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

[LFC_Bitcoin]

the mempool is growing rapidly, is it an indication of a selloff ?

Indication of miners being greedy cunts as they’re only getting paid 6.25BTC per block mined as opposed to 12.5BTC so they’re only accepting the highest transaction fees to squeeze more money out of people.
It’s forcing people to pay higher fees to get a moderately quick confirmation.

Lots of people are dumb & don’t check what current fees are so I bet there’s loads of people sending corn with low fees who will wait an eternity to get a confirmation.

[jojo69]

Throwback .... where I did got f***up with some fellow WO’s 

Fucking hell, that was a messy night bro.

was that where the dude puked? thought that was 4 star restaurants balcony?

I puked that night, the dude didn’t. My girl left her phone in the bar, the dude took it to his room & gave it her back the next day. The dude is very trustworthy.

plot twist, the dude is in possession of all LFCs nudes

[JayJuanGee]

Throwback .... where I did got f***up with some fellow WO’s 

Fucking hell, that was a messy night bro.

was that where the dude puked? thought that was 4 star restaurants balcony?

I puked that night, the dude didn’t. My girl left her phone in the bar, the dude took it to his room & gave it her back the next day. The dude is very trustworthy.

plot twist, the dude is in possession of all LFCs nudes

I like it.  I like it.



A little drama in regards to possible compromised accounts that may or may not continue to involve "teams"

[bkbirge]

Let the great uncoupling continue...
https://cointelegraph.com/news/bitcoin-doubling-gold-s-yearly-gain-so-far

Amid unstable global financial conditions, Bitcoin continues its path as a juicy-looking hedge asset, based on its gains comparative to gold.

Sitting at a press time price of $1,717 per ounce, gold has risen approximately 12% from the start of 2020, TradingView data showed. In the same time frame, Bitcoin boasts a 30% gain, at a value of $9,290 at press time.

[El duderino_]

Throwback .... where I did got f***up with some fellow WO’s 

Fucking hell, that was a messy night bro.

was that where the dude puked? thought that was 4 star restaurants balcony?

I puked that night, the dude didn’t. My girl left her phone in the bar, the dude took it to his room & gave it her back the next day. The dude is very trustworthy.

plot twist, the dude is in possession of all LFCs nudes

Not one hodler got them on the GF’s phone 

[Last of the V8s]

[hv_]

Herd immunity is already there.

Numbers are going down.

https://www.ft.com/coronavirus-latest

Virus is running out of warm bodies to infect.

Sadly not.
Herd immunity still very far away

[Hueristic]

Some King Tigers showing up.
http://dave.freeinforadar.ch/btcwars/

I love watching a wave of tanks rolling up to the front lines from the left, and taking out a front-line of infantry on the right side of the line.

What a great page.

Yeah, this is my new favorite way to watch resistance break down.

Watching the battle for 9300 yesterday was cool beans.

They should have a save for good battles to rewatch and link to.

Russian mining Farm for Bitcoin Mining in Bratsk (BitCluster)

https://www.youtube.com/watch?v=88aWYwcrfMI

I don't understand what they are saying (in Russian), so I did not really watch much of the 10 minute video.. maybe some English subtitle version would be nice.

Also, yeah it looks really impressively large and sophisticated, but yeah, my naivity perhaps, but I had not even heard of the company BitCluster, so i did a quick glance at the active list of mining pools, and I do not see the name "BitCluster" referenced anywhere there, so I am not sure where they fit into the bitcoin ecosystem (are they within one of the mining pools?)

Just hit the CC button.

[mindrust]

I am not reading this topic as I used to do because It is not fun for me anymore since I don't have any horses in the race but...


I am not going to lie, I was jealous about the price rise... till I saw this.

You'll probably see this as FUD but hey, I am not good at holding back from saying what I think.

Update from:

Bank of Tether:

[Hueristic]

That reminded me of Starflight that I used to play obsessively on my roommate's Tandy 1000 back in the mid eighties. That game was epic.

Oh starflight.... First game I loved right till the end, then wanted to stick my head in an oven....

I remember buying that when it first came out. Cost $50 buck for that game which was huge back then but worth every penny. It took me 6 months to finish it on my Zenith 5150.

[LUCKMCFLY]

ChartsBTC Update

High $32, Low $2, Halving $12
High $1,163, Low $152, Halving $658
High $19,892, Low $3,129, Halving $8,572
#bitcoin

Source: https://twitter.com/ChartsBtc/status/1260965783716261888

[JimboToronto]

I also went with 1st half 2021 and immediately thought I should have voted 2020. If we haven't reached an ATH by this time next year I'll do a John McAfee (sort of) and eat a pussy.  

Yuck. I'd rather do a full McAfee and eat my own dick.

Does your mother know you're posting her picture in the internet?

[Globb0]

the mempool is growing rapidly, is it an indication of a selloff ?

Indication of miners being greedy cunts as they’re only getting paid 6.25BTC per block mined as opposed to 12.5BTC so they’re only accepting the highest transaction fees to squeeze more money out of people.
It’s forcing people to pay higher fees to get a moderately quick confirmation.

Lots of people are dumb & don’t check what current fees are so I bet there’s loads of people sending corn with low fees who will wait an eternity to get a confirmation.

if no one ups fees they can suck it up

[Ibian]

If anyone can understand exponential growth, it is this thread.

Evidence indicates otherwise.

[aesma]

Up, and down, and up, and down. I must sleep but BTC doesn't give me any respite !

[serveria.com]

I am not reading this topic as I used to do because It is not fun for me anymore since I don't have any horses in the race but...


I am not going to lie, I was jealous about the price rise... till I saw this.

You'll probably see this as FUD but hey, I am not good at holding back from saying what I think.

