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

[ChartBuddy]

Explanation

[1714847607]

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[spiderbrain]

I expect some steam to pick up into tomorrow.  Since we are in a holiday in the US some folks will be paying more attention to their grill than the chart, God bless 'em.  But I think we should see some volume and a break out of this triangle, and if to the upside then I think we might see a run at the top of our channel.

Downside is more obvious and boring.

More downside is more obvious because it's guaranteed.

Could we at least got a little science on that?  Maybe a source?

I can confirm that the sauce was hot.

[cAPSLOCK]

This is cool...

Over the last few months my humble little lightning nodes have been used a LOT more for routing than they use to be.  A few months ago I could see just 1 or 2 transactions come through my node each week.  But now it's a totally different world.

In just MAY I have routed over a THOUSAND payments.  So...  from my vantage point the lightning network is actually being used.  My nodes are neither super connected, OR have lot's of value.  Both nodes have channel counts in the realm of DOZENS of channels, and with channel values typically in the 500k to 1mm sats range with a few 2-5mm sat channels as well.   So I am not expecting to route lots and lots of payments.  I think being a well used node requires a lot more commitment to channl count and balancing than I am willing to put in either from a work aspect or fees.  So I just try to keep my nodes in the "more than just for me" range.

Well damn if they are not working.  I was blown away to see 4 digits of forwarding events in my logs for this month.

One really fun one is the node "Podcast Index" which belongs to Adam Curry who is that MTV DJ that is considered the father of the podcast, and also is one of the pioneers for streaming payments via lightning.
In May routing to his node looked like this:



How cool is that?  I routed 236 payments to him for a total of like $3.63 lol.  My charge for doing it?  Less than a penny.  TOTAL!  Lol.  $0.00871

I am gonna leave my routing fees unreasonably low for as long as i can.  I do not want to even THINK about having to calculate taxes on this "income".

I am probably gonna sunset one of the nodes.  The one I made from scratch that was one of the first 200 nodes on the network.  It's running on a QNAP drive using a docker image for a BTC node and LND node that I cooked up myself.  Maintaining that has taken WAY more time than I am really willing to continue doing.  The only reason I have not shut it down is my pride...  Ah well.. whatever.  The little Raspiblitz node is MUCH easier to maintain anyway, and for some reason is getting much more traffic.

[goldkingcoiner]

It’s official guys...
“bitcoin is not banned in India: Reserve Bank of India confirms! 🙌“
https://twitter.com/btc_archive/status/1399419891548033024?s=21

Bearish news, now it can be banned again.

The sheer amount of shitposting everytime China or India bans crypto for the nth time is going to cause the BTCT servers to lag like hell again. How am I supposed to shitpost like this? I need people to know that I delude myself into thinking that leverage trading is a good idea by posting images of other people's lambos every now and then.

Well there is 80x leverage, and then there is 8x leverage.

There is also leveraging up and there is leveraging down.

Leverage scares this kitty cat, even if it were to employ some kind of tactical use of a stop loss.. ... yet I understand if employed judiciously, there could be some quite profitable hits that outweigh the various numerous previous losses (or future losses after such leverage advocate might get cocky after having had profited stupendously after a mistaken 80x leveraged profit.. not referring to any peep in particular regarding this hypothetical).

Lets be honest, high leveraging is way more fun than gambling, even if it's the same result in the end...

[ChartBuddy]

Explanation

[JayJuanGee]

@JJ is that you?


Edit: Nah nah my bad that's not you... You're WO exclusive!!!

U be talkin about me, willis?

I am not exclusive WO.. but yeah, so far, I have not really been mixing my interwebs nym with my real life presences..   there does seem to be some value in keeping such opsec separation, even though there is some value with public and real life presentations, too..... Sometimes online nyms are brought into the public or they become public, and sure if someone is on a panel then frequently their image becomes known, and I understand that some of those conference (in person) events do attempt to allow people to keep their nyms separate if they so prefer, but since the conference is so BIG, there are likely going to be some of us WO peeps attending such event (maybe even a significant number).

Actually, have you noticed that my laser eye avatar in recent times probably also helps to cover up a certain amount of identifying characteristics, so there is that angle, too.

Well there’s difference in online and real life of course but I don’t know why specially here on bitcointalk why I feel it more exclusive. May be people like to follow Satoshi footsteps? Why so much secrecy? It’s ok I understand in start it was unclear.. Bitcoin was shrouded in mysteries and everyone thought Bitcoin is a darkweb money. But now things have changed... we have passed that long back now Bitcoin isn’t a thing to be scared any more. In fact now it’s a thing of a pride. The older and richer you are in Bitcoin you got more respect.

