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

[JayJuanGee]

[edited out]

it's up to the market to decide.  
Bitcoin is the most secure database humanity has invented, and the market participants will outbid each other for being able to use it.  

Right now only a bunch of freaks are using it. But wait until mainstream catches up. We have seen nothing yet... (compare it to the internet)

Lookie uie poo-ie.. ...  

All diplomatic (and professional) about the matter.

 

breaking character busted...

be gentle with me #nohomo

From my point of view, it does not seem to be a bad thing to witness some "character variance" in these here parts...


What are we bots?


without feelings, emotions and/or variance?  or abilities to exercise free will for that matter?


wait.....

over last 14 hours we made  788965 - 788879 = 86 blocks  just a bit over 1 per 10 minutes, but the fees were unreal

788886 by ant pool 0 fees

788924 by unknown 1.72 fees

the other 84 were all higher. some over 5 coins.

lets see how long this lasts.

btc at 27,500 still solid under this massive attack

from mining viewpoint

viabtc is paying 128% of a block

or 8 coins per block

so if you got 97% of a block 2 weeks ago  at 31k  coin were worth 30.07k

128% of a block at 27.5 k coins are worth 35.2 k today

so miners are happy

investors are screwed.

and fee structure is still fucked up.

Holy fucking shit Philip.  

On the potentially positive side, I was about to send you a merit because I liked the fact that you provided some seemingly decently good data, ..  

however  whoaza!!!!!, your conclusion that bitcoin is broken is in looney toonie landia.. it's like you are showing that you know bitcoin, and then all of a sudden, you say some pretty dumb-ass shit.. .

in that regard, your data does not even support such a conclusion even if you had actually stated the data accurately.

Think about it.... ponder the matter.... your conclusion is that bitcoin is broken merely because miners are currently making a lot (boat loads) of money.... and that is unfair amounts of money because there are currently a bunch of degen gamblers who are willing to pay whatever it takes to process their little worthless crap. that they believe is going to all pay off for them down the line.. and in the meantime, miners are making a killing and some people (who are on a relatively low budget) cannot even transact.

 

You need to go back to the drawing board and try to figure out why you are WRRRRRROOOOOOONNNNGGGGGGGG!!!!!!!!



Maybe you need to write on the chalk board:




"bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken" "bitcoin is not broken"



until the idea sinks into your wee widdo noggen?



Or might we have some other statement that might work moar better?


such as?  the Boxer theme....


"I will try harder"  "I will try harder"  "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder" "I will try harder"  "I will try harder"



Will that work?

or is there some other statement that might help uie-pooie to learn MOAR better about what is dee cornz and how it dee works?

Or perhaps there is some unlearning that u needs to be doing?



You're a stubborn old fart (#nohomo).. and no doesn't seem to wants to leaurns bout dee bbbbbbeeeeeetttttccccccccoooooiiiiiinnnnnnssssssss.
 
 

investors are screwed.

Are they really? I don't feel screwed, but I don't have to send BTC on a daily basis. If I had to pay my employees in BTC, I'd feel a bit screwed.

You are right coolcoinz.. we are not screwed merely because philip is continuing to exaggerate some bullshit and failing/refusing to recognize and appreciate nuance (and/or reality)... could also be described as spreading FUD...

Yes, there are some people who built their business model and their activities around low on chain transaction fees, and now they might be pondering what to do because they failed to make sure that they have "options"... but that does not mean that "everyone is screwed.. and we are all going to die."  As with anything, there is good and bad from these kinds of developments, including the creation of "pain" that may well inspire some folks to better consider their options, if they had gotten into a pickle because they had been overly reliant on their "on chain fees" staying at around 1 sat per vbyte forever and ever.... or some variant of that.  That's what Roger Ver expected, and you see what happened to him.. he turned into a nutjob (in case he had not already been a nut job prior to turning into one during and after the blocksize wars).

