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

[fillippone]

X.
https://jdstaerk.substack.com/p/we-just-found-malicious-code-in-the

I was about posting about this.

This is serious.

Long story short:

ALWAYS CHECK THE WHOLE ADDRESS IN THE HARDWARE WALLET DISPLAY.
DON'T BE COMPLACENT WITH SECURITY.

• Don't trust your UI of the Wallet.
• Don't trust the First and last characters to confirm the Wallet.

Discover more here:

Ledger CTO warns of a potential mass attack taking place

[d_eddie]

Ledger have already proved their clownmanship, but this is preposterous. Don't they checksum the libraries? Can just anyone push bogus stuff on github or wherever it is that the code is kept? I think there's something I'm missing.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BTCETFInvestor]

Ledger have already proved their clownmanship, but this is preposterous. Don't they checksum the libraries? Can just anyone push bogus stuff on github or wherever it is that the code is kept? I think there's something I'm missing.

According to Ai, GitHub is a cesspool for hackers to create fake repositories containing malicious code to infect victim's computers to steal credentials, crypto wallet data, and hijack funds during transactions. They use social engineering to make these projects appear legitimate and trustworthy, luring users into downloading malware.

Hackers are known to create counterfeit projects on GitHub that appear to offer legitimate tools, such as cryptocurrency trading bots or software for managing Bitcoin wallets. These repositories are designed to purposely trick users into downloading malicious software by employing deceptive tactics.

This is not good! It sounds like this is a good way to have your Bitcoin removed from your self- custodianship...

I am glad I don't need to worry about any of that self-custody stuff!

[cAPSLOCK]

X.
https://jdstaerk.substack.com/p/we-just-found-malicious-code-in-the

I was about posting about this.

This is serious.

Long story short:

ALWAYS CHECK THE WHOLE ADDRESS IN THE HARDWARE WALLET DISPLAY.
DON'T BE COMPLACENT WITH SECURITY.

• Don't trust your UI of the Wallet.
• Don't trust the First and last characters to confirm the Wallet.

Discover more here:

Ledger CTO warns of a potential mass attack taking place

The red text is the key. I also came here to point this out.

The ledger guy is arguing a technicality. If you check the address in the screen of the hardware wallet, assuming it has one, then you will be safe, or at least you'll see the wrong address, but you must be very careful because this exploit is sophisticated and will actually calculate a address that looks as close to the one that you're sending to as they can find. So just checking a few digits, it's not enough in this case. If I were moving big coins from hardware wallets right now using their software, I would definitely check the entire address.

That points out another important point. The issue is with the wallet software, not the hardware. So if you're using Sparrow, for example, you're okay, because they don't use those libraries. (STILL CHECK) But most of the big commercial wallet designers use those libraries and their bundled software.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[promise444c5]

Ledger have already proved their clownmanship, but this is preposterous. Don't they checksum the libraries? Can just anyone push bogus stuff on github or wherever it is that the code is kept? I think there's something I'm missing.

It needs to be accepted by the developer but GitHub itself allows any code to be stored in a repository..people can report a repo if it contains malware or similar threats though .

For libraries, npm packages aren’t directly dependent on the repositories. What actually happened was that new versions were published under Qix-’s account (after it was hijacked) even though there were no updates on the GitHub repositories.

His latest update was that he has regained access to his account, but he believes other maintainers may have been compromised as well, that was about an hour ago
How it started:

[BTCETFInvestor]

Ledger have already proved their clownmanship, but this is preposterous. Don't they checksum the libraries? Can just anyone push bogus stuff on github or wherever it is that the code is kept? I think there's something I'm missing.

It needs to be accepted by the developer but GitHub itself allows any code to be stored in a repository..people can report a repo if it contains malware or similar threats though .

For libraries, npm packages aren’t directly dependent on the repositories. What actually happened was that new versions were published under Qix-’s account (after it was hijacked) even though there were no updates on the GitHub repositories.

His latest update was that he has regained access to his account, but he believes other maintainers may have been compromised as well, that was about an hour ago

How it started:

Damn!  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

[edited out]

The first week of September could be better for BTC....   just like in September 2022, Although things are different now.the signs are not good....
... for September, and I think October and November onwards will be same from 2022 as well... also, maybe(hehehe...)

You seem to have had gotten your years wrong.

If you understand that bitcoin has been in a 4-year cycle pattern for the past 16-ish years (sure it is not necessarily precise, but it is how many of us consider the BTC price movements and/or dynamics).

