November Routing Stats
Number of Transaction: 7,298
Total Amount Routed: 1,042,341,115 Sats (10.42BTC)
Total Fees Collected: 25,094 Sats
Channel Opening Cost: Lots
Channel Closing Cost: Too Much!!! (one forced close cost me about 38,000 Sats)
I don't run a lightning node, as many here may know, but I have a couple of lighting network wallets that claim to be almost like running a mini-node in a kind of supposed self-custodial sense. Breez and Phoenix.
Yesterday,
I posted about my forced channel closing in Breez in another thread.. and still so far I have not received any responses to my questions of the matter, and it cost me about 42,245 satoshis in terms of the channel closing and then also being required to move the funds back to another BTC address that I control.
Still not profitable (again, this was never meant to be a way to accumulate more Bitcoins), still more to do, still need to weed out some channels that are stagnant, but very hard to do anything with mempool being this congested! Well not hard, just expensive!
Do we have to rely upon the benevolence (and perhaps curiosity?) of LN node operators to keep lighting network going? Surely some of them must either be profitable and/or expecting future profits, and surely if the whole process is a lot of work, it seems that the curiosity will wear off after a while and would benevolence be enough to keep the system going.. or alternatively does the profits of other nodes (or the potential for future profits) keep enough LN node operators motivated to keep their nodes running?
Once it reaches 50K, all the grandmas and taxi drivers fomo in, then one sells.
Then when it dumps back to 40K, one buys those coins back.
Not rocket science.
I will still be Hodling at 50k.
CC: JayJuanGee
Why do I get a mention?
I am thinking that $50k to $55k is a current kind of point of resistance, just as I had thought that $35k was our previous point of resistance.... which obviously ended up breaking to the upside without a whole hell of a lot of actual resistance unless we call $27k to $44,729(so far) a kind of upwards crawl.. but even with the upwards crawl, there has not really been much if any pull back to write home about.. maybe we had 8% at most so far in any of the ongoing and onward crawlenings to the UPpity?
Yet, surely I am just winging it... and sometimes wondering too in regards to how long the upward crawl will last, and surely there are quite a few folks expecting some kind of meaningful correction of 20% or more.. but still 20% or more is not a condition that has to happen.. even though surely if we start getting into no man's land (which I consider to currently be between $55k and $85k) and if we don't have some kind of a meaningful correction by then, then you are going to start to hear me starting to whine about the instability of such ongoing UPpity... that "needs" a correction.
By the way, my own system of the selling on the way up presumes "worse case scenario" that there is no correction and the price just keeps going up.. so that means that fiat keeps building up and there had been no opportunity to buy back, so even assuming that we go straight up to $500k, my own situation would result in a lot of fiat stacked up, but it still would be a BIG ASS WHOOPTIE-DOO because it is still less than 10% for every 100% that the price goes up, so the overall value of the portfolio would compound upon itself so many times between here ($44k) and $500k (or whatever) that there are still plenty of BTC in the BTC portfolio, and surely I could show it to you on a chart if you would like to see it.. or just go back and look at
the two HypoPhil charts for some ideas in regards to how the UPpity without correction scenarios would likely end up playing out. Those two hypophil situations show starting out with 10 BTC and 5BTC respectively and show how straight up to $11 million per BTC would play out.. with a cashing out rate of 5% of the BTC stash every time the BTC price went up 50%.
CC: JayJuanGee
You're really in a hurry to rank whatever # account this is for you up to Hero aren't you
utterly shameless
putting you back on ignore
Oh? that was the reason? Who would-a-thunk?
utterly shameless
putting you back on ignore
But I wait,
4 years 5 months 13 days.But Not achieved
Sr.member .
But why @nutildah Why???
WO guys no love for me...
Can anyone top this particular level of shameless?
Anyone?
Anyone?
