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

[lightfoot]

Tribute to a great actor.

What shines...

I still think his greatest performance was as King Richard in Robin Hood (men in tights)

[PoolMinor]

Handled!

[philipma1957]

Tribute to a great actor.

What shines...

I still think his greatest performance was as King Richard in Robin Hood (men in tights)

i liked him in highlander and in the untouchables. 


r.i.p Sean

[Hueristic]

[lifeOK]

LOL to all the Bears who saw stocks dumping and shorted King Bitcoin as it heads to new all time highs.

 hope lasted less than 5 minutes, poor @proudhon 

Bitcoin broke the 2019 high and lasted just few minutes. I love it since it's very clear we will go up. Good part is this would be the highest monthly close of Bitcoin ever. Absolutely heartbreaking to watch such dump, however I want to know your thoughts if bitcoin breaks $14k again.

[UnDerDoG81]

I just received an sms to my German phone number with my correct name. Sender name was Ledger. They are telling me to update my ledger firmware due to serious vulnerability. Link is de-ledger dot Com

I know it's scam. Just googled it. But its worrying they know my real name, surename, phone number and that I own an ledger! My coins were on a paper wallet for 6 years and never had issues. Now moved them to the ledger to claim forks and get these kind of messages.

[UnDerDoG81]

LOL to all the Bears who saw stocks dumping and shorted King Bitcoin as it heads to new all time highs.

 hope lasted less than 5 minutes, poor @proudhon 

Bitcoin broke the 2019 high and lasted just few minutes. I love it since it's very clear we will go up. Good part is this would be the highest monthly close of Bitcoin ever. Absolutely heartbreaking to watch such dump, however I want to know your thoughts if bitcoin breaks $14k again.

14k usd resistance is at the same time 12k Euro resistance. Maybe that's why struggling.

[JimboToronto]

Good morning Bitcoinland.

Nice to see last year's high finally broken and $14k touched, however briefly... currently $13819USD/$18408CAD (Bitcoinaverage).

While we may test $13k again, I think the real battlefront is still $14k. We didn't have enough volume on this first little sortie to settle anything.

Once the battle for $14k is done we should really take off.

Go Bitcoin go.

[philipma1957]

Last 10 days

2020-10-21  12,584
2020-10-22  12,963
2020-10-23  12,914
2020-10-24  13,053
2020-10-25  13,077
2020-10-26  13,063
2020-10-27  13,446
2020-10-28  13,372
2020-10-29  13,321
2020-10-30  13,406


note pulled info from here


https://bitcointalk.org/index.php?topic=138109.msg55488187#msg55488187


As of the 30th of October 2020

there  have been 52 days at 12,584 or higher


best streak of over $ 12584 is 41 days.

2018-01-16  11,800


2018-01-15  13,875
2018-01-14  13,544
2018-01-13  14,233
2018-01-12  13,652
2018-01-11  13,593
2018-01-10  14,135
2018-01-09  14,703
2018-01-08  15,103
2018-01-07  16,397
2018-01-06  16,670
2018-01-05  15,982
2018-01-04  14,806
2018-01-03  14,960
2018-01-02  14,057
2018-01-01  13,373
2017-12-31  13,342
2017-12-30  13,148
2017-12-29  14,492
2017-12-28  14,158
2017-12-27  15,460
2017-12-26  15,342
2017-12-25  13,951
2017-12-24  13,525
2017-12-23  14,785
2017-12-22  13,441
2017-12-21  16,033
2017-12-20  16,724
2017-12-19  17,986
2017-12-18  18,634
2017-12-17  19,110
2017-12-16  18,430
2017-12-15  17,334
2017-12-14  16,351
2017-12-13  16,434
2017-12-12  16,854
2017-12-11  16,293
2017-12-10  14,233
2017-12-09  14,402
2017-12-08  15,285
2017-12-07  14,840
2017-12-06  12,664


2017-12-05  11,652


So we are at 10 and need to pass 41 days that is a while off.

[JimboToronto]

Last 10 days

2020-10-21  12,584
2020-10-22  12,963
2020-10-23  12,914
2020-10-24  13,053
2020-10-25  13,077
2020-10-26  13,063
2020-10-27  13,446
2020-10-28  13,372
2020-10-29  13,321
2020-10-30  13,406


note pulled info from here


https://bitcointalk.org/index.php?topic=138109.msg55488187#msg55488187


As of the 30th of October 2020

there  have been 52 days at 12,584 or higher

I always considered the Top 20 thread to be a sister thread to the Wall Observer from the days of Dree through Dooglas and now Yefi.

