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

[Assmaster2000]

I feel like in the next few days we'll either have to continue going up or start to fall hard.
Let's hope for all us of that it continues going back up.

ETH will bounce around some more, but i wouldn't expect much more then +30% it feels toppy already.

Coin that went up 1,100% since Jan. 1

BTC on the other hand has plenty of room to grow. +100-300% in the coming year for bitcoin, wouldn't surprise me.

Coin that went up less than 50% since Jan. 1

@gogodr: Worst pone ever.

   

what?

Your waifu is shit.

[dumbfbrankings]

By the way, I bought my first coins at $1,200, and I continued to buy all the way down below $200 and to bring my average down.  I accumulated several coins in the lower $200s, and took reasonable precautions to sell on the way up above $250 and currently, then to buy back on dips.  Sure it has taken some nursing along the way, yet currently, my BTC portfolio is in really decent shape because I have BTC accumulated and fiat stacked within the portfolio.  Thus there are several ways to view and calculate cost per BTC to attempt to figure if your holdings are profitable.  Sure, yeah, maybe to be a purist, I should wait for $1,200 to cash out the coins that I bought at $1,200, but really that is not absolutely necessary in order to still have an overall financially profitable holdings and selling position based on the overall average cost of the investment.

I can relate to your trolling.      

There's a chance that not everyone who bought in at the very tippy top of the All Time High and spent the following three years trying to dig out is here to personally troll you, ya know?

[Spaceman_Spiff]

Good morning Bitcoinland.

Still battling over $580 I see.

Coiling for the next big leg up, presumably. Past $610 this time?

Hope so, don't know to what degree the bank holidays on BFX will affect price in the short term.

[dumbfbrankings]

The future is finally here.

Of course, it is. People must finally understand that blockchain space is a limited and valuable resource. You have to compete to get included. And compete even more to get included fast!

Good news! As Bitcoin's throughput is currently capped at less than 3.7 global tx per second... You don't have to compete to have your value transferred, there are now other options! Bitcoin can crawl slowly to its destiny of being high-powered central bank reserve settlement money... while general use and commerce can use something else. You see, while Bitcoiners battle each other in competition for inclusion, Bitcoin itself will be competing with other networks. Free markets ftw.

There will be no "fee event", as excess use cases can easily flow across the interwebs without competing for inclusion in a centrally planned artificial capacity quota! You won't even have to deposit and lock-up BTC in a payment channel that must stay continually connected to its monolithic hub partner. What a world!



https://medium.com/@lamassu/lamassu-announces-official-support-for-ethereum-9a4c1d8dc20b

[AlexGR]

The fastest and cheapest transaction fee is currently 50 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 11,300 satoshis (0.04$).


https://bitcoinfees.21.co/


The above applies both for a $1 tx, and a $10mn tx.... supposing one is in a rush and wants first block inclusion, otherwise its even lower.

If 0.04 fees are "settlement" layer stuff, then what are Western Union, Paypal and SWIFT fees that can be in the hundreds of dollars?

[dumbfbrankings]

The fastest and cheapest transaction fee is currently 50 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 11,300 satoshis (0.04$).


https://bitcoinfees.21.co/


The above applies both for a $1 tx, and a $10mn tx.... supposing one is in a rush and wants first block inclusion, otherwise its even lower.

If 0.04 fees are "settlement" layer stuff, then what are Western Union, Paypal and SWIFT fees that can be in the hundreds of dollars?

Yep, I always plan for future world domination by using utilization and price data from today. Top minds...

[JimboToronto]

1k Finex ask wall being nibbled, not pulled.

[JayJuanGee]

By the way, I bought my first coins at $1,200, and I continued to buy all the way down below $200 and to bring my average down.  I accumulated several coins in the lower $200s, and took reasonable precautions to sell on the way up above $250 and currently, then to buy back on dips.  Sure it has taken some nursing along the way, yet currently, my BTC portfolio is in really decent shape because I have BTC accumulated and fiat stacked within the portfolio.  Thus there are several ways to view and calculate cost per BTC to attempt to figure if your holdings are profitable.  Sure, yeah, maybe to be a purist, I should wait for $1,200 to cash out the coins that I bought at $1,200, but really that is not absolutely necessary in order to still have an overall financially profitable holdings and selling position based on the overall average cost of the investment.

