Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5298. (Read 26710273 times)

This is probably because it is a non-amount invoice and your wallet does not support it, OR because the invoice was already used.

What wallets are you using?

The UX in lightning is going to have to IMPROVE VERY QUICKLY.

Are we sure that was a crash?  It CANNOT be pure coincidence that the driver spelled out the total emission of DOGE with his tires in that second picture!

(edit ah saw I was not first to see this lol)

This means the lightning network absolutely HAS to work.

This is the moment of truth.

I think very few realize how absolutely important this fact is

This is the reason I have been doing what I have been doing since it came up... I had the 177th node on the network (I just retired it.. too hard to freaking maintain).  I cannot code, but I have been testing and learning.
I honestly wonder how much use it is currently getting.

The other ugly truth is MOST of the transactions that are happening in BTC are happening OFF THE CHAIN.

This is hard for me to explain, but it just hit me, on a new level, how incredibly important this is.

As people opt in to Bitcoin and want to get exposure to the asset they are doing this through custodians.  It is very rare that even the members of this forum really take responsibility for their coins.  When I first started using Bitcoin to play poker I would never leave my coins on the poker site even.  And the ONLY reason an exchange EVER touched any of my coins was for trading.

When you but bitcoin on ____________ there is no transaction on the chain (unless it's Bisq)  And may traders buy and sell tons without ever really leaving the exchange.

I am just babbling.  I will stop.  But it's time for the decentralized transaction layers to start to rev their engines...

Wow... here we go.

Explanation

Tactically, we are about to enter the bitcoin season.
If @Wekkel is right and we do briefly go to about 15K in btc, this would mean that alts would lose 80-90% or even more.
I raised quite a bit of cash from alts in the last mo...ready to deploy to btc.
Right now-it is all house money. My initial $$ allocation to bitcoin is paid for, but no large purchases of real estate, gold, etc yet.

My btc projection number is higher than Wekkel's-I don't expect us to go lower than 19-20K (they might try to push it below prior ATH for giggles).
If this is still to be considered a bull market, a trip close to 200wk average of 13K is a no-no under normal (non emergency) circumstances.
I am not sure if we are still in a bull or bear-a coin toss.
This market cycle was characterized by two front-running (that were ahead of S2F) waves of 2019 and 2020-2021 .
Maybe they are now front-running the bear earlier than expected.

TL;DR A coin toss between a bull and a bear; raised funds from alts, ready to deploy to bitcoin (at least 90%) when I am ready. If current bear reverses back to bull soonish, then I will ladder to the upside faster.

well to be fair he has another 24 hours or so for btc to drop from ~35k to ~1k as that post was on 21 june. thats if im reading that post right..

and in that case he would lose the dudes game though, so theres that.

Just another salty forker/big blocker

sgbett prediction from 1 year ago:

https://bitcointalksearch.org/topic/m.54661336

 

@woonomic
Oh my, Rick Astley is back. Coins are moving back to the HODLer who never deserts his BTC.

https://twitter.com/woonomic/status/1406663952860278784?s=21


@woonomic
The previous chart was a 30 day sum of coin movements.

Here's the 7 day view showing greater granularity.

We can see how the mass of coins dumped out to speculative hands are being re-accumulated by strong hands in a pattern similar to the COVID recovery (8 weeks to recover).

https://twitter.com/woonomic/status/1406663959948578821?s=21


@woonomic

So who is selling?

Whales aren't selling.
Sharks aren't selling.
Dolphins aren't selling.

Big holders are holding.


https://twitter.com/woonomic/status/1406663968035246082?s=21


@woonomic
Octopussies and fishies are stacking this dip.

https://twitter.com/woonomic/status/1406663974624530439?s=21


@woonomic
Crabs are stacking as hard as their little shells will let them.

https://twitter.com/woonomic/status/1406663982576848898?s=21


@woonomic
Shrimps are taking their lead and stacking like there's no tomorrow, especially in the latest dip.

https://twitter.com/woonomic/status/1406663989644337156?s=21


@woonomic
User growth as strong as ever on the network.

https://twitter.com/woonomic/status/1406663996355190790?s=21


@woonomic
So yeah, it's definitely a bear market folks.

🙄←sarcasm

We should all panic sell because traders tell us there's two moving averages that just crossed and they carry the name "death" in it. Sounds so scary. 😱
https://twitter.com/woonomic/status/1406663998972469248?s=21

Explanation

If it's the state, it's called taxes instead of bribes.

His best case scenario is $450k. Let's meet the middle $200-$300k.

Their actions in that propaganda SCMP video ending with Bitcoin miners in handcuffs remind me of the old days when China tried to impress the west (increasing their WTO rating) by destroying massive amounts of copy DVDs with road rollers. Sure, it looked impressive, but still not that much considering total total amount of pirated DVD.



The question is; are they acting once again under diplomatic pressure to improve US relations?

Helmuth Johnson

To be honest, many people don't regard El Salvador et al as a real country.

Don't be so depressed.   


I am sure sgbett is a real good guy way deep down on the inside... Of course, you have to go real deep to get passed the vast majority of dweebedness parts.




Wow... "worst case scenario" is pretty damned BIG... especially for a supposed "scientist."

Explanation

the 2017 runup was pretty crazy, easily the craziest time ive seen in it as far as price only go up mode FOMO. perhaps miners ran more on momentum and hopium and tolerated losing profit or even mining at a slight loss for a time in hopes of it bouncing back fairly quickly. i mean how long can you hold out running on fumes i guess (i have done that and its occasionally paid off extremely well long term).

also was there any new gears shipping in that 2018 timeline? wondering if its harder to shut down a shiny new expensive asic than an older one even if they both lose money lol. but man i would hate to completely turn off some expensive latest model gears. but logically you should just shut down, sunk cost be damned i suppose.

Explanation