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

[machasm]

I can see several incoming and outgoing transactions in my wallet stuck for like 10-12 hours already. Some of them are even 8-11mb from tip. Why is that? Mempool full?   

There are only 12 blocks in the pool ATM so not very large. That said the average fees in those blocks do appearto be a bit higher than usual at around 9 sat/byte.
When it's quiet they have been as low as 1-2 sats.
Do you know what size fee you used?
It will probably go through in the next day if your not in a hurry.

[1714570054]

1714570054

[serveria.com]

I can see several incoming and outgoing transactions in my wallet stuck for like 10-12 hours already. Some of them are even 8-11mb from tip. Why is that? Mempool full?   

Use the Via Bitcoin free transaction accelerator -https://www.viabtc.com/tools/txaccelerator

Thanks, will try! 

[Paashaas]

Coronavirus Cases: 10,316,218. Deaths: 505,741. Recovered: 5,591,877

- Global cases rises with 1m per week.

- U.S sees new record jump in cases. 7 states report record hospitalisations.

- China has reinstated a strict lockdown near Beijing affecting around 400,000 people.

- Argentina tightens lockdown in Buenos Aires metropolitan area.

- Mexico confirms second highest deaths.

- Brazil confirmed more than 39,000 cases in a single day.

- India records its highest daily rise in cases. Soldiers have been called in to manage treatment centres in Delhi. Mumbai extends lockdown.

- Ukraine opens more hospitals to Covid-19 patients amid new high of cases.

- State of emergency in Bulgaria will be extended until 15 July.

- The UK has recorded more than 43,600 deaths, the highest by far in Europe.

- Spain health officials are monitoring 12 outbreaks.

- A cluster of new cases has emerged at a warehouse in Bologna, Italy. At least ten new clusters identified across the country.

- Gütersloh and Warendorf region in Germany moved into a localised lockdown since restrictions were eased in early May.

- Greece has extended its ban on direct flights from the UK and Sweden until 15 July.

- Iran reports highest virus deaths since April.

- Saudi Arabia closes borders to hajj attendees.

- Pakistan plane crashed after pilots distracted by Coronavirus fears, 98 people dead.

- Kazakhstan’s biggest city, Almaty, converting two sports arenas into Covid-19 hospitals.

- The Philippines has reported its biggest single day increase in infections.

- Coronavirus pushing millions of South Asia children into poverty.
 
- Most visitors from the U.S are set to remain banned from entering the E.U.

- Brazilian judge tells Bolsonaro to behave and wear a face mask.

- More than 1,000 Australian soldiers will door knock the two Victorian suburbs at the heart of the latest outbreak with residents offered free testing.

- Tennis player Novak Djokovic and his wife has tested positive for Covid-19 after ignoring social distancing during his Adria Tour.

- Over 1,000 Qatar world cup workers test positive for Covid-19.

- Panic buying toilet paper resumed in Australia.

[NeuroticFish]

Germany has something similar, but it turned out to need to move your coins in a custodial wallet, which sux.

Do you have a source for this? First time i heard about a obligatory use of a custodial service.

I've read it on my local forum, here's the original post.
Also (google) translated is here.

[toknormal]

- Global cases rises with 1m per week.

A "pandemic" of testing. (...for saline saliva).

[JayJuanGee]

My shitcoins bags are pumping.. now i am only -98% down  

JSRAW@ 2020 are really worsened year for everyone. Not only that one word more about shitcoins and that's not all, some shitcoins are just showing price pumping but they have no real value holder are losses money and time developer or intelligent people delectation.
 https://prnt.sc/t8dfdt

I understand that we throw out some random ideas to either bash on shitcoins or to admit that some of us might hold some of that shit, but really it is better NOT to get too much into the weeds in regards to shitcoin performance relative to bitcoin or even attempt to extrapolate that there is much if any meaningful correlation that can be tied to whether shitcoins pump or dump relative to bitcoin.

