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

[HairyMaclairy]

I could sit here and watch this for some time

I like ice cream

[lightfoot]

Dirty WO minds...

That is hot.

[VB1001]

https://twitter.com/100trillionUSD/status/1153601455594647552

Curious, there are bitcoiners, journalists, maximalists, hodlers, developers > https://hive.one/people/

Algorithm
We call our algorithm Peoplerank. It works similar to the original Pagerank.

Instead of ranking websites -- it ranks identities. Instead of tracking links -- it tracks attention.

It’s also a 2nd order metric. This means that it matters not only who pays attention to you, but also who pays attention to the people who pay attention to you. And so on.

https://hive.one/algorithm/

[HairyMaclairy]

Oh gawd that’s probably another bullshit rumor started by Justin.  The timing is very suspect.  Justin will probably pop up in a couple of hours and say “I was never in China”.   These guys are so full of shit it’s impossible to ever separate truth from lies. Just ignore the whole damn thing.

[lightfoot]

...and TRX (Tron) is 20% down today!

Looks like it's time to Troff Tron

(Wonder how many people will get that without googling)

[VB1001]

33º Very hot.

Well that's one way.  
Here is the other:



Dirty WO minds...

LOL, It depends on the moment.

[Globb0]

Dirty WO minds...

That is hot.

I can only think brain freeze!

[JayJuanGee]

Under 10k again, fuck off. I was hoping we wouldn’t see 4 figures again but here we are. Seems like Hairy is the oracle, near enough everything he predicts bears fruition.

Waiting for the day when HM says into a run for ATH and beyond.......

I already like his 2021/22 predictions. It seems a long way away though, 100k per coin is the dream but really 50k is enough for me.

I think It is really easier.

If we break the ATH, 50K or 100K is the same. When we are in a "discovery price mode" everything can happen (at least during a short period). So 100K is not a really biggest dream than 50K.

The first dream you should have is : breaking the ATH.

Then, ENJOY.  

Of course, price has to go through each of these levels, and of course, breaking through ATH kind of creates a dynamic in which $50k and $100k are not very far apart in terms of how far the momentum would take us.

I also have a tentative belief that the affects of the ATH begin to become a kind of reality when we get within about 15% of the ATH... and at that point the momentum is kind of there... with the icing on the cake being the breaching of the ATH, with noobs and weak hands taking their profits way too early...

Another factor though can be trying to attempt to figure out whether buying support is keeping up with price movement to try to figure out if the top is going to be in the $50k arena, $100k arena, or a kind of decently likely area that gets close to $200k or surpasses those kinds of price levels... maybe not as high as McAfee no dick eating levels, but anything within 20% of the McAfee no dick eating levels would seem quite amazing, especially for those of us who had already held through at least one previous up cycle and then to experience a feeling of compounding value on top of that.

[JayJuanGee]

Dirty WO minds...

That is hot.

I can only think brain freeze!

She's no amature.   

[jbreher]

And why are the transaction fees up again??

Because BTC devs have imposed an economically-ignorant centrally-planned production quota upon transaction throughput capacity, which is insufficient to meet current natural demand.

[JayJuanGee]

Lol of the day (we need that today, on hte brink of 4 digits):

 Warren Buffett's charity lunch with cryptocurrency entrepreneur postponed

“TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones,” said a tweet from the foundation on Monday evening in the United States.

The parties agreed to reschedule at a later date, the tweet added.

Tronix, the foundation’s token, dropped 12.3 percent following the news, price data from Coinbase showed.

So, a shitcoins drops 12.3 percent because of the kindey stones of the CEO.

Glad to know Satoshi is so wealthy anonymous then!

FTFY

Thanks, I wrote wealthy , but I meant healthy!
Too hot here...

Your brain is overheating and according to the earlier post of Raja_MBZ Justin Sun is about to be imprisoned in China, but acting as if his dog ate his homework.

 

[JayJuanGee]

This is not financial advice.  I have no idea what I am doing.

Yes, we know that.


