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

[Toxic2040]

[xhomerx10]

 

[Toxic2040]

Thy foul machinations shall not foil me so easily...I demand satisfaction sir..en garde!

[yefi]

What about the letter to the lawyer or whoever that is in your safe or whereever that explains everything upon your passing?

I think somebody mentioned before with split keys and Shamir's Secrets. So Billy would have half the seed and the lawyer the other half. Neither could spend the coins without the involvement of the other.

One would need to ensure the full seed could not be reconstructed from either part without impossibly expensive computation.

[Hueristic]

Fun battle going on.

http://dave.freeinforadar.ch/btcwars/

Neat!

They are using CoinbasePro data for the "battle."

Yeah, used to be bitfinex but I guess the api wasn't dependable.

There a link to a reddit thread on it, I wish there was a drop down to select what api we wanted.

[sirazimuth]

https://www.youtube.com/watch?v=h5y3GPiOy_E

https://www.youtube.com/watch?v=uJ7pgElCPXE

Brb, gonna trade all my BTC for that new Chainlink thingy that's looks so undervalued.

....

I had 1000 LINK.

Converted 900 into bitcoin about 4 weeks ago at £4 something. It’s been pretty annoying for me seeing it pump.

After watching shitcoin PnD charts for years now, I can tell you that for every new shitcoin that comes online, there's always one final ludicrous pump to da moon...if you have the cahonas to hold on that long. Then it crashes and fades into oblivion.

If you made any profit on a shitcoin pump, consider yourself lucky.

If I had held all the shitcoins I mined /traded back in the day (darkcoin, litecoin, doge monero, zcash to name just a few)I'd be a millionaire now.
I dumped all of them for bitcoin because I believed all of them to be pop/flop,pump/dump speculative gambles at best, scams at worst , and I still do and they still are.  I made a tidy profit. No regrets.
It could be worse. I could have been an early adopter and mined bitcoin with my cpu when it was worth pennies then dumped them all for like $10 thinking I made a killing... but then.....
(I do believe there are a lot of those folks on this forum)
Apologies for the shitcoinery talk.

Observing lots of bolts, nuts, washers and seeds....

[TheJuice]

Good evening. What a fantastic night to cross 12k. See if the bulls can do it.

[JayJuanGee]

What about the letter to the lawyer or whoever that is in your safe or whereever that explains everything upon your passing?

I think somebody mentioned before with split keys and Shamir's Secrets. So Billy would have half the seed and the lawyer the other half. Neither could spend the coins without the involvement of the other.

One would need to ensure the full seed could not be reconstructed from either part without impossibly expensive computation.

Hey, surely I am not against some use of expertise or even some kind of official-dome in terms of attempting to manage aspects of my estate, to the extent that I might employ enough foresight to attempt to list out my potential beneficiaries and to have a decent amount of my information in order at the time of my expected exit from this here world (and wo thread too), yet even though I was picking fun out of xhomer, a bit, I can also appreciate some level of push back regarding using the services of a lawyer - because in bitcoin we do not necessarily need permission to accomplish these kinds of transactional and transitional matters, but some kind of official-dome could come in handy - especially in the event that we would prefer that our estate gets passed on to whomever that we had chosen (or in line with our intentions and preferences) in a most-timely fashion rather than either going to the wrong people or getting caught up in litigation or some other delayed transition process...

Many of us likely appreciate that in reality, a lot of times, lawyers do end up getting involved in the various kinds of estate matters because the estates might not have been even set up very clearly from the start, and in that regard, as soon as some potentially left out (or ambiguously situated) heir figures out that there might be some attempts at private transfer of assets to some insider situated other heir, then shit could hit the fan and lawyers have become a bit of experts on sorting through some of those kinds of estate battles, whether the sorting ends up in negotiations or end up being actual follow through with the filing of legal claims.

[AlcoHoDL]

My grown-up kids and wife of decades are educated in the convoluted process of retrieving my coins should I get hit by a bus.

I don’t worry about them conspiring to “rob” me, because if that were to happen my life would have been a worthless sham and my problems far bigger than mere money.

Perspective.

I don't doubt that. Surely, they wouldn't rob you. They love you. But your grown-up kids and wife of decades are only humans. Humans make mistakes. The more people you reveal the seed to, the higher the chances the security of your coins is compromised. Period.

