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

[nanobtc]

This one https://amzn.to/2unbgwr ? I’m gunna start loading up now, I just have a feeling like we’re not gunna see the lows all these so called “experts” are claiming. I’m not waiting any more.

That's the model, but as mentioned, it's always better to purchase from the manufacturer  https://www.ledgerwallet.com/  The extra doodads from that Amazon seller are nice, but realistically add up to pennies. There's been several resellers that sold "pre-initialized" devices (not saying this seller is one). At least for a Ledger Nano S, it's easy to completely blow it away and start over. When you buy it from the manufacturer, that's what you're doing anyway. If it comes with a list of words, no matter how professional or laminated, you are being scammed.

The 'archival pen' sounds nifty, tuff and bitchen, but a better way, is to keep it in a text file, on multiple encrypted USB keys at various places in your life. Keep your 24 words on there. While you're going to that (minimal) trouble, put other stuff on there. Copies of drivers license, paycheck stubs, credit card numbers, insurance info, phone list, prescriptions, car/house info. If your house gets robbed, and the paper copy of the recovery seed gets stolen? Now you have to beat them to it, on moving everything somewhere else before they do.

RF Shield? Use aluminum foil. Best worn on the head.

[Rosewater Foundation]

wait, doesn't the Trezor stuff you in segwit addys?

You can chose legacy or segwit, even within the same wallet to have two divisions and to be able to view overall balance or the balance of the separate formats.

I am pretty sure that if you seed a trezor with a wallet that you already have, then it will keep the same format, and you can view each of the locations... and move coins between segwit or legacy addresses too, to the extent that you feel more comfortable with one versus another or some combination.

This is a very good post. I had no idea you had such technical insights. My bad.

Yeah right.  Sounds a bit patronizing.

I was just describing my experience with the Trezor, not very technical at all.

I knew you would think I was patronizing you. Why is everybody so cynical and paranoid all of a sudden?

[JayJuanGee]

What should I buy, the trezor https://amzn.to/2NdhnKE or save some money and get this keypay wallet https://amzn.to/2ulIMmQ ?

I have been dabbling with Ledger Nano S. It handles many currencies. For a long time it's only direct connection was with  Electrum on Tails Linux (very good) or Chromium plugin on Chrome (less good). They recently released a standalone Linux client for it (very good).

One feature I like, is that you can add a second password, for a second amount. Plausible deniability.

This one https://amzn.to/2unbgwr ? I’m gunna start loading up now, I just have a feeling like we’re not gunna see the lows all these so called “experts” are claiming. I’m not waiting any more.

Even if I largely agree with you that the bottom could be in.  There certainly is no certainty in that, and therefore, it is still good to buy incrementally.  Let's say that you have $10k that you want to buy with.  You might by 1/3 right now ($3,333) and then strategize with the remaining funds ($6,667).  But do whatever suits your personal situation including finances, expectations, risk tolerance and timeline.

[xhomerx10]

wait, doesn't the Trezor stuff you in segwit addys?

You can chose legacy or segwit, even within the same wallet to have two divisions and to be able to view overall balance or the balance of the separate formats.

I am pretty sure that if you seed a trezor with a wallet that you already have, then it will keep the same format, and you can view each of the locations... and move coins between segwit or legacy addresses too, to the extent that you feel more comfortable with one versus another or some combination.

This is a very good post. I had no idea you had such technical insights. My bad.

Yeah right.  Sounds a bit patronizing.

I was just describing my experience with the Trezor, not very technical at all.

I knew you would think I was patronizing you. Why is everybody so cynical and paranoid all of a sudden?

[RayX12]

Looks like the last dump, the last four hours, has been met by a large buyer.

Go Bitcoin Go!

[JayJuanGee]

wait, doesn't the Trezor stuff you in segwit addys?

You can chose legacy or segwit, even within the same wallet to have two divisions and to be able to view overall balance or the balance of the separate formats.

I am pretty sure that if you seed a trezor with a wallet that you already have, then it will keep the same format, and you can view each of the locations... and move coins between segwit or legacy addresses too, to the extent that you feel more comfortable with one versus another or some combination.

