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

[Arriemoller]

I just got a message from a lady I know in Georgia USA. She knows I'm into bitcoin and sent me this message. (somewhat altered to protect the innocent).

(my name), what can you tell me about Bit Coin?  I have 90,000 Venezuelan Bolivar roughly 10,000 us according to the exchange converter online... that I want to convert to Bitcoin... then use that account to pay for things in US dollars... Can you tell me how to go about that?

Any advice from any Americans here? I told here I do all my buying and selling in Sweden and have no idea how to do that in Georgia.
I did tell here to download Coinomi and to read up on the net and told here about localbitcoins (and the risk it involves).

[xhomerx10]

WTF?! Somebody wants cheap coins.

edit: lol sorry, I'm watching the charts too closely.

I save myself the apology and just delete  (as long as no quote... too late, lol)

Yeah... I figured I might have excited a few people already  It did push us over 14k on finex though (if ever so briefly)

[gentlemand]

I will pay 20% CGT - but a penny more and they will find out just what a determined bastard I can be.

I seriously doubt they'll bother asking for anything else. For them to want more you'd have to voluntarily hand over hundreds of pages nominating hundreds of trades per day. I'm sure they'll be dead pleased with the CGT windfall and leave it there.

[goggles]

Sorry for posting way off topic this morning, I was in panic mode. I know you guys are always on here, and I appreciate your help. Looks like I actually got my coins back now. (mind blown) I got on this morning to send a transaction, I was watching it on the blockchain, 2 hours later. A separate transaction appeared sending my remaining coins to unknown address. Which turns out, is one of my own hidden addresses. I know change can be sent back to hidden addresses, my understanding is it's always in the same Transaction ID though. This transaction shows on the blockchain with it's own ID but doesn't show in my wallet.

That's the first time I've ever seen a backdoor virus detected on this pc and I definitely did not turn defender off myself. Maybe that's just a coincidence and it was leading to draw the wrong conclusions. I dunno. I did a format and reinstall of windows 3 days ago because windows was reporting corrupt system files when trying to update. I've only installed programs I consider trustworthy since, so I'm really surprised to find a backdoor got on here. Anyway, think I'm going to take a nap when my blood pressure returns to normal.

[xhomerx10]

Sorry for posting way off topic this morning, I was in panic mode. I know you guys are always on here, and I appreciate your help. Looks like I actually got my coins back now. (mind blown) I got on this morning to send a transaction, I was watching it on the blockchain, 2 hours later. A separate transaction appeared sending my remaining coins to unknown address. Which turns out, is one of my own hidden addresses. I know change can be sent back to hidden addresses, my understanding is it's always in the same Transaction ID though. This transaction shows on the blockchain with it's own ID but doesn't show in my wallet.

That's the first time I've ever seen a backdoor virus detected on this pc and I definitely did not turn defender off myself. Maybe that's just a coincidence and it was leading to draw the wrong conclusions. I dunno. I did a format and reinstall of windows 3 days ago because windows was reporting corrupt system files when trying to update. I've only installed programs I consider trustworthy since, so I'm really surprised to find a backdoor got on here. Anyway, think I'm going to take a nap when my blood pressure returns to normal.

 Whew.
Still, get a Trezor.

[d_eddie]

Sorry for posting way off topic this morning, I was in panic mode. I know you guys are always on here, and I appreciate your help. Looks like I actually got my coins back now. (mind blown) I got on this morning to send a transaction, I was watching it on the blockchain, 2 hours later. A separate transaction appeared sending my remaining coins to unknown address. Which turns out, is one of my own hidden addresses. I know change can be sent back to hidden addresses, my understanding is it's always in the same Transaction ID though. This transaction shows on the blockchain with it's own ID but doesn't show in my wallet.

That's the first time I've ever seen a backdoor virus detected on this pc and I definitely did not turn defender off myself. Maybe that's just a coincidence and it was leading to draw the wrong conclusions. I dunno. I did a format and reinstall of windows 3 days ago because windows was reporting corrupt system files when trying to update. I've only installed programs I consider trustworthy since, so I'm really surprised to find a backdoor got on here. Anyway, think I'm going to take a nap when my blood pressure returns to normal.

Wheeeew!!!
Some celebration is in order, methinks. Pull out the good stuff! 

[lightfoot]

Yeah, Trezor. My only question there is what happens if they get hacked, and is there a way to run your own trezor server on your own system (so you don't every have to depend on the Trezor company to be in business)?

[svdleer]

https://www.youtube.com/watch?v=30FKrP6BrnI&feature=youtu.be

These odd transactions multiple people are reporting about today

[txtravwill]

Yeah, Trezor. My only question there is what happens if they get hacked, and is there a way to run your own trezor server on your own system (so you don't every have to depend on the Trezor company to be in business)?

They provide data/application service for the devices but never your keys.  So they could recover.  But if they did dissapear ever, you need to always write down your private key, i.e. 12 words or more so you could recover to another type of device or wallet.

