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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26485106 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
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November 23, 2023, 10:01:16 PM


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OutOfMemory
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November 23, 2023, 10:51:47 PM
Merited by JayJuanGee (1)

Supercycle discussion...it did not happen in 2021, probably due to FTX, overleverage, etc.
Maybe this cycle and the next one would merge into one?

https://cointelegraph.com/news/bitcoin-supercycle-2024-investment-trading

It definitely was FTX and their fraud of keeping people from buying BTC to dump into shitcoins that kept Bitcoin’s price depressed during the last cycle. Will this cycle make up for it and put us back on track or did FTX set us back 4 years. I guess we’ll see if the market only goes up to $150,000 or if it makes up for the last cycle and shoots up over half a mil…

IMO, if the market can make up for the loss of momentum starting in 2021, preferably within a year or so, while the world economy keeps generating the needed fiat fuel, the party which FTX was crashing will likely continue. Emerging adoption on a broad scale, like mentioned in the article Biodom shared, would help for sure. We'll see how man contibuting factors and dynamics will come together, and if they will drive each other (directly or indirectly), it could be enough to start off the "Supercycle" missing the blowoff-top, but further increase of value.
We might live through one or a few more cycles to finally witness Bitcoin's scarcity effect kicking in.

EDIT: I missed that completely...
Quote from: Bittrex-Email
Important Update Regarding Bittrex Global

Dear OOM,


It is with great regret that we write to inform you that Bittrex Global has decided to wind down its operations. This decision was not made lightly, and we understand the inconvenience it may have on our valued customers.
...

I had no funds on Bittrex, however. Still, an exchange less to sell some of my corn near next ATH  Angry
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November 23, 2023, 11:01:16 PM


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November 23, 2023, 11:58:06 PM
Merited by LFC_Bitcoin (3), Hueristic (1)

https://blockstream.info/nojs/tx/b5a2af5845a8d3796308ff9840e567b14cf6bb158ff26c999e6f9a1f5448f9aa

LOL

Quote
Transaction fees   83.65497568BTC       (76397238.1 sat/vB)



Somebodies getting fired!


Quote
This transaction saved 42% on fees by upgrading to native SegWit-Bech32

Good thing they saved on those fees! Cheesy




Really nice. I think this is an absolute record of fuckup in bitcoin history.
Biggest I can remember before this one was a miner forgetting to add block reward into Coinbase, so got mining fees only: 50 "burned bitcoins"
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November 24, 2023, 12:01:18 AM


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November 24, 2023, 12:07:07 AM
Last edit: November 24, 2023, 01:23:01 AM by Hueristic

Really nice. I think this is an absolute record of fuckup in bitcoin history.
Biggest I can remember before this one was a miner forgetting to add block reward into Coinbase, so got mining fees only: 50 "burned bitcoins"

People that they allow to control this amount of cake never cease to amaze me.

There is no way I can believe this a true Bitcoiner's error.
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November 24, 2023, 01:01:15 AM


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November 24, 2023, 01:21:41 AM

Bitcoin back to 37K again and it seems to bull run is here anddddddd the fee to do a single transaction is 6$ right now what a jokeeeeee  Cry Cry Cry btw guys is ETF news is over ?

I don't think the mempool activity is natural, someone out there is driving transaction costs up for some reason.



Those little transactions are 90% the same, therfore about 80% of the transactions in the block is made up of these things. Not natural.

Fees are up around $15 now, I wonder how much this dimwit is willing to donate to the miners before he stops.

https://bitcointalk.org/index.php?topic=5473421 I made a thread here and most people agree that it is because the ordinal transaction and also maybe there is something made this up because one single block found with a current fee is almost 3 BTC per block.  Cool sound delicious right

https://mempool.space/address/bc1plqdm0ndmnfzgzhfd8jcm6xrfmdur3j36cxnsj3rrfqdlz0mvczeqch89pz
https://mempool.space/address/bc1p0jk9wyzkuspp7pcpmalcexlpxgn2rua2m7w6hhr260rpk8ceyg9qewku7d
https://mempool.space/address/37q5GbpAX6ZJgcVNh9G71CCBTA7tfkk9LE

you can also check this out.



Bittrex Global is shutting down https://www.coindesk.com/business/2023/11/21/crypto-exchange-bittrex-global-to-shut-down/
CZ Plead guilty https://techcrunch.com/2023/11/21/binance-to-pay-4-3b-in-fines-and-ceo-cz-to-step-down-plead-guilty-to-anti-money-laundering-charges/

and the weekly chart of bitcoin is exhausting in RSI and Stochastic RSI too, hate to say but I think we are gonna see bitcoin to fall down this week
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November 24, 2023, 02:01:15 AM


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November 24, 2023, 04:01:15 AM


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Biodom
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November 24, 2023, 04:09:04 AM

The gall of this guy...albeit he was not spending customer's money, just money his studio employer (Netflix) has given him to shoot a movie, lol:

https://www.insider.com/47-ronin-director-squandered-netflix-money-for-sci-fi-series-2023-11

It looks like many people went "nuts" in 2020-2021 (remember the Gamestop and the AMC theaters stocks)?
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November 24, 2023, 05:01:15 AM


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November 24, 2023, 05:08:07 AM

Happy Thanksgiving to those who celebrate it.

Would be nice if we could finally break 38k during the holiday period & stay over. It seems a but of a bitch to break atm.
I am already past 38k I am looking to be over 40k 🔜
Snap out of it Philip.

