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

[somac.]

Proof of keys? I control my own keys thank you.

Trusted third parties? Isn't that an oxymoron?

I haven't had any coins on an exchange since MtGox. Luckily that mistake only cost me 50BTC. Never again.

Closest thing I have to a trusted third party is my Trezor which I somehow got talked into using against my better judgment. Luckily I only have 5BTC on it. I stopped using it last year after having it for less than half a year.

Obviously cold ("paper" wallet) storage is much more secure. Only I have control over the keys and they're never exposed to the internet except when I sweep a wallet into Mycelium to transfer coins and that's only small amounts for short periods of time.  

This is why it's good to spread your stash between dozens or hundreds of small wallets. My biggest single wallet has a little over 30 coins in it (from pulling out what I had at Cavirtex after being Goxed) but I'm almost scared to sweep it to split it into smaller wallets because that would entail risking that many coins at once by exposing them to the internet.

I suppose I should empty my Trezor on Genesis Block Day as a way to assert ownership of my keys instead of trusting Trezor. Then again why wait until Jan. 3?

So paper wallets (encrypted I assume) are the only thing that you consider to be absolutely safe? also how do you create them? live cd on normal net connected pc (disconnected when creating paper wallet), some kind of specialist device, or air-gapped computer that has never seen the internet?

Does anyone else here think ledgers or trezors are insecure? would choosing your own seed for them, rather then random one provided on setup of device, help you feel secure with it?

I used to use paper wallets but now using a hardware wallet, wondering if maybe I shouldn't.

[realr0ach]

next year in Jersulaem any one?

No thank you.  Perhaps check Marcus of Tel Aviv.

[nikauforest]

Proof of keys? I control my own keys thank you.

Trusted third parties? Isn't that an oxymoron?

I haven't had any coins on an exchange since MtGox. Luckily that mistake only cost me 50BTC. Never again.

Closest thing I have to a trusted third party is my Trezor which I somehow got talked into using against my better judgment. Luckily I only have 5BTC on it. I stopped using it last year after having it for less than half a year.

Obviously cold ("paper" wallet) storage is much more secure. Only I have control over the keys and they're never exposed to the internet except when I sweep a wallet into Mycelium to transfer coins and that's only small amounts for short periods of time.  

This is why it's good to spread your stash between dozens or hundreds of small wallets. My biggest single wallet has a little over 30 coins in it (from pulling out what I had at Cavirtex after being Goxed) but I'm almost scared to sweep it to split it into smaller wallets because that would entail risking that many coins at once by exposing them to the internet.

I suppose I should empty my Trezor on Genesis Block Day as a way to assert ownership of my keys instead of trusting Trezor. Then again why wait until Jan. 3?

So paper wallets (encrypted I assume) are the only thing that you consider to be absolutely safe? also how do you create them? live cd on normal net connected pc (disconnected when creating paper wallet), some kind of specialist device, or air-gapped computer that has never seen the internet?

Does anyone else here think ledgers or trezors are insecure? would choosing your own seed for them, rather then random one provided on setup of device, help you feel secure with it?

I used to use paper wallets but now using a hardware wallet, wondering if maybe I shouldn't.

old school would be air-gapped computer, virgin never touched the internet, with the wireless card physically removed. Direct connection to a printer that is only used for the purpose of making paper wallets with no wireless capabilities.

I use a ledger now, ( still have the air-gapped with armory signing offline ) I really like the ledger. Most vulnerabilities appear to be when someone has physical access to your ledger device. ( nothing is perfect but I like the hardware wallets.)

[JimboToronto]

So paper wallets (encrypted I assume) are the only thing that you consider to be absolutely safe? also how do you create them? live cd on normal net connected pc (disconnected when creating paper wallet), some kind of specialist device, or air-gapped computer that has never seen the internet?

I use an old computer with no wifi adapter, no ethernet cable, and a printer that has never been connected to an internet-capable computer.

Print spoolers can be hacked.

For ultimate security, keep multiple encrypted copies offsite in multiple locations.

[Toxic2040]

Last charts of the year WO's , have a safe and happy New Year.

30m


1h


4h


W

#stronghands2019

----
As an aside on a personal note, I created over 1,080 images this last year for your viewing pleasure. That is even with the 6 month sabbatical I enjoyed over the summer. I plan on starting fresh charts after new years but will break out the OR when appropriate.