[AlcoHoDL]

Yeah, Trezor. My only question there is what happens if they get hacked, and is there a way to run your own trezor server on your own system (so you don't every have to depend on the Trezor company to be in business)?

No need to worry. If the TREZOR company goes bust, just enter your seed in a Ledger. They are compatible. It's a standard. There will always be a way to get to your coins from your seed. Plus, the servers of these companies don't know (and can't know, by design) your seed or your private keys.

[goggles]

Sorry for posting way off topic this morning, I was in panic mode. I know you guys are always on here, and I appreciate your help. Looks like I actually got my coins back now. (mind blown) I got on this morning to send a transaction, I was watching it on the blockchain, 2 hours later. A separate transaction appeared sending my remaining coins to unknown address. Which turns out, is one of my own hidden addresses. I know change can be sent back to hidden addresses, my understanding is it's always in the same Transaction ID though. This transaction shows on the blockchain with it's own ID but doesn't show in my wallet.

That's the first time I've ever seen a backdoor virus detected on this pc and I definitely did not turn defender off myself. Maybe that's just a coincidence and it was leading to draw the wrong conclusions. I dunno. I did a format and reinstall of windows 3 days ago because windows was reporting corrupt system files when trying to update. I've only installed programs I consider trustworthy since, so I'm really surprised to find a backdoor got on here. Anyway, think I'm going to take a nap when my blood pressure returns to normal.

Wheeeew!!!
Some celebration is in order, methinks. Pull out the good stuff! 

On a sour note, the second attempt to double spend that transaction I send a .1 btc fee. A little overkill, lmao. Of course that's the one that went through. Miners are making a killing today.

[RejectedBanana]

Bitcoin was a $5-10 billion market at most in late 2013, concentrated on a handful of exchanges, most infamously Mt Gox, which was manipulated by Karpeles' Willie bot followed by the catastrophic loss of Bitcoin and collapse of the whole exchange and fragile ecosystem. You know this, Tera.

Bitcoin is now at least a $200B market cap by itself and has established itself as the trading foundation of an overall crypto market of half a trillion and is even legal tender in Japan of all places, in spite of Mt Gox. There are hundreds of exchanges in dozens of countries and massive infrastructure and overhead now invested in Bitcoin's future. Sure there are many who want to see it fail, mainly governments, regulators and old-school investors, but there are now far too many devoted to seeing it succeed.

I understand the importance of chronic unease and cautious optimism in such a volatile investment. But now it just seems you are just trying to incite doom and gloom, you are trying to instill fear, uncertainty and doubt, you are searching for patterns to corroborate your... hope, is it?? Hope that Bitcoin will continue to fall?  Because it doesn't just seem like fear driving your prognostications. It actually seems like you seriously hoping Bitcoin will stumble and fall into a multi-year bear market and retest old lows. Is this all stemming from regret? Regret that you didn't buy enough to exit this whole game by now and the hope that you can scoop up some more cheap coin?

Rough patches remain ahead, no doubt, but the days of $300 or $3000 coin are Christmas past.

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.

How is this TA?

I see this is as the most realistic shape if there is going to be another bubble. Not months, years. The shape looks good at this will time for the USD to take over from China and for the coders to fix the throughput issues.

[nikauforest]

Yeah, Trezor. My only question there is what happens if they get hacked, and is there a way to run your own trezor server on your own system (so you don't every have to depend on the Trezor company to be in business)?

No need to worry. If the TREZOR company goes bust, just enter your seed in a Ledger. They are compatible. It's a standard. There will always be a way to get to your coins from your seed. Plus, the servers of these companies don't know (and can't know, by design) your seed or your private keys.

Which HW wallets do you like more? I have a ledger and have not used a Trezor.

[xhomerx10]

Sorry for posting way off topic this morning, I was in panic mode. I know you guys are always on here, and I appreciate your help. Looks like I actually got my coins back now. (mind blown) I got on this morning to send a transaction, I was watching it on the blockchain, 2 hours later. A separate transaction appeared sending my remaining coins to unknown address. Which turns out, is one of my own hidden addresses. I know change can be sent back to hidden addresses, my understanding is it's always in the same Transaction ID though. This transaction shows on the blockchain with it's own ID but doesn't show in my wallet.

That's the first time I've ever seen a backdoor virus detected on this pc and I definitely did not turn defender off myself. Maybe that's just a coincidence and it was leading to draw the wrong conclusions. I dunno. I did a format and reinstall of windows 3 days ago because windows was reporting corrupt system files when trying to update. I've only installed programs I consider trustworthy since, so I'm really surprised to find a backdoor got on here. Anyway, think I'm going to take a nap when my blood pressure returns to normal.

Wheeeew!!!
Some celebration is in order, methinks. Pull out the good stuff! 

On a sour note, the second attempt to double spend that transaction I send a .1 btc fee. A little overkill, lmao. Of course that's the one that went through. Miners are making a killing today.

