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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7497. (Read 26586524 times)

legendary
Activity: 3374
Merit: 4738
diamond-handed zealot


Current recommended fee - 158 sat/byte
It’s butthurt miners absolutely fuming at the block reward halving so they’re prioritising high fee transactions to try & make some money back. People are paying higher & higher fees to try & get a quick confirmation.

Edit - mempool is massive

this is precisely how markets work, and saving us from chain freeze
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Bitcoin tx fees are spiking... hopefully the miners aren't trying to artificially lift the fees again.   Roll Eyes

We really need more competition in Bitcoin mining.
"From April 11 until May 14, Bitcoin (BTC) transaction fees increased by more than 1,250% from $0.38 to $5.16.
While Bitcoin transaction fees have since fallen by 33.3% to sit at roughly $3.44 as of this writing, fees have increased by 36.5% since the block reward halving on May 11.
The average cost of executing transactions on the Bitcoin network has increased by more than 800% in just one month, with May posting the highest transaction fees since July 2019 so far.
Fees are up by more than one-third since the halving, which precipitated an increase in transaction costs of 105% over three days."

source: https://cointelegraph.com/news/bitcoin-transaction-fees-are-up-800-in-one-month

I remember before the halving paying the $0.38 to send over 0.08btc. It was a super fast send too receiving it within 5 minutes!
Just now sent 0.0579btc with a 0.000616btc miners fee $5.96 at preev rate and confidence rating is under 29% for the transaction which I sent 33 minutes ago. Not one confirmation yet.
And if it just like before the weekend when price of BTC was surging nearer to $10k price, where everyone and their grandmothers are trying to send their bitcoin to their exchange wallets Cheesy, then I wont expect it to confirm with 3 hours from now. Where the send I did on friday had a over 94% confidence rating but still took over 3 hours to get 1 confirmation on the blockchain. Embarrassed

Current recommended fee - 158 sat/byte
It’s butthurt miners absolutely fuming at the block reward halving so they’re prioritising high fee transactions to try & make some money back. People are paying higher & higher fees to try & get a quick confirmation.

Edit - mempool is massive.
48,004 unconfirmed transactions, I’ve seen a lot more though during the spam attacks a few years ago.
legendary
Activity: 3766
Merit: 5380

J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.
She just wants to know how the technology works then make her own coin called Just Rowling in it! Cheesy
Her reaction was to call everyone who was into crypto weirdos(creepy) and nerdy (collectibles?) essentially with her response.
But in her defense she was drunk on her forth glass of whiskey. Wink
https://fortune.com/2020/05/18/jk-rowling-tweet-bitcoin-elon-musk-crypto-twitter-old-fashioned

https://twitter.com/jk_rowling/status/1261400703639203841

So at this point, dont bother. If Elon or Vitalik couldn't persuade her then maybe Tone Vays can.. for a price. Cheesy


Maybe someone should ask her to apologize to the public for that complete disaster of a movie called "The Crimes of Grindelwald". A crime against humanity is more like it!
legendary
Activity: 2464
Merit: 1145
A truly bizarre virus it hops from place to place.
If this continues, election want be necessary.





This probably correlates with an average March-April temperature if anything else.
March is warm in TX (and in FL, AZ, etc) already and it is known that temp affects R naught negatively. LA might be an outlier from the trend.
Just a thought.

Show me population densities. Apples to oranges

IL pop density 230 people per sq mile, 7433 cases/mil
FL pop density 334 people per sq mile, 2123 cases/mil
Therefore, population density does not seem to be a cause at least in this pairwise comparison.
Also, I would imagine that Los Angeles or San Fran has an exact same pop density to NYC with much less cases in Los Angeles and San Fran.

BTW, btc is not correlating with the stock market today, with stocks being silly again.

How is the actualy distribution of the population in the states?

I would think hotspots would be much likely big cities with international airports and tourism, i.e. new york city.


