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

[Ibian]

we have the power to make the world what we want it to be and we should use that power.

Tell us why you are better off because the dodo and the passenger pigeon are extinct. Actually on second thought, don’t.  

Tell us why it makes you worse off. Except you can't. As usual.

https://en.m.wikipedia.org/wiki/Biodiversity_loss

Even though permanent global species loss is a more dramatic phenomenon than regional changes in species composition, even minor changes from a healthy stable state can have dramatic influence on the food web and the food chain insofar as reductions in only one species can adversely affect the entire chain (coextinction), leading to an overall reduction in biodiversity, possible alternative stable states of an ecosystem notwithstanding. Ecological effects of biodiversity are usually counteracted by its loss. Reduced biodiversity in particular leads to reduced ecosystem services and eventually poses an immediate danger for food security, also for humankind.[1]

In your own words, twat. This is about you personally as per your own play.

[Paashaas]

Ledger Discloses Five Reported Vulnerabilities in Two Models of Trezor Hardware Wallets

Major hardware wallets manufacturer Ledger has unveiled vulnerabilities in its direct competitor Trezor’s devices, according to a report published on Monday, March. 11.
As of press time, Trezor was not immediately available to comment on Ledger’s findings.

https://cointelegraph.com/news/ledger-discloses-five-reported-vulnerabilities-in-two-models-of-trezor-hardware-wallets


(I said it yesterday, every day a new shit...)

Seems that ledger's wallets are not secure either.
That's why I love paper wallets, especially if encrypted they are pretty hard to hack

Not good, at all. I don’t see why people don’t keep their coins on a paper wallet or on a machine with Bitcoin QT that’s used for nothing apart from storing bitcoin. This kind of shit happens all the time.

Relax guys, i don't see anyone dumping his Trezor...because it was just F.U.D 



https://blog.trezor.io/our-response-to-ledgers-mitbitcoinexpo-findings-194f1b0a97d4

[Ibian]

According to HuffPost, on average people spend about $650 on Alcohol every month.

That means if you cut your drinking habit by 50% and spent the money you saved on #Bitcoin, you could invest $325 or about .08 $BTC, at these prices, monthly.

In 12.5 months, you’d have 1 BTC.

💡

https://twitter.com/mrmichaelnye/status/1105227653257314304?s=21


But but what about me saturdayzzzz ??

Or... tuesdays. Today is a tuesday. And there is another day tomorrow!

[VB1001]

Ledger Discloses Five Reported Vulnerabilities in Two Models of Trezor Hardware Wallets

Major hardware wallets manufacturer Ledger has unveiled vulnerabilities in its direct competitor Trezor’s devices, according to a report published on Monday, March. 11.
As of press time, Trezor was not immediately available to comment on Ledger’s findings.

https://cointelegraph.com/news/ledger-discloses-five-reported-vulnerabilities-in-two-models-of-trezor-hardware-wallets


(I said it yesterday, every day a new shit...)

Seems that ledger's wallets are not secure either.
That's why I love paper wallets, especially if encrypted they are pretty hard to hack

Not good, at all. I don’t see why people don’t keep their coins on a paper wallet or on a machine with Bitcoin QT that’s used for nothing apart from storing bitcoin. This kind of shit happens all the time.

Relax guys, i don't see anyone dumping his Trezor...because it was just F.U.D 



https://blog.trezor.io/our-response-to-ledgers-mitbitcoinexpo-findings-194f1b0a97d4

Yes, Trezor responded diplomatically to Ledger.
Ledger's publication yesterday is neither ethical nor elegant.

[BitcoinNewsMagazine]

Ledger has their own problems after users have reported losing XMR when sending using the Nano S with the Monero GUI. One person lost 1600 XMR still waiting to see if it can be recovered. ATM Ledger says OK to receive XMR but not to send.

[VB1001]

How a Bitcoin Evangelist Made Himself Vanish, in 15 (Not So Easy) Steps

Some interesting tips, prepare all the paperwork before you get to BTC / 100k.

https://www.nytimes.com/2019/03/12/technology/how-to-disappear-surveillance-state.html

[JayJuanGee]

But BTC is the reason i drink! I bought @20K!

Do you believe in it?

If no, then just wait and once the price will cross 20k then get rid of them immediately .

Your money your choice, this is the beauty of Bitcoin.

I know that you are talking hypothetical here, Pamoldar, but selling just above $20k would not be a well-thought out plan.

Also, I doubt that fillippone is serious about buying at $20k (edit:  which he admitted in a subsequent post) and implying that he did not buy further after that.  

If you believed enough to buy at $20k, and you have not bought since, and you held all the way down, then there is a time, now, to buy or continue to buy.  Bring down your average price per BTC and likely increase your selling options at lower prices.

