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

[zhekinsp]

With a bit of navel gazing, biz jets might make sense for someone with 5,000 BTC at the top of the next bull.

Is Loaded still hodling?

https://blockchair.com/bitcoin/address/bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9

Fucking A.  Good for him.  

And yes that is a Segwit address with 40k BTC sitting in it.

Why I can't find this address on blockchain explorer?

https://www.blockchain.com/search?search=bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9

seems they don't support Bech32 addresses.

https://en.bitcoin.it/wiki/Address

I didn't know that until now bro.

Owe you one merit.

[1556046993]

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[hodl_2015]

All this time I also thought I hate working that was my main motivation to stack bitcoin in the last 2-3 years but then I realized I don't actually I hate working. I mean I don't really like it but it keeps you busy. I can keep working just fine. (as long as I can say enough! and gtfo to a vacation whenever i like)

Work is a lot less stressful when you know you don't need it to pay for the next months (or years) bills and fully own the house you are living in.

[vapourminer]

I am not saying i want to lower the blocksize now, i meant if i had to choose between the two, i would pick lower the blocksize, as i see more benefits from that, than raising the block size.

I told you my thinking behind why larger blocks will not solve the unconfirmed transaction issue with Bitcoin. It is a bandaid fix, that will need to be re-address time and time again!

We need a solution that is outside normal way of thinking, forcing transaction off chain and to layer 2 and yes the only way to do that is too keep the blocksize where it is or smaller and with the benefits that come with that, although most people will see it as a negative....

lowering the current blockchain size to either increase fees or maybe to force people to l2, as some have suggested, seems foolish. at this size and tx load we doing fine. right now we just need plans in place in case there is an onslaught of new people trying to get on board for the next fomo train.

the future though? i do believe some core devs (or some lightning devs) have admitted that for lighting to work with btc well into the futures forecast of far heavier loads, the base layer needs more room just for lightning channels to open and close in a timely manner alone. bigger blocks at some point seems to be a given. but slow growth, as needed and well tested is what i would like to see.

as long as the btc base layer can run on consumer/prosumer level hardware, im good. something thats needs enterprise level stuff? no thanks.

full node running at home = trust

[DeathAngel]

All this time I also thought I hate working that was my main motivation to stack bitcoin in the last 2-3 years but then I realized I don't actually I hate working. I mean I don't really like it but it keeps you busy. I can keep working just fine. (as long as I can say enough! and gtfo to a vacation whenever i like)

Work is a lot less stressful when you know you don't need it to pay for the next months (or years) bills and fully own the house you are living in.

I don’t mind working, I certainly don’t love my job though. I’d like to be absolutely financially secure but my only hope of that is through bitcoin until I get my inheritence which will hopefully be a long time

[Pamoldar]

seems they don't support Bech32 addresses.

https://en.bitcoin.it/wiki/Address

Yes blockchain.com do not support Bech32 addresses to view. Try chain.so

[vapourminer]

Before turning it on, put your fingers in the plug to verify that there is electricity.

im not sure that wire gauge is thick enough to be safe. to me it like a possible fire hazard.

[Pamoldar]

Before turning it on, put your fingers in the plug to verify that there is electricity.

 

You can also use your tongue. Lick it to test the electricity. 😛
Disclaimer: I am not responsible if you burst your head LOL

[Pamoldar]

im not sure that wire gauge is thick enough to be safe. to me it like a possible fire hazard.

It's very risky by any means.

[JayJuanGee]

30% drop on Bitcoin incoming? Get ready to buy lower!
https://www.tradingview.com/chart/BTCUSD/y4lKlQbn-30-drop-on-Bitcoin-incoming-Get-ready-to-buy-lower/

what is your opinion?

I had drafted a response to this post yesterday, but before I hit "send", I accidentally deleted my whole response.  I was demoralized in drafting my response again at that time, but I have regained some typing enthusiasm, so let me try again.

Of course a 30% or even more BTC price correction could come at any time, and I doubt that your drawing squiggly lines on a chart, Retina, helps very much to inform us as to either when such 30% might occur and how much of a BTC price correction will come, once the correction gets started.

I have postulated on several occasions that 30% plus price corrections are quite common in BTC's dynamics, but also I believe that they are more likely to occur after the price has run for a while, rather than now when it seems that BTC might be on the cusp of pulling itself out of the bearishness of the longer down cycle that stared in December 2017 and was exacerbated (or even confirmed as either tragic or over) in November 2018.