I always check out the WO first thing in the AM and the Top 20 before bedtime.

[jojo69]

[cAPSLOCK]

... for all the hype about paypal (it's a big nothing-burger)

I promise the WO I will stop fighting this fight after this post... but I just want, one more time, to say why PayPal is important.

It does not matter that it's a "Robinhood" implementation, is extremely imperfect etc.

That announcement by one of the worlds most important payment rails providers in FinTech was a shot across the bow to every financial services company in the world not to mention central banks and governments.  Businesses now are beginning to understand they have no choice but to start talking about how they will integrate bitcoin into their services. And some of them will do it better than others.  Because there is money to be made offering the kind of services people want. This is exactly how free markets work.  Trust the markets! 

Anyway... I will no longer respond to PayPal poo-pooing because even I am getting annoyed at myself.

[philipma1957]

I firmly believe someone is purposely manipulating the fees to send Bitcoin and is causing the client to estimate wrong as fuck.

Right now, my client is saying that a 60 minute send is priced the same as a 7-day send... Yesterday we hit a solid number of blocks that reduced the txid's, but still... the next block, 97,000 transactions.  

I'm calling bullshit.  Someone is putting bullshit traffic on the highway but charging $$ for the express lane basically.

Yeah I have a sticky thread that gives some explanation as to how it is done.

https://bitcointalk.org/index.php?topic=2634505.0


It is old from 2017

and I should update it as I could list many more ways big pools can do this.

It is the major reason I don't agree with BTC maximinalist's theory of coins.

oh last few blocks are

654894.  2.55 coin fee to Antpool
654893   2.62 coin fee to unknown
654892.  2.51 coin fee to unknown
654891.  2.58 coin fee to unknown
654890.  2.50 coin fee to unknown
654889.  2.66 coin fee to unknown

[BayAreaCoins]

I firmly believe someone is purposely manipulating the fees to send Bitcoin and is causing the client to estimate wrong as fuck.

Right now, my client is saying that a 60 minute send is priced the same as a 7-day send... Yesterday we hit a solid number of blocks that reduced the txid's, but still... the next block, 97,000 transactions.  

I'm calling bullshit.  Someone is putting bullshit traffic on the highway but charging $$ for the express lane basically.

Yeah I have a sticky thread that gives some explanation as to how it is done.

https://bitcointalk.org/index.php?topic=2634505.0


It is old from 2017

and I should update it as I could list many more ways big pools can do this.

It is the major reason I don't agree with BTC maximinalist's theory of coins.

I deleted that comment because Bitcoin functionality isn't really related to the price, but thank you for the link.

I'll read it for sure.

[JayJuanGee]

Bitcoin killin' it

Bitcoin Cash being killed (0.0189)

Lovin' it!

Are you referring to bcash...

Seems misleading to use the word bitcoin to refer to projects that are not tied to bitcoin... of course, we could say bitcoin lightning or bitcoin liquid or use the term "bitcoin" to refer to some project that is specifically pegged to bitcoin.

There is a project out there called bcash sv, and there are a lot of people who like to refer to that project with the name bitcoin contained therein, which is quite misleading, too... by the way, where has been our lil buddy, jbreher, one of the bcash sv proponents who has been lecturing us upon the inevitable blockalypse coming to bitcoin and his proclamations that bcash sv might be able to play a role in rescuing bitcoin from such hypothesized calamities?


 a wwwwweeeeeee   lil reckt picnic bear?

 

Don't go away.. we likie uie so muchie... especially if you would admit that you are and were wrong.. which does NOT seem to be too likely to happening.   

[philipma1957]

I firmly believe someone is purposely manipulating the fees to send Bitcoin and is causing the client to estimate wrong as fuck.

Right now, my client is saying that a 60 minute send is priced the same as a 7-day send... Yesterday we hit a solid number of blocks that reduced the txid's, but still... the next block, 97,000 transactions.  

I'm calling bullshit.  Someone is putting bullshit traffic on the highway but charging $$ for the express lane basically.

Yeah I have a sticky thread that gives some explanation as to how it is done.

https://bitcointalk.org/index.php?topic=2634505.0


It is old from 2017

and I should update it as I could list many more ways big pools can do this.

It is the major reason I don't agree with BTC maximinalist's theory of coins.

I deleted that comment because Bitcoin functionality isn't really related to the price, but thank you for the link.

