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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

It's OT but I thought to come share this useful service...

Disposable emails.  Simple, web based can receive AND send.  Sending costs 100 sats, but receiving is free and unlimited.  The perfect thing for validation emails etc.  Having to pay a dime to send is a good thing too... cannot be used for spam, but you CAN send something if you absolutely need to.

The Price? 1k sats.  So a whole $1.25 a year.  You pay with LIGHTNING.

A PERFECT address  to use with a service like:  https://app.nokyc.cards  (also a fun/interesting/useful idea. )

https://lnemail.net

I have four of them now just because I liked the various random names i got.  This one was irresistible: onyxlynx627@lnemail.net feel free to email me lol.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

Somewhat more ON topic.  

A while back I recommended the NEW non-custodial Wallet of Satoshi.

Well I would like to give a caveat.  It MAY have privacy issues...  the idea is you can get a Spark pubkey.  Spark is the statechain that allows the wallet to be actually self custody in a way similar to how Aqua works.  And the lightning invoice contains routing hints that can revel your underlying Spark address and therefore potentially doxes you as to how much you hold in the wallet.

Yuck.

So this is 1 of 2 downsides to WoS.  The other is the fees will be a bit higher than a "pure" self run lightning solution.

All of that said I am STILL going to use this as my lightning daily driver.  Like the wallet resting against my left butt cheek, this only ever holds a small amount of sats (or dollars for the butt cheek one), and I tend to use it in micropayment scenarios.  For larger payments I will still use Aqua mostly.

But WoS just works.   Fast, easily and the sats are in my custody.  And I fund it in ways that will be basically impossible to trace.  so I am OK with 100k-200k sats in this context.

But knowledge is useful.  State chains introduce SOME trust.  And the convienence and success rate of payments via WoS make the tradeoff worth it for me for small amounts.

https://stacker.news/items/1251232

[nutildah]

But knowledge is useful.  State chains introduce SOME trust.  And the convienence and success rate of payments via WoS make the tradeoff worth it for me for small amounts.

https://stacker.news/items/1251232

I saw a kerfuffle about this on Twitter. My first thought was, "well isn't Bitcoin completely transparent anyway?" I understand that LN comes with some advantages in terms of privacy and these advantages are being lessened by the wallet tech. But it seems like a worthy tradeoff IMHO.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[fillippone]

But WoS just works.   Fast, easily and the sats are in my custody.  And I fund it in ways that will be basically impossible to trace.  so I am OK with 100k-200k sats in this context.

There is always a trade-off between security/privacy and usability.
Moving between those features is not a dogmatic approach, rather than a convenient and sensible approach.
While for your big stash you want to lean toward the first, for your daily expense, for sure, being on the latter is a no-brainer.
I am not worried about losing the funds in my wallet, as I always have the daily use of cash in it, like every sensible person.
I remember, a few years ago, at a local Bitcoin meetup, paying for my beer with the (then custodial) version of WoS.
The person who looked horrified at my setup is probably still there, trying to figure out why he wasn't able to connect via a Tor connection with Zeus to his LND instance on his node at home.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Searing]

I want to believe you still have a couple of Bitcoin.

You're missing the point: you asked if you should sell now and buy back later. My point is: nobody can tell you that.

He should sell it all and see if he is the new mindrust. Or if he was smart

Frankly I would not sell any large amount/percentage of my coin right now.

I will only sell when I really need to because I learned a long time ago that being your own bank is a great advantage, not a disadvantage, as at least 95% of people in the world apparently think.

Another reason (as if we needed one)to dump apple products. Fucking uk government

https://cryptoslate.com/will-apple-allow-government-access-to-bitcoin-private-key-backups-via-80m-icloud-backdoor/


"The United Kingdom is weighing measures that could compel Apple to provide access to some iCloud data, raising a precise question for crypto users who keep wallets on iPhones and Macs.

If device backups and common file stores lose end-to-end protections in the UK, seed phrases and private key material can more easily move from a user’s device into locations where lawful process, or a Technical Capability Notice, can reach them."

