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

[Blue King]

Bitcoin new update.and strong support 40k USD. today Bitcoin price 42.8k USD.
   (https://twitter.com/BitcoinMagazine/status/1512406851698135044)

[ChartBuddy]

Explanation

[hisslyness]

Screw this, my lightning node sucks.

I suspect I'm missing out a ton of routing because I'm running a tor node. Currently, my node has a capacity of 2.55 BTC with 47 channels, but I'm barely seeing any activity. According to lnrouter.app my average channel response time is 2.4 sec and my node response time 0.6. That's far from impressive...

If I'm going to run a lightning node, I might as well do it properly. I'm thinking a new baremetal server with a mini atx motherboard, a ryzen 5 processor, 16 GB ram and 2x 2TB SSD (for a RAID setup). After that, mitigate my node to this new dedicated server, running a RaspiBolt clearnet node.

With a new setup like this, I'm ready to add enough funds to build a node with 10+ BTC capacity and 100+ channels.

Ok, let's do this. Time to go shopping.

I personally have never been a big fan of raspberry pi as the main brain for bitcoind and lnd.

When i went down this path, i knew it was going to be on a bare metal computer and not a raspberry pi or similar. I also wanted to build, install and configure everything from scratch to really understand how things work "under the hood" and why it is done that way.

I ended up with the following hardware spec, most were just laying around... collecting dust...

LN Node Type: ClearNet (8DegreesWO)

Intel(R) Core(TM) i5-6400 CPU @ 2.70GHz
Corsair 16GB DDR4
Gigabyte ITX Board (Small Form Factor)
3 x 1TB Samsung PRO SSD (2 Drives in RAID1 with 1 Spare (Not connected Still in a Box))
Corsair 550WATT PS
APC 750VA Smart UPS

Software: CentOS/bitcoind/lnd

It may be overkill, but I think i have speed/redundancy and reliability covered...

The most important reason of having a ClearNet Node, in my opinion is, both TOR and ClearNet Nodes can open a channel to you at any time. Where as, if you are a  TOR node, only another TOR node can initiate a new channel.

Some of the biggest nodes are TOR. This isn't the reason you are "missing out"

LN by nature isn't transparent, so we are never sure who is routing what, how or where. You will only ever see what comes in and out, never the origin or destination, so who you connect to makes a huge difference.

You need to really think about where to position yourself in the grand scheme of things. If you think you are going to compete with the big boys then you are going to need more than 270,000,000 SAT.

I also noticed you are primarily connected to the big LN Nodes. You need to step back and see the bigger picture, why would they route through you? when they can just go direct to each other, using their existing channels.

You need to visualize how the SATS will flow... Using the channels you have opened now, Do you think it will go from "BCash_Is_Trash -> YOU -> Kraken"?, "BCash_Is_Trash -> Kraken" is more likely how the SAT will flow.

You need to have a plan and strategy that make sense, not just open random channels with anyone. (BTW why do you have two channels with Kraken)

From my experience, it doesn't matter how balance each individual channels are, what matter most is how balance your overall LN node is.

The ratio I used is outbound:inbound. Try aim for 1:1 to 1.3:1. That means 270,000,000, have Outbound of 135,000,000 and inbound of 135,000,000 for a 1:1 etc....

I made some mistakes early in the LN games, almost threw in the towel, but have soldiered on and am now happy with where I am.

Been online 18th September 2021 (204 days)
Uptime: 99%
LN Node Size: 430,618,597 SAT (4.3BTC)

Routing Stats
Total Amount: 356,586,094 SAT (3.5BTC)
Total Transactions: 1,803
Total Fees: ###,### SATS

Channel Stats
Opened: 114
Closed: 56

I still get spikes in routing. Not a smooth daily consistency that you would expect. Some days you get ZERO routes. Other days you get 50+.

Also, if you are keeping this node active, I've got a spare 6M SATs i can open up to you with.

