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

[ChartBuddy]

Explanation

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[1714093240]

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[1714093240]

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1714093240

[ChartBuddy]

Explanation

[OutOfMemory]

On another note, I am waiting on 3 new 1TB SSD drives and a dedicated UPS. Will be running them in RAID 1 with one spare, not much progress for now. box setup will be i5 (8th Gen) and 16GB RAM

cAPSLOCK, did you have your bitcoind running on the same box as lnd or they are separate?

I am planning on running this on Linux not Windows. I haven't had a full time linux box in the house since Slackware 13.37.... hmm just notice Slackware last major release was 2016...

Real servers run real UNIX (or Linux).
I would reconsider the SSD and use spinning discs. SSD's are shitty when it comes to data recovery and "disk crashes". i would also change the drive firmware to less frequent head parking values, to minimize wear on the drives. Lately, espicially since introduction of "green drives", manufacturers try to save power by parking heads in much shorter intervals.

jBreher would know a lot more about that, iirc.

three SSDs in raid 1 with a hot spare.. seems pretty solid setup to me but im no expert.

as far as data recovery with lightning wouldnt that be useless anyway? as by the time you could recover the lightning data the channel would be closed on the other end anyway. wouldnt it? not too familiar with lightning.

Fair point, don't know it either
If your raid controller fails, it's hard to get data off a single mirrored drive with most manufacturers, and software raids, too. (Ask Bob*)
I only know of one brand (Promise) where one was able to just mount and read a single mirrored disc on any IDE controller. That was in the 90s, though.
I'd run the system on single ssd, because if it breaks, i'd just mount a periodically updated shadow volume copy.

Question: If you have an older version of the blockchain, would the blockchain file be synched when the node joins the network, or will it be downloaded again?
Question2: Doesn't a Lighning node need a local copy of the chain, too?

* Speaking of Bob, i hope he's doing well with the fucking virus.
Any news since before the weekend i might  have missed on his health condition?

[OutOfMemory]

Woke up for something.
Not to check the bitcoin price,
I’ll spare the details.

Take a piss?
We're getting older 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[BurningChrome]

Woke up to check the bitcoin price

Let's be honest...

[El duderino_]

Market waiting mode,
Something is brewing I think…
Apple announcements??

[ChartBuddy]

Explanation

[retreat]

Bitcoin WO poetry

Woke up for something.
Not to check the bitcoin price,
I’ll spare the details.

Still Sunday, three hours
Football brings meaning to life
Time marches, drink beer.

Market waiting mode,
Something is brewing I think…
Apple announcements??

[ChartBuddy]

Explanation

[aysg76]

Some alts probably did good VS btc, but also complete shitcoin a have done good VS btc in history for example XRP, DOGE, ADA etc have had there momentum…. Those where like total crap
Some shitcoins viewed by wider public as coins with somewhat utility like DeFi shit SOL, FTM, ETH, AAVE… or exchange coins like Binance coin, FTT … so e have done good VS btc as well though there where always some, but it’s just momentum, BTC will always come back

Always remember those coins are here to take away your BTC’s, don’t fal for the momentum’s of the alt’coolaid

No doubt some coins have outperformed bitcoin in terms of profits and returns like for example if you have invested the $1200 stimulus check in various altcoins vs bitcoin then the return was somewhat like this

Bitcoin - $12-$13k
ETH - $27-$30k
Doge - $121k

But this was just normal thing because bitcoin prices are way too much to move heavily compared with the market cap as i have also said previously.Same thing happened with investors as they found the other shitcoins more lucrative and thought they would gain more profits from them instead of holding bitcoin.They converted their btc or invested in such coins in the hype and then end up losing all as those meme coins don't stand a firm future and the whales cash out profits and market started dumping and they do not have any btc and have shitcoins left with them only with no growth chances.

But bitcoin always bounced back like in the past and will continue the same pace even if dips to bottom support barriers so holders don't have to worry about it in long term.Comparing the past bitcoin returns with other coins would make much sense as in hype most of the scam coins are pumped and then they disappear with your funds.Bitcoin comes with security and profits of your funds which other coins don't guarantee you.

[LFC_Bitcoin]

When Golden Cross?

[savetherainforest]

I've got brand new shoes
Wearing them to break them in
Can not feel my feet

Get a shoe stretcher and save yourself the pain.



https://www.amazon.com/Shoe-Stretcher-Expander-Widener-shaper/dp/B07XK17S65/

Shoes are pretty. I have a bunch of them, some even from 10 years ago and are still as new. They hodl you for a very long time. But I wouldn't recommend starting to wear them all the sudden. U need a learning curve from snickers.    

The problem with Nikey's or Puma's or wtf brand of low life no-coiner you buy, they will ruin your feet on the long term because they are made to shape the feet in a manner that would make you look bad in the leather ones. So, wonky feet are a no-no for the leather version, because you will eventually need custom made shoes if you got distorted feet.   

[El duderino_]

https://twitter.com/bitcoinmagazine/status/1437358005868240903?s=21

This is the way

[ChartBuddy]

Explanation

[d_eddie]

Woke up for something.
Not to check the bitcoin price,
I’ll spare the details.

+1 WOsMerit



We don't want to know
Especially not a photo
So says JJG



#haiku

[d_eddie]

She's on the (n+1)th  fakeout. What a tease.

[d_eddie]

This could be a thing, especially if other governments follow the lead.

https://bitcoinmagazine.com/culture/el-salvador-to-exempt-foreigner-investors-from-tax-on-bitcoin-price-gains

[LFC_Bitcoin]

Willy Woo
@woonomic
https://twitter.com/woonomic/status/1437366337626468352?s=21
I posted this map of the BTC supply distribution, but many asked "but what does this mean?".

Well, it says quite a lot, this is the whole ecosystem talking to us. Since people didn't see what I though was in plain sight, I'll break it down and add a bit more colour.

👇



Supply Distribution of Bitcoin update.

Whales added recently. Minnows continue to stack. 10-1000 BTC holders mainly flat.

Reserves held publicly reducing (mainly exchanges and ETFs reducing while corporates adding).
https://twitter.com/woonomic/status/1436886237130878977?s=21



Willy Woo
@woonomic
1) Most importantly.

Bitcoin continues to distribute coins evenly. Publicly held and retail entities continue to gain more control of the supply while whales are reducing their control.

Remember the gold standard failed as a monetary standard due to centralisation of the supply




Willy Woo
@woonomic
2) Retail drives macro cycles. When retail stack their sats at an increased rate, like they are doing right now, it's the fundamentals saying we are in the middle of a bull market.

I repeat; middle of a bull market. Traders in disbelief 2 months ago when this data was shown.

https://twitter.com/woonomic/status/1437366348481400833?s=21



Willy Woo
@woonomic
3) Whales think coins are cheap right now.

Whales are opportunists. They're in a decade long diversification plan selling into every bull market having made their money.

But they do take the opportunity to buy when they see a strong rally ahead, like right now.

https://twitter.com/woonomic/status/1437366354768662532?s=21



Willy Woo
@woonomic
4) Publicly held coins show bullishness.

Corporates are long term holds, they are increasing.

Speculative inventories at exchanges are depleting as long term buyers step in.

ETFs remain flat, mainly because of the colossal GBTC fee (6600 BTC fees deducted and sold since Feb).

https://twitter.com/woonomic/status/1437366359784972293?s=21



Willy Woo
@woonomic
Data sources below.

On-chain forensics: @glassnode
ETFs: @glassnode & @woonomic
Corporates: @woonomic (via company reporting)
https://twitter.com/woonomic/status/1437366362305818629?s=21



TL;DR
We are going higher this year: much higher.