Of course, in the longer run, many of us long term BTC HODLers are inclined to believe that there are good chances that all shitcoins are going to lose value in comparison to bitcoin, but many will also concede that the long run could take a fucking long time to play out and shitcoins might have a pump or two or three left in them without really exactly knowing which version of shit is randomly going to pump to give hopium to various normies who are easily distracted into shitcoin talking points.. especially, the more newbie they are, the more likely that they might get distracted into shitcoins because they remain reasonably unclear about what exactly distinguishes bitcoin from shitcoins.. so surely any kind of in the weeds discussion of shitcoins tends to NOT be a good area to pursue in these here parts - beyond just cursory bashing, here and there, at will.   

[Hueristic]

I can see several incoming and outgoing transactions in my wallet stuck for like 10-12 hours already. Some of them are even 8-11mb from tip. Why is that? Mempool full?  

Use the Via Bitcoin free transaction accelerator -https://www.viabtc.com/tools/txaccelerator

WTF is this?

2. Paid Acceleration: You must sign in to use this service. The fee will be deducted from your BCH account balance. If the available balance is insufficient, you will then need to deposit to continue.

What should we do to solve jam problem

    Essentially, the key to solving jam problem is to increase or even remove block size limit but Bitcoin Core developers keep refusing to do so to allow more people to use Bitcoin, regardless of the Bitcoin white paper and signed consensus.
    In this case, a group of big block supporters initiated the first hard fork of Bitcoin increased the block size to 8MB, with a forked digital asset born - Bitcoin Cash (BCH).
    BCH does all what Bitcoin can and does it better in a more flexible way. What’s more, much lower fees and faster confirmations makes it more user-friendly, following the core principles of “Bitcoin”.
    Therefore, we should support Bitcoin Cash and big blocks.

[Biodom]

I can see several incoming and outgoing transactions in my wallet stuck for like 10-12 hours already. Some of them are even 8-11mb from tip. Why is that? Mempool full?  

Use the Via Bitcoin free transaction accelerator -https://www.viabtc.com/tools/txaccelerator

WTF is this?

2. Paid Acceleration: You must sign in to use this service. The fee will be deducted from your BCH account balance. If the available balance is insufficient, you will then need to deposit to continue.

That's Bitmain's pool. What else to expect?

[Hueristic]

I can see several incoming and outgoing transactions in my wallet stuck for like 10-12 hours already. Some of them are even 8-11mb from tip. Why is that? Mempool full?  

Use the Via Bitcoin free transaction accelerator -https://www.viabtc.com/tools/txaccelerator

WTF is this?

2. Paid Acceleration: You must sign in to use this service. The fee will be deducted from your BCH account balance. If the available balance is insufficient, you will then need to deposit to continue.

That's Bitmain's pool. What else to expect?

Ahh, fuck them.

alternatives?

[LFC_Bitcoin]

Use the Via Bitcoin free transaction accelerator -https://www.viabtc.com/tools/txaccelerator

WTF is this?

2. Paid Acceleration: You must sign in to use this service. The fee will be deducted from your BCH account balance. If the available balance is insufficient, you will then need to deposit to continue.

What should we do to solve jam problem

    Essentially, the key to solving jam problem is to increase or even remove block size limit but Bitcoin Core developers keep refusing to do so to allow more people to use Bitcoin, regardless of the Bitcoin white paper and signed consensus.
    In this case, a group of big block supporters initiated the first hard fork of Bitcoin increased the block size to 8MB, with a forked digital asset born - Bitcoin Cash (BCH).
    BCH does all what Bitcoin can and does it better in a more flexible way. What’s more, much lower fees and faster confirmations makes it more user-friendly, following the core principles of “Bitcoin”.
    Therefore, we should support Bitcoin Cash and big blocks.

That’s why I said use the ‘free’ accelerator ———>

[toknormal]

but really it is better NOT to get too much into the weeds in regards to shitcoin performance relative to bitcoin...

