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

[mindrust]

Libra poisoned the well.

It would almost certainly destabilize currencies and even countries if/when let loose.
Example: a country has NIRP...Libra does not...so, you sell local currency and pocket the % (of NIRP) every year; or, you are in a non G-7 country...you sell local currency and buy Libra (a basket is almost always better than a single one). India and Russia-first two large countries to ban Libra on day one, I think.

Regarding libra and bitcoin-not sure how it would affect it, but i disagree about any optimism.
If I was one of bitcoin leaders or code contributors (and I am not), I would greatly accelerate Lightning wallets development.
On a positive side, some in Congress (and not in Senate) seem to understand the difference between something that is decentralized and centralized.

If libra becomes a threat (looks like it is going to be) to the national currencies, they will just shut it down or ban any access to libra products.

It is a centralized piece of shit.

There is a good possibility libra won't even make it outside of the US. If it does, it will be harder for the governments to fight against it but it is still possible.

Do you think facebook and its buddies are relaxed enough to not care about a nation wide dns ban? Nah.

They'll back off immediately. I don't think that's going to play out exactly like how they imagined it.

Bitcoin on the other hand, can go down or up but in the long run it doesn't matter because the network will be alive.

[makrospex]

It doesn’t work like that.

GA doesn’t have its own seed.  

Each site gives you a site specific seed.  You write the seed down somewhere safe.


If you lose the device, you re-enter the seed for that specific site into your new device.

The attack vector is the sites’ individual processes for manually turning off GA for the inevitable dumbasses that lose their seed.  

I am sorry to be such a dumbass, but let's attempt to merely stick with the case of re-establishing a new device for google authenticator running.  That is merely getting google to recognize the new device that they are going to send the GA keys for the secondary sites.

So, if I still have the old device, that situation is easy because i can get the GA keys off of the old device when I am registering the new device.  Once I register the new device, then GA only sends GA codes to the new device.  It no longer sends codes to the old device.

Now if I lose my old device or it gets stolen or damaged or lost in a boating accident, or whatever causes me an inability to access my old device, then I thought that those 10 codes that google gives you at the time of creating your GA account were used for those kinds of situations in which you no longer have access to your old device.  If I am wrong, then I am confused about the whole situation, and it would be better to straighten this matter out before I lose or break my device that has my GA account assigned to it, no?

It doesn’t work like that.

GA doesn’t have its own seed.  

Each site gives you a site specific seed.  You write the seed down somewhere safe.


If you lose the device, you re-enter the seed for that specific site into your new device.

The attack vector is the sites’ individual processes for manually turning off GA for the inevitable dumbasses that lose their seed.  

As far as i have read and understood the docs on GA now, it uses its own "key" for authentication against the google account used on the phone.
That is what the set of backup keys is for. You have 2FA enabled on your G account and lose your phone. Transfer procedure is quite similar to 3rd party GA2FA, just disable and re-enable after swapping phones and restore of GA.
3rd party (secondary) accounts must be restored via their seed providers (exchange) security key or disabled/re-enabled as usual, where the mentioned attack vector comes into play.
No convient way to restore all at once, if i didn't miss anything. Workaround would be running Android as root and backup the whole GA app via 3rdparty software. Least attractive to me. So always have your security keys written down a multiple times, and store them securely.

From my reading, makrospex, you seem to be saying a very similar thing that I had said in my response to hairybairy, above, but more eloquently.  

In other words, those 10 different seed words are used to reactivate google account (on 10 different occasions) in the event that you lose your device and you do not have access to your access codes that are spat out on your device every minute or so on GA.

Yeah, sort of, but the whole "app funcionality" can't be backed up conveniently.
Scenario: Lose your phone, get a new one, enter a backup key and get GA restored including all 3rd party keys, invalidate the old GA.
That's not possible in a similar convenient way. But that's the thing with security, right?
So i'm staying with disabling 2FA on the sites, using the ol backup phone and writing down site backup keys again when re-enabling 2FA.

I think about putting copies of my notes into a safe security box in a bank. That'd be the cream on top of the vanilla sorbet 

[El duderino_]

Are we gonna crush the 10K again soon-ish ?

And be on our way to the 15K-ish zone?

Come on BTC and goodmorning WO’s

[fillippone]

With the way things are moving, its anyones guess on which route bitcoin might take and depending on what stimulates the market I foresee BTC taking any one of these routes.

My blockchain based, distributed AI algorithm produced the following graph:

: )))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))


^ that was my reaction. And I had food & ale & chewing & stuff.

Thx for the meme of the day!

Meme of the day!
Thnks,
That’s an achievement for someone that came to the WO for the Knowledge,but ends up being recognised for the LOLS.
This is not sarcasm (Poe’s Law), but true appreciation!

[JayJuanGee]

Are we gonna crush the 10K again soon-ish ?

And be on our way to the 15K-ish zone?

