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

[Zedpastin]

Of course, historically I have frequently posted about the mature investor who already has some kind of investment portfolio and therefor I have always suggested for that kind of investor to figure out a way to allocate 1% to 10% into bitcoin, and there is largely ONLY vague reference to what the other investments might be because that would be largely off topic here.. and then if there is a brand new investor who does not have any other investments, then we would be more interested in establishing his/her bitcoin investment rather than figuring out what other investments that person might have or be considering... and I am not even opposed to starting out with only bitcoin and cash, and then once the bitcoin and cash portfolio is built up, then perhaps figuring out diversification after that, yet again there seems to be hardly any need to discuss what those other investments might be, if any.

This probably is not good investment advice but I think diversifying instead of investing all you can in Bitcoin would be a poor choice. Bitcoin is the most revolutionary thing that exists today and even if it is not used as a mainstream currency the potential to earn on it is bigger than any market I have invested in previously. I have researched many hours on what the best things are to invest in and my conclusion is the property market is always ok to invest in because there will always be demand and Bitcoin because the demand in freedom is always going to be higher than what we have in fiat. I think diversifying is good because you are not risking all your eggs in 1 basket but I think if you are not investing all you can afford into Bitcoin now you will lose out.

[Elwar]

On many of my lightning channels I charge no fee.  On some high traffic channels (that are not mainly streaming payments, or channels with a country that NEEDS BTC (Cuba, ES, Afghanistan, Venezuela)) I charge an absolutely minimal fee, in theory to discourage attacks, though I am not sure if 2 satoshis is enough to have an anti-spam effect on a ~$500 payment, lol...



Who says lightning can only handle very small payments?  My little computer the size of an Altoids tin routed a successful >1000000 sat payment!  And does frequently.  And I rake in a whopping $0.00097.  It'll take more than 100 of these to make me a whole penny.

I am watching my traffic very carefully, and it is most certainly increasing.  My channel with Podcast Index is my favourite with payments commonly between 1-3 satoshis.  I have records of facilitating payments EACH SECOND to this node at 3 satoshis each...  This is letting a podacaster earn $5hr for their content instead of the $3/hr they would earn if each of the forwards I took just 1 SAT.

Yes, I am losing potential revenue... But I am also avoiding having to report that as income lol.  And my very biggest reason to do it is to make it possible for these pioneers to spin this thing up and make it work.

Here is a fun little segment from my logs... with some of the sensitive info XXXX'd out.  3 sats per second!  My raspberryPi is helping make streaming payment possible!!!!

Code:

1630014001,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:40,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013942,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:39,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013881,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:38,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013825,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:37,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013762,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:36,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013701,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:35,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013640,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:34,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013582,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:33,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013519,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:31,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013461,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:31,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013401,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:30,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013341,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:29,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013282,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:28,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013221,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:27,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013162,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:26,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013103,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:25,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630013040,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:24,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012981,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:23,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012922,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:22,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012862,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:21,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012802,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:20,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012740,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:19,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012683,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:18,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012622,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:17,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012563,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:16,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012500,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:15,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012374,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:12,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012314,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:11,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012255,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:10,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012194,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:09,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012135,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:08,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012075,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:07,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630012014,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:06,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630011955,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:05,XxXxX.com / XXXXXORIGNNODE,Podcast Index
1630011894,redctdIncomingNode,redctdOutgoingNode,3,3,0,0,3000,3000,26/AUG/2021 22:04,XxXxX.com / XXXXXORIGNNODE,Podcast Index

I am certainly not against lightning node operators making money for routing payments... But I have to admit, I wonder if there are more people like me out there if it will make this catch on a little quicker?

I'm setting my Umbrel node at the moment. I plan to do the same, encourage use through low fees.

I used all of their recommended hardware but am ordering a new SSD to USB chord to replace the case and a new power chord that is the official Raspberry Pi one. It tends to disconnect from the SSD from time to time. The blocks are taking a long time to load due to either low bandwidth or some bottleneck between Panama and the peer nodes. Hopefully my node will help any future Panama nodes.

I look forward to using sphinx chat. May set up a seastead tribe for chatting.

[Zedpastin]

We should see several interesting dynamics come into play.

1. Prices will likely drop at merchants that take Bitcoin, and discounts for payment in bitcoin will be offered.
2. Wallets will begin to intelligently choose between on and off chain payments at certain thresholds.
3. Real competition in the lightning node fee markets will develop as you will not have the near monopolies the CCs currently are.
4. It will make sence to open channels to retailers you frequent the most.  The grocery store, and perhaps even the computer store.  And then you may be able to reduce your fees to 0, or close to it.

Banks will eventually do complex channel management, and i predict we might even see payment apps, that can use the lightning network branded by the bank.  Strike has shown the way, and banks may begin to realize they can do FIAT denominated electronic payments by using the lightning network backend.

When you think about it a little and start to see the future.. it's pretty amazing, in my opinion.

