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

[Phil_S]

dropped my phone in soup

Pretty sure this is a euphemism

He's in Asia. Soup everywhere. You drop something, 53% it lands in soup.

[Yaplatu]

 

[d_eddie]

A few days of leave, and I'm stuck playing catch-up again. It's been since Thursday-Friday. It seems like nothing happened, and yet I've got some 15 pages. It's like a job, for Korn's sake!

Anything important I should check out?

[El duderino_]

Zoom out to the 1 year view and relax

To be absolutely fair, though, there has been a lot of work done since Feb 2018 with increasing SegWit and transaction-batching being used.

I'm not going to say we're never going to see numbers as high as Feb 2018 again, but I suspect it may not happen for a number of years.

common BOB do not turn to bearish on us ...... always in need of SOLID BULLS 

[Last of the V8s]

https://bitcoinist.com/vaneck-bitcoin-etf-concerns-sec/
shrug

[El duderino_]

common BOB do not turn to bearish on us ...... always in need of SOLID BULLS 

Was not intended to be a bearish statement. Just attempting an objective look at the technical underpinnings of the rally mempool in retrospect.

It was a perfect storm, really.

BUT still i don’t see it taking years.

Offcourse my seeing of things going hand in hand with hoping...... 

[JayJuanGee]

common BOB do not turn to bearish on us ...... always in need of SOLID BULLS  

Was not intended to be a bearish statement. Just attempting an objective look at the technical underpinnings of the rally mempool in retrospect.

It was a perfect storm, really.

EDIT: And to clarify that last point, the overall Bitcoin Network and Exchanges were not widely utilizing SegWit or transaction batching during the Dec-Feb rally, which exacerbated the issues with the mempool growing as it did. Exchanges are, for the most part, up-to-date with best-practices, and we should not have that massive scale of a backlog, unless Bitcoin transactions/usage dramatically increases (I'm talking at least by an order-of-magnitude present daily average volume).

Also, Lightning network adoption is steadily increasing for micropayments, and that shit's off-chain anyway once you lock in your funds.

Regarding spam attacks and clogging of the mempool, I doubt that exchanges fixing their shit was the only explanation for why such mempool clogging took place last December 2017/January 2018.  

I think that there is decent evidence that a spam attack was occurring during that period, and if there is enough financial motivation to continue such spam attack, then I don't see why it would not happen again...

A question remains about whether anyone feels it is in their interest to spend as much as is needed to engage in such spam attack again... financial incentive seems to be the main question rather than whether it is possible to again spam attack the bitcoin network.

 I speculate such spam attacks will again happen towards the bitcoin network (and maybe they will last 1-2 months?), and it seems to be a matter of when rather than if.

[Last of the V8s]

The janitor not only did not rise from his seat when he passed, but never even glanced at him, as if only a fly had flown through the reception-room.

I literally just read that story while attempting to find a larger version of Searing's avatar.  Wow.

[StartupAnalyst]

[d_eddie]

Haha you ain’t talking about me i guess  

Its just you and me left Mic.  The last bulls left standing in the WO.  Bitcoin is pushing hard out from under the bear triangle.  Go Bitcoin Go !

Not quite the only ones. I've closed all my short positions. It's too unstable now and it feels like gambling no matter how much thought one puts into it.

[goldkingcoiner]

Haha you ain’t talking about me i guess  

Its just you and me left Mic.  The last bulls left standing in the WO.  Bitcoin is pushing hard out from under the bear triangle.  Go Bitcoin Go !

Not quite the only ones. I've closed all my short positions. It's too unstable now and it feels like gambling no matter how much thought one puts into it.

I bet my third testicle that there will obviously be a some kind of long hunt just before we go into the sky. I set a limit order at 6280. Might be low balling it though...

[El duderino_]

Haha you ain’t talking about me i guess  

Its just you and me left Mic.  The last bulls left standing in the WO.  Bitcoin is pushing hard out from under the bear triangle.  Go Bitcoin Go !

Not quite the only ones. I've closed all my short positions. It's too unstable now and it feels like gambling no matter how much thought one puts into it.

when hairy's going BULLISH then BOB is going little more BEARISH, this sideways boringness= F***ing things up    

[El duderino_]

A few days of leave, and I'm stuck playing catch-up again. It's been since Thursday-Friday. It seems like nothing happened, and yet I've got some 15 pages. It's like a job, for Korn's sake!

Anything important I should check out?

yeah 15 pages and still couldn't measure V8 a HAT, can't change a MAN of principles ( but the hat phobia changed something, he keeps changing of avatar nowadays) 

BTC only had 50$ ish movements so yeah nothing to special could happen right? 

[El duderino_]

#HODL
#BULLUSH
#LONGTERM-BTC-BELIEVER

[Last of the V8s]

It's time.

[Last of the V8s]

It wasn't time.

[jbreher]

I think that there is decent evidence that a spam attack was occurring during that period, and if there is enough financial motivation to continue such spam attack, then I don't see why it would not happen again...

I dunno... Now with SegWit locked in, Core no longer has reason to 'incentivize' others via the clog-spamming of the network.

(It's a reasonable possibility)

[goldkingcoiner]

OH Bitcoin, my sweet baby boy! What have they done to you? You don't move up or down, you spend your days on sitting on a plateau. Have you been smoking the dope? get up, fall down, do something!

[Last of the V8s]

https://twitter.com/econoar/status/1054785269843415040?s=21

same shit as Gemini's coin
asshats

[HairyMaclairy]

Over the past 24 hours, the bears attacked $6350 and were repulsed.  A small bull victory, but a victory for the bulls none the less.

As long as $6350 holds I am bullish.