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

[xhomerx10]

Morning Dude and good morning buddy,

Off to a cheerleading completion at the Cure Insurance Arena in Trenton NJ

 That sounds like a really good time!   I'll just be putting on my winter tires... without cheerleaders though.
 

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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[WatChe]

Down the memory Lane

Just found these devices from an old bag of mine and it took me 15 years back in time. At that I don't have laptop and smart phones were not very common. Bought this TP-Link Wireless Lan card to connect my Desktop computer with WiFi. I had this Bluetooth device to transfer data from mobile phone(Nokia Symbian) to computer.
Now time has changed and all these devices are fitted well in tiny a smart phone.
May be I should save them for few more years so they become some sort of antiques, just like people in 90s collect and save postal stamps  

[ChartBuddy]

Explanation
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[danadc]

I like this type of articles:

“The Short-Term Holder (STH) cost basis is also now in the rear view mirror at $28k, putting the average recent investor into an average profit of +20%,” “The Week On-Chain” continued.

Researchers uploaded a chart of the short-term holder market-value-to-realized-value (STH-MVRV) ratio, which tracks the profitability of STH coins. They noted that even prior to the October upside, no major capitulatory behavior was visible.

“We can see instances in 2021-22 where STH-MVRV reached relatively deep corrections of -20% or more,” they explained.

    “Whilst the August sell-off did reach a low of -10%, it is noteworthy how shallow this MVRV decline is by comparison, suggesting the recent correction found noteworthy support, being a precursor to this week’s rally.”

“This sets the foundation for a resumption of the 2023 uptrend. At the very least, the market has crossed over several key levels where aggregate investor psychology is likely to be anchored, making the weeks that follow important to keep an eye on.”

Source: https://cointelegraph.com/news/bitcoin-2023-uptober-btc-price-research

I can say that for this month of November and December it can increase because the price has not dropped , it has remained the same and when it happens like this , According to what I have seen from the Market , it can continue to rise , for the best for me because if Bitcoin rises It is more Valued , for me Bitcoin is very undervalued , I believe that Bitcoin should be at $80k right now.

and something that can help a lot and I hope it does so that the price is quite good in a short time: VIDEO:


Bitcoin is ‘the most disciplined central bank’ in the world, says Anthony Pompliano



Source: https://www.cnbc.com/video/2023/10/25/bitcoin-is-the-most-disciplined-central-bank-in-the-world-says-anthony-pompliano.html

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[Gachapin]

in addition to the options for losing keys mentioned by Biodom, there is always an unexpected hacking option. We can recall the story that happened a few months ago with Libbitcoin, where key generation was carried out with insufficient entropy, as a result of which the keys generated in this way were especially vulnerable to hackers. This way, you can be confident in the safety of your keys and still face the loss of your bitcoins. The probability of this is almost zero, but still not zero.

This is why addresses must be created on a computer which has no internet connectivity and printed on a printer that will never have internet access. Printer spooler buffers can be hacked.

Air gapping is important again hacks. But I think it does not protect you from an insufficient RNG that might create a seed with inadequate entropy.
The problem can be mitigated with a good passphrase though.

[SamReomo]

in addition to the options for losing keys mentioned by Biodom, there is always an unexpected hacking option. We can recall the story that happened a few months ago with Libbitcoin, where key generation was carried out with insufficient entropy, as a result of which the keys generated in this way were especially vulnerable to hackers. This way, you can be confident in the safety of your keys and still face the loss of your bitcoins. The probability of this is almost zero, but still not zero.

This is why addresses must be created on a computer which has no internet connectivity and printed on a printer that will never have internet access. Printer spooler buffers can be hacked.

Air gapping is important again hacks. But I think it does not protect you from an insufficient RNG that might create a seed with inadequate entropy.
The problem can be mitigated with a good passphrase though.

You're right a passphrase can increase the security as an extra layer so the seed phrase which was generated with a weak RNG. A weak seed phrase can be brute-forced and that problem can be solved with a pass-phrase. The passphrase should be at least 24 words long so that hackers won't be able to brute force that.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[Hueristic]

Well its here, financial privacy is officially a violation of the partiot act if this law addition passes.


Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern

The term “convertible virtual currency” or CVC, means a medium of exchange that either has an equivalent value as currency, or acts as a substitute for currency, but lacks legal tender status.[74] Although Bitcoin has legal tender status in at least two jurisdictions, the term CVC includes Bitcoin for the purposes of this proposed rule.

https://www.federalregister.gov/documents/2023/10/23/2023-23449/proposal-of-special-measure-regarding-convertible-virtual-currency-mixing-as-a-class-of-transactions

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[OutOfMemory]

Well its here, financial privacy is officially a violation of the partiot act if this law addition passes.


Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern

The term “convertible virtual currency” or CVC, means a medium of exchange that either has an equivalent value as currency, or acts as a substitute for currency, but lacks legal tender status.[74] Although Bitcoin has legal tender status in at least two jurisdictions, the term CVC includes Bitcoin for the purposes of this proposed rule.

https://www.federalregister.gov/documents/2023/10/23/2023-23449/proposal-of-special-measure-regarding-convertible-virtual-currency-mixing-as-a-class-of-transactions

If this would actually pass and get activated, we have a bigger, underlying problem.
But stupidity is common, and politicians aren't immune to it. I think it needs a lot of stupidity to make the majority of decision/law-makers to actually assume CVC's as a actual violation of the PA. I mean, El Salvador's role as establisher of Bitcoin as legal tender should invalidate the projection this proposal is built upon.
Right?

EDIT: Missed the important part: mixing.
I agree with you, this could become a problem to privacy, because realistically the proposal would probably be accepted.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[JayJuanGee]

in addition to the options for losing keys mentioned by Biodom, there is always an unexpected hacking option. We can recall the story that happened a few months ago with Libbitcoin, where key generation was carried out with insufficient entropy, as a result of which the keys generated in this way were especially vulnerable to hackers. This way, you can be confident in the safety of your keys and still face the loss of your bitcoins. The probability of this is almost zero, but still not zero.

This is why addresses must be created on a computer which has no internet connectivity and printed on a printer that will never have internet access. Printer spooler buffers can be hacked.

Whats wrong with handwriting?
All possible leaking problems avoided and it should not be like a big deal writing a dozen of simple words down.

well, in this case you rely on additional wallet or ledger/trezor software, right?
<snip>

No, I create the seed with electrum on a computer that never goes online. I write it down on two pieces of paper (backup) and store it safely.* Once I'm done I shred the harddisk (the linux tool 'shred' not actual shredding) and reinstall linux + electrum from cd for the next time I have to sign a tx.
I have never seen any use in these little USB gadgets, too much trust involved for my taste.

*I also apply some crypto-fu by xoring with a simple password before writing it down, it still looks like a seed but isn't one

I don't mean to pry too much, but what happens if something happens to your wallet, so then you go to use your seed (hypothetically, maybe you had not accessed that seed for 3-5 years) and then once you try to retrieve your back up seed and put the two pieces together, one of your two pieces of paper is missing, damaged or otherwise not sufficiently readable?  

What I am getting at is that I hope you are not just relying on one back up.  

Another question would be if your wallet and its back up happens to be in the same house (or location) at the same time.. what if your house burns down? or gets hit by an asteroid (alien spaceship) and completely destroyed?   In this second scenario, you had both your regular and your backup destroyed at the same time... and that could also be a problem of having ONLY one back up, and I am not really opposed to having one of the back ups in the same building as the wallet (the primary), but there seems to be a need for some kind of locational diversity, even if it might be a separate building on the same property... but yeah, some folks might feel that they don't really have second buildings, and so maybe those people might get stuck with some kind of safety deposit boxes which ends up being a bit of a hassle since almost two safety deposit boxes might be needed unless there might be some ways to disguise the backups in plain sight.. which I would suggest is not an impossible task, even though it could end up in confusion for anyone who might not know the instructions for how to untangle the puzzle.

By the way, none of my questions are meant for you or anyone else to provide specifics regarding their own practices, and/or even if there might be some family members involved, there could be a kind of system in which a family member agrees that I am holding something personal in their filing cabinet or their safe or in one (or two) of their books or something in which, they might need to know not to throw away or to destroy, in the event that I am not visiting them on a fairly regular basis to be able to ensure that the location and/or the contents of the location is not messed with.

don't leave the WO victim to two trolls, will you?

Of course not, what can two trolls do against an army of professional liars?

ah ha!!!!!!!

I see an admission, there.  

That is sweet, in your own kind of a way.  I suppose.

What is really “sweet”, is that you have been online since 2014.

If true, that seems neither "sweet" nor unusual enough to be pointed out as any kind of a "gotcha."

Please

'splain

selfie.

[ChartBuddy]

Explanation
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