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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

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[WatChe]

Next attempt on ATH
initiated today
A Haiku Sunday

Got a message from one of my friend who is in USA (also a non Bitcoiner) that Bitcoin is at 70k.

My simple reply, Bitcoin is the king.

[OutOfMemory]

Interesting. It was also my first SSD based netbook, while i did experiment with Linux based VDR (DVB-S) before, in which i decided to install 4GB SSD as a system drive for fast boot, 2007, AFAIR.  My eeePC was a later edition, including 3G sim slot and most components were covered by a plastic sheet inside, for dust protection. It was the perfect tool for hacking on the road and wardriving in urban areas. For now i will move to 12" mediatek netbook, some leftover from my mother, but i will have to install an SSD first, beacuse booting this thing to working state takes at least five minutes.
One thing to add: The eeePC battery held up quite well over all those years.

The netbooks were nice. It's a shame Microsoft decided to embrace, extend, extinguish. Now we have Chromebooks, I guess. I still have an eeepc with Ubuntu myself which is still useful on occasion.

I saw this Sony Vaio 10" netbook with debian on it on a IT security conference in Maastricht in 2002 and instantly fell in love with it. The eeePC was just a continuation of my love for tiny notebooks, and it had 3G, otherwise i would have chosen the VAIO (can't remember the model name, maybe it was X10?)

At least you were aware back then about what a performance bottleneck storage was. It seemed as if CPU speed was the only thing a lot of people cared about. I remember a friend being annoyed that my old Socket7 AMD K6-2 system was visibly faster than his brand spanking new Pentium3 system. I pointed out that I had 4 times as much RAM and a faster HDD.

Indeed. I remember reading about SSD technology in a tech magazine. The main advantage (besides speed) that i saw was replacing temperatur sensitive disk drives. High spinning drives got hot and were noisy, but in Laptops you could not bring them inside from the cold in winter without letting the HDD warm up for at least 30 minutes or you risked to kill them because of condensation problems. When i was working for a support team, i got many of them for repair because the users kept them in the car's trunk overnight, bringing them into the office next day and litterally booting them to death.
This problem was gone with SSD technology.

I was always fascinated by the idea of booting from solid-state storage but flash memory capacities were too small then. In 2005 Gigabyte brought out iRAM which put 4 DIMMs on a PCI card to allow fast booting but it was vulnerable to power outages. I backed off until decently sized SLC non-volatile SSDs became available a year or two later. My big breakthrough came when I replaced my RAID-0 array of 4 10000RPM WD Raptors with 4 OCZ Vertex SSDs in RAID-0. I was disappointed to find it was bottlenecked by my motherboard's southbridge. I had to get a PCIe RAID card to get full performance. From there I graduated to my first OCZ Revodrive.

Those were the days.

Story of a true storage gourmet  

You mention wardriving. Many people didn't bother to protect their wifi back then so wardriving was a thing. I remember warning people about protecting their wifi after an incident in Toronto's west end. The cops stopped a car at 5:00am driving the wrong way on a residential street. They found the driver with his pants at his ankles masturbating as he downloaded kiddie porn onto his laptop using other people's wifi networks. Good thing the cops got the guy. Imagine some sucker sleeping innocently at home not knowing he was getting put on the kiddie porn list.

Struck by Karma. We did the wardriving to find entry nodes for carrying out mass-website-defacing, which is also not quite nice, but way nicer than downloading ch1ld-pr0n.
It was about competition, not about doing harm to website owners (mostly companies). There was a site on the internet, where every defaced index page was mirrored after you reported it, as well as toplists of the most successful groups, where we held first place for some time, until one of our members in Brazil got busted after hacking (the wrong) FTP servers. It then fell all apart quickly and the rest of us got real jobs.

EDIT: Haiku!

Bitcoin lingering
slightly below all-time-high
When will we push through?

[JayJuanGee]

$2 short of $70k...