For example, buying the same amount of dollar value of BTC at $4k as what was bought at $20k would cut your average price per BTC to the mid-point between $20k and $4k, which would be $12k.  Many variations on that, too, and nothing wrong with selling on the way up, as long as, from my approach to the matter, the portion that you are selling is sold for higher prices than bought.

[Toxic2040]

In this particular instance all I see is hypocrisy on your part. You fling ad hominems around without contributing to the discussion whatsoever. The hypocrisy of yours is a direct result of you bold quoting "willful ignorance" while completely ignoring every single thing I've said.

Again, the only problem are people like you. I'm providing objective points of concern from both sides, while you attack people from a perspective that you've picked up in MSM that you clearly don't know shit about. Otherwise you would have a civil discussion instead of attacking me.

You are correct sir..I am calling your character in to question...flat out. If people like me are the problem then I thank the Lord that we still seem to have the majority and the World continues on its merry chaotic way. I hear nothing objective from your opinions other than a sense of bloated self-righteousness bordering on megalomania. Be that at as it may, I believe everyone is entitled to have an opinion and its completely obvious that you have yours and I have mine. Do not think for a second however that I wont call bullsh*t on you when and where appropriate as I have in the past and will continue to do so in the future. That you call my perspective main stream is laughable and truly shows how little you know and gives insight as to where you think you are. If you want to have a civil conversation fine, but I can not get over the feeling that you have almost zero real world experience in the things you talk about. With nigh 4 decades working out in the field in heavy industry and to have literally watched the sky burn and cry tears of oil I can tell you that from my perspective, humanity is impacting the planet. Your blasé attempts to provide "points of concern" appear disingenuous and frankly argumentative. Climate change or environmental change, whatever you care to label it is happening and waiting until hypothesis is proven out as fact in this case would be in my humble opinion nothing short of recklessness.

Upon further thought I was not flinging anything around, this is just plain false. I specifically asked you to pick a direction with a expletive added in for vernacular. If you choose to take this as an ad hominem attack that is your prerogative.

Honestly, it does not matter at this point as I do not feel I will change your mind with my opinions or experiences and we are pretty well off topic so why we dont we leave it with that. Good day.

[VB1001]

Market Synergy Launches VPS to Connect Brokers to Bitfinex

https://www.financemagnates.com/cryptocurrency/news/market-synergy-launches-vps-to-connect-brokers-to-bitfinex/

Market Synergy, an institutional cryptocurrency connectivity provider, announced this Tuesday that it has launched a cloud-based Virtual Private Server (VPS) which can connect brokers, hedge funds and professional traders to cryptocurrency trading platform Bitfinex.

https://twitter.com/bitfinex/status/1105410374894084096

[JayJuanGee]

Why do you have to say anything?  Cooperation is voluntary, correct?  So you can just refuse to cooperate and provide absolutely zero information.  Right?

In a constitutional sense cooperation is indeed voluntary, but as with so many things the bureaucrats have muddied things in a statutory sense.  The envelope the form arrives in is emblazoned with "YOUR RESPONSE IS REQUIRED BY LAW" and non respondents will get physical visits from aggressive census workers threatening $5000 fines.

O.k.  Fair enough.  I had never looked it up before or even received one of those forms, and after I looked it up (just now), it does kind of make sense that there has to be some kind of attempt to get cooperation from the population, otherwise the govt bureaucrat would not be able to effectively carry out their constitutional mandate to attempt to collect such data every 10 years.  

I suppose that it could be like jury duty, which is also required by law, in many locations in the USA... and voting is required in several other countries.  

By the way, regarding jury duty:  I have reported for jury duty many times, especially in the last 15 years or so, and I always get weeded out.... and it is not even that I want to get weeded out  

One time, about three years ago, I made it to the box in a criminal case, which if they do not eliminate you at that state, then you are on.  I answered a question from the prosecutor, that I thought was a fairly reasonable answer, and I heard several of the other possible jurors giggle, then the prosecutor stated that he wanted me removed.  The judge said that it was not the prosecutor's turn, and then one of the first things that the defense attorney did was remove me.  Hahahahaha .. Showed that neither side wanted me, based on one seemingly innocent response.

[BitcoinGirl.Club]

Eh!
"1pool Ltd and CEO fined $990,000 by CFTC for illegal BTC transactions"

License and registration please.
https://ambcrypto.com/bitcoin-btc-1pool-ltd-and-ceo-fined-990000-by-cftc-for-illegal-btc-transactions/

[ivomm]

I am watching in the last days the short and long positions. In Bitfinex shorts are 49% and longs are 51%. According to https://www.tradingview.com/symbols/BTCUSDLONGS/, the longs are very low - 22010, while the shorts are climbing in - 21150. The last pump was preceded by longs on ATH for the last months and shorts on ATL. This may be the reason the pump didn't go beyond the resistance $4200. Now, the bulls have a golden chance to rekt the shorts by a bull run that will breach that resistance.  Come on, bulls, eat that bear short n00bs, who still have wet dreams for $2000.  The shorters don't realize how vulnerable are they this time. In 2018 they may had some wins, but not this time, n00bs! You really need to learn a lesson that you can't play games with the king BTC! I just want to see the faces when we reach $5000 of those who trolled that we have not bottomed yet! Something like that:

[StartupAnalyst]

But BTC is the reason i drink! I bought @20K!

