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

[jojo69]

Bitcoin is doing precisely what it is supposed to do; secure my, and your, and everyone here's wealth in a secure, decentralized, deflationary vehicle...I have never said anything other.

It is NOT, in its current form, a suitable, day to day, means of exchange, and there is a vacuum, and an opportunity.

Will that opportunity be picked up by the lightening network?  Perhaps...if it is ready soon, perhaps it will, if not that opportunity will fall to a competitor.

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[sirazimuth]

You are very gracious.  

In other news I would like to express my disappointment at the rising BTC price. I have put a lot of effort into a bear market strategy over the past week that doesn’t require shorting and am now ready to go.  And the bloody price is rising and I’m twiddling my thumbs!  

Of course I’m long BTC and delighted but I really did want to test it out....

Dont mess with the honey badger..you know better!

[HairyMaclairy]

Bitcoin is doing precisely what it is supposed to do; secure my, and your, and everyone here's wealth in a secure, decentralized, deflationary vehicle...I have never said anything other.

It is NOT, in its current form, a suitable, day to day, means of exchange, and there is a vacuum, and an opportunity.

Will that opportunity be picked up by the lightening network?  Perhaps...if it is ready soon, perhaps it will, if not that opportunity will fall to a competitor.

Bitcoin has the development effort behind it. It is going to smash it out of the park this year.

[the artful bodger]

https://twitter.com/cryptovenus/status/954483855364378624

Interesting retweet type thing. Bitmain is off abroad with a vengeance. I wonder where they'll end up fully spreading to.

Probably somewhere freezing cold like the North pole.

[jojo69]

Bitcoin has the development effort behind it. It is going to smash it out of the park this year.

I certainly hope so

[the artful bodger]

The bottleneck in the 100-120bytes per sat has cleared up in the mempool. That is good news. https://dedi.jochen-hoenicke.de/queue/more/#24h

Is that why the ideal fast confirmations fee bitcoinfees.earn.com recommends has dropped by 70 satoshis/byte?

[Torque]

Bitcoin has the development effort behind it. It is going to smash it out of the park this year.

I certainly hope so

Oh no we can't have that. Otherwise what will the BCash and shitcoin shills troll us with?

[bones261]

The bottleneck in the 100-120bytes per sat has cleared up in the mempool. That is good news. https://dedi.jochen-hoenicke.de/queue/more/#24h

Is that why the ideal fast confirmations fee bitcoinfees.earn.com recommends has dropped by 70 satoshis/byte?

Yes, most definitely.

[the artful bodger]

The bottleneck in the 100-120bytes per sat has cleared up in the mempool. That is good news. https://dedi.jochen-hoenicke.de/queue/more/#24h

Is that why the ideal fast confirmations fee bitcoinfees.earn.com recommends has dropped by 70 satoshis/byte?

Yes, most definitely.

Is there any particular reason the bottleneck in the 100-120 bytes per sat range has cleared up?

Bitcoinfees.earn.com has dropped its recommended fee further down to 390 satoshis/byte since my last post.

[HairyMaclairy]

Bitcoin has the development effort behind it. It is going to smash it out of the park this year.

I certainly hope so

Oh no we can't have that. Otherwise what will the BCash and shitcoin shills troll us with?

Competition between second layer solutions could be robust.

[HairyMaclairy]

The bottleneck in the 100-120bytes per sat has cleared up in the mempool. That is good news. https://dedi.jochen-hoenicke.de/queue/more/#24h

Is that why the ideal fast confirmations fee bitcoinfees.earn.com recommends has dropped by 70 satoshis/byte?

Yes, most definitely.

Is there any particular reason the bottleneck in the 100-120 bytes per sat range has cleared up?

Bitcoinfees.earn.com has dropped its recommended fee further down to 390 satoshis/byte since my last post.

Given that 140 sats is consistently clearing, 390 sats is grossly overpaying. You really need to judge your own fees.  Just pick a level that is currently consistently clearing. I  would be very comfortable with getting into the next block with 195 sats right now.

[the artful bodger]

The bottleneck in the 100-120bytes per sat has cleared up in the mempool. That is good news. https://dedi.jochen-hoenicke.de/queue/more/#24h

Is that why the ideal fast confirmations fee bitcoinfees.earn.com recommends has dropped by 70 satoshis/byte?

Yes, most definitely.

Is there any particular reason the bottleneck in the 100-120 bytes per sat range has cleared up?

Bitcoinfees.earn.com has dropped its recommended fee further down to 390 satoshis/byte since my last post.

Given that 140 sats is consistently clearing, 390 sats is grossly overpaying. You really need to judge your own fees.  Just pick a level that is currently consistently clearing. I  would be very comfortable with getting into the next block with 195 sats right now.

That website's recommended fee is extremely high because it's guaranteed to get into the next block. It gives a whole range of fees with probabilities of confirmation times.

Sometimes confirmation is so urgent I am prepared grossly overpay to guarantee a place in the next block. If it's not urgent I go for one of the cheaper lower probability fees.

[bones261]

The bottleneck in the 100-120bytes per sat has cleared up in the mempool. That is good news. https://dedi.jochen-hoenicke.de/queue/more/#24h

Is that why the ideal fast confirmations fee bitcoinfees.earn.com recommends has dropped by 70 satoshis/byte?

Yes, most definitely.

Is there any particular reason the bottleneck in the 100-120 bytes per sat range has cleared up?

Bitcoinfees.earn.com has dropped its recommended fee further down to 390 satoshis/byte since my last post.

Given that 140 sats is consistently clearing, 390 sats is grossly overpaying. You really need to judge your own fees.  Just pick a level that is currently consistently clearing. I  would be very comfortable with getting into the next block with 195 sats right now.

Yes, I typically use this web page to pick my own fee. https://dedi.jochen-hoenicke.de/queue/more/#24h Only risk is if suddenly there is a massive influx of transactions, or the network experiences some bad luck. You never know when someone may decide to "stress test" the Bitcoin Mempool.

[lightfoot]

https://twitter.com/cryptovenus/status/954483855364378624

Interesting retweet type thing. Bitmain is off abroad with a vengeance. I wonder where they'll end up fully spreading to.

Why stay in a country that doesn't want you.

[Deeyoh]

You are very gracious.  

In other news I would like to express my disappointment at the rising BTC price. I have put a lot of effort into a bear market strategy over the past week that doesn’t require shorting and am now ready to go.  And the bloody price is rising and I’m twiddling my thumbs!  

Of course I’m long BTC and delighted but I really did want to test it out....

Keep jinxing your strategy

[jojo69]

catching a bid?

[HairyMaclairy]

You are very gracious.  

In other news I would like to express my disappointment at the rising BTC price. I have put a lot of effort into a bear market strategy over the past week that doesn’t require shorting and am now ready to go.  And the bloody price is rising and I’m twiddling my thumbs!  

Of course I’m long BTC and delighted but I really did want to test it out....

Keep jinxing your strategy

For fucks sakes the price keeps going straight up !  This is a complete write off !  

This isn’t costing me anything - my stash is earning a lot of money. But it’s extremely frustrating !   


Also my alts are starting to bend as oxygen flows towards BTC. 

[jojo69]

[the artful bodger]

Nice jump. Woo !

I wasn't expecting $12500 in an instant. That was an extremely fast pump.

[Rosewater Foundation]

Ok, ok. I get it now. Hodl.

Ok.