This is a very good post. I had no idea you had such technical insights. My bad.

Yeah right.  Sounds a bit patronizing.

I was just describing my experience with the Trezor, not very technical at all.

I knew you would think I was patronizing you. Why is everybody so cynical and paranoid all of a sudden?

I just needed something to lash out at, and you seemed convenient.   

[HairyMaclairy]

As noted above, Segwit is default setting on Trevor but you can open legacy addresses.  You only get “forced” onto Segwit if you don’t understand what you are doing.

Whether people who don’t know what they are doing should be defaulted to Segwit is an interesting debate.  I would be inclined to go with “yes”. 

[Rosewater Foundation]

As noted above, Segwit is default setting on Trevor but you can open legacy addresses.  You only get “forced” onto Segwit if you don’t understand what you are doing.

Ok, now who's Trevor? Should I update my list?

Edit: updated

[yefi]

Here's a short-list of posters that frighten me:

PoolMiner
HairyMaclairy
LastOfTheV8's
Bob
Nanobtc
MajorMax
Anon136
Theymos is (still) sort of iffy

Updated. This list is subject to change without notice.

What's so frightening about them may I ask?

[Hueristic]

Has anyone noticed how Dash has been the bellweather for many recent market moves? It seems to precede the Bicoin turns by anywhere from a minute to two hours. Dash has a tiniy market cap and paper thin volume, so this should not be the case, IMO.

Of course, you would come back to this thread to bring up some stupid-ass cock-a-mie off-topic alt-coin pumping theory that makes little to no sense, except for yourself to attempt to suggest that the tail is wagging the dog rather than the other way around.  go figure?  

By the way, how is the sale of all your BTC in the $200s going and subsequent attempt to short (and pump your short) at $500?  

Were you smart enough to get back in at some point prior to $19k?

Oooo that just sounds painful. Ouch

BJA has a fairly interesting history, for a seeming bitcoin OG that has also been talking his book, and really trying to get others to follow him in his selling and/or shorting.  He had admitted it several times, too, but he also admitted a few times when he had taken pretty strong positions and got rekt pretty bad, too... which is sad - but utlmately stupid since he was trying to act like he was the smartest person in the room when he was taking some of those positions.

He also has a pretty famous quote in the "new gentlemen elite thread" in 2011, where he said he was going to ride this pig (referring to bitcoin) wherever it takes him - but then again, he soon did not even follow his own supposed bullish statement.

So, it does seem that he is the same account, but you really cannot tell for sure if someone bought out the account, either.

Ahh, Context is everything! thanks for the recap.

Has anyone noticed how Dash has been the bellweather for many recent market moves? It seems to precede the Bicoin turns by anywhere from a minute to two hours. Dash has a tiniy market cap and paper thin volume, so this should not be the case, IMO.

Of course, you would come back to this thread to bring up some stupid-ass cock-a-mie off-topic alt-coin pumping theory that makes little to no sense, except for yourself to attempt to suggest that the tail is wagging the dog rather than the other way around.  go figure?  

By the way, how is the sale of all your BTC in the $200s going and subsequent attempt to short (and pump your short) at $500?  

Were you smart enough to get back in at some point prior to $19k?

Oooo that just sounds painful. Ouch

BJA has a fairly interesting history, for a seeming bitcoin OG that has also been talking his book, and really trying to get others to follow him in his selling and/or shorting.  He had admitted it several times, too, but he also admitted a few times when he had taken pretty strong positions and got rekt pretty bad, too... which is sad - but utlmately stupid since he was trying to act like he was the smartest person in the room when he was taking some of those positions.

He also has a pretty famous quote in the "new gentlemen elite thread" in 2011, where he said he was going to ride this pig (referring to bitcoin) wherever it takes him - but then again, he soon did not even follow his own supposed bullish statement.

So, it does seem that he is the same account, but you really cannot tell for sure if someone bought out the account, either.

