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

[JSRAW]

Party pooper.

[1714991268]

1714991268

[Last of the V8s]

[Cryptotourist]

I am not at all sure that even a for real BTC style dildo would cheer me up at this point.

Maybe a proof of gif - of young Ibian's - many success stories:

[fillippone]

Yeah all you need do is lock it all up nice and safe in a hardware wallet and wait 10-15 years

WARNING: DO NOT TRY THIS AT HOME

A friend of mine consolidated all his UTXO's in one and DELIBERATELY destroyed two words in his seeds.
So he's locked out from his funds, until a decent computing power comes at his hands (some time in the future required).
AND in any case cannot spend the coins overnight.


EDIT: Added disclaimer due to JJG concern.

[JayJuanGee]

In a few years people will look back at the price of $68xx & be depressed at selling in that price range.

Please fellow HODLERS, don’t sell at this pathetic price - DON’T BE A GREG!

Whats more, If he had held on to them till today he would be getting close to $12,000,000
Something to think about guys.

Hardly doubt that someone who sold @0.30 would have HODLED on the way from 0.31 to 20,000 and back.
This is why this kind of "what if had I bought BTC in 2010" are just worthless speculation.

Exactly.  We hear these kinds of bullshit talking points about HODLing through the UPs and DOWNs all the time, and it is really difficult to NOT to skim off a decent chunk of your BTC just to buy a playstation or to upgrade from a Honda to a Bimee.

HODLing and getting richie remains way the fuck more difficult than the detached from reality speculations regarding all of the "what ifs"

Yeah all you need do is lock it all up nice and safe in a hardware wallet and wait 10-15 years

Gosh.

I don't know about that.

Maybe I am my own worst enemy, but I feel that I have to check on matters once in a while... maybe at least once a quarter, but I suppose once or twice a year might be good enough, too.  

I had heard about the maintenance of bitcoin "watch only" addresses, but I had never really done that.  

So, far in my bitcoin practices, I have usually wanted to check on my bitcoins from time to time to make sure that I can still access them, and maybe even considering whether I feel that I might need to move a few around, too.. or maybe divide them up into different locations.. even though I recognize, too, that sometimes moving coins around might not be the greatest of ideas, either.  So, sometimes difficult to know how "cold" any of us might want to maintain our "cold" storage to be on a regular basis as a kind of "best practice" - or if there is such a thing as a "best practice" in these regards.

Yeah all you need do is lock it all up nice and safe in a hardware wallet and wait 10-15 years

A friend of mine consolidated all his UTXO's in one and DELIBERATELY destroyed two words in his seeds.
So he's locked out from his funds, until a decent computing power comes at his hands (some time in the future required).
AND in any case cannot spend the coins overnight.

That sounds like somewhere in the neighborhood of "pure crazy."  Maybe some people are their own worst enemy in their desire to either be extreme in their measures in their attempt to recognize their own lackings of self-control.

[vapourminer]

getting a trezor from amazon? eeeeeewwww good way to get rekt

get it from slush/satoshilabs

[bkbirge]

WARNING: DO NOT TRY THIS AT HOME

A friend of mine consolidated all his UTXO's in one and DELIBERATELY destroyed two words in his seeds.
So he's locked out from his funds, until a decent computing power comes at his hands (some time in the future required).
AND in any case cannot spend the coins overnight.

That sounds insane. I'd tend to think if someone has that little self control then they shouldn't be in this space at all.

[Biodom]

By that image he meant that this Trezor was tampered with, obviously.
Not sure if you can simply erase it afterwards, then reinstall the firmware.

Re hodling-I start to think (as years go by) that I don't want to hodl forever.
When pressure to sell becomes unbearable-give yourself a present and sell, say, 1%.
Unfortunately, Deribit is not available in US, but Ledgerx is, so maybe enter into a long term option contracts to buy or sell a small part.
So, if it rises above or drops below certain number (that you choose), a small portion would be taken away in lieu of cash.
I am too old school to give btc to blockfi and/or celsius as I don't think that it is safe.

