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

[AlcoHoDL]

Ledger App Isolation Bypass
04 August 2020

https://monokh.com/posts/ledger-app-isolation-bypass

This post will disclose a vulnerability in the Ledger hardware wallets that can lead to theft of user funds.

An attacker can exploit this method to transfer Bitcoin while the user is under the impression that a transaction of another, less valuable altcoin (e.g. Litecoin, Testnet Bitcoins, Bcash, etc.) is being executed

If you use bitcoin forks on your device, you could be affected. You should avoid using these ledger apps until fixes are available.

The issue has been disclosed to Ledger but remains unaddressed. See Disclosure Timeline.

I've always preferred my Trezor more than my Ledger; this just reinforces that belief

To upgrade the firmware on the Ledger you have to delete the "Bitcoin app" first. Very scary process. I don't like clicking a button that says "Do you want to delete your bitcoins? Are you really really sure??"

Somehow it remembers the pass phase so you don't have to reenter it, but still.....

They are wasting everyone's time putting shitcoin support on this thing, and (as now demonstrated) increasing the attack surface. Very stupid IMHO.

FWIW, deleting the "Bitcoin app" should not scare you at all. If it does, then you either haven't understood how a wallet works, or you haven't followed the appropriate steps to secure it. A seed can't be deleted. As long as you have your seed securely backed up (ideally in multiple places, physically separate from each other), then you have no reason to be scared. Trezors/Ledgers are just fancy containers.

Reality check: if you feel worried and scared at the thought of your Trezor/Ledger being lost, stolen, destroyed, you're doing it wrong.

[1713265587]

1713265587

[1713265587]

1713265587

[LFC_Bitcoin]

$11,512
$11,557
$11,600 (I can do this all day)

[soullyG]

Observing $11,573

Pumpaj?

[JL0]

It's coming but whic one ?

[Dorodha]

#Bitcoin is ready to rip to all time highs.



Twitter post: https://twitter.com/JJcycles/status/1290995194519838720


Is Bitcoin really going to be the best ever and is it going to happen? Although Bitcoin has a lot of potential is bitcoin just moving at its own pace or is bitcoin being influenced by something?

[LFC_Bitcoin]

#Bitcoin is ready to rip to all time highs.



Twitter post: https://twitter.com/JJcycles/status/1290995194519838720


Is Bitcoin really going to be the best ever and is it going to happen? Although Bitcoin has a lot of potential is bitcoin just moving at its own pace or is bitcoin being influenced by something?

Bitcoin is being influenced by something, yes. It’s called the power of the people who no longer want to be controlled by their governments & slaves to inflationary currency. Bitcoin is the future young padawan. Buy before it’s too late.

What you are seeing with the price is the effect of the halving, reduce the supply, increase the demand which is the total opposite of what the Fed is doing, BRRRRRR !

#cantprintmorebitcoin
#21million

[Philipma1957cellphone]

If we're going to spend an entire August in 11xxx range... well, that's fine with me.

It's a good range!

Stability is good, sometimes trading in a sideways range for significant period is a good thing. Se were in the $9’000’s for a while before we broke out. I’m cool with being in the $11’000’s for a month or two if it means we break out & push towards $14,000 or something by November.

This is very important, bitcoin for the most part has gone above the 10k barrier but is has been unable to remain there for long, when looking at the historical data from coingecko this is what I get.

Days in a row above 10k.
From 28 NOV 2017 to 30 JAN 2018    63 days
From 01 FEB 2018 to 01 FEB 2018      1 day
From 16 FEB 2018 to 21 FEB 2018      6 days
From 23 FEB 2018 to 24 FEB 2018      2 days
From 27 FEB 2018 to 07 MAR 2018   9 days
From 22 JUN 2019 to 16 JUL 2019      25 days
From 19 JUL 2019 to 23 JUL 2019      5 days
From 01 AUG 2019 to 28 AUG 2019      28 days
From 03 SEP 2019 to 21 SEP 2019      19 days
From 23 SEP 2019 to 23 SEP 2019      1 day
From 10 FEB 2020 to 10 FEB 2020       1 day
From 12 FEB 2020 to 15 FEB 2020       4 days
From 19 FEB 2020 to 19 FEB 2020       1 day
From 02 JUN 2020 to 02 JUN 2020       1 day
From 28 JUL 2020 to TODAY       8 days and counting
Total: 173 days

Number of days above 10k by year

2017	33 days
2018	47 days
2019	78 days
2020	15 days and counting

2020 is the year where unpredictable things have happened which was not expected, or people have not seen in decades of their life. We are witnessing many things for 1st in our life and this year just could be the change for bitcoin as well and witness something which we had not seen till now.