Cheers
tc

[somac.]

So paper wallets (encrypted I assume) are the only thing that you consider to be absolutely safe? also how do you create them? live cd on normal net connected pc (disconnected when creating paper wallet), some kind of specialist device, or air-gapped computer that has never seen the internet?

I use an old computer with no wifi adapter, no ethernet cable, and a printer that has never been connected to an internet-capable computer.

Print spoolers can be hacked.

For ultimate security, keep multiple encrypted copies offsite in multiple locations.

Ok, one more question. Have you got things setup in a way that if something were to happen to you your family could access the coins? This is a big concern of mine.

[jojo69]

Solid Article: https://tokeneconomy.co/crypto-narrative-watch-crypto-winter-edition-bf1cf584def2

Not bad, but the Y key on the author's keyboard is intermittent.

Does anyone edit any more?

[infofront]

Could you bottom people at least show healthy weight bottoms.

Here's a healthy one for you:

[infofront]

Solid Article: https://tokeneconomy.co/crypto-narrative-watch-crypto-winter-edition-bf1cf584def2

Not bad, but the Y key on the author's keyboard is intermittent.

Does anyone edit any more?

Yeah, he should've had someone proofread that at least.

Last charts of the year WO's , have a safe and happy New Year.

...

#stronghands2019

----
As an aside on a personal note, I created over 1,080 images this last year for your viewing pleasure. That is even with the 6 month sabbatical I enjoyed over the summer. I plan on starting fresh charts after new years but will break out the OR when appropriate.

Cheers
tc

Thanks for your contributions buddy, and happy new year!

I've created approximately 600 shitposts this year, and have posted 24 ass pictures.

[VB1001]

Could you bottom people at least show healthy weight bottoms.

Here's a healthy one for you:

Big block size !!!

[VB1001]

It depends on the country where you reside.

Tax Relief Options if You Sold Your Bitcoin at a Loss



https://bitcoinmagazine.com/articles/there-may-be-some-tax-relief-options-if-you-sold-your-bitcoin-loss/

[HairyMaclairy]

Is this article correct?

I would have thought that you could carry forward capital losses to offset against future capital gains without being subject to a $3000 cap.  

[JayJuanGee]

We've had this discussion already, haven't we.

::sigh:: Indeed, we have. Yet you continue to re-engage.

You don't have any right to defend any bcash bashing here.

This thread is bitcoin, not bcash, so stop trying to assert that you are on equal grounds when you continue to support a bitcoin attack vector.

Luv ya, JJG. Now fuck right off.

Hey Jbear I got a great deal for you (limited time offer).  

If you swap all of your remaining Bitcoin for SV you will immediately get a 45x return.  And that’s not all, you will have the satisfaction of devoting your financial resources to the network that represents Satoshi’s Vision^TM.  How amazing is that?

It would be the strongest endorsement you could give, and an opportunity to show us minimalists the way.

Go on, lead by example !

How is that in any way _you_ having a deal for _me_? The way any rational person would see it, you are a totally disinterested party merely making a statement to troll me.

Congrats. I replied. Everybody merit HairyMaclairy for the successful troll job, in order to show solidarity with the troll job. I'll start.

You, jbreher, are showing signs of delirium.....

[VB1001]

Is this article correct?

I would have thought that you could carry forward capital losses to offset against future capital gains without being subject to a $3000 cap.  

It will be correct if the tax regulation of your country allows it.

https://www.nasdaq.com/author/bitcoin-magazine

Bitcoin Magazine
Bitcoin Magazine is the world’s first and foundational digital currency publication, covering the innovative ideas, breaking news and global impact at the cutting-edge intersection of finance, technology and Bitcoin. Published by BTC Media, the online publication serves a daily international readership from its headquarters in Nashville, Tennessee. For more information and all the breaking news and in-depth reports on Bitcoin and blockchain technology, visit BitcoinMagazine.com.

[birr]

Breaking news:  bitcoin's not in a bear market.
Price is in the pocket.
We've never had a real bear market, as opposed to deflating bubbles.
Maybe if the price takes a dive below that red line, we'll have some food for thought.

[bitserve]

Is this article correct?

I would have thought that you could carry forward capital losses to offset against future capital gains without being subject to a $3000 cap.  