...other than to note that sh*coins are the "lungs" of bitcoin and one of the reasons that bitcoin has managed to grow sustainably over the last few years of its existence

This is why we see a continuous long term decline in dominance coupled with a sustained long term growth in price, because the octupus head needs tentacles that have the technical, monetary and commercial versatility to reach into the corners that the head doesn't, albeit that those tentacles may themselves not outlive the head, interchangeability being one of their strengths.

[DeathAngel]

Observing $9186, I have a feeling that if we close today over $9150 we might get a mini pump tomorrow, breaking through resistance to $9500 or higher. Time will tell, we’ve been in a tight trading range for a while now, I feel like there has been plenty of time to accumulate, we’re set to move up soon.

[AlcoHoDL]

I just ordered pizza... Too much healthy food lately, needed some "dirty" calorie intake.

At least BTC is mini-pumping, so all good! 

[cAPSLOCK]

I can see several incoming and outgoing transactions in my wallet stuck for like 10-12 hours already. Some of them are even 8-11mb from tip. Why is that? Mempool full?  

Use the Via Bitcoin free transaction accelerator -https://www.viabtc.com/tools/txaccelerator

WTF is this?

2. Paid Acceleration: You must sign in to use this service. The fee will be deducted from your BCH account balance. If the available balance is insufficient, you will then need to deposit to continue.

That's Bitmain's pool. What else to expect?

Ahh, fuck them.

alternatives?

I believe this situation is exactly why "replace-by-fee" was introduced.  Not sure what wallets support it aside from Electrum, I think.  Probably others.  And yeah... don't pay damned VIABTC anything.  An enemy of bitcoin.

[Torque]

but really it is better NOT to get too much into the weeds in regards to shitcoin performance relative to bitcoin...

...other than to note that sh*coins are the "lungs" of bitcoin and one of the reasons that bitcoin has managed to grow sustainably over the last few years of its existence

This is why we see a continuous long term decline in dominance coupled with a sustained long term growth in price, because the octupus head needs tentacles that have the technical, monetary and commercial versatility to reach into the corners that the head doesn't, albeit that those tentacles may themselves not outlive the head, interchangeability being one of their strengths.

Shitcoins aren't part of the "foundation" of the crypto ecosystem. They are the distraction from it.

[toknormal]

Shitcoins aren't part of the "foundation" of the crypto ecosystem. They are the distraction from it.

Only in a philosophical sense. Such as saying that a "vibrant economy is a distraction from gold as a store of value".

True in a particular philosophical perspective, but less than useful when it comes to allocating capital.

[JayJuanGee]

Bitcoin available in Australia post offices.

Bitcoin has been available at many post offices in the EU for years -> BTC Post offices

But if you want a real paradise for all crypto lovers come to Croatia and visit BitcoinStore, buy/sell crypto without any ID/KYC in the amount of 15000 HRK (2000 EUR) daily. If even that is not enough, hold your coins for at least 2 years after purchase and pay exactly 0% tax after sale

If I was croatian law enforcement, I would put a spy cam on that shop.

If someone is coming 10 times or more a year, start looking at how (s)he makes his/her money.

Are you with us or against us, aesma?   

Your post, aesma, caused me to look at the link one more time, and even though they are called "Bitcoin Store" they surely offer a lot of shitcoins, too (around 50 of them or so?).  Don't want to get into those shitcoin details, yet any member could peruse the "rate" link and see the numerous shitcoins that are being offered.

[Hueristic]

Bitcoin available in Australia post offices.

Bitcoin has been available at many post offices in the EU for years -> BTC Post offices

But if you want a real paradise for all crypto lovers come to Croatia and visit BitcoinStore, buy/sell crypto without any ID/KYC in the amount of 15000 HRK (2000 EUR) daily. If even that is not enough, hold your coins for at least 2 years after purchase and pay exactly 0% tax after sale

If I was croatian law enforcement, I would put a spy cam on that shop.

If someone is coming 10 times or more a year, start looking at how (s)he makes his/her money.

Are you with us or against us, aesma?   

