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

[Deeyoh]

Never got into the whole HW wallet thing. Are they worth it?

Is there any one big significant drawback?

Dont know if worth but,

offline PC with offline Printer and original Wallet works fine for years now.

...if you are not too lazy to type sometimes a few things

I run Armory with watch only accounts. I have a virgin laptop that has never touched the internet for signing transactions offline. I got a ledger and and a Nano Blue earlier this year. I will keep the paper wallets as they are , but I do like the ledger products.

Uggg, don't get me started on Armory.  It's great and very very secure but also very clunky.   I had 2.5 BTC stuck in my Armory wallet for the last 3years. Feb 16th 2014, I put 2.5btc in Armory as a test and set a AES256 encryption password. Welp.. had a lot going on at the time and didn't write the damn password down.  3 years later I finally guessed the password. Haha  yep, 50k dollars is hell of a motivator.    Well as you imagine this a very old version of armory and I didn't have an updated version or BitcoinD running and no way to sync to a database.  I finally exported my wallet keys about 100 of them and had to input each private key to see which one held the btc.

[HairyMaclairy]

Very glad to hear you didn’t lose them after all.  What an enormous relief.

I have used both Trezor and Ledger.  IMHO Trezor is better for Bitcoin only as the device is nicer to use.  Ledger feels a bit cheap with sharp little buttons.  

If you want to store a wide range of coins, then Ledger is better as has much wider support including ERC20 tokens.  

Edit:  the bottom is slowly falling out of BT2 tokens as people realize they are worthless.

[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.

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

Also, you could keep the wallets cold ("watch-only" in Electrum). When you need to move something, sign your transaction on an offline machine, then broadcast them from a live (connected) wallet. But I guess you already know about that.

[Deeyoh]

I'm feeling kinda sorry for all the suckers who invested in Bcash.   I dumped 1k higher than it is now and won't need to touch my BTC for the next 2 years.

[jojo69]

... I didn't have an updated version or BitcoinD running and no way to sync to a database.

Y U no full node brah??

[vapourminer]

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

yup, the 24 word seed is all you need if trezor and ledger both go belly up your coins are safe. just use any bip39 software or hardware wallet and import the seeds.

i have both the trezor and ledger nano s. i like the trezor more but ive had one for years so maybe im just more comfortable with it.  the ledger does support a few more coins than trezor natively. both can do erc20 coins through MEW.

trezor works with any browser, nano s needs chrome, although they are supposedly working on better browser support.

[JayJuanGee]

Very interesting CNBC conversation around Bitcoin and hedge funds.

https://www.cnbc.com/video/2017/12/26/hedge-funds-want-in-on-the-bitcoin-action-heres-why.html

Yep...

Holy moley!!!

This guy has a very conservative presentation of the bitcoin situation, and even how bitcoin might fit into traditional financial thinking - but if you really consider what he is saying, it seems that bitcoin has to do another 5x - 10x before it is going to begin to be treated seriously by traditional investment circles.

[HairyMaclairy]

Breaking 24777$ prediction game      FINAL LIST        

27/12/2017 bikerleszno
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31/12/2017 Raja_MBZ
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03/01/2018 JimboToronto
04/01/2018 d_eddie
05/01/2018 BTCMILLIONAIRE
06/01/2018 HanvanBitcoin
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08/01/2018 savetherainforrest
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10/01/2018 bicoinpsycho
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12/01/2018 speedwheel
13/01/2018 undeadbitcoiner
14/01/2018 northypole
15/01/2018 ivomm
16/01/2018 maca068
17/01/2018 bitcoinvest
18/01/2018 last of the v8s
19/01/2018 mfort312
20/01/2018 1982dre
21/01/2018 flamast2
22/01/2018 RealMachasm
23/01/2018 willope
24/01/2018 kartala
25/01/2018 orpington
26/01/2018 rolling
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
29/01/2018 CristiTCM
30/01/2018 rayX12
31/01/2018 realsteelboy
01/02/2018 twocorn
02/02/2018 mancroofer
03/02/2018 True Myth
04/02/2018 poolminor
05/02/2018 itod
06/02/2018 scheptan
07/02/2018 vapourminer
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11/02/2018 Dunkelheit667
12/02/2018 yonton
13/02/2018 Wekkel
14/02/2018 Thekool1s
15/02/2018 starmman
16/02/2018 Globb0
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
20/02/2018 Paashaas
21/02/2018 flynn
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
25/02/2018 sirazimuth
26/02/2018 Arriemoller
27/02/2018 yonton
28/02/2018 Muttley
01/03/2018 bones261
02/03/2018 heater
03/03/2018 soullyG
04/03/2018 InvoKing
05/03/2018 Notme
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09/03/2018 Roombot
10/03/2018 STT
11/03/2018 badream
13/03/2018 erre
14/03/2018 julian071
15/03/2018 podyx
17/03/2018 fragout
18/03/2018 fabiorem
21/03/2018 dakustaking76
23/03/2018 nikauforest
31/03/2018 vroom
01/04/2018 somac.
02/04/2018 kurious
04/04/2018 fluidjax
05/04/2018 bitcoinbunny
08/04/2018 tyler1890
10/04/2018 ludwigvon
11/04/2018 hairymaclairy
16/04/2018 practicaldreamer
18/04/2018 free-bit.co.in
27/04/2018 drbrockoin
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28/08/2018 bitserve
15/10/2018 Yefi
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31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

MERRY XMAS TO Y'ALL     AND GOOD LUCK

Thank you Mic for such a fabulous and generous competition.  Break a leg y’all. 