I'll read it for sure.

I look at this from a different viewpoint then most on the thread.

Now every Oct 15th China rainy season ends.  

Power goes from 2-3 cents to 4-6 cents.

Gear turns off ,so big Chinese players try to  max pump the  diff one jump early which they did as oct 17 jump was to all time high.

19.997. Now turn off all your shit gear from OCT 17 to OCT 31

and guess what happened blocks drop from 144-150 a day to 122 a day this makes blocks 22% slower and jacks fees.

Next flood lots of low fee whitelisted transactions.  Ie send 0.0001 pay 0.000001 send it to your own addresses white list on a pool that does not give out tx fee money.

So your big pool (ant pool) grabs the shit fees it sent out and it grabs high fees from normal non-whitelisted people.

In three days when jump happens the blocks will go to 144-150 and problem will end.

No matter how much people may only want BTC and not other coins they can't stop fee manipulation like I am describing .

Bitmain also does this to force other coins to exist.  I can send 2,000,000 doge for 2 doge and you get it in under 10 minutes

Do I like this no. I also don't like aging and dying.

  But I am pretty much powerless to stop the fee tricks done by big pools.
Just like I can't stop aging and dying process.
Or sun rising and setting.

[cAPSLOCK]

Bitcoin killin' it

Bitcoin Cash being killed (0.0189)

Lovin' it!

Are you referring to bcash...

Seems misleading to use the word bitcoin to refer to projects that are not tied to bitcoin... of course, we could say bitcoin lightning or bitcoin liquid or use the term "bitcoin" to refer to some project that is specifically pegged to bitcoin.

There is a project out there called bcash sv, and there are a lot of people who like to refer to that project with the name bitcoin contained therein, which is quite misleading, too... by the way, where has been our lil buddy, jbreher, one of the bcash sv proponents who has been lecturing us upon the inevitable blockalypse coming to bitcoin and his proclamations that bcash sv might be able to play a role in rescuing bitcoin from such hypothesized calamities?


 a wwwwweeeeeee   lil reckt picnic bear?

 

Don't go away.. we likie uie so muchie... especially if you would admit that you are and were wrong.. which does NOT seem to be too likely to happening.   

Well we are certainly standing on the threshold of the doorway that either makes his claims valid or dashes them. The fee market is lit up like a XMAS tree and the mining death spiral(tm) is going strong.

This is the moment the big blockers have been waiting for.

So...

[Biodom]

So far I was able to send tx only when I wanted for, at most 30c (7-8sats/byte) or so.
However, soon I would have to send a payment and if it is $15 (as it is currently projected), it would be somewhat annoying.
Now, picture the "enthusiasm" at 30K btc and imagine a fee then.
I am somewhat bewildered that almost nothing was done to alleviate this in 2017-2020 except a slow LN rollout.
It is entirely possible that paying with "onchain" btc will soon be a fools errand (for $100 size tx).
Maybe this is what Paypal aims at.
One component is missing, though, which is the ability to "fund' your paypal account with pre-existing btc.
I am not sure what I will use in the future, LN, paypal, Strike, etc, but i sure as heck would not be paying $15/tx, hopefully, unless btc moves into "state savings" domain and is at $1mil/btc or above.

[cAPSLOCK]

So far I was able to send tx only when I wanted for, at most 30c (7-8sats/byte) or so.
However, soon I would have to send a payment and if it is $15 (as it is currently projected), it would be somewhat annoying.
Now, picture the "enthusiasm" at 30K btc and imagine a fee then.
I am somewhat bewildered that almost nothing was done to alleviate this in 2017-2020 except a slow LN rollout.
It is entirely possible that paying with "onchain" btc will soon be a fools errand (for $100 size tx).
Maybe this is what Paypal aims at.
One component is missing, though, which is the ability to "fund' your paypal account with pre-existing btc.
I am not sure what I will use in the future, LN, paypal, Strike, etc, but i sure as heck would not be paying $15/tx, hopefully, unless btc moves into "state savings" domain and is at $1mil/btc or above.

As has been said so often... For Bitcoin to remain trust minimized there is no choice but for fees to rise.

This either breaks Bitcoin, or the market finds a way around the issue.  Second layers are appearing... LN, Liquid, and trusted bitcoin "banks" like Square.

Rubber meet road.

[Toxic2040]

Happy Samhain one and all

Blessed be

-----


#dyor
1h


4h

#làmhan làidir