Your post, aesma, caused me to look at the link one more time, and even though they are called "Bitcoin Store" they surely offer a lot of shitcoins, too (around 50 of them or so?).  Don't want to get into those shitcoin details, yet any member could peruse the "rate" link and see the numerous shitcoins that are being offered.

Seems the website portal has a $200 limit for purchasing without an account. I haven't tried the site at all though, just an observation.

[JayJuanGee]

However, the 2k EUR/day should be more than enough for everybody

You gotta be kidding? 2k/day is defo not enough for hookers/lambo/blow type of lifestyle...  

It's called delayed gratification, serveria...

Personally, I am not currently consuming my BTC, but I would imagine anyone who even invests around 2k euro per bi-weekly would likely be in a decent position for hooker, lambos and blow consumption with a 5-year investment timeline after their BTC purchases.. even though we know that the later that you get into BTC, then the more difficult it would be to get as much bang for the buck - and to the contrary, the earlier that you got in, the more that you can see that your BTC investment has paid off, especially compared with other assets, such as comparing to equities or gold.

Those of us who started our BTC investment 5 years or more earlier, surely would be in a decent position to be engaging in the consumption of hookers, lambo and blow, even in current times, seems like.

Let's just use a $2,250 per Bi-weekly (current exchange rate), and look back at where we would be today in terms of a five year investment into BTC as compared with gold and equities, using dcabtc.com.

I think that currently having 270BTC after 5 years of investing $2,250 every two weeks (adding up to $300k invested and $2.5million in current value) is surely in a decent set-up position to soon be going down the hookers, lambo and blow consumption.  7.5x investment is not a bad place to be, yet if we are attempting to be somewhat realistic, it would be difficult for anyone even to maintain $1,000 per month investing into BTC, unless they are reallocating and already decently well off.

By the way, from my own experience, I do appreciate that there are some folks who may have accumulated a decent investment portfolio in various assets over several years of their investing life, and maybe even accumulated $500k or $1million or more in terms of the size of their investment portfolio, and someone like that might want to be a bit more aggressive in term of their BTC allocation and even front loading and even appreciate having something like a $2,250 per day investment potential.

So, someone like that would maybe want to invest $100k into bitcoin and might want to invest $500 or $600 per day for the next 6 months in order to front load invest into BTC.  But if they just started out 6 months ago, even they would not yet have seen price appreciation of the value of their BTC portfolio, with around 12.2 BTC accumulated in order to help set themself up for future consumption of hookers, lambos and blow.

On the other hand, if they had put that same $100k value into bitcoin 5 years ago and spread that investment over 6 months, then they would have accumulated around 354 BTC, which might be pretty damned close to getting started in the consumption of hookers, lambo and blow (at least decently set up for such in the near future).

Bitcoin available in Australia post offices.

Bitcoin has been available at many post offices in the EU for years -> BTC Post offices

But if you want a real paradise for all crypto lovers come to Croatia and visit BitcoinStore, buy/sell crypto without any ID/KYC in the amount of 15000 HRK (2000 EUR) daily. If even that is not enough, hold your coins for at least 2 years after purchase and pay exactly 0% tax after sale

If I was croatian law enforcement, I would put a spy cam on that shop.

If someone is coming 10 times or more a year, start looking at how (s)he makes his/her money.

Are you with us or against us, aesma?    

Your post, aesma, caused me to look at the link one more time, and even though they are called "Bitcoin Store" they surely offer a lot of shitcoins, too (around 50 of them or so?).  Don't want to get into those shitcoin details, yet any member could peruse the "rate" link and see the numerous shitcoins that are being offered.

Seems the website portal has a $200 limit for purchasing without an account. I haven't tried the site at all though, just an observation.

Interesting "minor" detail that could either ruin dee moo or cause a party to prematurely poop.    

[El duderino_]

Had to boost paashaas for his continue updates in here .... always on point and always much work in those...

So merited a bit extra for forgotten times or when I was out...

Cheers