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

[HairyMaclairy]

Stupid question - how do you get Armory onto the clean install?  Another USB stick with verified checksum?

[lightfoot]

Then soak it in petrol and set it ablaze after you do the deed ...just to be sure ....

Don't forget the being naked while using it part.

Indeed. Those dry cleaning people are fond of putting microdot cameras on your clothes, powered by static electricity.

But where people really blow it is failing to do an enema before entering the room with the computer. Because you know what kind of people proctologists are, and they have been known to sneak into people's bedrooms at night to plant their malware....

Colon blow: It's not just for breakfast anymore...

C

[jojo69]

Stupid question - how do you get Armory onto the clean install?  Another USB stick with verified checksum?

yeah

[sirazimuth]

Then soak it in petrol and set it ablaze after you do the deed ...just to be sure ....

Don't forget the being naked while using it part.

Lmao.... seriously..!

[gentlemand]

Indeed. Those dry cleaning people are fond of putting microdot cameras on your clothes, powered by static electricity.

But where people really blow it is failing to do an enema before entering the room with the computer. Because you know what kind of people proctologists are, and they have been known to sneak into people's bedrooms at night to plant their malware....

C

That goes without saying of course.

But I start off with a similar routine to this - https://www.youtube.com/watch?v=d1vw7E7uE3E

With a full removal of gut flora followed by a fecal transplant when my crypto business is complete.

[the artful bodger]

Then soak it in petrol and set it ablaze after you do the deed ...just to be sure ....

Don't forget the being naked while using it part.

You missed out the with a sheet over his head part.

[bitserve]

Try to use the Via BTC accelerator

https://pool.viabtc.com/tools/txaccelerator/

Sorry, your TXID doesn't exist  when I use accelerator.

How were your funds stolen?

Windows 10, I just did a fresh install a few days ago. I haven’t installed much other then btc, Ltd, ripple wallet. Not sure how I got a virus. It turned off windows defender and I only saw it detected a virus when I turned it back on. This is after I already noticed my coins moving on the blockchain. I don’t keep wallets on on my pc but I had them on for a min earlier today to move some coins.

That's what hardware wallets are for... to NEVER let your regular computer know your private keys not even for a brief second (which people with paperwallets will have to do when they decide to claim them).

Unfortunately that advice is of not much help for your recent incident now

[Deeyoh]

Hmm, still 20 billion left to throw in.   That should move it up another 750.

PS.. always be naked when messing around with bitcoin wallets.

[Rosewater Foundation]

Try to use the Via BTC accelerator

https://pool.viabtc.com/tools/txaccelerator/

Sorry, your TXID doesn't exist  when I use accelerator.

How were your funds stolen?

Windows 10, I just did a fresh install a few days ago. I haven’t installed much other then btc, Ltd, ripple wallet. Not sure how I got a virus. It turned off windows defender and I only saw it detected a virus when I turned it back on. This is after I already noticed my coins moving on the blockchain. I don’t keep wallets on on my pc but I had them on for a min earlier today to move some coins.

That's what hardware wallets are for... to NEVER let your regular computer know your private keys not even for a brief second (which people with paperwallets will have to do when they decide to claim them).

Unfortunately that advice is of not much help for your recent incident now

My hardware wallet makes about as much sense to me as a verified checksum makes to my ass doctor. Plan on getting a second one just so's I don't have to update the one I have.

[sirazimuth]

Try to use the Via BTC accelerator

https://pool.viabtc.com/tools/txaccelerator/

Sorry, your TXID doesn't exist  when I use accelerator.

How were your funds stolen?

Windows 10, I just did a fresh install a few days ago. I haven’t installed much other then btc, Ltd, ripple wallet. Not sure how I got a virus. It turned off windows defender and I only saw it detected a virus when I turned it back on. This is after I already noticed my coins moving on the blockchain. I don’t keep wallets on on my pc but I had them on for a min earlier today to move some coins.

That's what hardware wallets are for... to NEVER let your regular computer know your private keys not even for a brief second (which people with paperwallets will have to do when they decide to claim them).

Unfortunately that advice is of not much help for your recent incident now

Um, read his latest post. Its all good man...

[Dunkelheit667]

^^^^
You're intuition is spot on.

Also, power prices in Germany (and other Euro countries) going negative? So why aren't more Bitcoin miners setting up shop there?
https://www.nytimes.com/2017/12/25/business/energy-environment/germany-electricity-negative-prices.html

Warmist propaganda.
Germany has one of the highest price of electricity in Europe

Because 'customers' pay a fixed rate. Typically ~ 33 US cent / kWh, taxes, transportation fees (really), regional fees (regions with weaker infrastructure pay more), ecology fees (to pay people feeding power in from solar panels) and... more stuff... Selling prices are not really influenced by purchase/production costs. Long story short, mining will pay-off only if you have your own solar park and the sun is shining.

