Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1507. (Read 26732137 times)

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

Same although The Dark Knight takes the cake for me

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

r.i.p.

Andre Braugher

https://www.yahoo.com/entertainment/andre-braugher-star-homicide-brooklyn-014341100.html


I liked his work.

only 61. damn

---

---

At JJG

I mine btc
I mine ltc/doge
I mine gpus at nicehash in Btc.

I hodl btc and at the moment 60x btc to all other coins.

why is that?

I consider btc to a wealth storage product.

Explanation
Chartbuddy thanks talkimg.com

Sure.. let's pay attention and try to have options, including maybe having some lightning network wallets and learn how to use them, but if you have fairly decent sized BTC transactions, you can still send them and yeah, maybe it will cost you more so you have to try to figure out how to batch them or to use coin control, and surely if the fees are going to be between $5 and$20 rather than less than a dollar, then people are going to have to think about whether they want to send their less than $100 transaction on chain or maybe they have other options and maybe they have to wait until they have $1k or more before they move their transaction? 

Yes, bitcoin was supposed to be meant for the little guy, but the little guy might have to figure out.. on chain versus other layers, and sure maybe s/he will get lured into shitcoins... Is that what you are suggesting?  it is going to get popular to transact in shitcoins?  You have made those statements before, and surely shitcoins would not even be able to exists, persist or to have value without bitcoin, so if people are understanding the hierarchy of things, then maybe it does become practical to do some transactions in shitcoins, but it still probably would not mean that I am going to be holding my main value in that crap, absent some kind of reason to keep a certain amount of value (perhaps $500 to $1k) in some various shitcoins.... I doubt we need to go there yet, but surely maybe if some folks are ONLY able to buy $10 of bitcoin at a time, they have to worry about how many bitcoin do they need to accumulate (and keep stored with third parties) before it is worth it for them to move their BTC to self-custody?  Do they wait until they get to $1k and maybe have a $30 transaction fee?  Yes, people are always engaging in these kinds of considerations, including considering changes and including considering Gresham type principles, even if they have no clue what is Gresham's law, they still follow it by nature, especially if they are living on a tight budget.. which means spending your cheaper money before spending your money that is more likely to retain its value... including recognizing which ones are saved versus which ones are spent..  ie dee cornz should be considered as the most sound of money.... but not everyone is going to know that until getting used to it.

Explanation
Chartbuddy thanks talkimg.com

I think you will continue to do as you have done not an issue for me at all. I simply think to discount the shift that is occurring  with a seemingly more coordinated effort to raise fees than ever is "different" and should be paid attention to.

Like I said at 67 in a month with no children my spending of btc or any other coin I mine is not your case.

Your case is yours.
My case is mine.

I just see a new vector and it is interesting .

pull out to 6 years :  and it looks " new and different"  longer staying power than ever.

Wow. You made me a second "3D" hat for free.

Then again, I didn't ask for it, you offered it. Thanx again.

What is it that you see that I don't see?  

yes, I use that same website to monitor mempool backup and also what levels of fees are clearing,

https://jochen-hoenicke.de/queue/#BTC,all,weight

and yes, the onchain transaction fees have gone up in the last year, partly based on ordinals/inscriptions, so there may well be some additional on chain fee pressures in the coming years.  Sure.  But it does not change anything that I would have written in my post.

You are specifically pointing out that in recent times transaction fees are going above subsidies, so supposedly that is going to change the bitcoin cycle so that we no longer have cycles?  Does that mean bitcoin is broke or what?  From your perspective?

Anyhow, I don't see any reason to panic or to be making extreme changes in my view of bitcoin merely based on some recent spikes in fees that are not supposedly sufficiently coming down.

What is it that you are wanting to say in terms of my "getting things wrong?"   Are you trying to suggest that I need to change my views about bitcoin, dynamics and incentives and what i am doing and saying in regards to bitcoin not being broken?  Do I need to sell more of my bitcoin like you do? or what is it that I  am supposed to do? Just change my ways of thinking in order to what?  Have a better appreciation regarding attempting to predict a calamitous
 future based on present trends in bitcoin fees (as related to block reward subsidies)?  Tell me.

Explanation
Chartbuddy thanks talkimg.com

Because this thread is not full of ETH tards?

Hey, I just realized. Why are your hats not NFTs?

Explanation
Chartbuddy thanks talkimg.com

Explanation
Chartbuddy thanks talkimg.com

Lol.