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

[JimboToronto]

Good morning Bitcoinland.

Still sideways in the $11xxx range... currently $11812USD/$15652CAD (Bitcoinaverage).

Ah, the summer doldrums.

Amazing days for crypto!
I expect bitcoin and eth to hit ATHs very soon

You appear to be lost kind sir or kind madaam.  

how can you be so bearish?  

It's not about being bearish. JJG is usually pretty bullish.

It's about this being a Bitcoin thread.

There's a whole sub-forum for Altcoin Speculation.

https://bitcointalk.org/index.php?board=224.0

"Crypto" is an annoying term (often accompanied by "blockchain technology") used by those who don't recognize the superiority of decentralized, non-pre-mined, limited-supply Bitcoin.

[JayJuanGee]

Amazing days for crypto!
I expect bitcoin and eth to hit ATHs very soon

You appear to be lost kind sir or kind madaam.  

how can you be so bearish?  

Seems that the word would not be bearish, but instead distracted.. if you happen to not be lost, and if you are attempting to defend ur position, then perhaps you are a bit distracted rather than lost?

bearishness is a different category of discussion than being lost or distracted, so there is that angle, too.  
 
Regarding me personally, I have a pretty long track record posting in this thread, and sure bearish is a relative term, but not too many folks who have been paying attention in this thread would characterize my posts as tending towards bearishness.. especially in times like this when ongoing BTC price pressures have been pushing UPpity.. and furthermore, I have continuously proclaimed that we (referring to BTC here, not some shitcoin or some vague concept related to the space) have been confirmed to have been in a bull market since about May 2019... and sure we have had some meaningful and long-lasting corrections along the way, but I have not really fallen away from my May 2019 and subsequent assertions that BTC had entered into a bull market.... so there would be nothing really bearish about current BTC happenings... nor concerns from me that our current BTC price action may even be approaching anything close to either a blow off top or some kind of reversal in the bullish trend..

  but sure.. it can be a bit difficult to argue with any kind of relative term like whether one member (such as me) might be more bearish than some other member.. I don't feel any need to prove or demonstrate my level of bullishness or bearishness because I have a pretty consistent posting record.. especially if you do any kind of browsing through this thread, maybe you might be able to find some representative posts that might establish your questions/concerns about my current BTC price dynamic assessments, but I doubt it.....

I'm no expert in predicting the future (who is?), but observing recent Bitcoin price action, and the ease of crossing the 10,000 € boundary multiple times, give me a strong indication/gut feeling that we are in the beginning of a MEGA pump of stratospheric proportions.

Brace yourselves. 6 digits coming soon.

-- CCMF & Carolina memes by the end of 2020,
-- WO Dick Pic Buffet on May 12th, 2021.

Whoaza, AlcoHoDL....      We are going to need to bring batman out to slap/snap you out of your seemingly overflowing and exuberant bullishness.

You are out of line, soldier.

 



 

Amazing days for crypto!
I expect bitcoin and eth to hit ATHs very soon

You appear to be lost kind sir or kind madaam.  

how can you be so bearish?  

It's not about being bearish. JJG is usually pretty bullish.

It's about this being a Bitcoin thread.

There's a whole sub-forum for Altcoin Speculation.

https://bitcointalk.org/index.php?board=224.0

"Crypto" is an annoying term (often accompanied by "blockchain technology") used by those who don't recognize the superiority of decentralized, non-pre-mined, limited-supply Bitcoin.

Surely, more specific and direct than some of us peeps (referring to yours truly).

[LFC_Bitcoin]

https://twitter.com/whale_alert/status/1294328960839553025?s=21



Next leg up soon!





Brrrrr

[fillippone]

<...>

"Crypto" is an annoying term (often accompanied by "blockchain technology") used by those who don't recognize the superiority of decentralized, non-pre-mined, limited-supply Bitcoin.

There is no crypto,
There is only bitcoin.

10 years ago a bug was exploited to create 184 billion BTC. Due to the ability to easily audit the supply it was noticed quickly; bug was patched in 5 hours.

Several protocols have since suffered inflation bugs that went unnoticed for months.

Independent auditability has value.

https://twitter.com/lopp/status/1294263470662340612?s=21

Only thinking to put Bitcoin and Yam 🍠 on the same sentence make my guts twist...

[Dabs]

You guys got the 12 word seed thing part wrong.

Short version:
12 words is like 128 bits (2048^12 = 2^132)
24 words is like 256 bits

Long version:
https://en.bitcoin.it/wiki/Seed_phrase
https://www.reddit.com/r/Bitcoin/comments/6twuj1/are_12word_seeds_for_bitcoin_private_keys_secure/

There was some nuance to the question that sort of took it in a particular direction.