[Deeyoh]

... I didn't have an updated version or BitcoinD running and no way to sync to a database.

Y U no full node brah??

Crap internet Brah!  Out in the boonies and use a Verizon Wireless cell phone router.  Get throttled at the 15gb limit.  

[arklan]

... I didn't have an updated version or BitcoinD running and no way to sync to a database.

Y U no full node brah??

Crap internet Brah!  Out in the boonies and use a Verizon Wireless cell phone router.  Get throttled at the 15gb limit. 

Ugh, been there. It's why I stopped mining for a time and shut the full nose down. Need to restart that, don't to think of it.

[HairyMaclairy]

Very interesting CNBC conversation around Bitcoin and hedge funds.

https://www.cnbc.com/video/2017/12/26/hedge-funds-want-in-on-the-bitcoin-action-heres-why.html

Yep...

Holy moley!!!

This guy has a very conservative presentation of the bitcoin situation, and even how bitcoin might fit into traditional financial thinking - but if you really consider what he is saying, it seems that bitcoin has to do another 5x - 10x before it is going to begin to be treated seriously by traditional investment circles.

Which hedge funds did he say were getting involved?  I tried 3 times to catch it but can’t make out the names.  I don’t think he is saying Sequoia?

[jojo69]

... I didn't have an updated version or BitcoinD running and no way to sync to a database.

Y U no full node brah??

Crap internet Brah!  Out in the boonies and use a Verizon Wireless cell phone router.  Get throttled at the 15gb limit.  

oooh, gotcha, OK you are excused

[mr angry]

Very interesting CNBC conversation around Bitcoin and hedge funds.

https://www.cnbc.com/video/2017/12/26/hedge-funds-want-in-on-the-bitcoin-action-heres-why.html

Yep...

Holy moley!!!

This guy has a very conservative presentation of the bitcoin situation, and even how bitcoin might fit into traditional financial thinking - but if you really consider what he is saying, it seems that bitcoin has to do another 5x - 10x before it is going to begin to be treated seriously by traditional investment circles.

It's getting more and more publicity each day. All that publicity will get more and more newcomers investing in bitcoin every day.

There were almost a hundred thousand new members registered on bitcointalk in November this year. During November last year it was closer to ten thousand new members registered. When it's a million new members a month bitcoin will be going mainstream.

[JayJuanGee]

[edited out]

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.

Comes off as selective and even revisionary history to me, and what is so important to you, TeraBeara (aka Terabera), about being supposedly wise and generally correct and supposedly saving WO thread readers from alleged excessive exuberance (whether bullside - which seems to be the usual case that you are addressing - or bearside)?

[Arriemoller]

I'm thinking of putting 50% of my coins in paper wallets, but I have always been worried that the private key won't work when it's time to claim them
Please you who know how these things work, ease my worries.

[HairyMaclairy]

There were almost a hundred thousand new members registered on bitcointalk in November this year. During November last year it was closer to ten thousand new members registered. When it's a million new members a month bitcoin will be going mainstream.

Can you please provide a link where I can see new joiners ?  Thanks in advance. 

[nanobtc]

I'm thinking of putting 50% of my coins in paper wallets, but I have always been worried that the private key won't work when it's time to claim them
Please you who know how these things work, ease my worries.

They work very well, but on it's lowest level, it's just two long strings of characters. Find a way to securely and safely store those two numbers in addition to paper wallets. Paper wallets do not work well in a washing machine, or a fire.

EDIT: To use paper wallets at all, you eventually have to know how to get BTC out. There are two main choices with software wallets. if you IMPORT the private key, it is available in both locations. If you SWEEP the key, it conclusively moves it. A good way to start is put a tiny bit in a paper wallet, then familiarize yourself with sweeping it to a software/hardware wallet. Sweep may be more secure than import, else you can leave several software wallets around with BTC. You need to always secure the software ones. When TX fees are low, flip it around a few times. Then you won't be stressed over moving large amounts someday.

[JayJuanGee]

Now that the forum is completely pessimistic I wouldnt be suprised if it just spiked straight up to 20K like 'Aha! Fooled you. The bear market is off.'

so I see you set yourself up for both ways eh? you should be a cold reader. the credulous folk would see you as a psychic genius...

EXACTLY what these predicting folks try to do.  Predict in both directions, and then try to act as if whatever happens was consistent with what they were predicting all along.  The best posters remain those who condition their predictions and remain humble about correct outcomes.  I really doubt that anyone can predict with more than 80% confidence, and even that is quite high, but yeah, I already understand that a large majority of folks do like to predict in terms of absolutes, even though future outcomes do not work like that (until they become historical events).   

[mr angry]

There were almost a hundred thousand new members registered on bitcointalk in November this year. During November last year it was closer to ten thousand new members registered. When it's a million new members a month bitcoin will be going mainstream.

Can you please provide a link where I can see new joiners ?  Thanks in advance.  

Go to the bottom of this page for the monthly statistics. Expand any month you want to see the weekly new member registration statistics for.

https://bitcointalk.org/index.php?action=stats

[gentlemand]

There were almost a hundred thousand new members registered on bitcointalk in November this year. During November last year it was closer to ten thousand new members registered. When it's a million new members a month bitcoin will be going mainstream.

Can you please provide a link where I can see new joiners ?  Thanks in advance.  

Go to the bottom of this page for the monthly statistics. Expand any month you want to see the weekly new member registration statistics for.

https://bitcointalk.org/index.php?action=stats

You'll know it's mainstream when no one feels the need to join a forum about it. How many Android users are members of Android forums?