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

[ChartBuddy]

Explanation

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[Richy_T]

I'd think if a mirror breaks down, all you have to do is place a fresh disk where the failing one was? That's the whole point of mirroring, or am I missing something?

I think software mirroring (by RAID or other system) is better, since the details can be reproduced easily on different processing hardware.

Please do correct me if I'm wrong.

Yes. Hardware raid is often an unknown quantity. The hard drives are still hard drives, of course and the companies could provide software that would read the drives but typically you're left looking for a replacement controller, sometimes on ebay. Software raid is much less of a burden on a modern system in any case.

The main thing with the software is to make sure you're monitoring your drive integrity. Hardware usually gives you a nice flashing warning light. I had both drives in a software mirror going bad and didn't know it because I hadn't got around to setting that part up. Luckily I managed to get everything off them just fine. You should be running regular smart checks on your drive with Linux anyway (I think Windows has finally caught up with that?).

[cAPSLOCK]

If this is a dedicated Bitcoin / Lightning node, have you considered RAID 1 with 2 or 3 drives? Or even 4... Some people may say that's a waste of space, but downtime should either be reduced or non-existent. Just hotswap failed drives, unless all 4 of them fail at the same time.

You know... it's worth working this out ahead of time too, because once you have a production node with actual MONEY on it, you are building yourself constraints.  I feel much better after shutting down my BIG node with more corn tied up in it, but I also fully expect my remaining little node will be worth well into the 6 figures USD eventually... possibly even this year.

But, again, I really respect rootzoll's choices when it came to the Raspiblitz design.  I think upgrading that node from a single SSD to a 4 drive raid array (or the like) would not be hard at all since he built it to where the data drive is just that, a big dumb storage unit.

I am pretty sure I could do a full BTC chain sync in the time that my HTLCs will last, but that will not always be the case, possibly...

It is really interesting seeing all this theory become real insofar as big/small blocks, and sustaining decentralization etc.  I think it is inevitable that we see a commercialization of the bitcoin node world, but it will remain decentralized.  ETH on the other hand?  There is no way it does not end up captured by some sort of "foundation" or cabal, or steering organization etc.  And ultimately all big blockchains go there...

[vapourminer]

I'd think if a mirror breaks down, all you have to do is place a fresh disk where the failing one was? That's the whole point of mirroring, or am I missing something?

I think software mirroring (by RAID or other system) is better, since the details can be reproduced easily on different processing hardware.

Please do correct me if I'm wrong.

i know when i ran mirrored 1 TB spinner drives when one tossed errors and failed the other kept on trucking. threw another 1 TB drive in (wasnt an exact match) and i had to run something in the built in raid bios (intel) and the mirror was back in raid 1 mode. this was on a Z97 intel board on windows.

so for sure a single drive from a mirror runs fine alone. i just had drive failure notices popping up in logs and status icons till i fixed it.

[JayJuanGee]

Woke up to check the bitcoin price

Let's be honest...

Yes.... let's be honest.  Not a bad place to be.. When in doubt, it is good to zoom out.... at least a weeeee bit... .

A pump to $46,8xx & within 5 minutes threatening to go below $44,000. The market is total bullshit atm.

I call this: "to give you hope", followed by triggering stop losses to get your coins. Well, not mine, I have no open Bitcoin positions.

Best of "open positions" with the king daddy is to be long - 4 years or more, and don't get worked up about various noise for ants in between... such as various less than 10% price moves.

Do you consider our lil blip of perhaps best $3,500 (so far).. and seeming short-term battle of today (including the past hour-ish fakening outening) is going to show on the radar?  2 years from now?  4 years from now?  10 years from now?

Seems to me that the further out we go, the more difficult it will be to find $3.5k ant moves (from $46,896 to $43,400 so far) (which is around 8% at best)... similar to our difficulties of currently appreciating $50 price moves today, even though $50 price moves were around 11% when BTC prices were in the lower $400s, just a few short years ago (early 2016)... 11% price swings is much greater than 8% price swings (so far).  #justsaying that we hardly even notice $50 price swings today...

I dunno. I'm a simple man. I just bought the dip. More coming? There's still some fiat itching to be turned into hard money.

I just bought a little too... in the $43ks.. I will just admit that I was just making up for a mistake that I made from last week and I had not yet had my $45k and $46k buy orders properly set when the BTC price quickly wicked down to $42,900... so my buy orders in the $43ks and $44ks had filled, and then later I made up for the $46k buy order.. but I ended up getting a wee bit greedy to fill in my seemingly BIG-ASS gap that was in the $43k and $44k arena by splitting my $45k buy order into three which just finished the last of the three parts.. and so next one is $42k and every $1k thereafter down to about $23k...

.....which holy moley.. hoping not to fill any orders below $40k or worse case scenario $33k?  Should not be talking so negative, right?  We are in a bull market, right?  Peeps are buying at this point if they have any cash left, right?  If peeps don't have cash left, next best thing is HODL, right?

