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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[1714241417]

1714241417

[philipma1957]

fu buddy be blocked yet again..
Score is getting closer



     Me = 42369
Buddy = 41417
  Lead =     952

Maybe By Christmas buddy will be the winner.

[SamReomo]

Filbfilb analyst predicted that Bitcoin's price can hit 46k in first quarter of 2024 before halving event. If that's true then the current accumulators will make some good profits. 

https://cointelegraph.com/news/bitcoin-price-46k-2024-halving-interview-filbfilb

[OgNasty]

Does anyone here have funds held on Binance? If so, I would like to tell you that you do not. If you are able to get funds off Binance, do it. I’ve been urging people to distance from Binance ever since it was clear FTX failed using the Binance roadmap. Maybe Binance will survive, but having funds on that exchange right now is playing with fire.

[Hueristic]

Filbfilb analyst predicted that Bitcoin's price can hit 46k in first quarter of 2024 before halving event. If that's true then the current accumulators will make some good profits.  

https://cointelegraph.com/news/bitcoin-price-46k-2024-halving-interview-filbfilb

Really?

Yeah this guys a dipshit.

filbfilb
@filbfilb
$180k; that’s the target.
8:46 AM · Feb 19, 2023
·
177.2K
 Views

Does anyone here have funds held on Binance? If so, I would like to tell you that you do not. If you are able to get funds off Binance, do it. I’ve been urging people to distance from Binance ever since it was clear FTX failed using the Binance roadmap. Maybe Binance will survive, but having funds on that exchange right now is playing with fire.

Removed years ago, surprised it took this long to be honest.

[sirazimuth]

@Hueristic….Grats on the new choppers bro.

thx man.

Seems to me that you missed my earlier mostly semantics post on the topic.

@Hueristic….Grats on the new choppers bro.

He crashed his chopper into a tree, and he got new chompers.

Yeah no I caught that, pretty good one.

I am having an issue with poison ivy spreading and had your post quoted but the fucking itching was getting too much and had to go take off for the day anyway.

Funny thing is I've never had an issue with ivy before.

Even when my friends caught it I never did so this is surprising.

I just decided to ignore it the last few days figuring it would go away but it has started spreading.

So I think What happened is when I scrubbed it I used hot water which spread the oil.

From what I gather now after doing some research is you have to use cold water and soap on the oil and then dry the skin out with something like alcohol or vinegar.

And some say to use mint so I am doing an experiment and using alcohol on one arm and lotion with mint on the other after scrubbing them with cold water and dishwashing soap.

I wonder if getting old just makes you more susceptible to shit and thats why I caught it when I never have before?

When I was young I literally rubbed the shit on my arm to prove to my friends that I don't catch it when they had it and said I was lucky I didnt touch it.

Had a buddy that wouldn't believe I was immune, the poor bastard was covered and told me he even got it on his prick just from taking a leak with it on his hand.

If that happens I'll be going straight to the fucking ER!

It’s funny you just posted a poison ivy story in this here famous thread, as just last week, I got it all over my ankles. That sucked! First time getting it in like 40 years. It’s been so long, I was convinced I was immune to that nasty shit.
So… memo to myself… Never, EVER do weed whacking wearing shorts.
WTF was I thinking?? Oh I know, I wasn’t.
Nothing like having mulched poison ivy flecks sprayed all over one’s exposed legs and ankles. I was itching red bloody rash/scabs for a week. Lesson learned.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LFC_Bitcoin]

@BritishHodl
So now we have the following Bullish tailwinds for the next #Bitcoin  halving:

1. FED cycle about to pause and change direction.

2. Inflation is cooling faster than ever.

3. #Bitcoin  ETF is coming now as the SEC has been given a blow they can't recover from and if they stall they open themselves to lawsuits for destroying value - opening up $50m-$150m of daily buying.

4. FASB has changed the accounting rules to incentivise Corporations to allocate to #Bitcoin  to grow their valuations.

5. People are understanding #Bitcoin  vs traditional assets more than ever before as #Bitcoin  is transitioning to a "must own" asset in the consciousness of the investing class as CNBC and Bloomberg spend their days talking about it..

