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

[ChartBuddy]

Explanation
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[nutildah]

All I really care about is how cheap tx fees are... Less than $1 is good. Right now you can get in the next block for less than $0.40, which is fantastic.

Ordinals activity has indeed fallen off a cliff. There was a small uptick in image uploads between Oct. 5-6.



You can see that it temporarily increased the overall block size here, although the trend appears to be continuing downward.



On-chain image storage is turning out to be something of a bust market-wise, along with the BRC-20 madness, which is good news for regular bitcoin users.

https://dune.com/dgtl_assets/bitcoin-ordinals-analysis

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

Update on the lost ledger nano story:

Yesterday, my wife actually said to me that i seem to look worried, while in the middle of the lost ledger quest (Not because of the Covid).
I told my story and she said: "Hey, you told me you were hiding it in the basement, because you were worried that you can't remember when we return from the holidays."  
Good girl  
So i went into meditation a couple of times, until i had remembered some kind of dark picture of the place where i put the fucking thing.
And then it clicked. I had put the ledger in an empty packaging of some usb device (bluetooth stick?) where it did fit really tightly.
A few weeks after our vacation i was clearing out old stuff in the basement, and i almost know now that i had thrown the ledger nano away.
So there's a little chance that i didn't go to the recycling center but threw it in an intermediate container, no need to be too precise here. I plan to look through the (luckily, non-organic) waste later on.

If i can't find it there, it's lost for sure. If somebody finds it, that somebody has three attempts to guess the pin code, then it will auto-reset on failure.

Seems safe to restore the wallet(s) to the spare ledger i happen to own.
But i failed to decide if i would create a new key and transfer my Bitcoin from a recovered software-wallet. I am not sure which way is the safer one.

Any suggestions?

EDIT: There is a small chance that the device's key store can be read out through some bug or quantum magic (maybe, i don't count on it), IF even somebody had found the ledger and any clue how to use it. Smallish, very smallish chance, though. This would make the restore method on a new device less secure, of course.
But less secure than re-creating the wallet in Electrum and transfering the coins via protocol to the newly setup ledger wallet...

[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?



 

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.

Ah yes I did notice that, but total size has still gone down, IIRC that was around 600mb.

If it was a spammer why bother consolidating though? It seems to have brought the transaction fee down significantly, the spammer wouldn't want that would he?

[somac.]

On-chain image storage is turning out to be something of a bust market-wise, along with the BRC-20 madness, which is good news for regular bitcoin users.

It was never going to be otherwise. Not worth the price, at least for the rubbish most people want to use it for.

[somac.]

Update on the lost ledger nano story:

Yesterday, my wife actually said to me that i seem to look worried, while in the middle of the lost ledger quest (Not because of the Covid).
I told my story and she said: "Hey, you told me you were hiding it in the basement, because you were worried that you can't remember when we return from the holidays."  
Good girl  
So i went into meditation a couple of times, until i had remembered some kind of dark picture of the place where i put the fucking thing.
And then it clicked. I had put the ledger in an empty packaging of some usb device (bluetooth stick?) where it did fit really tightly.
A few weeks after our vacation i was clearing out old stuff in the basement, and i almost know now that i had thrown the ledger nano away.
So there's a little chance that i didn't go to the recycling center but threw it in an intermediate container, no need to be too precise here. I plan to look through the (luckily, non-organic) waste later on.

If i can't find it there, it's lost for sure. If somebody finds it, that somebody has three attempts to guess the pin code, then it will auto-reset on failure.

Seems safe to restore the wallet(s) to the spare ledger i happen to own.
But i failed to decide if i would create a new key and transfer my Bitcoin from a recovered software-wallet. I am not sure which way is the safer one.

Any suggestions?

EDIT: There is a small chance that the device's key store can be read out through some bug or quantum magic (maybe, i don't count on it), IF even somebody had found the ledger and any clue how to use it. Smallish, very smallish chance, though. This would make the restore method on a new device less secure, of course.
But less secure than re-creating the wallet in Electrum and transfering the coins via protocol to the newly setup ledger wallet...

Use a different seed and transfer them. Better safe than sorry, who knows what future vulnerabilities will be discovered.

[vapourminer]

Update on the lost ledger nano story:

[...]

If i can't find it there, it's lost for sure. If somebody finds it, that somebody has three attempts to guess the pin code, then it will auto-reset on failure.

Seems safe to restore the wallet(s) to the spare ledger i happen to own.
But i failed to decide if i would create a new key and transfer my Bitcoin from a recovered software-wallet. I am not sure which way is the safer one.

Any suggestions?

EDIT: There is a small chance that the device's key store can be read out through some bug or quantum magic (maybe, i don't count on it), IF even somebody had found the ledger and any clue how to use it. Smallish, very smallish chance, though. This would make the restore method on a new device less secure, of course.
But less secure than re-creating the wallet in Electrum and transfering the coins via protocol to the newly setup ledger wallet...

i would xfer everything to a new wallet/seed. but still keep the old seed around per satoshi.

why take a chance.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[danadc]

I like everything about the Halving, because for me it is the sign that there will be a new ATH, I just hope to be able to save as much as I can in bitcoin, the articles look very friendly:

“At present, the most critical macroeconomic factor appears to be a reflection of the situation in 2019 when the Fed paused its rake hikes, leading to a significant surge in Bitcoin prices.”

Original Source: https://cointelegraph.com/news/bitcoin-btc-price-analysts-november-halving-bull-run

I believe that patterns can be repeated, not 100% the same, but yes, and with this perspective it can happen, I have always said that the best thing is to buy bitcoin and save it, hold it all the time, it is the best investment in the world. . .

There are many people who do not believe in bitcoin, but whoever buys now and reaches more than 100 thousand dollars in 2024, well, I want to see their faces, I think it is normal, only the most intelligent are the ones who make the decision to buy, because It is very important financial advice.

[xhomerx10]

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??

 It's a take on the balance of wealth and knowledge giving one the perfect perspective on life with shitcoiners thrown into the mix... one thing missing on that perspective angle though is friends and family but I guess it's not a good look throwing them under your books, money and your weight.   I love you guys.

[ChartBuddy]

Explanation
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[eXPHorizon]

I told you that we were living in a world on the brink. Where every slight… every injustice… where every choice reveals our sins. And where have those sins lead us? Where have those sins led you?

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[vapourminer]

bud wassup

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

The stock market is rallying and Bitcoin is seeing a slow slide downward. I’ll admit, this is not the movement I was hoping for. It does feel like markets are returning to normal again though. Cheering wars and bad economic news in the hopes the printing press is about to be fired up while rates get slashed. The world is addicted to easy money.