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

[LFC_Bitcoin]

Moving to Zimbabwe for a bit cuz reasons.  

https://oracletimes.com/bitcoin-btc-sells-for-50000-in-zimbabwe-after-the-government-banned-it-last-year/

via Imgflip Meme Generator

Release r0ach into the wild & a 100BTC bounty for who finds, kills & puts his head on a spike?
I’m definitely up for that!

[Lambie Slayer]

https://www.zerohedge.com/news/2019-06-29/bitcoins-spectacle-renews-fight-within-hard-money-camp

"But, then again, there’s no cure for being Peter Schiff.

And that’s sad to say because a decade ago Schiff was someone I looked up to. Now he’s just another Wall St. punter wedded to his single solution, gold.

And he’s not alone in the Austrian community.

When you’ve wedded yourself to a particular idea long enough,gold, it’s easy to misread the changes staring you in the face. Technology changes the definition of money all the time. It is a constant of history.

And the thing about the free market is that it doesn’t care about your opinions or ‘muh fealz.’ It just does its thing, responding to the needs of the people who make it up."


Some obvious observations in this article to the chosen of us known as the WO familia (WO mafia?  )but well stated nonetheless.

[Lambie Slayer]

Moving to Zimbabwe for a bit cuz reasons.  

https://oracletimes.com/bitcoin-btc-sells-for-50000-in-zimbabwe-after-the-government-banned-it-last-year/

via Imgflip Meme Generator

Release r0ach into the wild & a 100BTC bounty for who finds, kills & puts his head on a spike?
I’m definitely up for that!

via Imgflip Meme Generator

[jbreher]

Relaying bytes:

Accordingly, capex will have a longer profitable time horizon, leading to the above equation being even more dominated by opex -- which is in turn energy cost.

Which in turn is capex, e.g. solar panels run during the daytime to lower average cost per KWH.

Oh gawd. Reductio al absurdium? Fine. I can play that game too.

Your solar panels are nothing but raw stuff existing within the crust of the earth, plus energy expended to extract, refine, alloy, and form it.

 

[Last of the V8s]

in other rolly eyes
https://www.dailymail.co.uk/sciencetech/article-7194019/U-S-Navy-patents-theoretical-ship-bends-physics-speed-air-water-space.html

[xhomerx10]

in other rolly eyes
https://www.dailymail.co.uk/sciencetech/article-7194019/U-S-Navy-patents-theoretical-ship-bends-physics-speed-air-water-space.html

 Isn't that patent held by Craig Wright?

[Last of the V8s]

your statement is thus erroneous

[BitcoinGirl.Club]

Who's spamming the network?

https://btc.com/stats/unconfirmed-tx

107 satoshis to 3 satoshis per vbyte in a matter of minutes.

I think it's the wallet software users are using. People tends to use the recommended fees by the wallet software. Yesterday I had a 1 sat/Byte tx cleared. It was hanging there for last few days but I did not bother.

I think people are overpaying because of ignorance.

[criptix]

in other rolly eyes
https://www.dailymail.co.uk/sciencetech/article-7194019/U-S-Navy-patents-theoretical-ship-bends-physics-speed-air-water-space.html

He also holds a patent on room temperature super conductivity?

Looks like the guy solved all of humanities problems for the next 500 years lol

[LFC_Bitcoin]

Who's spamming the network?

https://btc.com/stats/unconfirmed-tx

107 satoshis to 3 satoshis per vbyte in a matter of minutes.

I think it's the wallet software users are using. People tends to use the recommended fees by the wallet software. Yesterday I had a 1 sat/Byte tx cleared. It was hanging there for last few days but I did not bother.

I think people are overpaying because of ignorance.

I have to admit I always pay a little over the recommended fee. I don’t like hanging around, waiting. It makes me paranoid. When I was claiming BCH the other year & moving coins I fucked up & paid low fees due to the wallet I was using. I was not happy.

[El duderino_]

via Imgflip Meme Generator

My girl doesn’t like me shirt.... damn I love it so I wear it F*** r0ach

[BitcoinGirl.Club]

I have to admit I always pay a little over the recommended fee. I don’t like hanging around, waiting. It makes me paranoid. When I was claiming BCH the other year & moving coins I fucked up & paid low fees due to the wallet I was using. I was not happy.