[bitserve]

Yeah all you need do is lock it all up nice and safe in a hardware wallet and wait 10-15 years

WARNING: DO NOT TRY THIS AT HOME

A friend of mine consolidated all his UTXO's in one and DELIBERATELY destroyed two words in his seeds.
So he's locked out from his funds, until a decent computing power comes at his hands (some time in the future required).
AND in any case cannot spend the coins overnight.


EDIT: Added disclaimer due to JJG concern.

Only two words? Considering one is checksum, that's only 2048 tries IIRC.

Why did he do that though?

[Last of the V8s]

yes don't

get a trezor (get a coldcard)
get it from amazon (get it direct from the maufacturer)  
fail to notice the opened package  
fail to notice the tampered-with tamper-proof seal  
fail to service your wealth 

[Elwar]

Yeah all you need do is lock it all up nice and safe in a hardware wallet and wait 10-15 years

WARNING: DO NOT TRY THIS AT HOME

A friend of mine consolidated all his UTXO's in one and DELIBERATELY destroyed two words in his seeds.
So he's locked out from his funds, until a decent computing power comes at his hands (some time in the future required).
AND in any case cannot spend the coins overnight.


EDIT: Added disclaimer due to JJG concern.

I created a private key and deliberately deleted the first character.

I will have to wait until quantum computing reaches the insane amount of calculations it would require to figure out what my private key is. I hope I am still alive by then.

[jojo69]

A friend of mine consolidated all his UTXO's in one and DELIBERATELY destroyed two words in his seeds.
So he's locked out from his funds, until a decent computing power comes at his hands (some time in the future required).
AND in any case cannot spend the coins overnight.

hard fucking core...wow

that is some next level HODL right there

o7

[Biodom]

Yeah all you need do is lock it all up nice and safe in a hardware wallet and wait 10-15 years

WARNING: DO NOT TRY THIS AT HOME

A friend of mine consolidated all his UTXO's in one and DELIBERATELY destroyed two words in his seeds.
So he's locked out from his funds, until a decent computing power comes at his hands (some time in the future required).
AND in any case cannot spend the coins overnight.


EDIT: Added disclaimer due to JJG concern.

I created a private key and deliberately deleted the first character.

I will have to wait until quantum computing reaches the insane amount of calculations it would require to figure out what my private key is. I hope I am still alive by then.

^^^that is hilarious.
 

[vapourminer]

yes don't

fail to notice the opened package 
fail to notice the tampered-with tamper-proof seal 

wait wut?

i figured the package and seal were just extra quality control steps.. maybe disinfecting for covid

edit: didnt even notice the seal i stopped looking as soon as seeing the amazon package lol

so many wrongs in that image

[Biodom]

A friend of mine consolidated all his UTXO's in one and DELIBERATELY destroyed two words in his seeds.
So he's locked out from his funds, until a decent computing power comes at his hands (some time in the future required).
AND in any case cannot spend the coins overnight.

hard fucking core...wow

that is some next level HODL right there

o7

don't worry, his GF captured those two (maybe more) on her cell phone.

[JayJuanGee]

By that image he meant that this Trezor was tampered with.
Not sure if you can simply erase it afterwards, then reinstall the firmware.

Re hodling-I start to think (as years go by) that I don't want to hodl forever.
When pressure to sell becomes unbearable-give yourself a present and sell, say, 1%.
Unfortunately, Deribit is not available in US, but Ledgerx is, so maybe enter into a long term option contracts to buy or sell a small part.
So, if it rises above or drops below certain number (that you choose), a small portion would be taken away in lieu of cash.
I am too old school to give btc to blockfi and/or celsius as I don't think that it is safe.

Practically, it seems that all of us should be planning to sell portions of our BTC at some point, whether we are selling for various products or for cash in order to hedge or other related reasons, there should be some plans to sell (which might merely include reallocations from time to time).  

In other words, planning to live forever is not a realistic plan, and holy bejesus, don't most of us want to attempt to profit somewhat from riches that we have been acquiring through our lives (including the bitcoin portion of that value)?

