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

[psycodad]

WO Public Service Announcement

Mempool is just about cleared, been just a little over 4 weeks of congestion.

Take this opportunity to:

Consolidate your UTXO
Bring your coins home
Force Close stale LN Channels
Open new LN Channels

Transactions will confirm in the next 10 blocks for 1sat/vbyte

Indeed, it took me since Mar 6th to close a channel with Chivo, yesterday the tx (1.12 sat/vbyte) was finally confirmed.

[ChartBuddy]

Explanation

[hisslyness]

WO Public Service Announcement

Mempool is just about cleared, been just a little over 4 weeks of congestion.

Take this opportunity to:

Consolidate your UTXO
Bring your coins home
Force Close stale LN Channels
Open new LN Channels

Transactions will confirm in the next 10 blocks for 1sat/vbyte

Indeed, it took me since Mar 6th to close a channel with Chivo, yesterday the tx (1.12 sat/vbyte) was finally confirmed.

Me too!

I got a few negative ratings because i wouldn't bump my opening fees! 2 pending opening transaction for over 4 weeks! Bad timing, thought mempool was clear opened two channels and the flood gates opened up!

I wouldn't mind spending more on opening fees, but the unreliability of the peer doesn't give me confidence in spending more! I have more closed LN channels than actively opened... approx 45% are all force closed as well!

Haven't had time to crunch the numbers yet, but it would be interesting to see how many SATs i have spent on opening and close LN channels.

[ChartBuddy]

Explanation

[heslo]

Ok so what just happened?

[ivomm]

I also should mention that if you missed the grilling of a trembling Gary Gensler then you need to look up that video immediately.

Here's the Q&A between McHenry and Gensler (linked at its beginning)
https://youtu.be/A9yAdi8Knzg?t=470

[HI-TEC99]

Ok so what just happened?

This.

[heslo]

Ok so what just happened?

This.

Ah yes, the old classic Bart and de-Bart

[BitcoinBunny]

The little erection was followed by a big old dump. 

[Bounty _BOX]

Ok so what just happened?

This.

Ah yes, the old classic Bart and de-Bart

Bitcoin today dumping 1k$. Bitcoin Next stong support 28.3k$.

[BitcoinBunny]

Ok so what just happened?

This.

Ah yes, the old classic Bart and de-Bart

Bitcoin today dumping 1k$. Bitcoin Next stong support 28.3k$.

Tell Mr. Stong when you meet him that he needs to improve on his grammar skills.

[ChartBuddy]

Explanation

[ivomm]

Probably not a good thing short term for the BTC price if this happens but long term the USA could be cutting itself off BTC, at least lose control of the most used on and off ramps.
Not a bad thing I reckon.

In the end BTC doesn't give a flying fuck (some of the reason for this carry on appears to be the staking stuff - could also just be hollow threats from Armstrong).

Coinbase Could Move Away From U.S. if No Regulatory Clarity: CEO Brian Armstrong
https://www.coindesk.com/business/2023/04/18/coinbase-could-move-away-from-us-if-no-regulatory-clarity-ceo-brian-armstrong/

You are kidding, right? If Coinbase stops trading in US this would be very bad for Bitcoin in the next 5 years at least. Practically every institution in US involved in Bitcoin uses Coinbase custody directly or via OTC desks. I just don't want to speculate what will happen in this case. I'm not a fan of conspiracy theories, but I sense a plot to harm Bitcoin adoption in USA and EU. First, they tried to shut down the banks that operate with the exchanges. This didn't work as they supposed. On the contrary they killed banks and their stocks, while Bitcoin was getting even stronger. They see the danger now - people and institutions prefer to buy Bitcoin instead of stocks and pull out their deposits. The same reason why China banned Bitcoin so many times. Being incredibly stupid it took them years to realize that neither regulations nor lack of regulations will hinder Bitcoin. So now they came with a btilliant plan - they started issuing fines with no explanations creating a delibarate regulatory chaos. This is like getting arrested and brought to court and the judge saying to you - look we are going to put you in jail because we have no idea who you are. But if you leave the country, we won't stop you. So, they play the chicken game. Bittrex shitted their pants at the first fine. OK, we can live with that. They are so small, nobody cares. But If Brian acts like a pussy too, this will have a major impact.

[fillippone]

Yearly update of the password strength table:



Source:
Are your passwords in the green

[BitcoinBunny]

Yearly update of the password strength table:



Source:
Are your passwords in the green

I'll go with the 26 trillion years option.

[ChartBuddy]

Explanation

[Negotiation]

BTC price dives 3% in minutes as ‘deep correction’ grips crypto market.



Source.



I think so "deep correction" now it is well but next touch point is probably $34k.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[d_eddie]

Hey buddy, what's with this 29xxx thing? Ditch it.