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

[JayJuanGee]

This is a Legendary Person ! What a true and pure Person .. ☺️❤️
https://youtu.be/Ir3eJ1t13fk?si=WAO9L26eSpbiwrKv

God bless !

How are you thinking that bitcoin fits (or would fit) into his life?






Anyone?






Anyone?

[1714677879]

1714677879

[1714677879]

1714677879

[eXPHorizon]

This is a Legendary Person ! What a true and pure Person .. ☺️❤️
https://youtu.be/Ir3eJ1t13fk?si=WAO9L26eSpbiwrKv

God bless !

How are you thinking that bitcoin fits (or would fit) into his life?






Anyone?






Anyone?

Current Blajtcoin shouldnt be anywhere near to this pure Person. He would probably say : Keep your Trash

[Gachapin]

I see you suckers are still here hoping for a miracle. It’s been a while now and the price still gets rejected at 30k or just a little over. I wonder when the big flush to 10k will come? I suggest you all dump your bitcorns because things are going to get a lot worse. Buy silver, it’s far superior, precious metals will make a big comeback in the coming years. Bitcoin will never see another all time high, it was fun while it lasted. Sell everything or lose everything. I’m trying to help you all and warn you. I don’t like seeing people end up broke. Please take heed, you are running out of time to sell in the $20,000’s.  

...

Didn't know that roach and proudhon had offspring together

[LFC_Bitcoin]

I see you suckers are still here hoping for a miracle. It’s been a while now and the price still gets rejected at 30k or just a little over. I wonder when the big flush to 10k will come? I suggest you all dump your bitcorns because things are going to get a lot worse. Buy silver, it’s far superior, precious metals will make a big comeback in the coming years. Bitcoin will never see another all time high, it was fun while it lasted. Sell everything or lose everything. I’m trying to help you all and warn you. I don’t like seeing people end up broke. Please take heed, you are running out of time to sell in the $20,000’s.  

...

Didn't know that roach and proudhon had offspring together

Nobody will ever beat NotLambChop, she (apparently female) was relentless. I remember her spamming full pages of old men in, shall we say, compromising positions. A truly twisted, weird woman, pretty intelligent which made it all the more fucked up.

Trolls come and go but bitcoin continues to prove them all wrong. The genuine NOCOINER one’s (proudhon must be a whale…..surely) must he devastated to witness what a beast bitcoin is and continues to be.

They will all disappear in 2024 and 2025. We’ll probably get a visit from proudhon at some point as the next bear market starts in 2026 and then the cycle starts again. We’ll all be here cheerleading, posting memes, rockets and green dildos, hot girls etc regardless of the price.

[eXPHorizon]

Bljatcoin is actualy on a downward spiral in both Usage,Reputation and Community. Actualy beyond repair..

[Gachapin]

So not bragging about your holdings is another easy security layer.

Part of the reason why 0.63 BTC will have to be downgraded, at some point.

@AlcoHoDL, Trezor vulnerability is something that has been known for years, there was a lot of discussion about it in the technical discussion boards, but luckily every user can protect himself by setting a passphrase, and there is also another option, which is the use of an SD card.

When it comes to passphrase, the conclusion is that they should be at least 37 characters long :

A physical access to a Trezor One, Trezor T, Keepkey, or B-wallet allows an attacker to extract the 12/24-words within a few minutes using a low-cost setup (~100$), with a very high reproducibility (we had 100% success). We finally proved it can be fully automated allowing anyone to use it in case someone would sell the Extraktor box (similar to old Playstation hacks). This attack can not be fixed. The only mitigation is to use a strong passphrase: we recommend 37 random characters to maintain the same level of security.

For those who are interested in how to protect themselves additionally with the help of an SD card :

Trezor T (2.3.0) and Trezor One (1.9.0) firmware update

Also, one thing I forgot is that it is possible to set a so-called fake PIN that can be left as a bait, and if it is entered, all data from the hardware wallet will be deleted.

The Wipe Code
Another exciting new feature is the wipe code that acts as a “self-destruct PIN” that erases your Trezor if someone tries to unlock your device without your consent. If the wipe code is entered into any PIN entry dialog, then all private data will be immediately erased from your Trezor and the device will be reset to factory defaults. You can write the wipe code somewhere near your Trezor as a decoy PIN, so if someone tries to unlock the device without your consent, they will cause it to erase itself. You can also use the wipe code to reset your Trezor without using a host device. This update can be enabled on both Trezor models.

A 128 bits PIN should do the trick as well, as it is used to encrypt the seed on the chip.

(Please let me know if you think I'm wrong)

I still have problems with the need for 37 random characters for the 25th word.. and let's say if someone just has 10-15 somewhat random characters, then how long is it going to take to break into the Trezor?

Remember each time that we log into the device and sometimes we might get disconnected and have to log in again, it can take quite a bit of time to be logging in these 37 random characters each time...

I am not going to say how many digits that I actually use, and  I also am not going to give any hints either... and it is bad enough that I said that I use such a device, in theory.

By the way, we have a long term member in these here parts that swears by that piece of crap, aka Ledger, and surely there are probably quite a few members who may or may not be in the closest about their use (and apparent belief) in the Ledger crap.

~snip~
A 128 bits PIN should do the trick as well, as it is used to encrypt the seed on the chip.

(Please let me know if you think I'm wrong)

You are definitely right, considering that I am not a user of Trezor, I was not even aware that in 2021 they increased the maximum PIN length to even 50 digits, and they say that 39 digits is quite enough to protect the seed from hacking. It's actually a good thing for those who for some reason don't want to use a passphrase or maybe don't even know such an option exists - although it's an option they always recommend to advanced users.