 Okay, better save the good stuff for another day

[Deeyoh]

Had my Trezors since early 2015 and they have been sitting on my desk behind my monitor for the past 2 years collecting dust.   Needless to say, I got out of the crypto scene and just focused on work until this year.   Never even took them out of the little boxes until I saw in Dec 17 that the price of btc hit 19k !

After cleaning the dust off the boxes, you know I was kind of nervous because I haven't even plugged them in almost 2 years.  Wondered if the little display would work and so forth.  I have my seeds so was no big deal.   Well, plugged the first one in and voila worked like a champ but needed updates badly... was on like ver 1.2 or earlier.   Unplugged and held both buttons down and plugged back in.  Updated flawlessly.  Same with the 2nd one.

There was all my BTC and what the heck there's BCH/BitcoinGold ready to be split in their nice little tool.   Split both coins and sent them to exchanges to be exchanged.

[kurious]

I will pay 20% CGT - but a penny more and they will find out just what a determined bastard I can be.

I seriously doubt they'll bother asking for anything else. For them to want more you'd have to voluntarily hand over hundreds of pages nominating hundreds of trades per day. I'm sure they'll be dead pleased with the CGT windfall and leave it there.

I agree. Thankfully, HMRC isn't like the US IRS - I know them, I used to live in NYC and the IRS can get nasty.

It's likely they will accept CGT, IMO, yep.  I truthfully don't know all of my trades in any case - what with Gox, Cryptsy and originally buying BTC via OK Pay to Japan etc... I just didn't have (and cannot now get) records of all purchases and certainly cannot work out all crypto trading stuff for the past five years.

But BTC bought is possible to (mostly) prove and BTC sold, I am not hiding.

It's: 'I put this in, and I have taken this out - here are my bank records'. I didn't take a penny out until this tax year anyway.

20% is not so bad, I can live with that (and it's totally honest - I have no need to hide stuff).  My accountant says they can go for 'you're a trader' but I think they won't - I didn't live off it, until recently I couldn't have.

If they get shitty, I can afford a very good team of lawyers, I will be a serious pain in their rear end.  I am volunteering payment, why would they bother?

[Arriemoller]

Sorry for posting way off topic this morning, I was in panic mode. I know you guys are always on here, and I appreciate your help. Looks like I actually got my coins back now. (mind blown) I got on this morning to send a transaction, I was watching it on the blockchain, 2 hours later. A separate transaction appeared sending my remaining coins to unknown address. Which turns out, is one of my own hidden addresses. I know change can be sent back to hidden addresses, my understanding is it's always in the same Transaction ID though. This transaction shows on the blockchain with it's own ID but doesn't show in my wallet.

That's the first time I've ever seen a backdoor virus detected on this pc and I definitely did not turn defender off myself. Maybe that's just a coincidence and it was leading to draw the wrong conclusions. I dunno. I did a format and reinstall of windows 3 days ago because windows was reporting corrupt system files when trying to update. I've only installed programs I consider trustworthy since, so I'm really surprised to find a backdoor got on here. Anyway, think I'm going to take a nap when my blood pressure returns to normal.

Congratulations!!

[RejectedBanana]

Yeah, Trezor. My only question there is what happens if they get hacked, and is there a way to run your own trezor server on your own system (so you don't every have to depend on the Trezor company to be in business)?

No need to worry. If the TREZOR company goes bust, just enter your seed in a Ledger. They are compatible. It's a standard. There will always be a way to get to your coins from your seed. Plus, the servers of these companies don't know (and can't know, by design) your seed or your private keys.

You can recover your Trezor/Ledger seeds in Electrum, too. First thing I tested when I got mine. Offline of course.

[jojo69]

Yeah, Trezor. My only question there is what happens if they get hacked, and is there a way to run your own trezor server on your own system (so you don't every have to depend on the Trezor company to be in business)?

pretty sure if you have your BIP39 seed you are good

[afbitcoins]

Sorry for posting way off topic this morning, I was in panic mode. I know you guys are always on here, and I appreciate your help. Looks like I actually got my coins back now. (mind blown) I got on this morning to send a transaction, I was watching it on the blockchain, 2 hours later. A separate transaction appeared sending my remaining coins to unknown address. Which turns out, is one of my own hidden addresses. I know change can be sent back to hidden addresses, my understanding is it's always in the same Transaction ID though. This transaction shows on the blockchain with it's own ID but doesn't show in my wallet.

That's the first time I've ever seen a backdoor virus detected on this pc and I definitely did not turn defender off myself. Maybe that's just a coincidence and it was leading to draw the wrong conclusions. I dunno. I did a format and reinstall of windows 3 days ago because windows was reporting corrupt system files when trying to update. I've only installed programs I consider trustworthy since, so I'm really surprised to find a backdoor got on here. Anyway, think I'm going to take a nap when my blood pressure returns to normal.

Thank fuck for that. Get yourself a linux partition to start with.