The stock pump today was very likely based on the vaccine news imo.
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
Bitcoin tx fees are spiking... hopefully the miners aren't trying to artificially lift the fees again.   Roll Eyes

We really need more competition in Bitcoin mining.
"From April 11 until May 14, Bitcoin (BTC) transaction fees increased by more than 1,250% from $0.38 to $5.16.
While Bitcoin transaction fees have since fallen by 33.3% to sit at roughly $3.44 as of this writing, fees have increased by 36.5% since the block reward halving on May 11.
The average cost of executing transactions on the Bitcoin network has increased by more than 800% in just one month, with May posting the highest transaction fees since July 2019 so far.
Fees are up by more than one-third since the halving, which precipitated an increase in transaction costs of 105% over three days."

source: https://cointelegraph.com/news/bitcoin-transaction-fees-are-up-800-in-one-month

I remember before the halving paying the $0.38 to send over 0.08btc. It was a super fast send too receiving it within 5 minutes!
Just now sent 0.0579btc with a 0.000616btc miners fee $5.96 at preev rate and confidence rating is under 29% for the transaction which I sent 33 minutes ago. Not one confirmation yet.
And if it just like before the weekend when price of BTC was surging nearer to $10k price, where everyone and their grandmothers are trying to send their bitcoin to their exchange wallets Cheesy, then I wont expect it to confirm with 3 hours from now. Where the send I did on friday had a over 94% confidence rating but still took over 3 hours to get 1 confirmation on the blockchain. Embarrassed
legendary
Activity: 4018
Merit: 1250
Owner at AltQuick.com
Bitcoin tx fees are spiking... hopefully the miners aren't trying to artificially lift the fees again.   Roll Eyes

We really need more competition in Bitcoin mining.
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
the fed and stockmarket run on hopium, and how long that that lie last? but i see your point, they will do anything to keep the stock market going as pretty much everything in the usa rides on the stock market.

bitcoin may fall along with stocks to a point but in my case when i suddenly need a largish amount fiat for whatever reason (pandemic? yeah right what are the odds of that... oh wait..) i tend to sell off my different classes of stuff (not sure what to call "classes" as i am not a financial guy, i pay people for that) equally if at all possible.

but wtf do i know all i can say for certainty is bitcoin has been very kind to me.

Are you suggesting that sometimes you will try to follow Gresham's law, vapourminer, meaning that you speculate that bitcoin is the more sound of the monies, and you tend to consider whether to sell other kinds of monies / assets before selling any of your bitcoin?

I understand that if you are already more appreciated in bitcoin, and bitcoin ends up comprising way more of the value of your various assets, then you might end up shaving off some bitcoin rather than selling some of the less valuable monies/assets, because largely you are somewhat over-allocated in bitcoin relative to the other assets/monies because bitcoin has gone way up in its value compared with the other assets.

i definitely consider bitcoin more sound than fiat, and that viewpoint has really been driven home as of late. but i really just do my own thing financially. which may not be smart but has served well enough.

basically if i need x amount of fiat money i will simply divide by n, n being the "classes" in my mind. those classes in my mind dont really correlate with traditional categories and have changed over time as i learn more about it or simply adjust based on past and what i consider potential future returns.

now bitcoin has been by far the best performing class and that means that means if im pulling say 10k USD from the bitcoin "class" its generally taken less bitcoin each time as i try to have enough fiat reserve to ride out the smaller dips and downtrends (a couple years worth of fiat have worked out) and be able to (more or less) pick decent point to sell. i do that by setting goals with laddered sell prices on the exchanges. but i also have to pick a certain date (several actually, like say a 1 month period divided into four one week periods). at each point if i havent made the price i want i still sell (in this example) 1/4th of my fiat goal, so 2500 USD , whatever that happens to be in corn at that time. this way i dont get stuck at the end if the price of corn has just gone down during that cashout period. basically i have DCAd my way out.

now this selling of bitcoin is mainly a habit from getting in this in 2011 when the possibility of bitcoin failing was much higher and i am a creature of habit and limited learning capacity so i do what has worked in the past with the least risk to my overall financial ability.

if any of that makes sense. which i certainly dont expect it to for others as i am not known for making sense or following best practices.

---

so i guess to me, buying corn is the 1st class of asset that i top off when i get the chance. thats the main point and far more important. selling wise i have to treat corn just like any other asset. in my mind thats just the way i do it. bitcoin is both a investment and a tool to meet goals. i use it like any other tool. but it is the best tool ive ever seen.
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
https://bitcointalk.org/index.php?topic=5246331.40
Then why didnt he just call his creation bsv harry potter coin?

