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

[ChartBuddy]

Explanation

[vapourminer]

On a happier note it looks like France is building 14 new nukes. I am glad, happiness is a warm nuke.....

bonus with fission plants: you are your own nightlight.. no more hitting your big toe on the end tables and such when going to the loo in the middle of the night

cant wait for fusion plants to come on line. go tokamak!

[Moneyprism]

Five ChartBuddies in a row

Five ChartBuddy in a row = Five hours without WO gang post....

[machasm]

Anyone got any ideas on why the mempool has ballooned out over the last day to some 50+ blocks?

The silent millions are waking up to the fact that bitcoin is the only real money and they all want in?

If only.
I find the behaviour of mempool rather fascinating. It runs along nice and quiet then all of a sudden we find that it is backed up by 100M or more.
Usually when that happens it is either during a feeding frenzy (Like the 2018 blowoff top) or, more often than not, a bunch of weak hands scrambling for the exit.
Not sure what is going on this time though as price is hanging around in the 43-44 range without moving too far in either direction??

[becoin]

Anyone got any ideas on why the mempool has ballooned out over the last day to some 50+ blocks?

Number of transactions is about 10k. Obviously, some of those transactions must be really big in size. Soon they must drop out of the mempool on most nodes that have default bitcoincore settings.

[cAPSLOCK]

The fact that DOGE is transacting as much as ETH.

I don't know how to even process that info.

I don't want a bat slap... but I have a thought about DOGE and appropriately why Bitcoin will crush it into dust.

 Elon always talks about how Doge has something that makes it good to transact with that Bitcoin does not have.  Has he ever identified it?  I personally think the SEC might should be interested.  Even though that upsets my own libertarian tendencies.  Aside from high fees and a massive inflation... well it can only be one of those.

And why would anyone choose to do business on the chain that is guaranteed to lose value at a fast rate?  I know the classical answer is the velocity of money argument, but why would anyone expose themselves to that risk if they do not have to?  Bitcoin will never do that as long as it has not been captured and destroyed.

So it seems to me, if he is as smart as he likes to act?  The only motivation he could have is manipulation.  Right?  He's a weird hero/villain type isn't he?

[ChartBuddy]

Explanation

[philipma1957]

The fact that DOGE is transacting as much as ETH.

I don't know how to even process that info.

I don't want a bat slap... but I have a thought about DOGE and appropriately why Bitcoin will crush it into dust.

 Elon always talks about how Doge has something that makes it good to transact with that Bitcoin does not have.  Has he ever identified it?  I personally think the SEC might should be interested.  Even though that upsets my own libertarian tendencies.  Aside from high fees and a massive inflation... well it can only be one of those.

And why would anyone choose to do business on the chain that is guaranteed to lose value at a fast rate?  I know the classical answer is the velocity of money argument, but why would anyone expose themselves to that risk if they do not have to?  Bitcoin will never do that as long as it has not been captured and destroyed.

So it seems to me, if he is as smart as he likes to act?  The only motivation he could have is manipulation.  Right?  He's a weird hero/villain type isn't he?

it does not have a massive inflation

every year it exists its inflation rate is smaller than the prior year.

I rate it the second best coin to mine.

BTC = # 1
Doge = # 2  (pun intended)



doge year 1 = x coins
doge year 2 = 2x coins 100% inflation
doge year 3 = 3x coins   50% inflation
doge year 4 = 4x coins   33% inflation
doge year 5 = 5x coins   25% inflation
doge year 6 = 6x coins   20% inflation
doge year 7 = 7x coins   16.6% inflation
...
doge year 50 = 50 x coins
doge year 51 = 51 x coins 2% inflation

...
doge year 100 = 100x coins
doge year 101 = 101x coins 1% inflation


I would argue it is far better than the $ when it comes to inflation .

