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

[quetschiquetsch]

Why is the roach still talking?
Sexual frustrated? Maybe?

I don´t get the point why people are posting on BitCointalk, when they don´t believe in BitCoin at all. I would just leave, say good bye to BitCoin and spend my time with things i believe in / like.
It´s like beeing Burger King lover, but instead of buying a whooper you waste your time talking to people at McDonalds what kind of trash the McDonalds food is.... Why don´t just grab a whooper and enjoy life?

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[hv_]

Many distributed computing projects "mine at a loss" ... since forever. Cracking RSA, looking for aliens, folding proteins, cure for cancer, large mersenne prime numbers, golomb rulers, studying asteroids, climate predictions, detect earthquakes and a whole bunch of other math stuff.

They all "mine at a loss". Only bitcoin has been the first distributed computing project that has an economic incentive, yet early miners all mined "at a loss".

This is a great view and the biggest difference to all other (ETH) ICOs

Satoshi really mined 'at a loss' since first 2 years the price for all those bitcoins was mostly 0.000 -  but he had lots of expenses for mining and time spent and no look into future price and success.

I've to explain this to newbees all the time and it's hard to understand today where price is 2500$ !

[BlindMayorBitcorn]

We've been warned.
https://www.reddit.com/r/Bitcoin/comments/6jrl5o/unrealistic_volatility_expectations/

[ft73]

bears looking ugly again ... and all the usual full of shit trolls crawling out from their roach holes spewing golden lies.

... might be a good buyable dip, who knows ?

my original plan was to buy at 2200, but..
1.) I got scared by the speed it was going down,
2.) It didn't get to 2200 [low was 2207.8]
..so now, Im not taking any action on bitcoin before this triangle is broken. But if its broken on the lower side, i will start to believe its H&S in the making and $2000 would be in danger

for now, in my view, it should target 2500+, but may still correct a bit towards 2300 before

I'm watching that as well.

Looking at past, both 2012 and 2013 "bubble" corrections happened to hit both EMA (50) and EMA (100) on daily (BitStamp).
Today daily EMA (50) sits at 2332$, EMA (100) way lower at 1973$.

Sure past does not repeats itself, yet something can be learnt from it.

[ShroomsKit_Disgrace]

Are we doomed now?:

https://blog.acolyer.org/2017/06/27/hijacking-bitcoin-routing-attacks-on-cryptocurrencies/

Or is it utter-nonsense?

[European Central Bank]

Are we doomed now?:

https://blog.acolyer.org/2017/06/27/hijacking-bitcoin-routing-attacks-on-cryptocurrencies/

Or is it utter-nonsense?

as with everything else that's rolled out to scare us, if it was that easy why isn't it happening already?

if someone takes the time to write about it that should mean someone else somewhere would've already done it and succeeded without telling anyone.

[kurious]

Ok thanks guys. I may be making a big mistake but I think as I am too worried about moving them about (which I have actually done in the past) I will not bother. I will keep the paper wallets safe and secure and just stay how I am. Some may say I am crazy but some wallets hold more than others and if anything should happen I would be more than upset/ pissed off. I'd probably go on some sort of rampage.

Maybe I'll just keep doing what I am doing and miss the boat this time.

Thanks for the advice but I am not as technical as most here. (More than the average person but not more than some regulars here)

ECB has hit the nail on the head. It really isn't that difficult and the rewards are quite worth it, particularly since there are going to be quite a few more airdrops in the future.
There is another byteball airdrop scheduled for the 9th July and more on every full moon for the next 6 to 7 months! That equates to a substantial amount of BTC in anyone's book!
Are you located in the South of the UK? If you need help I might be able to help you out as I am situated on the South coast. Not trying to scam anyone btw just trying to help.

Am ashamed to say I am also a Brit and in the same boat  - made loads of paper wallets way back (for different amounts) and it took me all day, so it looks a load of hassle.

But, if I use an old computer which is not on or ever likely to be on the net, get BTC QT onto it, then please (ELI5):

I import key from paper wallet to QT wallet, make signature, save signature, then DELETE that QT wallet (and repeat process for each BTC paper wallet address)?

If you are able to help may I PM you to verify this process (and save my embarrassment).  I am not a techie either, just a long term Bitcoiner who is a mac user and runs a mile even from simple CLI stuff. 