Do you believe in it?

If no, then just wait and once the price will cross 20k then get rid of them immediately .

Your money your choice, this is the beauty of Bitcoin.

I know that you are talking hypothetical here, Pamoldar, but selling just above $20k would not be a well-thought out plan.

Also, I doubt that fillippone is serious about buying at $20k and implying that he did not buy further after that.  

If you believed enough to buy at $20k, and you have not bought since, and you held all the way down, then there is a time, now, to buy or continue to buy.  Bring down your average price per BTC and likely increase your selling options at lower prices.

For example, buying the same amount of dollar value of BTC at $4k as what was bought at $20k would cut your average price per BTC to the mid-point between $20k and $4k, which would be $12k.  Many variations on that, too, and nothing wrong with selling on the way up, as long as, from my approach to the matter, the portion that you are selling is sold for higher prices than bought.

I like the fact that you advise fillippone, but I don't think it's worth selling BTC for less than $25,000, especially if you can buy them for $10,000 for $6,000 and finally for $4,000.

Edit:I don't think there's any point in selling your BTC.

[fillippone]

But BTC is the reason i drink! I bought @20K!

Do you believe in it?

If no, then just wait and once the price will cross 20k then get rid of them immediately .

Your money your choice, this is the beauty of Bitcoin.

I know that you are talking hypothetical here, Pamoldar, but selling just above $20k would not be a well-thought out plan.

Also, I doubt that fillippone is serious about buying at $20k and implying that he did not buy further after that.  

If you believed enough to buy at $20k, and you have not bought since, and you held all the way down, then there is a time, now, to buy or continue to buy.  Bring down your average price per BTC and likely increase your selling options at lower prices.

For example, buying the same amount of dollar value of BTC at $4k as what was bought at $20k would cut your average price per BTC to the mid-point between $20k and $4k, which would be $12k.  Many variations on that, too, and nothing wrong with selling on the way up, as long as, from my approach to the matter, the portion that you are selling is sold for higher prices than bought.

I like the fact that you advise fillippone, but I don't think it's worth selling BTC for less than $25,000, especially if you can buy them for $10,000 for $6,000 and finally for $4,000.

Edit:I don't think there's any point in selling your BTC.

I made clear suggesting the idea I bought my BTC at 20K was only a joke to answer micgoossens post, I also returned the merit he sent to me because of that.

I wrote some good stuff today, whey are we only discussing the bad one?

[Febo]

I'm still waiting to happen this cross. My pocket is ready for this. Patience is the key!

Price will be almost no different then. Yes you will be few months less exposed to Bitcoin but you will not gain anything if you will buy few months from now compared to right now.

[Phil_S]

Opsec lessons from Jameson Lopp:

https://www.nytimes.com/2019/03/12/technology/how-to-disappear-surveillance-state.html

Mr. Lopp, a self-described libertarian who works for a Bitcoin security company, had long been obsessed with the value of privacy, and he set out to learn how thoroughly a person can escape the all-seeing eyes of corporate America and the government. But he wanted to do it without giving up internet access and moving to a shack in the woods.

Many celebrities and wealthy people, wary of thieves, paparazzi and other predators, have tried to achieve Mr. Lopp’s vision of complete privacy. Few have succeeded.

Mr. Lopp viewed the exercise as something of an experiment, to find out the lengths he’d have to go to extricate himself from the databases and other repositories that hold our personal information and make it available to anyone willing to pay for it. That helps explain why he was willing to describe the steps he’s taken with me (though he did so from a burner phone, without disclosing his new location).
...

[Ibian]

In this particular instance all I see is hypocrisy on your part. You fling ad hominems around without contributing to the discussion whatsoever. The hypocrisy of yours is a direct result of you bold quoting "willful ignorance" while completely ignoring every single thing I've said.

Again, the only problem are people like you. I'm providing objective points of concern from both sides, while you attack people from a perspective that you've picked up in MSM that you clearly don't know shit about. Otherwise you would have a civil discussion instead of attacking me.