Let's say we had no ordinals and there were people willing to send a couple satoshis and pay a higher fee than the value of transaction, wouldn't that put us in the same situation? Bitcoin's fee was made for this and there's no real solution, unless we ban ordinals, but then we'll be deciding what is and what isn't allowed.
Rollback taproot?  

You are playing too much into the "bitcoin is broken" theme coolcoinz.. no reason to make drastic changes based on current data/happenings.. even though surely there are some people who are likely considering "other options" including but not limited to creating (and using) lightning network channels.

[ChartBuddy]

Explanation

[JayJuanGee]

[edited out]

I always fall for it.
In 2018 I felt that everything below 10k was a bargain, so I kept buying at 10, 9, 8... then we went to 6 for a while and that's where I run out of money. Then we went to 3 and I thought - fuck that I'm out of here, time to take my mind off of it. There was so much negativity in the air that I just couldn't stand it.

Yes.. it is way easier said than done, and that is why so many of us can relate to mindrust.. and at the time knowing that is not what we are supposed to do when we run out of money, we are not supposed to be selling at the bottom, but it is so difficult NOT to forget the basics, and surely once you sell, it can be a kind of never ending trap that ends up in worse outcomes, even though the pain of having had run out of money is really difficult. and maybe we ONLY have money coming in every two weeks, and we don't even want to use that money to buy more bitcoin because we already feel bad about the negative status of our holdings.. so it surely can take a long time before we are either close to break even, or not so far in the whole or even getting back into profitable territory.

And no one can tell anyone else what they should do, except it would seem that the more times that you go through it, you might end up learning, but it is not easy to learn either because many of us will be buying on the way down and having difficulties to NOT go all in. when we need to hold back a bit of "dry powder"... again easier said than done... like you have experienced on a couple of occasions..

and I will say that even if it can be quite painful every time, there can be quite a bit of relief if your holdings are at least "in profits"... and it could take a few cycles to really get to that status.. and of course, there are no guarantees, either.. so we should all know that there are no guarantees, and therefore, we have to continually manage our risks (finances and psychology) in such a way that we are going to continue to be ok, even when extreme events might happen.. and even though the odds of bitcoin going to zero seem quite unlikely, there is still some need to prepare for some variation of that..even if we don't think it is going to happen so that we want to make sure that even if we might be over invested  the cornz, we are not "so over invested" that we are going to not be able to take extreme drawdowns... .. so there may be (from time to time) some needs to take some of the value off of the table, and it is way better to take some value off of the table when the BTC price is going up rather than down (and other ways of dealing with taking some value off of the table) and each of us has to figure out a kind of methodology that still allows for us to sleep well at night with whatever level of balance that we have decided to take (and have taken, presumptively).

In 2022 I did pretty much the same thing buying from 29k all the way down. In my head it was all simple and easy. We'll go to 30 and bounce back like we did the first time... or we'll go lower into the real bear market territory of 22-23k, which is right above the last ATH (fair level to end the bear market at). I also left myself a last little bit of money in case we dipped a bit below 20k like 18-19k, which was my worst case scenario, but who could've predicted that there's a (un)stable coin owner who decides to buy bitcoin and then dump it all at once to crash the market, or that an exchange owner who meets with SEC chair for a tea is really an insolvent scammer...

I can feel you on those ones.. that's for sure, and there are probably quite a few of us who can feel you in regards to your experiences, and surely it can be difficult to articulate (and sometimes we might not even want to get into specifics of telling our stories, especially if we might have had made a few mistakes that we don't want to discuss publicly.. and hopefully we learn from them, even though I understand that even learning from mistakes is not easy be cause we likely have tendencies to repeat certain mistakes and have difficulties in figuring out how to NOT make the same mistakes or at least figure out ways to attempt to dampen our earlier mistakes so that when we make the future mistakes, we have at least taken some additional safeguards in order to make the hurt a little less..

So I never manage to get the bottom, I'm too impatient. Every time there's a bear market I handle it better though.

