Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1413.

bitmover

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bitcoindata.science

Quote from: OgNasty on December 21, 2023, 07:41:40 PM

Bitcoin is having a nice run but with its mempool issues currently you can really see the effect on higher throughput blockchains. Solana and ADA seem to be crushing it as a result. I hope Bitcoin can get this figured out. It is way too early in the cycle to be having these issues. Makes you wonder who these people are making transactions currently.

I have used some XMR and LTC recently ( which were quite fast and cheap), it is almost impossible to move btc now. Curiously, those coins are not performing well...

jojo69

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diamond-handed zealot

dansus021

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Part of AOBT - English Translator to Indonesia

Quote from: JimboToronto on December 21, 2023, 09:07:37 PM

This mempool congestion is annoying but luckily it shouldn't affect me too badly. I paid a much lower than usual fee today to transfer half a coin to one of my OTC dudes because I anticipated a possible Xmas dip and I liked $44k. I needed to give the taxman his monthly pound of flesh and have some extra bank money to cover utilities etc while I'm in Mexico. Surprisingly it confirmed quickly.

Did you pay the median fee of 200 sats/Vb if so it will confirmed quickly but it costs more than 10$ per transaction.
and same as you this ordinal is really not stopping in the short term maybe next year the Bitcoin block can really cooldown

anyway weekly candle update

Bitcoin is really wants to break the 45K level but its seems hard tho It can be broken easily if the good news about ETF is coming. so keep an eye guys

JimboToronto

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You're never too old to think young.

Quote from: OgNasty on December 21, 2023, 07:41:40 PM

Bitcoin is having a nice run but with its mempool issues currently you can really see the effect on higher throughput blockchains. Solana and ADA seem to be crushing it as a result. I hope Bitcoin can get this figured out. It is way too early in the cycle to be having these issues. Makes you wonder who these people are making transactions currently.

This mempool congestion is annoying but luckily it shouldn't affect me too badly. I paid a much lower than usual fee today to transfer half a coin to one of my OTC dudes because I anticipated a possible Xmas dip and I liked $44k. I needed to give the taxman his monthly pound of flesh and have some extra bank money to cover utilities etc while I'm in Mexico. Surprisingly it confirmed quickly.

I should be good now until April and hopefully by then this pathetic ordinals crap should have passed like a constipation turd and fees will be more reasonable. Today's transaction was large enough that the fee really wasn't that important. It's still much cheaper and faster than any other payment method except cash hand-to-hand.

The one place where it will affect me is my ride to the airport. My go-to driver not only charges me much less than a taxi but he takes payment in Bitcoin. The fee I paid today is more than he charges me. I guess I'll have to pay him with fiat. Oh well.

ChartBuddy

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ChartBuddy

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OgNasty

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Leading Crypto Sports Betting & Casino Platform

Bitcoin is having a nice run but with its mempool issues currently you can really see the effect on higher throughput blockchains. Solana and ADA seem to be crushing it as a result. I hope Bitcoin can get this figured out. It is way too early in the cycle to be having these issues. Makes you wonder who these people are making transactions currently.

ChartBuddy

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TrustedBitcoiner

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Quote from: hisslyness on December 21, 2023, 06:27:12 PM

Quote from: d_eddie on December 21, 2023, 10:15:42 AM

This "in cash" thing about the ETF is ticking me off. They're just looking for a way into paper btc, which as of now isn't a (real) thing. They will have their way, I'm sure.

I hope they get burned by the mightiest short squeeze on the "underlying" the Earth has ever seen. That will teach them and enrich others (notably, some of the people reading these words).

I don't the correlation between in-cash and paper BTC. Bitcoin ETF will be a highly regulated product, given the position of the SEC.

I don't see a problem with "in-cash" settlement, considering most in market participants would be entering in cash, would make sense from a financial/accounting side to exit in-cash as well.

Some drawbacks floating around is fees/fees and more fees. Given the state of the mempool, i think settlement in cash maybe more of an advantage, given the cost to sell on an exchange is less than 1%

in-cash or in-kind, fractional-reserve / paper Bitcoin is still possible... and porbably legal?

gold ETFs are a "highly regulated product" and they naked short sell the crap out of that all the time, no?

JimboToronto

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You're never too old to think young.

Quote from: goldkingcoiner on December 21, 2023, 05:41:48 PM

Quote from: JimboToronto on December 21, 2023, 03:35:50 PM

I'll be putting on the Santa suit on Saturday and playing Xmas songs on the Hammond organ at the local pub, doing a mix of traditional Christmas carols and the popular Xmas songs of the baby boomers' childhood (which are now standards and thrust upon every generation since!).

Man I would love to hear that.

Have a great Christmas!

You too. And happy holidays for anyone offended by Christmas.