The discussion started after someone posted a picture of a cool bolt/wingnut/washer mnemonic device.  And the question was how long would it take to put 24 (or 12) words into the right order.

12 vs 24 from the dictionary of 4096 words?  Both quite secure.  But if you had the 12 washers and did not know the order, doable with enough CPU power to run the permutations.  24? Not so much.

So I think we were talking about different parts of the elephant.

Ahh yes.. if anyone has physical access to your bolt and nut, you're probably almost screwed, especially if they have not yet disassembled the device. If they were stupid enough to unlock the nut and spill out the washers randomly, then you have some time to move the coins (assuming that was not your only copy of the seed phrase).

[Hueristic]

Brrrrr

How do I vote for these print and spend republicans?

I really need a pittance when they toss 5 trillion to corporate welfare hidden in the bill.

[Hueristic]

Amazing days for crypto!
I expect bitcoin and eth to hit ATHs very soon

Ohh your gonna do just fine in this thread.

[Hueristic]

Ahh yes.. if anyone has physical access to your bolt and nut, you're probably almost screwed, especially if they have not yet disassembled the device. If they were stupid enough to unlock the nut and spill out the washers randomly, then you have some time to move the coins (assuming that was not your only copy of the seed phrase).

As was mentioned earlier keep a record elsewhere of the order obfuscated by a simple method like just the first letter of each and put them on the bolt out of order.

[cAPSLOCK]

hah lol. and the thousand xmr bagholders in this very thread audibly gasp

Nah... we are done gasping at this one...

[cAPSLOCK]

It is finished. Over and done. we knew it was coming but it's time. pack it all up and go home. don't forget to sweep under the chairs and switch off the lights. no more fun. no more degen gambling

https://blog.bitmex.com/announcing-the-bitmex-user-verification-programme/

mehlternatives include DarkMEX, bustabit, bybit stuff like that but eh


fin

I mean... there's always TradeOgre?  But does this not mean the Barting might be coming to an end?  I wonder if this was not being driven by a desire within TPTB that have realized it's time to take real control over this market.  Who know's what's next?

[cAPSLOCK]

You guys got the 12 word seed thing part wrong.

Short version:
12 words is like 128 bits (2048^12 = 2^132)
24 words is like 256 bits

Long version:
https://en.bitcoin.it/wiki/Seed_phrase
https://www.reddit.com/r/Bitcoin/comments/6twuj1/are_12word_seeds_for_bitcoin_private_keys_secure/

There was some nuance to the question that sort of took it in a particular direction.

The discussion started after someone posted a picture of a cool bolt/wingnut/washer mnemonic device.  And the question was how long would it take to put 24 (or 12) words into the right order.

12 vs 24 from the dictionary of 4096 words?  Both quite secure.  But if you had the 12 washers and did not know the order, doable with enough CPU power to run the permutations.  24? Not so much.

So I think we were talking about different parts of the elephant.

Ahh yes.. if anyone has physical access to your bolt and nut, you're probably almost screwed, especially if they have not yet disassembled the device. If they were stupid enough to unlock the nut and spill out the washers randomly, then you have some time to move the coins (assuming that was not your only copy of the seed phrase).

First of all very few people have access to my "bolt and nut".  Ehem... that aside:

Personally in my imaginary scenario I had stored my bolt and nut at my bank, which was blown up by antifa protesters severing the bolt (dear Jesus), and scattering my nuts (this has to stop now - plus they're WASHERS) and I then had to put them back together.

In the end (har har), I decided that the very best strategy would not only be to stamp the word on each washer, but a numeral as well (1-24).

After this I also thought it might be cool to stamp them in something other than the actual order and store a key to that in a second place.

Nifty - but i seem to tend to the over complex...

[fillippone]

What does it means when even Warren Buffet shots legacy fiat financials and get long Gold(sir something really close to)?

Berkshire reduces Wells Fargo, JPMorgan, Goldman stakes; adds Barrick Gold

Aug 14 (Reuters) - Warren Buffett's Berkshire Hathaway Inc BRKa.N said on Friday it has reduced its investments in some of the largest U.S. banks, lowering its stakes in Wells Fargo & Co WFC.N and JPMorgan Chase & Co JPM.N and eliminating a stake in Goldman Sachs Group Inc GS.N

In a regulatory filing detailing its U.S.-listed investments as of March 31, Berkshire also disclosed a new 20.9 million share investment in Toronto-based Barrick Gold Corp ABX.TO, one of the world's largest mining companies

If warren Buffet want to buy Gold, it’s time to get your seatbelt fastened.