 

[jbreher]

Looks like Forbes is trying to vaguely link Libra and BTC again.
https://www.forbes.com/sites/billybambrough/2019/07/23/blow-to-bitcoin-as-top-accountants-make-serious-facebook-warning/#3f9c67874a32

I'm having a hard time taking that article seriously, what with all the shoe-throwing going on. I thought that was limited to an insult in the Muslim world.

The bitcoin price, up some 200% so far this year, has somewhat recovered after a terrible 2018 largely due to interest in bitcoin and cryptocurrencies from some of the world's biggest tech companies, including social media giant Facebook which unveiled its planned libra cryptocurrency project last month and is scheduled for release some time in 2020—if the sandal-hit company can convince regulators of its merits.

[JayJuanGee]

A new "country" is planning to launch its digital currency.

Palestine Plans Digital Currency to End Israel Shekel Dependency

Months after Palestine’s current government was sworn in, the prime minister has revealed plans to develop a cryptocurrency meant to reduce dependence on Israel.

According to the Anadolu Agency, Palestinian Prime Minister Mohammad Shtayyeh stated that the digital currency will assist the territory to overcome the challenges currently being experienced as a result of the overreliance on the Israeli shekel.

https://www.ccn.com/news/palestine-digital-currency-end-dependence-israel/2019/07/23/

Why not figure out a way to use (and accordingly stock up on) bitcoin, for fuck sake? 

rather than printing your own likely to be bullshit scamcoin?  Maybe we have to see if they produce anything of value, rather than what seems to be the smoke and mirror scams that countries have so far attempted to create in the alleged crypto space.

[serveria.com]

Dirty WO minds...

That is hot.

I can only think brain freeze!

My wafer cone is ready for her 24/7 

[HI-TEC99]

$10000 on stamp.

[gembitz]

$10000 on stamp.

10K timberrrr ~ see you in september bitcoin going into maintenance mode ... [bulls gone fishing] ... ha

[fillippone]

And why are the transaction fees up again??

Because BTC devs have imposed an economically-ignorant centrally-planned production quota upon transaction throughput capacity, which is insufficient to meet current natural demand.

I don't know if you are trolling, (I think you are  )
but I'll ignore and just answer the question, which I think is interesting in the first place.


Are fees actually going up?

• No, they aren't: this is according to this website which shows a not particularly full mempool:
  
  https://jochen-hoenicke.de/queue/#0,30d
  
  
  
  
• Also according to this website:
  
  https://www.buybitcoinworldwide.com/fee-calculator/
  
  You can transact in 6 block time with 44 sat/byte, which is absolutely bargain level.
  
  
• Last, bitcoin fees are not high, because at last there are more compelling things in life and fees are going to stay low, in the end.
  https://twitter.com/BrianLockhart/status/1153006836968112128?s=20
  
  

  It’s Sunday and the mempool is super empty so I *could* get a bunch of old UTXO’s consolidated and moved to SegWit addresses at 1 sat/byte next block fee rates, but it’d be such a pain in the ass to get to my deep cold storage I’m probably not gonna. 🤷‍♀ï¸�
  

  
  
  
  for sake of science I report the tweet he replied to.
  
  https://twitter.com/katieeeeebell/status/1152667159429963776?s=20
  
  

  what’s on your mind?
  

  
  
  

See? I did spare you all the annoying lessons about Segwit, the respect for a scarce resource (Space in block) leading to technical development instad of relaxed and lazy (ab)use of abundant resoures, the necessity to scale on the second layer instead of scalin on-chain, the possibility for the average Joe to synchronise a node etc, etc...

[LFC_Bitcoin]

$10000 on stamp.

Observing $9,965

 

[VB1001]

The World is Waking Up to Bitcoin

Not too long ago, Bitcoin was a niche interest. Cryptographers, cypherpunks, and some libertarian-minded folks were the only ones interested in the idea of magic internet money.

https://medium.com/bull-bitcoin/the-world-is-waking-up-to-bitcoin-5d532a1188ce

Nice article.


( The article begins with the mention of the Cypherpunks, a few days ago I published a thread about the Cypherpunks, I put the link in WO, I remind you that there is a lot of material to read. If you are interested in the cryptographic origin .  Cypherpunks - 1992 https://bitcointalk.org/index.php?topic=5163467.0 )