[European Central Bank]

Am ashamed to say I am also a Brit and in the same boat  - made loads of paper wallets way back (for different amounts) and it took me all day, so it looks a load of hassle.

But, if I use an old computer which is not on or ever likely to be on the net, get BTC QT onto it, then please (ELI5):

I import key from paper wallet to QT wallet, make signature, save signature, then DELETE that QT wallet (and repeat process for each BTC paper wallet address)?

If you are able to help may I PM you to verify this process (and save my embarrassment).  I am not a techie either, just a long term Bitcoiner who is a mac user and runs a mile even from simple CLI stuff.  

yes. that's all you need to do. it's the typing the keys in that'll drive you crazy though. do it one character at a time as 9 times out of 10 you'll get one wrong.

feed your addresses into the byteball wallet first on a live computer as it's an individual message per address. note them down and then sign the message for each address with the offline machine.

cut and paste all of the signed messages into a txt file and then take them off the computer and put them onto a live one where you can paste into the byteball wallet. obviously note the message that matches the address.

you'd be better off nuking the computer's hard disk afterwards and then reinstalling the operating system just to be absolutely sure.

you can also do it with this - https://github.com/brainwallet/brainwallet.github.io/archive/f7679dd03f39a04edced641960a7c3df1116fea9.zip which is what i used. it has a sign message section.

you won't need to delete the wallet every time you sign. you can import all the keys and sign each address after selecting it.

[yefi]

We've been warned.
https://www.reddit.com/r/Bitcoin/comments/6jrl5o/unrealistic_volatility_expectations/

For the past six years price has done a good job of filling the gap. Only exception has been the $32 - $50 range.

It´s like beeing Burger King lover, but instead of buying a whooper you waste your time talking to people at McDonalds what kind of trash the McDonalds food is.... Why don´t just grab a whooper and enjoy life?

I grabbed a whooper once, but I got mayo all over my hands...

[yefi]

you'd be better off nuking the computer's hard disk afterwards and then reinstalling the operating system just to be absolutely sure.

Yep, if it's an SSD, secure erase it; if it's an HDD then overwrite with random data - single pass will suffice.

[Dakustaking76]

Why is the roach still talking?
Sexual frustrated? Maybe?

I don´t get the point why people are posting on BitCointalk, when they don´t believe in BitCoin at all. I would just leave, say good bye to BitCoin and spend my time with things i believe in / like.
It´s like beeing Burger King lover, but instead of buying a whooper you waste your time talking to people at McDonalds what kind of trash the McDonalds food is.... Why don´t just grab a whooper and enjoy life?

Yes roach needs to do that 

[European Central Bank]

I don´t get the point why people are posting on BitCointalk, when they don´t believe in BitCoin at all. I would just leave, say good bye to BitCoin and spend my time with things i believe in / like.
It´s like beeing Burger King lover, but instead of buying a whooper you waste your time talking to people at McDonalds what kind of trash the McDonalds food is.... Why don´t just grab a whooper and enjoy life?

simple. people like this who take a certain position want everyone else to take the same position to justify it in their own mind.

they'll waste years and billions of calories of effort despite no one else being slightly interested in the internal struggles of some random asshole.

[kurious]

Am ashamed to say I am also a Brit and in the same boat  - made loads of paper wallets way back (for different amounts) and it took me all day, so it looks a load of hassle.

But, if I use an old computer which is not on or ever likely to be on the net, get BTC QT onto it, then please (ELI5):

I import key from paper wallet to QT wallet, make signature, save signature, then DELETE that QT wallet (and repeat process for each BTC paper wallet address)?

If you are able to help may I PM you to verify this process (and save my embarrassment).  I am not a techie either, just a long term Bitcoiner who is a mac user and runs a mile even from simple CLI stuff.  

yes. that's all you need to do. it's the typing the keys in that'll drive you crazy though. do it one character at a time as 9 times out of 10 you'll get one wrong.

feed your addresses into the byteball wallet first on a live computer as it's an individual message per address. note them down and then sign the message for each address with the offline machine.

cut and paste all of the signed messages into a txt file and then take them off the computer and put them onto a live one where you can paste into the byteball wallet. obviously note the message that matches the address.

you'd be better off nuking the computer's hard disk afterwards and then reinstalling the operating system just to be absolutely sure.

you can also do it with this - https://github.com/brainwallet/brainwallet.github.io/archive/f7679dd03f39a04edced641960a7c3df1116fea9.zip which is what i used. it has a sign message section.

you won't need to delete the wallet every time you sign. you can import all the keys and sign each address after selecting it.