FFS, Bitcoin! Give us what we want!

The exchanges are doing their hardest to stop any  new ATH, they're acting like rigged banks,

but they appear to be losing, new ATH in 5....4.....3.....

I reckon Binance is printing a shitload of paper bitcoin to push the prices down, and perhaps offloading their own customers coins. My guess is that Binance will be the next FTX after this run peaks.

You coming off as somewhat crazy... Binance is currently coopted by the US Govt, under strict surveillance.

yeah, sure shenanigans might still happen, but surely not based on the seemingly ill-informed framework that you seem to be coming at the issue.

Think about the matter. Binance was largely a renegade exchange that they US Govt (and probably some BIG players) were afraid that they could not control or manipulate, and now they have way more tools to accomplish such control and/or manipulation. .perhaps not total control, but a lot of it.

That is not even fucking close to what FTX was doing...so it is ongoingly silly to make such comparisons without at least attempting to put matters in to a more factually based framework...  or even using some attempts at logic too.. .


think about another matter that revolves around Tether FUD that ended up largely not being true, so yeah the dynamics are changing where tether seems to be playing along to get along a lot more and acting less like a renegade.. .. so it is good to attempt to update our talking points with some of the dynamics, and surely I don't claim to know all of the dynamics, but I know that there are a lot of attempts to corral some of these various bitcoin related entities (and yeah crypto too).. while at the same time, they (the powers that be, USA Govt, rich people/institutions / other governments) are ONLY able to so much in terms of trying to coordinate their various corralling efforts, especially since not everyone is cooperating.

IMO exchanges want shitcoins to flourish, so they do their best to keep a lid on BTC so as it doesn't attract as much attention.

Well that part is true.. there is desperation to pump various kinds of bullshit, distract and perpetuate disinformation and/or misinformation.. so yeah, I have to agree with you on those angles.... but your framing of Binance as the bad guys is likely ONLY a recent development that still has to do with the US Govt to do the bidding of Blackrock et al to try to keep Binance as controlled as they are able to accomplish under current circumstances.

How exactly is JJG able to write these books here?

"Free" will.  

And by using dee fingers.

And, thank you to the forum and theymos for allowing such open dialogue..

If you had not noticed, we (royal and otherwise) can say "almost" anything that we like in these here parts.. ."almost"

How exactly is JJG able to write these books here?

New iPhone to read JJG books

I like your texts JJG and I read as many as I can

ooooo.. nice Iphone that you got there.

You must have "relations" with Tim Cook to be able to get your hands on one of those bad boys.

Sideways sideways sideways...

Well at least the 200WMA goes up.

I'm thinking about what you said JJG but I think the 200WMA is too conservative for me at this point. I'd rather have something like 2 years of fiat for my living expenses, and try to time sells at "good prices", sell something like 6 months living expenses, rinse and repeat. And not go below 1 year of fiat in reserve.

But I'm not decided on when to start.

I get a bit muddled in my use of the 200WMA, but I still think it serves as good bottom indicator so you might modify the levels of your sales (if any) to cause them to be smaller if the BTC price is anywhere close to 25% from the 200-WMA or lower than that.. and you can feel more comfortable if you are making BTC sales when the BTC price is way higher than the 200-WMA... like right now, we are right around 118% higher than the 200-WMA.. and sure there have been times in 2017 that we were 1,400% higher than the 200-WMA and times in 2021 only ranged between 200% and 500% above the 200-WMA (the earlier 2021 price rise achieved a higher percentage above the 200-WMA).

