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

[xhomerx10]

~snip

have you ever tried Japanese (blue) grapes?  I think only very ripe blue gooseberries come close to that kind of taste

 I've never had the pleasure.   It's hard to find rare fruits around here but I'll keep my eyes peeled. (that was lame, sorry)

[1714257606]

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[1714257606]

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[OutOfMemory]

I agree with the first statement but not the second. Why would you ever consider trading back to fiat? I would rather see Bitcoin drop to 0 before trading back to fiat.

buying nice things ?

I'm pretty sure many are getting back quite some life changing amount and they will consider cashing out a part for ... see above

I prefer to buy things i need over things that are nice.
For now, i'm satisfied with my current life, so no real need to change it.
At least not this early

that's exactly what I'm talking about: for some it's not early anymore and they are sitting on a 50x or 100x

and btw buying things you need is nice as well... isn't it?

Nope. Not in my understanding. When i don't need some thing, i likely wouldn't buy it. So it's not quite nice if i have to...
That's also the reason why i actually repair most of my stuff if it breaks. I just don't want to buy replacements for stuff many people would just throw away if malfunctioning.
I like to live on a small environmental footprint, too. Regarding special hobbies, i am open to the more "nice things" side of purchases, but i usually think at least twice about these.

#GN

[Gachapin]

I agree with the first statement but not the second. Why would you ever consider trading back to fiat? I would rather see Bitcoin drop to 0 before trading back to fiat.

buying nice things ?

I'm pretty sure many are getting back quite some life changing amount and they will consider cashing out a part for ... see above

I prefer to buy things i need over things that are nice.
For now, i'm satisfied with my current life, so no real need to change it.
At least not this early 

that's exactly what I'm talking about: for some it's not early anymore and they are sitting on a 50x or 100x

and btw buying things you need is nice as well... isn't it?

 I've been getting by on nothing for so long now, I don't feel like I need anything.  Maybe a case of Indian River Ruby Red Florida grapefruit... but that's about it.

haven't sold a satoshi for about 8 years but not everyone is the same

I love fruits btw.  I rarely eat vegetables..

 I worked on a farm when I was young - there's nothing like Cortland apple fresh off the tree.   After bringing in straw for 10 to 12 hours, I would cycle by the orchard on the way out and grab the biggest one I could find to eat on the way home

never tried Cortland. what do they taste like?
Apples are so divers in taste it's almost a miracle. Even when apples get old and mealy you can grate them and they taste delicious again (at least most of them)

[philipma1957]

I agree with the first statement but not the second. Why would you ever consider trading back to fiat? I would rather see Bitcoin drop to 0 before trading back to fiat.

buying nice things ?

I'm pretty sure many are getting back quite some life changing amount and they will consider cashing out a part for ... see above

I prefer to buy things i need over things that are nice.
For now, i'm satisfied with my current life, so no real need to change it.
At least not this early 

that's exactly what I'm talking about: for some it's not early anymore and they are sitting on a 50x or 100x

and btw buying things you need is nice as well... isn't it?

 I've been getting by on nothing for so long now, I don't feel like I need anything.  Maybe a case of Indian River Ruby Red Florida grapefruit... but that's about it.

haven't sold a satoshi for about 8 years but not everyone is the same

I love fruits btw.  I rarely eat vegetables..

 I worked on a farm when I was young - there's nothing like Cortland apple fresh off the tree.   After bringing in straw for 10 to 12 hours, I would cycle by the orchard on the way out and grab the biggest one I could find to eat on the way home

A perfectly ripe home grown vintage tomato. Picked warm from sunlight. is really good.

[Gachapin]

I agree with the first statement but not the second. Why would you ever consider trading back to fiat? I would rather see Bitcoin drop to 0 before trading back to fiat.

buying nice things ?

I'm pretty sure many are getting back quite some life changing amount and they will consider cashing out a part for ... see above

I prefer to buy things i need over things that are nice.
For now, i'm satisfied with my current life, so no real need to change it.
At least not this early

that's exactly what I'm talking about: for some it's not early anymore and they are sitting on a 50x or 100x

and btw buying things you need is nice as well... isn't it?

Nope. Not in my understanding. When i don't need some thing, i likely wouldn't buy it. So it's not quite nice if i have to...
That's also the reason why i actually repair most of my stuff if it breaks. I just don't want to buy replacements for stuff many people would just throw away if malfunctioning.
I like to live on a small environmental footprint, too. Regarding special hobbies, i am open to the more "nice things" side of purchases, but i usually think at least twice about these.