I will get to some of your post later on but what do you think about merchants creating and operating their own Lightening node. I think that would be more profitable for them and while not every merchant might have the knowledge to do it I think the bigger companies would open their own nodes and dictate their own fees. That could be problematic if Google started doing that because they could demand higher fees and still get business while smaller businesses would need to charge more for the product and would need to use lightening nodes which already exist or create their own with fees which would not compete with Google.

[sirazimuth]

https://bitcoinmagazine.com/culture/1-million-bitcoin-price-billionaire

However for Balaji it appears that there is another, perhaps more fascinating flippening that will come soon - the flippening of billionaires. He says that when bitcoin hits milestones like $100,000, there will be as many bitcoin billionaires as there are traditional billionaires. When bitcoin hits one million dollars, the world’s bitcoin and crypto billionaires will surpass the number of traditional billionaires.

I have no doubt that before I'm 6 feet under, my tiny stash could be worth in the $millions.
However, seeing how a loaf of bread and a gallon of milk at that future point in time will cost $1999.99, that's not really saying a lot.....

.....

I do not know why But i feel so much pity for People Who only learned about money in their life and just revolve their life about money.

......

Says the clown with "I
need 3 Bitcoins. Urgently .."
in their avatar.

Pretty sure you are just an idiot troll
who knows how, and loves to get quoted in the wob,
so I give you credit for that.   (< I know... this one is not a highcoo, oh well.... )

[ChartBuddy]

Explanation

[cAPSLOCK]

We should see several interesting dynamics come into play.

1. Prices will likely drop at merchants that take Bitcoin, and discounts for payment in bitcoin will be offered.
2. Wallets will begin to intelligently choose between on and off chain payments at certain thresholds.
3. Real competition in the lightning node fee markets will develop as you will not have the near monopolies the CCs currently are.
4. It will make sence to open channels to retailers you frequent the most.  The grocery store, and perhaps even the computer store.  And then you may be able to reduce your fees to 0, or close to it.

Banks will eventually do complex channel management, and i predict we might even see payment apps, that can use the lightning network branded by the bank.  Strike has shown the way, and banks may begin to realize they can do FIAT denominated electronic payments by using the lightning network backend.

When you think about it a little and start to see the future.. it's pretty amazing, in my opinion.

I will get to some of your post later on but what do you think about merchants creating and operating their own Lightening node. I think that would be more profitable for them and while not every merchant might have the knowledge to do it I think the bigger companies would open their own nodes and dictate their own fees. That could be problematic if Google started doing that because they could demand higher fees and still get business while smaller businesses would need to charge more for the product and would need to use lightening nodes which already exist or create their own with fees which would not compete with Google.

Oh, I think it will most certainly happen.  I can imagine merchants offering all kinds of incentives to connect to their nodes like they do with lines of credit today.  Including lines of credit.  Because merchants will figure out having a well connected payment node will make them money, and save them money.  And of course eventually there will be so many connected nodes with big channels that payments will work better and better as the network grows.  But one of the best incentives is if you have a channel to the grocery chain's node then payments can be basically free.  

Also (and somewhat disturbingly) the whole "buyer's card" thing also gets tossed in this scenario, because the data will be directly in the hands of the seller... they will know what you bought, when you bought it, etc.  Which is the reason for those little dumb cards now.

So like I said... I think the store will not only encourage you to open a channel to their node they might pay for it.

On the other hand, for many grandmas with smart phones all the channel management etc will be handled by the players building this stuff.  There is some pretty deep money to be made taking a seat at the table where Strike is currently one of the only ones sitting.

Where the real innovation lies for this?  Making all these things into a standards.  Everyday folks are not going to take the time to learn what lightning is.  They just need a way to pay for their stuff.  And the tech will do all of this on the back end.

This is where some folks are frightened by the centralization that this will incur.  And I understand that. But it is unavoidable.  There is no way to build these systems in a way that people will not take the "easy route".  Like a gmail account... The banks and merchants who do this well are going to have a really big seat at the table.

But like I frequently point out.  No one HAS to use ANY of it if they do not want to.  And "power users" will be able to keep their sovereignty as long as we keep the requirements to run a node low enough.

[El duderino_]

My mother just send me this photo, took it from out of her apartment in Rio…

Small protest, people want BTC regulations
 

[JayJuanGee]

Of course, historically I have frequently posted about the mature investor who already has some kind of investment portfolio and therefor I have always suggested for that kind of investor to figure out a way to allocate 1% to 10% into bitcoin, and there is largely ONLY vague reference to what the other investments might be because that would be largely off topic here.. and then if there is a brand new investor who does not have any other investments, then we would be more interested in establishing his/her bitcoin investment rather than figuring out what other investments that person might have or be considering... and I am not even opposed to starting out with only bitcoin and cash, and then once the bitcoin and cash portfolio is built up, then perhaps figuring out diversification after that, yet again there seems to be hardly any need to discuss what those other investments might be, if any.

This probably is not good investment advice but I think diversifying instead of investing all you can in Bitcoin would be a poor choice. Bitcoin is the most revolutionary thing that exists today and even if it is not used as a mainstream currency the potential to earn on it is bigger than any market I have invested in previously. I have researched many hours on what the best things are to invest in and my conclusion is the property market is always ok to invest in because there will always be demand and Bitcoin because the demand in freedom is always going to be higher than what we have in fiat. I think diversifying is good because you are not risking all your eggs in 1 basket but I think if you are not investing all you can afford into Bitcoin now you will lose out.