I think that my attempt at outlining a raking system works much better than the sustainable withdraw based on the 200-WMA (with fillippone's Google Spreadsheet to help with any guy wanting to manually input his own numbers into the raking system) because it is purely based on figuring out BTC price rises as trigger points for sales.. and sure you can account for how for you are from the 200-WMA, but the more important thing is just thinking about your comfort level in shedding off some cornz so you can get to the levels that you would like to have for fiat in reserves.  Of course, we know that bear markets could end up seeming like they last 2-3 years, and you never know if they could get longer in the future, but it seems that we are more likely to have up, up and more up before entering into any bear market - even though there  are likely going to be several fakeout "crashes" along the way... so yeah, sometimes it can be nice to have some fiat in reserves because we never really know when the actual crash (meaning the longer one that had been typical of prior cycles) is going to come for real (I am presuming that it will, just a matter of exhausting the exuberance first with some meaningful blow off tops and perhaps some rug pulling or other shenanigans that justify a decently long period of crashening).

Next attempt on ATH
initiated today
A Haiku Sunday

Got a message from one of my friend who is in USA (also a non Bitcoiner) that Bitcoin is at 70k.

My simple reply, Bitcoin is the king.

I'm sure that your friend will find your message to have had been very helpful... It is almost like saying:  "I told you so," but in a more subliminal way.

[AlcoHoDL]

Interesting. It was also my first SSD based netbook, while i did experiment with Linux based VDR (DVB-S) before, in which i decided to install 4GB SSD as a system drive for fast boot, 2007, AFAIR.  My eeePC was a later edition, including 3G sim slot and most components were covered by a plastic sheet inside, for dust protection. It was the perfect tool for hacking on the road and wardriving in urban areas. For now i will move to 12" mediatek netbook, some leftover from my mother, but i will have to install an SSD first, beacuse booting this thing to working state takes at least five minutes.
One thing to add: The eeePC battery held up quite well over all those years.

The netbooks were nice. It's a shame Microsoft decided to embrace, extend, extinguish. Now we have Chromebooks, I guess. I still have an eeepc with Ubuntu myself which is still useful on occasion.

I saw this Sony Vaio 10" netbook with debian on it on a IT security conference in Maastricht in 2002 and instantly fell in love with it. The eeePC was just a continuation of my love for tiny notebooks, and it had 3G, otherwise i would have chosen the VAIO (can't remember the model name, maybe it was X10?)

At least you were aware back then about what a performance bottleneck storage was. It seemed as if CPU speed was the only thing a lot of people cared about. I remember a friend being annoyed that my old Socket7 AMD K6-2 system was visibly faster than his brand spanking new Pentium3 system. I pointed out that I had 4 times as much RAM and a faster HDD.

Indeed. I remember reading about SSD technology in a tech magazine. The main advantage (besides speed) that i saw was replacing temperatur sensitive disk drives. High spinning drives got hot and were noisy, but in Laptops you could not bring them inside from the cold in winter without letting the HDD warm up for at least 30 minutes or you risked to kill them because of condensation problems. When i was working for a support team, i got many of them for repair because the users kept them in the car's trunk overnight, bringing them into the office next day and litterally booting them to death.
This problem was gone with SSD technology.

I was always fascinated by the idea of booting from solid-state storage but flash memory capacities were too small then. In 2005 Gigabyte brought out iRAM which put 4 DIMMs on a PCI card to allow fast booting but it was vulnerable to power outages. I backed off until decently sized SLC non-volatile SSDs became available a year or two later. My big breakthrough came when I replaced my RAID-0 array of 4 10000RPM WD Raptors with 4 OCZ Vertex SSDs in RAID-0. I was disappointed to find it was bottlenecked by my motherboard's southbridge. I had to get a PCIe RAID card to get full performance. From there I graduated to my first OCZ Revodrive.

Those were the days.

Story of a true storage gourmet  

You mention wardriving. Many people didn't bother to protect their wifi back then so wardriving was a thing. I remember warning people about protecting their wifi after an incident in Toronto's west end. The cops stopped a car at 5:00am driving the wrong way on a residential street. They found the driver with his pants at his ankles masturbating as he downloaded kiddie porn onto his laptop using other people's wifi networks. Good thing the cops got the guy. Imagine some sucker sleeping innocently at home not knowing he was getting put on the kiddie porn list.

