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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (8.9%)
8/4 - 16 (12.9%)
8/11 - 8 (6.5%)
8/18 - 6 (4.8%)
8/25 - 8 (6.5%)
After August - 74 (59.7%)
Total Voters: 124

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26491110 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
OutOfMemory
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October 28, 2023, 09:44:28 PM
Merited by JayJuanGee (1)

Well its here, financial privacy is officially a violation of the partiot act if this law addition passes.


Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern

Quote
The term “convertible virtual currency” or CVC, means a medium of exchange that either has an equivalent value as currency, or acts as a substitute for currency, but lacks legal tender status.[74] Although Bitcoin has legal tender status in at least two jurisdictions, the term CVC includes Bitcoin for the purposes of this proposed rule.


https://www.federalregister.gov/documents/2023/10/23/2023-23449/proposal-of-special-measure-regarding-convertible-virtual-currency-mixing-as-a-class-of-transactions

If this would actually pass and get activated, we have a bigger, underlying problem.
But stupidity is common, and politicians aren't immune to it. I think it needs a lot of stupidity to make the majority of decision/law-makers to actually assume CVC's as a actual violation of the PA. I mean, El Salvador's role as establisher of Bitcoin as legal tender should invalidate the projection this proposal is built upon.
Right?

EDIT: Missed the important part: mixing.
I agree with you, this could become a problem to privacy, because realistically the proposal would probably be accepted.
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October 28, 2023, 10:03:28 PM


Explanation
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ChartBuddy
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October 28, 2023, 11:03:27 PM


Explanation
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"


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October 28, 2023, 11:06:43 PM

in addition to the options for losing keys mentioned by Biodom, there is always an unexpected hacking option. We can recall the story that happened a few months ago with Libbitcoin, where key generation was carried out with insufficient entropy, as a result of which the keys generated in this way were especially vulnerable to hackers. This way, you can be confident in the safety of your keys and still face the loss of your bitcoins. The probability of this is almost zero, but still not zero.
This is why addresses must be created on a computer which has no internet connectivity and printed on a printer that will never have internet access. Printer spooler buffers can be hacked.
Whats wrong with handwriting?
All possible leaking problems avoided and it should not be like a big deal writing a dozen of simple words down.
well, in this case you rely on additional wallet or ledger/trezor software, right?
<snip>
No, I create the seed with electrum on a computer that never goes online. I write it down on two pieces of paper (backup) and store it safely.* Once I'm done I shred the harddisk (the linux tool 'shred' not actual shredding) and reinstall linux + electrum from cd for the next time I have to sign a tx.
I have never seen any use in these little USB gadgets, too much trust involved for my taste.

*I also apply some crypto-fu by xoring with a simple password before writing it down, it still looks like a seed but isn't one

I don't mean to pry too much, but what happens if something happens to your wallet, so then you go to use your seed (hypothetically, maybe you had not accessed that seed for 3-5 years) and then once you try to retrieve your back up seed and put the two pieces together, one of your two pieces of paper is missing, damaged or otherwise not sufficiently readable?  

What I am getting at is that I hope you are not just relying on one back up.  

Another question would be if your wallet and its back up happens to be in the same house (or location) at the same time.. what if your house burns down? or gets hit by an asteroid (alien spaceship) and completely destroyed?   In this second scenario, you had both your regular and your backup destroyed at the same time... and that could also be a problem of having ONLY one back up, and I am not really opposed to having one of the back ups in the same building as the wallet (the primary), but there seems to be a need for some kind of locational diversity, even if it might be a separate building on the same property... but yeah, some folks might feel that they don't really have second buildings, and so maybe those people might get stuck with some kind of safety deposit boxes which ends up being a bit of a hassle since almost two safety deposit boxes might be needed unless there might be some ways to disguise the backups in plain sight.. which I would suggest is not an impossible task, even though it could end up in confusion for anyone who might not know the instructions for how to untangle the puzzle.

By the way, none of my questions are meant for you or anyone else to provide specifics regarding their own practices, and/or even if there might be some family members involved, there could be a kind of system in which a family member agrees that I am holding something personal in their filing cabinet or their safe or in one (or two) of their books or something in which, they might need to know not to throw away or to destroy, in the event that I am not visiting them on a fairly regular basis to be able to ensure that the location and/or the contents of the location is not messed with.

don't leave the WO victim to two trolls, will you?

Of course not, what can two trolls do against an army of professional liars?

ah ha!!!!!!!