Accordingly, since we are in 2025, then we are looking at 2021 as the place where we are at and not 2022..... since 2022 was pattern upon a downward year that came after the 2021 top, and yeah, the pattern may well not be exact, but if you are looking at 2022 you are in the wrong part of the cycle since 2022 goes along with 2026 looking forward and it goes along with 2018 looking back.

By the way, is that your chart with the various squigglies?  or did you get such chart from someone else?

Don't get me wrong. There are some guys who are considering that the 4- year cycle could break at any time, yet it seems to be better to counting the dynamics of the 4-year cycle rather than making up some theory that makes little sense... especially 2022 was totally a down year and we spent 2023, 2024 and this year slowly (and sometimes not so slowly) grinding up from the 2022 lows.. and so therefore questions relate to the extent to which the cycle might be ending or if we might have some kind of a blow off top or potentially otherwise deviating from the four-year cycle by going into some kind of an extended uppity period that drags in to 2026 - which many people consider to still be possible, but it still does not put us into 2022 based on actual dynamics of where we are at, and 2022 we ended up going below the 200-WMA for right around 16 months, and ever since about early 2024 we have been significantly above the 200-WMA.. including currently - nearly 120%  above the 200-WMA.

Wouldn't' you consider the dynamics to be different right now since we are 120%-ish above the 200-WMA as compared to September 5, 2022 (the date circled on your chart, when we were about 14% below the 200-WMA?

What you are saying is confusing, and you are proclaiming to aspire towards being a bitcoin trader. Right?

Well, it seems that Saylor is an example to follow for every institution:

That is categorically incorrect.

Saylor is a representative of a very large company that is getting bigger and bigger due to his using other people's money to buy bitcoin for himself and his company... and perhaps creating a honey pot for Uncle Sam to take.

Michael Saylor’s Strategy purchases 638,460 Bitcoin, valued at $ 217 million.
A SEC filing indicates that Strategy primarily funded the purchase by selling MSTR shares.
Strategy’s stock is up 2.54% on TradingView, trading near last week’s close of $335.
Michael Saylor’s Strategy, formerly known as MicroStrategy, announced another weekly Bitcoin purchase after missing out on the S&P 500 last week. Bitcoin has bounced back above $112,000 today, with MSTR experiencing a 2.54% increase over the last 24 hours.

Nice buy though, for his company and his shareholders.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

BITCOIN 2017 vs 2025.
Same setup. Same cycle.
Red built the floor.
Blue loaded the bags.
Green launched portfolios.

It’s the same script…
Only now, the scale is explosive.

Miss it now and you’ll regret it for years

This is the chart that has been in my head the last year. In 2017 I did sell some a little too early (around 6K) and that’s when I learned my lesson that it is better to be late than early when it comes to selling Bitcoin. I feel similar to how I felt in 2017 right now, so with some luck the pattern will repeat. I’ll admit I feel like I should be selling now, but I’m along for the ride. Also worth noting the price eventually went back to $1,500 for the folks who think we won’t see $50K again.

Part of the reason that you are still trading like a degen is because you are too greedy, and so I really doubt that you are better off for your supposed smartness in getting in and getting out at a variety of times since your 2011 entrance into dee cornz, and yeah maybe you were lucky in 2017 to be able to buy BTC back at or below your $6k-ish sell price,  yet I imagine that you probably ended up buying high and doing a second fuck-up, besides your having had sold too much too soon.

Regarding the BTC price returning to $50k, how much would you like to bet on that?  I am pretty sure that you would not be so retarded as to put your money where your mouth is.

Maybe I could also remind you that you don't even know your basic facts in regards to where the BTC price went after the 2017 price run.  Between 2018 and 2019 there were a decent amount of wannabe bitcoin price gurus (like yourself) calling for mid-to lower $1ks and even possibly going into the triple digits, but of course, none of that ended up happening.. even though sure, it was theoretically possible for bitcoin to have had corrected and gone back to test those mid-to lower $1k price levels.. but it did not.

The lowest that the BTC price got in late 2018 was $3,124 and that did not even last very long.  Perhaps there were several chances to get BTC in the upper $3ks between early December 20172018 (woops) and March 2019, and sure there was that one more surprise dip to $3,800 on March 12, 2020.  At the same time, the BTC price spent most of 2018, 2019 and 2020 between $6k-ish and $10k-ish with a few break outs to the upside and to the downside.

