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

[ChartBuddy]

Explanation
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[1714604207]

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[Taskford]

Bitcoin See Declines as Crypto Market Reacts to Ongoing War.

We cannot point out that this small decline is due to market reaction due to war. The movement doesn't really have any relation to anything as we don't see any big fuds regarding about the war and its effect to crypto.

Maybe you need to relax with that and since in short time span it recover the current hype is much stronger than current war issues so relax then believe that bitcoin will pump soon.

[sirazimuth]

I believe that JJG write long posts because he have enough information to share with us and he might be a firm believer of sharing is caring thing.

I write long posts because I feel that I don't have enough time to write shorter posts.

That's a pretty bold statement man! I agree that someone like you can be very busy but still you give time to the forum which an amazing thing. We love your posts and once again I would say that they aren't only long but long with a lot of information. JJG, I'm sure if someone goes through all of your posts then that person can write an awesome book, especially related to economics and Bitcoin speculation.

[ChartBuddy]

Explanation
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[sirazimuth]

...and

 Happy Columbus Day! to all of the Wall Observers in the USA (except for those in those in the cities of Akron, Austin,  Berkeley, Boise, Cincinnati, Denver, Los Angeles, Mankato, Philadelphia, Portland, San Francisco, Santa Fe, Seattle, Saint Paul, Phoenix, Tacoma et al or in the states of Hawaii, Alaska, Vermont, South Dakota, New Mexico, Maine, and the parts of California where it has been renamed to Indigenous Peoples' Day) in which case I would wish you a Happy Indigenous Peoples' Day!

and if you're in Akron, Happy Indigenous Peoples' Day  North American First People's Day/Columbus Day Italian-American Heritage and Culture Day!

 Whew!  I need a nap... too much turkey.

Hey, if my company wants to pay me for a holiday commemorating a day some Spanish Italian dude got lost in the Caribbean but thought he was in India, then apparently he discovered the good ol US of A, even though he never set foot in North America...hell, I ain't gonna argue. I don't give a ratt's ass what they now decide to call it. I like paid days off. But that's just me.
Almost as absurd as Good Friday, another paid day I get off, because some religious dude allegedly came back to life and giant creepy bunnies run around gathering polka dotted eggs in a basket and scaring toddlers.....go figure.

edit...Fixed post due to Phil schooling my ignorant ass. Thanx bro

[philipma1957]

Happy Canadian Thanksgiving.

I am an old fuddy duddy boring as wet paint drying.

Nonsense. You're just a kid in your sixties.

yeah but it would be nice to be a 16 year old kid as long as I could take the wife with me.

Damn maybe fifty extra years in the sack with her. Would be really nice.

[philipma1957]

...and

 Happy Columbus Day! to all of the Wall Observers in the USA (except for those in those in the cities of Akron, Austin,  Berkeley, Boise, Cincinnati, Denver, Los Angeles, Mankato, Philadelphia, Portland, San Francisco, Santa Fe, Seattle, Saint Paul, Phoenix, Tacoma et al or in the states of Hawaii, Alaska, Vermont, South Dakota, New Mexico, Maine, and the parts of California where it has been renamed to Indigenous Peoples' Day) in which case I would wish you a Happy Indigenous Peoples' Day!

and if you're in Akron, Happy Indigenous Peoples' Day  North American First People's Day/Columbus Day Italian-American Heritage and Culture Day!

 Whew!  I need a nap... too much turkey.

Hey, if my company wants to pay me for a holiday commemorating a day some Spanish dude got lost in the Caribbean but thought he was in India, then apparently he discovered the good ol US of A, even though he never set foot in North America, hell, I ain't gonna argue. I don't give a ratt's ass what they now decide to call it. I like paid days off. But that's just me.
Almost as absurd as Good Friday, another paid day I get off, because some religious dude allegedly came back to life and giant creepy bunnies run around gathering polka dotted eggs in a basket and scaring toddlers.....go figure.

Dude he was Italian and working for a Spanish queen.

He was not much of a villain or a hero and when he got back to Spain he and his family got involved in a 300 year long court battle with Spain. Spain destroyed all his journals so whatever you hear or read about him is written propaganda written by Spains royalty. Eventually his family won the battle. Spain still has a royal pardon against him and his family and try to badmouth to this day.

The scumbags involved in pillaging Mexico central America and South America were Spain and Cortez. We will never know much truth about Columbus due to Spain's mistreatment of him.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[sirazimuth]

Buddy, you are my only true friend on this here famous thread, everyone else thinks I'm completely insane or an a-hole ....or both.
And I don't think I can really argue with that supposition.

But anyway...

