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

[El duderino_]

Bitcoin is dumping.
Mufasa not dancing now.
Friday must turn green.

[BobLawblaw]

Oooh weee. Just got filled at $49,250, AND IT FEELS SOO GOOD!!!
EDIT: $49,000 filled... OH BABY!!!

$48,750 & $48,500 filled!!! Holy...
EDIT: Lulz. Gemini is down.

[NotATether]

I know a lot of you in here probably got a bunch of newfound wealth in recent months, even though 1BTC = 1BTC no matter what, but damn.. Never thought I'd see so many people oppose an increased tax to people who declare over $1m CAP GAINS a year. Happy friday WO.

....aaaaand we're at $49K. I'd buy some but I'm entirely BTC denominated already

Seriously though, fuck increased taxes. When was the last time gov did anything useful with them?

[Arriemoller]

How long does a transaction stay in the mempool?
I payed way to little and now I'm not getting any confirmations.

[Biro Bob]

Ouch! I know we’re up in general but this dip really makes the eyes water. Even if Bob is cheering buying at $49k... I know he’s crying at the bottom line.

[serveria.com]

Haven't sold anything yet. Looks like a perfect bulltrap. Stop whining and get back to hodling/buying!  

[OutOfMemory]

How long does a transaction stay in the mempool?
I payed way to little and now I'm not getting any confirmations.

Not a good time for low fee confirmations transactions.

Consider using one of these?
https://www.reddit.com/r/Bitcoin/comments/jpa4v1/best_bitcoin_transaction_accelerator/


Feels good to unfollow WhaleCalls on twitter, it totally cluttered the wall/timeline lately.

EDITed because of half-sleep

Ouch! I know we’re up in general but this dip really makes the eyes water. Even if Bob is cheering buying at $49k... I know he’s crying at the bottom line.

I guess you're wrong 

[Parazyd]

How long does a transaction stay in the mempool?
I payed way to little and now I'm not getting any confirmations.

RBF. Pamp it.

[serveria.com]

How long does a transaction stay in the mempool?
I payed way to little and now I'm not getting any confirmations.

It depends. It can stay there for weeks and then get confirmed. 

[Hueristic]

Funny how people cry like little girls when there is a slight bump in the road when there are people like this guy who have been stranded for the entire Corn winter.

https://www.youtube.com/watch?v=1zD-KjuGuiM

[somac.]

Looks like we'll be getting to that 30% correction.

[NotATether]

How long does a transaction stay in the mempool?
I payed way to little and now I'm not getting any confirmations.

Wait until the time becomes exactly on the hour (1:00:00, 2:00:00 and so on) and then paste your txid into ViaBTC's transaction accelerator so they can put it in one of their blocks.

You have to submit it quickly because they only take the first 100 for free and the service is spammed to death, so it runs out of free slots after a few minutes.

Some guy did that for a transaction of mine, works better than all the on-forum services of the same available.

Don't RBF unless paying 200+sats/vbyte fees won't hurt you.

[Arriemoller]

How long does a transaction stay in the mempool?
I payed way to little and now I'm not getting any confirmations.

Not a good time for low fee confirmations transactions.

Consider using one of these?
https://www.reddit.com/r/Bitcoin/comments/jpa4v1/best_bitcoin_transaction_accelerator/


Feels good to unfollow WhaleCalls on twitter, it totally cluttered the wall/timeline lately.

EDITed because of half-sleep

Ouch! I know we’re up in general but this dip really makes the eyes water. Even if Bob is cheering buying at $49k... I know he’s crying at the bottom line.

I guess you're wrong 

Thanks, I'll look into that when I wake up.
Now I'm gonna go to bed and sleep all day.

[Arriemoller]

How long does a transaction stay in the mempool?
I payed way to little and now I'm not getting any confirmations.

Wait until the time becomes exactly on the hour (1:00:00, 2:00:00 and so on) and then paste your txid into ViaBTC's transaction accelerator so they can put it in one of their blocks.

