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

[BobLawblaw]

I'm forcing Rick to retire within the next 60 days, ergo, Bitcoin is going to moon to a new ATH.

Quote me.

[Arriemoller]

I'm forcing Rick to retire within the next 60 days, ergo, Bitcoin is going to moon to a new ATH.

Quote me.

Quoted.

[Biodom]

So far I was able to send tx only when I wanted for, at most 30c (7-8sats/byte) or so.
However, soon I would have to send a payment and if it is $15 (as it is currently projected), it would be somewhat annoying.
Now, picture the "enthusiasm" at 30K btc and imagine a fee then.
I am somewhat bewildered that almost nothing was done to alleviate this in 2017-2020 except a slow LN rollout.
It is entirely possible that paying with "onchain" btc will soon be a fools errand (for $100 size tx).
Maybe this is what Paypal aims at.
One component is missing, though, which is the ability to "fund' your paypal account with pre-existing btc.
I am not sure what I will use in the future, LN, paypal, Strike, etc, but i sure as heck would not be paying $15/tx, hopefully, unless btc moves into "state savings" domain and is at $1mil/btc or above.

if the 30K BTC is a single input. No difference to 0.3BTC on a single input. fees will be the same...

Sucks LN isn't making a bigger impact that we had hoped for. Can already hear the big block supporters in the background!

Side Note: 127,668 unconfirmed transactions

Maybe it is time to fire up the S13 again!

This is kind of obvious...
My point was not a number of bytes, but the "enthusiam" that would be there at 30K and above.
If 100mil people will try to squeeze their tx into available blocks, fees might go even higher.
Say, at $1000/tx only Saylor size tx are reasonable.

To commemorate Saylor's tx size, maybe we should get a 1Sr (or Say) at 17.5K btc, then 1millisay=17.5btc, 1 microsay=0.0175btc (currently worthabout $241), 1nanoSay=0.0000175 btc (currently a quarter worth). Or, perhaps make nanoSay or 10 nanoSay a Say (basic unit), currently worth either 0.25 or 2.5.
Then, pay with Says instead of small fractions of btc or large number (currently) of sats.

[Biodom]

I'm forcing Rick to retire within the next 60 days, ergo, Bitcoin is going to moon to a new ATH.

Quote me.

Quoted.

Do ghay people have headache excuses? I am curious.

[BobLawblaw]

Do ghay people have headache excuses? I am curious.

"I'm tired."

[cAPSLOCK]

I cannot really disagree with anything you said here, cAPSLOCK - even though you seem to be giving arguably positive press to scammer/shitcoiners

Hey... I'm just stating facts.  Any interpretive bias you sense is coming from your own selfie.

I don'tknow the future... but we all will once it's here.  Easy peasy.

[Phil_S]

What a coincidence... I think I'm going to retire this year too.

Not exactly my timing, just the company is going under, due to stupidity of the bosses.

Hoped to retire next year, but whatever! My wage slaving days are almost over.

[cygan]

Bitcoin (BTC) has spent nearly 100 days above $10,000 — and if history repeats itself, further price gains could be astronomical.

As noted by various social media users this week, as of Oct. 30, Bitcoin was just five days away from trading above $10,000 for 100 days.

https://cointelegraph.com/news/bitcoin-just-4-days-away-from-historically-bullish-10k-price-record

guys, start your engines and prepare your popcorn
in any case it will be a hopefully very exciting time

[bitebits]

Twelve years ago today, on Halloween 2008, exactly 491 years after Martin Luther nailed his theses to the door of Wittenberg Castle Church, the idea of Bitcoin was born. [...]

https://medium.com/@nic__carter/bitcoin-at-12-f6fce39cb9bb

[Toxic2040]

1   



happy birthday to a document that might be to economics, game theory and decentralised p2p networks as Einsteins theory of general relativity is to physics

a bold statement..i think it possible that it is true however

2




90 years young..a good life imo    you will be missed

3

this is outside my bailiwick...need some help here Bob


 

[Biodom]

All 2020 I was trying to maximize my fiat returns so i don't have to sell btc at the next peak (2021-2022).
The results are mostly OK so far, giving myself a nicer volatility cushion.
Will sell btc at some ridiculously high number (for this stage, such as 350-500K) in 2021-22, but probably not at 55K.

Here is a tease: got an alt that outperformed btc by 1000% or even more since Oct 2017 (till now).
What is that mystery alt? BTW, there was another with the same stats few mo ago- 100% sold that one already.
Shitcoins can "work" if you don't hold them very long term. An intermediate hold-6-18 mo (or even few years) can work in your favor.
Woonomic calls them "oscillators", which is very accurate.

I sincerely hope that @JJG would not have a spike in his/hers blood pressure while putting down such "revelations".
Take it easy, it's just numbers, everything will go back to btc...soon, but not yet.