Everyone should use the passphrase.. and it should not be considered advanced... and maybe using 37 random characters might be considered advanced.

But I still wonder if a relatively short password might just be considered a less advance version. and is better than no password at all.. so why do we have to have a need to overly complicate matters by suggesting so much complication, when surely it must add quite a bit of difficulty to just have a shorter 25th word in there (or 13th word seems to be more standard) rather than no extra word (passphrase) at all.

In other words, why let the perfect be the enemy of the good?

We have a lot of cases where users wonder why they don't see anything on their balance even though they have the correct seed, and then it turns out that they actually added an extra password without which the seed creates a completely new set of addresses.

It might be a bit impractical to enter a PIN that's 39+ digits long, but for the average user it's probably easier than setting a passphrase.

Oh I see that the 39+ pin is different from the extra word...and that 39 character pin would resolve the other issue regarding a hacker getting ahold of the physical device and breaking into it.. so that still leaves the issue of the 13th or 25th word actually not needing to be very complicated, and a 8-15 character passphrase may well make it quite difficult to get at the wallet because they would first need to know (or suspect) that such a wallet (or extra portal to a wallet) actually exists in connection with the 12 or 24 word seed that was extracted from the device.

Some thoughts:

If nobody can access your seed your won't need any passphrase, if the seed was created with sufficient entropy ...which should always be questionable though!
Also, you are right, even a short passphrase will leave anyone who gets your seed in doubt if there even is a hidden passphrase wallet and if it makes sense to put in the work to look brute force for any.

A 128 bits phrase can secure your seed with the same security the seed secures your BTC, if that's what you want/need for ease of mind.

Nice thing: totally independent from all that passphrase science is the PIN which can secure your Trezor 100% against seed extraction from the open source chip. If the PIN is strong enough, your device will be worthless to any attacker.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

[edited out]

Some thoughts:

If nobody can access your seed your won't need any passphrase, if the seed was created with sufficient entropy ...which should always be questionable though!
Also, you are right, even a short passphrase will leave anyone who gets your seed in doubt if there even is a hidden passphrase wallet and if it makes sense to put in the work to look brute force for any.

A 128 bits phrase can secure your seed with the same security the seed secures your BTC, if that's what you want/need for ease of mind.

Nice thing: totally independent from all that passphrase science is the PIN which can secure your Trezor 100% against seed extraction from the open source chip. If the PIN strong enough your device will be worthless to any attacker.

From this discussion, I think that I am starting to understand some of the ideas more also, and truely if you hafve to use a 37 or 39+ character pin, then holy fucking shit, you are not going to be using that wallet very often because Trezor frequently requires you to enter in the pin when you are doing various transactions and to confirm transactions.. and maybe it is just to wake up after a few minutes of inactivity and maybe some of those settings could be tweaked in order to not require the 37-39+ character pin every single time.. ..

I don't know the exact answer, even though I know what I do, and from time to time, I also tweak what I do order to try out new things.. and surely we can do what vapourminer suggested which then allows for various seed phrases to be entered each time we are going to use the trezor and maybe if we have a few days of trezor work we conduct a variety of transactions prior to deleting the seed from the device.. which does seem like a bit of extra work, too.. but maybe not a bad compromise..

I think that I had mentioned in another thread that I had some border crossing experiences in which I would not have the seed on my trezor but a different seed, so I am not totally opposed to the practice of carrying a trezor with either a dummy seed or no seed.. but then at some point, i had started to feel less comfortable with that particular seed, so I ended up switching seeds (creating a new wallet).

Another thing is that through the years, many of us might have old wallets and we may or may not be able to access them anymore, but there still could be questions about the extent of their value and even concerns that maybe some value could end up getting sent to them or maybe some historical fork could be extracted...so I am not even sure how to keep track of old wallets and old addresses, even though I have read some posts on the topic too.. with some members entering old wallet addresses into a bitcoin tracker (or watcher) and those seem a bit potentially dangerous practices too.. to be discovered to be watching certain bitcoin wallets/addresses might create inferences that you either own them or had owned them at one time... and then to have them in one place to be connected could be problematic too.. and some of us have probably already made some of those kinds of mistakes in terms of how we are managing our addresses.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

One thing that I find a little odd is how many people are claiming on social media that the Blackrock Bitcoin spot ETF is already approved and waiting to be announced. It seems like a desperate move by traders clinging to their leveraged position. The amount of people who think we’re going up is the biggest bearish indicator to me. That being said, I’m among them. The tidal wave of investment is on the horizon.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Explanation
Chartbuddy thanks talkimg.com

every one went out for Friday night?

and buddy grinds on and on and on

fucking bots.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

It's not like we are all posting a lot of great content.

buddy is like a "heat death" of the universe...boring as heck...when taken in large doses.

That said, most peeps on WO seem to be just counting time either to the end of September (more daring ones) or to Jan-February (more conservative ones).

Btw, the same 'boring' markets seem to occur elsewhere as well, which typically does not portend well.
Some entity bought several thou VIX 180 Feb 24 call contracts today.
Granted, they probably also sold some at the lower number to balance the trade, but still...even in 2008 VIX only went to about 89 at the maximum.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

I grabbed some silver.

I am stacking more btc.

[Magic-Maker-40]

I grabbed some silver.

I am stacking more btc.

hahaha I don't have both

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com