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

[AlcoHoDL]

BREAKING: Financial powerhouse Goldman Sachs to offer #crypto custody as early as 2021!

https://www.coindesk.com/goldman-sachs-to-enter-crypto-market-soon-with-custody-play-source

Wait... Crypto custody is a case of not-your-keys, right?

Doesn't matter. Not their keys. As long as this helps Bitcoin spread, it's good for us all. Those who understand will choose to keep the keys. The others can let companies take care of them.

Edit: Price picking up nicely (again). Let's hope this is the last rising edge to $40k, leaving it permanently behind, and climbing slowly and steadily towards 6-digit territory.

[OutOfMemory]

Doesn't matter. Not their keys. As long as this helps Bitcoin spread, it's good for us all. Those who understand will choose to keep the keys. The others can let companies take care of them.

Edit: Price picking up nicely (again). Let's hope this is the last rising edge to $40k, leaving it permanently behind, and climbing slowly and steadily towards 6-digit territory.

Exactly
I have https://aggr.trade/ open, audio on.
Maybe we'll have to wait until Jan 20th for more direct price action?

[StartupAnalyst]

BREAKING: Financial powerhouse Goldman Sachs to offer #crypto custody as early as 2021!

https://www.coindesk.com/goldman-sachs-to-enter-crypto-market-soon-with-custody-play-source

[Krubster]

Hmm, who gets/already got the Gox shitcoin forks?

There was talk of dumping them apart from BCH

Correct. My understanding is that all shitforks but BCH will be (or already has been) sold.

If I ever get my claim back, I will sell any remaining shitcoin(s) immediately.

I'm not getting my hopes up though. I have considered all my coins related to MtGox lost ever since the failure of mtgox.com. Getting anything back now is just a bonus.

[marcus_of_augustus]

Guys, so if I wanted to be a blockchain developer, where I should start?
i would love to study and why not become a blockchain dev because I know it will help me in the future, but I don't have any good sources where I can start, any help!
 thanks.

Look for a bank or government working on blockchain, not Bitcoin. They love that shit.

Also, you won't have to build a blockchain. Learn Oracle.

I really hate oracle and I don't understand why someone is paying for that crap. but hey, they support blockchain now. sweet, centralized blockchain tables: https://www.oracle.com/blockchain/

edit: lol, they also do machine learning: https://www.oracle.com/data-science/machine-learning/

is it possible to have more buzzwords in one product? what about quantum computing? I'm sure that's under development

blockchain quantum machine learning in the cloud as a service .... way of the future

[lightfoot]

That poor slob in Britain is still trying to get permission to search the landfill for his bitcoins. Worth 250 million.

I can't think about how much that could wreck someone's life.

[bitserve]

That poor slob in Britain is still trying to get permission to search the landfill for his bitcoins. Worth 250 million.

I can't think about how much that could wreck someone's life.

Even if he were to find the computer, the hard drive is probably way beyond any humanly possible recovery.

He better go to some therapy that helps him let it go...

The Ironkey guy has a better chance... even if I don't fully trust his story.

[lightfoot]

That poor slob in Britain is still trying to get permission to search the landfill for his bitcoins. Worth 250 million.

I can't think about how much that could wreck someone's life.

Even if he were to find the computer, the hard drive is probably way beyond any humanly possible recovery.

He better go to some therapy that helps him let it go...

The Ironkey guy has a better chance... even if I don't fully trust his story.

Eh, it's possible. If it was a glass/ceramic disk then the data can be recovered. Remember that OnTrak recovered data from a disk that came down through the fireball of Columbia and spent a few weeks in a swamp.

I've been doing some data recovery on older drives, the power of a Raspberry Pi to read the tracks in analog mode and tease out the data is stunning.

Meantime. Fed money printers go brrrrrrrrrrrrrrrrrrr

https://i.imgur.com/lEjMssF.mp4

[JayJuanGee]

More MSM anti-Bitcoin FUD.

https://www.ctvnews.ca/world/america-votes/large-bitcoin-payment-made-to-far-right-individuals-before-u-s-capitol-attack-report-1.5267149

If it's not kiddie porn, drugs or money laundering, it's financing terrorist organizations like MAGA.

It's also on the front page of Yahoo.

https://www.yahoo.com/news/exclusive-large-bitcoin-payments-to-rightwing-activists-a-month-before-capitol-riot-linked-to-foreign-account-181954668.html

The MSM is going big on the FUD this time:

"Let's alienate at least half the voting population (Biden voters) away from buying Bitcoin. That's at least 81M people!"