I cannot disagree with you, but I will still state that there are going to be significant amount of differences between the mature investor (just referring to someone who has already built a decently-sized investment portfolio not referring to smartness, sophistication or age) and the person who has no other investments or very few investments.

The mature investor has to first get off zero and has to likely figure out the amount of allocation that s/he is going to make towards bitcoin, if any, and surely I am with you in terms of the more aggressive approaches being much likely to be better, especially if we are talking about anyone with a 4 year or longer investment horizon.  Any mature investor also would need to consider how to get from zero to his/her target investment allocation.. and then potentially be studying bitcoin along the way too in order to tweak his her target amounts and/or other bitcoin allocation/management strategies.

The brand new investor might be a bit easier to advise in terms of suggesting to just start with bitcoin.. but let's say for example, the person only has a few hundred dollars of cashflow per month that could be invested, there could be some questions regarding how aggressive to be in terms of also making sure that such brand new investor does not get himself/herself into a pickle in terms of managing cashflow including having some kind of emergency that causes some possible need to cash out some or all BTC at a time that is not of his/her own choosing. 

Poor cashflow management for the newbie, or even unnecessary risk taking by more mature investors could put either one in either underperforming positions or even losing money on an investment that should be profitable given that it is likely part of a unprecedented wealth transferring system.

[Hueristic]

More of these, please.  Maybe someday I will put one up.tc

But I know a lot of folks think the Guy Fawkes mask is cool and all, but doesn't it sort of reinforce the "shadowy super coder", "bitcoin is being used for dark purposes" stereotype?

In the US probably nearly half of us would associate that with Antifa, and most of those people would not see it in a positive light.

-says a random pseudonymous dude on the internet...

it is likely a bank advert try to hurt btc

Not likely, they are the recipients of Brrrrr.

Occasionally you see some themes that are pro-bitcoin on the surface, but sending strange subliminal messages.

I have noticed this in quit a few instances as well.

[NIZZAONE]

hamster in a wheel
gon' send him to outer space
never will come down



pls 4 give me  

[JayJuanGee]

https://bitcoinmagazine.com/culture/1-million-bitcoin-price-billionaire

However for Balaji it appears that there is another, perhaps more fascinating flippening that will come soon - the flippening of billionaires. He says that when bitcoin hits milestones like $100,000, there will be as many bitcoin billionaires as there are traditional billionaires. When bitcoin hits one million dollars, the world’s bitcoin and crypto billionaires will surpass the number of traditional billionaires.

I have no doubt that before I'm 6 feet under, my tiny stash could be worth in the $millions.

You are talking about $10 million per coin then, especially if you expect that your 0.21BTC is going to be worth millions (minimum entry-size for "millions" is $2 million).

However, seeing how a loaf of bread and a gallon of milk at that future point in time will cost $1999.99, that's not really saying a lot.....

Lookie uie poo-ie - a pessimist.   

.....

I do not know why But i feel so much pity for People Who only learned about money in their life and just revolve their life about money.

......

Says the nocoiner clown with "I
need 3 Bitcoins. Urgently .."
in their avatar.

For further clarification, FTFY

Pretty sure you are just an idiot nocoiner troll

FTFY, too...

who knows how, and loves to get quoted in the wob,
so I give you credit for that.   

Lookie uie-pooie.  Sucking up to the nocoiner.   

(< I know... this one is not a highcoo, oh well.... )

You are forgiven.   kind of.   

My mother just send me this photo, took it from out of her apartment in Rio…

Small protest, people want BTC regulations
 

Regulations so that people stop making so much money?

[ChartBuddy]

Explanation

[JayJuanGee]

hamster in a wheel
gon' send him to outer space
never will come down



pls 4 give me  

Is that your own gif, NIZZAONE?

[NIZZAONE]

Is that your own gif, NIZZAONE?

yeah, had my funnyfiveminutes already 

[JayJuanGee]

Is that your own gif, NIZZAONE?

yeah, had my funnyfiveminutes already 

Surely not a bad piece.. even though I did not see any hamster contained within.. or even in the peripheries.

[NIZZAONE]

Is that your own gif, NIZZAONE?

yeah, had my funnyfiveminutes already  

Surely not a bad piece.. even though I did not see any hamster contained within.. or even in the peripheries.

thx    #nohomo

my haiku was to underline that space&golden rocket-theme anyhow... so the hamster is more a symbol, but surely now is glad and sittin in that golden spaceship 4 finding a better place  

[NIZZAONE]

...even though I did not see any hamster contained within.. or even in the peripheries.

kkk... FTFM



LOLROFL 

[LFC_Bitcoin]

@AWice
The last chance to buy Bitcoin under $50,000.

ATH retests have a way of popping off and inducing massive FOMO and attention.
https://twitter.com/awice/status/1432028899886600193?s=21

[NIZZAONE]

The last chance to buy Bitcoin under $50,000.

[ChartBuddy]

Explanation