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

[El duderino_]

stop the red spike down @once !

[1714100973]

1714100973

[1714100973]

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[1714100973]

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[Globb0]

I will shrink down like tron and ride the main bus right into the processor to get your keys

[Raja_MBZ]

Happy new year guys!

I hope that 2019 brings:

-more happiness in your lives than 2018
-institutional investors to the bitcoin world (they'll eventually enter the crypto, but the question is, "will it happen in 2019?")

[El duderino_]

I will shrink down like tron and ride the main bus right into the processor to get your keys

yeah thats a possibility

[luckygenough56]

Another fakeout damn this is getting annoying

[bitserve]

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?

This is how much we know: https://www.youtube.com/watch?v=Y1OBIGslgGM

Basically:
The seed and PIN (sic!) can be extracted from a Trezor device. Not simply, but it is doable.

But... If you put a passphrase on the seed, the hacker can do shit...

I discuss the whole content of that video in this thread: https://bitcointalk.org/index.php?topic=5090244.msg48978949#msg48978949

It is in spanish, but if there is some interest I could translate it.

TLDR: All those potential attack vectors requiere physical access to the device among other things. And even if all requirements would be met (which is already enough negligence on the user part) there are also additional countermeasures for additional security (ie. passphrase).

[kurious]

Good Poirot last few days



 

https://bitcointalk.org/index.php?topic=4710399.160

 

Congrats, Globbo.  Micgoosens comp winners are rare beasts.

[kenzawak]

https://deadcoins.com/

A Theresa May Coin, really ?

[bitserve]

^^
stealing the paper or the device is the same just a very littke of weight difference

The difference is, if you steal my TREZOR, you ain't getting my coins... You need both my TREZOR and what's in my brain to get to my coins. But if you steal Jimbo's paper wallets, you already have his coins...

If you are using a passphrase in addition to the Trezor then yes, no matter if they have physical access and dump the seed + PIN which is the most they could get.

Extracting the seed from a Ledger would be WAY harder as it never leaves the secure element once it is set.

[Last of the V8s]

hw wallet vs proper wallet is also discussed in this video https://youtu.be/HTVPteJG8fc amongst much other great stuff

afair no one discusses randomness

use dice and a proto-Altaic word list (or other language with which you are familiar)

or the device in my sig which is the only auditable trng

on the planet

[El duderino_]

Good Poirot last few days



 

https://bitcointalk.org/index.php?topic=4710399.160

 

Congrats, Globbo.  Micgoosens comp winners are rare beasts.

it was a very close one i thought by 4 bucks or something

[Last of the V8s]

Good Poirot last few days

 

https://bitcointalk.org/index.php?topic=4710399.160
 

Congrats, Globbo.  Micgoosens comp winners are rare beasts.

a very close one i thought by 4 bucks or something

His codename was 'The Goose':

[Last of the V8s]

[LFC_Bitcoin]

A year of accumulation & a slow, gradual price increase awaits but Happy New Year gents!

[HairyMaclairy]

Time to wake up Roach

[VB1001]

OpenNode > for Roger Ver

Thanks for the $1.25MM offer @rogerkver, but we’re going to have to turn it down. Our vision of a better, more open financial system is only possible with Bitcoin.

https://twitter.com/OpenNodeCo/status/1079180653416103941

Answer of Roger Ver:

"only possible with Bitcoin." 
That's tribalism, not thoughtfulness.

https://twitter.com/rogerkver/status/1079394075730571265


This person has neurons, just to walk.


(OpenNode https://bitcointalk.org/index.php?topic=178336.msg48790638#msg48790638 )

[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.  