Thanks - really appreciate the help! 

I am all mac, so the brainwallet app won't work for me, but I reckon using a BTC wallet will do.  I see a long day ahead!  But even the stellar drop will more than cover my time.

[European Central Bank]

If you have a scanner you wouldn't even need to type the keys in manually as you could connect the scanner to your offline pc and then cut and paste all the keys from the scanned wallets.
PM me if you need any further assistance

OCR doesn't work very well at the best of times. it would probably be even worse with something as complex as private keys. you may as well do it the right way and the hard way.

Thanks - really appreciate the help! 

I am all mac, so the brainwallet app won't work for me, but I reckon using a BTC wallet will do.  I see a long day ahead!  But even the stellar drop will more than cover my time.

oh yeah, i case i didn't point it out clearly enough, the byteball wallet gives you a message after you put in your bitcoin address. that message is what you feed into the bitcoin wallet with your private keys which gives you a new message back to validate with the byteball wallet.

[hazukison]

Lol @ the ETH bull trap. Those poor people.

Sorry I couldn't resist. 

It is back up to $295 after the dip tho?

[hv_]

Lol @ the ETH bull trap. Those poor people.

Sorry I couldn't resist. 

It is back up to $295 after the dip tho?

The bull trap was at the ATH ( 390 or so) - now we saw a bear trap at 225. I estimate the uptrend is broken now and we see  max a double top...

[WhatsBitcoin]

Seems like a lot of work for some byte balls. What can that possibly be worth? And what's this about loading private keys? Sounds like an OPSEC disaster waiting to happen if you ask me.

[becoin]

Lol @ the ETH bull trap. Those poor people.

Sorry I couldn't resist.  

Take care! It's not a simple game.

R3 banking cartel have chosen ripple and ethereum to distract people from bitcoin. Ripple is too different while ethereum is somewhat more like bitcoin. They'll try to cement ethereum as the leading price indicator. This is something they have wide experience of doing. For decades they manipulate the price of gold through price of silver. it is easier as silver is very tiny market compared to gold market and easier to corner. It is enough to convince the public that silver is leading the price "action" and your job is done!

Their strategy will be broken once price of bitcoin and price of ethereum decouples.

[machasm]

Seems like a lot of work for some byte balls. What can that possibly be worth? And what's this about loading private keys? Sounds like an OPSEC disaster waiting to happen if you ask me.

Well it might not be worth it for some but for me it was worth just under 0.5BTC last drop with several more drops in the future.
Of course you never know what the exchange rate is going to be (Byteball V BTC) after each drop but so far it is definately worth it.

[r0ach]

Can you describe the mechanism that "they" would use to drag the price floor of a Bitcoin to $1? Who is "they"?

Already did, war of attrition.  Miners will not mine at a loss forever.  They just tank the price on exchanges and then miners either immediately turn off their machines or do a few weeks later.  If you look at things like litecoin hash rate vs price lately, these Chinese are turning on and off machines almost immediately as price fluctuates.  

Once they tank the price on exchanges either with real coins or synthetic derivatives, even if cost of production of a coin was once $10,000, there is no reason to pay that anymore since you can mine a never ending stream of coins as transaction fees for however low they want to tank the cost of production to.  It doesn't take a rocket scientist to figure out that bitcoin has no price floor, does not function as a store of value, and is much easier to destroy by financial manipulation than gold or silver are.

 Does it take a rocket scientist to tell me who "they" are?  Who is going to tank the price to begin this war of attrition?

The same people who dump 2 billion dollars of synthetic gold naked shorts all at once to try and tank gold while the CFTC watches in broad daylight doing nothing about it because it's govt sanctioned.  If govt ever sanctions financial attacks on bitcoin, it will crumple far easier than the metals market due to reasons I already discussed.  But that seems to be the opposite right now.  Right now the govt wants you to buy bitcoin and not buy gold or silver.  The main question you should be asking yourself is why that is.