[Last of the V8s]

Brian Brooks got his start in traditional finance before joining Coinbase in 2018 and is currently the acting comptroller of the currency. In this episode, he discusses:
● how his background in traditional financial services led him to take a position at Coinbase
● whether the role blockchain and crypto will likely play in the financial future is being recognized at the federal level
● whether or not banks have always had the authority to custody crypto for their customers
● how he expects things to unfold in the coming years as banks begin to become more involved in crypto custody
● his thoughts on Kraken and others launching crypto banks and whether it will lead to the founding of other crypto banks
● how his office is pushing for a national fintech charter, and how it could affect less crypto-friendly states
● whether banks that work with crypto companies supporting unhosted wallets are prohibited from holding stablecoin reserves
● whether or not OCC regulations cover DeFi, and the regulatory challenges that open source protocols present
● whether he sees a time when governments and regulators participate in the governance of crypto platforms
● what roles he thinks public and private sectors, as well as commercial banks, should play in the creation of a central bank digital currency
● what stance the OCC might take around privacy in blockchain transactions
● how U.S. regulators can offer more clarity to the crypto industry
● and how he thinks the pandemic, its effect on the economy, and the government’s response through stimulus will affect the crypto industry

https://www.youtube.com/watch?v=3DW7Q-4e5n0 Acting Comptroller of the Currency Brian Brooks on Crypto Banks

[Searing]

Bitcoin (BTC) has spent nearly 100 days above $10,000 — and if history repeats itself, further price gains could be astronomical.

As noted by various social media users this week, as of Oct. 30, Bitcoin was just five days away from trading above $10,000 for 100 days.

https://cointelegraph.com/news/bitcoin-just-4-days-away-from-historically-bullish-10k-price-record

guys, start your engines and prepare your popcorn
in any case it will be a hopefully very exciting time

Yep! I always use this song, Secret Agent Man, as my FOMO and PUMP Music.

look at the lines...it pretty much screams 'danger' like the song says, or at least back in the days of 'little faith'

Happy Bitcoin Day! https://bitcoin.org/bitcoin.pdf Bitcoin White Paper Link!

https://www.youtube.com/watch?v=nGZ0ntpSx2Y

Now a days, you just go outside, without a mask, at my age,  to a bar with drunk College Kids, and you 'live a life of danger!' sheesh....

other good FOMO  "Ferris Bueller's Day Off!" Songs from the Parade!

https://www.youtube.com/watch?v=tRcv4nokK50

I miss my 'youth', people just look 'strange' at me now when I do such stuff! Go figure?

Brad

[Biodom]

Brian Brooks got his start in traditional finance before joining Coinbase in 2018 and is currently the acting comptroller of the currency. In this episode, he discusses:
● how his background in traditional financial services led him to take a position at Coinbase
● whether the role blockchain and crypto will likely play in the financial future is being recognized at the federal level
● whether or not banks have always had the authority to custody crypto for their customers
● how he expects things to unfold in the coming years as banks begin to become more involved in crypto custody
● his thoughts on Kraken and others launching crypto banks and whether it will lead to the founding of other crypto banks
● how his office is pushing for a national fintech charter, and how it could affect less crypto-friendly states
● whether banks that work with crypto companies supporting unhosted wallets are prohibited from holding stablecoin reserves
● whether or not OCC regulations cover DeFi, and the regulatory challenges that open source protocols present
● whether he sees a time when governments and regulators participate in the governance of crypto platforms
● what roles he thinks public and private sectors, as well as commercial banks, should play in the creation of a central bank digital currency
● what stance the OCC might take around privacy in blockchain transactions
● how U.S. regulators can offer more clarity to the crypto industry
● and how he thinks the pandemic, its effect on the economy, and the government’s response through stimulus will affect the crypto industry

https://www.youtube.com/watch?v=3DW7Q-4e5n0 Acting Comptroller of the Currency Brian Brooks on Crypto Banks

Interesting...says that Harvard and Stanford endowments bought a lot of bitcoin. I knew of Yale before, not those two.

[Last of the V8s]

"The name's Eights. Vee Eights."
"Licenced to stack." "A bitcoin -
coinjoined, not tumbled."

[jojo69]

[nullius]

“Once is happenstance.  Twice is coincidence.  The third time, it’s a global-international Communist Capitalist kakocratic-plutocratic conspiracy to turn the ochlocratic insapient talking monkeys into meat-robots.”

[cAPSLOCK]

Good lord, the 2016 2017 energy is SOOO strong.  You gents remember this?

Making another run at it.

[Lambie Slayer]

I'm forcing Rick to retire within the next 60 days, ergo, Bitcoin is going to moon to a new ATH.

Quote me.

Quoted due to truthfulness and science.

[Lambie Slayer]

If anyone already posted this sorry, Im 700 pages behind. 

https://cointelegraph.com/news/bitcoin-just-4-days-away-from-historically-bullish-10k-price-record

"Bitcoin (BTC) has spent nearly 100 days above $10,000 — and if history repeats itself, further price gains could be astronomical.

As noted by various social media users this week, as of Oct. 30, Bitcoin was just five days away from trading above $10,000 for 100 days.

BTC price closes in on 100 days at $10,000
According to data from analytics firm CoinMetrics compiled by Twitter user Julio Moreno, after trading above certain price points specifically for 100 days, Bitcoin subsequently gained by an order of magnitude.

For example, after staying above $10 for 100 days, it took just 122 days for BTC/USD to reach $100. After cracking 100 days above $100, meanwhile, $1,000 appeared in just two days.

Looking at the difference between $1,000 and $10,000, the time period was longer — 150 days to crack five figures after trading at four figures for 100 days."