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

[El duderino_]

via Imgflip Meme Generator


https://twitter.com/whalepanda/status/1084000057010081793?s=21

GOOD morning WO’s

[El duderino_]

via Imgflip Meme Generator

https://twitter.com/moonoverlord/status/1083977792134492160?s=21

[El duderino_]

via Imgflip Meme Generator

https://twitter.com/apompliano/status/1083733376694214656?s=21

[P_Shep]

This is what I use:
https://imgflip.com/i/2qxztc

Yeah, cost me $3718.

In fact nearly $20k at one point...

Here is what I use:



Cost me a few satoshis and I've been saving my bitcoins on it since last year. I don't see the point of hardware wallets if you are in bitcoin to hodl them.

To spend them actively i would still use my iphone for the job insead of hw wallets since I would carry my wealth in a paper wallet and my play money on my phone. But most importantly, it is just easier with a phone.

To me money spent on hw wallets is a waste. I would buy more crypto instead.

It's really all about the value of the amount you are storing, and therefore the risk.

Paper wallet is fine for smaller amounts, but...
- Where do you store the paper wallet safely
- What happens if you are burgled and the thief steals the wallet (wether or not they know what to do with it)
- Where do you store a backup, (and increase the risk of compromise)?
- What happens if your house burns down?
- Something gets split on the wallet and obscures the ink.
- 3 Years later, and you've simply lost the wallet, or thrown it out accidentally.
- When you spend the wallet and enter the address into a computer, are you 100% sure that computer is totally free from trojans/viruses, an attacker could   steal the funds on the happy day when you cash-out.

These risks are small (ish) but if you had $100k or $100m, they would be much more important.

A paper wallet requires multiple diverse location copies, but each copy increases the risk of theft, and you need to trust someone else to look after other copies (family?)
So you can securely split the secret (Shamir's secret splitting https://iancoleman.io/shamir/) , you can then choose how many parts of the total eg. 2 of 3 are needed to reconstruct the private key,
Then split it - 1 copy with a good friend or your lawyer, 1 with a family member, and 1 in your safe.
As its 2 of 3, 1 person can lose their key and its not a problem, and both the family member and friend need to collude to steal you coins.
You could of course increase this from 2 of 3 to any value such as 4 of 7, whatever makes sense to you.

When you come to spend the paper wallet, you should use a clean machine, install a new version of the OS ,and then only the wallet software.
I wouldn't use brand new software releases and I would check the authenticity of the code using release signing keys or hashes.

If you really want to do it properly, you should probably read Glacier protocol https://glacierprotocol.org/, it discusses all the risks and possible solutions, you can then cherry pick the things you think are important to you.

You want to also factor in your own death to the scheme. Making sure 'your' people know about, and can actually  get possession of the coins without you.

Exactly, for the amount i have, I'd need the whole airgapped/secure printer - computer combo thing. I don't have the space for that.
And at the time I bought it, it was $100.
Cyptosteel is an option, but the thought of making sure I get all those number and letters right!
And I do occasionally move some coins around - for example in Nov, when the funding % return rocketed on Bitfinex. Made a nice bit of BTC doing that. Then moved it all back before Jan.
Trezor's just so much more convenient. And now it work with Mycelium again!

[El duderino_]

via Imgflip Meme Generator

https://twitter.com/_benkaufman/status/1083795693712621569?s=21

He got a point there

[DeathAngel]

via Imgflip Meme Generator

https://twitter.com/moonoverlord/status/1083977792134492160?s=21

Get in my fucking veins

[Last of the V8s]

[VB1001]

Other ways to see the Bitcoin market.

Real time exchange flows
https://fiatleak.com/btc/bitstamp

Bitcoin Globe Transactions
http://bitcoinglobe.com/

BitBonkers Blocks and Transactions
https://bitbonkers.com/

Bitforce5 transaction relationships
http://bitforce5.com/

BitListen - Transactions by Value
https://www.bitlisten.com/

[BiteMyShinyMetalAss]

In January 2017, after 3 years of hodling, i really wanted to sell all my crypto and have a good night sleep and normal life. But I didnt. Now, i have the same feeling, just sell all crypto and finally sleep peacfully. But i wont... Maybe the end is near, maybe we wont go to 1k.

[Cassius]

*giggling intensifies*

The bottom is probably not
We need a deep penetration

drunk

I was way to grownup to giggle at this. I didn't even see it. [/liemodecancel]
I'm also of the opinion that we need to retest the 200 WMA. Smash it or bounce off it, I can't call (it's a market, inherently unpredictable, so neither can anyone), but we need to revisit it on volume. Back in 2014 there was this myth that no cycle ever bottomed below the top of the last bubble, i.e. $266 at that point. The 200 WMA being unbreachable is the 2019 equivalent.
The Delphi Digital report was really interesting, also forecasting a bottom soon based on 1 year+ UTXOs: https://www.delphidigital.io/utxo
Not sure how that chimes with the most recent article about 3-5 year coins moving though. Could just be the final phase.

[Cryptotourist]

Morning WO's, have a great weekend.

