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

[600watt]

Hopefully, you are starting to spend before 73 and even before 10 years from now.

and gosh?  Spending over 10 years?  You expect to live to what?  83 years?  you have way more energy as a 63 year old than you are going to have in your post 73 years, no?  if you make it that long without any major issues, that is.

Fuck you, Jeej - I'm a Bitcoiner. I'm buying my way to 124 years old!

Wait a second... there were years in this thread you came across like a big blocker. Welcome back into the warm lap of the brotherhood. Let’s see if you can leave this uncommented and do not start to theorize about bcash/bsv being superior.

I think even Mr Armstrong of coinbase recently said „bitcoin“ publicly.
 

[1714066761]

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[1714066761]

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[Leviathan.007]

BTC/USDT 30M


As you can see on the chart, In short time-frames, Bitcoin is currently ascending and moving on the ascending channel to 12000usd resistance area once again. Also, we do have the parabolic sar, Ichi support area and channel floor support. That's why currently the expect to see the price rise to the resistance area.

BTC/USDT 4H


On the chart above, you can see the price react on 12000usd. Previously, after each time reaching this area we saw the price falling to the channel floor. On this time frame the 12000usd area can not be ignored at all. If the price breaks this area stabilized, bitcoin's next targets on weekly time-frame can be on 13K and 14.5K.

Here it is the next technical analyze on 3 minute and 4 hours time frame posted in my thread.

[600watt]

nice chart, so merited.

If you could include some interpretation, thoughts, speculation, outlooks, comments it would be even more valuable, imho.

[jbreher]

Hopefully, you are starting to spend before 73 and even before 10 years from now.

and gosh?  Spending over 10 years?  You expect to live to what?  83 years?  you have way more energy as a 63 year old than you are going to have in your post 73 years, no?  if you make it that long without any major issues, that is.

Fuck you, Jeej - I'm a Bitcoiner. I'm buying my way to 124 years old!

Wait a second... there were years in this thread you came across like a big blocker. Welcome back into the warm lap of the brotherhood. Let’s see if you can leave this uncommented and do not start to theorize about bcash/bsv being superior.

I'll spare you what I think is superior.

But I will say that ... on a spectrum of 'bitcoinishness', BTC, BCH, and BSV all have a spot. It is up to each of us to figure out what we believe that spot to be.

(hint: I'm an unrepentant bigblocker. Sorry to all you little-willies)

[600watt]

I'm a Bitcoiner.

(hint: I'm an unrepentant bigblocker. Sorry to all you little-willies)

sorta expected you‘d blow it.
cognitive dissonance isn’t usually a state of mind to brag about. sad. 

[JL0]

nice chart, so merited.

If you could include some interpretation, thoughts, speculation, outlooks, comments it would be even more valuable, imho.

Thank you for the merit    and added a comment.

[LFC_Bitcoin]

Morning gentlemen!

Observing $11,890!

I would tell you a COVID-19 joke but there’s a 99.62% chance you wouldn’t get it.

[LFC_Bitcoin]

Double post but fuck it -

[600watt]

Morning gentlemen!

Observing $11,890!

I would tell you a COVID-19 joke but there’s a 99.62% chance you wouldn’t get it.

ich lach´ mich tot... 

[Agapios]

Just checking when we will reach 27118, we are not far away

[reliable]

Just checking when we will reach 27118, we are not far away

To reach till 11800$ back from high of 20k it took couple of years. So not sure how long to break that 20k and to move towards 27118$ it will take it.

But for sure, if you want the quickest in not time to see that range then just dream about it 

[El duderino_]

I do understand people are salty for not being on the BTC train, nu f*** they will never be on it unless they outsmart themselves and just buy there first fraction or piece or whatever.... then start reading, learning, continue buying will happen then....

Don’t be salty, just join us, it’s the logical and responsible thing to do!

[El duderino_]

Just checking when we will reach 27118, we are not far away

To reach till 11800$ back from high of 20k it took couple of years. So not sure how long to break that 20k and to move towards 27118$ it will take it.