Disclaimer: I have never owned any apple shit,only for work 😑

I have multiple core wallets on various macminis I do not use the cloud for backups.

I do not have any phone wallets or tablet wallets. So I think that my shit is safe.

also very little coin on the wallets.

It never occurred to me to use clouds, emails or similar things to store my backups - most of my coins are on air-gapped wallets with the seed/s and passphrase/s separated in different locations.

trezors and seeds are good.

I do have a decent amount on PayPI

as I want some simple easy pain free kyc coin in case of an emergency

I HODL mostly...but had a Trezor like 5 years ago or more.....it was empty and would not do the software upload and hung when trying to update....I contacted Trezor...told them I

Alienware Laptop and they said 'high end' laptops of that type had an issue with too much voltage or some such with the usb ports (odd but specific error to high end laptops of the

time I remember he said ) I said where is the fix?...He said it to few in number and was not often enough a bug to make a look into a fix so I should just use the Trezor

and re-do it all on a different laptop without the usb issue in that

it was empty. What if it was not empty was never addressed. I HODL anyway ..went back to paper wallets the next day ...hell btc dust is safer IMHO on PayPal or Coinbase

with that attitude...Trezor support aware of this but and not even gonna try to fix the bug? It was told not worth their time....maybe my view is extreme but was btc

dust so a non-issue. Actually, MAYBE by NOT having

a handy Trezor around kept me more in HODL mode anyway....as a habit these last 5 years on btc dust. Cumbersome paper wallets would be helpful in that regard.

Also I figure if Coinbase chokes on my btc dust the btc ecosystem has way more problems. I'll have all my time crying on such a backlash on the large stuff.

[Searing]

Here is something interesting:

https://old.reddit.com/r/Bitcoin/comments/1o1795c/crypto_millionaires/

When they say centi-, they probably meant "centum" or >$100 mil vs true centi- as it is a 1/100 (like in centimeter).
CNBC "wins again" /s

The subreddit is very active with crypto related discussion...Crypto Millionaires!
Those who bought at 2014 below can also be seen at centi millionaires...it was cheap then and easy to accumulate!

But not so easy to HODL!!! (it gets easier and easier %-wise though)
K

Once you understand the system, holding will never be a problem.

Once you ignore the market noise, holding will never be a problem.

Once you stop counting checking the price movement of you portfolio, holding will never be a problem.

Once you hold Bitcoin as a priority, market phobia would never knock on your door.

I tell newbs to sell all the stuff they otherwise will die with in the attic etc...now your house is say $40k more with large rec room, with all your crap sold on ebay and fb

marketplace. I don't plan to sell any BTC, because I diamond hands still in full HODL mode and as in

in HODL mode and setup as an trust/estate for when I pass. But as a mental exercise and I tell newbs pick a date where you may 'crack' at of 2035 at least. This is

when 99% of all BTC will be mined. IF you are ...just setting aside btc dust and it goes up 10x in that amount of time at least...not a bad strategy...and it tends to get

around newb reluctance of btc not being safe.... with strategy of 'found' money from above crap out of the house and the meager amounts of $$$ to btc dust and also

that btc is NOT an investment...it is speculation..newbs confuse that a lot. The whole I was lucky to invest or to late to invest....how they confuse it with speculation.

My Dad said when I got into BTC in 2013...speculation is only what you can afford to lose. So every time you take a long shot (in has case land where twins were gonna build..

had to buy some land in 50/50 it would go at least part on such...did not work out..but kinda had to do it) Anyway, you imagine a nice campfire and you mentally pour

all those $$$ into the campfire...and forget about it....if someone comes along and puts out the fire and tells you ...well your pleasantly surprised..but for the main part

just consider it frigging gone. Also the old 'to HODL BTC' for more then a decade you kind have to 'despise money and things a little bit more than the norm'

Remember being boring is good. Boring got most of us into BTC and boring allowed most of us to stay over a decade in HODL mode in btc.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LoyceV]