[fillippone]

❗️UKRAINE HEADLINES❗️
 
UK FOREIGN OFFICE ADVISE BRITISH NATIONALS TO LEAVE UKRAINE
 
PBS :  THE US BELIEVES RUSSIAN PRESIDENT VLADIMIR PUTIN HAS DECIDED TO INVADE UKRAINE, AND HAS COMMUNICATED THAT DECISION TO THE RUSSIAN MILITARY, THREE WESTERN AND DEFENSE OFFICIALS SAY

[ChartBuddy]

Explanation

[OutOfMemory]

❗️UKRAINE HEADLINES❗️
 
UK FOREIGN OFFICE ADVISE BRITISH NATIONALS TO LEAVE UKRAINE
 
PBS :  THE US BELIEVES RUSSIAN PRESIDENT VLADIMIR PUTIN HAS DECIDED TO INVADE UKRAINE, AND HAS COMMUNICATED THAT DECISION TO THE RUSSIAN MILITARY, THREE WESTERN AND DEFENSE OFFICIALS SAY

war mongering media at its best.
i have read similar headlines in national newspapers today, "referencing" Joe Biden. When reading the original speech, nothing in any way like this was said.
Seems like next war will be started by some MSM.

SMH

[suchmoon]

There is a couple of things wrong with this chart. First, scale... the BTC "penis" should be ~30x longer than ETH. It obviously isn't. Also BTC volume seems to be overstated by one or two orders of magnitude. Perhaps they included change amounts, not sure. More realistic numbers I've seen are around $5 billion per day or ~$60k per second.

[savetherainforest]

❗️UKRAINE HEADLINES❗️
 
UK FOREIGN OFFICE ADVISE BRITISH NATIONALS TO LEAVE UKRAINE
 
PBS :  THE US BELIEVES RUSSIAN PRESIDENT VLADIMIR PUTIN HAS DECIDED TO INVADE UKRAINE, AND HAS COMMUNICATED THAT DECISION TO THE RUSSIAN MILITARY, THREE WESTERN AND DEFENSE OFFICIALS SAY

Yeah... but how long will the radiation zone will extend from the blasts of those dirty old rockets (that they didn't gave up) that they will use from the soviet era??    

What kind of warheads are those?? .. 100% sure they are no more then a few kilotons each.    

[becoin]

❗️UKRAINE HEADLINES❗️
 
UK FOREIGN OFFICE ADVISE BRITISH NATIONALS TO LEAVE UKRAINE
 
PBS :  THE US BELIEVES RUSSIAN PRESIDENT VLADIMIR PUTIN HAS DECIDED TO INVADE UKRAINE, AND HAS COMMUNICATED THAT DECISION TO THE RUSSIAN MILITARY, THREE WESTERN AND DEFENSE OFFICIALS SAY

That is boring. It will get really interesting if some countries advise their nationals to leave UK and US. Russians believe Anglo-Americans have already decided to push their ukro-puppets in Kiev to invade Donbas.

[bitcoinPsycho]

I just hope Elwar has finished building bitcoin Atlantis

[lightfoot]

Russians in action:

https://i.imgur.com/RF9Yuv1.mp4

Should be fun to watch, my guess is for "exercises" just to show they did something.

This time.

[ChartBuddy]

Explanation

[JayJuanGee]

I just hope Elwar has finished building bitcoin Atlantis

Elwar is MIA.., again.. not the first time that he has pulled this kind of extended MIA.....

[bitcoinPsycho]

I just hope Elwar has finished building bitcoin Atlantis

Elwar is MIA.., again.. not the first time that he has pulled this kind of extended MIA.....

I just did a thing
Something bigger than before
Leaving it private




A haiku

 

https://www.iflscience.com/technology/plans-futuristic-atlantis-style-underwater-city-unveiled/


only kidding

[Cryptotourist]

There is a couple of things wrong with this chart. First, scale... the BTC "penis" should be ~30x longer than ETH. It obviously isn't. Also BTC volume seems to be overstated by one or two orders of magnitude. Perhaps they included change amounts, not sure. More realistic numbers I've seen are around $5 billion per day or ~$60k per second.

You’re so smart. Big fan. I love it when you talk dirty.

Elwar is MIA.., again.. not the first time that he has pulled this kind of extended MIA.....

I actually got a little worried earlier today - 5 buddies in a row - and no Jay, Juan or Gee.
Must be down for maintenance and bug fixes, I thought to myself.

Looking good Jay. The human C-bots are also MIA today. So peaceful.
Still have lightfoot and philipma to bash on, so I’m OK.