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

[philipma1957]

Look at difficulty dropping.

this is the opposite of what happened from Jan 2018 to Sept 2018.

the difficulty was up at the end of every month as price was dropping.

This time the difficulty is dropping as price is dropping.

Yeah we could say it is the lack of chips so no new gear.

But this is a new pattern.

Which could mean a new price pattern will evolve in the next two- three months.

How has sha256 alt marketshare changed? If sha256 alts are doing stupid gains, it could be miners want to have some of that for themselves while BTC's price is wandering around in the wilderness.

no basically all the coins have dropped.

btc
btc alts
all other shit coins.

this is not what happened in the 2018 price drop.

most coins rose in difficulty while prices dropped most of 2018.

[1715338203]

1715338203

[ChartBuddy]

Explanation

[Sayeds56]

Probably posted already but a nice read up of why Bitcoin is important: https://bitcoinmagazine.com/.amp/culture/bitcoin-illusion-of-reality

Nice Blog worth reading. Bitcoin matters because it has profound impacts on our understanding of how the economy works and at the same time the technology behind Bitcoin is an incredible achievement in the field of distributed systems.

https://www.bing.com/search?q=why+bitcoin+is+important&form=ANNTH1&refig=209011e29c2e4d09984b1adaf2d408a0

https://www.youtube.com/watch?v=Ai5z2T4WhWg

[cAPSLOCK]

How many confirmations are needed to send yourself 1mm sats on the LN?

None, the channel exist already. When the LN channel is opened sometime before sending there will be Bitcoin on-chain confirmations for the multisig addresses created which later when closed will be a net total of all LN transactions within. The way I understood it now, after reading some more, segwit is only used when a legacy wallet is involved, with bech32 (multisig) wallet it is not needed, but could be wrong, still learning.

This is the beauty.  From the beginning we have heard how it would be impossible for the people of earth to effectively open channels since they take not one but two transactions (eventually), and I believe we are going to find ways to do it.  I think Strike is ahead of the game a little.  Frankly enough that we don't really get it.  And another complaint is the aspect of custodial-ness and kyc/aml.  I believe those hurdles will also be cleared by tech being used in interesting ways.

I just hope it's up to the flood that I think is coming.  Using things like WoS are going to spread like wildfire in Central and South America.  And I think many African countries are right behind.

Centralized services like WoS have some advantages because they can be managed by pros, while they have the obvious (and some less so) disadvantages as single points of failure, for example.

What I think is not yet commonly known is a silly little app like WoS is positioning themselves to be the foundation of a multi-billion dollar (and then more) virtual bank.

Visa needs to be very, very, very scared.  And they may end up trying to push legislation that will harm the growth of this, and yet... there is nothing they can do to stop it.

[ChartBuddy]

Explanation

[xhomerx10]

Hey Arrie, how are prickly Pete and the twins doing this morning? 

#nohomo

[ChartBuddy]

Explanation

[somac.]

Would someone give btc a couple viagras, damn thing just can't stay up.

[bitebits]

When having any doubts hodling:


https://bitcointalk.org/index.php?topic=238.msg2004#msg2004

[shahzadafzal]

When having any doubts hodling:


https://bitcointalk.org/index.php?topic=238.msg2004#msg2004

Something to note down...

- Bitcoin is a cryptocurrency
- Nodes based on the CPU Power

[Arriemoller]

Hey Arrie, how are prickly Pete and the twins doing this morning? 

#nohomo

Hello Homer
Just fine, thanks for asking.

[Arriemoller]

Seems like some normal weather is coming in from England.
Around 17:00 there will be a sharp drop in temperature from 29 to 21 and some rain. I'm soo looking forward to be able to sleep normally again. Laying flat in the bed with a fan blowing somewhat less hot air over your hurting body is not very sleep inducing.

If anyone wants to know the weather where I live, it's whatever the English had yesterday.
one of our Indian fellows (JSRAW I think it was), is in England right now I noticed a couple of pages back, but he didn't like the weather, probably used to that unbearable heat from his tropical jungles back home.

But I'm ranting, back to bed it is.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Toxic2040]

  Happy Father's Day to all you dad's out there for starters. I hope you all had a great day. For myself...it was one of the most special in my life...one of my daughters is getting married! Her boyfriend asked me for her hand in marriage today whilst we were out at the lake. He is leaving to join the Navy towards the end of the year and they felt it was the right thing to do. No..she is not pregnant...yet..and I dont believe they want kids for several more year for which I am grateful. But I could not ask for a better present than that. Feeling very blessed and extremely proud today.


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edit*

the evening wall report

Yes..its a battle out there...but we all knew this. Combat continues around the $35kish s/r level.$33k
Steady as she goes.

#dyor

1h



4h

#stronghands

[Hhampuz]

That was a fast $1k drop, hmm..

[El duderino_]

Out of nowhere…. Thought 36 and climbing again

Hmmm a surprising red one for the moment 

[El duderino_]

Congrats Toxic

[somac.]

That was a fast $1k drop, hmm..

Yeah, not good. I can't see us holding onto the 30s for much longer.

If it does go down hopfully it snaps back quickly.

[Toxic2040]

Congrats Toxic

Thanks Goose   


serious hourly happening..let it run its course and we will do what we always do..pick up the pieces and carry on