Today's the winter solstice here in the northern hemisphere and the pagans are having a ball. They're closing off streets for a "Festival of Lights" in one neighborhood and having a big parade complete with stilt-walkers, fire-eaters, tribal drums and a big bonfire in the park, all under careful supervision of the Toronto Fire Department. One entrepreneur is even selling little tealight-burning paper lanterns on sticks for the parade-goers.

There's a reason why many religions seem to have their biggest holiday at this time of year. It's the solstice. Oh boy, the sun's not dying... the days are getting longer again. Let's celebrate.

hisslyness

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Quote from: d_eddie on December 21, 2023, 10:15:42 AM

This "in cash" thing about the ETF is ticking me off. They're just looking for a way into paper btc, which as of now isn't a (real) thing. They will have their way, I'm sure.

I hope they get burned by the mightiest short squeeze on the "underlying" the Earth has ever seen. That will teach them and enrich others (notably, some of the people reading these words).

I don't the correlation between in-cash and paper BTC. Bitcoin ETF will be a highly regulated product, given the position of the SEC.

I don't see a problem with "in-cash" settlement, considering most in market participants would be entering in cash, would make sense from a financial/accounting side to exit in-cash as well.

Some drawbacks floating around is fees/fees and more fees. Given the state of the mempool, i think settlement in cash maybe more of an advantage, given the cost to sell on an exchange is less than 1%

ChartBuddy

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goldkingcoiner

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A Bitcoiner chooses. A slave obeys.

Quote from: JimboToronto on December 21, 2023, 03:35:50 PM

I'll be putting on the Santa suit on Saturday and playing Xmas songs on the Hammond organ at the local pub, doing a mix of traditional Christmas carols and the popular Xmas songs of the baby boomers' childhood (which are now standards and thrust upon every generation since!).

Man I would love to hear that.

Have a great Christmas!

ChartBuddy

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Biodom

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Quote from: boumalo on December 21, 2023, 01:15:16 PM

Quote from: xzy887 on December 21, 2023, 12:48:52 PM

If you invested $1,000, 10 years ago:

Google: $5,000
Facebook: $6,000
Amazon: $7,500
Tesla: $25,000
Bitcoin: $44,000
BM

Google 8000$

1000$ invested in BTC 6 years ago, 2000$ now Grin

My read on this (short time period relative "underperformance") is that bitcoin run out of 'adventurous' investors, but is about to unlock the "advised money" first, then sovereign funds.

IMHO, bitcoin shall come to out performance soon or it could have already started last October and may last for 7 years, as it did when gold ETF was approved.

AlcoHoDL

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Addicted to HoDLing!

Quote from: LFC_Bitcoin on December 21, 2023, 02:50:45 PM

[...]

Little by little we are readying for the monster of all bull runs.

Quote from: LFC_Bitcoin on December 21, 2023, 03:14:00 PM

[...]

$200,000 before end of 2025 is programmed.

I love you man...

#nohomo

ChartBuddy

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JimboToronto

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You're never too old to think young.

Quote from: El duderino_ on December 21, 2023, 12:04:14 PM

Have had good holiday soon

@Jimbo

Thanx bro. Turkey's in the fridge. Gifts are mostly bought and wrapped.

I'll be putting on the Santa suit on Saturday and playing Xmas songs on the Hammond organ at the local pub, doing a mix of traditional Christmas carols and the popular Xmas songs of the baby boomers' childhood (which are now standards and thrust upon every generation since!). I'm really a bassist but I like doing the one-man-band thing on the organ, playing the bass pedals with different parts on the two manual keyboards. It's kinda like juggling... you've only got two sides of the brain but three parts to deal with. One part has to be in the air, in this case my left hand which kinda goes on autopilot playing whatever chord the right hand melody and left foot bass line are doing. Fun.

Wife's already down in Mexico City for Christmas with her family there. I'll be with my family here in Toronto and then we'll fly to Cancun during the first week of January to meet at the airport there and start our winter in Quintana Roo. By then we'll both be ready to relax for a while on the Caribbean before heading out to the jungle to build a roof on the new house..

The holiday season can be hectic but I still love it. Have a great one yourself.

shahzadafzal

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FYI

theymos has finally enabled two-factor authentication for bitcointalk

2FA added
https://bitcointalksearch.org/topic/2fa-added-5478824

LFC_Bitcoin

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#1 VIP Crypto Casino

@BitcoinMagazine
JUST IN: 🇺🇸 SEC is having "rare joint conference call with prospective spot #Bitcoin ETF filers" — FOX Business

"The decision is coming by Jan 10" 👀
https://x.com/bitcoinmagazine/status/1737927521444729126?s=46

It’s definitely coming soon.

$200,000 before end of 2025 is programmed.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1413. (Read 26720873 times)