I see an admission, there.   Tongue Tongue

That is sweet, in your own kind of a way.  I suppose.
What is really “sweet”, is that you have been online since 2014. Roll Eyes

If true, that seems neither "sweet" nor unusual enough to be pointed out as any kind of a "gotcha."

Please

'splain

selfie.

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October 29, 2023, 12:03:33 AM


Explanation
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"


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October 29, 2023, 12:08:58 AM

for me Bitcoin is very undervalued , I believe that Bitcoin should be at $80k right now.

That is a strange thing to say.

Bitcoin is at the price that it is at, and so usually if people proclaim that the "fair value/price" of bitcoin should be $x, then there would be some need to say what is the factor(s) that is (are) keeping bitcoin from being $x. which is about 2.353x higher than our current prices.

You just have a feeling?  or are there some factors that are interfering with bitcoin being that price?

you should likely realize that there are not too many good answers to my questions (because it calls for the suspension of reality - of what actually happened and maybe why the BTC price happens to be where it is at right now), and which is part of my criticism for your proclaiming that BTC should currently be at $80k-ish rather than at its current price of approximately $34k..
BitcoinBunny
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October 29, 2023, 12:37:27 AM

Matthew Perry reportedly dead by drowning in his own hot tub at just 54.
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October 29, 2023, 01:03:27 AM


Explanation
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philipma1957
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'The right to privacy matters'


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October 29, 2023, 01:14:49 AM

Matthew Perry reportedly dead by drowning in his own hot tub at just 54.

Where were his friends?

looks like it really happened.

https://www.latimes.com/california/story/2023-10-28/freinds-star-matthew-perry-dead-at-56
BitcoinBunny
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October 29, 2023, 01:19:45 AM

Matthew Perry reportedly dead by drowning in his own hot tub at just 54.

Where were his friends?

looks like it really happened.

https://www.latimes.com/california/story/2023-10-28/freinds-star-matthew-perry-dead-at-56

The story seems very similar to Whitney Houston (though she was a bit more unique I would say).  Cry

Assistant goes out to run errands, comes back after a short while, the star with a massive drug and alcohol abuse past has drowned... in Los Angeles.


Both could have had decades and decades more of life to live if only they had cut doing that crap abusive shite sooner.  Sad


Always think the song Celluloid Heroes captures what happens to so many famous artists well.
A very underrated song if you ask me.
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October 29, 2023, 02:01:19 AM


Explanation
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ChartBuddy
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October 29, 2023, 03:01:23 AM


Explanation
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jojo69
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October 29, 2023, 03:35:42 AM
Merited by Biodom (1)

https://www.youtube.com/shorts/ahYUbOdDH-I
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October 29, 2023, 04:03:27 AM


Explanation
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October 29, 2023, 05:01:20 AM


Explanation
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cafter
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October 29, 2023, 05:03:48 AM


He might had kept aside the hard drive containing 53 bitcoins and acquired another hard drive.
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October 29, 2023, 05:39:58 AM


Bitcoin greatly rewards order, and severely punishes chaos.

To anyone who has lost coins: you're doing it wrong, but thank you for your donation!
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October 29, 2023, 06:01:25 AM


Explanation
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October 29, 2023, 06:10:14 AM
Last edit: October 29, 2023, 06:57:26 PM by Biodom
Merited by JayJuanGee (1)

An average American family millionaires already?

https://www.marketwatch.com/story/can-the-average-american-family-be-called-millionaires-yes-but-c1eb830

Kind of bogus stat when everyone is lumped together.
The median wealth is $192K, but the average wealth of the top 10% by income is quite significant: $6.63 mil
1% (in US) was at least $11mil in 2019, much more now, probably:
https://www.investopedia.com/financial-edge/1212/average-net-worth-of-the-1.aspx

TL;DR A million bucks is not what it used to be. $2 mil fu money depicted in the "Gambler" aka 2014 is at least $3mil now.


Bitcoin greatly rewards order, and severely punishes chaos.

To anyone who has lost coins: you're doing it wrong, but thank you for your donation!

true, but that was a comedy skit, ya'll.
AlcoHoDL
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October 29, 2023, 06:40:11 AM

[...]


Bitcoin greatly rewards order, and severely punishes chaos.

To anyone who has lost coins: you're doing it wrong, but thank you for your donation!

true, but that was a comedy skit, ya'll.

Of course it was. Let's call it "educational comedy"...

BTW, the chaos was not the guy butchering the HDD, but the coin owner losing access, not having backups, etc.
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