But for sure, if you want the quickest in not time to see that range then just dream about it 

We will be faster at that Nr as you will be at Eeeeuhm let us say 250-300 merits.... these postings will not get you there

[AlcoHoDL]

Every drop is counteracted. Loop closes when needed. (*)

Add a bit of FOMO, and the rocket launch shall commence.

Inverted pendulum leaning towards UP. FOMO breaks loop. Price action open-loop unstable --> +Infinity. (*)

If you know where to look, Bitcoin is like buying stocks with inside information.

To the moon and beyond!

HoDL.

* Control engineers will understand.

[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).

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.

Since we are talking about this, and some of us (ME!) are kinda tweaky and like yefi said entropy junkies etc... I have some suggestions maybe already made.

1.  Do not use aluminum. Aluminum melts somewhere just north of 600c which is a bad fire is going to be reached.  In a bank vault you are likely fairly safe?  But why risk it.  Use Brass and Stainless Steel, or Titanium.  I would say the latter two, but I think you are going for a color difference.

2. Use a BIP-39 passphrase.  This cannot be stressed enough.  This is the second layer of protection, that is absolutely needed!  And this is true for all setups IMHO.  All the various hardware wallet cracks using lasers etc?  Only good for getting the seed.  The password has to be brute forced.  So even a fairly simple password, or pass phrase will add a significant amount of entropy.

Bonus:  Using the BIP-39 passphrase gives us a cool trick we can play.  Say you are fortunate enough to own 10 bitcoin.  Well I would do this:  Put 1.x BTC in an address derived from ONLY the root seed words, and then the rest (8.x) in an address derived from the seed + password.  This gives you a way to "hand over all your bitcoin" if you were threatened without losing everything for real.

[Arriemoller]

Or, you could just write it on a piece of paper and give it to someone you trust.

[Arriemoller]

A farmer in England had his land littered with used tires by someone, he put up a camera and caught the guy on film, his daughter found the man on facebook, a local business, the man was confronted and refused to remove the tires. The farmer, with the help of some friends, collected the tires and dumped them in his front yard.
https://www.facebook.com/100044178352512/videos/vb.100044178352512/189691715846772

https://www.dailymail.co.uk/news/article-8627203/Landowner-uses-tipper-truck-pile-400-tyres-lawn-fly-tipper.html

So, Daily mail spells tires "tyres" is "tires" wrong?

[Icygreen]

BIP39 passphrase, stored in the brain and with a trusted family member. Exactly what I was thinking.
Already feeling inspired by the idea.

[AlcoHoDL]

Or, you could just write it on a piece of paper and give it to someone you trust.

...and then the person you trust misplaces that piece of paper, and it ends up in the hands of someone you DON'T trust. Your coins are gone!

My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.

Perhaps, you could share the seed with only one or two very special persons in your life, who fulfill all of the requirements below:

1. You fully trust them (obviously),
2. They understand what Bitcoin and the seed are, and are crypto-literate,
3. They take security matters VERY seriously,
4. Loved/family persons (parents, spouses, children) should be excluded if they don't satisfy 1~3, no matter how much you love them!

If persons belonging to (4) get mad at you for not sharing the seed with them, and complain that you don't love/trust them, etc., it means that they don't understand the implications of (2) and (3), and should never be given access to the seed.

[Arriemoller]

Or, you could just write it on a piece of paper and give it to someone you trust.

...and then the person you trust misplaces that piece of paper, and it ends up in the hands of someone you DON'T trust. Your coins are gone!

My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.

Perhaps, you could share the seed with only one or two very special persons in your life, who fulfill all of the requirements below:

1. You fully trust them (obviously),
2. They understand what Bitcoin and the seed are, and are crypto-literate,
3. They take security matters VERY seriously,
4. Loved/family persons (parents, spouses, children) should be excluded if they don't satisfy 1~3, no matter how much you love them!

If persons belonging to (4) get mad at you for not sharing the seed with them, and complain that you don't love/trust them, etc., it means that they don't understand the implications of (2) and (3), and should never be given access to the seed.

IE. Give it to someone you trust.