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

[Cryptotourist]

Incidentally, it is working splendidly so far.

Yeah jbreher, splendidly is far from a couple of recent reorg occasions.
That said, working implies that someone actually uses (not spamming) the chain. Not.

#

Morningzzz my WO fuckers.

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[hd49728]

I have this one for you (if you don't know it).
Bitcoin transaction fees - Everything in one

In short:
Earlier today, fee is 1 Satoshi/ byte, but now it temporarily rose to 3 satoshis/ bytes.
 Fees for transaction with 1 input (148 bytes), 3 outputs (102 bytes) costs only 780 satoshis, which is double than yesterday fee.
It is not a best time to consolidate your bitcoin leftovers, everything you need is time, to see fees fall to 1 Satoshi/ byte, again.

Please check more there:
https://tradeblock.com/bitcoin/historical/6h-f-tfee_blk_avg-01051
https://coinb.in/#fees

[El duderino_]

China Could Be About To Throw Its Weight Behind #Bitcoin

https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/billybambrough/2019/07/29/china-could-be-about-to-throw-its-weight-behind-bitcoin/amp/

https://twitter.com/xentagz/status/1155956658557739009?s=21

Bullish? China pump BTC instead of ban BTC?

[nutildah]

A Comparative Analysis of Bitcoin Forks

Summary
Additionally, although both BCH and BSV have larger maximum block sizes than BTC, they have not yet utilized that extra space. For the most part, BCH and BSV’s daily average block size has remained well below BTC’s 1MB average.

Both BSV and BCH have had blocks that have exceeded BTC’s maximum blocks. BSV blocks, in particular, are increasingly being filled by OP_RETURN transactions. BSV and BCH’s increased block size may become a factor if either gain adoption as a data storage blockchain. But it does not appear to currently be a factor in terms of being used as a medium of exchange.

I really would be curious to see the effects of spamming the BSV blockchain to fill 2 GB blocks for months on end, just to witness the effects of node centralization. It will be a reminder of why block size limitation is a good thing. It would grow at approximately 8.64 TB a month, granted each block is always full.

The biggest commercial hard drive in the world is currently 60 TB and costs $10,000 -- you would need to buy 2 of those a year to accommodate near-full 2 GB blocks.

[Lambie Slayer]

Sorry to be bearish gents but I think we wont bottom this summer till we get to about 4900.

I was convinced of this by powerful entities who communicated with me on a recent DMT adventure.

Apparently they trade Bitcoin in transdimensional hyperspace.

I obviously dont post much during times like this bc its no fun but I promised to report.


via Imgflip Meme Generator

Oh gawd..... .... another sorcerer wannabe.  

[edited out]

Your starting to sound like jonov

Sure.. that's another angle... Haven't heard from that broke-ass dude for a while.  Maybe he will be able to buy back all the coins that he sold for under $6k, but guys like that get to cock-assured and too greedy.. .so my hopes are not too high in his ability to recover from dumb.

Have to add I'm deeply disappointed with Lambie lately. He was a permabull when he first appeared but it seems he has turned into a bear now. What is more alarming he started posting his bearish prophecies of the so-called "one last dump before up" theory and now this $4900 bottom post. I'm worried that's a way how most beartrolls earn their merits and post count (also respect from other members) - post bullish things first, turning into bears later. So guys be smart, think twice! We're getting surrounded by werewolves.      

Have to say Im disappointed you would get so suspicious over someone being short term bearish. Im not out to get you. I just like to post my thoughts from time to time. Its not a conspiracy to trick you into giving up on Bitcoin and bowing to the dollar as your master.

Am I pumping shitcoins? Am I deviating from my firm belief that Bitcoin will be the global reserve currency and 1 coin will make any human wealthy in the next decade. Of course not.

Am I tone vays calling for 1k, a price that hasnt been seen for years. Nope, just concerned we will revert to prices seen a few months ago.

Did you get suspicious of Hairy when he was actively shorting as a hedge in 2018 and calling for lower prices for a long while? Hell im not even shorting, just waiting for what I consider cheap coins this summer before I deploy my last fiat for the mega run all in hodl. If it doesnt happen, nbd, its not like I dont have a lot of Bitcoins.  

Pray you get surrounded by hyenas like me.   Im over 90 percent net worth in Bitcoin and have been since '14. If you ever find a day where the average joe is even close to as big of a Bitcoin believer as me then our Lord and Savior King Bitcoin will already be the global reserve currency on that same day.  


Still short term bearish. Id say fight me   but I dont really feel like posting much unless im short and long term bullish.

I will say 4900 is pretty extreme, its more like a floor I dont see us going under. 7-8k would be a more reasonable outcome imo, but this is Bitcoin and shit happens.  I think people shouldnt cry if 4900 is reached bc its still very bullish as a higher low than 3100 of Dec. 15.

[hd49728]

Still short term bearish. Id say fight me   but I dont really feel like posting much unless im short and long term bullish.

