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

[OROBTC]

Gold reacted badly to the news, selling off with rates. Now it's bouncing back to day High.
Bitcoin doesn't give a f.ck.

Anybody noticed it is the first (and first one of a series) FED cut since 2008?
This means it's the first FED easing cycle since Bitcoin came into existence, challenging low interest rates world.

Good luck central Banksters!

Excellent observation.  

Gold has traditionally done well in low interest (and lowering interest) environments.

It will be very interesting to follow BTC price in the weeks to come.  It will, after all, be easy to remember today's price ($10k) when Powell and Company cut the Fed Funds Rate.

[kurious]

Good chart, comforting.
But nothing "seems to be sure"
She does what she wants.

#haiku

Oh mistress Bitcoin
Your butterfly path we plot
Fly up to the stars

#haikubackatcha

[HairyMaclairy]

What is more likely is that several computers or servers were used to mine the first million coins. Since there were no pools, each mined coin comes from a wallet on different computers.

Multiple computers can all use the same wallet. But the nonces on the blocks indicate that they came from a single "system" that was very fast, probably some sort of pool-like configuration.

Or the difficulty was low

No. The nonces in each won block indicate that the vast majority of mining power in the first days was definitely coordinated.

How is that inconsistent with low difficulty on a single laptop?  

Even if multiple machines, which I doubt, I don’t know how you can say with confidence that sequential nonces aren’t just crappy code shared by all machines.  To state the bleeding obvious, if all clients count their nonces starting at “1”, and then “1 + 1” etc, your blockchain will have a series of nonces counting in order. 

None of this pool conspiracy theory makes any sense.

[Febo]

Meanwhile another lil pump? 

Bitcoin derivatives provider LedgerX announced it has launched the first physically-settled bitcoin futures contracts in the U.S. Wednesday.


It looks like BAAKT hype was not so silly after all.  LedgerX launched earlier and it seems pushed price of Bitcoin up.

[HairyMaclairy]

Incidentally, it is working splendidly so far.

Yeah jbreher, splendidly is far from a couple of recent reorg occasions.

With no known negative consequences.

eta: Other than the loss of the coinbase tx revenues for the initial orphaned miners.

Right, why would it have any negative consequences since nobody uses it, dah?

Way to completely miss the point. Again.

All the txs (again, save for the coinbase tx of each orphaned block) were ultimately included onchain.

Nevermind the obvious blatant lie that "nobody uses it". Is this what substitutes for honest discourse in your pathological mind?

Thanks Craig for sorting that out.  We don't know what we would do without you.

[HairyMaclairy]

The SEC will start to mine some btc soon...  

The SEC Set To Begin Running Bitcoin and Ethereum Nodes

The US Securities and Exchange Commission is looking for quotes from contractors who will run the Ethereum and Bitcoin nodes for them.

What is the motivation behind the move?

Moving forward, the contractors will have to make additions of new blockchains as the SEC requires. The SEC has, however, not given any valid reason as to why it wants to operate its own nodes. The only explanation the agency has provided is stating that the objective is to support monitoring risk, compliance enhancement as well as to inform SEC policymaking on digital assets.

The SEC will ramp up its analytics to aid its blockchain complaisance investigations and monitoring. In essence, they have stated that the subscription will collect blockchain data from the various hosted nodes instead of offering the data through blockchain explorers.
https://cryptoiq.co/the-sec-set-to-begin-running-bitcoin-and-ethereum-nodes/

Anyone here want to charge the SEC $100k a month to run a node for them?

[HairyMaclairy]

Good evening at $10.009  
I've seen higher figures today.
Daily still looking good, continuing yesterdays trend.
I'll wait one more green daily candle with short wick to feel safe.

Don’t try to feel safe man. That’s a trap.  Just go with the flow.  It’s all going in the right direction. 

[Millionero]

The SEC will ramp up its analytics to aid its blockchain complaisance investigations and monitoring. In essence, they have stated that the subscription will collect blockchain data from the various hosted nodes instead of offering the data through blockchain explorers.[/i]
https://cryptoiq.co/the-sec-set-to-begin-running-bitcoin-and-ethereum-nodes/

That's interesting.  
But I wish crypto news writers were held to a higher standard.
It's compliance, not "complaisance".


Definition of complaisance

: disposition to please or comply : affability

https://www.merriam-webster.com/dictionary/complaisance

[Torque]

Nevermind the obvious blatant lie that "nobody uses it". Is this what substitutes for honest discourse in your pathological mind?

He meant "nobody" as in nobody that matters. You, Judas, Aussie Man, Porn Man, Coke Man, and a handful of other idiots don't count.

So, no not a blatant lie. Lol.

