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

[Lambie Slayer]

There has been a fierce battle between Coronavirus and Porn for the title of the internets most googled word over the last 7 days. Coronavirus is winning right now but appears to have peaked and about to cede to King Porn.

The fate of humanity is at stake.

https://trends.google.com/trends/explore?date=now%207-d&q=coronavirus,porn

Who the hell google "porn" in 2020?

Apparently most of the internet. I had read porn was the most googled word, but it seems thats wrong and some words like News and Facebook are a bit higher.

[1714158094]

1714158094

[1714158094]

1714158094

[1714158094]

1714158094

[1714158094]

1714158094

[1714158094]

1714158094

[Lambie Slayer]

Sorry gents, false alarm. Humanity is SAFU, people across the world still prefer googling Facebook over Coronavirus. Spending hours a day looking at pics of each others food is still the top priority. Carry on.

https://trends.google.com/trends/explore?date=today%201-m&q=facebook,coronavirus

[VB1001]

Deribit to Launch Daily BTC Options as Regulated Competition Heats Up

Deribit announced this week it would begin offering daily bitcoin index options Feb. 3. Scheduled every day at 08:00 UTC, users will be able to begin trading options at a strike price of $125. Contracts expire two days after being listed.

The exchange will try to offer contracts that move within a 5 percent range around at-the-money (ATM) levels, Deribit's post said. The news gives traders a much wider range of expiry dates, and the platform will now have contracts that expire every day.

"These short-dated expiries are specifically interesting for investors and traders with a short-term view based on for example macroeconomic data or events," the post reads. Deribit's chief communication officer, Luuk Strijers, told CoinDesk the exchange had introduced daily options in response to "market demand."

https://www.coindesk.com/deribit-to-launch-daily-btc-options-as-regulated-competition-heats-up

[Dabs]

People who google "porn" or "facebook" are simply just too lazy to type up the actual domain names, and most likely have google as the default search engine that takes over when you type anything but a URL in their browser.

[Biodom]

FUD ?

https://www.newsbtc.com/2020/01/31/bitcoin-investors-be-aware-kraken-finds-way-to-hack-into-trezor-hardware-wallets/

Nope, fucking scary actually.
But it seems not Trezors fault, the STM32 micro misbehaves when it is voltage "glitched".
Basically the device is useless as hardware wallet without replacement, except when the seed is protected by a BIP39 passphrase (which is what Kraken recommends as fix/cure).

^ Krakens blog article is really very detailed and well written. You need only a minimal electronic understanding to reproduce the attack. (<- Meaning the crims will be up to speed quickly).

Not a new exploit just old rehased FUD, use a passphrase (like we all do) and have to be able to defend from physical attacks.

Passphrase? Yet another password to lose/forget.
Seriously, though, if you already have corn on Trezor without a passphrase, then wouldn't adding passphrase simply create another wallet/account on the same Trezor?
If so, you would have to make an additional step of transferring corn from OLD (no passphrase) account to NEW (with passphrase) account.
Am I correct or not?

[Dabs]

Yes, that is correct. You could leave some corn on the unpassworded wallet as decoy, while no one else would know about the wallet with the passphrase.

There are still reasons to use hardware wallets, and remember, they still need physical access to the device.

If they have physical access to you (and that includes any member of your family), then no passphrase is going to protect your corns.

[JimboToronto]

Laziness I guess.

Convenience.

Same thing.

[cAPSLOCK]

an application that allows you to make Lightning payments with your bank account or debit card. Using Strike requires the following: a debit card or bank account. That’s it; no wallet, no node, no channels, no swaps, no liquidity management, no anything.

https://medium.com/@JimmyMow/announcing-strike-by-zap-4f578c7c8984

Bank accounts and debit cards can now speak to nodes all over the world, and nodes all over the world can now speak to bank accounts and debit cards. The possibilities are endless and the sky is the limit.

pretty good




edit https://twitter.com/JackMallers/status/1222941238279708674?s=20

Great and inspiring find, V8 - it looks like it might be the killer app... the Bitcoin VISA.

Sure it's early days, and I know it's not people having Bitcoin and spending it as we might idealise - but I think this rocks.  I get LN, but I haven't found any real reason I want to use it.  With this everyone just might and be linked to Mr Nakamoto's beautiful idea without even knowing it.

May be very early days. I signed up for the beta and still have not heard back but indeed could be a killer app if it takes hold.

Such an interesting family the Mallers.  Jack's grandfather was the Chairman of the CBOE.  In the above article that's probably Jack's mom buying a joint with her (step?) son's app. Lol.

Worth a listen:
https://www.whatbitcoindid.com/podcast/bitcoin-and-cannabis-with-bitcoin-mom-bill-and-jack-mallers

[hv_]

FUD ?

https://www.newsbtc.com/2020/01/31/bitcoin-investors-be-aware-kraken-finds-way-to-hack-into-trezor-hardware-wallets/

Nope, fucking scary actually.
But it seems not Trezors fault, the STM32 micro misbehaves when it is voltage "glitched".
Basically the device is useless as hardware wallet without replacement, except when the seed is protected by a BIP39 passphrase (which is what Kraken recommends as fix/cure).

^ Krakens blog article is really very detailed and well written. You need only a minimal electronic understanding to reproduce the attack. (<- Meaning the crims will be up to speed quickly).

On the positive side, it means that people who have forgotten their trezor pin can now get access to their bitcoins.

Always look on the bright side of ...   

