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

[jbreher]

Blah blah blah larger block blah blah

You have bcash and bsv with larger blocks, go there you have options. What part of we don't want larger blocks is so hard to comprehend

Yeah, I get it. But some here seem utterly oblivious to the consequences thereof.

[jbreher]

Everybody discussing walls and prices ... bear shows up and shit dumps a bunch of bcash shitposts 

Moi?

In what way is discussing the limitations inherent in the condition of persistently full blocks relevant to Bitcoin Cash? It ain't. Neither BCH nor SV have any concern about the negative effects of persistently full blocks.

Nay, it is BTC that need to contend with such a condition. These are BTC posts.

[JayJuanGee]

I think I can now safely predict we are going to close this weekly candle on the green.

Y so reckless?

Calculated risk, yo

#YOLO

I mean... holy fuck!!!!

We were pretty certain to get green this week, but look where we ended up.

We have 6 weekly candles in a row that were very modest (averaging less than $100 per candle), and then all of a sudden, we get a seventh candle (in that streak) that is up $1,000.  In my humble bumble opinion, next week is going to be more difficult to get a greenie... we will see, we will see.  Way too early in this week to be predicting what will happen by the time we reach the end of this week.

[Toxic2040]

weekly wall report

I am pleased to report the Bears are crushed sir. Mop up operations continue as units are redeployed and fresh reserves are brought in to bolster the front lines. Carry on.

Maybe we just up and head over this cloud as well. #dyor

#buythedip

#stronghands

[bitserve]

They will probably just reuse LN channels and just settle them regularly. With enough transactions, maybe they would be settling those channels hourly...

Settled? You mean become actualized on the Bitcoin chain?

Yes, ...

Ohkaaay.... If the average channel is settled on chain hourly, then given current block size, you have limited the Lightning Network to about 20,000 channels. Not users, channels. IOW, I think you might want to work on your hypothetical scenario.

Your way of "sanitising" quotes, cutting here and there makes it loses all context.

I was talking about a future scenario where Bitcoin has been massively adopted just to show how it would be possible and how L2 would play a key role on it.

As I said, we would be talking about one settlement for each thousands of L2 tx's. Also, not all opened channels would be of global payment processors needing a more frequent settlement. Also we would be talking about hundreds of millions daily higher layer tx's. If someday Bitcoin would reach that level of massive adoption it will be gradually adapting to it. And yes, it will be having some blocksize increase along the way, as needed to accomodate the usage from higher layers.

We are not already there. So you can't use future usage numbers with current limitations. That makes no sense. I was just showing that it will be possible to scale MASSIVELY without an accordingly LINEAR blocksize increase... which seems to be the choice of other coins... and that's not SCALING.

[isayhodlit]

the hell is wrong with tether

https://imgur.com/xWoi0KP

[bitserve]

I think I can now safely predict we are going to close this weekly candle on the green.

Y so reckless?

Calculated risk, yo

#YOLO

I mean... holy fuck!!!!

We were pretty certain to get green this week, but look where we ended up.

We have 6 weekly candles in a row that were very modest (averaging less than $100 per candle), and then all of a sudden, we get a seventh candle (in that streak) that is up $1,000.  In my humble bumble opinion, next week is going to be more difficult to get a greenie... we will see, we will see.  Way too early in this week to be predicting what will happen by the time we reach the end of this week.

Yup, next week candle could be anything (even either a $1000 pump or dump... or some sideways). Good thing is a red candle (as long is it is above support) would not break the (at least temporary) bullish trend. We will see. This is fine.

[JayJuanGee]

Blah blah blah larger block blah blah

You have bcash and bsv with larger blocks, go there you have options. What part of we don't want larger blocks is so hard to comprehend

Yeah, I get it. But some here seem utterly oblivious to the consequences thereof.

The only oblivious one seems to be you, jbreher.  

Dump your stupid ass bcash variants and come back to team bitcoin.   Hahahaha.. I am just kidding.  You seem too perverted to come back..  

Better if you just stay over with the bcashers and argue with the other disgruntles, sociopaths and unable to compromisers about the various ways to attempt to market your "on chain" capacity.  

I understand with your "rebel" and self-assessed visionary personalities it is going to be difficult to come to any agreements, but at least you should continue to have plenty of bcash forkenings to play around with (and to test theories) on a nearly never ending basis.  

So those ongoing bcash forkenings should keep you sufficiently busy for nearly the next 20+ years... if you all don't end up self-genociding each other with the supposedly "healthy" battles within the "free market" engagements of ideas (and whatever else it takes).

[Toxic2040]

re: further 3 day support

yes..breaking above the clouds would help us avoid that whole horrible May/June looking thing there..quiet right. That is all.




#cryptouplift

[JayJuanGee]

I think I can now safely predict we are going to close this weekly candle on the green.