Wife has a dear sister, they love each other to bits, and women like to talk a bit too much. Out in the pub, chatting away, wife casually mentions to sister that she's OK financially, because husband (you) is really smart, he has taken care of it, by owning Bitcoin. Wife's sister doesn't know/understand much. A few days later she casually mentions this to her colleagues at work: "maybe we should buy this thing called Bitcoin, see, my sister's family is set for life, they own lots of them." Word spreads. The wrong kind of people hear about it. Next thing you know, your family is kidnapped and the seed is wrenched out of you (or the wife). Coins gone, even lives are in danger. Just by a simple, innocent slip of the tongue.

But sure, I see your point and I agree, it's just that there's no need to overdo it. Just pick one or two very special people in your life and make sure they understand that they should never ever talk about it to anyone, even those very close to them. Then, as already mentioned, there's Shamir's Secret Sharing, which is a very good way to secure your coins by splitting the seed to different pieces.

[JayJuanGee]

https://www.youtube.com/watch?v=h5y3GPiOy_E

https://www.youtube.com/watch?v=uJ7pgElCPXE

Brb, gonna trade all my BTC for that new Chainlink thingy that's looks so undervalued.

....

I had 1000 LINK.

Converted 900 into bitcoin about 4 weeks ago at £4 something. It’s been pretty annoying for me seeing it pump.

After watching shitcoin PnD charts for years now, I can tell you that for every new shitcoin that comes online, there's always one final ludicrous pump to da moon...if you have the cahonas to hold on that long. Then it crashes and fades into oblivion.

If you made any profit on a shitcoin pump, consider yourself lucky.

If I had held all the shitcoins I mined /traded back in the day (darkcoin, litecoin, doge monero, zcash to name just a few)I'd be a millionaire now.
I dumped all of them for bitcoin because I believed all of them to be pop/flop,pump/dump speculative gambles at best, scams at worst , and I still do and they still are.  I made a tidy profit. No regrets.
It could be worse. I could have been an early adopter and mined bitcoin with my cpu when it was worth pennies then dumped them all for like $10 thinking I made a killing... but then.....
(I do believe there are a lot of those folks on this forum)
Apologies for the shitcoinery talk.

Observing lots of bolts, nuts, washers and seeds....

I don't want to prod you into screwing up your opsec, including specifically establishing the size of your BTC stash more than you have already vaguely revealed, sirazimuth, but you seem to be suggesting that you might be worse off currently for selling your various shitcoins because you sold them at very low prices, or something like that?

I thought that overall there could be some ways in which the some random traders could trade shitcoins for bitcoin and then be worse off... but wouldn't that merely just be some kind of issues with trading and timing with trading rather than implying that it might have been better to be hanging onto various shitcoins for long term periods - at least relative to bitcoin?

It may be a bit of a fruitless effort to explore too much those kinds of speculations in regards to timing the trading of assets (or crypto or shitcoins) back and forth in and out of BTC for other assets, whether we are referring to shitcoins or selling for consumer goods or even trading back and forth for dollars, because the punchline still does seem to be that most people who focused on merely accumulating BTC and not really selling their BTC (unless they replace the BTC that they used to buy products almost right away) are generally doing pretty well off, as compared to traders or attempting to time the market by selling and trying to buy back lower.

On the other hand, there may be some decent examples of some BTC traders who sold some or all (even though most of us recommend not to go "Full" fiat) of their BTC higher and bought back lower, and probably those kinds of examples are mostly around trading on BIGger price swings rather than shorter-term play attempts, no?

[piebeyb]

Good evening. What a fantastic night to cross 12k. See if the bulls can do it.

It seems difficult, but it will probably continue to be tested today and in the near term or later in the next few weeks, but we'll look back at the boost to Monday tomorrow, if it goes above $ 12k then the rally will continue but otherwise we will. go correction

[El duderino_]

[fillippone]

<...>
 

Poor @GiacomoZucco, now I understand why is so easily triggered.
As an the official “Italian Stallion“ of the WO thread, here I officially classify as “absurdity” the message conveyed by the above, edited, image.

On a more serious note: great thread by David Puell:

1) It has been a long road since the Bitcoin top of 2017.
Herein, a nowhere-near complete summary of what has transpired.
Next below, a brief thread on few interesting tidbits. Shoutout to @whale_map for the innovative on-chain metrics.

https://twitter.com/kenoshaking/status/1294894436934201344


Worth a read!

