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

[Hueristic]

I can see several incoming and outgoing transactions in my wallet stuck for like 10-12 hours already. Some of them are even 8-11mb from tip. Why is that? Mempool full?  

Use the Via Bitcoin free transaction accelerator -https://www.viabtc.com/tools/txaccelerator

WTF is this?

2. Paid Acceleration: You must sign in to use this service. The fee will be deducted from your BCH account balance. If the available balance is insufficient, you will then need to deposit to continue.

That's Bitmain's pool. What else to expect?

Ahh, fuck them.

alternatives?

[LFC_Bitcoin]

Use the Via Bitcoin free transaction accelerator -https://www.viabtc.com/tools/txaccelerator

WTF is this?

2. Paid Acceleration: You must sign in to use this service. The fee will be deducted from your BCH account balance. If the available balance is insufficient, you will then need to deposit to continue.

What should we do to solve jam problem

    Essentially, the key to solving jam problem is to increase or even remove block size limit but Bitcoin Core developers keep refusing to do so to allow more people to use Bitcoin, regardless of the Bitcoin white paper and signed consensus.
    In this case, a group of big block supporters initiated the first hard fork of Bitcoin increased the block size to 8MB, with a forked digital asset born - Bitcoin Cash (BCH).
    BCH does all what Bitcoin can and does it better in a more flexible way. What’s more, much lower fees and faster confirmations makes it more user-friendly, following the core principles of “Bitcoin”.
    Therefore, we should support Bitcoin Cash and big blocks.

That’s why I said use the ‘free’ accelerator ———>

[toknormal]

but really it is better NOT to get too much into the weeds in regards to shitcoin performance relative to bitcoin...

...other than to note that sh*coins are the "lungs" of bitcoin and one of the reasons that bitcoin has managed to grow sustainably over the last few years of its existence

This is why we see a continuous long term decline in dominance coupled with a sustained long term growth in price, because the octupus head needs tentacles that have the technical, monetary and commercial versatility to reach into the corners that the head doesn't, albeit that those tentacles may themselves not outlive the head, interchangeability being one of their strengths.

[DeathAngel]

Observing $9186, I have a feeling that if we close today over $9150 we might get a mini pump tomorrow, breaking through resistance to $9500 or higher. Time will tell, we’ve been in a tight trading range for a while now, I feel like there has been plenty of time to accumulate, we’re set to move up soon.

[AlcoHoDL]

I just ordered pizza... Too much healthy food lately, needed some "dirty" calorie intake.

At least BTC is mini-pumping, so all good! 

[cAPSLOCK]

I can see several incoming and outgoing transactions in my wallet stuck for like 10-12 hours already. Some of them are even 8-11mb from tip. Why is that? Mempool full?  

Use the Via Bitcoin free transaction accelerator -https://www.viabtc.com/tools/txaccelerator

WTF is this?

2. Paid Acceleration: You must sign in to use this service. The fee will be deducted from your BCH account balance. If the available balance is insufficient, you will then need to deposit to continue.

That's Bitmain's pool. What else to expect?

Ahh, fuck them.

alternatives?

I believe this situation is exactly why "replace-by-fee" was introduced.  Not sure what wallets support it aside from Electrum, I think.  Probably others.  And yeah... don't pay damned VIABTC anything.  An enemy of bitcoin.

[Torque]

but really it is better NOT to get too much into the weeds in regards to shitcoin performance relative to bitcoin...

...other than to note that sh*coins are the "lungs" of bitcoin and one of the reasons that bitcoin has managed to grow sustainably over the last few years of its existence

This is why we see a continuous long term decline in dominance coupled with a sustained long term growth in price, because the octupus head needs tentacles that have the technical, monetary and commercial versatility to reach into the corners that the head doesn't, albeit that those tentacles may themselves not outlive the head, interchangeability being one of their strengths.

Shitcoins aren't part of the "foundation" of the crypto ecosystem. They are the distraction from it.

[toknormal]

Shitcoins aren't part of the "foundation" of the crypto ecosystem. They are the distraction from it.

