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

[fillippone]

Blocks are nice and empty at the moment if anyone wants to consolidate.  Just had a 20 sat transaction clear in first block I think.

20 sat/b is way too high for next block inclusion.
Thinking about a post on how to calculate optimal fees and stuff.
Every sat count!
Keeping stacking Satoshi!

I think he meant 20 sat total fee. Mempool is being nearly cleared each block recently.

There is no thing like a 20 sat total fee. Transactions are at least 226 bytes long: at 1 sat/byte this means 226 Satoshi.

EDIT FOR CLARITY: This is not a protocol level limit. 0 sat/tx fees are protocol level valid so actually possible. But as there's no incentive for miners to mine them, I hardly doubt it will be ever mined. Sub 1 sat/byte are also possible, but i THINK many miners set lower bound at 1 sat/byte (coincidentally equal to minimum relay fee): this is to avoid inserting "dust transactions" on their blocks.
So yes, sub 226 satoshi transactions are valid and possible, but very likely not to be mined even with almost empty mempool.
Happy to be proved wrong.

Oh goodness.  I am being shamed for spending $2.65 to send $9,500 half way around the world  


Yes I meant 20/sat per byte.  However I failed to realise that my transaction was 1,400 bytes....  Apparently I have been doing some sweeping of my own.  Still a good deal, but perhaps not as good as it could have been.  

When bitcoin will be in the millions, you'll deeply regret not optimising your fees.
Every sat counts!

Anyway, not shaming, just making sure everyone is doing conscious choices!

[realr0ach]

Off topic but Alternative Hypothesis has an excellent breakdown of Guns, Germs and Steel on YouTube.

His channel probably has the best video on the internet (no, the video content is absolutely nothing like the title)

A Celebration of the Jewish People

https://www.youtube.com/watch?v=ljMPafQpfDU

Can't wait till they all roast.  It's 100% inevitable now no matter what they do.  Far too many people know.

[HairyMaclairy]

Anyway, not shaming, just making sure everyone is doing conscious choices!

Thank you.  You have made me reconsider my fee practices.

If you want to make that post about how to choose fees, please go ahead because I am obviously not following best practice. 

[fillippone]

Anyway, not shaming, just making sure everyone is doing conscious choices!

Thank you.  You have made me reconsider my fee practices.

If you want to make that post about how to choose fees, please go ahead because I am obviously not following best practice. 

I found this post:
Bitcoin Transaction Fees - Everything in one

This is pretty good,actually very similar to what I had in mind.
So probably not worth the effort to write a completely new one only to cross some t's and dot some i's.

So, spreading it here as it might be useful to someone!

[makrospex]

R U serious?
"Homo Sapiens" is a latin insider joke by evolutionary biologists.

Some people would claim haplogroup M and N (all humans that aren't Africans) are a subspecies of L (Africans), but I would say there's a clear species divergence and M and N are not a subspecies but new species in their own right. Instead of admitting a new species has formed with vastly different traits where one can travel into space while the other is still building mud huts, they try to hand wave it away with SJW nonsense like "guns germs and steel".

I mean the term "sapiens", translated as "wise" (sapient).
This must be a joke and 99,99999% of people on this planet, regardless of genetic origin or "race", are prove enough that this name must be a joke.
If you ever came across "Pan Narrans", which would describe the current development state of humanity most correctly, ihmo.

[Woodie]

Seriously, what the hell is this ? Who would even buy them?

It pains me to say this but believe it or not so many people buy this stuff, possible reason why BTC hasn't gone to the moon!

With so many of these bitcoin copy cats(altcoins) it's likely that people who have never used the real bitcoin(BTC) and just hear about it could be the most likely to buy because they will be blinded by the ridiculous low prices or the manner all the bitcoin are indexed.

[realr0ach]

"Pan Narrans"

There was some guy on Zerohedge posting that claimed the gorillas they taught sign language too were scoring higher in intelligence tests than Africans.  Sounds plausible.

https://skeptics.stackexchange.com/questions/32155/does-the-gorilla-koko-have-an-iq-in-the-range-70-95

[Febo]

Dammit page 24666  

Observing BTC @ 9,499 USD

Lets hope soon this two numbers will match.

[_javi_]

Are those huge candles up and down caused by some institution testing the market and their tools?

bakkt, is that you?? 

[_javi_]

Dammit page 24666 

Observing BTC @ 9,499 USD

Lets hope soon this two numbers will match.

As soon as i checked WO, I had a deja-vu with the price at parity too.
I still remember the 10.000 pages fiasco. Dunno who was deleting posts to move the page counter. What a mess it was!


24k USD would be good, but dunno why i rised the bar and the number that would make me smile now is +50k

[AlcoHoDL]

Alone at home today...

Just served my lunch in front of the PC and eating while reading WO...

