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

[machasm]

There has been 11 blocks found in the last hour so that seems pretty quick to me since there should be 6 blocks per hour on average.
1 every ten minutes ideally.

so are they full or empty?

Yeah they are full and still have another 23 lined up in a backlog. Just stating that the mining of blocks is happening pretty quickly (faster than 1 every ten minutes). I suppose there are more transactions occurring than can be mined in that time.
Check out https://mempool.space/ for a visual representation of current chain activity.

[1714174226]

1714174226

[1714174226]

1714174226

[LFC_Bitcoin]

[bkbirge]

The margin call on this leverage might not be worth it...
https://cointelegraph.com/news/texas-man-allegedly-used-11m-in-covid-19-relief-funds-to-buy-crypto

According to law enforcement, as of June 30, the money invested remains in Argires’ Coinbase account. Officials noted that the funds have already generated a profit

[Biodom]

The margin call on this leverage might not be worth it...
https://cointelegraph.com/news/texas-man-allegedly-used-11m-in-covid-19-relief-funds-to-buy-crypto

According to law enforcement, as of June 30, the money invested remains in Argires’ Coinbase account. Officials noted that the funds have already generated a profit

Too greedy.
If he just got the loan, then hired a few people and waited a few months no charges would have probably ensued, but now he is busted.
In fact, I bet that a significant %% of PPP loanees did just that (shady accounting) and kept the money.

[El duderino_]

Wider range brother ..... not buying at 3-4K fomo when ATH‘S are being broken

[DaRude]

The margin call on this leverage might not be worth it...
https://cointelegraph.com/news/texas-man-allegedly-used-11m-in-covid-19-relief-funds-to-buy-crypto

According to law enforcement, as of June 30, the money invested remains in Argires’ Coinbase account. Officials noted that the funds have already generated a profit

He should be jailed just for using coinbase

[Dabs]

Maybe he didn't know better? I mean, putting $900k in 5 wire transfers ... and oh, hi everyone!

[DaRude]

Maybe he didn't know better? I mean, putting $900k in 5 wire transfers ... and oh, hi everyone!

Well i didn't say shoot him, if he knew about coinbase and still used them, then it should be an automatic death sentence. As far as 5 wires, would make sense to limit 3rd party exposure, but looks like he kept the coins on coinbase so yeah, jail him

[gentlemand]

Well i didn't say shoot him, if he knew about coinbase and still used them, then it should be an automatic death sentence. As far as 5 wires, would make sense to limit 3rd party exposure, but looks like he kept the coins on coinbase so yeah, jail him

I would lend my support to driving a steam roller with spiky wheels 119 times over his face.

[serveria.com]

Voted July in the poll... yeah I know I'm a retarded hardcore permabull  

[El duderino_]

Voted July in the poll... yeah I know I'm a retarded hardcore permabull  

#metoo

[LFC_Bitcoin]

I voted August, sorry not sorry 

[Indymoney]

I voted August, sorry not sorry 

My Vote is also August I am feeling we will go good.

[LFC_Bitcoin]

I voted August, sorry not sorry 

My Vote is also August I am feeling we will go good.

$11,000 by September.

Source: Straight outta my ass!

[Indymoney]

I voted August, sorry not sorry 

My Vote is also August I am feeling we will go good.

$11,000 by September.

Source: Straight outta my ass!

[DaRude]

Well i didn't say shoot him, if he knew about coinbase and still used them, then it should be an automatic death sentence. As far as 5 wires, would make sense to limit 3rd party exposure, but looks like he kept the coins on coinbase so yeah, jail him

I would lend my support to driving a steam roller with spiky wheels 119 times over his face.

I dig that, new anti-coinbase enforcer. Oh you use coinbase, and you admit it? Well, step right here...

[xhomerx10]

whats up with the mempool??

Hashrate @ath and still we are congesting?

Hashrate has nothing to do with how quickly we clear the mempool.

Well, I suppose if the recent difficulty adjustment was higher than today's current hashrate we could see block times slow down just a little... but that's also normal.

Difficulty is a tad too high, block times remain wonky. Somebody sent me a 4 sat/byte tx 2 days ago and it still hasn't confirmed :/

Is 4 sat per byte too low to run through Via Bitcoin free transaction accelerator?

 Yeah, ViaBTC has a minimum of 10 sat/byte (0.0001 BTC/kB) requirement.  You can pay to accelerate but the fee is payable in BCH  and you have to sign up for an account with them as well 

[Elwar]

Capital Gains tax holiday

https://americanindependent.com/larry-kudlow-tax-cuts-coronavirus-stimulus-donald-trump-economy-capital-gains-covid-19/


Step 1: Cash out all bitcoin on Capital Gains tax holiday
Step 2: Buy all bitcoin back the next day.
.
.
Step 4: Pay capital gains only on the price at current levels instead of on $100/BTC.

[fillippone]

Market sensitive news:

*Moderna CV19 Vaccine Produced Antibodies in All Patients Tested*

-Moderna Inc.’s Covid-19 vaccine produced antibodies to the coronavirus in all patients tested in an initial safety trial, federal researchers said.
The neutralizing antibody levels produced were equivalent to the upper half of what’s seen in patients who get infected with the virus and recover
-The Moderna vaccine is one of the farthest along for Covid-19.
-Final-stage trial of RNA vaccine slated to start on July 27th

2 possible caveats :
-the initial trials hint at substantial side effects
-the sample was only made of patients who are from age 18 to 55.

[cAPSLOCK]

Capital Gains tax holiday

https://americanindependent.com/larry-kudlow-tax-cuts-coronavirus-stimulus-donald-trump-economy-capital-gains-covid-19/


Step 1: Cash out all bitcoin on Capital Gains tax holiday
Step 2: Buy all bitcoin back the next day.
.
.
Step 4: Pay capital gains only on the price at current levels instead of on $100/BTC.

As much as I like that law at first glance it would CRUSH markets.  Decimate them.

They should let each investor do it on their birthday.