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

[JayJuanGee]

JJG, it's Thursday.
Well, according to @jupiter9, where else? - in Jupiter of course.

His level of dumb is kind of funny.  Gotta give him that, I suppose... 

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[AlcoHoDL]

Today we learned that Apple dropped its plans to end-to-end encrypt users' iCloud data backups.
I've been researching the issue of secure cloud backups recently; here are my recommendations.

https://twitter.com/lopp/status/1219670250767208451

How to Securely Back Up Data to Cloud Storage
https://blog.lopp.net/how-to-securely-back-up-data-to-cloud-storage/

For all your encryption needs, I highly recommend VeraCrypt. The continuation of the highly successful TrueCrypt project, it's free, open-source, and thoroughly tried and tested. The "open-source" part is especially important, and is considered a requirement for an encryption product that's worth your time and trust, as a closed-source product may have backdoors that no one can detect.

Need to store data on the cloud, but worried about others having access to it or the cloud server getting hacked? Simple! Just create an encrypted VeraCrypt container, put all your sensitive data in there, and then store the container file itself in the cloud. No one can access your files without the container passphrase, which only you will know.

[psycodad]

Today we learned that Apple dropped its plans to end-to-end encrypt users' iCloud data backups.
I've been researching the issue of secure cloud backups recently; here are my recommendations.

https://twitter.com/lopp/status/1219670250767208451

How to Securely Back Up Data to Cloud Storage
https://blog.lopp.net/how-to-securely-back-up-data-to-cloud-storage/

For all your encryption needs, I highly recommend VeraCrypt. The continuation of the highly successful TrueCrypt project, it's free, open-source, and thoroughly tried and tested. The "open-source" part is especially important, and is considered a requirement for an encryption product that's worth your time and trust, as a closed-source product may have backdoors that no one can detect.

Need to store data on the cloud, but worried about others having access to it or the cloud server getting hacked? Simple! Just create an encrypted VeraCrypt container, put all your sensitive data in there, and then store the container file itself in the cloud. No one can access your files without the container passphrase, which only you will know.

That's not a backup. Seen this too many times, people trusting the cloud, then comes a thunderstorm and that specific cloud where your goodies were is blown away (with or without encryption).  Think decentralization!
I used duplicity with free protonmail accounts to backup some important data offsite (additionally to local backups).

I agree thet Veracrypt looks mature, unlike i.e. encfs based things that shouldn't be trusted with important data as its not good enough for that. But it's a nice overview that VB1001 posted, thanks.

[makrospex]

Today we learned that Apple dropped its plans to end-to-end encrypt users' iCloud data backups.
I've been researching the issue of secure cloud backups recently; here are my recommendations.

https://twitter.com/lopp/status/1219670250767208451

How to Securely Back Up Data to Cloud Storage
https://blog.lopp.net/how-to-securely-back-up-data-to-cloud-storage/

For all your encryption needs, I highly recommend VeraCrypt. The continuation of the highly successful TrueCrypt project, it's free, open-source, and thoroughly tried and tested. The "open-source" part is especially important, and is considered a requirement for an encryption product that's worth your time and trust, as a closed-source product may have backdoors that no one can detect.

Need to store data on the cloud, but worried about others having access to it or the cloud server getting hacked? Simple! Just create an encrypted VeraCrypt container, put all your sensitive data in there, and then store the container file itself in the cloud. No one can access your files without the container passphrase, which only you will know.

Good to know, i loved TC.

Don't ask me what, but my SOMA analytics device tells me something is about to happen USDBTC-wise soon. Cryptotwitter getting overly bullish, the pre-halving expectations are high, it's just a question if the market will follow or some majority (in terms of relative volume) will successfully trade against this. bears are still lurking, waiting to strike, may them starve on all their fiat!

[makrospex]

JJG, it's Thursday.
Well, according to @jupiter9, where else? - in Jupiter of course.

His level of dumb is kind of funny.  Gotta give him that, I suppose...  

You just can't see what Jupiter9 does, it's all clearly written in the sky!
OPen your eyes and you will see (and believe)...


EDIT: Wait, i think the effect of my acid is fading out. Shit, the writings are gone too, now

[DeathAngel]

Liverpool FC (LFC_Bitcoin will enjoy this) Goalkeeper, Alisson Becker in his instagram story last night -

Maybe he is ready to PUMP us back to Vegeta?





I wonder if he is a coiner?

[bitserve]

What if you invest some of that %4 back into bitcoin?

Investment of an investment. Investmentception. Infinite money. *mindblown

I know you are being ironic here... but at some point you will want to hedge. That is if you ever reach your goals in first instance. Or maybe even you would feel like doing it gradually way before reaching those goals.

