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

[bitmover]

Bitcoin is having a nice run but with its mempool issues currently you can really see the effect on higher throughput blockchains. Solana and ADA seem to be crushing it as a result. I hope Bitcoin can get this figured out. It is way too early in the cycle to be having these issues. Makes you wonder who these people are making transactions currently.

I have used some XMR and LTC recently ( which were quite fast and cheap), it is almost impossible to move btc now. Curiously, those coins are not performing well...

[1714642913]

1714642913

[1714642913]

1714642913

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[TrustedBitcoiner]

Bitcoin is having a nice run but with its mempool issues currently you can really see the effect on higher throughput blockchains. Solana and ADA seem to be crushing it as a result. I hope Bitcoin can get this figured out. It is way too early in the cycle to be having these issues. Makes you wonder who these people are making transactions currently.

I have used some XMR and LTC recently ( which were quite fast and cheap), it is almost impossible to move btc now. Curiously, those coins are not performing well...

that's prorbably because poeple dont HODL these coins, they just use them to send value around fast and cheep.

[philipma1957]

Bitcoin is having a nice run but with its mempool issues currently you can really see the effect on higher throughput blockchains. Solana and ADA seem to be crushing it as a result. I hope Bitcoin can get this figured out. It is way too early in the cycle to be having these issues. Makes you wonder who these people are making transactions currently.

I have used some XMR and LTC recently ( which were quite fast and cheap), it is almost impossible to move btc now. Curiously, those coins are not performing well...

that's prorbably because poeple dont HODL these coins, they just use them to send value around fast and cheep.

ahh fuck deserves a merit for a pretty good answer.  Hate giving out points to newbies on the WO.

[philipma1957]

If you invested $1,000, 10 years ago:   

Google: $5,000
Facebook: $6,000
Amazon: $7,500
Tesla: $25,000
Bitcoin: $44,000
BM

show us dec 2017 to dec 2023

btc is 19 to 43 so 1000 would be around 2300

google
facebook
amazon
tesla

do the math bro


or better do btc dec 2012 to dec 2023

10 dollars to 43000

or

1,000 to 4,300,000

so btc is godlike 2012 to 2023

and great 2013 to 2023

and good 2017 to 2023

btc           19.5k dec 2017 44.1k dec 2023
edit :

google       53 dec 2017    140 dec  2023     that beats BTC
Facebook 176 dec 2017    350 dec 2023     just loses to btc
amazon     59 dec 2017    145 dec 2023      that beats BTC
Tesla         20 dec 2017    241 dec 2023      that beats BTC


Tesla is best dec 2017  to dec 2023

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

https://youtu.be/bM10A86drpI

[xhomerx10]

https://youtu.be/bM10A86drpI

 Haha!
I'm going to wrap Christmas gifts to that one tomorrow

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hisslyness]

This "in cash" thing about the ETF is ticking me off. They're just looking for a way into paper btc, which as of now isn't a (real) thing. They will have their way, I'm sure.

I hope they get burned by the mightiest short squeeze on the "underlying" the Earth has ever seen. That will teach them and enrich others (notably, some of the people reading these words).

I don't the correlation between in-cash and paper BTC. Bitcoin ETF will be a highly regulated product, given the position of the SEC.

I don't see a problem with "in-cash" settlement, considering most in market participants would be entering in cash, would make sense from a financial/accounting side to exit in-cash as well.

Some drawbacks floating around is fees/fees and more fees. Given the state of the mempool, i think settlement in cash maybe more of an advantage, given the cost to sell on an exchange is less than 1%

in-cash or in-kind, fractional-reserve / paper Bitcoin is still possible... and porbably legal?

gold ETFs are a "highly regulated product" and they naked short sell the crap out of that all the time, no?

Maybe I should have stated it a little more clearly, I am asking how in-cash would create a paper Bitcoin ETF... and if you think they can "just do it", then nothing stopping them for doing the same thing with in-kind.