I do not mind waiting unless I am sending them in an exchange. In the last few months I think the most I paid was 20 sat/byte, only in few occasions. Most of the time I go with 1 or 2 sat/byte LOL

And on average I do weekly few bitcoin transactions.  

For a tx of 1 or 2 sat/byte the max I think I waited three days so far and it was my latest tx which was confirmed sometimes yesterday.

[BitcoinGirl.Club]

via Imgflip Meme Generator

My girl doesn’t like me shirt.... damn I love it so I wear it F*** r0ach

Nice one! I like it too. May be the color that is not girlish LOL

[LoyceV]

Who's spamming the network?

https://btc.com/stats/unconfirmed-tx

107 satoshis to 3 satoshis per vbyte in a matter of minutes.

I think it's the wallet software users are using. People tends to use the recommended fees by the wallet software. Yesterday I had a 1 sat/Byte tx cleared. It was hanging there for last few days but I did not bother.

I think people are overpaying because of ignorance.

See Fees are low, use this opportunity to Consolidate your small inputs!
Wallets all try to compete for the same limited block space, which means that everybody pays more, and blocks are still full. I think the fee market would work much better if most users choose their fee manually. If you're in a hurry: pay enough! But if you're not in a hurry: don't try to compete with other users.
I usually pay 1 or at most a few satoshi per byte, as most of my transactions are not time critical.

Meanwhile:
Downloading page 6172: https://bitcointalk.org/index.php?topic=178336.123420
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Downloading page 6180: https://bitcointalk.org/index.php?topic=178336.123580
Downloading page 6181: https://bitcointalk.org/index.php?topic=178336.123600
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Downloading page 6185: https://bitcointalk.org/index.php?topic=178336.123680
Downloading page 6186: https://bitcointalk.org/index.php?topic=178336.123700
Downloading page 6187: https://bitcointalk.org/index.php?topic=178336.123720

Stats are coming

[yefi]

Gotta get in while the getting is good... can't be waiting around for a lower price.

Of course, you can buy more if the price goes down, but you should not be diddally daddaling around attempting to time lower prices.

Waiting for a lower target can be a strategy, but you need to set a capitulation point or be content with missing the opportunity.

[LFC_Bitcoin]

$12,000 acting as a sell off point? Is it psychological or something? We don’t seem to be able to stay above it for very long at the moment.

Is there going to be a mic classic tonight? (Pissing).

I’m just drinking Prosecco at home, not out tonight. My girl is really drunk though, fucking annoying. She’s singing with earphones in, drinking.

[BitcoinGirl.Club]

I usually pay 1 or at most a few satoshi per byte, as most of my transactions are not time critical.

It's the same case with me. Most of my tx are also not time critical.

[LoyceV]

I usually pay 1 or at most a few satoshi per byte, as most of my transactions are not time critical.

It's the same case with me. Most of my tx are also not time critical.

It backfired when I tried to open a Lightning Network channel with a low fee, and the channel was closed when it didn't confirm within 24 hours. Closing the channel meant a much higher fee did CPFP.

Talking about LN: is that a subject here in WO? I only follow this thread once in a while (there's just too much to read), but considering the level of Bitcoin fans here, I'm curious if it's used

[BitcoinGirl.Club]

$12,000 acting as a sell off point? Is it psychological or something? We don’t seem to be able to stay above it for very long at the moment.

Is there going to be a mic classic tonight? (Pissing).

I’m just drinking Prosecco at home, not out tonight. My girl is really drunk though, fucking annoying. She’s singing with earphones in, drinking.

$12,000?
No way for me to sell. I am waiting for at least 3 times of this price.

I am preparing to watch Uruguay vs Peru match. I hope this will be a good match.

[Last of the V8s]

Downloading page 6187: https://bitcointalk.org/index.php?topic=178336.123720

Stats are coming

Gosh we managed to drive away some real serious-minded riff-raff with our blatant shitposting hilarious banter.