Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1582. (Read 26712929 times)
October 17, 2023, 09:04:49 PM
October 17, 2023, 08:04:49 PM
October 17, 2023, 07:01:18 PM
October 17, 2023, 06:55:23 PM
It's not yet time to go above $30,000, a suitable time to have coffee first on Wednesday morning, yesterday's news made enthusiasts including my friend to sell altcoins and buy bitcoins. the panorama has not been visited by rain yet it's time to penetrate the mountain to the bikini bottom.november rain to hight btc, right?
People just got hype when they hear ETF approval happen but then their expectation has been shutdown when they found out that this is just only rumor. That's why after that we see price fall, but we don't need to worry about that situation since it still manageable and maybe in November we can see that speculated target at $30k will be reached.
October 17, 2023, 06:37:13 PM
well buddy popping 28.5 is better than buddy popping 26.5.
today has been a fun day. I picked up.
1 s19pro 110th
1 s19xp 136th
1 s19xp 141th
1 s19. 96th
1s19. 96th.
total hash is 559th. mine moves to 4.2ph along with L7 and some gpus
burning about 210kwatts. very near max capacity.
but we are negotiating for a 500kwatt transformer so we can run 3 tesla super chargers.
If we get it we can do about 150kwatt of it for mining and still have the power for the chargers.
Ps took my dementia suffering bro-in-law to a doctor which makes the trip to the gear guy free. as he is six miles from my bro-in-law.
today has been a fun day. I picked up.
1 s19pro 110th
1 s19xp 136th
1 s19xp 141th
1 s19. 96th
1s19. 96th.
total hash is 559th. mine moves to 4.2ph along with L7 and some gpus
burning about 210kwatts. very near max capacity.
but we are negotiating for a 500kwatt transformer so we can run 3 tesla super chargers.
If we get it we can do about 150kwatt of it for mining and still have the power for the chargers.
Ps took my dementia suffering bro-in-law to a doctor which makes the trip to the gear guy free. as he is six miles from my bro-in-law.
Fire them up and let them run! Clear this dam mempool!
October 17, 2023, 06:18:58 PM
It's not yet time to go above $30,000, a suitable time to have coffee first on Wednesday morning, yesterday's news made enthusiasts including my friend to sell altcoins and buy bitcoins. the panorama has not been visited by rain yet it's time to penetrate the mountain to the bikini bottom.november rain to hight btc, right?
October 17, 2023, 06:01:16 PM
October 17, 2023, 05:32:55 PM
Holy shit, Hamza2424.
You know that a cycle is ONLY 4 years long?
Nooo.. But approximately that can be a dominant figure, it may vary according to the market developments. The figures may deviate from the last patterns, But to keep in short most people try to understand the concept of the Bitcoin market cycle from halving to halving but it's really challenging to predict the exact timeline as many factors may influence it.You know that a cycle is ONLY 4 years long?
And, sure maybe "we" could give you a wee bit of a benefit of a doubt and to suggest that you really meant two cycles.. this cycle and the next one, but that still ONLY gets you 8 years under the most generous of interpretations of your own words.
Ahh.. Well, thank you for the benefit of the doubt,. What I mean is at the end of the coming cycle maybe around 2028 to 2029. I cant be sure about the figures..Ok. I will bite.
That looks like 1.5 cycles.. but still your numbers going from where ever we might be to 30%.. .. and yeah if you really think that we are currently at 10% to 12% then your numbers might seem more reasonable. I am probbly not going to go there.. and by the way, if you think about what 10% to 12% means, then the world population has recently crossed over 8 billion, so you are suggesting that 800 million to 960 million are already directly/indirectly exposure to bitcoin .. .. seems a bit much... like 10x more than my estimates.. but hey maybe direct/indirect exposure depends on quantity of BTC measures.
Maybe in the last almost 15 years we have gone from zero to 1%.. and gosh are we being generous with even thinking that 1% of the world's population somehow has some exposure to bitcoin that would mean that bitcoin is a priority for them?..
I have my doubts, but it is not easy to measure bitcoin adoption.. but we could say that 1% of the worlds population is right around 80 million people... so in the next 4-8 years you are suggesting that bitcoin adoption is going to be 20x to 30x that number.. which, with the same quantity of world's population would be 1.6 billion to 2.4 billion.
You've said it on your own that it's really hard to figure out the efficient measures but I doubt that in your calculation the 1% is inadequate, as per the developments and the recognition level we can easily say around 10% to 12% of the population has exposure of the Bitcoin directly or indirectly and around 1/2 of this figure will have direct relations with Bitcoin. I have my doubts, but it is not easy to measure bitcoin adoption.. but we could say that 1% of the worlds population is right around 80 million people... so in the next 4-8 years you are suggesting that bitcoin adoption is going to be 20x to 30x that number.. which, with the same quantity of world's population would be 1.6 billion to 2.4 billion.
