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181  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 19, 2024, 12:49:49 AM
Alright. Every listed exchange is back in the top 10.

The last 2021 bumped down to #10. Tomorrow we bump it down again.

Go Bitcoin Go.
182  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 19, 2024, 12:07:25 AM
Being US citizen is a fucking mess when you are REALLY wealthy and 'global' citizen. You don't choose where you are born, but the (VERY agressive) tax system has nothing to envy of the communists countries...

Gotta support that military/industrial complex.

Real patriots are happy to fork over their money.  Cool
183  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2024, 06:56:40 PM
The halving draws near,
With Bitcoin's price on the rise,
Moon-bound, stars align.


There. Now it's a haiku.  Cool
184  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 18, 2024, 04:09:20 PM
I tried to narrow things down, is this a side scoller JimboToronto?

Yes unfortunately.
185  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2024, 03:13:56 PM
Good morning Bitcoinland.

Ugh. No Monday upsurge. Wrong direction.

Is the ETF-based buying spree done? Sideways is boring.

I should look into an accountant - I hear they can generally find some deductions/tax breaks I'm missing out on.  I don't have to worry about the current tax filing since I didn't sell anything but I want to be prepared.  Thanks JimboT!

Thanks for the excellent summary, DirtyK Smiley  I had heard of Koinly but hadn't checked it out yet - nice to know someone who has used it!

 Nice to know there are other options that have been around for a while.  Thanks vapourminer.  I'll check it out.

You didn't say which jurisdiction you are in.

I assumed you live in Ontario due to advice you gave me several years ago about a lake in the Orillia region.

Are you multi-jurisdictional? I know if you're a USA citizen they'll chase you all over the world for taxes. Does that apply to dual citizenship?
186  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2024, 03:26:35 AM
What tools do you guys use for figuring out your tax obligations?

edit: for your bitcoin transactions I mean

My accountant.

Capital gains are capital gains, whether Bitcoin or otherwise.

Edit: My accountant is not a tool. Actually, he's a nice guy. Pisses some people off though... bit of an attitude.
187  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2024, 12:55:54 AM
Got so many calls,
From old friends who ignored me,
Asking how it's done.

"Google it" I say.
"Google what?" I hear some cry...
"Click here" I reply!

#pleasemakeitstophaiku

hyperlinks are like hiding extra syllables in another dimension or something. is that even legal?

lol cheat

Grin

All is legal in love, war and Bitcoin.
188  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 18, 2024, 12:32:58 AM
Yuck. Down again.

At least 12 of the top 13 (USD) are from this year.

Tomorrow should be much better.
189  Economy / Speculation / Re: Will BTC go back to $40K - $30K range before a bigger rally? on: March 18, 2024, 12:15:01 AM
$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.
190  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2024, 11:34:18 PM
It's Haiku Sunday
And the price came right back up
After yesterday.

So now we're waiting
Patiently for tomorrow
And Monday's rally.

Even if we don't
Get another all time high,
Maybe we'll be close.

If we're not that close,
Maybe reach the seventies.
That's not much to ask.
191  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2024, 05:35:11 PM
Improved? Sounds like a lot of unnecessary steps when simply sweeping the private key into a wallet (I usually use Mycelium) and then putting the leftovers into new addresses is so much simpler and faster.

Why complicate things?

It's a safer method. Your PC could have been hacked and, thereby, your Mycelium could have been affected.
How often this happens-maybe infrequently, but the internet is filled with stories of hacked accounts, albeit these stories are mostly on a s-tcoin side where they have "contracts" to worry about; bitcoin (so far) has been much more straightforward.

I have Mycelium on an Android device that has never been rooted so the chances of it having been hacked are pretty slim. Also I try to never leave anything in Mycelium for longer than it take for one confirmation.

I don't really trust any wallet.
192  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2024, 04:44:10 PM
You don't need a wallet to generate addresses. I generate mine offline on a computer that cannot be connected to the internet (no wifi, no network cable). I print co-called paper "wallets" on a printer that has never had internet access.
~
When I sweep an address into a wallet program, I transfer the bitcoins as quickly as possible to the intended recipient and then put the remainder back into secure cold storage.
I think your sweeping system can be improved: instead of doing it "as quickly as possible", why don't you sign offline? There's no need to expose the private key to an online system (other than for convenience for small daily expenses).

I'm thinking of this (and you already have the offline computer so you can skip some of the steps):
Online:
Install Electrum on your PC.
Import your address to create a watch-only wallet.
Preview the transaction, Copy the unsigned transaction. Put it on a USB stick.