I will say 4900 is pretty extreme, its more like a floor I dont see us going under. 7-8k would be a more reasonable outcome imo, but this is Bitcoin and shit happens.  I think people shouldnt cry if 4900 is reached bc its still very bullish as a higher low than 3100 of Dec. 15.

Bitcoin might fall around 26 percent to 30 percent, from the range $11,000, where bitcoin broke out. It means in my forecast, bitcoin will fall to the range between $7700 and $8000. It is deep enough to kill Long gangs, and it is also relevant to news on Tether USD. News is used to pump and dump coins, so, why not believe in my forecast?

China Could Be About To Throw Its Weight Behind #Bitcoin

https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/billybambrough/2019/07/29/china-could-be-about-to-throw-its-weight-behind-bitcoin/amp/

https://twitter.com/xentagz/status/1155956658557739009?s=21

Bullish? China pump BTC instead of ban BTC?

China lost its impacts on bitcoin and crypto market for a long time ago. This time is not an exception, and I don't think this news have any kind of effects on bitcoin price.

[criptix]

FUCKING SHIT IF YOU ARE GOING TO GO UP GO UP ALREADY AND MAKE ME RICH FFS

IF YOU ARE GOING TO GO DOWN GO FUCKIN DOWN SO I CAN BUY MORE

...and i thought $5k was bad.

Getting stuck at $9-10k feels so disgusting. Don't want to buy many because dunno if it is going to go up sharply or go down and create more buy opportunities.

Sorry for caps, i lost myself a bit.

Just wanted to shout.  

Dude.  I am DCAing a leveraged long position right now. Very low leverage - well under 1:1.   My current dollar cost average is $10,500 and I am totally relaxed because every slight chip down in the price just lowers my DCA.  

Adapt to the price.  Don’t fight it.  We are in a bull market.  The price will go up again.  You will have what you are looking for.

Remember that Hairy is pretty experience in this arena.. so careful with anyone using any kind of leverage at all.. Usually the use of any kind of leverage magnifies the potential for both losses and gains, and is not easy to use for the vast majority of folks can just get into bitcoin and accumulate BTC with simple dollar cost averaging and buying on dips.. and that should be risky enough because it surely is not guaranteed to go up (even if decent odds, such as being in a bull market, which I agree with hairy about that)... but still bitcoin is an asymmetric bet, so guys and gal can still make a lot of money without employing leveraging strategies.

That is only partly correct.

So you can go 1x or lower leverage and actually use your BTC as collateral to buy more BTC or hedge against a BTC/USD drop.

It is actually VERY safe to do, if you understand what you are doing.

And to be honest i would advise every single one of you to actually inform yourself about it and try it out.

You will be able to quite safely preserve your USD value while being able to increase your BTC stack without being forced to add additional fiat.

Of course this is not for free, hedging or betting wrong has always a cost, but you have to accept this possible loss and can minimize it with proper risk managment.

Hm?  Maybe you are correct, perhaps? and maybe the employment of such systems might work for some users?  You are suggesting that it is simple, and I know that d_eddie seems to talk about his strategies in the use of those kinds of tools, too.  I suppose I am not opposed about members learning various techniques that might work, and I believe that I tout out basic techniques that don't really use those kinds of tools, so even if those tools might be helpful, they might not be necessary and could cause some members to attempt to put their BTC at risk when they would have been safer by just employing more simple tried and true accumulation strategies such as dollar cost averaging, buying on dips and HODL.

I personally have been suggesting that the next more sophisticated step is to start to sell small amounts on the way up in order to use that money to buy back in the event of a dip.  Using leverage is even a more advanced strategy, which part of my point was to say that it is a bit more advanced, and I think that I continue to remain correct about it being a more advanced strategy than what I am suggesting to be good enough to make some peeps richie... under consistent and persistent strategies to dollar  cost average buy, buy on dips and hodl.. and more sophisticated would be selling small amounts on the way up, after they have largely already reached their baseline accumulation goals.

Definitely agree with you here - margin trading is for sure the next step in the trading ladder and needs you to put in more time and involves the use of advanced trading strategies.

DCA is more like fire and forget in that sense and everyone can use it without the need to dive hundreds (or more) of hours in trading strategies.


The really interesting part is that you can use your existing BTC stash as margin to trade - no need to put in more fiat or basically giving you additional buying/selling power on top of your fiat.

[mindrust]

Here is another interesting observation:

Why 2.4 ?
Simulations performed by Trace Mayer determined that in the past, the best long-term results were achieved by accumulating Bitcoin whenever the Mayer Multiple was below 2.4.
Since the simulations were based on historical data, they are purely educational and should not be the basis of any financial decision.

The moment Mayer Multiple reached just above 2.4, it started to go down.

Amazing.

So, $14k was in a mini bubble territory and the bears didn't miss that one. Sniped it right away. $7.5k looks like a good buy.

edit: Also see the previous 2.4 rejections in 2017. Happened twice before the big boom. That's even more interesting.

