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

[ChartBuddy]

Explanation

[JayJuanGee]

Hello guys. I don't know if it has already been mentioned, but I think it's interesting, for people who store paper/hard wallets in bank vaults :

Anyone who thought this was a good idea hasn't been paying attention.

As long as you use a really strong BIP39 passphrase and keep a backup on the seed GPG encrypted on an archival CD or a couple USB drives or the like... Maybe not the worst ever.

But yeah...  Safe deposit boxes have always had a downside, and I think that downside is going to get more evident over time soon.

I thought that part of the point was NOT to have your key in any location in which someone else might get access, and surely you could be in trouble if you kept the whole key in a safety deposit box, even if you were to have a back up if someone were to either get into your box without your permission or before you could get to your back up and move your coins so that their access to your wallet would end up being empty (if you knew that the attack was coming in advance - which you may well not).


Another possibility would be to have ONLY 1/2 or 1/3 of the key in any one location in which you have concern that some unauthorized person might gain access.  I believe that the best practice is 1/3, yet maybe even one half would be safe.. but there are some cases in which if some one were able to get 2/3 of your key in a 12 word set up, then they may well be able to brute force their way into finding the other 1/3.  It is not easy being your own bank and having power over a bearer access like bitcoin, even if the footprint is way smaller than something like gold or dollars... You can store a lot of bitcoin in a small space - but you still need to be careful in case the place gets found out and hopefully you would not have the total key in one place - even though thinking about the washers... do you put 1/2 or 1/3 of the washers in each place, then you need all 2 sets or all 3 sets in order to get access to the wallet? 

If you die and you have left instructions for someone, then they would need to recover all three parts and be able to put those three parts together.. and some people are not very technically sophisticated and maybe not even motivated to learn, but when you die, then they might be like "holy fuck.. how many bitcoins did billy bob have?"  then they become motivated to figure it out, perhaps?  Do they have all of the keys?  or do you want to put all of the keys in the same spot so that they will know what they are looking at?

[Toxic2040]

so fussy



everyones ocd better now?  mine is 


4h clouds cause why not

stronghands

[JayJuanGee]

New poll time ...better late than never.

Old poll:

What range ?

For sure the poll would be better if it were to specify a wee bit better.

>>>><>>
"When do we break out of this boring trading range?"
<<<<<<<<<<<<



who has not seen that lack of specificity before?





Move along.





Nothing to see here.




 



Of course, we can speculate about what it means to get out side of "the range" and also what  "the range" is... . .... but better to just state it clearly, no?.... .

Perhaps something like: $33k to $46k, no?

And how far out would we need to see the price go outside of the range and stay outside of such range in order for a break out to have been considered to have had occurred?

[philipma1957]

the range is 28.8k to 69.4k

we have been in that from 12/2020 to 03/22

[JayJuanGee]

I am a person that will allow a wide range of opinions and strives to respect each one, even the ones I disagree with.

Thanks. My question to you and to others who answered me is this : isn't one of the things Bitcoin supposedly fixed, centralization ? Did Satoshi envision huge mining farms, gigantic mining pools, while 99% of Bitcoiners aren't mining at all ? Isn't that too centralized ?

Miners do not control the rules of bitcoin, it is those who operate nodes... no?

Why would you want to spin up a miner if it is not going to be profitable unless you invest at least $100k?  And, plus there is a need for some levels of technical expertise, too.

the range is 28.8k to 69.4k

we have been in that from 12/2020 to 03/22

oh gawd.

 

If you want gobble-dee-gook talk, hereby I present you with the ideas of philipma1957.   Have at it.  Good luck with that kind of gobble-dee-gook framework..

[ChartBuddy]

Explanation

[shahzadafzal]

https://twitter.com/cz_binance/status/1503205825942282244

[jojo69]

https://www.youtube.com/watch?v=XN-g1YDkM6s

[philipma1957]

I am a person that will allow a wide range of opinions and strives to respect each one, even the ones I disagree with.

Thanks. My question to you and to others who answered me is this : isn't one of the things Bitcoin supposedly fixed, centralization ? Did Satoshi envision huge mining farms, gigantic mining pools, while 99% of Bitcoiners aren't mining at all ? Isn't that too centralized ?

Miners do not control the rules of bitcoin, it is those who operate nodes... no?

Why would you want to spin up a miner if it is not going to be profitable unless you invest at least $100k?  And, plus there is a need for some levels of technical expertise, too.

the range is 28.8k to 69.4k

we have been in that from 12/2020 to 03/22

oh gawd.

 

If you want gobble-dee-gook talk, hereby I present you with the ideas of philipma1957.   Have at it.  Good luck with that kind of gobble-dee-gook framework..

I still see us in 28.8 to 69.5 for last 15 months.
12/2020 to 3/2022

so wake me up ⬆️ when we leave that groove.

btw I am beginning to think we may be stuck there for a long time.

I think you fail to see that the pandemic, the chip shortages, the LN taking foot and the Ukraine 🇺🇦 Russia conflict will change the entire playing field of BTC.

I see us locked into this track for quite a while and I have repeated it multiple times.

With you telling me I am wrong will so far I have been correct and you have been wrong.

We both know we will leave the track of 28.8-69.5 one day.

I do not see it happening any time soon 🔜.

Which I have been saying since will double topped in the fall.

So for Nov Dec Jan Feb March I have been correct.

I will further say that we are still in that track past August 1st of this year.

For that matter it is a mortal lock 🔒 we stay there.

[ChartBuddy]

Explanation

[philipma1957]

buddy knows just keep us in the track.

it is easy to do as the track is really fucking wide.

[shahzadafzal]

Bitcoin checking its daily To-Do list since Dec-2020

[ChartBuddy]

Explanation

[Biodom]

Bitcoin checking its daily To-Do list since Dec-2020

It is kind of funny that it does nothing for more than a year, then boom-bam...late 2014-Oct 2015 was the exact same behavior and even a tighter range.
Anybody remember that $225-275 stuff? lol

[Subbir]

Then senseless finally bitcoin is real money without paper .

[shahzadafzal]

He still thinks he's giving good advices here


https://twitter.com/elonmusk/status/1503222294277197829?s=20&t=ApGddK02BW5lMRNqoNc92w

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ImThour]

Am I the only one who thinks the best Moving Average for BTCUSD is this?

WO's Page Count



On 20th July, 2021 BTC went back up from $29,300. WO's Post Count was at 29170.