[insert “it’s happening.gif” here]
My body is ready.

[jojo69]

[Biodom]

What does it means when even Warren Buffet shots legacy fiat financials and get long Gold(sir something really close to)?

Berkshire reduces Wells Fargo, JPMorgan, Goldman stakes; adds Barrick Gold

Aug 14 (Reuters) - Warren Buffett's Berkshire Hathaway Inc BRKa.N said on Friday it has reduced its investments in some of the largest U.S. banks, lowering its stakes in Wells Fargo & Co WFC.N and JPMorgan Chase & Co JPM.N and eliminating a stake in Goldman Sachs Group Inc GS.N

In a regulatory filing detailing its U.S.-listed investments as of March 31, Berkshire also disclosed a new 20.9 million share investment in Toronto-based Barrick Gold Corp ABX.TO, one of the world's largest mining companies

If warren Buffet want to buy Gold, it’s time to get your seatbelt fastened.

[insert “it’s happening.gif” here]
My body is ready.

That's a weird move from WB.
I guess they did not let him do his favorite deals (8-10% coupon on some preferrds), so he got cranky.
Still, his Wells Fargo stake is 6bil vs goldmimner (GOLD) 600mil.
However, he is known to take and exit positions in chunks.

[philipma1957]

You guys got the 12 word seed thing part wrong.

Short version:
12 words is like 128 bits (2048^12 = 2^132)
24 words is like 256 bits

Long version:
https://en.bitcoin.it/wiki/Seed_phrase
https://www.reddit.com/r/Bitcoin/comments/6twuj1/are_12word_seeds_for_bitcoin_private_keys_secure/

There was some nuance to the question that sort of took it in a particular direction.

The discussion started after someone posted a picture of a cool bolt/wingnut/washer mnemonic device.  And the question was how long would it take to put 24 (or 12) words into the right order.

12 vs 24 from the dictionary of 4096 words?  Both quite secure.  But if you had the 12 washers and did not know the order, doable with enough CPU power to run the permutations.  24? Not so much.

So I think we were talking about different parts of the elephant.

Ahh yes.. if anyone has physical access to your bolt and nut, you're probably almost screwed, especially if they have not yet disassembled the device. If they were stupid enough to unlock the nut and spill out the washers randomly, then you have some time to move the coins (assuming that was not your only copy of the seed phrase).

a 24 word seed. on two bolts.

brass washers numbered 1 - 12   using 12 seed words of 24

aluminum washers number 1-12. using 12 seed words of 24
 
stored in two places.

if an evil doer  finds the brass ones he will think he has a 12 word set of a seed and go no where.

if a second evil doer finds the aluminum ones he will think he has a 12 word set of a seed and go no where.

so an evil doer needs to find both and then figure it is a 24 seed wallet not a pair  of separate 12 seed wallets


but what if i find both my brass 1-12 and my aluminum 1-12

well a comes first so list the 12 aluminum then list the 12 brass.

[WastedLTC]

a 24 word seed. on two bolts.

Splitting it only doubles your chance of losing it all by losing just one of them.

[P_Shep]

a 24 word seed. on two bolts.

Splitting it only doubles your chance of losing it all by losing just one of them.

Indeed, people seem to no be quite getting it.

[AlcoHoDL]

I'm no expert in predicting the future (who is?), but observing recent Bitcoin price action, and the ease of crossing the 10,000 € boundary multiple times, give me a strong indication/gut feeling that we are in the beginning of a MEGA pump of stratospheric proportions.

Brace yourselves. 6 digits coming soon.

-- CCMF & Carolina memes by the end of 2020,
-- WO Dick Pic Buffet on May 12th, 2021.

Whoaza, AlcoHoDL....      We are going to need to bring batman out to slap/snap you out of your seemingly overflowing and exuberant bullishness.

You are out of line, soldier.

 

 

Not just yet...

Batman will give the slapping, but only after May 12th, 2021 can it be decided who will receive it. 

GTCTTWW.

HoDL.

[philipma1957]

a 24 word seed. on two bolts.

Splitting it only doubles your chance of losing it all by losing just one of them.

Indeed, people seem to no be quite getting it.

actually I get it just fine.

If I went this route I would have the two bolts sorted in two different bank safety deposit boxes.


The bolts are more of a back up for physical destruction safety of the  wallet.

For me at my age hodl for more then 10 years may happen but I would be 73 in ten years. With no kids so I would most likely want to spend the money so having it stashed in 1 safety box is not  what I want. If I have the two bolts spilt in two boxes it will take me more time to get to it.

So it forces me to hodl I would like to hodl till I am 73.

[yefi]

C'mon BTC, show us what ya got!