[ChartBuddy]

Explanation

[NoorulHuda]

https://news.bitcoin.com/eu-bans-high-value-crypto-services-to-russia-in-new-round-of-sanctions/

[JayJuanGee]

But hey.. I am not going to attempt to stop you.. Post away.. post whatever you like.. even if I might chime in about some of it (or others might chime in).. to the extent that I might be interested in what you might be saying/posting.

Treaty of Peace signed. I do like your criticism though.

I don't plan on going easy on you...

 

Easy is for low IQ peeps, remember, we were in Top 10

Haha

Yes.... that IQ game was interesting.

In the real world, IQ can also be interesting - but likely in the end, it might depend upon how well something like that might be applied to various opportunities in the world - whether we are referring to the analysis of bitcoin and its possible direction or even other various opportunities that might exist out there - in terms of career choices.

Another dilemma can be real world meat space issues, and I suppose when we are younger we might have to attempt focus some of our physical urges depending upon opportunities that might automatically be available based on being born into a position, or if there might be some need to attempt to put yourself into a better position.  A minority of folks are born into positions of privilege, but we have also learned that we are going to have more opportunities depending on which part of the world in which we are born, too.

Attempting to bring this back to bitcoin, there may well be some folks who are not really privileged or even high IQ, but they still are either lucky or insightful enough to identify bitcoin relatively early in their life (or at least when they are at least young enough in which identifying bitcoin can make a meaningful difference for them).  So, I suppose that i am trying to suggest that IQ might ONLY be one of the aspects of identifying bitcoin and getting into it.. and there also might be some reverse correlation, too, in the sense that some folks with high IQ and even born into some kinds of social/financial privilege might end up NOT identifying bitcoin as early as someone with lower IQ and less social/financial privileges, so in that regard bitcoin can end up serving as a great leveler for folks who had been less advantaged but merely insightful enough to identify bitcoin as a potential opportunity, and to act upon their place of superior knowledge (even if they had encountered some luck in regards to getting to that superior knowledge regarding bitcoin as a topic).

[ChartBuddy]

Explanation

[NoorulHuda]

[Cryptotourist]

Actually no i don't but my memory sucks now, sorry you have dropped to this level though.

Not to worry, let me refresh your memory for you:

Quote from: Hueristic on September 29, 2021, 19:18:41
https://www.youtube.com/watch?v=r3bMsXnLuuQ

OK, so how would you call the endless jab mandating, in order to keep your job?
How would you call, locking down cities and countries for a virus that does not kill?
How would you call, the zillions (ooops, hyperbole) of dollars big pharmas are making on your ass?
How would you call, the people responsible for this criminal charade?
How would you call, this artificial crisis erupting on a World scale?
How would you call - if not for extreme government terrorism - anyone who disagrees with the narrative is automatically downgraded to a class B citizen?

Fuck China. She is the World’s escape goat - one role in the many.

Does it ring a bell?

I used to enjoy you posts and all I can assume now is you have made a poor decision and are flailing about blaming everyone else except yourself.

Spare me the bullshit.
Why would I blame myself for telling the truth?

Was it grin that did you in?

Listen you delusional gambling fuck - nothing has “done me in”.
Of course I lost a substantial amount of corn “investing is Grin”, but it was calculated.
That’s because I treat it as lost already - from the very fucking begining.

Remember I warned people about that.

Yes you did. Have you made an entry yet, or? Just curious.

There are still certainties in life.

nutildah?
You’re my favourite scammer, yo.

Screw this, my lightning node sucks.

That’s because Lightning sucks in general.
Perhaps it’s another way of ripping people off their Bitcoin. Hm?

Me needs something decentralised.

The only thing I would add is it's seemed to get WORSE recently.  Not sure what that means.

Well, it has to get moar worse, before it gets moar better.
Sounds familiar?

How do you feel, friend? I hope you'll recover soon.

Keep sucking him, and you’ll both do just fine.

BoD my ass.
What's wrong with YOU?

Nothing, yo.
I stand by my gut - that you’re the most “intellectual” cuntonian of the bunch.
change_my_mind.gif

Ignore him, don't feed the troll.