6. The "Titans Of Finance" like Larry Fink and Jamie Dimon are aligning incentives for Trillions of Dollars of capital to be unlocked.

7. #Bitcoin  & Bitcoin Mining is now "ESG friendly" - are you even woke now if you don't own #Bitcoin ?

8. Supply is dwindling on exchanges as the HODL rate increases for the first time during the bear market.

9. Pro #Bitcoin  politicians are taking the main-stages of so many countries around the world.

This is all before the daily supply gets halved.

Please, get to ONE #Bitcoin  asap.
https://x.com/britishhodl/status/1699832765527523583



I would like to think that everybody in this thread with a pre 2020 registration date has AT LEAST 1BTC.

If not there is still time but not much. Protect your purchasing power and sow the seeds to harvest plentiful crop for your family in years to come. From 2025 onwards, regular folk will never be able to afford 1BTC so your time is now or never if you don’t already have one or more.

You have no excuse to be a brokie NOCOINER.

Bitcoin or bust, brothers. Prepare for what is coming!

[JayJuanGee]

[edited out]

....
I am curios though, when you all are doing your scheduled buys, I know JJG has said to make them manual buys if possible as to avoid being played by the exchange (although I'm not exactly sure how they would do that?). 

There are a few ways to attempt to do this.  Let's say that you have something like $100 every week that you can use for BTC buys (DCA).

One way would be to just set your buy orders at the beginning of the week in order to hope to use up the whole $100 by then end of the week (and yeah maybe if you have time and interest, you can manually monitor the filling of your buy orders so you set half of the orders in the beginning of the week and the other half towards the second half of the week), and if your prices are not met by the end of the week, just market buy with whatever is remaining at your personally imposed deadline time.

So is anyone doing market orders? 

Nothing wrong with market buys - except usually the percentage of the fees might be a bit higher... and if you feel that you have a whole week to spend it, and you could accomplish the same thing somewhat automatically, then why rush it?  Sure the price might not dip all week, but the odds for that are not necessarily greater than 50%.. and you might even be able to read how extreme that you might want to be with your limited orders while knowing that you have market ordering as a back up plan if all of your efforts fail after the passage of a whole week (or whatever might be the time frames that you impose on yourself for each of your buy orders).

Because I find myself often placing a buy a bit below spot, but if it goes up a bit I panic and cancel and put a new, higher order in.

Those sound like newbie kinds of mistakes (and emotions), so the more that you practice, you should be able to temper down some of those kinds of tendencies, even though sometimes it can take several years of practice before you can really lessen your emotions. and I am not going to deny that sometimes I have some issues with this as well.. not very often in recent times, but sometimes there can be some frustrations when some kind of an order is placed and it gets within pennies of filling and goes up, does not come back down, and seems like it is never going to come back down to those levels (at least within the timeline that I had self-imposedly set for that order to fill)...

So let's say for example, I have right around 0.63 BTC (which is around $16k worth of bitcoin), and I see that my neighbor has a nice trailer that is for sale, and he wants .063 BTC for it, and if I pay in cash, he going to want $2k, and so I decide to pay him in BTC... so then I am like: "fuck, that's 10% of my total bitcoin supply, I better buy back that BTC within less than 24 hours because I cannot be fucking around with 10% of my total BTC holdings on purchases if I do not replace the purchases in a fairly expedited kind of a way."

So in essence, I have a bit of an urgent replace scenario that I have put myself into it because I choose to spend BTC rather than dollars, but I also believe that it was good to spend my BTC becuase he was giving me right around a 20% discount.  So I could try to set some limited buy orders just below the spot price, but even if I just buy back right away, I likely am ONLY going to be paying around 0.3% or so for fees, so it still is cheaper for me than the 20% discount that I got

..and sure of course, we might need to consider the extent to which there are tax consequences too, but my point is that there can be situations in which our own conduct in light of how much of our stash we are using could cause greater or lesser levels of urgency in terms of replacing any BTC that we might have had spent.

