Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[AlcoHoDL]

Wow! Great story. !!

https://www.wired.com/story/i-forgot-my-pin-an-epic-tale-of-losing-dollar30000-in-bitcoin/

So if this is true then it's possible to hack/crack a Trezor?
   

I'm not so sure having such a physical device is actually a good idea regardless.
You can be sure that anyone you see owning a Trezor has probably got crypto. Just a random dude with a computer not necessarily so /most probably not.

They fixed that hole in f/w ver. 1.5.2. As for the potential for future holes, it's always going to be there. It's still far better than a paper wallet though. With a paper wallet everything is out in the open, just a photo of your private key QR code and your coins are lost. With a TREZOR a thief needs to jump through many hoops to have some hope of getting to your keys. It took that guy 1.5 years to get access to his coins.

I'm very happy with my ledger nano s. It would wipe the device after the 3rd failed PIN attempt. Also there is no known exploit (fixed or unfixed) right now unlike trezor

The Ledger Nano S is a good choice. But this thing you mentioned about the device wiping itself after the 3rd failed PIN attempt would have me worried... What if you temporarily can't recall the PIN and you've lost the seed? You'll then lose access to your coins forever, even if you later remember the PIN. If that guy in the Wired story had a Ledger Nano S he would have lost access to his coins forever. I think the way TREZOR deals with the PIN is smarter and gives the owner the chance to try several times, with a geometrically increasing delay between retries, to the point where at some point it essentially locks him out.

[1714503988]

1714503988

[1714503988]

1714503988

[1714503988]

1714503988

[1714503988]

1714503988

[European Central Bank]

What if you temporarily can't recall the PIN and you've lost the seed?

then you're stupid and you deserve to lose the coins. you shouldn't put one satoshi into it until your seed is backed up to hell and back.

[AlcoHoDL]

What if you temporarily can't recall the PIN and you've lost the seed?

then you're stupid and you deserve to lose the coins. you shouldn't put one satoshi into it until your seed is backed up to hell and back.

Well, the part about backing up the seed I fully agree with, but temporarily forgetting the PIN can happen, even to the smartest people.

[vroom]

I'm very happy with my ledger nano s. It would wipe the device after the 3rd failed PIN attempt. Also there is no known exploit (fixed or unfixed) right now unlike trezor

The Ledger Nano S is a good choice. But this thing you mentioned about the device wiping itself after the 3rd failed PIN attempt would have me worried... What if you temporarily can't recall the PIN and you've lost the seed? You'll then lose access to your coins forever, even if you later remember the PIN. If that guy in the Wired story had a Ledger Nano S he would have lost access to his coins. I think the way TREZOR deals with the PIN is smarter and gives the owner the chance to try several times, with a geometrically increasing delay between retries, to the point where at some point it essentially locks him out.

That's true. if PIN and seed are lost, the coins on the device can not be recovered. I hope ledger will release an update and let the user chose his preferred type of PIN security.

[vroom]

What if you temporarily can't recall the PIN and you've lost the seed?

then you're stupid and you deserve to lose the coins. you shouldn't put one satoshi into it until your seed is backed up to hell and back.

Well, the part about backing up the seed I fully agree with, but temporarily forgetting the PIN can happen, even to the smartest people.

if you forget the pin, recover the device with your seed and chose a new pin 

[AlcoHoDL]

What if you temporarily can't recall the PIN and you've lost the seed?

then you're stupid and you deserve to lose the coins. you shouldn't put one satoshi into it until your seed is backed up to hell and back.

Well, the part about backing up the seed I fully agree with, but temporarily forgetting the PIN can happen, even to the smartest people.

if you forget the pin, recover the device with your seed and chose a new pin 

Well, this is an advantage of the Ledger (stricter security), so long as one makes absolutely sure he can have access to the seed (which he/she should). TREZOR gives you a few more chances (for a while), then shuts you out.

[AlcoHoDL]

I want to post a CCMF meme, but can't (because of the slight drop).

Come on BTC...

[Arriemoller]

It always works: I sell a bit-dime and the price skyrockets as a result.

Maybe I should start a donation wallet: Donate bitpennies to me, I'll sell it, and the price will skyrocket as a result.

Thoughts?

For me it's the opposite, every time I buy the price goes down.

[vroom]

[fabiorem]

Its dead.

And I here thinking the floor would be $6000 by now...

[JimboToronto]

A late and slightly hungover good morning Bitcoinland.

I see we're still over $6k despite the profit-taking/correction following yesterday's ATH... currently $6075USD/$7804CAD (Bitcoinaverage).

AltCash slipped a bit as well at $451USD/$578CAD (Coinmarketcap).

It would be nice if $6k was the new bottom but I'm not counting on that quite yet. Getting over $8kCAD was fun yesterday though. It's another milestone. This time last year we were looking forward to just getting back to $1k.

What a difference a year makes. Go Bitcoin go.

[pfrtlpfmpf]

ATH @ Kraken!

5311 €

Diz iz gentlemen!

False start to this rally, perhaps?  24 hours more of engine revving needed?

Already broken! 5335 € now... I can't explain it, I just enjoy it...

Great!!!! Wonderful!!!!

But that is not the point of my question which may have been a slightly different topic regarding our seemingly pending and imminent rally, whether it is going to happen now, or take a bit longer to commence?  Are we going to get to $6800 in the coming day or two or will it take us until next week before we arrive there?

pfmpf, so little time, so much to do . . .
C´m on bitcoin, do something  

Joking aside, i´m for a slow and steady rise, otherwise we´ll come into the radar of goverments, and such, to quickly. But we´ll have to step on some toes anyway, on the way.

[podyx]

The slower it goes up right now, the more bullish it will be later.

[soullyG]

The slower it goes up right now, the more bullish it will be later.

Exactly, even if we drop to $5k now it's still bullish as fuck because we're establishing support for extra fuel on the next rise 

[shmadz]

The slower it goes up right now, the more bullish it will be later.

Exactly, even if we drop to $5k now it's still bullish as fuck because we're establishing support for extra fuel on the next rise 

It's almost as if we're just building another rocket platform...

Side note: Anyone else remember when a 10K walls were normal?

https://twitter.com/francispouliot_/status/924739943842435072

[pfrtlpfmpf]

Bubble, what bubble ?

https://hackernoon.com/with-greater-perspective-the-crypto-bubble-isnt-a-bubble-it-s-a-bc8de7b55f30

[yefi]

https://twitter.com/francispouliot_/status/924739943842435072

Made a fortune on alts, lost it all shorting Bitcoin?

[Karartma1]

Today a colleague of mine came to me and asked: so what will you be doing for the upcoming November fork?
I said: I will hold.
He looked at me and he asked again.
I replied: I will hold.
He was a bit frustrated after that answer and he asked once more: come on, stop it,  what does it mean to hold?

I replied: Oh yeah sorry, my bad. I said: I will HOOODL.

He probably tought I'm crazy and he walked away.
 

Go BTC go!

[pfrtlpfmpf]

https://twitter.com/francispouliot_/status/924739943842435072

Made a fortune on alts, lost it all shorting Bitcoin?

Shorting ? Alts and Bitcoin hedge each other ( i mean, only serious alts) !

Crypto in general, has only one way to go. Guess, which one !

[yefi]

Shorting ? Alts and Bitcoin hedge each other ( i mean, only serious alts) !

The guy's short got liquidated for $48M. It smells of the nouveau riche, and alts seem like the most likely source of said new wealth. I could be wrong in my assumption of course.