I can feel bitterness here...    This is happening... the transformation has started: mindrust ----> the next roach    let's see what will happen after we'll reach a new ATH....

[AlcoHoDL]

The dude says 2020

First half of 2021 I went for. Sooner is better though obviously.

I was kind of wishing that the poll would have divided up 2020 to show how sentiment in regards to reaching an ATH this year might even have a couple of levels of bullishness that can be distinguished.  So, for example, have in the poll one 2020 option for between May- October and a second option for 2020 of between October-December.  

I usually attempt to be pretty conservative in my expectations of future BTC prices, but I could see a kind of fake out that goes above ATH and then severely corrects back down that follows a kind of 2013 pattern of an early top that ends up in a double top, but probably overall more conservative than the whole 2013 bull run because that one was a bit much and could even be argued to have been in excess of 100x when looking at both of those runs together.... so i did choose 2020 as witnessing an ATH, but I am thinking that it would be more likely in October or later, rather than before October... just a tentative thought based on current transient feelings (to the extent that I feel anything)

I think that a 100x run would be difficult to attain, but I am not really seeing reaching the previous ATH as very difficult to attain, even in this calendar year.. but yeah, maybe it will not happen until sometime in 2021... and of course, it has to happen before the end of 2021, otherwise you, LFC, are going to be having to pay a disingenuine shill troll... aka Bossian or whatever the fuck his user name was... (I just looked up that fucktwat, and looks like he removed the reference to the bet - and the pay him address from his signature.. what a fucking increasing likelihood to get scammed to get involved with any dealings with twats like that)  hahahahahaahaha.. then it would suck to be you.    

Wasn't expecting you, Jay, to vote for 2020! I like this!

I guess I'm more conservative than you -- I voted for 2nd half of 2021. Let's hope you're right (or I am), and, more importantly, let's hope it keeps rising afterwards (even slowly). We don't want to see another 2017 plunge (something urges me to place a McAfee bet that we won't). I think 2021 onwards will be very interesting, and very rewarding for those who endured the long bear winter we went through.

GTCTTWW, but if it comes sooner, all the better for us.

[hv_]

the mempool is growing rapidly, is it an indication of a selloff ?

Say hi to fees

[bkbirge]

I also went with 1st half 2021 and immediately thought I should have voted 2020. If we haven't reached an ATH by this time next year I'll do a John McAfee (sort of) and eat a pussy.  

Yuck. I'd rather do a full McAfee and eat my own dick.

Does your mother know you're posting her picture in the internet?

Haha, she cleans up nice though, you won't be disappointed...


But if you really want to date dear ol' ma, I suppose with your merit level that would be ok, she doesn't get around much anymore but you can contact her here...

[ivomm]

I am not reading this topic as I used to do because It is not fun for me anymore since I don't have any horses in the race but...

Image deleted
I am not going to lie, I was jealous about the price rise... till I saw this.

You'll probably see this as FUD but hey, I am not good at holding back from saying what I think.

I can feel bitterness here...    This is happening... the transformation has started: mindrust ----> the next roach    let's see what will happen after we'll reach a new ATH....

In March coinmarketcap showed 1.7 bil increase of the market cap and now 2.5 bil. It is unusual. This may lead to a new ATH sooner than expected. I think everyone knows it but just in case I'll remind that the jumps of tether's cap in certain days do not mean necessarily someone bought such huge sums instantly or fake tethers were 'printed'. In an official response to questions about these jumps, coinmarketcap explained that tether's data has some lags. There is one article that mentions the problems with the various blockchain tether uses: https://www.coindesk.com/bitcoin-climbs-as-tether-gets-500m-injection-in-5-minutes
("..However, archived versions of the page show similar readings over the past few days, suggesting CoinMarketCap's data did not capture the full supply previously. USDT runs on several different blockchain networks, including Omni, ethereum, Tron and Liquid....)

Regarding mindrust. I'll try to summarize his in my view very controversial explanations (if not contradictory with the sound mind). He sold at $4Kish, because:

1. He was shocked in the middle of the night and the fear made him sell.
2. He was overinvested, which in his case meant $40K in bitcoins and $80K fiat reserves.   Many of us are 100% in Bitcoin regarding fiat savings, including myself. In his case mindrust had the luxury to defend his positons by buying more at lower prices. Or just wait for the recovery, which is only a matter of when, not if.
3. He felt betrayed because holders decided to sell and abandon ship. In reality not many holders sold everything. Rather many sold small portions of their stash at the same time in preparation for the next weeks without income.
4. He bought one whole bitcoin just before the crash and having 10 bitcoins turned into a heavy dissapointment. I also bought a greater amount than usual just before the crash. So what?
5. Tether is scam and when it dies, Bitcoin will die too. I can remember 2017 when tether almost died and logically people bought bitcoins with it, so the price increased 3x.
6. Bitcoin is too volatile, while the fiat and other assets are more stable. Yeah, sure. Crude oil, ahem. Fiat printers brrrr causing international financial crisis and inflations, ahem.
7. Covid-19 is so scary, so no point in keeping his bitcoins. Seriously? I can understand this only if someone is sick of some nasty illness requiring a lot of money for the treatment. Although, many of us would prefer another way of finding the money for that.
8. It is better to trade shitcoins because they are more volatile than Bitcoin?!?!?!?. For his bad luck shitcoins are doing really bad. As always.
9. It is better to trade USD vs EUR, since there was a lot of volatility recently. For his bad luck the exchange rate is almost frozen in the last weeks.

I think the only reason for mindrust sell was No. 1. The next reasons he made up as excuses not to buy again at $4500, as he claimed.  I'm really sorry for him because these two decisions obviously made him unhappy. And it is all about hope and happiness, which Bitcoin brings to the true holders. He may not realize it but he is becoming slowly into the next r0ach.