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

[kurious]

I'm playing my endgame, closing all my positions as gracefully as I can before I get too drunk. When I'm done, I expect 30-35% on my play money, which will all go into the freezer for the Jan 3 action. Nice end of year. Happy 2019 everybody.

I already have reduced my normal exchange stash in advance of the 3rd too. I don't want to be exposed more than necessary if there is a shit storm - why take the risk?   I would not really want to see total chaos and exchanges collapsing if absolutely everybody did it, either.

I doubt enough will take part to cause any chaos, frankly - can you see the Coinbasers pulling coins off to their Trezors?  That said, assuming there are enough coins involved it could mean some dodgy exchanges that lack liquidity end up trying to buy in coins at market to cover if they get close to trouble. This could in turn will lead to shorts getting rekt to amplify things, meaning a spike.

On balance I think just enough, but not too much 'action' would be a great test for rehypothecation and spotting which trusted third parties are swimming naked. It's also putting a healthy warning shot across the bows of those tempted to dip their fingers in the till in future.

Because I reckon it's unlikely to be chaos, but might be enough to sweat the system (the Goldilocks amount of action) I shall keep a little of the play stash on Bitstamp on offer at above market in case of illiquidity causing that spike.

Happy New Year to all the WO.

[JayJuanGee]

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...

So, which of the following is the easiest?

1. TREZOR: steal the device, then use the extraction method you refer to above to get the seed (and coins).
2. TREZOR: steal the device, then spend eternity trying to crack it (because it's passphrase-protected).
3. Paper Wallet: steal the wallet, then simply sweep the QR code to get the coins!

I'd go with a TREZOR...

Why not both?

[VB1001]

Also a bag against fires and waterproofs, unforeseen floods or small fires / inside the safe.

[Arriemoller]

Happy new year everybody, drink and be merry.

[itod]

Speaking of January 3rd, has somebody mentioned it's Bitcoins 10th Birthday? In that honor, counter is appropriate:

Online counter

Edit: Timer to Genesis block creation, of course.

[El duderino_]

Speaking of January 3rd, has somebody mentioned it's Bitcoins 10th Birthday? In that honor, counter is appropriate:

Online counter

Edit: Timer to Genesis block creation, of course.

isn't that already passed ?

bought the 10year anniversary nano ledger....?

[JayJuanGee]

Coinbase 15 min looks like a bearflag :/

Dump incoming.

It will last by Q1 of 2019, I guess. And by God's grace please bottom to $2k now.

I am sure that price will not be so low People shouldnt be scared from this panic in crypto world.2018 year was best year for cryptocurrencies so we shouldnt regret.It will be probably about 3000-4500$ something like that and it will grow every month a little  I dont expect anymore bull run with bitcoin just a little grow every month or every couple months ,something like in this photo:

That's how a bull run tends to begin..... slowly working it's way back up


and then >>>>>>>









BAMM!!!!!!!  







And, really, if anyone can obtain about 2.2x returns in a year, then what would be disappointing about that?

We should not need much more than 10% annualized returns to really feel great about our investment - especially when we are contributing (by investing) to what seems to be the greatest current paradigm shifting phenomenon that is NOW in our midst.

[El duderino_]

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...

So, which of the following is the easiest?

1. TREZOR: steal the device, then use the extraction method you refer to above to get the seed (and coins).
2. TREZOR: steal the device, then spend eternity trying to crack it (because it's passphrase-protected).
3. Paper Wallet: steal the wallet, then simply sweep the QR code to get the coins!

I'd go with a TREZOR...

Why not both?

got ledger nano's and blues myself ..... also happy with those

[goldkingcoiner]

Happy new year to everyone! I am too not so sober to type more. See you next year and may your coin pouches become heavy!

[JayJuanGee]

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.

I've created over 500 posts that I thought were hilarious and not one person laughed!

You are admitting to being a Bot?      You sneaky fuck.   

[d_eddie]

Last iteration yielded over 30% gain on my play money.

All closed now, and my heart is light as a feather.

Some call you a slut, but you've always been a good lady to me.
Thank you, bitcoin!
<3

[JayJuanGee]

Last iteration yielded over 30% gain on my play money.

All closed now, and my heart is light as a feather.

Some call you a slut, but you've always been a good lady to me.
Thank you, bitcoin!
<3

30% ?  For the year's trading activities?

[Last of the V8s]

Speaking of January 3rd, has somebody mentioned it's Bitcoins 10th Birthday? In that honor, counter is appropriate:

Online counter

Edit: Timer to Genesis block creation, of course.

isn't that already passed ?

bought the 10year anniversary nano ledger....?

That was the celebrating the anniversary of the white paper. Genesis block anniversary is indeed 3rd Jan.

[Paashaas]

Happy New Year to all the WO.

[El duderino_]

Speaking of January 3rd, has somebody mentioned it's Bitcoins 10th Birthday? In that honor, counter is appropriate:

Online counter

Edit: Timer to Genesis block creation, of course.

isn't that already passed ?

bought the 10year anniversary nano ledger....?

That was the celebrating the anniversary of the white paper. Genesis block anniversary is indeed 3rd Jan.

and again learned some new things

[luckygenough56]

New year

Bots : please stand by

[Ibian]

Private key==bitcoin.

I... am confused as to why anyone here would be confused about this?

It’s still there

Somebody is definitely going to steal it.

It's a BIP38 password encrypted paper wallet. Impossible to sweep without knowing the password...

+1, Your funds are safe as long as you remember the passphrase.

IMO, keeping a BIP38 password makes your paper wallet less secure. There's a good chance that you'll forget that phrase by the time you need to extract bitcoin out of your paper wallet.

Compare the probability of getting your piece of paper stolen and the probability of forgetting the password; there are more chances that you'll forget your password!

That depends entirely on your mental faculties. There is basically zero chance that I will forget my passwords, but sometimes I leave Stuff lying around where I didn't quite intend to. Also, I have this boat, and at times tragic accidents happen...

[itod]

Speaking of January 3rd, has somebody mentioned it's Bitcoins 10th Birthday? In that honor, counter is appropriate:

Online counter

Edit: Timer to Genesis block creation, of course.

isn't that already passed ?

bought the 10year anniversary nano ledger....?

That was the celebrating the anniversary of the white paper. Genesis block anniversary is indeed 3rd Jan.

and again learned some new things

For the second time i'm not sure if you are joking, that's why haven't responded to you the first time.

BTW, exact time when Satoshi pressed the button is January 3rd, 18:15:05 UTC

[Paashaas]

https://medium.com/bakkt-blog/first-capital-raise-739db1bab6d3

[El duderino_]

Speaking of January 3rd, has somebody mentioned it's Bitcoins 10th Birthday? In that honor, counter is appropriate:

Online counter

Edit: Timer to Genesis block creation, of course.

isn't that already passed ?

bought the 10year anniversary nano ledger....?

That was the celebrating the anniversary of the white paper. Genesis block anniversary is indeed 3rd Jan.

and again learned some new things

For the second time i'm not sure if you are joking, that's why haven't responded to you the first time.

i'm gonna be very very very quiet (as in quiet of shame )

I did not think about it, but when I bought those white nano ledgers for the 10year anniversary ..... there was clearly written WHITE PAPER anniversary, not thinking more as 2 seconds there .... now I know its obvious and not the most smart thing i said right there