Seems to be some support around $21,500. We had the Kraken staking FUD & have held strong. I managed to pick up a few in this range. Let’s hope there’s a line drawn now & the bottom is confirmed. The only thing that can take us lower is confirmed recession. The more time that passes the more likely that the bottom is indeed in.
I think this is the positive to take even if we dipped a little this week we can see that the belief is there and with the Kraken and Localbitcoins news btc did not drop a big amount. I think this sets us up nicely for the year and we could try to push the recovery up further. I do not know if we are ready to do that because the recession and war is still going on but it looks like we have the confidence there to establish a bull run we just need some positive news that can give the bulls a push and hope that no negative news happens in the next few weeks.
This mempool is getting out of hand!.. philipma1957, need you to fire up those new rigs!
Thanks not how it works at all. Lol.
Seriously though, the ordinals “spam” on the blockchain is all at pretty low fees. I don’t think this will interfere too much with traditional transactions who can probably afford to pay a little bit more as blockspace was ridiculously cheap for a while. We’ll see how this plays out, but I’m not concerned for the network’s health quite yet.
My understanding is miners can drop any block that they want and because this ordinal attack is with low fees there is not many incentive for them to process the block so why are they not dropping them? I guess dropping a block could stop legit transactions going through which could cause more problems because btc becomes more centralized if miners start censoring the blockchain by dropping blocks but atm the spam is annoying but if it increases it could cause more problems then dropping blocks temporarily.
Not a hell of alot of info and I don't see why anyone would think they plan on coming back.
Actually if it does come back I'd wager it comes back as a honeypot.
localbitcoins has not provided enough information which is why I think they are being forced to shut down because of the alleged sanction breaking instead of deciding to shut down them selves. The way they have informed customers is poor because some members are saying that they have not received the message and others are saying they had a pop up when logging in. They have not provided a date when the withdrawals cannot be processed instead they have said 12 months but 12 months from the message you receive? because many have not received the message yet.
It was a good exchange but their communication should have been better because it is days after the announcement and many people still not know what is happening.
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