[edited out]

The thing I like about the Trezor is that even with the cheap version, you never have to type your passphrase into the computer.  While I'm sure this method is not unhackable,  the process goes as thus.  On the Trezor screen, while it is plugged into a laptop with the Trezor software installed, the software asks you for the passphrase words.  On the Trezor itself, it will show you a 3 by 3 grid with the squares effectively asking you, "Does your first word start with A-C, D-E, F-H, I-Mn, Mo-S... and so on.  And, on your computer is an image of your Trezor with just dots in the 3 by 3 grid, but you click the corresponding dot.  Ugh.  Probably better to just watch the first 30 s of this video https://www.youtube.com/watch?v=M_fYnZIVw_g  And you'll get the idea.  [Full Disclosure:  You do have to type out on your computer, the extra words of which JJG speaks.  Warning: The font is small on the Trezor screen.]

Edited to clarify which screen the font is small on.

Thanks for adding some further details regarding the usability of the Trezor one, and surely the Trezor one is about 1/3 the price of the Trezor Model T  (depending on when you get it) and the Trezor one can do a lot of the same things as the Trezor Model T... just a smaller screen and dealing with buttons rather than touch screen. 

I know that sometimes some of these features seem complicated and confusing, but when you actually go through the process, you may well become "Wow'ed" regarding how easy some of the features are, including that a passphrase does not have to be set up from the very beginning, and so you can add new passphrases as you go in order to generate new portals into new wallets. .and you can even open several (or all) of the wallets at the same time (separate passphrases), and they will show on the trezor as "hidden wallet 1," "hidden wallet 2,"  "standard wallet," etc... so you can even transfer funds between standard wallet and hidden wallet 1, and you will need to pay onchain fees for any of those kinds of transfers, but sometimes there are reasons to move your own funds from one location to another location.

[SamReomo]

Really?

Yeah this guys a dipshit.

filbfilb
@filbfilb
$180k; that’s the target.
8:46 AM · Feb 19, 2023
·
177.2K
 Views

You may be right but this time his prediction seems okay to me because we all know that some days before halving there can be a good pump in Bitcoin's value and during halving the pump may get intense to reach the values of around 46k or even more. What do you think about that? Don't you think that there will be a pump during the halving event or few days before it?

[AlcoHoDL]

[edited out]

I am really sorry if you are feeling I am not real person and create some confusion here because I am not here for anything wrong just for information, and you already provide good links which I will read and try to understand because few things are very important before jumping into any field but still I am really thankful for your kind information and other details. Just last thing which is a better way to keep my bitcoin safe because I check mostly exchanges needs personal information and I have no problem to provide them this all but is this safe to keep bitcoin on these exchanges or any other way is better, thanks.

I am not opposed to holding some value on exchanges (or with third parties.  In some cases it might be practical while you are learning how to be your own bank), maybe up to a few thousand dollars, and surely for each person the threshold will be different in terms of at what point you are going to want to bring some (or all) of that value off of the exchanges.. and surely you should want to try to learn about some private ways to hold your coins.. so it gives you options to have your coins in private wallets in which no one can stop you from being able to spend them and other potential powers that you might have from having your own keys that may or may not be readily apparent or even something that everyone seeks for themselves, but on the other hand, there is always a threat of either rug pull or various kinds of locking up of your funds when 3rd parties hold your keys.

There are likely several different ways to hold your bitcoin, and Trezor is pretty good.. either the Trezor one (which is cheaper) or the more expensive Trezor Model T and you want to make sure you get it from an authorized source (or authorized reseller) and with trezor it seems better to use the extra word too and also maybe to have some decoy value that you keep on the regular section that does not have the extra word... and of course, it is up to you how you might organize the various accounts on the trezor and get used to it...

Passport and Coldcard are likely good too. but a bit more sophisticated as compared with the Trezor, and there are other members who like Electrum, Spectrum and Sparrow, but I have not really used them... and there are other wallets and forum threads on the topic, and there are some members who like paper wallets, but I am not really accustomed to them, either...

You can also use Bluewallet, but I am a bit weary of keeping too much value on your phone... and maybe Phoenix and Breez are good lightning network wallets, and maybe guys have other recommendations, and there are forum threads on a lot of these topics that could get in depth and just require you to figure out what kinds of tradeoffs that you might be wanting to make to ensure that you have your coins privately and that they are sufficiently safe from getting taken including being careful not to create systems that are so complicated that you end up locking yourself out of your own coins, since there are responsibilities in being your own bank that can sometimes not be exactly straight-forward in terms of learning or even realizing if you might be putting your coins in jeopardy.  