I got in because I loved the economics of Bitcoin. I'm an econogeek, not a technogeek. I never suspected there would be a transaction capacity issue. Then I came to the conclusion that it was a governance issue and the blocksize thing was just a symptom.  My rekt trading positions as it turned out didn't matter too much because Bitfinex stole 1/3 of my account anyway when they got "hacked". I actually lucked out because it took so long to recover my private keys from an obsolete wallet.dat file that the price blew sky high. Of course i still sold too much too early, but I had forgotten about the coins in about a half dozen exchanges that i had scattered around to diversify my risk. sold them too eventually.  I actually felt like a chump at the top thinking "what the hell am I going to do with all this depreciating fiat?"

I loved Bitcoin, but it's MySpace. I'm looking for the FaceBook of crypto. Bitcoin was pioneering, but a pioneer is a guy lying face down in a pool of his own blood with arrows in his back.  it's something to learn from.  

Have a merit for the honesty.

Then I came to the conclusion that it was a governance issue and the blocksize thing was just a symptom.  

Yeah, of course, attacks on bitcoin.  If you are still harping on governance, then you are still harping on attacking bitcoin and failing/refusing to accept bitcoin for what  it is and instead trying to prescribe your own  narrow vision on it.

Well in all fairness there is no governance that is perfect but I your going to shill dash then that is the last thing you want to harp on!!!

Jesus this thread, 10 pages to go all ready today. fuck.

All you kids wanting to get in on the ground floor of something big.  Its not too late.  You have about a year to build your Bitcoin holdings.  Chasing shitcoin pumps is going to get you nowhere. 

Well this is not really true there is no more 50X a year coming and there are some shitcoins that will manage that.

[mymenace]

Here's a short-list of posters that frighten me:

PoolMiner
HairyMaclairy
LastOfTheV8's
Bob
Nanobtc
MajorMax
Anon136
Theymos is (still) sort of iffy

Updated. This list is subject to change without notice.

What's so frightening about them may I ask?

Nothing

Just be wary of members who know hardly anything about why the bitcoin blockchain is essential in the currency war against the centrally controlled banks

[Rosewater Foundation]

What's so frightening about them may I ask?

Xenophobia mostly. Strangers have pathogens I have no immunity to. Also, I suspect they are all j00s.

[Rosewater Foundation]

[JayJuanGee]

All you kids wanting to get in on the ground floor of something big.  Its not too late.  You have about a year to build your Bitcoin holdings.  Chasing shitcoin pumps is going to get you nowhere.  

Well this is not really true there is no more 50X a year coming and there are some shitcoins that will manage that.

I would prefer to frame the matter in terms of a pump period, rather than in terms of a year, and in the past pump period, from about October 2015 to December 2017 (26 months), we got about a 78x price appreciation.  

Now if our next pump period takes us from $6k to $300k, then that would be a 50x price appreciation for that pump period... It might not be completely expected, but it remains possible.

I personally get a bit offended when folks decide to "invest" in other coins because they believe them to be more easy to pump 50x or some other similar quantity.  Even though I get a bit offended, I understand that is the way of the world, so I accept it as it is, so there are all kinds of goofballs who are going to make killings of money by participating in pump and dumps and other scams, but I am personally not going to spend my time or energies to sink to such lambo chasing ventures.. when there are more honorable ways to invest and to make money, and I can already by my "lambo equivalent" with my already gotten bitcoin profits, if I were to want to buy such.. and I believe that my investment in bitcoin continues to be sound and a good investment - even though I am also prepared to transfer (or diversify) my investment into some other coin or project, if such a thing were to come about.  Currently, I do not see any such projects, and in my view, since we were also talking about dash (in regards to BJA's latest pump attempts), dash is also not that thing (I recognize that you seem to agree about that, but you might be more inclined towards getting involved in some other shit coins, no?).  

[Anon136]

My coins all got placed in segwit addresses when I moved them to a new Trezor.

This.

that's it

Perhaps I should have worded it differently. I could have opted out of them going into segwit addresses. I simply did not. And so because I did not they were placed in a setwit address. Very sorry to have spread confusion and misunderstanding.