Smoking some hopium the other day, was enough to make me realize the absence of Lambie_Slayer, silently taking a ride with our two morons of honor.



Earlier that day, virgin r0ach bravely had confessed his nano penis phenomena to gembitz.



Last but not least, both agreed to double their initial order since 2015, now buying $2 worth of BTC at the price of $199.



PEEEEEEEEE

[DeathAngel]

In January 2017, after 3 years of hodling, i really wanted to sell all my crypto and have a good night sleep and normal life. But I didnt. Now, i have the same feeling, just sell all crypto and finally sleep peacfully. But i wont... Maybe the end is near, maybe we wont go to 1k.

e

It will all be worth it in the not too distant future. I’ve been HODLING since 2015, there has been lots of times I want to sell it all & stop wasting my life checking the price. I really think we’ll see over $50,000 per bitcoin after the next halving though. I’m probably going to sell a large portion then & buy a big house & retire.

[tinova79]

This is what I use:
https://imgflip.com/i/2qxztc

Yeah, cost me $3718.

In fact nearly $20k at one point...

Here is what I use:

https://i.ibb.co/Ht291qc/IMG-7568.jpg

Cost me a few satoshis and I've been saving my bitcoins on it since last year. I don't see the point of hardware wallets if you are in bitcoin to hodl them.

To spend them actively i would still use my iphone for the job insead of hw wallets since I would carry my wealth in a paper wallet and my play money on my phone. But most importantly, it is just easier with a phone.

To me money spent on hw wallets is a waste. I would buy more crypto instead.

It's really all about the value of the amount you are storing, and therefore the risk.

Paper wallet is fine for smaller amounts, but...
- Where do you store the paper wallet safely
- What happens if you are burgled and the thief steals the wallet (wether or not they know what to do with it)
- Where do you store a backup, (and increase the risk of compromise)?
- What happens if your house burns down?
- Something gets split on the wallet and obscures the ink.
- 3 Years later, and you've simply lost the wallet, or thrown it out accidentally.
- When you spend the wallet and enter the address into a computer, are you 100% sure that computer is totally free from trojans/viruses, an attacker could   steal the funds on the happy day when you cash-out.

These risks are small (ish) but if you had $100k or $100m, they would be much more important.

A paper wallet requires multiple diverse location copies, but each copy increases the risk of theft, and you need to trust someone else to look after other copies (family?)
So you can securely split the secret (Shamir's secret splitting https://iancoleman.io/shamir/) , you can then choose how many parts of the total eg. 2 of 3 are needed to reconstruct the private key,
Then split it - 1 copy with a good friend or your lawyer, 1 with a family member, and 1 in your safe.
As its 2 of 3, 1 person can lose their key and its not a problem, and both the family member and friend need to collude to steal you coins.
You could of course increase this from 2 of 3 to any value such as 4 of 7, whatever makes sense to you.

When you come to spend the paper wallet, you should use a clean machine, install a new version of the OS ,and then only the wallet software.
I wouldn't use brand new software releases and I would check the authenticity of the code using release signing keys or hashes.

If you really want to do it properly, you should probably read Glacier protocol https://glacierprotocol.org/, it discusses all the risks and possible solutions, you can then cherry pick the things you think are important to you.

You want to also factor in your own death to the scheme. Making sure 'your' people know about, and can actually  get possession of the coins without you.

How do you secure your security seed? Honest question

[VB1001]

^
This is the safest for your seed:

https://cryptosteel.com/

[serveria.com]

No volume at all... nobody willing to sell at these prices? Bullish! 

[BiteMyShinyMetalAss]

In January 2017, after 3 years of hodling, i really wanted to sell all my crypto and have a good night sleep and normal life. But I didnt. Now, i have the same feeling, just sell all crypto and finally sleep peacfully. But i wont... Maybe the end is near, maybe we wont go to 1k.

e

It will all be worth it in the not too distant future. I’ve been HODLING since 2015, there has been lots of times I want to sell it all & stop wasting my life checking the price. I really think we’ll see over $50,000 per bitcoin after the next halving though. I’m probably going to sell a large portion then & buy a big house & retire.

I took a nexo loan so could enjoy my life a bit now, and wont need to sell BTC and go back to work, but damn, this bear market is getting on my nerves!

[Cryptotourist]

How do you secure your security seed? Honest question

Writing/engraving it down in multiple places of trust. No photos are allowed.
Also switching around a couple of words, would "secure" the seed in the event of an intruder finding it.
Need to remember which words of course.

[Globb0]

Had my 24 word seed tattooed along my penis, the burglar will have to impress me somehow before they can steal it.

[El duderino_]

Had my 24 word seed tattooed along my penis, the burglar will have to impress me somehow before they can steal it.

so if its wrinkled they have to get it HARD as well to read them all ?

[Cryptotourist]

Had my 24 word seed tattooed along my penis, the burglar will have to impress me somehow before they can steal it.

That would mean that your seed is already compromised  

so if its wrinkled they have to get it HARD as well to read them all ?

W...E...N...D...Y

WELCOME TO JAMAICA AND HAVE A NICE DAY!