We already have a semi-quasi paper BTC, futures markets and possibly Bitmex and their highly leverage position... AND we'd be dreaming if we think that the snakes at wall street, hasn't already thought of other synthetic products...

#NYKNYC should be in grained in everyone mindset!

[Biodom]

If you invested $1,000, 10 years ago:   

Google: $5,000
Facebook: $6,000
Amazon: $7,500
Tesla: $25,000
Bitcoin: $44,000
BM

show us dec 2017 to dec 2023

btc is 19 to 43 so 1000 would be around 2300

google
facebook
amazon
tesla

do the math bro


or better do btc dec 2012 to dec 2023

10 dollars to 43000

or

1,000 to 4,300,000

so btc is godlike 2012 to 2023

and great 2013 to 2023

and good 2017 to 2023

btc           19.5k dec 2017 44.1k dec 2023
edit :

google       53 dec 2017    140 dec  2023     that beats BTC
Facebook 176 dec 2017    350 dec 2023     just loses to btc
amazon     59 dec 2017    145 dec 2023      that beats BTC
Tesla         20 dec 2017    241 dec 2023      that beats BTC


Tesla is best dec 2017  to dec 2023

yea, you can always found more favorable dates (I always look at 5-10 years, in this case 8 years):
bitcoin $284 July 2015 to $44150 Dec 2023 155X
NVDA $4.9 July 2015 to $489 Dec 2023 100X

TL;DR both bitcoin and Nvidia had more than 100X in the last 8 years (in both cases starting that period with more than a $billion valuation).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
..

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

OK, so I wake up to take a piss, check price, $44,150.

Go back to bed, I'm woken up after a couple of hours by a really nice dream, check price, $43,650.

I can't even remember what the dream was about actually...

This waiting is worse than being a virgin Buddhist monk in Nepal.

I'm done. Back to bed. Philip is right. I'm going all DOGE. 

[bitcoinPsycho]

OK, so I wake up to take a piss, check price, $44,150.

Go back to bed, I'm woken up after a couple of hours by a really nice dream, check price, $43,650.

I can't even remember what the dream was about actually...

This waiting is worse than being a virgin Buddhist monk in Nepal.

I'm done. Back to bed. Philip is right. I'm going all DOGE. 

Your still dreaming, in reality btc is hitting $250000 right now

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[machasm]

Bitcoin is having a nice run but with its mempool issues currently you can really see the effect on higher throughput blockchains. Solana and ADA seem to be crushing it as a result. I hope Bitcoin can get this figured out. It is way too early in the cycle to be having these issues. Makes you wonder who these people are making transactions currently.

This mempool congestion is annoying but luckily it shouldn't affect me too badly. I paid a much lower than usual fee today to transfer half a coin to one of my OTC dudes because I anticipated a possible Xmas dip and I liked $44k. I needed to give the taxman his monthly pound of flesh and have some extra bank money to cover utilities etc while I'm in Mexico. Surprisingly it confirmed quickly.

I should be good now until April and hopefully by then this pathetic ordinals crap should have passed like a constipation turd and fees will be more reasonable. Today's transaction was large enough that the fee really wasn't that important. It's still much cheaper and faster than any other payment method except cash hand-to-hand.

The one place where it will affect me is my ride to the airport. My go-to driver not only charges me much less than a taxi but he takes payment in Bitcoin. The fee I paid today is more than he charges me. I guess I'll have to pay him with fiat. Oh well.

Can you and your driver not setup something using lightning?
Have a good Christmas BTW.

[WatChe]

OK, so I wake up to take a piss, check price, $44,150.

Go back to bed, I'm woken up after a couple of hours by a really nice dream, check price, $43,650.

I can't even remember what the dream was about actually...

This waiting is worse than being a virgin Buddhist monk in Nepal.

I'm done. Back to bed. Philip is right. I'm going all DOGE. 

Why checking the price dude? When we all are convinced that Bitcoin price will be 100k very soon