I can relate to your trolling.    

There's a chance that not everyone who bought in at the very tippy top of the All Time High and spent the following three years trying to dig out is here to personally troll you, ya know?

Typical troll talk:  "There's a chance..."... Yeah right.... Do you know how to read, dumbfbrankings?  

Look at the troll (dumbfbrankings) trying to defend the other troll.  

[dumbfbrankings]

By the way, I bought my first coins at $1,200, and I continued to buy all the way down below $200 and to bring my average down.  I accumulated several coins in the lower $200s, and took reasonable precautions to sell on the way up above $250 and currently, then to buy back on dips.  Sure it has taken some nursing along the way, yet currently, my BTC portfolio is in really decent shape because I have BTC accumulated and fiat stacked within the portfolio.  Thus there are several ways to view and calculate cost per BTC to attempt to figure if your holdings are profitable.  Sure, yeah, maybe to be a purist, I should wait for $1,200 to cash out the coins that I bought at $1,200, but really that is not absolutely necessary in order to still have an overall financially profitable holdings and selling position based on the overall average cost of the investment.

I can relate to your trolling.    

There's a chance that not everyone who bought in at the very tippy top of the All Time High and spent the following three years trying to dig out is here to personally troll you, ya know?

Typical troll talk:  "There's a chance..."... Yeah right.... Do you know how to read, dumbfbrankings?  

Look at the troll (dumbfbrankings) trying to defend the other troll.  

Another astute observation Mr. Gee.

"Just because you're paranoid doesn't mean they're not after you."

[AlexGR]

The fastest and cheapest transaction fee is currently 50 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 11,300 satoshis (0.04$).


https://bitcoinfees.21.co/


The above applies both for a $1 tx, and a $10mn tx.... supposing one is in a rush and wants first block inclusion, otherwise its even lower.

If 0.04 fees are "settlement" layer stuff, then what are Western Union, Paypal and SWIFT fees that can be in the hundreds of dollars?

Yep, I always plan for future world domination by using utilization and price data from today. Top minds...

Well for someone who supposedly looks ahead, you aren't factoring much of the future landscape in terms of scaling solutions, pretending the current state will always be the same in the future.

[yefi]

the problem with beetcoin [sic] is [..] that you don't know if you have enough money with you to be able to get off the bus, because, unlike a bus, beetcoin [sic] doesn't ask for your fare to get on. It lets you on, but if you don't have enough change on you? Have fun riding the bus. For the rest of your life

Dynamic fees predict fare based on current demand. If demand increases in the interim from boarding to alighting, then RBF gives you the option to increase your fare. These mechanism mitigate the problem by and large.

[dumbfbrankings]

The fastest and cheapest transaction fee is currently 50 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 11,300 satoshis (0.04$).


https://bitcoinfees.21.co/


The above applies both for a $1 tx, and a $10mn tx.... supposing one is in a rush and wants first block inclusion, otherwise its even lower.

If 0.04 fees are "settlement" layer stuff, then what are Western Union, Paypal and SWIFT fees that can be in the hundreds of dollars?

Yep, I always plan for future world domination by using utilization and price data from today. Top minds...

Well for someone who supposedly looks ahead, you aren't factoring much of the future landscape in terms of scaling solutions, pretending the current state will always be the same in the future.

Yeah, I forgot about Segwit in April.  

[Remember a couple months ago when you would remind me how cheap it was at 25 satoshi/byte? I do.]

[Ted E. Bare]

Bitcoin Block Reward Halving Countdown:
Only 31 more days!