[Last of the V8s]

https://twitter.com/DrEricDing/status/1223308656101462016

what the fucking fuck is this

[Last of the V8s]

https://mailchi.mp/seasteading/jan14dinner-389905



what goddam buffoonery is this

[Last of the V8s]

the absolute state of this planet smh
I need a fucking gun

[Lambie Slayer]

Wise words and I mostly agree with everything you said. Enough of thread hijack I guess.

Let's just fucking moon (ie: $50K-$100K) sometime during the next 5 years and just fuck all this philosophy about "need"... It won't probably be that easy though.

As The Dude would say: Going to HODLsleep now

I think philosophy that is kind of based on how much we expect the BTC price to go up.. or if it does not is pretty damned relevant to this thread, and it surely would seem that $50k to $100k is doable within the next 5 years... even though we know that we have to prepare for worser case scenarios.. such as flat for five years or even worse, but Up seems slightly greater odds than flat or down.. especially if we are in the 5-ish years ballpark of expectations...

With bitcoin, one thing is how much up, and another thing is what is the sustainability aspect... so the down after up portion of it.

By the way, I seem to be kind of repeating myself (what else is new?), but I am thinking that our odds for the bottom of $6,425 bottom being in might even be getting above 50/50...

Remember we had a $3,124 bottom, and then people were worried about sub-$5k.. which also seems to becoming less and less likely that we are going to see sub $5k.. ... and gosh-golly.. maybe $6,425 is looking greater likelihoods of being in...

I know, I know, I know, we were just at $7,175 at new years, so that is only 30 days ago.

It would NOT be outrageous to go back to $7,175 and retest it, but even that $7,175 does not have to be retested in order to be able to go up...   We do not have to have down before UP... we could have Up before down... or up before more up.... . (not counting staying above $9k as being significantly enough to be labelled as "down" in my own chosen definition of what is "down").

I do believe that it would be quite unlikely to break through $10k and to stay above $10k without getting some down.. so there is that, too. TLDR: Buried in my boring text walls I like to make price predictions all the time, with probabilities, caveats, disclaimers, and more.

I have a Salty Cunt disease that ironically makes me cry little bot tears when someone like Slayer makes an accurate prediction as he does here and there(end of bear market Dec. 17, Bargain Boyz buy zone). I will accuse these people of wanting to be Gods or Sorcerers. Obviously anyone who isnt retarded will see the absurdity of such accusations.

If anyone makes a prediction with too much certitude be it bearish or bullish I will cry and my blood pressure will rise. I cant help being such a hypocrite, but Slayer is kindly helping me work on this.

Its okay little JJG bot. Dont be so hard on your little "selfie". In a sense you are kind of a God yourself so cheer up.

You always wanted to be interesting but you bored everyone you tried to entertain. However as a persistent little bot you discovered a secret. You can type boring walls of text so often that its actually interesting how boring and long you make them.

This makes you a God and Sorcerer like you always wanted. The God of Boredom.  

All Hail the Mighty JJG Boredom Bot

[jojo69]

https://twitter.com/DrEricDing/status/1223308656101462016

what the fucking fuck is this

weaponization

assumptionception indeed

[yslyv]

Below photo is from Peter Brandt's last video.

I also agree with him that if we keep going in this channel, it will not be possible to buy bitcoin cheaper for a long time. looks like btc price was tangent to the bottom wall of the channel.

[Lambie Slayer]

https://twitter.com/DrEricDing/status/1223308656101462016

what the fucking fuck is this

weaponization

assumptionception indeed

I was just reading about this on twitter while V8s was posting it. He is fast with the new stuff, respect.

TLDR: Researchers are claiming China created the outbreak by combining HIV with a coronavirus and we are all gonna catch Aids-Flu.

Thanks China.

[Lambie Slayer]

https://gnews.org/89749/


Breaking news: China will admit coronavirus coming from its P4 lab

"A reliable source told Miles Guo today that the Chinese Communist Party (CCP) will admit to the public of an “accidental” leak of lab-created virus from a P4 lab in Wuhan to put blames on “human errors”. But the official announcement is still being finalized.

Initially, the Chinese communist’s propaganda machines were blaming the virus on wild animals like bats by showing many videos of people eating bats.

In January 2018, a bio-safety level four (BSL-4) laboratory was built in the city of Wuhan, which focuses on the control of emerging diseases and stores purified SARS and other types of viruses. It is supposed to act as a WHO ‘reference laboratory’ linked to similar labs around the world."

[Lambie Slayer]

More global health FUD. High level FUD material here, newbs beware.

https://twitter.com/ARanganathan72/status/1223320879162986496

"Oh my god. Indian scientists have just found HIV (AIDS) virus-like insertions in the 2019-nCov virus that are not found in any other coronavirus. They hint at the possibility that this Chinese virus was designed ["not fortuitous']. Scary if true."

https://t.co/h6xPX1gYvj?amp=1

Come to think of it, China was awful quick to let its doctors bypass current laws and use HIV medications to treat patients. Kinda like they had a hint that HIV drugs might work.......

https://www.biospace.com/article/abbvie-to-donate-hiv-drug-to-china-as-potential-treatment-for-coronavirus/

"The Chinese government is turning to a drug developed by AbbVie for HIV patients as a potential treatment for the outbreak that has reached the shores of the United States."

[Lambie Slayer]

I never thought the end of the world would be from everybody getting an STD.

[jojo69]

I need a fucking gun

 Just one ? 

recommending y'all just stand well back from me

nobody breathes on me motherfuckers