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

[xyzzy099]

WTF, Is it believable for a low amount transaction of this fee.

4 may 2024, someone paid $100,608 fees for their $6 amount Bitcoin transfer.

Hmm. No change address. Weird. I don't think any legit wallet would miss that.

ive sent txs setting the fee to be deducted from the sent amount in core. so, the tx goes out with just destination addy. guess it was deliberate?

This kind of thing used to happen occasionally because someone tried to spend directly from a paper wallet without transferring the whole amount in the wallet.  There is no change address for a paper wallet, so you have to transfer the whole amount in the paper wallet to a 'hot' wallet first if you want to be able to spend some part of it and get your change.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[birr]

bash script halving date predictor

Code:

#!/bin/bash
echo "today's date: $(date --iso-8601)"
bid=$(curl -s "https://www.bitstamp.net/api/ticker/" | jq -r ".bid")
ask=$(curl -s "https://www.bitstamp.net/api/ticker/" | jq -r ".ask")
#p0 is midmarket price to 2 decimals
P0=$(bc -l <<< "scale=2; ($bid+$ask)/2")
echo "mid-market BTCUSD: "$P0
latestblock=$(wget -q -O - "https://blockchain.info/latestblock" | jq -r ".height")
echo "latest block "$latestblock
t=$(wget -q -O - "https://blockchain.info/latestblock" | jq -r ".time")
echo "timestamp of latest block "$t
#db = differential block
db=$((2*$latestblock-1050000))
#pt = projected timestamp of next halving
pt=$((2*$t-$(wget -q -O - "https://blockchain.info/block-height/$db" | jq -r ".blocks[0].time")))
echo "projected timestamp of next halving "$pt
echo "projected date of next halving"
date -u -d @$pt
#timestamp of block 840000 is 1713571767
dproj=$(bc -l <<< "scale=6; ($pt-1713571767)/86400")
echo "predicted days between halvings "$dproj

[d_eddie]

WTF, Is it believable for a low amount transaction of this fee.

4 may 2024, someone paid $100,608 fees for their $6 amount Bitcoin transfer.

Hmm. No change address. Weird. I don't think any legit wallet would miss that.

ive sent txs setting the fee to be deducted from the sent amount in core. so, the tx goes out with just destination addy. guess it was deliberate?

This kind of thing used to happen occasionally because someone tried to spend directly from a paper wallet without transferring the whole amount in the wallet.  There is no change address for a paper wallet, so you have to transfer the whole amount in the paper wallet to a 'hot' wallet first if you want to be able to spend some part of it and get your change.

...or build yourself a 2-output transaction, where one is your intended payment destination and the other a change address you already control. Then sign it and broadcast it. Bitcoin DIY for OGs, I guess...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

...or build yourself a 2-output transaction, where one is your intended payment destination and the other a change address you already control. Then sign it and broadcast it. Bitcoin DIY for OGs, I guess...

Yep. You can even use the original address as the change address if you want. Several wallets used to do this but it's reckoned as bad practice now.

[aesma]

About inflows into ETFs, maybe look at regular markets ? We got good quarterly reports, so maybe people skimmed off profits and put them into BTC. Or sold in May, go away...into BTC.

[d_eddie]

...or build yourself a 2-output transaction, where one is your intended payment destination and the other a change address you already control. Then sign it and broadcast it. Bitcoin DIY for OGs, I guess...

Yep. You can even use the original address as the change address if you want. Several wallets used to do this but it's reckoned as bad practice now.

Bad practice for privacy reasons? As in "do not reuse addresses", or is there something else too?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

...or build yourself a 2-output transaction, where one is your intended payment destination and the other a change address you already control. Then sign it and broadcast it. Bitcoin DIY for OGs, I guess...

Yep. You can even use the original address as the change address if you want. Several wallets used to do this but it's reckoned as bad practice now.

Bad practice for privacy reasons? As in "do not reuse addresses", or is there something else too?

Multiple situations have been found where more than one digital signature can be used to calculate the private key needed to spend bitcoins. Even if you spend all the bitcoins claimed by this private key at once, it is still possible to double-spend them in theft before they confirm. While the known situations for finding the private key from signatures have been fixed, it is not prudent to assume there aren't more such situations yet unknown.

https://en.bitcoin.it/wiki/Address_reuse


It will get more risky when quantum computing becomes a thing (in the future)

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[fillippone]

About inflows into ETFs, maybe look at regular markets ? We got good quarterly reports, so maybe people skimmed off profits and put them into BTC. Or sold in May, go away...into BTC.

I seriously doubt about this.
BTC ETF flows have been quite uncorrelated with bitcoin markets, let alone other markets.
I would say that flows were driven by some profit-taking after a substantial, in TradFI terms, retracement from ATH.
Paper hands selling, basically.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Dude should have got his Lambo with bitcoin!

https://odysee.com/@PoliceActivity:b/driver-in-stolen-lamborghini-huracan:9

[El duderino_]

Price not following…
all of the bullishness yet.
Holding my booze cold.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

Dude should have got his Lambo with bitcoin!

https://odysee.com/@PoliceActivity:b/driver-in-stolen-lamborghini-huracan:9

How stupid must one be to end up like this?

Darwin at work here... One less. (and one less Lambo too...)

Keep stackin' guys 'n' gals!

[JayJuanGee]

Dude should have got his Lambo with bitcoin!

https://odysee.com/@PoliceActivity:b/driver-in-stolen-lamborghini-huracan:9

A big ironic how they were looking for the guy for a bit of time before locating him.. presumptively finding him in parts.