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

[hisslyness]

mempool seems to be dropping.. those extra miners philipma1957 switched on worked! we are currently 11% ahead of schedule!!

Seems those stupid ordinals are filling up the blocks. Check block #776844. Fee range from 1,000,000SAT to 1,800,000SAT or $244.00 - $440.00USD

Play silly games you get silly prizes!

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[psycodad]

Funny, an amateur radio balloon went missing/dark between Alaska and Canada last week:

..
There is speculation that at least one of the objects shot down over Canada, Yukon by a US Air Force jet may have been amateur radio pico balloon K9YO-15 which was launched from Illinois on October 10 2022. It was on it's seventh circumnavigation of the globe after being aloft for 123 days.
..

The highly sophisticated spy gears were like this (oversimplified schematics ofc):



That's pretty literally shooting sparrows with cannons.

[Torque]

R.I.P.

Raquel Welch



I remember her in 1,000,000 B.C.

like it was yesterday.

trailer for the movie below

https://www.youtube.com/watch?v=gSYmJur0Npw

 I can't believe it.  She always looked so much younger than her age that I thought she'd live to be 100.

If you look at photos of her online from the last 2 years, it looks like time miraculously caught up with her. Something really strange happened there.

She will always be remembered as the bombshell though.

[ChartBuddy]

Explanation

[El duderino_]

Hey……. Pssss….

[JimboToronto]

Good morning Bitcoinland.

I see another AYH. How pleasant.

$25k soon?

Edit: That didn't take long.

[dragonvslinux]

Good morning Bitcoinland.

I see another AYH. How pleasant.

$25k soon?

Looking at Coinbase, has already been claimed

[ChartBuddy]

Explanation

[OROBTC]

...

Just when The Dude showed the green candle, BTC crosses $25,000.  Go BTC, go!

[bullrun2020bro]

BREAKING: BITCOIN 25K!  

[ivomm]

23K!

25K!

[shahzadafzal]

23K!

25K!

Chopper time almost!!!

[El duderino_]

[shahzadafzal]

Hahaha I guess these perks are only for bitcoiners... we enjoy every rise and fall over and over again.

[philipma1957]

weekly dca stats

X equals fiat units.


BTC dca
nov 04 >>>>>> 01x
nov 11  >>>>>>  02x
nov 18  >>>>>    03x
nov 25 >>>>>    04x
dec 02 >>>>>    05x
dec 09 >>>>>    06x
dec 16 >>>>>     07x
dec 23  >>>>       08x
dec 30 >>>>>     09x
jan 06  >>>>>     10x
jan 13  >>>>>      11x
jan 20  >>>>>      12x ended my Friday 1x fiat dca

Jan 25 >>>>>      14x began my 2x weds fiat dca
Feb 01 >>>>>       16x
Feb 08>>>>>       18x
Feb 15>>>>>        20x


I also purchased 4x+4x+4x  at 15.7 15.9 16.1 back in November 2022


So My coin purchases have been 32x of fiat since nov 2022

As JJG suggested I am keeping these numbers separate from my mining earnings and gear purchases.

My goal will be a minimum of 200x units of purchased btc so I have 168x to go or 84 weeks of dca.

[BountyProgram]

BTCitcoin is up nearly 50% in 2023

[goldkingcoiner]

Good morning Bitcoinland.

I see another AYH. How pleasant.

$25k soon?

Looking at Coinbase, has already been claimed

I would not listen to anything Coinbase says. The CEO spread FUD to drive down the price and it turned out to be completely out of context (SEC was only cracking down on Kraken due to their scheme, which was built on top of the staking system. It had nothing to do with real staking.).

I think the CEO of Coinbase knew that. I think he used the chance to spook people into selling during an obvious pump.

NEVER TRUST A CENTRALIZED EXCHANGE!

[shahzadafzal]

Satoshi Nakamoto 14 years ago today

[ChartBuddy]

Explanation

[JayJuanGee]

GM........

......To drive some "unscalable blockchain" narrative, like "bitcoin may bloat up in size and slow down to halt s00n"-like stuff?
Just wondering.

Tick tock, next block.

Bitcoin gives no shits.

A new block every 10 minutes, give or take 5 minutes.


& GM to uie-pooie too.

...Well, I found out why the blockchain is clogged up with so many UTXOs that otherwise seem to have no function...  Ordinals/inscriptions.  Examples (these two aren't bad, but a lot of stupid stuff being posted):
https://ordinals.com/inscription/625d1f451777031065aaf1530ec7aecf5e4885f3b0c06b9fc5dbbc6aaf439d0di0  <== Bill Gates soon?
https://ordinals.com/inscription/fdad3bc7513e5522e3fbf69f5c03085df489fc7e27881c7ba64f7cadc5c6dccci0  <== a newspaper headline
https://ordinals.com/inscriptions  <== inscriptions explorer
I would (likely) be against ordinal inscriptions, as they do seem to slow things down, and Bitcoin's blockchain's best and highest value is for moving money.  IMO.
Edited for errors, geez that took a while...

I had to deposit some corn into Kraken yesterday. Was scared from what I saw on https://jochen-hoenicke.de/queue/.
At the end I paid a fee of ~$0.35 (@ 7sat/vb) to move ~0.2 BTC within 15minutes.
IMO this whole ordinal crap just lifted the base fee from 1sat/vb to 5-10sat/vb which is still incredibly cheap for what it is.
Me thinks it looks like the whole fee-market-mechanic built into Bitcoin is working as intended.

Even if mempool is having a huge queue right now, it is almost exclusively 1sat/vb transactions, pay a little more and things are as fine as they were before ordinals came along.
<thisisfine.jpg>

Exactamente...   A big nothing burger... those getting worked up about it are attacking bitcoin from my point of view... .. when believing there is some kind of "urgent" need to fix something (or to even think about fixing something) that is not a problem.. not broken.