[bitserve]

Haha, now this is choice.
http://www.businessinsider.com/ethereum-founder-threatens-to-leave-if-the-crypto-community-doesnt-grow-up-2017-12

Vitalik Buterin goes on a rant pointing out all that is currently wrong with the crypto world, as well as admitting what goals Ethereum and other cryptos haven't yet accomplished.

But then he threatens to leave the Ethereum project because of it. Which inadvertently highlights another fallacy: how important he supposedly believes he is to the Ethereum project, or that a decentralized cryptocurrency should have ever had a CEO/Lead creator/developer in the first place.    

Also, it's pretty ironic that the MSM want to use the analogy of Beanie Babies when referring to Bitcoin. But the CryptoKitties dapp is literally a digital version of Beanie Babies reincarnate. But of course they don't say shit about that.

He wants the Crypto community to grow up whilst he posts a pic of himself in which he looks about 12 years old?

... Whilst threatening to rage quit as a crying child would do because of trolls are being just trolls.

[xhomerx10]

^^^^
You're intuition is spot on.

Also, power prices in Germany (and other Euro countries) going negative? So why aren't more Bitcoin miners setting up shop there?
https://www.nytimes.com/2017/12/25/business/energy-environment/germany-electricity-negative-prices.html

Warmist propaganda.
Germany has one of the highest price of electricity in Europe

Because 'customers' pay a fixed rate. Typically ~ 33 US cent / kWh, taxes, transportation fees (really), regional fees (regions with weaker infrastructure pay more), ecology fees (to pay people feeding power in from solar panels) and... more stuff... Selling prices are not really influenced by purchase/production costs. Long story short, mining will pay-off only if you have your own solar park and the sun is shining.

...or if you make a deal with somebody who will mine for you at a better electricity rate. 

[criptix]

^^^^
You're intuition is spot on.

Also, power prices in Germany (and other Euro countries) going negative? So why aren't more Bitcoin miners setting up shop there?
https://www.nytimes.com/2017/12/25/business/energy-environment/germany-electricity-negative-prices.html

Warmist propaganda.
Germany has one of the highest price of electricity in Europe

https://1-stromvergleich.com/medien/electricity-prices-europe-1.png

Because 'customers' pay a fixed rate. Typically ~ 33 US cent / kWh, taxes, transportation fees (really), regional fees (regions with weaker infrastructure pay more), ecology fees (to pay people feeding power in from solar panels) and... more stuff... Selling prices are not really influenced by purchase/production costs. Long story short, mining will pay-off only if you have your own solar park and the sun is shining.

Exactly the usualy private customer pays 0,23 €/kwh - we basically pay the electricity for the big companies which pay around 0,10 € or less to be competitive  

[Rosewater Foundation]

Haha, now this is choice.
http://www.businessinsider.com/ethereum-founder-threatens-to-leave-if-the-crypto-community-doesnt-grow-up-2017-12

Vitalik Buterin goes on a rant pointing out all that is currently wrong with the crypto world, as well as admitting what goals Ethereum and other cryptos haven't yet accomplished.

But then he threatens to leave the Ethereum project because of it. Which inadvertently highlights another fallacy: how important he supposedly believes he is to the Ethereum project, or that a decentralized cryptocurrency should have ever had a CEO/Lead creator/developer in the first place.    

Also, it's pretty ironic that the MSM want to use the analogy of Beanie Babies when referring to Bitcoin. But the CryptoKitties dapp is literally a digital version of Beanie Babies reincarnate. But of course they don't say shit about that.

He wants the Crypto community to grow up whilst he posts a pic of himself in which he looks about 12 years old?

... Whilst threatening to rage quit as a crying child would do because of trolls are being just trolls.

ETH is an exploding clown car. So now he cares? There isn't a worthwhile dApp now, and there wasn't even the hint of one when he created this mess. It has no use case. It never did. He should feel bad.

[criptix]

Haha, now this is choice.
http://www.businessinsider.com/ethereum-founder-threatens-to-leave-if-the-crypto-community-doesnt-grow-up-2017-12

Vitalik Buterin goes on a rant pointing out all that is currently wrong with the crypto world, as well as admitting what goals Ethereum and other cryptos haven't yet accomplished.

But then he threatens to leave the Ethereum project because of it. Which inadvertently highlights another fallacy: how important he supposedly believes he is to the Ethereum project, or that a decentralized cryptocurrency should have ever had a CEO/Lead creator/developer in the first place.    

