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

[Paashaas]

Phenomenal chart.

Strong part of the Bitcoin upmove has not started yet.

Chart suggests we are in Q117 equivalent time period.

Volatility measurement spikes at end of moves... now still near the lows.

Hard to think btc could 5-8x from here in 2021.

Best to just HODL

https://twitter.com/DTAPCAP/status/1351775441888149504

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[Dabs]

With enough data in the cloud, average grade encryption, even with a low security password, is IMO a good option when you combine it with some steganography. Let them steal all your data from the cloud and sift all mp3, jpgs, videos etc. in search for the encrypted bit they need!

Even without stegano, I'll give a concrete example:

Cloud = dropbox = free. If you want you can use a low cost VPS, something like $1-$2 per month. Emailed to yourself. OneDrive. Google Drive. Any of the paid online backup services, Mozy, Carbonite, or just raw AWS storage.

File = compressed and encrypted with RAR. This uses 256 bit AES generated pseudorandomly and takes the longest to crack with brute force, because it uses a couple hundred thousand iterations of SHA in its KDF. RAR is partially open source, but the archiver has been around for two and a half decades, and the latest version has been downloaded a few million times.

Password = 8 to 24 character alpha numeric. I've been able to generate some using dice (for fun) and memorize them in 3 chunks of 8. One could use something like WarpWallet to feed this password and use the resulting private key as the actual password for the RAR file.

So a "passphrase" of "abcdefgh" will take a few seconds to derive "5JPkUh35jo1x39wGoC3XLmmHgAtpYdzcHSwWCknoiYdPE97WcrM"


Average Grade these days means 128 or 256 bit AES.

You can upload the encrypted file anywhere using a "short" password of 8 characters (which should be easy to memorize even if its truly randomly generated) and it will be relatively secure for at least 100 to 200 years. I'd keep a copy of all the needed HTML and winrar.exe in the same cloud, plus instructions in plain text.

Someone would have to specifically target you, and then you're screwed no matter what you do as if you have any family they will simply threaten violence on them. Sure you can survive extreme torture, but would your spouse or partner? Would your children?

Link:
https://keybase.io/warp/

[cAPSLOCK]

That thing is gorgeous.

Nice little bottomy scoop painting a nice hammer on the 30m chart.  Good volume on the come up too.

[True Myth]

Wonderful Wednesday WO world.

Touched the bottom part of the channel today before buying frenzy pushed it back up.  The bottom part of the channel also aligns with the daily EMA 26.

[BobLawblaw]

New POTUS installed. The USA didn't collapse. Onward to $50k ASAP pls.

This is not a political post.

Fight me.

[friends1980]

New POTUS installed. The USA didn't collapse. Onward to $50k ASAP pls.

This is not a political post.

Fight me.

New POTUS liked by establishment. Dollar goes up. Bitcoin goes down. (a bit)

These guys are not like us. They're in it for the dollars and couldn't care less about BTC.

[Torque]

Gee, I really do wonder if the Fed money printer go brrr has any correlation to the stock market.

Oh, wait...



Also notice where the Fed 'temporarily' stopped buying (er, printing)....2018-2019. Did someone at the Fed know something was coming?  

[LucyFurr]

oh c'mon .... several huge long liquidations ... and no fiat to buy the dip ... damn...

Don't worry each and every government is printing their paper money continuously.

[Hueristic]

Seems the Yellen announcement has some people spooked.

What I don't understand is why Yellen and others are seeing "cryptocurrency" as a "growing concern for terrorist financial movements".

The event that sparked this was a group of right extremists that received "donations" in the form of BTC a month prior to the DC shenanigans a couple weeks ago.

Let's think about this... we are able to see the transaction, when it happened, identify who received it down to individual names, and determine the amounts.  All of this solely because it was in the form of BTC and can be seen on the block chain.

If this transaction happened via cash, no one would know any of these details. It never would of been brought to light.  

To me, this is like complaining about the check engine light coming on in the car instead of fixing the damn car.  If it wasn't for that light you wouldn't know there was a problem in the first place.

When will these people start using the tools instead of blaming them?

They freak out because..well immutability.
They don't have control to seize shit and that makes them piss their pants.

[Karartma1]

Fillippone (MI5)

#meritislife: how to be notified on a smartband of merits and mentions

Free advertising for me.

[BitcoinGirl.Club]

Good evening WO!
Observing @ $35,000

[OutOfMemory]

Good evening WO!
Observing @ $35,000

Bought a shovel full of dust at $34.801
Go, go, goooo

Joe, get it on with the Bitcoiners and slap Yellen on her forehead with a bundle of worthless dollar notes 

New POTUS installed. The USA didn't collapse. Onward to $50k ASAP pls.

This is not a political post.

Fight me.

I understand.
*hugs Bawb* #nohomo #justfriends

[AlcoHoDL]

I would prefer to do it myself, and the final key I simply put it encrypted in the cloud OR buried and hidden.

People will bark at you with the "encrypted in the cloud" idea.  Although I think people who REALLY understand what they are doing can do this.  And one other issue with that is, how do you store the password?  It's really the same problem.  If it is an easy enough password to remember?  Then might not be as secure as you would hope.

With enough data in the cloud, average grade encryption, even with a low security password, is IMO a good option when you combine it with some steganography. Let them steal all your data from the cloud and sift all mp3, jpgs, videos etc. in search for the encrypted bit they need!

I used to be paranoid about security, to the point of devising intricate methods of encrypting my recovery seed by designing my own complex algorithms that used information from various sources (files, words from books, etc.) that only I knew how to combine, in order to decrypt the data and get to my recovery seed. It worked for a while, until one time I tried to verify my encrypted backup, only to discover that I had nearly forgotten the decryption procedure. Fortunately, I was finally able to remember it. Even if I could not, I still had my Trezor, so I could just transfer my coins to a new wallet with a fresh, known recovery seed. But I finally remembered the decryption steps, and was able to get to the plain-text version of my recovery seed, thus avoiding transferring my coins to a new wallet.

This has taught me to apply the KISS principle. Use strong encryption, but keep it simple enough to always remember the decryption procedure. Use standardized methods (BIP39, etc.). Don't overdo it, to the point of later forgetting how it's done, because you may lock yourself out of your coins, and that's 100 times worse than a mindrust event.

[Biodom]

GBTC had just 4% premium at the 33400-33740 bottom earlier today.
Almost at par-good to buy, bad to sell in ret accounts.

[infofront]

BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures

Boom!

[dieselmeister]

oh c'mon .... several huge long liquidations ... and no fiat to buy the dip ... damn...

Don't worry each and every government is printing their paper money continuously.

But they don't give it to me for free .. I have actually work for it... so... next month again some small buys... Thank you anyways for cheering me up. 

[dieselmeister]

BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures

Boom!

So we getting more pressure through long liquidations ... I am very sceptical, that's a good thing at all.

[d_eddie]

BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures

Boom!

Not necessarily a good thing. It's good as it continues to signal growing WS interest, but also potentially dangerous: fuckery with derivatives has brought trouble to btc price. We've all seen it. I would have liked it much better if the funds had got the go-ahead for direct bitcoin exposure. it would have been one more Michael Saylor, so to say. We need more of those. Many more.

[Gyrsur]

THIS IS FINE! (at least so far)

[dieselmeister]

THIS IS FINE! (at least so far)

and if we broke through the bottom at the end of the triangle, than we are fucked or more "buy the fucking dip"-again ...