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

[Biodom]

Impossibru!

[1714915482]

1714915482

[1714915482]

1714915482

[1714915482]

1714915482

[VB1001]

Coinbase Accidentally Saves Unencrypted Passwords of 3,420 Customers

Major crypto platform Coinbase has emailed 3,420 Coinbase customers to disclose an accident with customer registration. Some registration details were apparently stored in clear text on the logs of Coinbase’s internal server, with affected customers now required to change their passwords.

Coinbase announced the news in an official blog post on Aug. 16. According to the announcement, Coinbase has resolved the root cause of the bug and the platform is confident that stored data was not “improperly accessed, misused, or compromised.”

https://cointelegraph.com/news/coinbase-accidentally-saves-unencrypted-passwords-of-3-420-customers

Post Mortem: A closer look at a password storage issue affecting 3,420 customers

https://blog.coinbase.com/post-mortem-a-closer-look-at-a-password-storage-issue-affecting-3-420-customers-e23cfc8a0363

[jojo69]

Rubbish.

I wish I shared your optimism.  While I do believe that the State, as currently conceived, is becoming obsolete, I expect it to be an idea whose death throes will be quite violent.

[SuperTA]

Good morning WO
Observing BTC @10,380
Observing above picture Too
Speaking of dreams:
If you want to dream, dream it bigger:

https://twitter.com/digitaliknet/status/1162367526279491585?s=21

Something for fun It shows how would next 1458 days (full cycle) look like if price change history would repeat last 1458 days. As with all other graphs this one is live so it is interesting to see how estimated ATH is changing over time.
digitalik.net/btc/cycle_repe…
#bitcoin #btc

Bro, don't compare and copy this pattern  from 2016! That was a bad pattern, caused by collapse of mt.gox. Which caused longer sideways movement after the bear market.
That's why many people think this bull rally 2019 from 3k to 14k was too fast. Because they compare this year's rally with previous start of 2016 bull rally. We are in a different circumstances right now and we will probably have a different pattern this time. Besides that, this pattern looks very unnatural, if you look the pattern from today's point to 2021.

[fillippone]

Coinbase Accidentally Saves Unencrypted Passwords of 3,420 Customers

Major crypto platform Coinbase has emailed 3,420 Coinbase customers to disclose an accident with customer registration. Some registration details were apparently stored in clear text on the logs of Coinbase’s internal server, with affected customers now required to change their passwords.

Coinbase announced the news in an official blog post on Aug. 16. According to the announcement, Coinbase has resolved the root cause of the bug and the platform is confident that stored data was not “improperly accessed, misused, or compromised.”

https://cointelegraph.com/news/coinbase-accidentally-saves-unencrypted-passwords-of-3-420-customers

Post Mortem: A closer look at a password storage issue affecting 3,420 customers

https://blog.coinbase.com/post-mortem-a-closer-look-at-a-password-storage-issue-affecting-3-420-customers-e23cfc8a0363

#deletecoinbase
#neverforget

[jbreher]

You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)

Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding?

A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst.

- jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia

Noted:  Jbreher admits to being one of the armagaeddon nutjobs.  Hopefully, you, jbreher, are not staking too much of actual value (more  than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication)  on such an unlikely scenario.

I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.

I might subscribe to this, but the question is what form it would take.
Imagine for a moment that ALL bonds in developed countries (or at least up to 30 year) are with negative yield (like in Germany right now).
What would it mean?
To me, it would almost certainly mean that you would be charged for deposits. In a big picture this would look like system malfunction.
El-Erian recently said that fin system is not set up to operate with negative yields. Think of insurance and pension funds, for example.
In this situation, who would have deposits larger than a month or two of expenses?
Reset where and how would reset affect those negative rates?

I don't think that the CBs/IMF/etal have WarRoomed the possibilities sufficiently in order to be ready when the offal hits the oscillator. Accordingly, they will likely react in panic. Which would indicate the reset could go in any direction.

That said...

r0ach certainly spews a lot of shit. However, I can agree with him on one point. I think the most likely reset (should it occur within the near or mid term) would be a return to gold as the ultimate basis of world monetary system. I suppose there might be an interim step of 'backed by SDR', but I don't expect that particular sleight of hand to last more than a decade itself.

I do see scenarios where Bitcoin (be it BTC, BSV, or BCH) becomes the reserve currency, but given current state and rate of current trends, less likely. At least in the short term.

As far as interest rates? Repudiated debt does not carry interest.

I don't see the rebasing of the monetary system happening any time soon. Governments never give up power willingly, and the power to print money is the single greatest power they hold.

I don't disagree with you on the governmental desire to coin money. However, the next monetary crisis, there will be no backstop. They will be powerless when the value of any currency they can manage trends toward zero.

