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

[makrospex]

I'm sure Mic is joking...

But...

Always keep several copies of your recovery seed in paper (or other non-digital) form, and not all in one physical place (e.g., if you have two houses, keep copies in both). Also, use a passphrase in addition to the seed, and never write it down, for plausible deniability and also in cases where someone finds your seed and recognizes what it is.

Another thing I want to stress is that TREZOR, Ledger, and any other h/w wallet that uses standard BIP protocols (almost all of them do), are all interchangeable. This means that you only need the seed (+ the passphrase, if you use one). There is absolutely no difference if you use a TREZOR, Ledger, or even a s/w wallet like Mycelium. Your coins are not "stored" inside these devices. They exist in a universe-sized, multidimensional mathematical construct, and you only have a map to find them. The map is you seed (+ the passphrase, if you use one). That's all you'll ever need to access them.

So, don't worry if you ever lose your TREZOR or Ledger. They are just containers of something you (should) already have.

I may add that keeing portions of the seed (wordlist) in several places makes sense, too.
If there's theft or robbery, they will only get away with a part of the seed.
Be sure to include detailed information in your testament.

I think obfuscating the seed by separating it into 2 or more places poses more risk than it mitigates no?  If you have a passphrase that's not written with the seed then it won't matter if the whole seed phrase is lost to theft assuming you have a backup or a wallet still running it.   I could see where giving the passphrase to a family member would make sense in the case of your passing while your seed or hw wallet could be found in your safe box.
I only say this because there's quite a few people who go to unnecessary lengths to hide their seed words by circling words in a book, keeping half here, half there, mixing the order and other silly ways of losing or forgetting how to put it back together properly.  Reckon it's probably one of the top 5 ways funds have been lost.

And that's why detailed informations about recovering the seed from fragments are important.
A passphrase won't work on non-digital versions of the seed, that's why i even considered fragmentation/obfuscation.
Also, if you have parts of the non-digital seed in various places, it's harder for people forcing you to hand over the seed wordlist.
Say, if you have to go to the notary to get you printed seed (or parts), for example.

[whiteboy420]

BTC/USD
Long/Short Ratio
81:18
% of supply long:short
0.17:0.039
Long Daily Charge
$44,325
Short Daily Charge
0.2801 BTC
Total Long
30,219 ($216,038,653)
Funded Longs
$126,643,502
Total Short
7,073 ($50,565,584)
Funded Shorts
5,187 BTC


i hate to say it but i guess the shorts gave up rather easy.

now all that is left is Bulls high on hopium.

can't share the same trade as them.

looking to close and maybe switch short on the next runup.

[bitebits]

Haven’t seen this mentioned here yet, but hard to keep up from time to time:

https://twitter.com/ergobtc/status/1197496064854634496?s=21

It is regarding a Plustoken scam?,supposedly continuously selling 200k bitcoins on Huobi. About 1300 per day, and 58000 still to go. Would explain the selling pressure?

[AlcoHoDL]

By the time Mic finds his seed, the price will have dropped to zero it seems...

Lots of red today...

[LFC_Bitcoin]

Haven’t seen this mentioned here yet, but hard to keep up from time to time:

https://twitter.com/ergobtc/status/1197496064854634496?s=21

It is regarding a Plustoken scam?,supposedly continuously selling 200k bitcoins on Huobi. About 1300 per day, and 58000 still to go. Would explain the selling pressure?

Wow, that guy has carried out a thorough investigation, kudos. I’m not bothered by the selling & subsequent price suppression, it’s giving me the chance to get to an ultimate OCD target number of coins I’ve been after for a long time.

We’ll go up when it’s time.

[SuperTA]

If Mic wants you all to know for some reason that he doesn't have btc we should accept that statement.

[Last of the V8s]

nonsense we all know it he's fucking satoshi

[Lauda]

RIP Upbit.  
https://upbit.com/service_center/notice?id=1085
https://twitter.com/DoveyWan/status/1199614694304047104

[Paashaas]

No whale can shake me out.

I keep buying every month.

[El duderino_]

I will give you guys something else to talk about something that cheered me up from recent misery .....

So here you go LFC_bitcoin



Note I have requested these cards from a very kind person on the BTCT forum .... Just asked for some small details

credit to: Basorexia

*hope you guys can find yourself in those cards

[El duderino_]

So here you go BobLawblaw



Note I have requested these cards from a very kind person on the BTCT forum .... Just asked for some small details

credit to: Basorexia

*hope you guys can find yourself in those cards

[Saint-loup]

RIP Upbit.  
https://upbit.com/service_center/notice?id=1085
https://twitter.com/DoveyWan/status/1199614694304047104

Hacked
350 000 eth got out

[El duderino_]

So here you go headmaster, cleaning lady or should I just say infofront



Note I have requested these cards from a very kind person on the BTCT forum .... Just asked for some small details

credit to: Basorexia

*hope you guys can find yourself in those cards

[El duderino_]

So here you go xhomerx10



Note I have requested these cards from a very kind person on the BTCT forum .... Just asked for some small details

credit to: Basorexia

*hope you guys can find yourself in those cards

[ivomm]

I'm sure Mic is joking...

But...

Always keep several copies of your recovery seed in paper (or other non-digital) form, and not all in one physical place (e.g., if you have two houses, keep copies in both). Also, use a passphrase in addition to the seed, and never write it down, for plausible deniability and also in cases where someone finds your seed and recognizes what it is.

Another thing I want to stress is that TREZOR, Ledger, and any other h/w wallet that uses standard BIP protocols (almost all of them do), are all interchangeable. This means that you only need the seed (+ the passphrase, if you use one). There is absolutely no difference if you use a TREZOR, Ledger, or even a s/w wallet like Mycelium. Your coins are not "stored" inside these devices. They exist in a universe-sized, multidimensional mathematical construct, and you only have a map to find them. The map is you seed (+ the passphrase, if you use one). That's all you'll ever need to access them.

So, don't worry if you ever lose your TREZOR or Ledger. They are just containers of something you (should) already have.

Mic said he lost his Ledger nano S. If he has written on paper his seed, nothing is lost, unless his PIN and password for Ledger live were stollen toghether with the device. Otherwise, mic has nothing to worry about. He may take control of his bitcoins either by software wallet (not reccomended) or by purchasing new device and entering the seed. I think the best way is to keep a note with the seed + pin on a very safe place in your house, where a burglar would never check. And to remember the seed. It takes some time, but it can be done. I really hope mic hodl stash is OK.

[El duderino_]

So here you go gjayjuangee



Note I have requested these cards from a very kind person on the BTCT forum .... Just asked for some small details

credit to: Basorexia

*hope you guys can find yourself in those cards

[El duderino_]

So here you go HairyMaclairy



Note I have requested these cards from a very kind person on the BTCT forum .... Just asked for some small details Tongue

credit to: Basorexia

*hope you guys can find yourself in those cards

[El duderino_]

No whale can shake me out.

I keep buying every month.

Dammit thought you already where all in a year back ....

[El duderino_]

RIP Upbit.  
https://upbit.com/service_center/notice?id=1085
https://twitter.com/DoveyWan/status/1199614694304047104

Hacked
350 000 eth got out

So you saying another fork about to happen??

[Last of the V8s]

edit: ^ gazumped again. by one second. nice to see your senses sharpening up now that you are poor and hungry

RIP Upbit.  
https://upbit.com/service_center/notice?id=1085
https://twitter.com/DoveyWan/status/1199614694304047104

Hacked
350 000 eth got out

Гaйз can you please stop trading. we need to roll back the chain kthx

edit2:

insert string of inventive expletives and insults

edit3