 Angry Angry Angry Angry

You are going to end up jinxing us, like you frequently tend to accomplish. #justsaying
Finally you cracked and now realize my 70k in may prediction made in april 2021 has still been the turning point jinx for btc.

Its tough to live down that I have held all of btc back with that one prediction.  So far honey badger still cares.

It was not the ONLY time.. but hey, why get into those details when we are trying to enjoy our lil selfies.. .and since your post, we have not had a crashening, yet.

I think the biggest effect on Bitcoin will be the amount of scams that AI begins attempting to try and stack BTC for whatever reason.

Well yeah, just recall that fagot bot hitting a Binance fake spike at $100k+ not so long ago.
It was BinanceUS, and it was the BTC USDT pair.. and come to think of it, I only missed one sell order in the mid $130ks.. because the BTC price went up to $138 k-ish, yet the highest of my orders had filled at around $129k-ish... still excites me to just think about it.. so thanks for that reminder.   

I will neither admit or deny fitting that descriptive in the real world (or even in cyberspace), even though I can see that you are referring to yours truly...  
Of course you wouldn’t … right now … but you will, promise.

That's a weird statement, why would I change my position, unless it is an accident? or are thinking about some kind of force.  That's not very nice of uie-pooie.

I am soooooo soooooooo glad that you care.
I don’t care.
The fact that I’m quoting you, doesn’t mean I want to read an answer from you.
Whom in their fucking mind would want to listen to a fagot bot anyways.

You seem to enjoy my interactions.  Please don't stop anytime soon.

Happy Thanksgiving to those who celebrate it.

Would be nice if we could finally break 38k during the holiday period & stay over. It seems a but of a bitch to break atm.

I am already past 38k I am looking to be over 40k 🔜

edit : 40k is my next 1% sale
Phil...listen..I suggest not doing these 1% sales at the verge of a bull market, unless you HAVE to.
Peeps were telling this to you before: in 2015-2016, then in 2020-2021 (maybe re shitcoins) and you were arguing that it is all good...it is difficult to move you from that "laddering" opinion that both you and @jjg espouse.
Sometimes we all are acting against the better judgement: I sold stuff (not bitcoin) in the early winter of 2020-2021 just before alts and bitcoin went vertical for 3-4 mo. For what: to do the roof replacement.
Should I waited a bit considering all that I knew at the time? Absolutely, but the idea of a new roof already "infected" my mind, so...a bit less cap gains.
I get it that "sitting tight" as Jesse Livermore was calling it, is difficult, but going backwards, it's the BEST play in the last 20 years in AAPL and AMZN, the best play in NVDA in the last 10, best play in GOOGL since the IPO, best play in MSFT since many decades ago. Eventually, you would not have to sell btc, but would borrow a bit against it, hence NO cap gains.

I stand behind my approach.. it works quite well so long as you have overly accumulated... so it can take guys a while before they get to "overaccumulation" status.  I doubt that I need to go through any description and/or attempt to justify my situation again... except to just suggest that my way of dealing with bitcoin does not rely upon figuring out price direction.

There could be some guys who even overly accumulated in the last year or two, and surely Phillip is in a different position regarding Age and surely I don't agree with him on severl things, especially when he was selling BTC around $20k in mid-to-late 2022 and I was surely buying that whole time and even overly buying at that time too... had to go outside of my usual comfort zone of even having to buy more because the price dropped below any expectations and stayed there in those greater than expected low areas for quite some time, too.. if you had not noticed.

Supercycle discussion...it did not happen in 2021, probably due to FTX, overleverage, etc.
Maybe this cycle and the next one would merge into one?
https://cointelegraph.com/news/bitcoin-supercycle-2024-investment-trading

Fuck supercycle... pie in the sky.

But yeah if it happens, no problem... but it will probably just fit into regular cycles and be called a "supercycle" while we are going through it, even though after the fact when we look at it, we realize that it ends up being largely more or less the same thing as had been happening in prior cycles and.. maybe some higher slopes at some points to $1 million or $1.5 million but still not outside of the patterns when those kinds of rises end up being difficult to sustain.. but maybe not... maybe this time is really and actuallly going to be different.. I will believe it when (or if) I see it.
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November 24, 2023, 05:37:09 AM
Last edit: November 24, 2023, 06:05:27 AM by modrobert
Merited by El duderino_ (10)

https://blockstream.info/nojs/tx/b5a2af5845a8d3796308ff9840e567b14cf6bb158ff26c999e6f9a1f5448f9aa

LOL

Quote
Transaction fees   83.65497568BTC       (76397238.1 sat/vB)



Somebodies getting fired!


Quote
This transaction saved 42% on fees by upgrading to native SegWit-Bech32

Good thing they saved on those fees! Cheesy





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Bitcoin miner Antpool was rewarded for mining the block. It received the standard 6.25 BTC as well as 85.2163 BTC in fees for all transactions included in the block, on-chain data shows.
Source: https://www.coindesk.com/business/2023/11/23/bitcoin-sender-struck-with-31m-transaction-fee-largest-in-history/

At least the fee wasn't destroyed due to orphan block. Wink

EDIT: Second thought, the fee would probably go back to mempool after orphaned block, not sure how it works exactly.
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November 24, 2023, 07:24:36 AM
Merited by bitebits (1), OutOfMemory (1)

WO's ChartBuddy 24 hour recap


Larger version https://i.imgur.com/S2L46QM.gifv

Thanks for all the merits friends, this Jr. Member Grin is trying to spread them responsibly.
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