GO BITCOIN

[ChartBuddy]

Explanation
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[JayJuanGee]

Does not appear to be a very smart message to even suggest that there is some kind of a difference between shitcoins and altcoins. .that is misleading..

Also, I can hardly see how one man is supposedly higher up (or supposedly more powerful) than bitcoin... also seems misleading.

Maybe put elon in the altcoiner slot, combine shitcoins and altcoins since they are the same thing, either keep bitcoin where it is at or put it on the higher rung with USD (or fiat) being the other stack, and sure it does not necessary remain a problem to keep the dollar/or fiat as the highest one, for now.

Even with my proposed changes, it still does not seem to make a lot of sense. 

The month of December is very interesting, they say that Octoberbree is the most bullish month of the year, is it true? The scenarios that are being presented can trigger a great impact on the price of BTC

I have seen two strange Decembers:

19 December 2017 -> Bitcoin ATH 19000$

19 December 2018 -> Bitcoin 3700$

In December 2017, when Bitcoin was fully bullish there were predictions that Bitcoin is going to 100,000 in 2018. But in 2018 Bitcoin went down to its lowest in Decmeber.

We seem to be in 2015 or 2019 right now rather than any of those other years.. at least in terms of the place in the 4-year cycle to the extent such a thing exists.

Maybe all Decembers are strange as far as King Daddy is concerned.. because maybe the various December highs of 2013, 2017 and 2021.. were merely coincidences?  Cannot be sure if King daddy gives too many shits regarding what month of the year it happens to be... what we do know, though is that we are in a kind of prehalvening location.. .whatever that might mean.. I think some of us have some senses regarding what it might mean. and some of us have senses that even if it might mean something, there is no guarantees that whatever it might mean will end up happening.  So there is that angle, too.

[sirazimuth]

Does not appear to be a very smart message to even suggest that there is some kind of a difference between shitcoins and altcoins. .that is misleading..

...

Indeed ... I was like WTF??

[JayJuanGee]

by the way, I thought that you were going to write such book involving me, phillip and maybe you might find some others and do some comparison and contrasting.. ..   There still needs to be some kind of a need for an interesting hook.. so we are likely not interesting enough on our own.

Ah, you remember it! Yes, I was going to write a book where I may compile your, Phillip's and maybe someone else's posts that has done similar posts like you guys and upload that book on internet. To be honest I'm not yet working on that book but thanks for reminding me and surely soon I will start working on it when time allows me. The book will surely take some time to get complete but I believe that it'll be a valuable asset for many people.

Well, hopefully you are able to figure out a way to make such a book interesting.

I believe that JJG write long posts because he have enough information to share with us and he might be a firm believer of sharing is caring thing.

I write long posts because I feel that I don't have enough time to write shorter posts.

That's a pretty bold statement man! I agree that someone like you can be very busy but still you give time to the forum which an amazing thing. We love your posts and once again I would say that they aren't only long but long with a lot of information. JJG, I'm sure if someone goes through all of your posts then that person can write an awesome book, especially related to economics and Bitcoin speculation.

When "the book" comes out, you will have to take back your statement sirazimuth.

Buddy, you are my only true friend on this here famous thread, everyone else thinks I'm completely insane or an a-hole ....or both.
And I don't think I can really argue with that supposition.

But anyway...

GO BITCOIN

I think you are a real swell guy in theory.

Is there any brown left or did I get it all?

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[somac.]

The mempool has dropped off a crapload. I was looking a couple weeks ago and I swear there was like 300k transactions waiting. Now its 25k. Anyone know why? has that ordinals hype completely died off?



 

[hisslyness]

The mempool has dropped off a crapload. I was looking a couple weeks ago and I swear there was like 300k transactions waiting. Now its 25k. Anyone know why? has that ordinals hype completely died off?



 

It is a little misleading. mempool has dropped down in terms of transaction qty but the size of each transaction is enormous!

It feels like the prick who was spamming the mempool earlier with those pesky 200sat transaction, is now consolidation the spam back to a single UTXO.

https://mempool.space/tx/61239ef47a7cc771885ee3b81f9306fe0def9a114c45b0175718c0ed63e7175a

If you look closely, full blocks (2MB) have 200 transactions only...

https://mempool.space/block/000000000000000000005298c5a69b83e416d8145f23cb5a76ebe105a4b8fbab

I've seen some with less than 100 transactions.

https://mempool.space/block/0000000000000000000304db2225d93f709e00dd851fa723dfdc71f0bd30c673

Current mempool size is equivalent to about 200,000 (1in-1out) unconfirmed transactions... and it has been like this for over a week now.