As noted above, Segwit is default setting on Trevor but you can open legacy addresses.  You only get “forced” onto Segwit if you don’t understand what you are doing.

Whether people who don’t know what they are doing should be defaulted to Segwit is an interesting debate.  I would be inclined to go with “yes”.  

In my case I understood that I could have chosen a non-segwit address it simply hadn't occurred to me that there would be a good reason not to migrate to segwit. (I'm still not convinced there is except to those who are exceptionally paranoid)

[smartcomet]

So...the Bitcoin volatility index is down to 3.5% (down from over 7% in December). Back in 2016 it was down under 1% just before the price started to move upwards. Same in January 2013 and August 2013 (1.7%).

I think that the volatility index will come down next month, bitcoin will be boring, and the price will start it's move up from there (or it might take a couple of months to come down).

HODL and Waiting...

[Hueristic]

All you kids wanting to get in on the ground floor of something big.  Its not too late.  You have about a year to build your Bitcoin holdings.  Chasing shitcoin pumps is going to get you nowhere.  

Well this is not really true there is no more 50X a year coming and there are some shitcoins that will manage that.

I would prefer to frame the matter in terms of a pump period, rather than in terms of a year, and in the past pump period, from about October 2015 to December 2017 (26 months), we got about a 78x price appreciation.  

Now if our next pump period takes us from $6k to $300k, then that would be a 50x price appreciation for that pump period... It might not be completely expected, but it remains possible.

I personally get a bit offended when folks decide to "invest" in other coins because they believe them to be more easy to pump 50x or some other similar quantity.  Even though I get a bit offended, I understand that is the way of the world, so I accept it as it is, so there are all kinds of goofballs who are going to make killings of money by participating in pump and dumps and other scams, but I am personally not going to spend my time or energies to sink to such lambo chasing ventures.. when there are more honorable ways to invest and to make money, and I can already by my "lambo equivalent" with my already gotten bitcoin profits, if I were to want to buy such.. and I believe that my investment in bitcoin continues to be sound and a good investment - even though I am also prepared to transfer (or diversify) my investment into some other coin or project, if such a thing were to come about.  Currently, I do not see any such projects, and in my view, since we were also talking about dash (in regards to BJA's latest pump attempts), dash is also not that thing (I recognize that you seem to agree about that, but you might be more inclined towards getting involved in some other shit coins, no?).  

So we are on the same page, afa shitcoins, I don't get involved with them. Monero is the only coin I hold (for obvious reasons) and I don't think there is anyone left that feels that is a shitcoin. But I do keep an eye on new tech as I don't believe we have invented all the human race will ever achieve as of yet and the future might hold a better option to anything current.

I do not participate in P&D's and been asked multiple times to endorse shitcoins. Funny thing about that is they offer ETH instead of BTC to shill their shit. I have called out a few scams and will continue to call them out when I see them.

And yeah, 300k is not on the horizon in anyones opinion at the moment and I'd bet my Dick Mcafee wishes he never bet his!

[infofront]

Here's a short-list of posters that frighten me:

PoolMiner
HairyMaclairy
LastOfTheV8's
Bob
Nanobtc
MajorMax
Anon136
Theymos is (still) sort of iffy

Updated. This list is subject to change without notice.

What's so frightening about them may I ask?

Nothing

Just be wary of members who know hardly anything about why the bitcoin blockchain is essential in the currency war against the centrally controlled banks

Right. Us experts know that the Bitcoin blockchain is essential because it's the only way to buy most of the crank on alphabay.

[yonton]

Small rally leading up to the ETF than bingo bango, or pie in the sky?

[Anon136]

Small rally leading up to the ETF than bingo bango, or pie in the sky?

If it doesn't look like bitcoin is rallying, than zoom in and out until it does.

*edit* This would make a great meme. Dude looks at his computer and bitcoin is going down, he looks dismayed. So he zooms out and it looks even worse so he looks even worse. Then he zooms back in to just the right time scale where it looks bullish and he wipes his forehead in relief and smiles contently. I wish I knew how to do art some times. I'll throw a few shekels at anyone who makes it.