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

[JimboToronto]

https://www.youtube.com/watch?v=ZEcqHA7dbwM

[BitcoinGirl.Club]

Out of Merit at the worst fucking time. There’s loads of posts here I’d like to Merit, damn it.

Pass me the links
I have 11 left

[jojo69]

meh

[Toxic2040]

updated one hour chart

[cAPSLOCK]

You know how we talk about the next X minutes/hours/days/weeks being critical for BTC?

Well this is an possible inflection point.  Is it or is it not correlated to the legacy system.  Is it or is it not (yet?) a safe haven.

Big chance we are going down hard here... soon.

And yet... if we do not?

In regards to my above post...

Looks like the possibility that the markets are recognizing BTCs unique value prop.  Bitcoin followed markets down at the big crash... but it seems to be acting more like a safe haven since then, and it's action in the wake of the oil collapse is also in the "And yet... if we do not?" category.

I am pleased.

[strawbs]

↑ those charts are about as useful as a fart in the wind

[bitcoinPsycho]

↑ those charts are about as useful as a fart in the wind

It depends upon the purpose of the fart

[Globb0]

A fart in the wind is useful for detecting your prey

[jojo69]

↑ those charts are about as useful as a fart in the wind

easy there tex

I have made ALL my trades in the last 4 months based exclusively on Toxic's fine charts

every single trade

[strawbs]

↑ those charts are about as useful as a fart in the wind

easy there tex

I have made ALL my trades in the last 4 months based exclusively on Toxic's fine charts

every single trade

I'm sorry for your loss 

[vroom]

almost back at pre corona level. observing happiness.

[_javi_]

↑ those charts are about as useful as a fart in the wind

easy there tex

I have made ALL my trades in the last 4 months based exclusively on Toxic's fine charts

every single trade

trade? whats a trade? ah you meant the unidirectional USD -> BTC


glad to see the beast is back
go Honey BTCadger, go!

[LFC_Bitcoin]

Out of Merit at the worst fucking time. There’s loads of posts here I’d like to Merit, damn it.

Pass me the links
I have 11 left

https://bitcointalk.org/index.php?topic=178336.msg54283271#msg54283271

https://bitcointalk.org/index.php?topic=178336.msg54283250#msg54283250



Bob just sent me 10 so I will do them myself. Thanks a bunch Bob brother.

[VB1001]

8.000/9,000 And come on

[cAPSLOCK]

It looks to me like the line is drawn...  But we still have to cross it:

[kellrobinson]

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.

Mhh,
still checking but i hardly doubt this is the correct answer.
Haring a whole word as a checksum would be so wasteful.
I guess the checksum and the entroypy are "mixed" before getting the words.

The mnemonic must encode entropy in a multiple of 32 bits. With more entropy security is improved but the sentence length increases. We refer to the initial entropy length as ENT. The allowed size of ENT is 128-256 bits.

First, an initial entropy of ENT bits is generated. A checksum is generated by taking the first

ENT / 32
bits of its SHA256 hash. This checksum is appended to the end of the initial entropy. Next, these concatenated bits are split into groups of 11 bits, each encoding a number from 0-2047, serving as an index into a wordlist. Finally, we convert these numbers into words and use the joined words as a mnemonic sentence.

https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki#Generating_the_mnemonic

So I guess the result is rather 2048*2048.
Still doable, btw.

Assuming he uses a 12 word seed.
The checksum is 4 bits.
So would that mean that there are only 2048*16 possibilities?
The next question would be whether you could write a script to exploit that angle.

[JimboToronto]

When we passed $7.7k on stamp it marked the doubling of the bottom of $3.85k we hit at the peak of the covid-market-crash panic.

When we touch $8k, I'll consider that page turned.

Good riddance.

[Toxic2040]

↑ those charts are about as useful as a fart in the wind

[VB1001]

 

[cAPSLOCK]

When we passed $7.7k on stamp it marked the doubling of the bottom of $3.85k we hit at the peak of the covid-market-crash panic.

When we touch $8k, I'll consider that page turned.

Good riddance.

I sincerely have a feeling  that this spring's Covid Crash will end up being seen as one of the MAX PAIN turning points in BTC's history.