Trezor is excellent. I can vouch for Model One (the original). T can maybe do more altshitcoins better, but One is more than enough for BTC -- at least that's the way I use it. Just to reiterate (have covered this topic extensively in the past) that Trezor is just a tool for user-friendly access to your wallet. The actual wallet is the 24(+1)-word seed. It's not material. It's numbers in number-space. So, even if the physical device is lost, stolen, damaged, or even sunk in a failed seastead attempt or boating accident, your wallet is still out there, as it will always be, for all eternity, set in stone by math & science, and only accessible via the seed. It's the seed that one should secure and never lose.

...

afaik, for the Trezor to be absolutely safe in case of theft you would want a 128 bits entropy passphrase.
Alternatively you can use a PIN with 39 digits (Model T). Note: it will be more than 39 digits for the small Trezor as its PIN numbers include only numerals from 1-9 and not 0-9 like the Model T.

PSA: Trezor doesn't have the oft-mentioned seed extraction vulnerability. Use a strong PIN.
https://www.reddit.com/r/Bitcoin/comments/sdx4r6/psa_trezor_doesnt_have_the_oftmentioned_seed/

A nice table for entropy requirements:

The purpose of the Trezor PIN is to delay the thief and give you enough time to restore the seed to another device and transfer your coins to another wallet. A simple 8-digit PIN is more than adequate for this purpose. Even a 4-digit PIN will likely delay a thief for sufficient time, considering that a Trezor delays retries by a time window that increases by a factor of a power of 2 after each failed attempt.

Adding a passphrase (a.k.a. 25th word) adds to this, obviously, but serves a much greater purpose, which is plausible deniability (there's a hint about this in Jay's post).

These tools (the PIN and especially the passphrase, even with relatively low entropy) are incredibly important in securing access to your wallet. It's like carrying a safe in your pocket, as compared to a paper wallet, which is equivalent to a plain old wallet.


Edit: Many thanks to Lucius (post) and Gachapin (post), for pointing out a h/w vulnerability that affects Trezor Model One and Model T h/w wallets, and enables a hacker with physical access to the device and the necessary equipment to extract the seed.

Taking this into account, one should definitely use a very strong passphrase (a.k.a. 25-th word) as well as a strong PIN. That's the way I've set up mine. This should give us enough time to take measures against theft.

In any case, a h/w wallet beats an unsecured paper wallet hands down, since a paper wallet is essentially an open wallet, ready to be snatched by anyone who finds it -- no brute force or hacking required.

[JayJuanGee]

[edited out]

I wonder if getting old just makes you more susceptible to shit and thats why I caught it when I never have before?

I certainly subscribe to the theory that your body slows in recovery time with age, and also cannot tolerate certain kinds of abuses that it was able to tolerate when younger... and some of those behaviors that we did as a younger person might end up killing us as an older person, so in that sense, I would take with a grain of salt about the idea that "whatever doesn't kill you, will make you stronger".. since that is likely a younger man's phenomena..

...even though it is probably that our bodies do likely need some stressors to become stronger even though at some point we are not as able to even tolerate various stressors, so we have to make the stressors weaker in order to become stronger and we might not even be able to get up to close to the levels of our previous tolerances.. and even now there are some things that I just am not able to do, and I am not prepared to train 24/7 in order to try to get up to being able to do certain things that I could do in my 20s, and my training might not end up getting me to those levels anyhow, so then I just ended up wasting my time on goals that I am not able to achieve while neglecting some other areas of my life that are also important.

[cryptofrka]

Does anyone here have funds held on Binance? If so, I would like to tell you that you do not. If you are able to get funds off Binance, do it. I’ve been urging people to distance from Binance ever since it was clear FTX failed using the Binance roadmap. Maybe Binance will survive, but having funds on that exchange right now is playing with fire.

Not just Binance, withdraw from any exchange asking for KYC.
There are decent non-KYC options available for quick trades, anything else just keep on your own wallets.

