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

[AirtelBuzz]

BTC Purchase

 

[Negotiation]

utterly shameless

putting you back on ignore

But I wait,
4 years 5 months 13 days.

But Not achieved Sr.member .

But why @nutildah Why???

WO guys no love for me...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hisslyness]

While we wait for the "tearing down of the 48K wall".... here is an update of my LN Node....

While I wasn't able to push my LN node above 1,000,000,000 Sats (10BTC). Came very close, at one stage hitting 924,288,114 Sats. Currently sitting at 912,288,113 sat. Still have 2-3 BTC to throw at it... But was caught out by this mempool...

Finally had a full month to analysis the impact of doubling the capacity of my LN Node...

Current Capacity: 912,288,113 sat
Current Channel Count: 156

November Routing Stats
Number of Transaction: 7,298
Total Amount Routed: 1,042,341,115 Sats (10.42BTC)
Total Fees Collected: 25,094 Sats
Channel Opening Cost: Lots
Channel Closing Cost: Too Much!!! (one forced close cost me about 38,000 Sats)

September Routing Stats (Before Push)
Number of Transaction: 4,114
Total Amount Routed: 631,392,125 Sats (6.31BTC)
Total Fees Collected: 25,094 Sats

This month is looking busy.... averaging 320 transactions and 1,200 Sats collected a day

NOTE: lnd doesn't do RBF, but CPFP, which is a form for fee bumping... was able to use it to confirm the old transactions that were stuck for months. Downside, lnd will not initiate the channels after a certain period of time (14 Days). Channel needs to be forced closed, it will automatically assign a fee that will include it in the next few blocks, resulting in much higher fees per vByte.

Still not profitable (again, this was never meant to be a way to accumulate more Bitcoins), still more to do, still need to weed out some channels that are stagnant, but very hard to do anything with mempool being this congested! Well not hard, just expensive!

Thanks for sharing!

I'm also running a LN node (goblin-no.de), and we have a channel together. My node is turning 1 year next month, but including the time of my old node, I've been running a LN node for 18+ months now.

I believe you are selling your inbound too cheap. I have a dynamic fee structure, so if the sats is all on my side, I have a low fee, and if it's all remote, the fees are high (all automatically handled of course). I also try to re-balance my sink channels (normally public channels such as Bitfinex, Kraken, Nicehash etc) so i can be a reliable routing node.

My node has a total capacity of ~16 BTC with 103 channels. So I have less channels than you, but girther ones I guess.

I'm well in profit by now, and the hardware investment has finally payed off due to the recent rise in BTC/USD.

My last 30 days P%L is as follows (including fees for force-closed channels)



323k sats in profit over the last month is OK I guess.

I didn't realise that was your node. I thought you would have come back as Krubster....

You are right, I have lowered my fees significantly, my thoughts was as long as i made enough to pay for the opening and closing, I am happy.  I do have higher fees on those channels who generally only goes one way... BFX/Kraken/LNBig etc... but again, not as high as it should/could be....

I have also targeted nodes who are slightly below me and hopefully with many different connected peerss to extend my reach... hence smaller channels, more nodes. Might be bad choice in the long run as some have been idle for months on end, some haven't been online either... hence the cleanup on isle 8 needed!

I'll think about it more and after the mempool clears, decide which way to take it... ie, Throw another 5-10BTC and go for profit and make @philipma1957 jealous, or stay the course and complain every now and then!...

Also, it is great to see your LN Node is thriving! Your LN node would be in the Top 100 for capacity for sure! Awesome Stuff!

if you don't mind sharing, I like to know what have you learnt running your own LN Node!... What have been some of your challenges and how did you solve it!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitcoinPsycho]

Explanation
Chartbuddy thanks talkimg.com

Observing Epic Wall

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

haha...that said...That $622 node/small miner is cool.
1tb disk seems enough for now (maybe for 4-5 years longer), but a question to those who run a node: is pruning to reduce the size OK to do once you downloaded the whole chain?
Thinking of starting running a node, at least from time to time.

i vote full non pruning node for several reasons:

the most time consuming thing is the initial blockchain download.. that could take weeks/months depending on your connection. why throw away data you may want later (for re scanning wallets etc)

you can run your own block explorer against your full node

you can run other wallets against your full node

you can rescan multiple wallet.dats you have with your full node

storage is cheap

[OutOfMemory]

haha...that said...That $622 node/small miner is cool.
1tb disk seems enough for now (maybe for 4-5 years longer), but a question to those who run a node: is pruning to reduce the size OK to do once you downloaded the whole chain?
Thinking of starting running a node, at least from time to time.

i vote full non pruning node for several reasons:

the most time consuming thing is the initial blockchain download.. that could take weeks/months depending on your connection. why throw away data you may want later (for re scanning wallets etc)

you can run your own block explorer against your full node

you can run other wallets against your full node

you can rescan multiple wallet.dats you have with your full node

storage is cheap

That is the one thing that wasn't taken care of in the Bitcoin conception. Size of the blockchain.
Sure, storage is cheap (at the time), but if the BC gets to sizes that are no more manageable conveniently at the private level, and the initial blockchain download becomes so effin big that it takes months on a standard connection (let's say, for now... 50mbps or so), less and less private full nodes will be added to the  network, while the mining companies continue growing. In the end, a few big miners survive. I am thinking about slow, indirect movements towards decentralization.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

November Routing Stats
Number of Transaction: 7,298
Total Amount Routed: 1,042,341,115 Sats (10.42BTC)
Total Fees Collected: 25,094 Sats
Channel Opening Cost: Lots
Channel Closing Cost: Too Much!!! (one forced close cost me about 38,000 Sats)

I don't run a lightning node, as many here may know, but I have a couple of lighting network wallets that claim to be almost like running a mini-node in a kind of supposed self-custodial sense.  Breez and Phoenix.  