Sure there are a lot of stupid people in the world on both sides of the political spectrum, but hopefully, normies are not going to be so dumb as to determine whether or not to buy bitcoin or whether or how to invest in bitcoin or how much to invest based on what side of the political spectrum the consider themselves to be rather than personal interests and financial motivations.

Of course, if people were to believe that bitcoin is on the verge of becoming illegal because of the way that it has been being used, then they might be deterred from either learning about bitcoin or figuring out reasonable investment strategies in respect to bitcoin.  Of course, there has always been dumb ass and stupid misleading talking points in regards to bitcoin, yet bitcoin adoption has continued to increase through the last 10 years or more despite the various ongoing misleading talking points that persist in good times and in bad times.

Accordingly, there have always been a considerable number of baloney and bullshit talking points about bitcoin, and there has tended to be a decent number of people who are continuing to get past such nonsense and not believing such ongoing bullshit talking points, and surely there are a considerable number of institutional players who are getting past the bullshit talking points too and even talking about how they have been getting past the bullshit talking points and putting out their own more informed talking points (Saylor et al) and some retail normies do end up following what institutional players are doing to the extent that they are able to recognize what they are doing and are able to follow what they are doing based upon such recognition of what those institutional players are doing. 

And, surely the Saylor example does provide a lot of informed bullish bitcoin talking-points that can help both normies and institutional players to get on board bitcoin and lessen the likelihood that they are going to get mislead by the misinformation that is spouted out through mainstream media.

[Toxic2040]

late night charts

4h



D

[JayJuanGee]

We really need..... A..... WeekendPumP  

Why?

Why do we "need" such a thing?

Sure a weekend pump would be nice, but it is far from "needed" in my humble bumble opinion.

The fact of the matter is that we are still 3.5x up from the beginning of September and yeah we had been 4.2x up and we corrected to 3x up and we are kind of floating between 3x and 4x up from that beginning of September start of the UPpity trend.

I do tentatively believe that the odds for UPpity are slightly greater than the odds for DOWNity, and that is largely based on being in a confirmed  bull trend.. and the idea that the trend tends to be your friend... so to be friends with the trend, that trend seems to be UPpity.. but hardly does it seem to be "needed" that BTC prices go up now or anytime soon and to still remain bullish as fuck, even with a variety of other BTC price moves.

By the way, one good thing about continued UPpity would be the ongoing damages to the bears, so I cannot disagree that UPpity might be a fun thing to have and a fun thing to watch the various bitcoin naysayers, no coiners, fence sitters, altcoin pumpeners and other seemingly delusional folks getting further left behind.. hahahahahahaha that part would surely be fun to see for those folks who are failing and refusing pee pare their lil selfies for UPpity that ends up happening.. but still does not rise to the level of "needed" in my humble (and not so humble sometimes) bumble opinion.

Wired over low 5 digits to Gemini. Getting pissed off with their ACH limits, and figuring out the timing of their resets for moving in more fiat via ACH.

Getting ready to BTFD over the weekend.

My experience if you are wiring in the USA, then frequently the wire will happen within a few hours, so long as you do it during normal business hours and a sufficient amount of time for them to process.. believing that 5pm eastern time might be the end of normal business hours.. and it ONLY costs $15 for a wire fee (at least from my bank) and it does not matter how much you send.. I mean I am sure that you could send into the 6 digits but I don't recall ever wiring more than in the mid-$20ks (so for sure 5 digits).. at least in my limited experiences with that.

Too busy IRL... Watching price when I can. I see pumps & dumps (for ants, although some are FAT ants).

Guys, need to post some extreme memes/pics ASAP if there's any hope for serious PUMP action. Supergirls, LGBTTIQQ2SA, gaynime and rusty pipes permitted. I've got to admit I enjoyed Frahm's panty+celery paintings. Always had a thing for women of that era. No CCMF or Carolinas please, save them for $100k, when the fun will really start.

HoDL.

Surely, I am not sure about the meaning of this image within this context..  It almost needs some kind of explanation in order that I might be able to understand the significance.

No bitcoin, wrong direction, make a U turn

* Angrily waiting for wire transfer to hit Gemini so Bob can order some fucking dip *

Yeah... that will help.

Talk about ur lil selfie in the third (turd) person.  

History repeats itself.

I don't know what this one means, either.

Sorry about my being such a dummy.

 

[sirazimuth]

https://www.youtube.com/watch?v=LsAiCs66l40

[JayJuanGee]

It's a surprising powerfull dip today. Anything about Tether? Or the end of Rippel-Trading on Bitstamp?