Wallet management should be a #1 topic when entering crypto. Too many people have no idea who they give their coins to.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

[edited out]

I wonder if getting old just makes you more susceptible to shit and thats why I caught it when I never have before?

I certainly subscribe to the theory that your body slows in recovery time with age, and also cannot tolerate certain kinds of abuses that it was able to tolerate when younger... and some of those behaviors that we did as a younger person might end up killing us as an older person, so in that sense, I would take with a grain of salt about the idea that "whatever doesn't kill you, will make you stronger".. since that is likely a younger man's phenomena..

...even though it is probably that our bodies do likely need some stressors to become stronger even though at some point we are not as able to even tolerate various stressors, so we have to make the stressors weaker in order to become stronger and we might not even be able to get up to close to the levels of our previous tolerances.. and even now there are some things that I just am not able to do, and I am not prepared to train 24/7 in order to try to get up to being able to do certain things that I could do in my 20s, and my training might not end up getting me to those levels anyhow, so then I just ended up wasting my time on goals that I am not able to achieve while neglecting some other areas of my life that are also important.

HAHa, I made up a parody quote to that years ago.

"Whatever doesn't kill you will probably scar you for life!".

[vapourminer]

I wonder if getting old just makes you more susceptible to shit and thats why I caught it when I never have before?

I certainly subscribe to the theory that your body slows in recovery time with age, and also cannot tolerate certain kinds of abuses that it was able to tolerate when younger... and some of those behaviors that we did as a younger person might end up killing us as an older person, so in that sense, I would take with a grain of salt about the idea that "whatever doesn't kill you, will make you stronger".. since that is likely a younger man's phenomena..

youth. yeah. its nice. in younger days i had to do something really really stupid to cause noticeable damage to myself. now stuff breaks while sitting in a recliner reading a book.

cumulative damage is like compound interest.. it really adds up over time lol

[Hueristic]

I wonder if getting old just makes you more susceptible to shit and thats why I caught it when I never have before?

I certainly subscribe to the theory that your body slows in recovery time with age, and also cannot tolerate certain kinds of abuses that it was able to tolerate when younger... and some of those behaviors that we did as a younger person might end up killing us as an older person, so in that sense, I would take with a grain of salt about the idea that "whatever doesn't kill you, will make you stronger".. since that is likely a younger man's phenomena..

youth. yeah. its nice. in younger days i had to do something really really stupid to cause noticeable damage to myself. now stuff breaks while sitting in a recliner reading a book.

cumulative damage is like compound interest.. it really adds up over time lol

Whats up with this waking up with problems you didn't have when you went to sleep???

Oh you slept wrong, No motherfucker I been sleeping the same way my whole life and suddenly you think I forgot how! <<- I've been saying this a few years at the casino so expect to see it in a movie one of these days.

[JimboToronto]

Wallet management should be a #1 topic when entering crypto. Too many people have no idea who they give their coins to.

I strongly recommend avoiding wallets. I keep all my coins in cold storage addresses.

I only use a wallet (Mycelium or Coinami)to facilitate transfers. I never leave anything in a wallet for longer than it takes for the transactions to be confirmed by the network.

I absolutely never allow my coins to be in anyone else's possession... no online exchanges, etc. When I buy or receive coins, it's always straight into cold storage addresses I created on an internet incapable computer and printer. When I sell, it's face-to-face for cash on the spot.

[BitCoinDream]

Does anyone here have funds held on Binance? If so, I would like to tell you that you do not. If you are able to get funds off Binance, do it. I’ve been urging people to distance from Binance ever since it was clear FTX failed using the Binance roadmap. Maybe Binance will survive, but having funds on that exchange right now is playing with fire.

Not just Binance, withdraw from any exchange asking for KYC.
There are decent non-KYC options available for quick trades, anything else just keep on your own wallets.

Wallet management should be a #1 topic when entering crypto. Too many people have no idea who they give their coins to.

Never understood the psyche of people, who are into Crypto for several years and yet ready to do KYC for anything related to Crypto! I mean, why would someone do public registration of a private asset holding is beyond my realm of understanding. Even buying a HW by providing any sort of personal info kills the whole purpose of Crypto.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com