Yesterday, I posted about my forced channel closing in Breez in another thread.. and still so far I have not received any responses to my questions of the matter, and it cost me about 42,245 satoshis in terms of the channel closing and then also being required to move the funds back to another BTC address that I control.

Still not profitable (again, this was never meant to be a way to accumulate more Bitcoins), still more to do, still need to weed out some channels that are stagnant, but very hard to do anything with mempool being this congested! Well not hard, just expensive!

Do we have to rely upon the benevolence (and perhaps curiosity?) of LN node operators to keep lighting network going?  Surely some of them must either be profitable and/or expecting future profits, and surely if the whole process is a lot of work, it seems that the curiosity will wear off after a while and would benevolence be enough to keep the system going.. or alternatively does the profits of other nodes (or the potential for future profits) keep enough LN node operators motivated to keep their nodes running?

Once it reaches 50K, all the grandmas and taxi drivers fomo in, then one sells.
Then when it dumps back to 40K, one buys those coins back.
Not rocket science.

I will still be Hodling at 50k.
CC: JayJuanGee

Why do I get a mention?

I am thinking that $50k to $55k is a current kind of point of resistance, just as I had thought that $35k was our previous point of resistance.... which obviously ended up breaking to the upside without a whole hell of a lot of actual resistance unless we call $27k to $44,729(so far) a kind of upwards crawl.. but even with the upwards crawl, there has not really been much if any pull back to write home about.. maybe we had 8% at most so far in any of the ongoing and onward crawlenings to the UPpity?

Yet, surely I am just winging it... and sometimes wondering too in regards to how long the upward crawl will last, and surely there are quite a few folks expecting some kind of meaningful correction of 20% or more.. but still 20% or more is not a condition that has to happen.. even though surely if we start getting into no man's land (which I consider to currently be between $55k and $85k) and if we don't have some kind of a meaningful correction by then, then you are going to start to hear me starting to whine about the instability of such ongoing UPpity... that "needs" a correction.

By the way, my own system of the selling on the way up presumes "worse case scenario" that there is no correction and the price just keeps going up.. so that means that fiat keeps building up and there had been no opportunity to buy back, so even assuming that we go straight up to $500k, my own situation would result in a lot of fiat stacked up, but it still would be a BIG ASS WHOOPTIE-DOO because it is still less than 10% for every 100% that the price goes up, so the overall value of the portfolio would compound upon itself so many times between here ($44k) and $500k (or whatever) that there are still plenty of BTC in the BTC portfolio, and surely I could show it to you on a chart if you would like to see it.. or just go back and look at the two HypoPhil charts for some ideas in regards to how the UPpity without correction scenarios would likely end up playing out.  Those two hypophil situations show starting out with 10 BTC and 5BTC respectively and show how straight up to $11 million per BTC would play out.. with a cashing out rate of 5% of the BTC stash every time the BTC price went up 50%.

CC: JayJuanGee

You're really in a hurry to rank whatever # account this is for you up to Hero aren't you

utterly shameless

putting you back on ignore

Oh?  that was the reason?  Who would-a-thunk?  

utterly shameless

putting you back on ignore

But I wait,
4 years 5 months 13 days.

But Not achieved Sr.member .

But why @nutildah Why???

WO guys no love for me...

Can anyone top this particular level of shameless?  

Anyone?  

Anyone?

[Volgastallion]

haha...that said...That $622 node/small miner is cool.
1tb disk seems enough for now (maybe for 4-5 years longer), but a question to those who run a node: is pruning to reduce the size OK to do once you downloaded the whole chain?
Thinking of starting running a node, at least from time to time.

i vote full non pruning node for several reasons:

the most time consuming thing is the initial blockchain download.. that could take weeks/months depending on your connection. why throw away data you may want later (for re scanning wallets etc)

you can run your own block explorer against your full node

you can run other wallets against your full node

you can rescan multiple wallet.dats you have with your full node

storage is cheap

That is the one thing that wasn't taken care of in the Bitcoin conception. Size of the blockchain.
Sure, storage is cheap (at the time), but if the BC gets to sizes that are no more manageable conveniently at the private level, and the initial blockchain download becomes so effin big that it takes months on a standard connection (let's say, for now... 50mbps or so), less and less private full nodes will be added to the  network, while the mining companies continue growing. In the end, a few big miners survive. I am thinking about slow, indirect movements towards decentralization.