It's just a buying opportunity

Indeed BTFD opportunity occurs

I did buy dee dippity... ... but it is not like anything new for me.  I have a system that gets tweaked from time to time, and the orders get triggered upon a certain level of BTC price movement.. and in this case, there were a few sells that took place yesterday (or was it the day before) between $35k and $40k, and then there were BTC buys from about $37,500 to about $34,500 and then there was another sell at about $37,000.  Just a lot of BTc price movement within the range, and the orders get executed and the ONLY real work to stacking the additional value (weighted towards stacking BTC) is just to reset the orders once they execute.. and so otherwise just "free" money because I don't really give any shits which way that it goes.. my orders are set by me in such a way that I do not really care which way the BTC price goes.. and sure, I am kind of assuming long term UPpity.. but if it happens to go DOWNity instead of UPpity, I have orders already set down to $9,500-ish.. not that it is going to go that far DOWNity.. but if it does then my orders execute along the way...

NOW, of course, if the BTC price threatens to go below $9k, then I have to scramble a bit, and surely I might start to get a bit worried if the BTC price were to go below $15k-ish.... otherwise, there is a bit of an attempt at emotional neutrality.. even though UPpity is surely preferred to DOWNity.. and gosh, it seems to be become less and less probable that we will even be revisiting $25k or lower (such as within no man's zone - that we have kind of forgotten about no man's zone or even what "no man's zone happens to beeee", haven't weeeeeeee... hahahahahaha).

It's a surprising powerfull dip today. Anything about Tether? Or the end of Rippel-Trading on Bitstamp?

It's just a buying opportunity

Of course it is. But still i always wonder, why people sell bitcoin in the first place

Not everyone has the same opinion about BTC price direction, and surely any of us can be wrong in the short term, and that is part of the reason that I hardly ever ever try to guess short term BTC price directions beyond something in the ballpark of 50/50 and maybe with a slight leaning in one direction or another.. and even if I do not believe it, I tend to lean towards UPpity..

And sometime there might be little to no need to even care about the short term BTC price direction as long as you have structured your finances and psychology in such a way as to not really care about short term BTC price moves, so long as the BTC price movement goes up in the longer term, the HODLers are good.. and surely I consider my lil selfie to be a HODLer, even if I happen to be ongoingly selling some lil fiends along the way UPpity.. but I have calculated the matter that I am rich as fuck no matter even if I am selling some lil fiends along the way UPpity because my BTC stash is accumulating in value 10s of times magnitude larger for any one portion that I am selling along the way UPpity.  

Seems to me that my set up is and has been like a win/win situation.. even if selling lil fiends and considered to be contra to dee HODL dogma... but in my humble bumble opinion, my practices of selling lil fiends on the way UPpity is not contra to HODL practices/philosophy and in my humble bumble opinion once any HODLer figures out a formula that is tailored to ur lil selfie in such a way that ur are happy no matter the BTC price direction even getting rid of some lil fiends along the way of our seemingly never ending (at least currently) UPpity path.

Nice one.. worth repeating and many of us likely feel something like the guy depicted therein.


 

[bitserve]

That poor slob in Britain is still trying to get permission to search the landfill for his bitcoins. Worth 250 million.

I can't think about how much that could wreck someone's life.

Even if he were to find the computer, the hard drive is probably way beyond any humanly possible recovery.

He better go to some therapy that helps him let it go...

The Ironkey guy has a better chance... even if I don't fully trust his story.

Eh, it's possible. If it was a glass/ceramic disk then the data can be recovered. Remember that OnTrak recovered data from a disk that came down through the fireball of Columbia and spent a few weeks in a swamp.

I've been doing some data recovery on older drives, the power of a Raspberry Pi to read the tracks in analog mode and tease out the data is stunning.

Meantime. Fed money printers go brrrrrrrrrrrrrrrrrrr

https://i.imgur.com/lEjMssF.mp4

A glass/ceramic disk have a good chance of being already been shattered during the garbage collect and processing... but even if not.. this many years with cycles of wet/dry, gases and who knows what else chemical reactions in the bottom layers of the landfield... If that doesn't corrode (the magnetic layer) it beyond recovery... donno... would really like to see that.

What kind of hack do you use to read the platters in analog mode? Firmware mod or you do attach some gadget directly to the head controller and dump the analog data of all the surface for post processing? Asking for a friend

[lightfoot]

What kind of hack do you use to read the platters in analog mode? Firmware mod or you do attach some gadget directly to the head controller and dump the analog data of all the surface for post processing? Asking for a friend

For SMD, Shugart 1000, MFM and ESDI drives the raw signal is right there on the connectors, the controller does the a/d and sampling. This is why some controller cards are much better at reading disks than others. Degraded servo tracks on non-stepper motor drives are usually the problem here.