[jbreher]

What is more likely is that several computers or servers were used to mine the first million coins. Since there were no pools, each mined coin comes from a wallet on different computers.

Multiple computers can all use the same wallet. But the nonces on the blocks indicate that they came from a single "system" that was very fast, probably some sort of pool-like configuration.

Or the difficulty was low

No. The nonces in each won block indicate that the vast majority of mining power in the first days was definitely coordinated.

How is that inconsistent with low difficulty on a single laptop?  

Quite evidently, it is not.

I must have misunderstood what you were trying to convey. It seemed as if you were arguing against the post to which you responded. Specifically therein: "the nonces on the blocks indicate that they came from a single "system"".

Sorry for the confusion.

[HairyMaclairy]

What is more likely is that several computers or servers were used to mine the first million coins. Since there were no pools, each mined coin comes from a wallet on different computers.

Multiple computers can all use the same wallet. But the nonces on the blocks indicate that they came from a single "system" that was very fast, probably some sort of pool-like configuration.

Or the difficulty was low

No. The nonces in each won block indicate that the vast majority of mining power in the first days was definitely coordinated.

How is that inconsistent with low difficulty on a single laptop?  

Quite evidently, it is not.

I must have misunderstood what you were trying to convey. It seemed as if you were arguing against the post to which you responded. Specifically therein: "the nonces on the blocks indicate that they came from a single "system"".

Sorry for the confusion.

Ok thank you.

I try to make posts crisp and clear.  JJG has taught me something.

However brevity can sometimes introduce its own misunderstandings.  

[jbreher]

Incidentally, it is working splendidly so far.

Yeah jbreher, splendidly is far from a couple of recent reorg occasions.

With no known negative consequences.

eta: Other than the loss of the coinbase tx revenues for the initial orphaned miners.

Right, why would it have any negative consequences since nobody uses it, dah?

Way to completely miss the point. Again.

All the txs (again, save for the coinbase tx of each orphaned block) were ultimately included onchain.

Nevermind the obvious blatant lie that "nobody uses it". Is this what substitutes for honest discourse in your pathological mind?

Thanks Craig for sorting that out.  We don't know what we would do without you.

Precious. HM thinks I'm Craig. Jiggy thinks I'm a government agent.

OTOH, several here have provided thinly-veiled evidence that they know exactly who I am. Which is, incidentally, neither of the above. Nor am I HM nor Jiggy, for that matter.

[HairyMaclairy]

Precious. HM thinks I'm Craig. Jiggy thinks I'm a government agent.

[makrospex]

Good evening at $10.009  
I've seen higher figures today.
Daily still looking good, continuing yesterdays trend.
I'll wait one more green daily candle with short wick to feel safe.

Don’t try to feel safe man. That’s a trap.  Just go with the flow.  It’s all going in the right direction.  

Yep, as always.
Since i don't trade and just hodl...  

EDIT: Feeling "safe" about an intermediate uptrend. I guess it's about a 50% chance to see big red candles after day3 of the daily uptrend. Still 50% chance of not seeing one. We'll see.

EDIT2: intermediate = mid-term.

[JayJuanGee]

Incidentally, it is working splendidly so far.

Yeah jbreher, splendidly is far from a couple of recent reorg occasions.

With no known negative consequences.

eta: Other than the loss of the coinbase tx revenues for the initial orphaned miners.

Right, why would it have any negative consequences since nobody uses it, dah?

Way to completely miss the point. Again.

All the txs (again, save for the coinbase tx of each orphaned block) were ultimately included onchain.

Nevermind the obvious blatant lie that "nobody uses it". Is this what substitutes for honest discourse in your pathological mind?

Thanks Craig for sorting that out.  We don't know what we would do without you.

Precious. HM thinks I'm Craig. Jiggy thinks I'm a government agent.

OTOH, several here have provided thinly-veiled evidence that they know exactly who I am. Which is, incidentally, neither of the above. Nor am I HM nor Jiggy, for that matter.

One thing you have been recently is a convoluted drama queen bear.

[JayJuanGee]

I guess it's about a 50% chance to see big red candles after day3 of the daily uptrend. Still 50% chance of not seeing one.

You are sounding about as certain as me. 

TLDR:  It's about 50/50.

[_javi_]

i couldnt resist..
i voted the poll most bullish option. 

[El duderino_]

https://m.youtube.com/watch?v=Wigz8z6Vm3U

Anyone saw the schiff-pomp already?

Something for tomorrow.... HODLsleep now and above 5-dig

Lets keep it

[HeSoCo]

[jojo69]

I wish crypto news writers were held to a higher standard.

ummmm, no, wait

I wish crypto news writers were held to a higher standard.

Not quite sure when we turned over the keys to these snot nosed illiterates, but I long for the days of the bespectacled cantankerous copy editor.