Lots of pages to read, and boy it feels sooo fcuking cool!

Missing r0ach... I absolutely need to have a dose of Schelling Point, Exter's Pyramid, Nash Equilibrium, Kalergi Plan, Daily Stormer... And, oh man, how I really, REALLY need to hear the "designed to centralize" line... Gets me all worked up inside...down there...you know...

Must be the beer...

Sorry guys... HoDL!

[jbreher]

progressing back

Error!

How sophomoric.

There is an objective: unfucken the protocol, returning it to the original version.

For prudence, this is being done in a stepwise manner.

Each step is -- say it with me now class -- progress toward that objective.

[VB1001]

SOPR

ummmm, neat idea...but I'm just not seeing anything useful in the graph...

am I missing something?

https://studio.glassnode.com/metrics?a=BTC&m=valuation.Sopr

Introducing SOPR: spent outputs to predict bitcoin lows and tops

Introducing the Spent Output Profit Ratio (SOPR)
The SOPR a very simple indicator. It’s calculated from spent outputs. It’s the realized value (USD) divided by the value at creation (USD) of the output. Or simply: price sold / price paid.
When SOPR > 1, it means that the owners of the spent outputs are in profit at the time of the transaction; otherwise, they are at a loss
By plotting the SOPR of all spent outputs combined, aggregated by the day in which they were spent (using blockchain date), the graph can be produced

https://medium.com/unconfiscatable/introducing-sopr-spent-outputs-to-predict-bitcoin-lows-and-tops-ceb4536b3b9


Hi, jojo69 It looks better here.

When SOPR > 1, it means that the owners of the spent outputs got profit from the operation. Otherwise, losses. The bull market seems to reject SOPR below 1, and the bear market to reject SOPR above 1.

https://twitter.com/renato_shira/status/1121517734574133249

[nutildah]

There is an objective: unfucken the protocol, returning it to the original version.

So the original version called for bitcoin acting as a file and data storage service?

[VB1001]

D-day in Bitfinex trial - Will Bitcoin price react?

ALL EYES ON MONDAY’S TRIAL OUTCOME

As previously reported by Bitcoinist, the Supreme Court of the State of New York will resume hearing on the case between the NYAG and bitcoin exchange platform Bitfinex on Monday (July 29, 2019).

A negative outcome for iFinex — the parent company of Bitfinex, could potentially open the exchange and Tether up to more lawsuits. The NYAG is accusing Bitfinex of covering up $850 million in client losses.

https://bitcoinist.com/d-day-in-bitfinex-trial-will-bitcoin-price-react/

[cAPSLOCK]

There is an objective: unfucken the protocol, returning it to the original version.

So the original version called for bitcoin acting as a file and data storage service?

And a service that will have to be run by nation states and/or giant corporations, and will be permissioned, censored and controlled by them?   (assuming it can work at all)

[VB1001]

A couple more reasons to bullieve:
- above 'holy moly' logarithmic trendline (green)
- 3-day 'golden cross' imminent (last time was Jan 2016)

https://twitter.com/alistairmilne/status/1155746902174064641

This is fine, I like it.

[fabiorem]

There is an objective: unfucken the protocol, returning it to the original version.

So the original version called for bitcoin acting as a file and data storage service?

And a service that will have to be run by nation states and/or giant corporations, and will be permissioned, censored and controlled by them?   (assuming it can work at all)

Good questions. The shills from the BSV camp want bitcoin to be a centralized, corporate tool. This is one of the reasons people dont believe CSW is Satoshi.

[Searing]

D-day in Bitfinex trial - Will Bitcoin price react?

ALL EYES ON MONDAY’S TRIAL OUTCOME

As previously reported by Bitcoinist, the Supreme Court of the State of New York will resume hearing on the case between the NYAG and bitcoin exchange platform Bitfinex on Monday (July 29, 2019).

A negative outcome for iFinex — the parent company of Bitfinex, could potentially open the exchange and Tether up to more lawsuits. The NYAG is accusing Bitfinex of covering up $850 million in client losses.

https://bitcoinist.com/d-day-in-bitfinex-trial-will-bitcoin-price-react/

My view is that they are gonna lose big. Others? What do you all think?

[serveria.com]

Dammit page 24666 

Observing BTC @ 9,499 USD

Lets hope soon this two numbers will match.

As soon as i checked WO, I had a deja-vu with the price at parity too.
I still remember the 10.000 pages fiasco. Dunno who was deleting posts to move the page counter. What a mess it was!


24k USD would be good, but dunno why i rised the bar and the number that would make me smile now is +50k

Exactly! Same here: $20-25k doesn't sound fun anymore.... I guess some $90-120k could make me sell some $ of my stash though (today). If we're talking about 2021 then I guess this number will go even further up...