Only in a philosophical sense. Such as saying that a "vibrant economy is a distraction from gold as a store of value".

True in a particular philosophical perspective, but less than useful when it comes to allocating capital.

[JayJuanGee]

Bitcoin available in Australia post offices.

Bitcoin has been available at many post offices in the EU for years -> BTC Post offices

But if you want a real paradise for all crypto lovers come to Croatia and visit BitcoinStore, buy/sell crypto without any ID/KYC in the amount of 15000 HRK (2000 EUR) daily. If even that is not enough, hold your coins for at least 2 years after purchase and pay exactly 0% tax after sale

If I was croatian law enforcement, I would put a spy cam on that shop.

If someone is coming 10 times or more a year, start looking at how (s)he makes his/her money.

Are you with us or against us, aesma?   

Your post, aesma, caused me to look at the link one more time, and even though they are called "Bitcoin Store" they surely offer a lot of shitcoins, too (around 50 of them or so?).  Don't want to get into those shitcoin details, yet any member could peruse the "rate" link and see the numerous shitcoins that are being offered.

[Hueristic]

Bitcoin available in Australia post offices.

Bitcoin has been available at many post offices in the EU for years -> BTC Post offices

But if you want a real paradise for all crypto lovers come to Croatia and visit BitcoinStore, buy/sell crypto without any ID/KYC in the amount of 15000 HRK (2000 EUR) daily. If even that is not enough, hold your coins for at least 2 years after purchase and pay exactly 0% tax after sale

If I was croatian law enforcement, I would put a spy cam on that shop.

If someone is coming 10 times or more a year, start looking at how (s)he makes his/her money.

Are you with us or against us, aesma?   

Your post, aesma, caused me to look at the link one more time, and even though they are called "Bitcoin Store" they surely offer a lot of shitcoins, too (around 50 of them or so?).  Don't want to get into those shitcoin details, yet any member could peruse the "rate" link and see the numerous shitcoins that are being offered.

Seems the website portal has a $200 limit for purchasing without an account. I haven't tried the site at all though, just an observation.

[JayJuanGee]

However, the 2k EUR/day should be more than enough for everybody

You gotta be kidding? 2k/day is defo not enough for hookers/lambo/blow type of lifestyle...  

It's called delayed gratification, serveria...

Personally, I am not currently consuming my BTC, but I would imagine anyone who even invests around 2k euro per bi-weekly would likely be in a decent position for hooker, lambos and blow consumption with a 5-year investment timeline after their BTC purchases.. even though we know that the later that you get into BTC, then the more difficult it would be to get as much bang for the buck - and to the contrary, the earlier that you got in, the more that you can see that your BTC investment has paid off, especially compared with other assets, such as comparing to equities or gold.

Those of us who started our BTC investment 5 years or more earlier, surely would be in a decent position to be engaging in the consumption of hookers, lambo and blow, even in current times, seems like.

Let's just use a $2,250 per Bi-weekly (current exchange rate), and look back at where we would be today in terms of a five year investment into BTC as compared with gold and equities, using dcabtc.com.

I think that currently having 270BTC after 5 years of investing $2,250 every two weeks (adding up to $300k invested and $2.5million in current value) is surely in a decent set-up position to soon be going down the hookers, lambo and blow consumption.  7.5x investment is not a bad place to be, yet if we are attempting to be somewhat realistic, it would be difficult for anyone even to maintain $1,000 per month investing into BTC, unless they are reallocating and already decently well off.

By the way, from my own experience, I do appreciate that there are some folks who may have accumulated a decent investment portfolio in various assets over several years of their investing life, and maybe even accumulated $500k or $1million or more in terms of the size of their investment portfolio, and someone like that might want to be a bit more aggressive in term of their BTC allocation and even front loading and even appreciate having something like a $2,250 per day investment potential.

So, someone like that would maybe want to invest $100k into bitcoin and might want to invest $500 or $600 per day for the next 6 months in order to front load invest into BTC.  But if they just started out 6 months ago, even they would not yet have seen price appreciation of the value of their BTC portfolio, with around 12.2 BTC accumulated in order to help set themself up for future consumption of hookers, lambos and blow.