I agree with you in the theoric part, but i dont know why you are thinking in that way, because as far as we see we are experiencing a revolution in speeds on connections and also in storage, 10 years ago we have only HDD for normal people and now we have such smalls and super fasters SDD, connections the same, ten or 15 years ago it was a miracle if 3G was connected at slow speed, now we have 5G and we can stream from whatever place we want.

So i think until the speed of the evolution in this things is faster than the weight of the blockchain is not even a real problem.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[goldkingcoiner]

utterly shameless

putting you back on ignore

But I wait,
4 years 5 months 13 days.

But Not achieved Sr.member .

But why @nutildah Why???

WO guys no love for me...

[Negotiation]

utterly shameless

putting you back on ignore

But I wait,
4 years 5 months 13 days.

But Not achieved Sr.member .

But why @nutildah Why???

WO guys no love for me...

Can anyone top this particular level of shameless?  

Anyone?  

Anyone?

Noooooooooo!

I mean something is different, I can say rank only...!

I can't say the habits....!

Love WO....!

[JayJuanGee]

utterly shameless

putting you back on ignore

But I wait,
4 years 5 months 13 days.

But Not achieved Sr.member .

But why @nutildah Why???

WO guys no love for me...

Can anyone top this particular level of shameless?  

Anyone?  

Anyone?

Noooooooooo!

I mean something is different, I can say rank only...!

I can't say the habits....!

Love WO....!

If I were you, I would research more and attempt to provide better quality posts.  Sure no problem including your own experiences (at the same time, do not make your posts (or your threads) overly self-indulgent, which I have already seen those kinds of posts/threads from you in the past), but try to provide some substance and posts that are interesting and meaningful to others.. especially about bitcoin-related topics and maybe even read some bitcoin-related content and then post links to your sources, analyze what you had read and relate some of the contents back to some personal experience(s).. or whatever variation that is of interest to you, and maybe others will also find your analysis and your conclusions to be interesting, meaningful and/or helpful..  Perhaps? perhaps?

In the end, you do what you want, but there are ways to improve the quality of your posts.. especially from their currently bad state, and none of us should have to hold your hand in terms of your being able to figure out how to improve your posts.. so part of the reason that members send smerits to other members is because they can either relate to the posts or they get some kind of meaning or value out of what they read... and if you provide a bunch of crappy posts, some members are going to get to know you as someone who provides shitty posts, so they won't even be willing to send you an smerit if you do happen to make a good post now and then..

Furthermore, I don't consider much of any value in sucking up to other members - and maybe it is not necessary to go in the other direction either, so anyhow each of us likely should attempt to find our own balance in this regard, while at the same time, some of us do go overboard from time to time in terms of how we might interact with other members.. so there is still quite a bit of leeway.. and sometimes even necessities to recognize times when we may have gone too far in one direction or another... .. but other times we may not need to indulge in terms of our having had gone too far as long as we personally learn from the experience in order to improve our own ways of interacting in order to lessen the likelihood of repeating the same mistakes (to the extent that they are mistakes).

[Negotiation]

If I were you, I would research more and attempt to provide better quality posts.  Sure no problem including your own experiences (at the same time, do not make your posts (or your threads) overly self-indulgent, which I have already seen those kinds of posts/threads from you in the past), but try to provide some substance and posts that are interesting and meaningful to others.. especially about bitcoin-related topics and maybe even read some bitcoin-related content and then post links to your sources, analyze what you had read and relate some of the contents back to some personal experience(s).. or whatever variation that is of interest to you, and maybe others will also find your analysis and your conclusions to be interesting, meaningful and/or helpful..  Perhaps? perhaps?

In the end, you do what you want, but there are ways to improve the quality of your posts.. especially from their currently bad state, and none of us should have to hold your hand in terms of your being able to figure out how to improve your posts.. so part of the reason that members send smerits to other members is because they can either relate to the posts or they get some kind of meaning or value out of what they read... and if you provide a bunch of crappy posts, some members are going to get to know you as someone who provides shitty posts, so they won't even be willing to send you an smerit if you do happen to make a good post now and then..  

Yeah, first of all you find my making and corrections me, and advised on how to proceed. You can call it my failure that I could not think like you, because even before that I learned a lot from you. It might change my life even more.

[nutildah]

But I wait,
4 years 5 months 13 days.

But Not achieved Sr.member .

But why @nutildah Why???

WO guys no love for me...

OK I'm gonna try to give you some helpful advice: stop posting what you think other people want to hear. Post your own, original thoughts. It helps if you can contribute something useful or original to the forum in general... in other threads (not this one). Maybe you look at other posters who have learned how to get merits here by saying the right things and you're trying to be like them -- don't. Its annoying and I will never merit them.

One time I gave 20+ merits here to an account I thought was here out of their own general interest... they joined a signature campaign within a week, and later it turned out to be the 5th alt account of a banned user (they got their ban removed and are still posting here under at least 2 other accounts, but that's not the point).

Since then, I almost never spend merits on any account less than a Hero in here. If it seems like they are just posting here to get merits, forget it, I will never help them anywhere.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com