We can see this on other platforms too people have came out and are advocating Bitcoin openly. I think because of Bitcoin you don’t need to hide your identity any more. I’m not sure when things will change on Bitcointalk or will never change who knows.

This is my personal thinking of course you guys can disagree and I accept that. There are pros and cons of being anonymous here on “bitcointalk” and list of pros will be longer

If you engage in behavior to try to break another members anonymity or their OPsec, you could get banned for that kind of behavior.  

So if it is not fairly clear to you that some people want to maintain anonymity, then not easy to explain those kinds of things to you.

One thing that I find in the real world is that people who do not have shit have tendencies to be way more open about what they do have and the fact that they do not have shit, so if you spend any amount of time thinking about what bitcoin is on either a personal level or a broader societal level you might appreciate that there may well be a decent amount of desire to separate real life person from nyms.. and furthermore, nyms can share way more details about a variety of circumstances if they feel that their opsec is not going to be breached... so in that regard, you might be able to share and find out way more specifics about personal financial circumstances, considerations and tradeoffs when you are hearing some of that information from a nym rather than someone who you meet in real life.

this market feels like its just waiting on another article to tank it 10%    

It certainly ain't in the chart at the moment.

that's the thing about charts they just show the past, one bad PR and the whole markets freaks  

If you believe that the market is about ready to tank, you might well be overly pee pared for ONLY one direction.  U better hope ur lil selfie that you did not fail/refuse to pee pare financially/psychologically for either direction.

[edited out]

Lets be honest, high leveraging is way more fun than gambling, even if it's the same result in the end...

Are u referring to the "royal" lets or the "non-royal" lets?

#justasking

[vapourminer]

Crypto?

What the fuck you investing in that amorphous shit for?

looks like JJG has borrowed programming from the reddit SATA bot on r/gpumining.. anytime the word SATA the bot activates and posts about not using sata plugs for power delivery.

i think you put "no bot" after the trigger word to stop the bot.

so, quick test....

CRYPTO



CRYPTO no bot

lets see what happens

[JayJuanGee]

Crypto?

What the fuck you investing in that amorphous shit for?

looks like JJG has borrowed programming from the reddit SATA bot on r/gpumining.. anytime the word SATA the bot activates and posts about not using sata plugs for power delivery.

i think you put "no bot" after the trigger word to stop the bot.

so, quick test....

CRYPTO



CRYPTO no bot

lets see what happens

Are u referring to the "royal" lets or the "non-royal" lets?^tm

#justasking






I'm going to say "bloody Mary" three times to see what happens, too.


#justasaying

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[nanobtc]

I present to you, my friends, A Monday Morning Long post after getting all coffeed up...

[snip]
Excellent post, merited. I only have one small nit to pick, this part, commonly misunderstood from Manfred Mann's, 'Blinded by the Light':
Wrapping Up (like a deuce, another runner in the night?)

A Deuce is a nickname for a 1932 Ford, the King Daddy of hotrods for many years. The correct phrase is:

Revved up like a deuce
Another runner in the night

[marcus_of_augustus]

... seeing as it's quiet in these parts here's something for the non-sterilised vaccinated chaps to ponder

https://medium.com/gigaohm-biological/5-concerns-about-sars-cov2-biology-a-call-to-pause-deliberate-and-revise-policy-493d18bdd826

If even only a small fraction of immunized individuals can be infected and spread the virus with less severe disease manifestation (as can be inferred from recent data)19,20, these individuals are a primary potential source for more dangerous new variants (VOCs) of SARS-CoV2. If there is any significant asymptomatic infection of vaccinated individuals, continued immunization beyond vulnerable populations should stop immediately; otherwise, the list of VOCs will continue to grow unabated21.

...

In other words, immunizing healthy individuals to the spike protein of 2020 will challenge Mother Nature to find ways to change this protein to adapt to and escape the pressure from immunization. When this happens, it will be the weakest of the immunized who are put in danger all over again. The unknown origin and unique spike protein biology of the SARS-CoV2 must be better understood before continuing large scale immunization in healthy, non-vulnerable citizens.

https://www.youtube.com/watch?app=desktop&v=PjQvnKClQ9Q

... some similar musings in an interview with immunologist
https://www.youtube.com/watch?v=BNyAovuUxro

... because of the Chinese genetically-engineered spike protein the sars-CoV2 virus RNA is unstable in the region coding the glycoprotein of the ACE2 receptor making it more susceptible to rapid mutation in that region of the RNA, then exposing it to evolutionary pressures in the human population of mRNA vaccinated that have a very specific response to that very same spike protein is going to put selective pressures on this virus towards an unknowable and potentially catastrophic outcome.

