19656 19657 19658 19659 19660 19661 19662 19663 19664 19665 19666 19667 19668 19669 19670 19671 19672 19673 19674 19675 19676 19677 19678 19679 19680 19681 19682 19683 19684 19685 19686 19687 19688 19689 19690 ... 27110 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!