Struck by Karma. We did the wardriving to find entry nodes for carrying out mass-website-defacing, which is also not quite nice, but way nicer than downloading ch1ld-pr0n.
It was about competition, not about doing harm to website owners (mostly companies). There was a site on the internet, where every defaced index page was mirrored after you reported it, as well as toplists of the most successful groups, where we held first place for some time, until one of our members in Brazil got busted after hacking (the wrong) FTP servers. It then fell all apart quickly and the rest of us got real jobs.

I remember there was a time (maybe early '10s) when you could crack Wi-Fi passwords fairly easily, esp. those of the WEP variety. I did it a few times, mainly to speed up downloading time (run a couple of VMs, each with a Wi-Fi stick connected to a neighbor's cracked Wi-Fi). 3 connections simultaneously downloading stuff. Used Kali Linux to do the cracking. Fun times. Now it's not so easy, probably much harder than I can hope I'm capable of. For my own router, I use a self-chosen, strong password and have all my Wi-Fi devices on the router's MAC-address white list, although I have a feeling all these can easily be defeated by a determined attacker, considering the usually poor f/w programming in those provider-supplied routers.

[Richy_T]

You coming off as somewhat crazy... Binance is currently coopted by the US Govt, under strict surveillance.

Everything is completely on the up-and-up there then, for sure.   Remind me why we have a distributed peer-to-peer currency again?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

I remember there was a time (maybe early '10s) when you could crack Wi-Fi passwords fairly easily, esp. those of the WEP variety. I did it a few times, mainly to speed up downloading time (run a couple of VMs, each with a Wi-Fi stick connected to a neighbor's cracked Wi-Fi). 3 connections simultaneously downloading stuff. Used Kali Linux to do the cracking. Fun times. Now it's not so easy, probably much harder than I can hope I'm capable of. For my own router, I use a self-chosen, strong password and have all my Wi-Fi devices on the router's MAC-address white list, although I have a feeling all these can easily be defeated by a determined attacker, considering the usually poor f/w programming in those provider-supplied routers.

Indeed. It's not so easy over the air, but if an attacker gets LAN access, there are some more vulnerabilities, especially with branded firmware in WIFI routers, which gets modified by the provider before pushed to the devices, delaying important security fixes.
Sensitive nodes need to run in their own networks, protected by hardware firewalls with IDS if connected to the web. They should not even be connected to any WIFI.
In my case, neighbors are not near enough. Attackers would have to hide on my property to get in WIFI range. I probably would easily get paranoid in a city appartment/flat.

OT: I took the time to measure the dimensions of my custom "laptop holder" in the basement today. I can install any Laptop that is less than 20cm deep, so i can replace the eeePC with an old 12" windows7 netbook from my mother, as soon as i get to her this week. At least the bigger screen will be worth it, while the cheap, slow laptop must be sped up with an internal SSD. Then i can continue with the milling and don't have to rush it to look for a newer windows10/11 Netbook of about the same size. All good.

[d_eddie]

You coming off as somewhat crazy... Binance is currently coopted by the US Govt, under strict surveillance.

They had to delist Monero. The one altcoin that has a reason to be IMHO.

[JimboToronto]

a true storage gourmet

Speaking of which, a lot of people here might not know of the accomplishments of Joe Breher. They see his Picnic Bear avatar and think of him as a grammar/spelling-obsessed grinch big-blocker.

In the world of data storage he was a hero, developer of many systems, storage engineer extraordinaire.

[OutOfMemory]

a true storage gourmet

Speaking of which, a lot of people here might not know of the accomplishments of Joe Breher. They see his Picnic Bear avatar and think of him as a grammar/spelling-obsessed grinch.

In the world of data storage he was a hero, developer of many systems.