Let's hope it is good for us and btc. I WANT 12345.67 SOON!

[Lucius]

Ledger App Isolation Bypass
04 August 2020

https://monokh.com/posts/ledger-app-isolation-bypass

Definitely worth mentioning, but not as dramatic as it seems at first glance -> https://bitcointalk.org/index.php?topic=5266620.msg54938150#msg54938150

I've always preferred my Trezor more than my Ledger; this just reinforces that belief

Trezor is of course one of the two choices when it comes to HW, but they also have their weaknesses that cannot be repaired at all - I hope you have set up passphrase on your device -> https://donjon.ledger.com/Unfixable-Key-Extraction-Attack-on-Trezor/

[JayJuanGee]

They say after 10,000 hours of something, you become a master of it. You guys are looking at a master of checking the #bitcoin  price.

https://twitter.com/bitcoincameron/status/1290700961447653385?s=21

I might be a master of a master in this one

Yes, El duderino_, for your assiduous services in difficult conditions to checking the #bitcoin price, the Board Of Giving Doctorates And Notices Of Virtuous Service has promoted you to the Honorarium Of Doctorates Licentiorum, and you may now assume the moniker El doctorino_ (HODL), or Dr duderino_ (HODL) if you prefer.

Dr duderino_ seems appropriate

Thx

Even though long, I kind of prefer mcdoctorduderino... for some strange reason... it seems to roll off the tongue better.

[serveria.com]

If we're going to spend an entire August in 11xxx range... well, that's fine with me.

It's a good range!

Stability is good, sometimes trading in a sideways range for significant period is a good thing. Se were in the $9’000’s for a while before we broke out. I’m cool with being in the $11’000’s for a month or two if it means we break out & push towards $14,000 or something by November.

This is very important, bitcoin for the most part has gone above the 10k barrier but is has been unable to remain there for long, when looking at the historical data from coingecko this is what I get.

Days in a row above 10k.
From 28 NOV 2017 to 30 JAN 2018    63 days
From 01 FEB 2018 to 01 FEB 2018      1 day
From 16 FEB 2018 to 21 FEB 2018      6 days
From 23 FEB 2018 to 24 FEB 2018      2 days
From 27 FEB 2018 to 07 MAR 2018   9 days
From 22 JUN 2019 to 16 JUL 2019      25 days
From 19 JUL 2019 to 23 JUL 2019      5 days
From 01 AUG 2019 to 28 AUG 2019      28 days
From 03 SEP 2019 to 21 SEP 2019      19 days
From 23 SEP 2019 to 23 SEP 2019      1 day
From 10 FEB 2020 to 10 FEB 2020       1 day
From 12 FEB 2020 to 15 FEB 2020       4 days
From 19 FEB 2020 to 19 FEB 2020       1 day
From 02 JUN 2020 to 02 JUN 2020       1 day
From 28 JUL 2020 to TODAY       8 days and counting
Total: 173 days

Number of days above 10k by year

2017	33 days
2018	47 days
2019	78 days
2020	15 days and counting

2020 is the year where unpredictable things have happened which was not expected, or people have not seen in decades of their life. We are witnessing many things for 1st in our life and this year just could be the change for bitcoin as well and witness something which we had not seen till now.

Let's hope it is good for us and btc. I WANT 12345.67 1234567.89 SOON!

Here, corrected it for you...

[NeuroticFish]

I WANT 12345.67 1234567.89 SOON!

Here, corrected it for you...

So this is how the 75% greed looks like today.
I'd be scared of how it'll look when it'll go higher.

[JayJuanGee]

Ledger App Isolation Bypass
04 August 2020

https://monokh.com/posts/ledger-app-isolation-bypass

This post will disclose a vulnerability in the Ledger hardware wallets that can lead to theft of user funds.

An attacker can exploit this method to transfer Bitcoin while the user is under the impression that a transaction of another, less valuable altcoin (e.g. Litecoin, Testnet Bitcoins, Bcash, etc.) is being executed

If you use bitcoin forks on your device, you could be affected. You should avoid using these ledger apps until fixes are available.

The issue has been disclosed to Ledger but remains unaddressed. See Disclosure Timeline.