For IDE and up you do have to do a bit of surface mounted troubleshooting to find the head output from the Op-Amps but it's do-able. Now the professionals will open the disk in a clean room then remove the platters and read them with custom heads. Also remember you don't have to get the whole disk you just need to find the file of the wallet.dat. Even part of it would go a long way, and with things like a 256 bit ECC code you can probably compute out the missing bits with a lot of CPU power.

I like screwing with this stuff, keeps me out of trouble. The ironkey would be a lot harder IMO:

[JayJuanGee]

Good morning Bitcoinland.

Another lovely buying opportunity lost ($34380 Stamp) and back up... currently $36155USD/$46123CAD (Bitcoinaverage).

Maybe I'll get lucky and it'll still be under $40k on Monday.

* Angrily waiting for wire transfer to hit Gemini so Bob can order some fucking dip *

You and me both. For you a wire transfer, for me a bank holding my funds.

Fucking a-holes.

What's taking so long, Jimbo?  I though that you were going to be buying this week or in the first half of this week or something like that.

Now you are waiting until Monday?

I suppose none of us longer term bitcoiners should be panic about these various kinds of ways that we get screwed over by traditional financial institutions or some of the transactions that we have to make that seem that they might end up costing us an arm and a leg (at least if we did not have bitcoin)... so in some senses, all the money that we lose, we have to pay or that we fail to earn because of various ways that we get screwed by traditional financial institutions ends up being dwarft by the sheer amount of value that we are gaining from the mere fact of having been HODLing onto our lil fiends for many years..

Your HODLing on has been quite a bit longer than mine, but I am surely feeling exponential magnifications in terms of whether I can spend the price appreciations as fast as they are rolling into the value of my HODLings.

[infofront]

[Biodom]

The case of when 'doing as as well as an average' feels pretty darn good  
EDIT: so, 4-9 mo to peak? it would be weird to have a cycle peak in mid September, though.

[JayJuanGee]

in a few years we will be among the top3

Why would it take "a few years"?

Sure bitcoin might go up and down in the coming years, but in the end, the peak of this cycle could well happen in the coming year to cause another 10x from here, which could well put bitcoin in the top...

Of course, no guarantees, but referring to "a few years" seems to be overly conservative in terms of "where we are at" and "where we might be going."

There is no blockchain, it's an illusion, only bitcoin. If you want to become "blockchain" dev learn SQL. If you want to dev bitcoin start here https://www.lopp.net/bitcoin-information/technical-resources.html

You just reminded me of every family gathering where people say "Well I don't know about bitcoin, it's kinda shady BUT how about that blockchain, eh? Can be used for some good stuff". lol

It's a kind of expression that seems to be attempting to show how smart they are when for anyone who has any kind of basic understanding of bitcoin will realize that they have just shown that they do not know what the fuck they are talking about.

[bitserve]

What kind of hack do you use to read the platters in analog mode? Firmware mod or you do attach some gadget directly to the head controller and dump the analog data of all the surface for post processing? Asking for a friend

For SMD, Shugart 1000, MFM and ESDI drives the raw signal is right there on the connectors, the controller does the a/d and sampling. This is why some controller cards are much better at reading disks than others. Degraded servo tracks on non-stepper motor drives are usually the problem here.

For IDE and up you do have to do a bit of surface mounted troubleshooting to find the head output from the Op-Amps but it's do-able. Now the professionals will open the disk in a clean room then remove the platters and read them with custom heads. Also remember you don't have to get the whole disk you just need to find the file of the wallet.dat. Even part of it would go a long way, and with things like a 256 bit ECC code you can probably compute out the missing bits with a lot of CPU power.

I like screwing with this stuff, keeps me out of trouble. The ironkey would be a lot harder IMO:

Nice. Still the problem with more current drives is the extreme data density in comparison to previous generations and thus the low tolerances during the process. In practise you would probably need to scan all the whole platters anyways as you don't really know where the file is and also the raw data might have been written over several ones in paralell to increase read/write speed (or so I assume).

The reason I think the Ironkey guy has a better chance is mostly because a) He already has the device b) It is not damaged and c) the guy (presumably) already has enough money to fund the costly effort.

As for the technique, I was thinking about maybe using a SEM to recover either the "access password" or the internal encryption key + separately dump the flash memory (which I assume is a regular one). Something like this:

https://www.cl.cam.ac.uk/~sps32/cardis2016_sem.pdf

Of course some top notch lab reverse engineering (on other units) would be needed even if just to check the viability on this particular device... But for 7000BTC I would say it is worth the try.
 
P.S.: Or maybe just dump the contents of the main flash chip and try to brute force the encryption key IF it is derived from the "access password".