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

In USA the 3000 cap is only on ordinary income(mainly of wages, salaries, commissions and interest income (as from bonds or cds). There is absolutely no cap or limit to how much you carry forward capital losses to offset capital gains and you can carry it forward for as long as you live. Loss harvesting is a huge part of the plunge to the end of the bear market we just witnessed. Large amounts of investors did take some profits in 2018 after the epic rise. These profits were capital gains and so they of course would owe taxes on them in 2019. Now its not hard to imagine tons of people taking a lot of profits like Boblaw and Jimbo early in 2018 and then later seeing prices much cheaper than where they sold out at. So at some point they buy some coins back cheaper than they sold, but still owe taxes come 2019. Now fast forward to the end of 2018 and these investors see the coins they bought back cheaper have lost substantial value, they understand that US wash sale rules do not apply to crypto https://cryptotaxprep.com/wash-sales-what-every-bitcoin-investor-should-know/ so it becomes very attractive for them to sell the coins at a loss with the intent to quickly repurchase them so they have the same amount of coins but a lower tax burden for 2019. However due to the economic substance doctrine https://en.wikipedia.org/wiki/Economic_substance in US tax law an investor should wait a day or two to repurchase the coins or the IRS can challenge it(disallow the loss) and say the transaction had no economic substance other than to lower their tax burden. If you wait a few days you have exposed yourself to market risk and are not violating the economic substance doctrine because your transaction had the intent of making profit in of itself and you took the risk of losing. So now imagine investors selling late in the year around 6k with the intent to buy back a few days or weeks later and this triggers a break in 6k support. Well now the tax loss harvesters are in no rush to buy back bc they can get way more coins than they started with bc coins have dropped massively so they sit back and let it play out. As it plummets you have people that bought in at 6k are reading the many msm articles about loss harvesting
 like this one https://www.forbes.com/sites/tysoncross/2018/11/19/year-end-tax-tips-and-strategies-for-cryptocurrency-investors/#5f87275a5dda and realize they too can harvest losses by selling at 5k, 4k, 3.5k etc, so they now sell fueling the fast cascade down. Then when it gets to around 3k the earliest tax loss harvesters say "well shit, lets not be too greedy here, I can get double the coins I had originally and save a ton on taxes." And that is how we find ourselves in a brand new bull market at the very end of loss harvesting season. Loss harvesters only have a handful of hours left to sell cheap and realize a loss. https://www.timeanddate.com/countdown/newyear

Happy New Years!

Believe in The Bull and 100k will come. (or dont believe and short and it will come anyway and rekt you!)
The ancient philosopher Jesus spoke of the powerful drug Hopium and its benefits in his teachings.

Matthew 17:20 Jesus said unto them "Because you smoke so little Hopium. Truly I tell you, if you smoke enough Hopium as small as a mustard seed, you can say to this mountain, 'Move from here to there,' and it will move. Nothing will be impossible for you."

Thank you for your thoughtful response - that is exactly what I was looking for (a good explanation of the US system). 

[mennguyen]

Reference data: Bitcoin Price Prediction For Tomorrow, Week And Month
Date                Min        Max        Price
2019-01-01    $3563    $4099    $3831
2019-01-02    $3847    $4427    $4137
2019-01-03    $3647    $4195    $3921
2019-01-04    $3680    $4234    $3957
2019-01-07    $3646    $4194    $3920
2019-01-08    $3317    $3817    $3567
2019-01-09    $3467    $3989    $3728
2019-01-10    $3613    $4157    $3885
2019-01-11    $3421    $3935    $3678
2019-01-14    $3742    $4306    $4024
2019-01-15    $3791    $4361    $4076
2019-01-16    $3975    $4573    $4274
2019-01-17    $4305    $4953    $4629
2019-01-18    $4358    $5014    $4686
2019-01-21    $4324    $4974    $4649
2019-01-22    $4254    $4894    $4574
2019-01-23    $4059    $4669    $4364
2019-01-24    $4161    $4787    $4474
2019-01-25    $4085    $4699    $4392
2019-01-28    $3901    $4489    $4195
2019-01-29    $4070    $4682    $4376
2019-01-30    $4014    $4618    $4316
2019-01-31    $4183    $4813    $4498

Happy New Year 2019!
We wish everyone good luck in the new year!
Hopefully 2019 bitcoin is priced above $ 15,000!

[DeathAngel]

Happy New Year gentlemen! Hope we consolidate above 7k or 8k in 2019, I’d see thst as a successful year. I think we may have to wait until 2020 to see above 10k again.

[xhomerx10]

Okay guys, there seems to be some misunderstanding with respect to paper wallet security.  Now, the misunderstanding might lie with me or it might lie with you so I am putting some Bitcoin on the line here as a test.  If you are correct, it should be as easy as 123 to steal the .0123 Bitcoin I have secured on this paper wallet.  If I am correct, then I can relax.

My fully exposed paper wallet:



Go 4 IT!  I will monitor the balance.