Anyhow I will be waiting for you to negotiate your bet terms for BTC price to go to $50k between now and the end of 2027 or until BTC prices reach $300k, which ever comes first.  I imagine you will be willing to concede that you lost such a bet if BTC prices were to reach $300k, no?

By the way, I already understand that you are likely losing on bitcoin right and left, so one way or another you are going to figure out ways to either lose money or to leave a lot of value on the table becuase you don't know how to concentrate on accumulating bitcoin and mostly holding it.

Just imagine if you had actually started to accumulating bitcoin in 2011, 2012, 2013, 2014, or 2015  and just stuck with it (rather than fucking around trading)?

The earlier that any of us got into bitcoin the better, yet maybe there could be some reason to give you some latitude to have had been a later bloomer, and maybe you did not actually get started and figuring it out in 2011, and so even if you smartened up in 2013, 2014, or 2015, you would have had still done pretty well if you had buckled down and focused on accumulating and holding rather than fucking around trading, but it seems that you still have not figured out that bitcoin is better as an investment rather than as a trade.

Ledger have already proved their clownmanship, but this is preposterous. Don't they checksum the libraries? Can just anyone push bogus stuff on github or wherever it is that the code is kept? I think there's something I'm missing.

According to Ai, GitHub is a cesspool for hackers to create fake repositories containing malicious code to infect victim's computers to steal credentials, crypto wallet data, and hijack funds during transactions. They use social engineering to make these projects appear legitimate and trustworthy, luring users into downloading malware.

Hackers are known to create counterfeit projects on GitHub that appear to offer legitimate tools, such as cryptocurrency trading bots or software for managing Bitcoin wallets. These repositories are designed to purposely trick users into downloading malicious software by employing deceptive tactics.

This is not good! It sounds like this is a good way to have your Bitcoin removed from your self- custodianship...

I am glad I don't need to worry about any of that self-custody stuff!

Now you are going to pump your belief  of the superiority of not owning bitcoin, but instead buying bitcoin derivatives?

[Room101]

It's weird how complicated people like to make shit. People have been talking about Elliot waves and bitcoin since I started here in 2013. Buy now, sell now, definitely this is what the future holds. Sounds fucking stressful if you ask me. Plus a recipe to end up with 0 bitcoin. I'm sure there are people out there that have made a killing, survivorship bias and all that. Maybe even a couple know what the fuck they are talking about. Still stressful.

With btc the KISS principle has always worked out pretty fucking well, and will continue to do so as far as I can see.

Buy bitcoin. Only sell if you absolutely have to. Like a loved one needs a kidney, or the bank is coming to repossess your house or some shit. In bear markets don't look at the price. Sometimes for years. Chill the fuck out. Don't think you are smarter than you really are, sure as fuck don't think you are smarter than the chaos that is bitcoin price movements.

Buy bitcoin. Don't stress. Don't sell. Don't be greedystupid.

If every chart producing oracle that has come and gone from these pages had done that, there would be a lot more rich forum members. Your charts, models and fancy theories will send you broke. I'll still be here. Once I forgot my password for 3 years. Thank god for JohnTheRipper.

Buy bitcoin. Chill the fuck out.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Dictator69]

It's weird how complicated people like to make shit. People have been talking about Elliot waves and bitcoin since I started here in 2013. Buy now, sell now, definitely this is what the future holds. Sounds fucking stressful if you ask me. Plus a recipe to end up with 0 bitcoin. I'm sure there are people out there that have made a killing, survivorship bias and all that. Maybe even a couple know what the fuck they are talking about. Still stressful.

I loved the KISS principle first time learning about it, but already loved it. And about the Elliot wave I totally agree with you. People love to overcomplicate things. Just the name "Elliott Wave" sounds so advanced that anyone hearing it for the first time thinks they’ve found Aladdin’s lamp - like they can just rub it and print unlimited Bitcoin. In reality though, it’s less like a magic lamp and more like an all-you-can-eat buffet - looks exciting at first, but in the end it usually leaves you sick - or in this case, with zero Bitcoin.

[hisslyness]

Two completely off-topic (and mutually irrelevant) things. Because I'm in a weirdly good mood today.

1. Eat fresh figs. Try them. They taste of heaven and are very good for you. Diabetics should watch out though, as they are (naturally) very sweet.

2. Drop Google Drive and OneDrive, and start using Syncthing. Open-source, free, private, encrypted, secure, powerful, continuous file synchronization program. Just started using it and loving it to bits.

looks on point to me!