On the other hand, if they had put that same $100k value into bitcoin 5 years ago and spread that investment over 6 months, then they would have accumulated around 354 BTC, which might be pretty damned close to getting started in the consumption of hookers, lambo and blow (at least decently set up for such in the near future).

Bitcoin available in Australia post offices.

Bitcoin has been available at many post offices in the EU for years -> BTC Post offices

But if you want a real paradise for all crypto lovers come to Croatia and visit BitcoinStore, buy/sell crypto without any ID/KYC in the amount of 15000 HRK (2000 EUR) daily. If even that is not enough, hold your coins for at least 2 years after purchase and pay exactly 0% tax after sale

If I was croatian law enforcement, I would put a spy cam on that shop.

If someone is coming 10 times or more a year, start looking at how (s)he makes his/her money.

Are you with us or against us, aesma?    

Your post, aesma, caused me to look at the link one more time, and even though they are called "Bitcoin Store" they surely offer a lot of shitcoins, too (around 50 of them or so?).  Don't want to get into those shitcoin details, yet any member could peruse the "rate" link and see the numerous shitcoins that are being offered.

Seems the website portal has a $200 limit for purchasing without an account. I haven't tried the site at all though, just an observation.

Interesting "minor" detail that could either ruin dee moo or cause a party to prematurely poop.    

[El duderino_]

Had to boost paashaas for his continue updates in here .... always on point and always much work in those...

So merited a bit extra for forgotten times or when I was out...

Cheers

[El duderino_]

The dude saw bloodshot, dus enjoyed it...

The dude HODLs the dude abide

The dude goes HODLsleep

[fillippone]

By the way, from my own experience, I do appreciate that there are some folks who may have accumulated a decent investment portfolio in various assets over several years of their investing life, and maybe even accumulated $500k or $1million or more in terms of the size of their investment portfolio, and someone like that might want to be a bit more aggressive in term of their BTC allocation and even front loading and even appreciate having something like a $2,250 per day investment potential.

So, someone like that would maybe want to invest $100k into bitcoin and might want to invest $500 or $600 per day for the next 6 months in order to front load invest into BTC.  But if they just started out 6 months ago, even they would not yet have seen price appreciation of the value of their BTC portfolio, with around 12.2 BTC accumulated in order to help set themself up for future consumption of hookers, lambos and blow.

Getting in at the right time, is equally important of getting out at the right time.
I know that probably if I had known BTC 5 years ago, or more, or in 2009, I would have lost/spent/rage bought/rage sold/messed around way more than I actually did with my precious sats, more recently gained bought.
(Not that It wouldn't had ben the right thing to do, ask Laszlo).

[Krubster]

We just bounced off 9k. Is that what you call a double bottom? Vegeta thinks so.



Sorry for shit-posting, but I've just re-discovered photoshop after years not using it. I'm having a blast Let's hope this is the last time we see a Vegeta meme though.

[JayJuanGee]

I can see several incoming and outgoing transactions in my wallet stuck for like 10-12 hours already. Some of them are even 8-11mb from tip. Why is that? Mempool full?  

Looks like if you had not paid in the 8-10 satoshis per byte or more, then you might not have gotten processed in the past 12-16 hours.

https://jochen-hoenicke.de/queue/#1,2d

Likely to be a temporary blip and upsurge in the transaction fees..   Those kinds of increases in transaction fees (backlog in mempool) happen sometimes.

Edit:  I see that BitcoinGirl.Club has already answered the question.  That's what I get for being a slo po.  

[Krubster]

but really it is better NOT to get too much into the weeds in regards to shitcoin performance relative to bitcoin...

...other than to note that sh*coins are the "lungs" of bitcoin and one of the reasons that bitcoin has managed to grow sustainably over the last few years of its existence

This is why we see a continuous long term decline in dominance coupled with a sustained long term growth in price, because the octupus head needs tentacles that have the technical, monetary and commercial versatility to reach into the corners that the head doesn't, albeit that those tentacles may themselves not outlive the head, interchangeability being one of their strengths.