Reaching financial independency is not just about a goal figure. It is more about safety in preserving that status.

Get that (MAX) $5 million amount we were previously discussing. Having it all in one SINGLE asset (or even asset class) and NOTHING anywhere else (including no income or retirement pension) could end up being financial suicide. No matter if it is a somewhat "risky" asset like crypto, inflationist FIAT, or even a way more conservative and safe asset like real estate... because... even in the later case... what happens if there is a war in the country you have all your RE? You are fucked.

A healthy and reasonably safe balance should be the goal at some point.

Of course that balance is something very personal... and maybe you could be perfectly fine with $1-$2 million in conservative investments even if you have a somewhat disproportionate $100 million in crypto. OTOH having $300K in crypto and absolutely nothing else (no paid home, no fiat savings and no or insignificant income) would be bonkers... even if for SOME people that all-in "bet" ended stupendously in the past. Many others didn't make it and were forced to liquidate at the worst possible moment.

(*) Some figures have been intentionally exaggerated to make my points more clear.

[kurious]

What if you invest some of that %4 back into bitcoin?

Investment of an investment. Investmentception. Infinite money. *mindblown

I know you are being ironic here... but at some point you will want to hedge. That is if you ever reach your goals in first instance. Or maybe even you would feel like doing it gradually way before reaching those goals.

Reaching financial independency is not just about a goal figure. It is more about safety in preserving that status.

Get that (MAX) $5 million amount we were previously discussing. Having it all in one SINGLE asset (or even asset class) and NOTHING anywhere else (including no income or retirement pension) could end up being financial suicide. No matter if it is a somewhat "risky" asset like crypto, inflationist FIAT, or even a way more conservative and safe asset like real estate... because... even in the later case... what happens if there is a war in the country you have all your RE? You are fucked.

A healthy and reasonably safe balance should be the goal at some point.

Of course that balance is something very personal... and maybe you could be perfectly fine with $1-$2 million in conservative investments even if you have a somewhat disproportionate $100 million in crypto. OTOH having $300K in crypto and absolutely nothing else (no paid home, no fiat savings and no or insignificant income) would be bonkers... even if for SOME people that all-in "bet" ended stupendously in the past. Many others didn't make it and were forced to liquidate at the worst possible moment.

(*) Some figures have been intentionally exaggerated to make my points more clear.

Very sound advice, Bitserve.  I agree that having a spread of safe savings that provide income away from the BTC rollercoaster ultimately makes absolute sense.  

Hodling Bitcoin does not provide income, it's an investment that you have to realise; whether that be incrementally, or all at once.

There is a time to diversify and make sure your retirement is not dependent on any one asset, and to make sure you're safe in most eventualities.  If anyone gets to have 'enough' to retire on from BTC and leaves it ALL IN, they will feel the pain of every dip severely, often to the point where they dare not cash any in during that dip.  

Having a decent trickle of income sorted for your retirement that you can feel comfortable with is a good thing - keeping some Bitcoin too also makes sense, but depending entirely on the BTC price after you've stopped working would not be an easy ride.

TLDR: At the point when you have done well enough, it makes sense to cash some in and diversify.  

[dragonvslinux]

Today we learned that Apple dropped its plans to end-to-end encrypt users' iCloud data backups.
I've been researching the issue of secure cloud backups recently; here are my recommendations.

https://twitter.com/lopp/status/1219670250767208451

How to Securely Back Up Data to Cloud Storage
https://blog.lopp.net/how-to-securely-back-up-data-to-cloud-storage/

For all your encryption needs, I highly recommend VeraCrypt. The continuation of the highly successful TrueCrypt project, it's free, open-source, and thoroughly tried and tested. The "open-source" part is especially important, and is considered a requirement for an encryption product that's worth your time and trust, as a closed-source product may have backdoors that no one can detect.

Need to store data on the cloud, but worried about others having access to it or the cloud server getting hacked? Simple! Just create an encrypted VeraCrypt container, put all your sensitive data in there, and then store the container file itself in the cloud. No one can access your files without the container passphrase, which only you will know.

I'm also a big fan of veracrypt, it's basically what truecrypt was meant to be (open-source) before it was liberated. I've been using it for years to backup my sensitive digital data and never had any problems with it, not even corrupt files. I'd also recommend getting a cold storage access laptop (one that you've removed the wifi card and bluetooth with no ethernet port) to access your containers if you do so regularly. The obvious point of failure would be keylogging malware registering your veracrypt container password (especially on closed-source OS's), then gaining access to your encrypted container - otherwise it's pretty much flawless encryption and security.