[vroom]

advanced paper wallet from the austrian state printing house: https://www.chainlock.com/?lang=en

[ChinkyEyes]

China Could Be About To Throw Its Weight Behind #Bitcoin

https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/billybambrough/2019/07/29/china-could-be-about-to-throw-its-weight-behind-bitcoin/amp/

https://twitter.com/xentagz/status/1155956658557739009?s=21

Bullish? China pump BTC instead of ban BTC?

No offense, but is that forbes link legit? looks kinda suspicious...

[vroom]

China Could Be About To Throw Its Weight Behind #Bitcoin

https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/billybambrough/2019/07/29/china-could-be-about-to-throw-its-weight-behind-bitcoin/amp/

https://twitter.com/xentagz/status/1155956658557739009?s=21

Bullish? China pump BTC instead of ban BTC?

No offense, but is that forbes link legit? looks kinda suspicious...

I think this is the AMP (Accelerated Mobile Page) version of this: http://www.forbes.com/sites/billybambrough/2019/07/29/china-could-be-about-to-throw-its-weight-behind-bitcoin/
seems legit.

[hd49728]

Here is another interesting observation:



The moment Mayer Multiple reached just above 2.4, it started to go down.

Amazing.

So, $14k was in a mini bubble territory and the bears didn't miss that one. Sniped it right away. $7.5k looks like a good buy.

edit: Also see the previous 2.4 rejections in 2017. Happened twice before the big boom. That's even more interesting.

Do you mean that we will have to wait at least 4 more months to see next pump of bitcoin?
Whatever methods/ indicators you used, I agreed with you that bitcoin might fall to the range around $7700.

Bitcoin might fall around 26 percent to 30 percent, from the range $11,000, where bitcoin broke out. It means in my forecast, bitcoin will fall to the range between $7700 and $8000. It is deep enough to kill Long gangs, and it is also relevant to news on Tether USD. News is used to pump and dump coins, so, why not believe in my forecast?

[vroom]

cybercash, as imagined in 1998



please note, they wrote hodlers wrong

[AlcoHoDL]

cybercash, as imagined in 1998



please note, they wrote hodlers wrong

Prophetic! Good find. It describes the main features of Bitcoin pretty accurately.

Edit: I don't see any misspelling in the photo...

[hd49728]

cybercash, as imagined in 1998
~
please note, they wrote hodlers wrong

Can you give me name of the book from which you snapshotted that page, please. I will buy and read it, that is likely a interesting book on digital cash.

[vroom]

cybercash, as imagined in 1998
~
please note, they wrote hodlers wrong

Can you give me name of the book from which you snapshotted that page, please. I will buy and read it, that is likely a interesting book on digital cash.

The Sovereign Individual

it's not my snapshot, I just found it. here are some more quotes: https://imgur.com/a/eV74v#0

[Lucius]

Can you give me name of the book from which you snapshotted that page, please. I will buy and read it, that is likely a interesting book on digital cash.

I see this posted here today : https://bitcointalk.org/index.php?topic=5170269.0

It seems that Satoshi Nakamoto is read this book, maybe he get idea for BTC creation after reading

[fillippone]

Libra: much ado about nothing?

https://www.coindesk.com/facebook-libra-might-not-ever-launch-concedes-firm

In a frank disclosure in the firm’s latest quarterly report to the U.S. Securities and Exchange Commission (SEC), the firm said that the many barriers it will face regarding regulating a new technology with unclear rules in the U.S. and other nations of the world, mean “there can be no assurance that Libra or our associated products and services will be made available in a timely manner, or at all.”

“Our participation in the Libra Association will subject us to significant regulatory scrutiny and other risks that could adversely affect our business, reputation, or financial results,” Facebook says.

“These laws and regulations, as well as any associated inquiries or investigations, may delay or impede the launch of the Libra currency as well as the development of our products and services, increase our operating costs, require significant management time and attention, or otherwise harm our business.”

Waiting for Godot?

Compulsory meme:

[LFC_Bitcoin]

This thread is so quiet at the moment.

**Sighs**

Oh, I do miss the excitement of a mid to peak bull run. I’m always here, reading but I don’t really have much to post about in this thread atm

[VB1001]

https://bitcointalk.org/index.php?topic=5126554.0

He had to read long before reaching Bitcoin.

1994 - CyberCash

On January 1, 2000, many users of CyberCash's ICVerify application fell victim to the Y2K Bug, causing double recording of credit card payments through their system.[5] Although CyberCash had already released a Y2K-compliant update to the software, many users had not installed it.

The company filed for Chapter 11 bankruptcy on March 11, 2001. VeriSign acquired the Cybercash assets (except for ICVerify) and name a couple of months later. On November 21, 2005 PayPal (already an eBay company) acquired VeriSign's payment services, including Cybercash.

https://en.wikipedia.org/wiki/CyberCash