And at some point during our conversation, I come to realize that he no longer owned his house..since I had made a comment that at least he had owned his house for the past several years, and then he told me that about 5-ish years ago, he sold his house and he put all of the money in bonds so he could earn interest, and I kind of lost it, and I said, "holy fucking shit," you seem to really not understand what the fuck is going on. .and I felt bad about the whole situation, since he is in his mid-60s, and has hardly no fucking clue about how his money is going to continue to lose purchasing power, and he blamed the whole thing on his wife.. .hard working couple going into retirement and keeping so much of their value in cash or cash equivalents and scared as fuck, even though they are not poor, they are making their situation worse.

I have been thinking that maybe i need to speak with his wife, even though they are both a  kind of lost cause, and they are not dumb people... they are fairly well educated.. but they don't seem to really understand what causes debasement of the dollar.

Allow me to quote Henry Ford again:

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
― Henry Ford

I don't know when exactly he said this, but I'm pretty sure fiat money (and the general public's understanding of it) only got worse since then.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LFC_Bitcoin]

Time for the party to get started soon, come on man. Enough laying around, Bitcoin. Time to get going.


@CryptoJelleNL
A little pullback changes nothing.

Plenty more fun to come.

Q4 is here.

https://x.com/cryptojellenl/status/1976193770950623421

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Curious T]

Once you understand the system, holding will never be a problem.

This is all I needed to start holding, and it's what I tell people who struggle to hold because they panic. I believe holding was more difficult for early adopters than it is now. I believe so because it is more difficult to hold bitcoin when you bought it for ten dollars, and you've never seen or heard of anything like a cryptocurrency before, it could crash back to a dollar at any time, so selling when it has gotten to a thousand dollars was very easy. Being tempted to sell because of the news and rumors was very easy.  Now, there is like a 98 per cent chance Bitcoin will rise again when it dips. Now, it's easier to learn about Bitcoin because there are articles and documentaries that are easily accessible to those who want to learn.

In the early years, there was no evidence or price history to show that bitcoin always comes back up with time. Now, if you understand the system and look at the history, it will be easier for you to hold.

[MrNata]

Boom

Bitcoin Magazine

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

.....

It's hookers and blow instead of dicks and crack!
Well done  

^Same diff.

How goes it bros? Just checking in. No, I ain't dead yet. Just enjoying retirement.

Fine. A bit overworked, but it's a bit my own fault. Our customers are complete morons, but i'll keep the details to myself, for my own sanity.
However, i'm used to forget things, so it can't be a long term problem after the project is finished.

It got quite a habit to watch my new PV batteries charge/discharge via remote interface on the mobile. So it's the old geek doing geek stuff, as usual.
Problem is, even if we have some whole nights of clear skies over here, i'm always too exhausted to put a scope outside and take actual photos until a few hours after midnight. It would be automated, but i'd have to put the scope inside at night again, and i can't imagine to get up when the alarm clock goes off at 3am or so (to avoid moisture problems, that is).

Keep enjoying retirement  
(Is it mean to say "as long as you can", in this case?)

Swiping and tapping is very strenuous on the index finger.

Index finger strained?
Give it the middle finger then  

It's only a matter of time, we can buy several kilograms of gold with one Bitcoin in the future.

But this is the wrong way around.
In case you didn't know already...

[LonelyEcho]

Those who bought at 2014 below can also be seen at centi millionaires...it was cheap then and easy to accumulate!

Even though Bitcoin was at a low price in 2014, it was not easy to believe in it. At that time, people did not see the features of Bitcoin. They only saw the risks.

At that time, there was no institutional support. There was no evidence that it would survive. Only far-sighted people saw the power hidden in the faith and code. Many countries even declared Bitcoin as a currency for criminals. Now, as we know what Bitcoin is or why it is needed. At that time, many people did not know this. Many people used to despise it as a virtual currency. But today, Bitcoin has proven its value itself.

Currently, there is no shortage of people who believe in Bitcoin. And it is with this belief that I, all of you, started investing. And I dream of holding on to it until the future.