  Yeah, maybe we are able to generate plenty of less valuable forms of value that we would spend those other forms of value first within gresham's law principles, but it still seems that ONLY the minority of us (especially if we are participating in a thread like this) would fit into a kind of category that we would make a BTC lifetime plan that does not involve any cashing out any of our BTC or attempting to benefit on a personal level in some regards from the likely asymmetrical profits that bitcoin is likely to bring (and continue to bring) to our richie status.  

[JayJuanGee]

Yeah all you need do is lock it all up nice and safe in a hardware wallet and wait 10-15 years

WARNING: DO NOT TRY THIS AT HOME

A friend of mine consolidated all his UTXO's in one and DELIBERATELY destroyed two words in his seeds.
So he's locked out from his funds, until a decent computing power comes at his hands (some time in the future required).
AND in any case cannot spend the coins overnight.


EDIT: Added disclaimer due to JJG concern.

Only two words? Considering one is checksum, that's only 2048 tries IIRC.

Why did he do that though?

Wow!!!!!(I am not kidding) 

There might be a method to the madness.  Only 2048 times, that is way fewer than I would have thought .

[Biodom]

By that image he meant that this Trezor was tampered with.
Not sure if you can simply erase it afterwards, then reinstall the firmware.

Re hodling-I start to think (as years go by) that I don't want to hodl forever.
When pressure to sell becomes unbearable-give yourself a present and sell, say, 1%.
Unfortunately, Deribit is not available in US, but Ledgerx is, so maybe enter into a long term option contracts to buy or sell a small part.
So, if it rises above or drops below certain number (that you choose), a small portion would be taken away in lieu of cash.
I am too old school to give btc to blockfi and/or celsius as I don't think that it is safe.

Practically, it seems that all of us should be planning to sell portions of our BTC at some point, whether we are selling for various products or for cash in order to hedge or other related reasons, there should be some plans to sell (which might merely include reallocations from time to time).  

In other words, planning to live forever is not a realistic plan, and holy bejesus, don't most of us want to attempt to profit somewhat from riches that we have been acquiring through our lives (including the bitcoin portion of that value)?

  Yeah, maybe we are able to generate plenty of less valuable forms of value that we would spend those other forms of value first within gresham's law principles, but it still seems that ONLY the minority of us (especially if we are participating in a thread like this) would fit into a kind of category that we would make a BTC lifetime plan that does not involve any cashing out any of our BTC or attempting to benefit on a personal level in some regards from the likely asymmetrical profits that bitcoin is likely to bring (and continue to bring) to our richie status.  

Well, masses of bitcoiners from 2011-2015 won't be able to successfully (without lots of slippage) sell a significant portion, unless the number of bitcoin users rises from 30-50 mil to 10X that number. It seems that btc is having some difficulties passing that chasm.

[bitserve]

Yeah all you need do is lock it all up nice and safe in a hardware wallet and wait 10-15 years

WARNING: DO NOT TRY THIS AT HOME

A friend of mine consolidated all his UTXO's in one and DELIBERATELY destroyed two words in his seeds.
So he's locked out from his funds, until a decent computing power comes at his hands (some time in the future required).
AND in any case cannot spend the coins overnight.


EDIT: Added disclaimer due to JJG concern.

Only two words? Considering one is checksum, that's only 2048 tries IIRC.

Why did he do that though?

Wow!!!!!(I am not kidding)  

There might be a method to the madness.  Only 2048 times, that is way fewer than I would have thought .

BIP39 uses a list of 2048 different words. If you have only two words missing, you can try each of those 2048 words and the other one can be automatically calculated so that the whole seed checksums correctly. At least in theory and assuming you know the position of the missing words.

[JayJuanGee]

yes don't

get a trezor (get a coldcard)
get it from amazon (get it direct from the maufacturer)  
fail to notice the opened package  
fail to notice the tampered-with tamper-proof seal  
fail to service your wealth 

V8:  You were trolling us?   I cannot see the tampering?  Is there something wrong with the seal on that package?