Offline and running without hard drive storage:
Get a Linux LIVE DVD. Use Knoppix or Tails for instance, or any other distribution that comes with Electrum pre-installed.
Unplug your internet cable. Close the curtains. Reboot your computer and start up from that DVD. Don't enter any wireless connection password. Keep it offline.
Start Electrum. Import your private key.
Copy your unsigned transaction from the USB stick, load it into Electrum.
CHECK the transaction in Electrum. Check the fees, check the amount, check all destination addresses (character by character).
If all is okay, sign the transaction. Copy it back to your USB stick.
Turn off the computer. That wipes the Live LINUX from memory and all traces are gone.

Online:
Use your normal online Electrum to (check again and) broadcast the transaction.


Improved? Sounds like a lot of unnecessary steps when simply sweeping the private key into a wallet (I usually use Mycelium) and then putting the leftovers into new addresses is so much simpler and faster.

Why complicate things?
193  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2024, 05:10:20 AM
It's fun to see the bears come out on the weekend and try to be cute only to go back in hiding come Monday. Pathetic.



At six oclock Monday morning their mommies and daddies will send them straight to bed bankruptcy because they're foolish little teddy bears.   Cheesy

https://www.youtube.com/watch?v=dZANKFxrcKU
194  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2024, 01:54:50 AM
You keep Bitcoin in a wallet?

I prefer cold storage addresses. Safer.
I thought they were all called wallet
Both Hot and cold.
Planning on getting one though
But considering the idle fund, not to mention not currently in my home base residence that I can feel better hiding it.  
Heard its easier to hold with cold wallet since its time consuming to move your coin to a hot wallet  

If you understand what dual-key cryptography is, an address consists of a public key and a private key. You don't need a wallet to generate addresses. I generate mine offline on a computer that cannot be connected to the internet (no wifi, no network cable). I print co-called paper "wallets" on a printer that has never had internet access. Printer spool buffers can be hacked. I use paper "wallets" for the convenience of scannable QR codes. I keep my bitcoins in as many addresses as is practical. Some of my older addresses contained 10 or 20 coins so I split  them up into many smaller addresses. I never expose my addresses to the internet until I sweep their contents to a wallet program for redistribution.

Wallets on the other hand are Bitcoin handling programs which may or may not be associated with a hardware device. Wallet programs generate addresses and allow transfers to and from other wallet programs via the internet or QR scanning. They are usually secure but are still vulnerable to hackers and you must trust the makers of the hardware. See below. Open source wallet programs are a prerequisite. Wallet programs are convenient because of needing to keep track of many (possibly hundreds) of keys, you can just use a single passphrase.

When I acquire Bitcoin, I try to do so straight to one of the addresses I generated myself, via the public key. If you don't expose the private key, your bitcoins are safe. No need for a wallet program. When I sweep an address into a wallet program, I transfer the bitcoins as quickly as possible to the intended recipient and then put the remainder back into secure cold storage.


When Jimbo refers to "cold storage address" he is referring to kinds of paperwallets, and many of us likely don't even know how to do paper wallets, and perhaps that makes them more secure, even though there have been some suggestions that some paperwallets had issues in terms of the way their keys were generated - but maybe they are also less vulnerable if there is ONLY a certain amount of value in each paper wallet, so it might be doubtful if they all might end up being compromised at one time, if any of them might have had been vulnerable to the ways their keys had been generated.

Similar with hardware wallets. They can have some vulnerabilities in key generation but also in terms of the way they interact with servers and even questions of back doors - though it is thought that the more open source they are then the less likely for trickery in terms of the code being run... I am surely not going to claim to be an expert or even to know about all of the various tradeoffs in terms of how much value might be held in certain ways in order to trigger different practices, because some kinds of solutions might take some time to learn and also to figure out that they might not be as great as they appear to be, which I think is the case with the new device (named Bitkey) launched by Block.. which is likely going to be very popular, yet it does not seem to be a device that is really facilitating self-sovereignty so I cannot be sure if it is worse to lead the masses in a kind of deception about their own level of self-sovereignty through such a device that is likely to be popular.

This is why I use secure cold storage addresses generated offline as I described above.
195  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2024, 12:40:18 AM
Saylor strategy about Bitcoin is working fine. He has 193,000 Bitcoins bought at 6 billion usd and his current holdings has value of 13 Billion. So as long as his strategy is working, he doesn't have to worry at all.

Saylor's strategy?

It's what many of us have been preaching for years:

Buy, hodl, don't sell unless you must, get rich in the long run.