Come on BTC and goodmorning WO’s

Maybe we should get a $10k hat?

Oh wait.

Edit:  
Bam... and thar she blows...

Feels almost like the first time, with over 350 coins gobbled up at the exact price of $10k, just like that.

[fillippone]

Are we gonna crush the 10K again soon-ish ?

And be on our way to the 15K-ish zone?

Come on BTC and goodmorning WO’s

Maybe we should get a $10k hat?

Oh wait.

Once you wear an higher price cap, the old one get disposed and it is not wearable anymore.

[JayJuanGee]

Are we gonna crush the 10K again soon-ish ?

And be on our way to the 15K-ish zone?

Come on BTC and goodmorning WO’s

Maybe we should get a $10k hat?

Oh wait.

Once you wear an higher price cap, the old one get disposed and it is not wearable anymore.

Makes some sense... If I really ponder it.   

[HairyMaclairy]

Draw your own conclusions



https://imgur.com/SXSznS8

[El duderino_]

Are we gonna crush the 10K again soon-ish ?

And be on our way to the 15K-ish zone?

Come on BTC and goodmorning WO’s

Maybe we should get a $10k hat?

Oh wait.

Once you wear an higher price cap, the old one get disposed and it is not wearable anymore.

Very accurate..... you know the game

[realr0ach]

Draw your own conclusions

https://i.imgur.com/SXSznS8.png

Dumb comparison comparing a full retracement back to 0% fib level in first chart vs a 61.8% retracement in current chart.  You didn't properly measure from the start of the pump and dump in each chart.  Hell, the first chart actually went BELOW the 0% fib level into negative retracement.  Whatever conclusion you're trying to derive, you're doing it wrong.  Unless you're trying to claim the current price is also supposed to do a full retracement back to $4k, but I doubt that's what you're trying to do.  Regardless, your fractal voodoo theory already seems to have broken down.

[HairyMaclairy]

Fibs are for Flipper

[piebeyb]

Draw your own conclusions



https://imgur.com/SXSznS8

the conclusion is that bitcoin prices fell not because of news about Trump Tweets and others, but because the price of bitcoin is being corrected, so there doesn't seem to be a big problem when prices drop due to correction, thinking for the long term not with short term

[realr0ach]

If Trump banned Bitcoin causing the price to implode to nothingness, whose posts would be most entertaining to read afterwards:

1)  Elwar
2)  Trollgoossens
3)  Marcus of Tel Aviv
4)  JayJuanGee

[El duderino_]

If Trump banned Bitcoin causing the price to implode to nothingness, whose posts would be most entertaining to read afterwards:

1)  Elwar
2)  Trollgoossens
3)  Marcus of Tel Aviv
4)  JayJuanGee

Trump better see to be in Office again...... cause there Will be more uncertainty about that for him.... Then about that time we Maybe don’t know where BTC could be already

[realr0ach]

If Trump banned Bitcoin causing the price to implode to nothingness, whose posts would be most entertaining to read afterwards:

1)  Elwar
2)  Trollgoossens
3)  Marcus of Tel Aviv
4)  JayJuanGee

Trump better see to be in Office again...... cause there Will be more uncertainty about that for him.... Then about that time we Maybe don’t know where BTC could be already

The Trump team already initiated a study for 1)  an oil price shock and 2)  the effects of the collapse of price in Bitcoin study a while back so I wouldn't be too surprised if they clobber the Bitcoin Ponzi.

[El duderino_]

Still let say 13.8 current high and low 9 current low

Then what do we like more an instant red line and be at that low .... or a 2-3 month suffer of each day a few bucks lower?

Please give me the fast spikes

[Negotiation]

If Trump banned Bitcoin causing the price to implode to nothingness, whose posts would be most entertaining to read afterwards:

1)  Elwar
2)  Trollgoossens
3)  Marcus of Tel Aviv
4)  JayJuanGee

4 people are legend, not bell Trump  

Trump only shitcoin  

Got invitation letter soon micgoossens,JayJuanGee from The White House  

[realr0ach]

Please give me the fast spikes

Alright.  You asked for it.

[JSRAW]

If Trump banned Bitcoin causing the price to implode to nothingness, whose posts would be most entertaining to read afterwards:

1)  Elwar
2)  Trollgoossens
3)  Marcus of Tel Aviv
4)  JayJuanGee

4 people are legend, not bell Trump  

Trump only shitcoin  

Got invitation letter soon micgoossens,JayJuanGee from The White House  

Retina is that you?

[Negotiation]

If Trump banned Bitcoin causing the price to implode to nothingness, whose posts would be most entertaining to read afterwards:

1)  Elwar
2)  Trollgoossens
3)  Marcus of Tel Aviv
4)  JayJuanGee

4 people are legend, not bell Trump  

Trump only shitcoin  

Got invitation letter soon micgoossens,JayJuanGee from The White House  

Retina is that you?

who retina?