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

[ChartBuddy]

Explanation

[1714044163]

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[1714044163]

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[1714044163]

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[1714044163]

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[JayJuanGee]

also

Does not seem like anything even close to an appropriate comparison. In other words, NFTs are nothing like bitcoin.. There are a lot of potential complications with them whether we are talking about authenticity or other matters, so in that regard, NFTs are surely a different story... probably you should not have bought up that fad of the day crap in the first place...

Should not be comparing NFTs to bitcoin except that bitcoin is likely the ONLY NFT that matters.. each satoshi is its own unique snowflake.... and confirmed on an actual blockchain that cannot be fucked with.

[Biodom]

At some point adjustable rate mortgage people would be majorly screwed.
However, bitcoin is trading as if it is owned mostly by dumb asses (present company excluded) and not sophisticated investors.

Never forget

"It's the marginal idiot that makes the price"

(John M. Keynes about bitcoin)

brilliant...

[Biodom]

At some point adjustable rate mortgage people would be majorly screwed.

Does such a thing still exist? With rock-bottom interest rates for the last 10+ years one would have to be extremely special to have an ARM.

you are right, now only 2.6% of all mortgages or something similar, but will probably increase as we go to 4-5% on 10 year treasury (2.5-3% first, though).
Not many people would be able to afford 5-7% mortgages after the home price increases US had.
In 2000 we had booming economy and 8.5% 30 year mortgages, but the house prices were a small fraction of today's.
Inflation back then was relatively low, though.

[ChartBuddy]

Explanation

[Hueristic]

https://imgur.com/gallery/BwkKTL9

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[hisslyness]

https://imgur.com/gallery/BwkKTL9

Unless they make their way to the top, have an affair with the King, become another Queen, and then can move and kill any which way.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Krubster]

I gave up using LOOP (too expensive) and circular rebalance (too unreliable), and have found that setting default or low fees works as a good "organic" way of tempting transactions to route your way. Once you see activity, and liquidity starting to empty out your way, start cranking your rates.

My strategy of setting stupid low fee's to regain drained liquidity back to my end is proving problematic with popular sites like ln.nicehash - Can't seem to get it more than ~250,000 sats stabilized on my end before 10k sat transactions start wiping it out again back towards empty.

Thanks, that's some great advice. I tried this channel fee strategy yesterday and raised the fees on my drained channels, but I haven't seen any activity since. Although, it seems like my drained channels are like the problematic ones you described (nicehash and bitfinex).

I also tried lnd-rebalance (https://github.com/C-Otto/rebalance-lnd) yesterday. Definitely a better option for circular rebalance than e.g. RTL. Basically, what I does is, it will only rebalance if the cost is less than the future profits, and it will automatically keep searching for a route until it find one that is. E.g. if I want to rebalance 500k sats to a channel with 200 ppm, my future profit for that is 100 sats (500k*200ppm). Then it will only rebalance if it finds a route that cost less than 100 sats to do so.
 
Oh well, first of all I need to open more channels and also get some more inbound liquidity. I currently only have 6 channels with a total of 18M sendable and 12M receivable sats. Time to send some more sats to my node.

EDIT: Rebooted after adjusting the following in my lnd.conf

minchansize=5000000
bitcoin.basefee=1000
bitcoin.feerate=100
bitcoin.timelockdelta=18

I did a somewhat pricey mistake yesterday. My default rate for new channels are 1/1. I opened a 5M channel to bfx and left home shortly after, while the channel was still pending. Later when I came home the channel was open and completely drained, but I had only gained like 50 sats for all that routing.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

I gave up using LOOP (too expensive) and circular rebalance (too unreliable), and have found that setting default or low fees works as a good "organic" way of tempting transactions to route your way. Once you see activity, and liquidity starting to empty out your way, start cranking your rates.

My strategy of setting stupid low fee's to regain drained liquidity back to my end is proving problematic with popular sites like ln.nicehash - Can't seem to get it more than ~250,000 sats stabilized on my end before 10k sat transactions start wiping it out again back towards empty.

Thanks, that's some great advice. I tried this channel fee strategy yesterday and raised the fees on my drained channels, but I haven't seen any activity since. Although, it seems like my drained channels are like the problematic ones you described (nicehash and bitfinex).

I also tried lnd-rebalance (https://github.com/C-Otto/rebalance-lnd) yesterday. Definitely a better option for circular rebalance than e.g. RTL. Basically, what I does is, it will only rebalance if the cost is less than the future profits, and it will automatically keep searching for a route until it find one that is. E.g. if I want to rebalance 500k sats to a channel with 200 ppm, my future profit for that is 100 sats (500k*200ppm). Then it will only rebalance if it finds a route that cost less than 100 sats to do so.
 
Oh well, first of all I need to open more channels and also get some more inbound liquidity. I currently only have 6 channels with a total of 18M sendable and 12M receivable sats. Time to send some more sats to my node.

EDIT: Rebooted after adjusting the following in my lnd.conf

minchansize=5000000
bitcoin.basefee=1000
bitcoin.feerate=100
bitcoin.timelockdelta=18

I did a somewhat pricey mistake yesterday. My default rate for new channels are 1/1. I opened a 5M channel to bfx and left home shortly after, while the channel was still pending. Later when I came home the channel was open and completely drained, but I had only gained like 50 sats for all that routing.

keep feeding info on this.

it is looking like bots are running channels and looking for nodes to exploit (just a guess)

if true running a node with manual inputs we me hard to make work out well.

[bitmover]

Should not be comparing NFTs to bitcoin except that bitcoin is likely the ONLY NFT that matters.. each satoshi is its own unique snowflake.... and confirmed on an actual blockchain that cannot be fucked with.

This is an interesting concept.

Bitcoin is really something Unique (more than any NFT), although it is fungible.

For some time I have been thinking whether we will have NFTs on bitcoin blockchain one day. I believe NFT will definitely have a role to play in the future (specially in games, maybe even in some other killer app), and the most valuable blockchain is bitcoin's (so, the best blockchain to have an NFT).

Just like we have tokens (USDT) in bitcoin's blockchain, maybe in the future we can have an NFT.

[ChartBuddy]

Explanation

[NeuroticFish]

Bitcoin is really something Unique (more than any NFT), although it is fungible.

Actually, since it's pseudo-anonymous, Bitcoin is not really (100%) fungible...