Easy peasy.
196  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 17, 2024, 12:29:00 AM
| Rank  BitStamp   USD/BTC   | Rank  Kraken  GBP/BTC | Rank  Kraken   EUR/BTC | Rank  Kraken   CAD/BTC  | Rank  Kraken     JPY/BTC  |
|   1  2024-03-13  72901 | | | 1  2024-03-13  66641 | 1  2024-03-13  57001 | | 1  2024-03-13  98050 | | 1  2024-03-13  10738120 |
|   2  2024-03-11  71360 | | | 2  2024-03-14  65435 | 2  2024-03-14  55852 | | 2  2024-03-14  96720 | | 2  2024-03-14  10582701 |
|   3  2024-03-14  71280 | | | 3  2024-03-11  65423 | 3  2024-03-12  55768 | | 3  2024-03-12  96377 | | 3  2024-03-12  10556754 |
|   4  2024-03-12  71275 | | | 4  2024-03-12  65277 | 4  2024-03-11  55733 | | 4  2024-03-11  95979 | | 4  2024-03-11  10488132 |
|   5  2024-03-10  69255 | | | 5  2024-03-10  63411 | 5  2024-03-10  53899 | | 5  2024-03-10  92606 | | 5  2024-03-15  10147103 |
|   6  2024-03-09  68393 | | | 6  2024-03-15  62659 | 6  2024-03-15  53347 | | 6  2024-03-15  92208 | | 6  2024-03-10  10085309 |
|   7  2024-03-15  68271 | | | 7  2024-03-09  62525 | 7  2024-03-16  53280 | | 7  2024-03-09  91934 | | 7  2024-03-08  10022776 |
|   8  2024-03-08  68221 | | | 8  2024-03-08  62248 | 8  2024-03-09  53177 | | 8  2024-03-08  91752 | | 8  2024-03-09  10008717 |
|   9  2021-11-09  67483 | | | 9  2024-03-16  61916 | 9  2024-03-08  52869 | | 9  2024-03-16  91011 | | 9  2024-03-04   9938619 |
|  10  2024-03-16  67308 | | | 10  2024-03-07  61547 | 10  2024-03-07  52566 | | 10  2024-03-07  90429 | | 10  2024-03-07   9919719 |
|  11  2024-03-07  67191 | | | 11  2024-03-06  60977 | 11  2024-03-06  52191 | | 11  2024-03-06  89559 | | 11  2024-03-05   9912807 |
|  12  2024-03-06  66315 | | | 12  2024-03-04  60680 | 12  2024-03-04  52044 | | 12  2024-03-04  88890 | | 12  2024-03-06   9827253 |

Yuck. 2021 still hanging in.

Thanks for taking my tip regarding the currency names. Sideways scrolling sucks.

Keep up the good work.
197  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 17, 2024, 12:20:42 AM
You might have a good point about the top 5 traded currencies might be more important than other considerations.. so I would be open to the idea of changing it to the top 5 currencies based on trade volume.  Based on that coinhills website, the Canadian Dollar is really far down the list (#18), so it does not seem as relevant based on such trade volume considerations.

You might want to consider Canada's place in the Bitcoin community.

Yes, Singapore may have a greater exchange trading volume but does that make it more important here in Bitcointalk?

How many of Canada's Bitcoiners use exchanges all that often. Many of us have been involved for so long that we don't trade unnecessarily and when we do there's a good chance it's going to be over the counter or under the table. Most probably simply hodl.

How many BCT members come from Canada as compared to Singapore or some of the other countries on Coinhills' list?
198  Economy / Speculation / Re: Im new here but Im old trader i keep eyes on Market. on: March 16, 2024, 11:45:31 PM
Old trader?  Grin

Grow up kid. You're not fooling anybody.

Quit acting like you know what you're talking about.
199  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 16, 2024, 10:47:51 PM
Excellent. Bravo.

One small suggestion though:

If you omit the USD, EUR, CAD, etc it will all fit on a standard page without having to scroll sideways.

That was how Yefi did it.
___________

Keep up the good work. This is such an important thread. Thank you.

So many people dwell on the high and low prices. The weighted averages give a much better read on the overall market, not just fat fingers and manipulations.

I find this thread much more important than the daily Chartbuddy recap in the WO. That doesn't even reference prices, just bids and asks.

I asked Richy to include the final actual trade value in CB, top center between the final bids and asks but I guess he's been too busy.

You always seem to find the time.

Thanks again!
200  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2024, 08:08:41 PM
Lol it's the price that fell not the quantity you own
With its intrinsic value and potential price
We still rich
Always would be as long as we have some BTC in our wallet.


You keep Bitcoin in a wallet?

I prefer cold storage addresses. Safer.
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