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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Despite anticipated diminishing returns compared to previous cycles, projections indicate potential targets of $120,000-$130,000.
https://bitcoin.zorinaq.com/price/ - Fits with this.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
On a related note, what is with the low transaction backlog? This morning there were under 5,000 unconfirmed transactions, that's exceptionally low compared to 200k plus last month. Is this LN, the network without all the spam, or what?
I'm checking the LN growth on a daily basis. I would not say that there is any correlation between the mempool and the growth rate or total number of channels or volume.
Mempool 1W: https://dedi.jochen-hoenicke.de/queue/#1w
LN 1W: https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-7d&to=now
edit: grammar.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
There are less than 100 Bcash nodes operational. Looks like someone threw the switch on 500 AWS instances.
How exceptionally sad.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Last of the V8s (1)
1. Bitcoin is not diving
2. Bitcoin is not mooning
3. No/Little hacks reported
4. LN still growing consistently (+700 channels from last week) https://p2sh.info/dashboard/db/lightning-network?orgId=1
5. SegWit adoptions growing http://segwit.party/charts/#
6. Mempool looks drained (recommeded 50 satoshis/byte) https://dedi.jochen-hoenicke.de/queue/#30dhttps://estimatefee.com/
= WO goes WWII o_0.
I like and do not like this.
2. Bitcoin is not mooning
3. No/Little hacks reported
4. LN still growing consistently (+700 channels from last week) https://p2sh.info/dashboard/db/lightning-network?orgId=1
5. SegWit adoptions growing http://segwit.party/charts/#
6. Mempool looks drained (recommeded 50 satoshis/byte) https://dedi.jochen-hoenicke.de/queue/#30dhttps://estimatefee.com/
= WO goes WWII o_0.
I like and do not like this.
LN wächst langsam weiter und hat die 1000 Channel-Marke bald durchbrochen:
https://ibb.co/ifdLER
edit: embedded image won't load.
https://ibb.co/ifdLER
edit: embedded image won't load.
Hallo zusammen! Ich habe erst im Nachhinein von der Aktion erfahren als ich zufällig auf dieses Thread hier gestoßen bin. Ich schließe mich den zahlreichen Vorrednern an: Super-Geile Aktion!! Bin gespannt ob Ihr dieses Jahr wieder so ne Aktion startet. 
Würden bestimmt wieder viele mitmachen hier.
Würden bestimmt wieder viele mitmachen hier.Ich schließe mich an!
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
For example, A and B connect to me with 1 BTC each. I copy their public key to an offline machine and have it generate a million transactions each (or however many are needed) to account for every possible signed transaction then transfer that to a computer online.
Also, if this is possible, what prevents me from signing all of those transactions then spending the bitcoins somewhere else. Or is this what SegWit fixed?
No you can't do that. You only get some coin from Alice that you must pass on to the opposite end of one of your open channels. Each channel has only two ends: you and the other guy. So you get money on one channel (Alice), you pass it on to Charlie, which will help with another hop, until the coins reach the final destination - Bob, but none of the intermediate nodes knows that. You can't withhold the funds within your node. They must travel onwards.Also, if this is possible, what prevents me from signing all of those transactions then spending the bitcoins somewhere else. Or is this what SegWit fixed?
And in this scenario could we interpret every single channel "section" (aka my combined 2 connections (Alice to me, and me to Charlie) as a tx confirmation? Thus, a passthrough of let's say 5 channels equals 5 confirmations?
Also, could we interpret the dropping number of average txs as a result of LN growing?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
For example, A and B connect to me with 1 BTC each. I copy their public key to an offline machine and have it generate a million transactions each (or however many are needed) to account for every possible signed transaction then transfer that to a computer online.
Also, if this is possible, what prevents me from signing all of those transactions then spending the bitcoins somewhere else. Or is this what SegWit fixed?