That's a good sign to be able to measure improvement(s)... some people make so many mistakes, including that they have trouble measuring exactly the extent of their mistakes, which creates additional frustrations... and not everyone is able to really keep track and to measure the performance of the BTC portfolio (and perhaps other assets too), which is part of the difficulties in figuring out how to correct something that is difficult to measure.  It takes time to learn and to measure.. and some people will calculate that they would rather spend their time in other ways.. besides trying to figure out the exact (or even better ballpark) status of their finances (and likely has psychological implications, too).

bcash already pumpin

So is BSV - Ver and Faketoshi must be having a party.

Enjoy it while they can... hahahahahaha.. those scammers are probably just figuring out how they can dump any pump onto retail.. if it is even possible to accomplish.

[ChartBuddy]

Explanation

[Who is John Galt?]

I would suggest to you to start your own Bitcoin Lightning Node if you want to really understand the difference between LN Layer-2 scaling solutions vs "the other crap out there"

At any time i can settle my LN channel by issue a closing TX on the "Original Bitcoin Blockchain", hence this throws your argument that "as long as bitcoins are in the second layer network, they cannot be controlled in any way by the original bitcoin blockchain"

As for all these BRC-20, like i said before, just another hype for the "dumb fucks" out there!

Thank you, I once again read more about the principles of LN. Indeed, the principles of the second layer turned out to be more complicated than I thought before. And this complexity should prevent other tokens from moving into the second layer of bitcoin. Although OmniBOLT already wants to spam the Lightning Network with its BRC-20 tokens too. https://twitter.com/omni_bolt/status/1364065319287803905

[rdbase]

Elon don't mind the A.I generated NFT's especially when plastered on a side of a skyscraper in downtown New York City !

Mentioning about getting into the mainstream spotlight.
This masterpiece of art, not sure if it was created by AI like most NFT art are nowadays, showed up on twitter earlier yesterday.

https://twitter.com/Pauly0x/status/1655738534085505025

Now it is featured at the side of a building in NYC on a full blown out billboard.

https://twitter.com/MOOKS_ETH/status/1656071849812402178

For what reason, who knows why and what purpose it will fulfill in the future of NFT artwork.

Not an ordinal so not clogging up the bitcoin network.
https://bitcointalk.org/index.php?topic=5336007.msg62220835#msg62220835

[ChartBuddy]

Explanation

[OutOfMemory]

We each said our part...

no problema.

si, si, amigo

To the extent that my future potential memory of the topic even matters, maybe in one or two years (or 5 or 6 years), I will forget that you even said it?

Perhaps?


and will you forget the trauma that you felt from my seemingly "anti-satoshi" blasphemy?  maybe you will and maybe you won't?


      

Blasphemy depends on belief, but i don't pray to Satoshi, no worries 
For the "forget"-part: I am probably (for sure) the champion of forgetting in these here forum parts. and ia pro for sure, regarding these matters in real life, too

[HI-TEC99]

The average block size is dropping back down towards normal levels.

https://data.nasdaq.com/data/BCHAIN/AVBLS-bitcoin-average-block-size

[ChartBuddy]

Explanation

[Compromise me]

There has been network congestion causing slow transaction times in the Bitcoin market leading to a negative sentiment In actuality BRC-20 tokens are very popular and some of these coins are listed on significant exchanges like Binance.

[ChartBuddy]

Explanation

[BobLawblaw]

[MamunMKY]

BTC NEXT STRONG SUPPORT 25.9K ( 100 DAILY MA )

[somac.]

The average block size is dropping back down towards normal levels.

https://data.nasdaq.com/data/BCHAIN/AVBLS-bitcoin-average-block-size

Yep. Not over yet I'm sure but just like commodities the solution to higher prices is higher prices.

[ChartBuddy]

Explanation

[cygan]

[MamunMKY]

[Compromise me]

[somac.]

Free market does as it does. That's the beauty of Bitcoin, no intervention is required (we are not a shitcoin like eth). Let's keep it that way and ignore the fools.