[elrippos friend]

Probably, but it helps to moon, more people in front of the buy option 

[bitebits]

I'll raise you Dr. Duderino:
https://jsonline.com/story/news/politics/2020/08/10/dnr-tells-staff-wear-masks-zoom-calls-even-when-they-home/3335232001/

[bitbollo]

Avoid to spread potential virus particles walking ten feet in a closed space.... isn't really dumbest thing that someone can do in an entire life , or I miss something?
I can't understand why people feel so stressed for wearing a mask.
For sure it's pretty useless wear a mask while driving a car (or you are alone at home )

[AlcoHoDL]

I'm in no hurry for the upcoming bull run, but...

...I wonder what's so special about $12,000. Is it so significant as a number? I'd think $10,000 would be a tougher nut to crack.

Edit: Could it be related to $12,000 being close to 10,000 €?

[Poker Player]

I'm in no hurry for the upcoming bull run, but...

...I wonder what's so special about $12,000. Is it so significant as a number? I'd think $10,000 would be a tougher nut to crack.

Edit: Could it be related to $12,000 being close to 10,000 €?

I don't think so, we have broken the 10,000 € already various times. Currently 10.031,24 €.

I believe that the supports and resistances of BTC are referenced to its comparison to the $.

[D. Lerk]

My grown-up kids and wife of decades are educated in the convoluted process of retrieving my coins should I get hit by a bus.

I don’t worry about them conspiring to “rob” me, because if that were to happen my life would have been a worthless sham and my problems far bigger than mere money.

Perspective.

I don't doubt that. Surely, they wouldn't rob you. They love you. But your grown-up kids and wife of decades are only humans. Humans make mistakes. The more people you reveal the seed to, the higher the chances the security of your coins is compromised. Period.

Wife has a dear sister, they love each other to bits, and women like to talk a bit too much. Out in the pub, chatting away, wife casually mentions to sister that she's OK financially, because husband (you) is really smart, he has taken care of it, by owning Bitcoin. Wife's sister doesn't know/understand much. A few days later she casually mentions this to her colleagues at work: "maybe we should buy this thing called Bitcoin, see, my sister's family is set for life, they own lots of them." Word spreads. The wrong kind of people hear about it. Next thing you know, your family is kidnapped and the seed is wrenched out of you (or the wife). Coins gone, even lives are in danger. Just by a simple, innocent slip of the tongue.

But sure, I see your point and I agree, it's just that there's no need to overdo it. Just pick one or two very special people in your life and make sure they understand that they should never ever talk about it to anyone, even those very close to them. Then, as already mentioned, there's Shamir's Secret Sharing, which is a very good way to secure your coins by splitting the seed to different pieces.

Everything is compromise and context. Unless we're making a profound political and economic statement (hat tip Satoshi) we will want to maintain access to our coins, and need to choose the opsec compromises that work best in our circumstances.

If we lived in a favela or janjaweed encampment I would take different decisions. Here, metropolitan and bourgeois, among our friends we are nowhere near the richest, and among some two-removed we would be considered poor but charming. The WO perhaps doesn't realise just how much money is out there. People build businesses, make shrewd investments, have lucky breaks all the time. People buy the Bentleys and Lambos and Ferraris and Learjets, every day, by the hundreds of thousands per year. No cares that we now fly first, or stay in decent hotels. First and decent hotels are there because plenty of people can afford them. We may one day be gentlemen, but for now we are still also-rans. As far as my wife's sister is concerned we had some lucky investments, could be bitcoin, could be oil or property, no one cares.

As I see it there are 3 main threats to my coin. In order of likelihood:

1/ My memory gone, either by death or dementia. Mitigation: train my immediate family to be able to start a difficult process to access physical backups (not giving them the keys themselves)

2/ Attack from state by taxation or confiscation. Mitigation: careful coin acquisition, main stash keys fragmented across various jurisdictions, would need international legal coordination to reassemble.

3/ Wrench attack. Mitigation: various levels of plausible deniability and custodianship.


There are a quarter of a million UHNW ($30million plus) people in the world. They manage. It'll be ok.

[AlcoHoDL]

I'm in no hurry for the upcoming bull run, but...

...I wonder what's so special about $12,000. Is it so significant as a number? I'd think $10,000 would be a tougher nut to crack.

Edit: Could it be related to $12,000 being close to 10,000 €?

I don't think so, we have broken the 10,000 € already various times. Currently 10.031,24 €.

I believe that the supports and resistances of BTC are referenced to its comparison to the $.

Yeah, but it goes up/down around 10,000 €... Now 9996.6 € (Kraken).

I hope we rise (and stay) well above $12k (or 10k €) soon.