Also, it's pretty ironic that the MSM want to use the analogy of Beanie Babies when referring to Bitcoin. But the CryptoKitties dapp is literally a digital version of Beanie Babies reincarnate. But of course they don't say shit about that.

He wants the Crypto community to grow up whilst he posts a pic of himself in which he looks about 12 years old?

... Whilst threatening to rage quit as a crying child would do because of trolls are being just trolls.

ETH is an exploding clown car. So now he cares? There isn't a worthwhile dApp now, and there wasn't even the hint of one when he created this mess. It has no use case. It never did. He should feel bad.

missing the boat and didnt buy ETH at sub 10 $?  

[Rosewater Foundation]

Haha, now this is choice.
http://www.businessinsider.com/ethereum-founder-threatens-to-leave-if-the-crypto-community-doesnt-grow-up-2017-12

Vitalik Buterin goes on a rant pointing out all that is currently wrong with the crypto world, as well as admitting what goals Ethereum and other cryptos haven't yet accomplished.

But then he threatens to leave the Ethereum project because of it. Which inadvertently highlights another fallacy: how important he supposedly believes he is to the Ethereum project, or that a decentralized cryptocurrency should have ever had a CEO/Lead creator/developer in the first place.    

Also, it's pretty ironic that the MSM want to use the analogy of Beanie Babies when referring to Bitcoin. But the CryptoKitties dapp is literally a digital version of Beanie Babies reincarnate. But of course they don't say shit about that.

He wants the Crypto community to grow up whilst he posts a pic of himself in which he looks about 12 years old?

... Whilst threatening to rage quit as a crying child would do because of trolls are being just trolls.

ETH is an exploding clown car. So now he cares? There isn't a worthwhile dApp now, and there wasn't even the hint of one when he created this mess. It has no use case. It never did. He should feel bad.

missing the boat and didnt buy ETH at sub 10 $?  

I saw that boat. I chose to stay in this one. No big woop.

[smartcomet]

Why Bitcoin dip today, just before the Segwit2X hard fork? Normally, a fork only rises the Bitcoin price.

And the price of SegWit2x in https://coinmarketcap.com/currencies/segwit2x/#markets also drops heavily.

Please be reminded that this fork is not the real Segwit2x! This has nothing to do with the cancelled fork that happened this november. You can check the developers of this coin, this is just another altcoin that cloned the blockchain of bitcoins much like bitcoin cash, bitcoin gold, bitcoin diamond, or whatever scam bitcoin fork that happened in the past.

This could have not been the reason of the price drop of bitcoins. The recent drop was clearly due to the correction of the price and not this poser coin. Do not be fooled by this coin.

You all can check this out, https://blog.drhack.net/segwit2x-28-december-scam/

Not the most reliable source of news, but it has a lot of indisputable proof so you can check the facts yourselves. This is a scam coin indeed.

[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.

You should be making the paper wallets on an offline computer. Nothing prevents you from testing the private keys on a wallet like electrum, on that offline computer.

Thanks, the computer will be offline  while I'm making the wallets, but it's not a computer that's offline usually.

the computer where you create the keypair needs to be an ABSOLUTELY SECURE ENVIRONMENT, linux distro with verified checksum that NEVER touches the web.

But I have to go online to download the site/program that creates the wallets.

[bitserve]

snip

Buying and selling dash is not a taxable event for you? How is that?

Well I understood you pay captial gains when there is a fiat gain in value at the time when you dispose it, ie sell it for fiat. I'm in the UK. I hope I got that right. If I have to proof every single trade between Dash and Bitcoin or whatever other crypto I don't know how on earth I could even start to do that   Some exchanges I have used no longer even exist.

Let's see the rationale for why it is a tax event with an example:

- You hold 1 BTC you bought for $1000
- Some time later you decide to buy dash
- Dash at that time has a "fair market price" of ie $100 whilst BTC is not at $5000
- If you were to buy 50 dash with FIAT for $5000 that would NOT be a taxable event (you need to take note and keep records of the buy though, for the future).
- But you instead decide to use the 1 BTC to buy the 50 dash. So, in effect, you have "SOLD" your 1 BTC at currently HIGHER price than what you bought it. You have had a realized $4900 cap gain that you "should" report -because that's not automaticly reported- and pay for it.

SO it is no different than just selling the BTC and using it for any other spendings/investments.

Of course you can choose not to report it. Maybe they will find out or not. It also depends on how much we are talking about, etc etc.... Oh, and if some day those dash skyrocket and you sell them.... How are you gonna prove when and how did you bought it in the first place? With which money? Oh, it was with BTC you "sold" but didn't report... hmmmm....

It sucks yeah....