So in earlier posts, including a post that came on April 1, just before this most recent price pumpening to $5k, I had already postulated that a 30% or more BTC price correction becomes more likely once we had reached over $5k (and surly we reached $5k way quicker than most of us expected, including yours truly). 

A 30% or more price correction from our current local top of $5,345 would bring BTC prices into a $3,742 or lower range, which I would consider pretty whipsawing unlikely and even extra bearish to happen right now when a certain amount of upwards price momentum seems to have come out of the April 1 and since pumpenings.  

Seems to me that getting to the $6,200 to $6,500 price range before experiencing a 30% plus correction would not be out of the question and even seems to have some possible credence now.. even while we  have gotten temporarily paused in this $4,900 to $5,150 price range

In other words, I would expect at least a bit more UP before a 30% or more price correction becomes more feasible... even while nothing is totally out of the question in bitcoinlandia, some scenarios remain more plausible than others.. and the current short term momentum seems slightly UP even though I remain of the current opinion too, that we have not quite exited out of the bear market, just yet... getting close to exiting our current on the cusp bear market but I remain too conservative (in my lagging indicator perspective) to presume that the current local bottom of $3,122 is assured as "in" .  Call me a whimpster.

[hodl_2015]

im not sure that wire gauge is thick enough to be safe. to me it like a possible fire hazard.

It's very risky by any means.

Yes, dangerously insufficient amount of duct tape, by any standard.
That type of plug is only for such low-power equipment that the wire gauge will be fine.

[zhekinsp]

Before turning it on, put your fingers in the plug to verify that there is electricity.

 

Sure.

[Raja_MBZ]

The true #Bitcoin inventor has been revealed

https://twitter.com/Xentagz/status/1114864121026097153

Funny!

[kingcolex]

It sure feels like we're gaining ground at settling over $5,000 for the longterm.

[JayJuanGee]

With a bit of navel gazing, biz jets might make sense for someone with 5,000 BTC at the top of the next bull.

Is Loaded still hodling?

We are going to need mid-4 digit level of BTC to get to biz jet levels?  Either you are not very optimistic about the upcoming BTC price or we have different interpretations of when a biz jet might be employed

Many of us here are struggling in the 1-2 digit levels of BTC.  I hope that there is enough riches for us lower lives on the ground to be flying publicly rather than possibly privately.

Let's consider what is biz jet level?  Maybe at least $100million in wealth (that would be a mere 333 BTC if we get to $300k per BTC)?  Some lowly $50million might be to try to pull this off, too, at least at the entry biz jet level... but yeah, $50million might not be quite to biz jet levels, yet.  By the way, for 5,000 BTC to equal $100 milllion, that would be a mere $20k in BTC prices.  You gotta be more bullish than that because hardly any of us actively participating here are going to be able to relate to 5,000 BTC, even though there may be a few more likely in the 500 plus BTC arena... while the more realistic audience, and not quite as presumptuous would be in the 50BTC level - or at least aspiring for something like that might be more in reach for the more well-off and active wall observer participant.

And who knows about Loaded, in the 40k BTC plus arena?  Real elitism there.

[Phil_S]

I hope that there is enough riches for us lower lives on the ground to be flying publicly rather than possibly privately.

[zhekinsp]

It sure feels like we're gaining ground at settling over $5,000 for the longterm.

For me it feels like we are going to some big changes in the market either huge bump or dump on the upcoming days.

[bitserve]

With a bit of navel gazing, biz jets might make sense for someone with 5,000 BTC at the top of the next bull.

Is Loaded still hodling?

https://blockchair.com/bitcoin/address/bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9

Fucking A.  Good for him. 

STILL HODLING 40,000 bitcoin’s, fucking hell. I would have been at least 50% out by now. Is he still alive, might be fucking dead with that amount of coins not sold.

That probably is not ALL of his stash.

Pretty impressive yeah.

[JayJuanGee]

It sure feels like we're gaining ground at settling over $5,000 for the longterm.

For me it feels like we are going to some big changes in the market either huge bump or dump on the upcoming days.

The "up"coming days are critical.^tm

[JSRAW]

The true #Bitcoin inventor has been revealed

https://twitter.com/Xentagz/status/1114864121026097153

Funny!

[kingcolex]

It sure feels like we're gaining ground at settling over $5,000 for the longterm.

For me it feels like we are going to some big changes in the market either huge bump or dump on the upcoming days.

The "up"coming days are critical.^tm

They always are aren't they? Honestly I feel a small bump to 5,300 or a bit higher and a settle down to 5050 ish or low 5100