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

[bitserve]

When you have more than 12 BTC, I would recommend using Bitcoin Core on a computer that can handle it. The only other wallet I've used is Electrum.

How can you suggest someone to use a software wallet with 12BTC ($20.000)?

That's irresponsible advice  

On a properly secured computer, it's fine. I know someone who uses an android software wallet with 50+ BTC in it.


All the coins and alts I hold are on software wallets. Do whatever you need to do to keep your computer secure, whether that's installing firewalls or running it in a VM or isolating it from the internet.

No, it's not fine. When I am not trading I do computer security for a living and I know all the ways why it isn't.

That doesn't mean it is a sure thing that you will be hacked, but there's no need to gamble with that when current hardware wallets are so cheap and convenient to use.

About the guy with 50+BTC on an android.... well, everything is relative, it depends on his net worth... if that's what he spends in a couple of days or even a week, then its ok. Other than that it's irresponsible. But hey, it's his money.

[JimboToronto]

A bright shiny good morning Bitcoinland.

The non-bubble uptrend continues. After a solid $100 correction/profit-taking/consolidation we're right back with a fresh new ATH... currently $1784USD (Bitcoinaverage).

That's $2457CAD according to Google. Two and a half grand is getting tantalizingly close.

Go Bitcoin go.

[fluidjax]

Online computer are never safe(just think about the recent Windows Defender remote hole). Use an old pc, which you never connect to the internet. Or just buy a Trezor. Much easier this way.

All of us must have made enough recently to buy a trezor (or similar) without even noticing it. Do it! you can't trust your phone or your computer.
Make sure you practice with it a little before commit large amounts of funds to it, and write down the recovery seed!
You will sleep easier.

[B1tUnl0ck3r]

flash crash activated?

[bitserve]

flash crash activated?

You should stop watching the 1m chart if you are so sensible to minuscule movements

[JimboToronto]

flash crash activated?

Crash? We just hit an ATH.

[B1tUnl0ck3r]

flash crash activated?

Crash? We just hit an ATH.

first rise, then rince... what ever I think, the price will speak for itself. let's watch!

[Qartada]

flash crash activated?

Yeah, crash of like $5.  Kwukduck's dream has basically come true  .

Remember when going up $50 in one day was special?

Bitcoin's growth is cumulative from our point of view.  Naturally we look at it as a percentage rather than an amount, so going up $50 in one day is only special if that's a particularly high amount of the total, which it's not.

[Dabs]

Ok. I'll admit yours is better advice. I'm just not into hardware wallets for now. (My computer is essentially a large hardware wallet; but that's another story.)

you can't trust your phone or your computer.

I don't trust anything.

[JimboToronto]

I don't trust anything.

Neither do I.

This is why I prefer paper wallets. Even hardware wallets require trusting the hardware manufacturer.

With paper wallets you only need to trust yourself and mathematics.

[fluidjax]

Ok. I'll admit yours is better advice. I'm just not into hardware wallets for now. (My computer is essentially a large hardware wallet; but that's another story.)

you can't trust your phone or your computer.

I don't trust anything.

Can't agree more, I generated the seed to my cold wallet by rolling dice. (no joke)

[droizs]

I don't trust anything.

Neither do I.

This is why I prefer paper wallets. Even hardware wallets require trusting the hardware manufacturer.

With paper wallets you only need to trust yourself and mathematics.

You also have to trust in your house fire system if you have one.

[bitserve]

I don't trust anything.

Neither do I.

This is why I prefer paper wallets. Even hardware wallets require trusting the hardware manufacturer.

With paper wallets you only need to trust yourself and mathematics.

You did calculate your paperwallets by hand with pencil and paper?  

Anyways, you will probably need a computer and a software wallet to redeem them....

[bitserve]

I don't trust anything.

Neither do I.

This is why I prefer paper wallets. Even hardware wallets require trusting the hardware manufacturer.

With paper wallets you only need to trust yourself and mathematics.

You also have to trust in your house fire system if you have one.

No need. He does have multiple off-site backups of his paperwallets... as everyone should for any kind of seed.

[LFC_Bitcoin]

$1786 on Stamp. Does anybody else feel this is going too fast? I wouldn't mind a period of consolidation for a bit now.

Sideways please.

[DonQuijote]

flash crash activated?

You should stop watching the 1m chart if you are so sensible to minuscule movements

lol
He should be noob

[DonQuijote]

Segwit activated on LTC, could be good for btc
http://litecoinblockhalf.com/segwit.php

[BitcoinNewsMagazine]

Ok. I'll admit yours is better advice. I'm just not into hardware wallets for now. (My computer is essentially a large hardware wallet; but that's another story.)

you can't trust your phone or your computer.

I don't trust anything.

A guy using the official wallet with passphrase protection lost 16 bitcoin to malware last week posted on reddit. I see these posts more often now. I can appreciate the reasons to run a full node but security of your bitcoin is not one of them until Bitcoin Core supports hardware wallets. Sure you can use Armory cold storage but that is not very convenient.

[Dabs]

A guy using the official wallet with passphrase protection lost 16 bitcoin to malware last week posted on reddit. I see these posts more often now. I can appreciate the reasons to run a full node but security of your bitcoin is not one of them until Bitcoin Core supports hardware wallets. Sure you can use Armory cold storage but that is not very convenient.

Not to sound negative about that guy's losses, but he probably did something else wrong that's not in the story, or that he's not aware of.

[B1tUnl0ck3r]

I little bit more time to fix some longs, and it will be fired...



or not... someone may drop it first .