#GN

I had times in my life when I coudn't get the stuff I needed (basic things, even food).

So being able to buy stuff that I have to buy is very nice for me.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Torque]

You all know this doesn't have legs right? I don't think there's been a better sell signal in all of history for anything.

Look who’s back!

The alpaca is backa.

Edit: Some people still don't know the difference between an alpaca and a llama.

All I want to know is... can I still buy Alpaca socks with bitcoin?

[OutOfMemory]

I had times in my life when I coudn't get the stuff I needed (basic things, even food).

So being able to buy stuff that I have to buy is very nice for me.

Yeah, not every one of us here is gifted.
I remember times a decade before Bitcoin when i was in about the same situation, buying things wise. I'm glad i'm well past these times, but they had taught me well, too.

#YIN
#YANG

have a good night, may we all wake up to another ATH tomorrow  

[Gachapin]

I had times in my life when I coudn't get the stuff I needed (basic things, even food).

So being able to buy stuff that I have to buy is very nice for me.

Yeah, not every one of us here is gifted.
I remember times a decade before Bitcoin when i was in about the same situation, buying things wise. I'm glad i'm well past these times, but they had taught me well, too.

#YIN
#YANG

have a good night, may we all wake up to another ATH tomorrow  

yep I wouldn't want to miss that experience either!

sleep well fellow coiners.... or have a nice day, depending on your time zone 

[Krubster]

In my opinion, the distribution of the MtGox coins will be a nothingburger.

There are 140k btc to be distributed among like 40k creditors. Thinking all those creditors will immediately sell all their coins is just silly. Some will, some won't, but definitely not all.

Unlike OgNasty, who thinks all of them will be sold immediately, let's make an assumption that half of them will hit the market in the near future. Let's also make the assumption that they will evenly get sold during the span of a month. That's 2.2k (65k/30) coins per day. 2.2k btc per day is nothing. For reference, the net inflow yesterday for the btc ETF's was 10k btc.

I know I've said it before, but as a creditor myself I have no plan to sell any coins once I get them.

Selling anything right now would just be silly, we are in the beginning of a bull market ffs.

[xhomerx10]

I agree with the first statement but not the second. Why would you ever consider trading back to fiat? I would rather see Bitcoin drop to 0 before trading back to fiat.

buying nice things ?

I'm pretty sure many are getting back quite some life changing amount and they will consider cashing out a part for ... see above

I prefer to buy things i need over things that are nice.
For now, i'm satisfied with my current life, so no real need to change it.
At least not this early 

that's exactly what I'm talking about: for some it's not early anymore and they are sitting on a 50x or 100x

and btw buying things you need is nice as well... isn't it?

 I've been getting by on nothing for so long now, I don't feel like I need anything.  Maybe a case of Indian River Ruby Red Florida grapefruit... but that's about it.

haven't sold a satoshi for about 8 years but not everyone is the same

I love fruits btw.  I rarely eat vegetables..

 I worked on a farm when I was young - there's nothing like Cortland apple fresh off the tree.   After bringing in straw for 10 to 12 hours, I would cycle by the orchard on the way out and grab the biggest one I could find to eat on the way home

never tried Cortland. what do they taste like?
Apples are so divers in taste it's almost a miracle. Even when apples get old and mealy you can grate them and they taste delicious again (at least most of them)

 Sorry, I had to take the youngest to a birthday party. 

 The flesh is bright white, slightly crispier than a Macintosh but sweeter while still being tart and very juicy.  My grandma used tell me, "Those are cooking apples!" but I wasn't much of a cook back then (well, I cooked but not pies), it satisfied my hunger on the ride home and they are delicious (not the apple variety delicious).  I can get them here still in season but generally, I get whatever Costco has - Honeycrisp, if I'm feeling wealthy, Ambrosia or Gala otherwise.  I would get the Macs but my my wife and kids think they're too soft.  I like fruits too and we usually have a good selection of fruits on hand - we always have apples, mandarins (or clementines), seedless grapes and bananas... fresh strawberries if they're available otherwise a bag of frozen sliced.   For some reason, the Florida oranges and grapefruit have been very difficult to find these last few years.  I did find some Florida Ruby Red grapefruit by accident a couple weeks ago - we had a visitors staying over so I prepared some at breakfast and I was told by one of them, "I don't really like grapefruit." and I said, "Well then, I suspect you haven't tried one of these; just take a spoon and see if you like it." and after they tried it, they couldn't believe how sweet it was, finished it and then accused me of putting sugar on it.  I did not.
 