He is a wizard because no one can conjure up this kind of stuff if he wasn't. Roll Eyes
Cause it's Magiccccc! Grin

J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.
She just wants to know how the technology works then make her own coin called Just Rowling in it! Cheesy
Her reaction was to call everyone who was into crypto weirdos(creepy) and nerdy (collectibles?) essentially with her response.
But in her defense she was drunk on her forth glass of whiskey. Wink
https://fortune.com/2020/05/18/jk-rowling-tweet-bitcoin-elon-musk-crypto-twitter-old-fashioned

https://twitter.com/jk_rowling/status/1261400703639203841

So at this point, dont bother. If Elon or Vitalik couldn't persuade her then maybe Tone Vays can.. for a price. Cheesy
legendary
Activity: 3892
Merit: 4331
A truly bizarre virus it hops from place to place.
If this continues, election want be necessary.





This probably correlates with an average March-April temperature if anything else.
March is warm in TX (and in FL, AZ, etc) already and it is known that temp affects R naught negatively. LA might be an outlier from the trend.
Just a thought.

Show me population densities. Apples to oranges

IL pop density 230 people per sq mile, 7433 cases/mil
FL pop density 334 people per sq mile, 2123 cases/mil
Therefore, population density does not seem to be a cause at least in this pairwise comparison.
Also, I would imagine that Los Angeles or San Fran has an exact same pop density to NYC with much less cases in Los Angeles and San Fran.

BTW, btc is not correlating with the stock market today, with stocks being silly again.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
A truly bizarre virus it hops from place to place.
If this continues, election want be necessary.





This probably correlates with an average March-April temperature if anything else.
March is warm in TX (and in FL, AZ, etc) already and it is known that temp affects R naught negatively. LA might be an outlier from the trend.
Just a thought.

Show me population densities. Apples to oranges
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
legendary
Activity: 2702
Merit: 2053
Free spirit
J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.

I know she never returned your Harry Potter lunch box, let alone signed it, but she's a busy woman. You're bigger than this.

Well OK but he at least deserved his cheese and onion sandwich cut into the shape of a wizard back. And the photos of his man wand.
legendary
Activity: 3892
Merit: 4331
A truly bizarre virus it hops from place to place.
If this continues, election want be necessary.





This probably correlates with an average March-April temperature if anything else.
March is warm in TX (and in FL, AZ, etc) already and it is known that temp affects R naught negatively. LA might be an outlier from the trend.
Just a thought.
legendary
Activity: 2268
Merit: 1278
Negative interest has just been instituted in danish banks.
What interest are we talking about here? they have been doing negative mortgages since august 2019:
https://www.theguardian.com/money/2019/aug/13/danish-bank-launches-worlds-first-negative-interest-rate-mortgage
It didn't say how much the minus interest would be, just "negative". It applies to amounts over $36325 in the case of the bank my parents use (assuming they have a "nemkonto", a specific danish instrument that would be of no interest to elaborate on (and otherwise to any amount)).
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.

I know she never returned your Harry Potter lunch box, let alone signed it, but she's a busy woman. You're bigger than this.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
J.K. Rowling is starting to piss me off on Twitter now, begging for attention. Nobody cares if you don’t want to invest in bitcoin, we don’t need your worthless fiat to moon, silly old boomer cunt.
hero member
Activity: 1190
Merit: 755
Homo Sapiens Bitcoinerthalensis
Yeah, like the last "accidental" freeze on 12th March, when the shorter manipulators weren't allow to take profits.

More like a kill switch, followed right after the rekt button, but I'm pretty sure someone took profits.


The day Bitmex is closed will be the best day ever for Bitcoin.

True dat, but unfortunately for the time being, I feel that there will always be, a Bitmex type of exchange.



I don't want to "imagine."  Makes me feel disconnected.   Tongue Tongue

Wow JJJJJJJ.
I confirm your admission.

Great update btw. Grin
legendary
Activity: 1652
Merit: 4393
Be a bank
Yeah I can't muster a care either. They are pretty tiny.
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