[Assmaster2000]

the problem with beetcoin [sic] is [..] that you don't know if you have enough money with you to be able to get off the bus, because, unlike a bus, beetcoin [sic] doesn't ask for your fare to get on. It lets you on, but if you don't have enough change on you? Have fun riding the bus. For the rest of your life

Dynamic fees predict fare based on current demand. If demand increases in the interim from boarding to alighting, then RBF gives you the option to increase your fare. These mechanism mitigate the problem by and large.

Yeah, that dynamic thing did some bombass predicting for Miss Coin:


I like some things in life to be as simple and idiot-proof as possible, money is one of them.
I do not care to be my own proctologist, my own brain surgeon, or my own bank. I do not want to think about opting into RBF (I have no idea how to even do that, how should Miss Bit done it from her wallet? Link?) and adjusting fees for that pack of smokes I'm buying, and when I pay for a beer, I don't want to worry about fat-fingering an extra digit or including unconfirmed inputs.

[becoin]

and when I pay for a beer, I don't want to worry about fat-fingering an extra digit or including unconfirmed inputs.

If you're an idiot you'd better let your government take care of you and your money.

[Assmaster2000]

and when I pay for a beer, I don't want to worry about fat-fingering an extra digit or including unconfirmed inputs.

If you're an idiot you'd better let your government take care of you and your money.

You wanna be your own practologist, banker and brain surgeon, you go right ahead.
Something tells me you did try your hand at self-brainsurgeoning, and it worked out ...well, let's just say you tried

Seriously tho, I don't want to be my own ditch digger, bankster or ass surgeon, for basically the same set of reasons: I'd rather pay someone else to do it, someone who's good at it.

That's the way society works, beecoin: I need my horse shod, I don't become my own blacksmith, I go to the village blacksmith, who's a wiz at it, because gets lots of practice.
Smithy, tho, he sucks at electronics. So when he needs some weird gear built, he comes to me. And then there's a baker, who backes better bread than me, and an ass doctor, who ...does whatever it is he does, etc., etc. Society! Learn how it works.

Oh, BTW, banksters are not teh gubermint. You nutters like to bitched about that.

[becoin]

and when I pay for a beer, I don't want to worry about fat-fingering an extra digit or including unconfirmed inputs.

If you're an idiot you'd better let your government take care of you and your money.

You wanna be your own practologist, banker and brain surgeon, you go right ahead.
Something tells me you did try your hand at self-brainsurgeoning, and it worked out ...well, let's just say you tried

Seriously tho, I don't want to be my own ditch digger, bankster or ass surgeon, for basically the same set of reasons: I'd rather pay someone else to do it, someone who's good at it.

It is like saying you'd rather pay someone to fuck your wife, someone who's good at it.
Seriously tho, you can't pay if you can't pay because you don't know how money is used.

[Assmaster2000]

and when I pay for a beer, I don't want to worry about fat-fingering an extra digit or including unconfirmed inputs.

If you're an idiot you'd better let your government take care of you and your money.

You wanna be your own practologist, banker and brain surgeon, you go right ahead.
Something tells me you did try your hand at self-brainsurgeoning, and it worked out ...well, let's just say you tried

Seriously tho, I don't want to be my own ditch digger, bankster or ass surgeon, for basically the same set of reasons: I'd rather pay someone else to do it, someone who's good at it.

It is like saying you'd rather pay someone to fuck your wife, someone who's good at it.
Seriously tho, you can't pay if you can't pay because you don't know how money is used.

Nah, I like fucking, so to have time for it & not have human females run away from me because covered in poo from my last attempt at being my own ass surgeon, I pay people to do the shit I don't like to do/ain't good at.
See?
It's as if I'm explaining basic earthling stuff to a martian, ffs

[Agaguk24]

Bitcoin is just bouncing around, as it has been doing for the past 2 years. Bitcoin is stuck with all possible evolution made impossible, a victim of its own success.

Some people will sell good alts and use fiat to attempt to catch the 15% rise left in this period, while missing out on the 100%+ you can get on active and evolved alts.

[Derek492]

Lol