No you can't do that. You only get some coin from Alice that you must pass on to the opposite end of one of your open channels. Each channel has only two ends: you and the other guy. So you get money on one channel (Alice), you pass it on to Charlie, which will help with another hop, until the coins reach the final destination - Bob, but none of the intermediate nodes knows that. You can't withhold the funds within your node. They must travel onwards.Also, if this is possible, what prevents me from signing all of those transactions then spending the bitcoins somewhere else. Or is this what SegWit fixed?
And in this scenario could we interpret every single channel "section" (aka my combined 2 connections (Alice to me, and me to Charlie) as a tx confirmation? Thus, a passthrough of let's say 5 channels equals 5 confirmations?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
You completely ignored the fact that China and Russia are both very clearly going back to precious metals as money. So again, why would they let the west derail their plan with these centralized, imaginary tokens that don't even scale when metals are far better for them and more sound as money anyway?
And there's more to crypto than just Bitcoin, which renders your argument regarding China entirely redundant.
God, I'd love to know how roach's brain is working so efficiently at neglecting any information that is not in compliance with his views and believes. It's astounding.
*excuse errors, please.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Returning from the holiday breaks I see what had some "turbulence" but are on the right track, when can I see a new ath, please? What's the updated weather forecast?
#godblessthehodl
#godblessthehodl
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
In the time it took me to check the thread, read the latest posts, start the capture and go back to bitstamp, the 100 btc "wall" I saw was already munched down to 75...
but anyways, i think we are munching:
but anyways, i think we are munching:
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Most of the traders are too emotional to make real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this:
1. Buy Bitcoin.
2. Bitctoin doesn't rise.
3. Some altcoin rises 50-100-300---% in 2-3 days.
4. What to do, what to do.. Ok let's sell the bitcoins with 10-30% loss.
5. Now let's buy altcoins 1,2, 3,...
6. Yupee, they rise 10%! I'm rich!
7. Oh, no!! They lose 10-20% in several minutes! I can't sell because the exchange is broken!
8. Finaly, exchange is working. I'll wait to get back where I bought it.
9. Oh, no! Alts lose another 50-80%!!!
10. Ok, let's sell now!
11. Look, Bitcoin is 20% above the last ATH and 50% above I sold it!
12. I'll wait for the big crash to buy it again. In the meantime I will spread FUD in the forum.
13. Finally, Bitcoin is 10% less than the previous ATH but 100% above where I sold it!
14. Let's buy now.
14. Oh, no bitcoin is down 10% again. Go to step 2. Rinse and repeat.
Balance at the end of the year:0
1. Buy Bitcoin.
2. Bitctoin doesn't rise.
3. Some altcoin rises 50-100-300---% in 2-3 days.
4. What to do, what to do.. Ok let's sell the bitcoins with 10-30% loss.
5. Now let's buy altcoins 1,2, 3,...
6. Yupee, they rise 10%! I'm rich!
7. Oh, no!! They lose 10-20% in several minutes! I can't sell because the exchange is broken!
8. Finaly, exchange is working. I'll wait to get back where I bought it.
9. Oh, no! Alts lose another 50-80%!!!
10. Ok, let's sell now!
11. Look, Bitcoin is 20% above the last ATH and 50% above I sold it!
12. I'll wait for the big crash to buy it again. In the meantime I will spread FUD in the forum.
13. Finally, Bitcoin is 10% less than the previous ATH but 100% above where I sold it!
14. Let's buy now.
14. Oh, no bitcoin is down 10% again. Go to step 2. Rinse and repeat.
Balance at the end of the year:0
So much. So many people approaching me asking about altcoins ("it's rising so fast and much better because x,y,z bla") just to come back to me a week later telling me that they bought back into BTC.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Someone was talking about a "man of color" or similar recently: https://trends.google.com/trends/explore?q=bitcoin
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I believe we just hit Roger's wall at .1
Let's watch it crumble
Let's watch it crumble