I would think that at least a certain quantity of BTC holdings would be necessary.. more than $10 worth?.. $10.. would be right around 0.003 BTC at today's prices, and maybe by 2028/2029 $10 worth of bitcoin might be anywhere between 0.0001 to 0.00001.. .that is $100k to $1million.
Yes.. indirect versus direct.. I don't really have a BIG problem with that, except maybe some of the doubt counting that could exist.. but I suppose if someone is supposedly holding BTC through a 3rd party, then that would be indirect exposure, versus holding their own keys.
For making future predictions, I'm basing my analysis on crisis levels. It appears that the magnitude of a crisis correlates with higher adoption rates. In recent times, the COVID-19 pandemic significantly accelerated market growth, leading to a substantial upswing in both recognition and adoption rates.
Ok... sure there could be some events that end up happening that spark recognition (aka awareness) and adoption of bitcoin... I still have trouble seeing how you get to 20% to 30%, but you did suggest that you are wanting another half of a cycle.. so you are requesting 1.5 cycles.. if starting from now.. rather than one cycle, .. and you don't necessarily need two cycles.. even though what you said was ambiguous enough to be able to potentially carry for two cycles... I am glad that you are not trying to get too greedy in your framing.
I think that you are referring to psychology, right?
Yeah.. A typo error, Most of the time I really take care of it, but sometimes especially when typing on a smartphone it's hard to deal with.so you are admitting that your fingers are fat?
A picture is worth 1000 words. Look at those shifting walls.
A large ask wall to keep the price down, shifting to a big bid wall to keep it from falling too low.
Manipulation at its finest.
A large ask wall to keep the price down, shifting to a big bid wall to keep it from falling too low.
Manipulation at its finest.
I am glad that one of "us" can understand those gobble-dee-gook lines.
These spikes are just noise/outliers... They need to be both long and wide to count.
$40k+ dominating a 5-min chart, then we're talking pump.
Okay, maybe even $35k+...
Maybe they aren’t going to send us to $100K yet, but these are some fairly large pumps that show somebody is buying bigtime right now and with a lot of funds. It isn’t easy to send the market into massive spikes like that and whoever is doing it likely believes the price will be headed much higher so they’re indiscriminately buying all they can. $40k+ dominating a 5-min chart, then we're talking pump.
Okay, maybe even $35k+...
Once again it looks like October is a positive month for bitcoin following some history from October year after year.
We are still ONLY a bit more than half way through.
Funny how peeps want to speculate that king daddy gives any shits about calendar months.
then in the beginning of the month..
"I told you so"
and then a few days ago
"look October is not positive as "they" said"
and then now
"look October is positive, as expected."
blah blah blahtm - Greta Thunberg
October 17, 2023, 05:10:09 PM
https://youtu.be/F_-ZuVy76yg
The future's in the air, I can feel it everywhere
I'm blowing with the wind of change
The future's in the air, I can feel it everywhere
I'm blowing with the wind of change
October 17, 2023, 05:05:47 PM
If you are planning in running a LN Node to make a profit or close to break even, then you are going to need more than 10BTC. You will need to be one of the top tier LN nodes (200+ BTC)
But muh decentralization. FFS, Blockstream.
October 17, 2023, 05:01:16 PM
October 17, 2023, 04:08:45 PM
Bitcoin is doing very well after yesterday's pump. I know that pump happed due to Coointelegraph's fake news but the pump really took Bitcoin to good levels and its price is being appreciated after that pump for sure. If a fake news related to ETFs can create such pumps then what would be the response of the investors if in actual those ETFs get approved. I expect huge pumps upon acceptance on ETFs and anyone who's holding their coins will actually won't believe that how intense those pumps will be.
October 17, 2023, 04:03:44 PM
October 17, 2023, 03:28:02 PM
well buddy popping 28.5 is better than buddy popping 26.5.
today has been a fun day. I picked up.
1 s19pro 110th
1 s19xp 136th
1 s19xp 141th
1 s19. 96th
1s19. 96th.
total hash is 559th. mine moves to 4.2ph along with L7 and some gpus
burning about 210kwatts. very near max capacity.
but we are negotiating for a 500kwatt transformer so we can run 3 tesla super chargers.
If we get it we can do about 150kwatt of it for mining and still have the power for the chargers.
Ps took my dementia suffering bro-in-law to a doctor which makes the trip to the gear guy free. as he is six miles from my bro-in-law.
today has been a fun day. I picked up.
1 s19pro 110th
1 s19xp 136th
1 s19xp 141th
1 s19. 96th
1s19. 96th.
total hash is 559th. mine moves to 4.2ph along with L7 and some gpus
burning about 210kwatts. very near max capacity.
but we are negotiating for a 500kwatt transformer so we can run 3 tesla super chargers.
If we get it we can do about 150kwatt of it for mining and still have the power for the chargers.