 I'd better stop giving away my secrets or it'll be even harder to find Indian River Ruby Reds and Ethiopian Guji, Gigesa coffee beans.  It's the same thing that happened to bitcoin when I told everyone how good it was.

[vapourminer]

I know I've said it before, but as a creditor myself I have no plan to sell any coins once I get them.

same here.

however i will dump the bcash_lol pretty much instantly

[xhomerx10]

You all know this doesn't have legs right? I don't think there's been a better sell signal in all of history for anything.

Look who’s back!

The alpaca is backa.

Edit: Some people still don't know the difference between an alpaca and a llama.

All I want to know is... can I still buy Alpaca socks with bitcoin?

 I'll get some locally-sourced alpaca wool and learn how to knit you some socks for bitcoin if the price is right

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JimboToronto]

All I want to know is... can I still buy Alpaca socks with bitcoin?

Good question. 4 years ago Grasshill said they were selling socks for Bitcoin again. They're the original Bitcoin alpaca socks people who started the whole Bitcoin-alpaca connection.

https://www.reddit.com/r/Bitcoin/comments/g7fgak/theyre_back_you_can_buy_alpaca_socks_with_bitcoin/

Their current website makes no mention though.

https://grasshillalpacas.wpcomstaging.com/

Maybe email them.

[Krubster]

I know I've said it before, but as a creditor myself I have no plan to sell any coins once I get them.

however i will dump the bcash_lol pretty much instantly

Of course, that goes without saying 

[somac.]

Seems the chain spammers have finally run out of money, or I guess achieved their goals. Just to remind everybody again, the solution to high fees, is high fees.

[Krubster]

Seems the chain spammers have finally run out of money, or I guess achieved their goals. Just to remind everybody again, the solution to high fees, is high fees.

I never really cared about the mempool fees until I started to running a lightning node. Now I keep a tab open at all times to monitor the mempool when I'm using the computer.

January was quite a rough month, considering the mempool fees. I had two channels force closed, costing me roughly 200k sats.

[Lida93]

I agree with the first statement but not the second. Why would you ever consider trading back to fiat? I would rather see Bitcoin drop to 0 before trading back to fiat.

buying nice things ?

I'm pretty sure many are getting back quite some life changing amount and they will consider cashing out a part for ... see above

I prefer to buy things i need over things that are nice.
For now, i'm satisfied with my current life, so no real need to change it.
At least not this early

that's exactly what I'm talking about: for some it's not early anymore and they are sitting on a 50x or 100x

and btw buying things you need is nice as well... isn't it?

Nope. Not in my understanding. When i don't need some thing, i likely wouldn't buy it. So it's not quite nice if i have to...
That's also the reason why i actually repair most of my stuff if it breaks. I just don't want to buy replacements for stuff many people would just throw away if malfunctioning.
I like to live on a small environmental footprint, too. Regarding special hobbies, i am open to the more "nice things" side of purchases, but i usually think at least twice about these.

#GN

I had times in my life when I coudn't get the stuff I needed (basic things, even food).

So being able to buy stuff that I have to buy is very nice for me.

from what I know, everyone's lives experience from childhood to adult wasn't same. Some didn't had the luxury of enjoying what they are opportune to be capable of  today  and for such set of persons they really want to enjoy now what they were unable to while growing up due to their weak financial background back then.

 but this attitudinal way of thinking may be different to some other person that had a beautiful childhood of having access to almost everything nice that made life beautiful for him. The taste to mostly get nice things than just only the things you feel needed will  differ between the individual's.

[somac.]

Seems the chain spammers have finally run out of money, or I guess achieved their goals. Just to remind everybody again, the solution to high fees, is high fees.

I never really cared about the mempool fees until I started to running a lightning node. Now I keep a tab open at all times to monitor the mempool when I'm using the computer.

January was quite a rough month, considering the mempool fees. I had two channels force closed, costing me roughly 200k sats.

So looking into the future when mempool fees are consistently higher due to more users, how negative do you think that will be for the LN? I mean the whole point of it is so that we can still have cheap transactions. I really know very little about the theory, or current practicality of it, at the moment as I just haven't had the time to get into it.