[dragonvslinux]

Classic case of low volume = easy manipulation, whether up or down...

Looks like someone decided to liquidate some short positions in order to place their own  



Good time to be taking shitcoin profits back to Bitcoin by looks of it! Bitcoin dominance due a bounce, likely while BTC corrects a little further.

The market is total bullshit atm.

A gravestone doji is a bearish reversal candlestick pattern that is formed when the open, low, and closing prices are all near each other with a long upper shadow. The long upper shadow suggests that the bullish advance in the beginning of the session was overcome by bears by the end of the session, which often comes just before a longer term bearish downtrend.

https://www.investopedia.com/terms/g/gravestone-doji.asp

Only another 10% drop to go until $40K... so not much to panic about. People taking profits now are getting desperate. Patience is a virtue.

[Biodom]

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?".

<snip>

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.

I don't disagree, just wanted to point out that TL;DR is from @LFC..woonomic simply says: "Whales are opportunists...they do take the opportunity to buy when they see a strong rally ahead, like right now." and WW also states that we are in the middle of a bull run, although looking at his squiggly lines, nothing really jumps out to me, but, again, I am not a specialist.

[JayJuanGee]

but, again, I am not a specialist.

obviously


You are a specialist in whining, though.

[ChartBuddy]

Explanation

[serveria.com]

It's always darkest before the dawn they say so I guess we need this drama, some blood in the streets before the facemelting rally. 

[Wekkel]

Fontas back?

[Dabs]

Yeah... software raid seems to be the best right now. Some systems like old refurbished servers from HP and Dell, don't really allow you to not use the built-in hardware RAID, but you can always just configure it as JBOD or something and let the software handle the raid.

Then there's unraid and freenas / truenas.

[cygan]

how cool!


https://twitter.com/toshiwatcher/status/1437440267439706113

[Hueristic]

Yeah... software raid seems to be the best right now. Some systems like old refurbished servers from HP and Dell, don't really allow you to not use the built-in hardware RAID, but you can always just configure it as JBOD or something and let the software handle the raid.

Then there's unraid and freenas / truenas.

Software JBOD is the absolute worst method for data integrity.

It literally increases your chances of catastrophic data loss exponentially.

raid 6 is safest.

As was noted previously Jbear is a expert on the subject, I miss him.

[d_eddie]

Yeah... software raid seems to be the best right now. Some systems like old refurbished servers from HP and Dell, don't really allow you to not use the built-in hardware RAID, but you can always just configure it as JBOD or something and let the software handle the raid.

Then there's unraid and freenas / truenas.

And Nas4free, the open source heir of freenas, based on FreeBSD and rock solid.

[JayJuanGee]

Yeah... software raid seems to be the best right now. Some systems like old refurbished servers from HP and Dell, don't really allow you to not use the built-in hardware RAID, but you can always just configure it as JBOD or something and let the software handle the raid.

Then there's unraid and freenas / truenas.

Software JBOD is the absolute worst method for data integrity.

It literally increases your chances of catastrophic data loss exponentially.

raid 6 is safest.

As was noted previously Jbear is a expert on the subject, I miss him.

Oh my.



He's probably busy counting his many BSV coins...

[Dabs]

Yeah... software raid seems to be the best right now. Some systems like old refurbished servers from HP and Dell, don't really allow you to not use the built-in hardware RAID, but you can always just configure it as JBOD or something and let the software handle the raid.

Then there's unraid and freenas / truenas.

Software JBOD is the absolute worst method for data integrity.

It literally increases your chances of catastrophic data loss exponentially.

raid 6 is safest.

As was noted previously Jbear is a expert on the subject, I miss him.

Errr.. I was not advocating software JBOD, but the hardware raid that can not be turned off for certain machines. You force it to treat each individual drive as separate. Then you configure your software raid to use those drives and mirror them or do raid as required.

[Hueristic]

He's probably busy counting his many BSV coins...

In all seriousness he never really tried to shill he was just a misled fool in that regard.

What he was is the most articulate and knowledgeable "troll" we had in this thread and compared to all the pieces of shit we deal with here on a daily basis I found the vast majority of his posts to be insightful as well as factually accurate. He was a intelligent devil's advocate.

Except where big blocker shit came in!

[Hueristic]

Yeah... software raid seems to be the best right now. Some systems like old refurbished servers from HP and Dell, don't really allow you to not use the built-in hardware RAID, but you can always just configure it as JBOD or something and let the software handle the raid.

Then there's unraid and freenas / truenas.

Software JBOD is the absolute worst method for data integrity.

It literally increases your chances of catastrophic data loss exponentially.

raid 6 is safest.

As was noted previously Jbear is a expert on the subject, I miss him.

Errr.. I was not advocating software JBOD, but the hardware raid that can not be turned off for certain machines. You force it to treat each individual drive as separate. Then you configure your software raid to use those drives and mirror them or do raid as required.

That just needed to be clarified so no-one makes that mistake when setting up a node and expects it to be bullet proof.

[ChartBuddy]

Explanation