Hardware wallets are great for storying a handful of crypto-based keys, but veracrypt with a cold laptop is much more suited for dozens of keyrings and other sensitve data.

[Gyrsur]

it's over now! sell your bitcoins before it is to late. good luck to everyone!

#nohomo

EDIT: from now on I will follow this newbie with no exceptions. he will show me the true path to heaven.

https://bitcointalk.org/index.php?topic=5146383.0;topicseen

https://bitcointalk.org/index.php?topic=5152851.0;topicseen

[lightfoot]

it's over now! sell your bitcoins before it is to late. good luck to everyone!

#nohomo

For what? Some garbage fiat offered by a corrupt government to play their game?

Sorry, bitcoin is the only game in town.....


Edit: Oh your info came from a real bitcoin trader! Well that's different, run for the hills!!!!!

[El duderino_]

it's over now! sell your bitcoins before it is to late. good luck to everyone!

#nohomo

#nohomo

[Gyrsur]

it's over now! sell your bitcoins before it is to late. good luck to everyone!

#nohomo

#nohomo

so sad my Belgian lost second child of my mother. 

[El duderino_]

#bitserve, indeed that the worst case scenario, when you believe complete and go all inn ( what is never the most sane option, but if), but are forced to cash some out at the worst time possible   ....

Imo some real estate or a house and a bit of land to own isn't the worst, if those options are possible.

[makrospex]

it's over now! sell your bitcoins before it is to late. good luck to everyone!

#nohomo

#nohomo

so sad my Belgian lost second child of my mother. 

c'mon we're all brothers in arms (except the bug, who fell in a fight against physical metals)...

[Gyrsur]

please lost WO brothers don't take any post too serious because this is not the real life.



^^this is not me but Thermos!

[El duderino_]

We only are serious when it comes to WO 

[El duderino_]

@nutildah, I can only say I have seen some of the truly most beautiful spots I have ever seen in my life in the Philippines .... For real!

[Icygreen]

Phillipines are really on my radar recently, speaking with friends and plenty of recommendations here. . Palawan is where the missus wants to go.  Videos look unreal!!

[bitserve]

Very sound advice, Bitserve.  I agree that having a spread of safe savings that provide income away from the BTC rollercoaster ultimately makes absolute sense.  

Hodling Bitcoin does not provide income, it's an investment that you have to realise; whether that be incrementally, or all at once.

There is a time to diversify and make sure your retirement is not dependent on any one asset, and to make sure you're safe in most eventualities.  If anyone gets to have 'enough' to retire on from BTC and leaves it ALL IN, they will feel the pain of every dip severely, often to the point where they dare not cash any in during that dip.  

Having a decent trickle of income sorted for your retirement that you can feel comfortable with is a good thing - keeping some Bitcoin too also makes sense, but depending entirely on the BTC price after you've stopped working would not be an easy ride.

TLDR: At the point when you have done well enough, it makes sense to cash some in and diversify.  

It's not just that Bitcoin doesn't provide income... which is not completely true, because there are places where you can earn an interest from it. You incur in additional risk though. But even having full control of your Bitcoin and storing it safe has its risks. In fact it is a (way) riskier asset than many others. Thus the extraordinaire ROI till date... and possibly in the future.

There is not ONE single completely risk free asset. NONE. So yeah, that's why some hedging/diversifying is very recommended.

Life is all about balance... Finances too.

#bitserve, indeed that the worst case scenario, when you believe complete and go all inn ( what is never the most sane option, but if), but are forced to cash some out at the worst time possible   ....

Imo some real estate or a house and a bit of land to own isn't the worst, if those options are possible.

Yeah, as I have previously said I love RE. My first home, which I finished paying it a couple years ago, is my main asset (not counting Bitcoin). My second one I bought it past year and its basically all mortgage at this time... but as soon as I decide to cash out some Bitcoin, a good chunk will go to reduce or even wipe out the mortgage. Probably just reduce some, as my mortgage terms are very reasonable (30 years at around 1% interest) and it was probably my last opportunity to ever finance like that again.

I am very far from the point in which Bitcoin (or anything else) would allow me retire (something I don't really WANT to do anyways) but the first thing for me before "upgrading my lifestyle" would be to be completely debt free again.

RE/land won't probably make you rich in itself, but I don't see any point in being "rich" without having some RE... at the very least a fully paid home and some more if possible.

Of course part of that thinking is cultural, as in Spain most everyone decides to own home instead of renting, being the main "saving asset" of net worth. I know that's very different in many countries, specially in US where people do prefer (extreme) mobility instead. Also the type of construction, repair labour wages and related property taxes in the US mean the "maintenance" of most properties may require ridiculous amounts of money in many cases.