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

[ChartBuddy]

Explanation

[JimboToronto]

Where are the gay xmas cards? 

I thought it was gay cats this year.

[savetherainforest]

Where are the gay xmas cards? 

I thought it was gay cats this year.

I'm not into animal cruelty, but that was funny.     ...     

[suchmoon]

This is the big problem with electric cars: Once the powertrain warranty is out, the value of the car is pretty much zero. Gas engines can go 200k miles and can be fixed without a full replacement.

I remember in 2005 the roads were full of Gen 1 Priuses. Then they started to just disappear, and now I doubt anyone has seem one in years. Why? Battery pack blowing out and while you can swap it for a couple of thousand, most people just junked em.

It's a problem.

Not to defend Tesla here - horrible build quality and Musk is a smug asshole - but their batteries can last 200k-300k, I've seen quite a few with that mileage. And Model S is supposedly a luxury car that can do 0-60 in like 4 seconds, so that $22k should be compared to maybe M5 or E63 engine replacement? Plus there are battery repair options available, just not in Finland apparently.

Anyway, we're at peak dinosaur juice technology, and electric stuff will only get better.

Edit - grammar.

[AlcoHoDL]

Not a religious person myself, but nevertheless, * MERRY CHRISTMAS * to all WO brethren. Health, happiness and prosperity to all. The last part is mainly King Daddy's job, so may your Bitcoin wallets get fatter and fatter and be worth more and more in the years to come!

[Richy_T]

The only trouble I have with my own car is having to replace the 12V battery pretty often but it's because of the lack of car usage as I work from home and hardly been going anywhere the last couple of years due to the pandemic. And when I do it's a very short journey. But it's only 100-130 bucks to replace the battery.

There is a device out there that will disconnect the battery if the voltage drops close to low enough to start damaging the battery. I was looking into it as I had a Jag that would kill the battery if it was left to sit for about three weeks.

Alternatively, I have a device that I built that will report the battery voltage over wifi. You could set things up so you would get alerts if the battery voltage dropped too low. I've only done preliminary testing so far but haven't tested in in action as I no longer have the Jag and the VW will go for many months without draining the battery.

[ChartBuddy]

Explanation

[heslo]

Merry Christmas lads!

[PoolMinor]

Get ready for +$200K next year!

Current situation on Wall Street Market Cycle......

New phase called "Belief-Denial" located just above "Optimism" and below "Belief"









I am predicting next blow-off top near May 2022. Since it didn't happen already this year.

[serveria.com]

This is the big problem with electric cars: Once the powertrain warranty is out, the value of the car is pretty much zero. Gas engines can go 200k miles and can be fixed without a full replacement.

I remember in 2005 the roads were full of Gen 1 Priuses. Then they started to just disappear, and now I doubt anyone has seem one in years. Why? Battery pack blowing out and while you can swap it for a couple of thousand, most people just junked em.

It's a problem.

Not to defend Tesla here - horrible build quality and Musk is a smug asshole - but their batteries can last 200k-300k, I've seen a quite a few with that mileage. And Model S is supposedly a luxury car that can do 0-60 in like 4 seconds, so that $22k should be compared to maybe M5 or E63 engine replacement? Plus there are battery repair options available, just not in Finland apparently.

Anyway, we're at peak dinosaur juice technology, and electric stuff will only get better.

Speaking about battery repair: I know a guy who's doing battery repairs and according to him in most cases it's not necessary to replace the entire battery pack. What they do is test all batteries inside a battery pack and find the faulty ones. Then they replace the faulty batteries with some used ones so that voltage is approx the same. Such repairs are quite cheap if compared to battery pack replacement and the batteries perform really well too.

[serveria.com]

Get ready for +$200K next year!

Current situation on Wall Street Market Cycle......

New phase called "Belief-Denial" located just above "Optimism" and below "Belief"



I am predicting next blow-off top near May 2022. Since it didn't happen already this year.

Same thoughts here: Late Q1 - early Q2 we're going parabolic! 

[AlcoHoDL]

This is the big problem with electric cars: Once the powertrain warranty is out, the value of the car is pretty much zero. Gas engines can go 200k miles and can be fixed without a full replacement.

I remember in 2005 the roads were full of Gen 1 Priuses. Then they started to just disappear, and now I doubt anyone has seem one in years. Why? Battery pack blowing out and while you can swap it for a couple of thousand, most people just junked em.

It's a problem.

Not to defend Tesla here - horrible build quality and Musk is a smug asshole - but their batteries can last 200k-300k, I've seen a quite a few with that mileage. And Model S is supposedly a luxury car that can do 0-60 in like 4 seconds, so that $22k should be compared to maybe M5 or E63 engine replacement? Plus there are battery repair options available, just not in Finland apparently.