Ps took my dementia suffering bro-in-law to a doctor which makes the trip to the gear guy free. as he is six miles from my bro-in-law.
October 17, 2023, 03:03:23 PM
October 17, 2023, 02:42:08 PM
Bitcoin is NOT going up.
Everything else is going down.
Few.
https://x.com/luke_broyles/status/1714338611351429498
Everything else is going down.
Few.
https://x.com/luke_broyles/status/1714338611351429498
Going Down where .. 
October 17, 2023, 02:38:47 PM
Bitcoin is NOT going up.
Everything else is going down.
Few.
https://x.com/luke_broyles/status/1714338611351429498
Everything else is going down.
Few.
https://x.com/luke_broyles/status/1714338611351429498
October 17, 2023, 02:18:40 PM
@hisslyness:
Kudos for your LN work. It's so good to see Bitcoiners who are in it for the tech, and not only for the raw profits. Keep it up.
+10 WOsMerits.
Kudos for your LN work. It's so good to see Bitcoiners who are in it for the tech, and not only for the raw profits. Keep it up.
+10 WOsMerits.
October 17, 2023, 02:03:23 PM
October 17, 2023, 01:36:21 PM
Dammit mempool, you WIN!!!!
After 6 months of waiting for the mempool to empty, so i can open new LN Channels at 1sat/vbyte and have the last 3 pending channels confirmed (opened 6months ago).
I have given up! Will start opening at 3 or 4SATs/vbyte to make sure i have some sort of priority!
Have a few idled BTC to throw at this LN Node!.. Goal is 1,000,000,000SAT LN Node (10BTC) currently at 656,625,638 sat
EDIT: Transaction Confirmed!... 4 Confirmations already!..
EDIT: Also will be trying RBF for the first time, to push those unconfirmed TX... Let's see how that goes...
After 6 months of waiting for the mempool to empty, so i can open new LN Channels at 1sat/vbyte and have the last 3 pending channels confirmed (opened 6months ago).
I have given up! Will start opening at 3 or 4SATs/vbyte to make sure i have some sort of priority!
Have a few idled BTC to throw at this LN Node!.. Goal is 1,000,000,000SAT LN Node (10BTC) currently at 656,625,638 sat
EDIT: Transaction Confirmed!... 4 Confirmations already!..
EDIT: Also will be trying RBF for the first time, to push those unconfirmed TX... Let's see how that goes...
Please keep us informed. I want to know what 2 - 5 frozen btc will earn you monthly.
Even if it is 1 or 10 btc frozen in the node.I am trying to figure the practically to LN from the viewpoint of the staker of the node.
We got some info on a 17btc node a week or so ago. frankly the earnings on 17 btc tied up were very low.
If you are planning in running a LN Node to make a profit or close to break even, then you are going to need more than 10BTC. You will need to be one of the top tier LN nodes (200+ BTC)
This will be my third year with this LN Node and i can assure you i am way behind in terms of cost, but i am way in front, in terms of knowledge/understanding and access to new technology within the Bitcoin ecosystem.
I also have the opportunity to try new features and see how they work in a real world scenario and to me that is my profit.
I knew early in the game this wasn't going to be a way to earn any substantial amounts of Bitcoin and was happy to let it run and commit anywhere from 1-10BTC as needed.
It's now way too tedious to try and work out all the cost involved in opening and closing channels, especially when you have to force close it get very expensive and currently 323 closed channels. To review each one of those and work out the fees paid is job for another day. Maybe when I got a spare weekend.
But based on overall Routing Fee divided by Total Bitcoins in play, i am at about 0.00605% per year, which doesn't cover the cost of electricity to power the box!
I found a report from River Financial, they have about 360BTC across 2 nodes and earned roughly 0.3 BTC per month or 0.08% per month / 0.99% a year in routing fees.
https://river.com/learn/files/river-lightning-report-2023.pdf
Now, I've got a bone to pick with you....
The one thing i know we don't see eye to eye on, is, the fact you think Lightning Network is Staking.
This nothing close to the bullshit staking/bridges and wrapped shit everyone is so familiar with.
At all times i am still in control of my portion of Bitcoins within the LN Channel.
At anytime i can close/settle my channel, on-chain, using proof of work and have every single sat returned to my on-chain wallet without asking for permission.
No third party can ever rug pull or keep my bitcoin locked up! i can send and received as often as i want.
I don't see this as staking but a true Bitcoin Layer 2 Scaling Solution and i am not here to convince you otherwise, i just wanted to make a point that is a more than Staking ETH on a Polkadot or Burger Chain!
...... and i am also partly blaming you for the mempool backlog!
to call it hodling is wrong
to call it staking is wrong
StaHodLning it is
staking+hodling+LNing or Sta-Hod-Ln-ing
new coined right here.
hisslyness is a StaHodLning man 👨 named be me for you
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