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

[jojo69]

... I didn't have an updated version or BitcoinD running and no way to sync to a database.

Y U no full node brah??

Crap internet Brah!  Out in the boonies and use a Verizon Wireless cell phone router.  Get throttled at the 15gb limit.  

oooh, gotcha, OK you are excused

[mr angry]

Very interesting CNBC conversation around Bitcoin and hedge funds.

https://www.cnbc.com/video/2017/12/26/hedge-funds-want-in-on-the-bitcoin-action-heres-why.html

Yep...

Holy moley!!!

This guy has a very conservative presentation of the bitcoin situation, and even how bitcoin might fit into traditional financial thinking - but if you really consider what he is saying, it seems that bitcoin has to do another 5x - 10x before it is going to begin to be treated seriously by traditional investment circles.

It's getting more and more publicity each day. All that publicity will get more and more newcomers investing in bitcoin every day.

There were almost a hundred thousand new members registered on bitcointalk in November this year. During November last year it was closer to ten thousand new members registered. When it's a million new members a month bitcoin will be going mainstream.

[JayJuanGee]

[edited out]

I understand you sentiments, as someone who must be losing big right now. However, they are not true. I did not miss out on this run. I made a fortune.
Why do I share TA like this?  I do it because I observed a pattern or because I believe in something. I actually do it in both directions. I dont do it becasue I want to manipulate the market. I do it either to spark up a conversation, have someone prove me wrong, or to get credit when something I said comes true. So far I'm on a good run. First I called a breakout above 17000 and then that a stop order at 18800 would be a good idea, then later on after the second drop I called a floor at 11700, and then I called a top at 16000. Next I'm calling a bounce at 8000. It's probably going to come true. In my mind all these things about the market needing to correct and test lows are simply pieces of inevitable logic, are healthy, and have nothing to do with fear or pessimism or malice. I dont know if we're going to enter a 3 year crypto winter like the chart above but I noticed that two segments of the chart looked almost exactly the same and wanted to stir up the opinions of analysts on here.

Comes off as selective and even revisionary history to me, and what is so important to you, TeraBeara (aka Terabera), about being supposedly wise and generally correct and supposedly saving WO thread readers from alleged excessive exuberance (whether bullside - which seems to be the usual case that you are addressing - or bearside)?

[Arriemoller]

I'm thinking of putting 50% of my coins in paper wallets, but I have always been worried that the private key won't work when it's time to claim them
Please you who know how these things work, ease my worries.

[HairyMaclairy]

There were almost a hundred thousand new members registered on bitcointalk in November this year. During November last year it was closer to ten thousand new members registered. When it's a million new members a month bitcoin will be going mainstream.

Can you please provide a link where I can see new joiners ?  Thanks in advance. 

[nanobtc]

I'm thinking of putting 50% of my coins in paper wallets, but I have always been worried that the private key won't work when it's time to claim them
Please you who know how these things work, ease my worries.

They work very well, but on it's lowest level, it's just two long strings of characters. Find a way to securely and safely store those two numbers in addition to paper wallets. Paper wallets do not work well in a washing machine, or a fire.

EDIT: To use paper wallets at all, you eventually have to know how to get BTC out. There are two main choices with software wallets. if you IMPORT the private key, it is available in both locations. If you SWEEP the key, it conclusively moves it. A good way to start is put a tiny bit in a paper wallet, then familiarize yourself with sweeping it to a software/hardware wallet. Sweep may be more secure than import, else you can leave several software wallets around with BTC. You need to always secure the software ones. When TX fees are low, flip it around a few times. Then you won't be stressed over moving large amounts someday.

[JayJuanGee]

Now that the forum is completely pessimistic I wouldnt be suprised if it just spiked straight up to 20K like 'Aha! Fooled you. The bear market is off.'

so I see you set yourself up for both ways eh? you should be a cold reader. the credulous folk would see you as a psychic genius...

EXACTLY what these predicting folks try to do.  Predict in both directions, and then try to act as if whatever happens was consistent with what they were predicting all along.  The best posters remain those who condition their predictions and remain humble about correct outcomes.  I really doubt that anyone can predict with more than 80% confidence, and even that is quite high, but yeah, I already understand that a large majority of folks do like to predict in terms of absolutes, even though future outcomes do not work like that (until they become historical events).   

[mr angry]

There were almost a hundred thousand new members registered on bitcointalk in November this year. During November last year it was closer to ten thousand new members registered. When it's a million new members a month bitcoin will be going mainstream.

Can you please provide a link where I can see new joiners ?  Thanks in advance.  

Go to the bottom of this page for the monthly statistics. Expand any month you want to see the weekly new member registration statistics for.

https://bitcointalk.org/index.php?action=stats

[gentlemand]

There were almost a hundred thousand new members registered on bitcointalk in November this year. During November last year it was closer to ten thousand new members registered. When it's a million new members a month bitcoin will be going mainstream.

Can you please provide a link where I can see new joiners ?  Thanks in advance.  