Anyway, we're at peak dinosaur juice technology, and electric stuff will only get better.

Speaking about battery repair: I know a guy who's doing battery repairs and according to him in most cases it's not necessary to replace the entire battery pack. What they do is test all batteries inside a battery pack and find the faulty ones. Then they replace the faulty batteries with some used ones so that voltage is approx the same. Such repairs are quite cheap if compared to battery pack replacement and the batteries perform really well too.

I think I read somewhere that these packs contain regular 18650 cells. I was amazed at first, but then it made sense: ready-made, mature, tried-and-tested cells = easier, quicker, possibly safer design. I guess one could replace the faulty ones if they are physically accessible.

One thing that I've always wondered though: with the 18650 cell being cylindrical, won't there be wasted space between them in the pack? Wouldn't it be better to design rectangular-shaped cells, so that they are stacked more efficiently in the pack?

[cAPSLOCK]

OK.  What is going on?  the mempool is HAMMERED right now according to my little copy of mempool.space.  Is something wrong with my node?




Nope... seems like this is really like that.

Something is going on... what is it?  Someone is spamming the chain, or... or...  Why ALL OF A SUDDEN a huge pile of 2sat/vB transactions?  If you were REALLY trying to spam it you would do 1sat right?

The other weird part is, right now you'd just need to do a fee of 4 sats and you are in the next block...

This is odd!

[ChartBuddy]

Explanation

[Syke]

One thing that I've always wondered though: with the 18650 cell being cylindrical, won't there be wasted space between them in the pack? Wouldn't it be better to design rectangular-shaped cells, so that they are stacked more efficiently in the pack?

Packing circles is approximately 91% space-efficient. I figure the weight and cost are far more important than a tiny amount of space.

[serveria.com]

OK.  What is going on?  the mempool is HAMMERED right now according to my little copy of mempool.space.  Is something wrong with my node?




Nope... seems like this is really like that.

Something is going on... what is it?  Someone is spamming the chain, or... or...  Why ALL OF A SUDDEN a huge pile of 2sat/vB transactions?  If you were REALLY trying to spam it you would do 1sat right?

The other weird part is, right now you'd just need to do a fee of 4 sats and you are in the next block...

This is odd!

Yepp, I'm waiting for a couple of transactions to confirm. One incoming transaction arrived earlier today and got confirmed quickly (the fee was 3sat/b) the other is still unconfirmed (40mb from tip!). The fee for this transaction is 1sat/b. So yeah something is definitely is not ok with the mempool. 

[cAPSLOCK]

OK.  What is going on?  the mempool is HAMMERED right now according to my little copy of mempool.space.  Is something wrong with my node?




Nope... seems like this is really like that.

Something is going on... what is it?  Someone is spamming the chain, or... or...  Why ALL OF A SUDDEN a huge pile of 2sat/vB transactions?  If you were REALLY trying to spam it you would do 1sat right?

The other weird part is, right now you'd just need to do a fee of 4 sats and you are in the next block...

This is odd!

Yepp, I'm waiting for a couple of transactions to confirm. One incoming transaction arrived earlier today and got confirmed quickly (the fee was 3sat/b) the other is still unconfirmed (40mb from tip!). The fee for this transaction is 1sat/b. So yeah something is definitely is not ok with the mempool. 

Well... if you can wait on the 1sat transaction, I imagine it will clear eventually, possibly this weekend.  Looking at recent history there have been a few of these type of events with a big blast of low fee traffic.  Usually with a little more organic spread of fees though... this sort of seems like a single actor with a huge pile of transactions and a lot of tolerance for waiting?

On the other hand, I have to admit, I am very fond of RBF.   I had never really thought how that feature renders the spam attacks on the chain fairly moot.

[d_eddie]

On the other hand, I have to admit, I am very fond of RBF.   I had never really thought how that feature renders the spam attacks on the chain fairly moot.

That must be the reason why big blockers were and still are so sour with RBF 

[cAPSLOCK]

On the other hand, I have to admit, I am very fond of RBF.   I had never really thought how that feature renders the spam attacks on the chain fairly moot.

That must be the reason why big blockers were and still are so sour with RBF 

Indeed.  It never made sense to me 'till now.  But that is definitely why, lol.

That said, the more I look at this the more I am betting this is a LARGE actor, like an exchange doing some UTXO cleanup during what will likely be some pretty dead days for the mempool.

[LFC_Bitcoin]

Seeing RBF mentioned, I used CPFP for the first time this year. I’m actually not a massively gifted techie so I found that a really cool feature. Bitcoin really is incredible isn’t it