You are correct sir..I am calling your character in to question...flat out. If people like me are the problem then I thank the Lord that we still seem to have the majority and the World continues on its merry chaotic way. I hear nothing objective from your opinions other than a sense of bloated self-righteousness bordering on megalomania. Be that at as it may, I believe everyone is entitled to have an opinion and its completely obvious that you have yours and I have mine. Do not think for a second however that I wont call bullsh*t on you when and where appropriate as I have in the past and will continue to do so in the future. That you call my perspective main stream is laughable and truly shows how little you know and gives insight as to where you think you are. If you want to have a civil conversation fine, but I can not get over the feeling that you have almost zero real world experience in the things you talk about. With nigh 4 decades working out in the field in heavy industry and to have literally watched the sky burn and cry tears of oil I can tell you that from my perspective, humanity is impacting the planet. Your blasé attempts to provide "points of concern" appear disingenuous and frankly argumentative. Climate change or environmental change, whatever you care to label it is happening and waiting until hypothesis is proven out as fact in this case would be in my humble opinion nothing short of recklessness.

Upon further thought I was not flinging anything around, this is just plain false. I specifically asked you to pick a direction with a expletive added in for vernacular. If you choose to take this as an ad hominem attack that is your prerogative.

Honestly, it does not matter at this point as I do not feel I will change your mind with my opinions or experiences and we are pretty well off topic so why we dont we leave it with that. Good day.

Hey. Hey? You are the rat.

[BitcoinGirl.Club]

^^ LOL what is going on?

[JSRAW]

According to HuffPost, on average people spend about $650 on Alcohol every month.

Is it really true? I doubt that it's based on average calculation according to the World. Maybe only in the first World? but Highly doubt when it comes to Third world countries.

For example, buying the same amount of dollar value of BTC at $4k as what was bought at $20k would cut your average price per BTC to the mid-point between $20k and $4k, which would be $12k.  Many variations on that, too, and nothing wrong with selling on the way up, as long as, from my approach to the matter, the portion that you are selling is sold for higher prices than bought.

@JJG Your posts are good study material.

But sometimes I get lost because of long posts ( I mostly use the phone to read posts here.)

[JayJuanGee]

But BTC is the reason i drink! I bought @20K!

Do you believe in it?

If no, then just wait and once the price will cross 20k then get rid of them immediately .

Your money your choice, this is the beauty of Bitcoin.

I know that you are talking hypothetical here, Pamoldar, but selling just above $20k would not be a well-thought out plan.

Also, I doubt that fillippone is serious about buying at $20k and implying that he did not buy further after that.  

If you believed enough to buy at $20k, and you have not bought since, and you held all the way down, then there is a time, now, to buy or continue to buy.  Bring down your average price per BTC and likely increase your selling options at lower prices.

For example, buying the same amount of dollar value of BTC at $4k as what was bought at $20k would cut your average price per BTC to the mid-point between $20k and $4k, which would be $12k.  Many variations on that, too, and nothing wrong with selling on the way up, as long as, from my approach to the matter, the portion that you are selling is sold for higher prices than bought.

I like the fact that you advise fillippone, but I don't think it's worth selling BTC for less than $25,000, especially if you can buy them for $10,000 for $6,000 and finally for $4,000.

Edit:I don't think there's any point in selling your BTC.

Ultimately, each of us has to figure out what is our plan in regards to BTC, and early on such plan would be to figure out your BTC to fiat ratios with also considering your other investments, cashflow, timeline, risk tolerance, view of bitcoin, etc. 

Thereafter, accumulate to reach your goal in a timeline that is suitable then go on to a maintenance phase.

At some point, some incremental selling of BTC would likely be prudent for insurance purposes (which would be preferable after you have already reached a maintenance rather than accumulation phase.. but HODLers are free to differ in their thinking about this), and larger scale selling of BTC for either enjoying the asset that you have already accumulated in a passive income kind of way or engaging in selling the principle, too, especially since none of us is going to live forever, and I would question the personal prudence of passing on an asset (referring to after death), such as bitcoin, to someone (including relatives and spouses) who would likely value it less than you (especially, if they did not go through the struggles to accumulate it).  I am not saying that NO value should be reserved for passing, but it would seem too antithetical to fail and refuse to enjoy decent amounts of fruits from your labor.. even if it is only a small percentage, every year or so.

Anyhow, as a basic financial prudence rule, once you have established a decently high stash of bitcoin in which you feel comfortable living off of about 4% of it's value per year in a kind of passive income flow, that means selling some in order to realize the 4% per year (or easier calculations of about 1% per quarter).  Of course, that level of BTC accumulation in which you perceive that living off of 4% per year is enough for your to meet all your expenses plus maintaining emergency funds will vary for individuals, and likely that level of BTC accumulation necessity would become lower, if BTC prices were to go up in an exponential way, which is not guaranteed, but could happen in similar ways as it has done historically and theoretically has decent odds of happening some more in the coming years.