Go to the bottom of this page for the monthly statistics. Expand any month you want to see the weekly new member registration statistics for.

https://bitcointalk.org/index.php?action=stats

You'll know it's mainstream when no one feels the need to join a forum about it. How many Android users are members of Android forums?

[lightfoot]

yup, the 24 word seed is all you need if trezor and ledger both go belly up your coins are safe. just use any bip39 software or hardware wallet and import the seeds.

True true, that does work, but it would be nice to have your own little mini-trezor server so you could still use the damn thing. I absolutely hate relying on a vendor and their web site.

[vapourminer]

I'm thinking of putting 50% of my coins in paper wallets, but I have always been worried that the private key won't work when it's time to claim them
Please you who know how these things work, ease my worries.

they work. but you need to create them securely.. linux live cd on a computer with no internet and a dumb printer. laser printer is best, as the paper can get wet and still be legible. or laminate the paper after.

send a small amount to a few, then sweep them to get you used to it. never reuse swept ones. when youre comfortable with it make a bunch and send set amounts to them so you can sweep the smallest one you need at the time of sweeping.

make several copies (not on a copier afterwards, ie print the wallets several times when you originally make them) and store them in different secure locations, and use bip38 passphrase encryption. worked for me for years. but i use hardware wallets now.

[birr]

I'm thinking of putting 50% of my coins in paper wallets, but I have always been worried that the private key won't work when it's time to claim them
Please you who know how these things work, ease my worries.

The real risk is loss of the private keys.
Example:  you print out the private keys on that heat-sensitive printer paper.  Later the paper gets warm for whatever reason, and you end up with a piece of paper that's solid black and illegible.
The key works -- if you have it. The problem is making sure you have it.

[Arriemoller]

I'm thinking of putting 50% of my coins in paper wallets, but I have always been worried that the private key won't work when it's time to claim them
Please you who know how these things work, ease my worries.

They work very well, but on it's lowest level, it's just two long strings of characters. Find a way to securely and safely store those two numbers in addition to paper wallets. Paper wallets do not work well in a washing machine, or a fire.

EDIT: To use paper wallets at all, you eventually have to know how to get BTC out. There are two main choices with software wallets. if you IMPORT the private key, it is available in both locations. If you SWEEP the key, it conclusively moves it. A good way to start is put a tiny bit in a paper wallet, then familiarize yourself with sweeping it to a software/hardware wallet. Sweep may be more secure than import, else you can leave several software wallets around with BTC. You need to always secure the software ones. When TX fees are low, flip it around a few times. Then you won't be stressed over moving large amounts someday.

I'm familiar with sweeping, I have done that with most of my addresses to claim my clone coins. I'm just worried that the private key on that piece of paper wont work. How do I know that the private key actually work? What if my coins are stuck in that piece of paper for ever?. ( I know they are not actually in the paper wallet, I'm not that dumb).

[gentlemand]

I'm familiar with sweeping, I have done that with most of my addresses to claim my clone coins. I'm just worried that the private key on that piece of paper wont work. How do I know that the private key actually work? What if my coins are stuck in that piece of paper for ever?. ( I know they are not actually in the paper wallet, I'm not that dumb).

Presumably you'd be using something like Bitaddress a long way offline. Create your wallet and store everything. Then start another Bitaddress session and feed in the private key in the wallet details bit. It'll show you the same address and then you'll know you're set for life.

[Arriemoller]

I'm familiar with sweeping, I have done that with most of my addresses to claim my clone coins. I'm just worried that the private key on that piece of paper wont work. How do I know that the private key actually work? What if my coins are stuck in that piece of paper for ever?. ( I know they are not actually in the paper wallet, I'm not that dumb).

Presumably you'd be using something like Bitaddress a long way offline. Create your wallet and store everything. Then start another Bitaddress session and feed in the private key in the wallet details bit. It'll show you the same address and then you'll know you're set for life.

One of the reasons I'm worried is because my legacy address on Blockchain holds some dust, but when I try to sweep that dust to a BTC or BTG wallet it says "no funds".  So that private key obviously doesn't work.

[Arriemoller]

I'm familiar with sweeping, I have done that with most of my addresses to claim my clone coins. I'm just worried that the private key on that piece of paper wont work. How do I know that the private key actually work? What if my coins are stuck in that piece of paper for ever?. ( I know they are not actually in the paper wallet, I'm not that dumb).

Presumably you'd be using something like Bitaddress a long way offline. Create your wallet and store everything. Then start another Bitaddress session and feed in the private key in the wallet details bit. It'll show you the same address and then you'll know you're set for life.

Thanks

[Deeyoh]

Start a Blockchain.info wallet.   Go to Settings, Addresses and Click the Import Address.  Put in the public key.  This way it's watch only and can see what's on that address.  Next you can use the More Options button and spend if you have the private key.   Did that to import my old Armory private keys.

[xhomerx10]

Saddle up boys. Time to ride that bull !

 You buying again?!

[bones261]

Saddle up boys. Time to ride that bull !

Well that is an impressive 15 minute green dildo.

[the artful bodger]

Saddle up boys. Time to ride that bull !

Well that is an impressive 15 minute green dildo.

I blinked and it pumped by $500!