He can’t, even if he wanted to. None of you can, which is - kinda funny.


Good morning people.

Get free

[Cryptotourist]

Actually no i don't but my memory sucks now, sorry you have dropped to this level though.

Not to worry, let me refresh your memory for you:

Quote from: Hueristic on September 29, 2021, 19:18:41
https://www.youtube.com/watch?v=r3bMsXnLuuQ

OK, so how would you call the endless jab mandating, in order to keep your job?
How would you call, locking down cities and countries for a virus that does not kill?
How would you call, the zillions (ooops, hyperbole) of dollars big pharmas are making on your ass?
How would you call, the people responsible for this criminal charade?
How would you call, this artificial crisis erupting on a World scale?
How would you call - if not for extreme government terrorism - anyone who disagrees with the narrative is automatically downgraded to a class B citizen?

Fuck China. She is the World’s escape goat - one role in the many.

Does it ring a bell?

I used to enjoy you posts and all I can assume now is you have made a poor decision and are flailing about blaming everyone else except yourself.

Spare me the bullshit.
Why would I blame myself for telling the truth?

Was it grin that did you in?

Listen you delusional gambling fuck - nothing has “done me in”.
Of course I lost a substantial amount of corn “investing is Grin”, but it was calculated.
That’s because I treat it as lost already - from the very fucking begining.

Remember I warned people about that.

Yes you did. Have you made an entry yet, or? Just curious.

There are still certainties in life.

nutildah?
You’re my favourite scammer, yo.

Screw this, my lightning node sucks.

That’s because Lightning sucks in general.
Perhaps it’s another way of ripping people off their Bitcoin. Hm?

Me needs something decentralised.

The only thing I would add is it's seemed to get WORSE recently.  Not sure what that means.

Well, it has to get moar worse, before it gets moar better.
Sounds familiar?

How do you feel, friend? I hope you'll recover soon.

Keep sucking him, and you’ll both do just fine.

BoD my ass.
What's wrong with YOU?

Nothing, yo.
I stand by my gut - that you’re the most “intellectual” cuntonian of the bunch.
change_my_mind.gif

Ignore him, don't feed the troll.

He can’t, even if he wanted to. None of you can, which is - kinda funny.


Good morning people.

Get free

[ChartBuddy]

Explanation

[JayJuanGee]

Sounds like a Vampiric Blood Sucking Leech of a R0ach!

LOL.


Good morning liars, pussies, and free people.

Safe All You Need

  

Man... Your post just took a turn to the extreme of what Juan-ita is doing. And it brought me to the conclusion that JJG had no friends.    

I mean, Juanita probably has more friends now since he posts less often then he did before in the past.    

So.. don't you have irl friends to keep you busy irl and have less energy and determination to post around here and dissect like a frog surgeon all the comments around here??    

ANd yes. Juanita is also a Frog Surgeon.  

Are you trying to get me mad at you or to just die from uncontrollable laughter?

I am hurting so badly from the profundities of your insulting insights.   

Biggest Bitcoin ₿ holders:

1. MicroStrategy: 125,051 BTC
2. Tesla: 43,200 BTC
3. Terra LUNA: 30,727 BTC
4. Marathon Digital: 8,133 BTC
5. Square (Jack Dorsey - Ex Twitter CEO): 8,027 BTC

Wrong. These are (some of) the biggest KNOWN holders.
Satoshi Nakamoto is the biggest hodler ever. As hodl as hodl can be, to be precise.

No offense, but keep learning the basics  

What a douchebag! I 'm glad to see now many WOers are starting to understand how much of an asshole he is... 

P.S. He also seems to suck Putin's cock judging by his comments.

This sick fuck has to be banned ASAP. 

You know, he knows the rules, so he won't be banned. This is where his point about Freedom Of Speech is correct.
Nonetheless, i wasn't aware he dumped - i probably was, but forgot about it - but this puts his accusations of "liars" in a very different light.
Best to play the ignore-me game, i guess. Worked a charm regarding the real Cuntonian(s) as well, afair.