Shitcoins aren't part of the "foundation" of the crypto ecosystem. They are the distraction from it.

Totally agree.

[JayJuanGee]

- Global cases rises with 1m per week.

A "pandemic" of testing. (...for saline saliva).

Oh? I haven't heard that one before.  The increased testing is likely what is happening.  Increases in the numbers of infected persons and/or increases in deaths could not be actually happening, right?

Is the solution to decrease testing?  decrease reporting?  don't produce personal protective supplies or equipment?  Don't increase medical facilities or overflow capacity?

People are going to die sooner or later anyhow, so may as well just act either like Covid-19 does not exist or just carry on with business as usual because the infection rate, deaths, and hospitalizations are likely not as bad as it appears to be.

Carry on.   

[JayJuanGee]

but really it is better NOT to get too much into the weeds in regards to shitcoin performance relative to bitcoin...

...other than to note that sh*coins are the "lungs" of bitcoin and one of the reasons that bitcoin has managed to grow sustainably over the last few years of its existence

This is why we see a continuous long term decline in dominance coupled with a sustained long term growth in price, because the octupus head needs tentacles that have the technical, monetary and commercial versatility to reach into the corners that the head doesn't, albeit that those tentacles may themselves not outlive the head, interchangeability being one of their strengths.

Oh gawd... not you again?   

Haven't you found some better space to fantasize with your lame perspective, to the extent that you really believe that nonsense.

[JayJuanGee]

By the way, from my own experience, I do appreciate that there are some folks who may have accumulated a decent investment portfolio in various assets over several years of their investing life, and maybe even accumulated $500k or $1million or more in terms of the size of their investment portfolio, and someone like that might want to be a bit more aggressive in term of their BTC allocation and even front loading and even appreciate having something like a $2,250 per day investment potential.

So, someone like that would maybe want to invest $100k into bitcoin and might want to invest $500 or $600 per day for the next 6 months in order to front load invest into BTC.  But if they just started out 6 months ago, even they would not yet have seen price appreciation of the value of their BTC portfolio, with around 12.2 BTC accumulated in order to help set themself up for future consumption of hookers, lambos and blow.

Getting in at the right time, is equally important of getting out at the right time.
I know that probably if I had known BTC 5 years ago, or more, or in 2009, I would have lost/spent/rage bought/rage sold/messed around way more than I actually did with my precious sats, more recently gained bought.
(Not that It wouldn't had ben the right thing to do, ask Laszlo).

I think that in about the past year or so (maybe less than that), I started suggesting that people getting into BTC to start out with a minimum of a 4-5 year investment time horizon in mind because I had noticed that even if there had been a decent amount of front loading, many persons getting into BTC would likely be better off considering their BTC investment time horizon at least 4-5 years, if not longer.

Surely, there are going to be some folks who might be able to play this time horizon in shorter time frames without engaging in too much of a gambling approach, and surely sometimes blow off tops can become somewhat clear - even while most normies (and if you are not too elderly to have at least a 4-5 year time line) are likely going to be better off to allow a longer time line, including the playing out of a couple of BTC cycles.. to the extent that cycles might continue (and we have no real evidence that they are not going to continue in some kind of a way).

By the way, regarding Laszlo, I get the impression that he does not have regrets - even though anyone can proclaim that hindsight is 20/20, but there are a lot of earlier adopters who appreciated that spending of BTC was not a bad thing for the experimentations with bitcoin, and surely there are some early adopters who have learned to replace their spending of BTC too.

I will concede that with many many folks there is going to be a decent amount of "what if" thinking, so surely some of that is natural, and hopefully many people who are mature about their life decisions are going to be able to write those kinds of decisions off, and even appreciate that they made those kinds of decisions based on the best information that they had in front of them, at that particular moment.  Another thing is to attempt to learn from the past how to be more prepared in the present for what might happen in the future, and also to accept that mistakes are likely to be made, no matter what trade-offs might end up playing out on a personal level.