You have to submit it quickly because they only take the first 100 for free and the service is spammed to death, so it runs out of free slots after a few minutes.

Some guy did that for a transaction of mine, works better than all the on-forum services of the same available.

Don't RBF unless paying 200+sats/vbyte fees won't hurt you.

Thanks, I'll do that.

[marcus_of_augustus]

Well full title is "Biden to propose capital gains tax of 39.6% to fund education and child care, reports say". So your question is how Biden lovers here can love him when he proposes to raise taxes on top 0.3% of millionaires to fund education and child care?

... mmm, why can't you just think of the children!!!???


... the original income tax Act that was bought in at same time as the Federal Reserve Act was specifically for only the very highest income earners and politicians swore black and blue it would only ever be a tax for the very richest .... today everybody pays income taxes.


... this thing has got legs because the actual power behind Biden is not the wealthy elite but the powerful statists inside government that had him installed in a fraudulent election they signed off on. Police States do weird and wonderful things, the roller coaster has reached the top of the climb, it gets freaky from here on out as we freewheel into full governmental insanity.

So the argument against the tax that'd benefit lower 99.7% by making top 0.3% of population (which constantly sees its wealth increase disproportionally to the rest) pay higher tax is that it's a gateway drug tax? First them then everyone else?

In 1978, the top 0.1% owned about 7% of the nation’s wealth. In 2019, the latest year of data available, they own nearly 20%.

https://www.theguardian.com/commentisfree/2021/mar/29/rich-poor-gap-wealth-inequality-bernie-sanders

Guessing currently it's probably around 25% after this stellar year of ATH markets during the pandemic. I pick my battles and i got better things to do than standing up for the top 0.3%

If you don't see the issue with current distribution of wealth, is there a point at which you believe it would become an issue? Would you be fine with top 0.1% owning 30% of all of the wealth?  50%? But i'm glad to know that when i'm ready to withdraw millions in cap gains/yr that there'll always be a lot of poor (to me) people helping me protect my gains against their own best interests. Just hope that by then i won't have to drive in armored vehicle with armed guards between my gated community and my yacht club.

... no you dense muppet,  everyone can see the issue with the vast disparity of wealth distribution but there is zero evidence that more and more taxes and wasteful government spending does anything to alleviate it.

in fact, the stats you posted show that things have gotten worse since 1970, a time of increasing taxes and spending ... misdiagnosing the issue and prescribing the same dumb things that haven't worked in the past will in all probabilities make things worse ... but I mean you can't even see what the stats that you posted imply, you seem to be so blinded by the tax and spend ideology

...we should all know on this forum of all places that the wealth distribution problems are due to inflationary, elastic money supply, and have nothing, or very little, to do with taxing rates and wasteful government spending ... you are just falling for the statist FUD and obfuscation if you think all the economic disparities and problems in society are somehow divorced from a radically mismanaged monetary regime ... the rich are getting richer because the monetary supply is expanding, it's as simple as that.

... more taxes can never fix what command and control money supply has broken

[El duderino_]

But but.... @marcus... where is the corn going @?

Actually for BTC also last every month we have had some pullbacks, maybe this is the new normal for a while?

https://twitter.com/knutsonjesse/status/1385392703853060096?s=21

https://twitter.com/wclementeiii/status/1385332498608046082?s=21

[bct_ail]

Haven't sold anything yet. Looks like a perfect bulltrap. Stop whining and get back to hodling/buying!  

Bulltrap or Beartrap? In which Phase are we yet? 

[Parazyd]

Haven't sold anything yet. Looks like a perfect bulltrap. Stop whining and get back to hodling/buying! 

Bulltrap or Beartrap? In which Phase are we yet? 

We're in the maths & science phase.

[ivomm]

Looks like we'll be getting to that 30% correction.

So far a 25% correction at 48 338$. Is this all the bears can do? Are they out of ammo? Because if so, this will hurt them a lot in the next weeks. Below 50K is too attractive to remain longer than a couple of hours.

[podyx]

It looks like we're heading down to $35k-$40k