It depends on the country. There are limits on:

- How much you can compensate each year
- How many years do you have to compensate the remaining.
- Against what can be compensated and against what it can't.
- etc

And also requirements like:

- How many time it has to pass between the sell and the re-buy or you can't compensate anything.
- etc

It also changes if you are an individual person, a person acting as a business, or a corporate, etc...

etc etc...... #DYOR #AskYourLocalFinancialExpert

This post does not constitute financial advise blah blah blah

[Majormax]

Breaking news:  bitcoin's not in a bear market.
Price is in the pocket.
We've never had a real bear market, as opposed to deflating bubbles.
Maybe if the price takes a dive below that red line, we'll have some food for thought.

BTC is definitely in a Bear Market relative to its own adoption curve..

The terms Bear and Bull market are simply used to demarcate phases of price activity. In a Bear phase, price acts in a distinctly different way from a Bull phase.  You can name the market as you wish, but the phase of activity now is distinctly different from 2016-2017.

Looking at the full chart there, we can see that the upper trendline does not reach the a new all time high until 2020, and the lower trendline until late 2021.

[birr]

the upper trendline does not reach the a new all time high until 2020, and the lower trendline until late 2021.

If we stay in the channel, yes.  I would be fine with that, in fact I would prefer that to a continuation of the volatility we've experienced historically.

[AlcoHoDL]

Proof of keys? I control my own keys thank you.

Trusted third parties? Isn't that an oxymoron?

I haven't had any coins on an exchange since MtGox. Luckily that mistake only cost me 50BTC. Never again.

Closest thing I have to a trusted third party is my Trezor which I somehow got talked into using against my better judgment. Luckily I only have 5BTC on it. I stopped using it last year after having it for less than half a year.

Obviously cold ("paper" wallet) storage is much more secure. Only I have control over the keys and they're never exposed to the internet except when I sweep a wallet into Mycelium to transfer coins and that's only small amounts for short periods of time.  

This is why it's good to spread your stash between dozens or hundreds of small wallets. My biggest single wallet has a little over 30 coins in it (from pulling out what I had at Cavirtex after being Goxed) but I'm almost scared to sweep it to split it into smaller wallets because that would entail risking that many coins at once by exposing them to the internet.

I suppose I should empty my Trezor on Genesis Block Day as a way to assert ownership of my keys instead of trusting Trezor. Then again why wait until Jan. 3?

Jimbo, rest assured. With a TREZOR, you control the keys. Your seed words are the keys. It's just a different form of storage. On paper, you are storing them using ink. With a TREZOR, they are just electrons in a FLASH memory chip. They are both stored locally. No one else but you has control over them. And TREZOR has the added bonus of protecting your keys in case it's stolen (can't easily read those electrons unless you have the PIN). If your paper wallet gets stolen, your coins are gone (they're just a QR code sweep away)...

[Ibian]

Proof of keys? I control my own keys thank you.

Trusted third parties? Isn't that an oxymoron?

I haven't had any coins on an exchange since MtGox. Luckily that mistake only cost me 50BTC. Never again.

Closest thing I have to a trusted third party is my Trezor which I somehow got talked into using against my better judgment. Luckily I only have 5BTC on it. I stopped using it last year after having it for less than half a year.

Obviously cold ("paper" wallet) storage is much more secure. Only I have control over the keys and they're never exposed to the internet except when I sweep a wallet into Mycelium to transfer coins and that's only small amounts for short periods of time.  

This is why it's good to spread your stash between dozens or hundreds of small wallets. My biggest single wallet has a little over 30 coins in it (from pulling out what I had at Cavirtex after being Goxed) but I'm almost scared to sweep it to split it into smaller wallets because that would entail risking that many coins at once by exposing them to the internet.

I suppose I should empty my Trezor on Genesis Block Day as a way to assert ownership of my keys instead of trusting Trezor. Then again why wait until Jan. 3?

Jimbo, rest assured. With a TREZOR, you control the keys. Your seed words are the keys. It's just a different form of storage. On paper, you are storing them using ink. With a TREZOR, they are just electrons in a FLASH memory chip. They are both stored locally. No one else but you has control over them. And TREZOR has the added bonus of protecting your keys in case it's stolen (can't easily read those electrons unless you have the PIN). If your paper wallet gets stolen, your coins are gone (they're just a QR code sweep away)...

Yes, if trezor is as secure as advertised. Do we know this?