Y so reckless?

Calculated risk, yo

#YOLO

I mean... holy fuck!!!!

We were pretty certain to get green this week, but look where we ended up.

We have 6 weekly candles in a row that were very modest (averaging less than $100 per candle), and then all of a sudden, we get a seventh candle (in that streak) that is up $1,000.  In my humble bumble opinion, next week is going to be more difficult to get a greenie... we will see, we will see.  Way too early in this week to be predicting what will happen by the time we reach the end of this week.

Yup, next week candle could be anything (even either a $1000 pump or dump... or some sideways). Good thing is a red candle (as long is it is above support) would not break the (at least temporary) bullish trend. We will see. This is fine.

Personally, I could give a ratt's ass about where the support is exactly, and I would assert that a red candle at the end of this week would be fine, acceptable and reasonably bullish, as long as it is within the territory in which we started this pump..... which is $4,200-ish, and even likely better if it stays above and closes above $4,200-ish.

As you may notice, sometimes, I get a bit aggressive towards lines on a chart... unless they happen to fall in a framework that resonates with my range bound framework.   

[BTCMILLIONAIRE]

You know, I often wonder why 95% of exchange trades are like 0.05 or 0.001BTC. The answer is - there are thousands of n00bs (probably can't even calculate percentages and addicted to drugs) who believe that by trading such pathetic amounts, they will become millionaires. I got flash news for you - Not gonna happen! If you are lucky, you may get 10% in a year, so congrats with your 0.0001BTC profit. Go buy an island with that.

nah

it's bots

Even if they are bots, the sums of the simultaneous trades is way below 0.1BTC, which means their owners are really poor. The volume is made by a 5% of trades which are above 1BTC.

Wrong conclusion. I regularly test new strategies with small amounts. And there are other reasons as to why you might want to do a lot of small trades over fewer larger trades.

Also, 0.05 BTC is enough to retire within ~5 years if BTC goes to 100-300k and you trade shitcoins with a decent entry and exit strategy.

[HairyMaclairy]

Blah blah blah larger block blah blah

You have bcash and bsv with larger blocks, go there you have options. What part of we don't want larger blocks is so hard to comprehend

Yeah, I get it. But some here seem utterly oblivious to the consequences thereof.

No need to save us bro.  Go save someone else.

[jojo69]

did the government pay for that gold or credit it on taxes at least?

$20.67/OzT

about $400 inflation adjusted...

then after seizure promptly raised the price to $35

land of the free my ass

[bitserve]

You know, I often wonder why 95% of exchange trades are like 0.05 or 0.001BTC. The answer is - there are thousands of n00bs (probably can't even calculate percentages and addicted to drugs) who believe that by trading such pathetic amounts, they will become millionaires. I got flash news for you - Not gonna happen! If you are lucky, you may get 10% in a year, so congrats with your 0.0001BTC profit. Go buy an island with that.

nah

it's bots

Even if they are bots, the sums of the simultaneous trades is way below 0.1BTC, which means their owners are really poor. The volume is made by a 5% of trades which are above 1BTC.

Wrong conclusion. I regularly test new strategies with small amounts. And there are other reasons as to why you might want to do a lot of small trades over fewer larger trades.

Also, 0.05 BTC is enough to retire within ~5 years if BTC goes to 100-300k and you trade shitcoins with a decent entry and exit strategy.

Yup, now that I trade very little, most of my orders are (multiple) small orders. 0.05 is indeed a size I do frequently use nowadays.

For some reason I have been gradually lowering my order size with time..... even if my total stash is always at record size.

Of course I have also lowered a lot my exchange exposure.

Sometimes I do think I just keep on trading to not lose the practise, and not so much for the profits.... which, even if small, do nicely accumulate over time though.

[jojo69]

the hell is wrong with tether

jeez...where do I start?

[bitserve]

$5.3K

[mirakal]

$5.3K

Is REAL, MOON time again fellas. Prepare and HODL !  

[Toxic2040]

jeez...where do I start?

if you could just hand me your boarding pass sir I can take care of you over here. Thank you...there you go..have a seat there on the right..you have a window seat I see. Please keep your seatback in the upright position until after zero gee..

...I just noticed your name sir...your the actual jojo69 from the Wall?  gulp   uhh..sir..I hate to tell you but there might have been a slight luggage malfunction that may have affected you....and several other guests I might add..

*actual veracity of the above quoted conversation is purely speculative in nature due to the fact of no reliable witnesses coming forward to submit testimony.

[bitserve]

Bitcoin (price) will never stop to amaze me. Good thing I am mostly a hodler and don't really try to "outsmart" it... Just some scalping here and there to bank on its volatility.

[Toxic2040]

I am a hodler.

Repent sinner...thou must uncapitulate forthwith and remain so hence forth!