Yeah, i recognized that after a few storage specific posts. I personally was not aware of the possibility to inject code via harddrive firmware, he was showing competence in these topics and lectured me one time after i wrote a rather naive reply in these regards, if i remember correctly.

The term "hero" triggered me.to remember about Hans Reiser, the creator of Reiser File System, which i used a lot for good performance and journaling reliability in Linux. The standard EXTFS disappointed me a little bit too often in kernel generations 2.2 and 2.4.
But his career had a sudden, sad ending, though. He went in jail for murdering his wife and development stopped.
Time to put my wandering mind to rest. See you tomorrow when Blackrock clients may serve us a new ATH

EDIT: I learned that the SEC delayed their decision about Blackrock's ETH Spot ETF on Monday. Seems i'm not very up to date at the time 

#GN

[cygan]

netflix or mr. Tarantino - c'mon please make it for us

[AlcoHoDL]

a true storage gourmet

Speaking of which, a lot of people here might not know of the accomplishments of Joe Breher. They see his Picnic Bear avatar and think of him as a grammar/spelling-obsessed grinch.

In the world of data storage he was a hero, developer of many systems, storage engineer extraordinaire.

I respect jbreher, and don't doubt (although I do not know the specifics of) his achievements, and I'm similarly obsessed with spelling/grammar (I consider this a positive trait).

However, in my opinion, he was wrong about strongly supporting BCH (Bitcoin Cash, a.k.a. Bcash LOL) and the big-blocker camp, back in 2017. Had I followed his advice, my stash would now be several Bitcoins smaller. I'm so very glad I did not!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JimboToronto]

It's Haiku Sunday.
I guess I should contribute
Before it's too late.

We're heading toward
Yet another all time high
(Weighted average).

Tomorrow a new
Week begins for ETF
Bitcoin purchasers.

Hopefully that will
Bring us a new all time high
In dollars at 'Stamp.

Let's keep rallying.
We have only just begun.
Go go Bitcoin go.

[JimboToronto]

a true storage gourmet

Speaking of which, a lot of people here might not know of the accomplishments of Joe Breher. They see his Picnic Bear avatar and think of him as a grammar/spelling-obsessed grinch.

In the world of data storage he was a hero, developer of many systems, storage engineer extraordinaire.

I respect jbreher, and don't doubt (although I do not know the specifics of) his achievements, and I'm similarly obsessed with spelling/grammar (I consider this a positive trait).

However, in my opinion, he was wrong about strongly supporting BCH (Bitcoin Cash, a.k.a. Bcash LOL) and the big-blocker camp, back in 2017. Had I followed his advice, my stash would now be several Bitcoins smaller. I'm so very glad I did not!

You're right. I edited my post to replace "grinch" with "big blocker".

I think he mainly stayed in real Bitcoin though. On his Linkedin page he describes himself as retired but busy with "investment managing".

I guess that's what the Wall Observer is all about: investment managing... managing to have the balls to keep hodling. 

[Biodom]

netflix or mr. Tarantino - c'mon please make it for us

Why?? I like "Dollar Bill":
https://www.youtube.com/watch?v=_D5smAeVlC0

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Somehow I got logged out. The capchas on this site are ridiculous.

 I use a VPN and I find the captchas everywhere ridiculous - especially on Google.  I don't think it really has much to do with security... they just want to know exactly who you are and hate it so much when they don't that they want to cause you max pain in hopes you'll give up on privacy.  Duckduckgo is my best friend for searches now.

duckduckgo uses google search so I've been using https://www.webcrawler.com

Somehow I got logged out. The capchas on this site are ridiculous.

 I use a VPN and I find the captchas everywhere ridiculous - especially on Google.  I don't think it really has much to do with security... they just want to know exactly who you are and hate it so much when they don't that they want to cause you max pain in hopes you'll give up on privacy.  Duckduckgo is my best friend for searches now.

Startpage is also a good choice.

They have been proven to log you.