There are all kinds of BIG holders that are not on that list, and just because Cryptotourist is acting like a dweeb - I doubt that his dweebness is related to his having had dumped bitcoin rather than his either just trolling the thread or maybe he never even held bitcoin in the first place....

I guess my overall point is that Cryptotourist had proclaimed that he was largely a bitcoin holder, so I cannot see any connections that he had actually sold too many coins too soon - even though his comment can be read as seemingly purposeful irrelevant thread divergences.

[NoorulHuda]

BTC future liquidations.

[ChartBuddy]

Explanation

[savetherainforest]

Sounds like a Vampiric Blood Sucking Leech of a R0ach!

LOL.


Good morning liars, pussies, and free people.

Safe All You Need

  

Man... Your post just took a turn to the extreme of what Juan-ita is doing. And it brought me to the conclusion that JJG had no friends.    

I mean, Juanita probably has more friends now since he posts less often then he did before in the past.    

So.. don't you have irl friends to keep you busy irl and have less energy and determination to post around here and dissect like a frog surgeon all the comments around here??    

ANd yes. Juanita is also a Frog Surgeon.  

Are you trying to get me mad at you or to just die from uncontrollable laughter?

I am hurting so badly from the profundities of your insulting insights.   

Don't feed the trolls JuanitaChiChi.    

I lost my patience and started calling people names long ago.    

[ChartBuddy]

Explanation

[vapourminer]

n00bs are invading
under attack we are now
n00bs are our future?

should we nurture them?
or put them all on ignore?
only time will tell

#haiku

[ChartBuddy]

Explanation

[El duderino_]

[ImThour]

Yes.... that IQ game was interesting.

I really wanted it to be part of the forum system somehow merging with merit system to improve the post quality.

In the real world, IQ can also be interesting - but likely in the end, it might depend upon how well something like that might be applied to various opportunities in the world - whether we are referring to the analysis of bitcoin and its possible direction or even other various opportunities that might exist out there - in terms of career choices.

Another dilemma can be real world meat space issues, and I suppose when we are younger we might have to attempt focus some of our physical urges depending upon opportunities that might automatically be available based on being born into a position, or if there might be some need to attempt to put yourself into a better position.  A minority of folks are born into positions of privilege, but we have also learned that we are going to have more opportunities depending on which part of the world in which we are born, too.

Attempting to bring this back to bitcoin, there may well be some folks who are not really privileged or even high IQ, but they still are either lucky or insightful enough to identify bitcoin relatively early in their life (or at least when they are at least young enough in which identifying bitcoin can make a meaningful difference for them).  So, I suppose that i am trying to suggest that IQ might ONLY be one of the aspects of identifying bitcoin and getting into it.. and there also might be some reverse correlation, too, in the sense that some folks with high IQ and even born into some kinds of social/financial privilege might end up NOT identifying bitcoin as early as someone with lower IQ and less social/financial privileges, so in that regard bitcoin can end up serving as a great leveler for folks who had been less advantaged but merely insightful enough to identify bitcoin as a potential opportunity, and to act upon their place of superior knowledge (even if they had encountered some luck in regards to getting to that superior knowledge regarding bitcoin as a topic).

Before checking the on-chain data, I used to think that my assumption of Bitcoin going down was just a speculation and some trend lines on TA however I realised that the 4 year cycle is in the play.
If we look at the Miner Capitulation, I am able to see the price going a bit down just to get ready for the next cycle.

I will be starting to DCA once we see Monthly RSI in 40's range. I mean, I might fail if it goes the wrong way however I am going to believe myself for once and will support my plan.

After being on WO and being in the community, I can say that I am not going to touch any Altcoin ever in my life. When I started, I bought an equal share of BTC and ETH however this time being, it will be BTC only. That's what my plan is and I am sure everyone got a different game plan in their mind.  


Bitcoin reward era compare: This chart seeks to illustrate the kinds of returns one would have made on a Bitcoin investment over any given halving period. It does this by breaking up Bitcoin’s history into ‘Eras’, where each halving event marks a new era.