[ChartBuddy]

Explanation

[Biodom]

the sars-CoV2 virus RNA is unstable in the region coding the glycoprotein of the ACE2 receptor making it more susceptible to rapid mutation in that region of the RNA...

Unstable in some strange sense or prone to mutations?
That molecule being unstable thermodynamically (even if it is, which I doubt) makes no difference.
It is a single strand RNA, acting also as the mRNA, so that fact that it is 'unstable' does not preclude it from functioning in directing protein synthesis, quite successfully at that.
Typically, mutations occur during viral replication.
Natural selection favors variants which are more infectious, as simple as that.
Right now it does not matter (for viral evolution) how it came out to be-that's a different story.

[marcus_of_augustus]

the sars-CoV2 virus RNA is unstable in the region coding the glycoprotein of the ACE2 receptor making it more susceptible to rapid mutation in that region of the RNA...

Unstable in some strange sense or prone to mutations?

Has a highly unlikely arrangement of electrical charges.
https://www.business-standard.com/article/international/covid-19-has-no-credible-natural-ancestor-claims-new-research-121053100019_1.html

Sorensen said that four amino acids on the spike had a positive charge, which causes the virus to tightly cling to the negatively charged parts of a human, making the virus more infectious.

“The laws of physics mean that you cannot have four positively charged amino acids in a row. The only way you can get this is if you artificially manufacture it,”

Right now it does not matter (for viral evolution) how it came out to be-that's a different story.

... maybe you hope to wish this away but this statement has no scientific evidence or theory to back it up.

Virologists have messed with nature and let it be released onto humanity. Mother Nature is a bitch when it comes to payback on every other exhibition of hubris from scientists. Well shall see in due course if your belief that how the virus came to be in nature has no bearing on the final outcome, it seems to be basically an almost religious belief that scientists can't possibly fuck up catastrophically when it comes to human health. Good luck with that.

[ChartBuddy]

Explanation

[Biodom]

the sars-CoV2 virus RNA is unstable in the region coding the glycoprotein of the ACE2 receptor making it more susceptible to rapid mutation in that region of the RNA...

Unstable in some strange sense or prone to mutations?

Has a highly unlikely arrangement of electrical charges.
https://www.business-standard.com/article/international/covid-19-has-no-credible-natural-ancestor-claims-new-research-121053100019_1.html

Sorensen said that four amino acids on the spike had a positive charge, which causes the virus to tightly cling to the negatively charged parts of a human, making the virus more infectious.

“The laws of physics mean that you cannot have four positively charged amino acids in a row. The only way you can get this is if you artificially manufacture it,”

That guy is full of s-t. I spent 60sec to find several proteins with MUCH more than 4 positive aa in a row: here is one that has 6, 6 and 7 positively charged aa in a row.
https://www.uniprot.org/uniprot/P83213
More here:
https://onlinelibrary.wiley.com/doi/full/10.1002/adma.201905309

Right now it does not matter (for viral evolution) how it came out to be-that's a different story.

... maybe you hope to wish this away but this statement has no scientific evidence or theory to back it up.

There is: the darwinian evolution aka natural selection. The most effectively propagating forms are most likely to be selected in the wild. There is no positive selection for being deadly, in fact, it's the opposite.
This reminds me of a big scare with recombinant DNA tech in the seventies. People were afraid that modified bacteria (from the lab) will do us much harm in the wild, so procedures were designed to prevent it (contamination of environment by the lab strains). It turned out eventually that bacterial lab strains were not a match for much more efficient strains of the wild. There were a few papers written on the subject. If someone of you ever seen and compared a wild mice with a lab one-the lab one would not last a day in the wild...it is slow moving and inept.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Wekkel]

[...]

Over the last few months my humble little lightning nodes have been used a LOT more for routing than they use to be.  A few months ago I could see just 1 or 2 transactions come through my node each week.  But now it's a totally different world.

[...]

I see Bitcoin Lightning powered games coming up. Such as Thunder Games with 2 games (on Android, I don't know whether Apple already allows it).

In essence, you play games and earn tickets. The tickets give you a daily reward from a draw. 10-40 sats a day. I'm becoming a millionaire slowly ... and then suddenly.

The whole thing is of course paid by ads in the games. But I happily extract a few sats from advertisers each day.

Road to Riches.