I've always preferred my Trezor more than my Ledger; this just reinforces that belief

To upgrade the firmware on the Ledger you have to delete the "Bitcoin app" first. Very scary process. I don't like clicking a button that says "Do you want to delete your bitcoins? Are you really really sure??"

Somehow it remembers the pass phase so you don't have to reenter it, but still.....

They are wasting everyone's time putting shitcoin support on this thing, and (as now demonstrated) increasing the attack surface. Very stupid IMHO.

You're only deleting the "app" not the seed but yes, I agree. It's a very weird process

Might disincentivize updating... at least on the margins... which could add up to a decent number of people not updating to better security.

FWIW, deleting the "Bitcoin app" should not scare you at all. If it does, then you either haven't understood how a wallet works, or you haven't followed the appropriate steps to secure it. A seed can't be deleted. As long as you have your seed securely backed up (ideally in multiple places, physically separate from each other), then you have no reason to be scared. Trezors/Ledgers are just fancy containers.

Reality check: if you feel worried and scared at the thought of your Trezor/Ledger being lost, stolen, destroyed, you're doing it wrong.

Can we speak for the average person?  or the average bitcoiner?  Even if you do not practice, you run out of skills and confidence, and humans are subject to making errors - even smart-ass peeps.

[Phil_S]

I have a gut feeling of 12500, this weekend.  

I hope so  

Chart from : https://twitter.com/inmortalcrypto/status/1290694835452678146

Found this on Twitter  

"11.5k is the most important level" ?

All right, I'll take it!

Now that we're well above it...  

[serveria.com]

I have a gut feeling of 12500, this weekend.  

I hope so  

Chart from : https://twitter.com/inmortalcrypto/status/1290694835452678146

Found this on Twitter  

"11.5k is the most important level" ?

All right, I'll take it!

Now that we're well above it...  

14k, 17k, 19k, ATH or whatever else number being mentioned as "important" is not important at all in fact... we're just at the very beginning of this facemelting bullrun... I'd say the closest important level is around 25k as we'll move up into the "there be dragons" unmarked and unknown area...   

[cAPSLOCK]

I LOVE it when one of my random lines I drew last week is about to get punched.

I know I had some sort of rationale for this one...

[serveria.com]

Meanwhile: closing in on 12k.... 

[Toxic2040]

Good morning
#dyor

dragoonflys over pond
1h


unleash the hound
4h

#stronkhands

[Torque]

The ignorant masses see Bitcoin and PMs rising in price and think it's because they are in some kind of speculative bubble.

It's called "real value assets repricing against a plummeting dollar."

[JayJuanGee]

#Bitcoin is ready to rip to all time highs.



Twitter post: https://twitter.com/JJcycles/status/1290995194519838720

Is Bitcoin really going to be the best ever and is it going to happen?

I don't understand the need to speak in superlatives.  Ok.  sure, bitcoin is likely the best, and sure bitcoin is likely going to be the best into the future, because bitcoin has a lot of strong fundamentals that are continuing to persist and continuing to NOT get fucked up.  On the other hand, we are taking a snapshot in time, and even though we have a current status that sets bitcoin up for continuing to outperform other assets, there are no guarantees in bitcoin or in other aspects of life, including the extent to which other assets or other human behavior can play off of bitcoin in one way or another - multi-causal influences that contribute to a certain amount of unknowingness in the future, even if the past can be described with more absolute-isms because the past has already happened.

Although Bitcoin has a lot of potential is bitcoin just moving at its own pace or is bitcoin being influenced by something?

multi-causal influences - and likely there would be only small likelihoods that value would gravitate into bitcoin all of a sudden... the whole bitcoin system just does NOT seem set up to handle all-at-once gravitation of value, even if bitcoin is the most sound of assets, currently... and even if bitcoin would just have to absorb whatever value it could take, if it were presented with such an unlikely scenario in which all value would be redirected towards it.

Another reason that it would be unlikely for all of the value to be directed into bitcoin would be that currently, bitcoin still remains so damned small (something like less than 1% world adoption), so it hardly even makes sense that a lot of value would flow into bitcoin until it first gradually grows (and gradual can also seem like exponential while we are caught int the middle of trying to recognize and appreciate such "happening" growth).

[LFC_Bitcoin]

Meanwhile: closing in on 12k.... 

$13,000 by the end of the week? What odds are you giving me on that, hey?