[serveria.com]

Ahhhh.... I like bottom.

7/10 nice but not perfect. I'm not into fitness girls and this girl seems to have done a lot of squats...    I prefer rounder, more feminine butts  

[El duderino_]

Impossibru!

Could say that, but I do love to think that nothing is impossible

[JayJuanGee]

Fair enough point, but I still would be hesitant to put all my eggs in one basket, no matter what my age.  Of course, if you are real young and barely just living on your own (moving out of the parent house or even living with parents and in the early stages of building your wealth), then in those cases, you usually do start with just investing in one thing while you are building your portfolio, and then you might start to expand out with the passage of time.  If you only have one investment because you are just starting to invest, then probably in those kinds of circumstances, you might start out with bitcoin... perhaps?  Those are somewhat individually tailored decisions concerning how diversified any person needs to be in terms of cash flow and projected expenses, too.

It also depends on your income. I'm not 20 but still at the start of my career, without a good diploma, so not a great salary. Most of my savings go towards my company's stock, as it's making a matching contribution, it's a safe bet I can't overlook. I was in the stock market but sold everything as it became scary, two years later it has basically not moved (French stock market), so I just lost some dividends, but got peace of mind. Overall I'm 30% company stock, 30% cash, 40% BTC, with BTC's share quite volatile obviously. At current prices I couldn't even buy 1BTC/year so not really worth it, better keep cash and buy when it's lower. I want to put the company stock and some/most of the cash towards a home with a small mortgage on top, after that I might put more money towards BTC, but not even sure, I'd like some land, maybe a bit of forest.

You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, and yeah, I agree that we should not be making the bulk of our investment decisions and/or allocations based on such unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there, such as roach and like-thinking acolytes of similar dumbass mindsets)

In that case you also need physical gold, stashed at home. An ETF or whatever is useless. Stashing at home has its own downsides.

Well, each of us has to make a choice.  I know that I invested into a 401k plan that had employer matching, for well over 15 years, and I would max out that 401k plan to the tax deductible limit.  However I did not know about BTC druing that time, so I am not really what would have happened in those pre-2014 days. 

So, yeah, currently, if I was building my investments, I probably would maximize at least the matching portion of the fund first, and then consider whether I should maximize the tax deductible portion before allocating to BTC.  People might decide differently, but there is a certain level of attractiveness and even convenience to have a decent amount of your investment funds under one roof.

Regarding Armageddon, I am still suggesting that guys gotta be fucking super careful regarding how much credence that they are giving to Armageddon scenarios that are likely in the less than 1%  likelihood and h9ow much of their value are they investing into such a low likely scenario.

Do the fuck what you like, ultimately, but it is also good to attempt to grapple with the probabilities and don't be fucking investing way the fuck higher than the probabilities that you even assign to such events.  Yeah, if you happen to be an Armageddon nutjob then you are going to assign higher values to that so there is ONLY so much that normal people can  talk the dumb out of dumb, so do the fuck what you like if you are assigning higher probabilities to such situations.

[jojo69]

...not into fitness girls...

 

[JayJuanGee]

It will take several more months to get shit re-arranged. Miss you all (even JJG. Sort of).

Well, I am glad that you sort of miss me, and hopefully you are able to catch up on everything  - not a bad thing to have a lot of balls in the air, as long as you are feeling that none of them are getting too out-of-control.  Look forward to seeing you in a few months, and insulting you in some kind of meaningless way, too.         

[JayJuanGee]

Its strangely quiet around here.  JJG took a day off  , Roach not enlightening us with rare never before seen knowledge about metals, centralization designs, and pyramids.  

Can you imagine that JJG is an alter ego of our poor scrochie? This could be a real conspiracy theory.

Yeah, but it is dumb as fuck, with nearly pure fantasy.

Get a grip, degxtra1.   

[JayJuanGee]

I've never sodl a single satoshi since the day I've started accumulating in 2016.

Cryptotourist's other points are also true.

Don't like me just because I make moon predictions. I only tell what I (can) see ahead of us.

I was calling 3k (theymos did too), last year when we were going down.

Anyway just ignore me if you don't like me.

First, it seems to be true that you have been a bit overly bearish and nearly cheering for the downside.

Second, who gives any fucks if theymos also happened to be calling for $3k?  That does not make calling for $3k correct or even reasonable.

Third, in recent times, lambie also seems to have a bit of a hard-on for bearish framings, just like ivomm mentioned/highlighted.

[mindrust]

I don't understand how I am bearish with all the charts I've shared.

There isn't a single bearish chart I shared in the last 6 months at least.

All I said was "If it drops below that level I am a buyer but I think and want it to go up." Corrections will happen just like it happened before. They may be big or small but they do happen and every once in a while they create a good buying opportunity especially in bull markets. Like it or not, they do happen.

I couldn't believe it when serveria called me a bear and now there are 3 of you guys.

I think you need to read my posts more carefully. I don't know how many times I repeated that we are in a bull market I am not going to quote those posts because at this point I am starting to think that I am being trolled.

P.S. Leave lambie alone.

[JayJuanGee]

Finally, my deposit of $300 arrived at the exchange. Unlike some others, I enjoy market buys no matter the price. After 2 weeks I will buy with another $800. I will sell them when I make a 10% profit.... Just kidding of course. Anything under 1000% profit is out of consideration for me.

And all goes to my HW. Although some of the investors trade with a portion like 10%, I refuse to trade. The reasons are multiple - not your keys not your coins, hazards of the market and last but not least, every selling damages the ecosystem. Imagine if all investors decide to sell 10% of their stash after each small increase on 3-4 exchanges. That's around 1.8 mil coins (or a "bit" less if we count the lost coins)! So, for me such bahaviour is irresponsible and holding back the growth of the price. Thanks God not everyone is like that.

I would not be knocking shaving off strategies, because such shaving off strategies can be completely prudent, especially if a portfolio is considerably in profits and if a person's accumulation goal is achieved or even greatly exceeded.

Of course, if you are still in a largely accumulation stage, then you are going to be questioning other strategies, especially if you are having difficulties relating to their being in a different stage than you.

By the way, bitcoin has made me rich as fuck, and pretty much I can shave off 1% of the value of my BTC for every 10% rise in BTC into perpetuity, and it really is not going to end up eating into the value of my BTC holdings in any kind of meaningful way, it just gives me way fucking more fiat to spend on whatever the fuck I want., if I so choose.

[El duderino_]

Naaaah you good man (@mindrust)

Keep speaking your mind/thought cause thats why we are here for

And if people would think wrong or wouldn’t like what you think, Then thats there problem!

[JayJuanGee]

Its strangely quiet around here.  JJG took a day off  , Roach not enlightening us with rare never before seen knowledge about metals, centralization designs, and pyramids.  

Can you imagine that JJG is an alter ego of our poor scrochie? This could be a real conspiracy theory.

I have to admit, I would be impressed if that turned out to be the case, mainly because pulling off the JJG persona as an artifice would be serious art.

My persona (or avatar) is no artifice!!!!!!!!



jo-squared!!!!!

[600watt]

Guys, I've decided to give my alter ego, r0ach, a vacation. I'll be posting with this account for a while.

let us hope he is using the famous never-come-back-airline 

[ivomm]

Naaaah you good man (@mindrust)

Keep speaking your mind/thought cause thats why we are here for

And if people would think wrong or wouldn’t like what you think, Then thats there problem!

Of course, Mic, nobody is forbidding anyone from speaking. Obviously not even neo-nazis like r0ach, unfortunately. But there are people who may be tempted to use their reputation to imprint fear in the others (which is a definition of FUD). How we can recognized it? If that person starts with something like "Bad news" when there is no news, or makes a bearish predicition which he repeats... I don't know, may be 10 times or more in the last 6 months. And if he openly admits that he missed the oportunity to buy at some price. Then it is obvious to me that we should not be influended by his dramatic chart analysis. That's all.

May be they are wonderful persons in real life, but not everyone is so good like you Mic to give prizes and encourage others with the best possible advices. I've became a convinced hodler because of people like you, JJG, 600Watt, LFC Bitcoin, etc.... I mean, my ideas, education, understanding about Bitcoin meet completely theirs. Not because I believed the gloom and doom predictions. So my mission is to say openly the truth and encourage all to turn their back to the panic selling or waiting for unreal low prices because of trolling, FUD, etc.

And as for lambie and mindrust, I believe they need some time to develop the right thinking. In this respect I said they are new to the Bitcoin world. Others learn faster. I needed only 10 months in the midst of all the fork and Chinese ban drama to develop my thinking and mental resilience both in losing and winning periods. But not everyone is the same. The problem is that the time is limited. And if someone is on the wrong track, soon he will miss the last oportunity for a massive profit.

[JayJuanGee]

You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)

Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding?

A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst.

- jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia

Noted:  Jbreher admits to being one of the armagaeddon nutjobs.  Hopefully, you, jbreher, are not staking too much of actual value (more  than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication)  on such an unlikely scenario.

I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.

Oh gosh... That seems to be a high level of certainty that you are placing on something that I attribute, approximately 1% odds.

Maybe that is part of the explanation for our differing views?