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

[JayJuanGee]

Time flies fast

When you're 10, each year is 1/10th of your entire life, so it seems like it goes on forever.

By the time you're 50 one year is only 2% of your life, so it seems like it passes by so much faster.

But yes, time is going by increasingly rapidly. It's a bit disconcerting.

Well, my perspective on quite a few things has changed at various stages of my life, and surely in 20 more years, my perspective will probably change again, if I happen to be lucky enough to live for another 20 years.  Also, these days, sometimes, when I experience something similar to when I was 20 years younger, I will also consider how my perspective and my prior experience had changed the repeated experience.  You may have a point about the perception of the passage of time being different at different ages, and surely there can be some advantages to learning some things while younger, rather than attempting to learn them while older.  No matter the case, our experiences will continue to shape our perspectives and our future experiences. 

By the way, obviously, I had never heard of or even thought of bitcoin when I was your age.   

[Tzupy]

https://www.cryptocoinsnews.com/bitcoin-at-risk-major-vulnerability-discovered-in-gnu-bash/

[gnode]

Guys, why even bother keeping up with the minute to minute.

Here's a summary:

1.  Whale pumps bitcoin on PayPal news, hoping to spark a mini-rally
2.  Mini rally fails
3.  Whale slowly sells off coins
4.  Price grinds back down to where it was before rally

Gee, whouda thunk it huh?  

Occam's Razor at its finest  

I think Occam's Razor applies to my theory of the price action since June 1st,

Hal Finney's coins are being sold.

He was the earliest adopter and probably had 500,000 coins.

In June, he started selling because he needed the money for medical bills and the cryo project.

His family is still selling. Soon they will be done selling and up we will go.

BTW the days destroyed won't show it because he moved his coins around a lot.

[ssmc2]

https://www.cryptocoinsnews.com/bitcoin-at-risk-major-vulnerability-discovered-in-gnu-bash/

Is this something we should be concerned about?

[bananaControl]

https://www.cryptocoinsnews.com/bitcoin-at-risk-major-vulnerability-discovered-in-gnu-bash/

Is this something we should be concerned about?

No. If you are running linux, update your system, problem solved.

[ssmc2]

https://www.cryptocoinsnews.com/bitcoin-at-risk-major-vulnerability-discovered-in-gnu-bash/

Is this something we should be concerned about?

No. If you are running linux, update your system, problem solved.

Thanks!

[prophetx]

https://www.cryptocoinsnews.com/bitcoin-at-risk-major-vulnerability-discovered-in-gnu-bash/

Is this something we should be concerned about?

No. If you are running linux, update your system, problem solved.

all the mac users are fucked

[spooderman]

https://www.cryptocoinsnews.com/bitcoin-at-risk-major-vulnerability-discovered-in-gnu-bash/

Is this something we should be concerned about?

No. If you are running linux, update your system, problem solved.

all the mac users are fucked

oh noez!

(anyone with a mac that has their coins on a hot wallet was likely to have had them stolen before this was discovered)

[spooderman]

Just to point out, if you generate your private key on a computer that is connected to the internet, the NSA and a probably a bunch of other people know your private key.

[mooncake]

He was the earliest adopter and probably had 500,000 coins.

Where did you get the figure from?

[bananaControl]

Just to point out, if you generate your private key on a computer that is connected to the internet, the NSA and a probably a bunch of other people know your private key.

One doesn't do that. Period.

[prophetx]

https://www.cryptocoinsnews.com/bitcoin-at-risk-major-vulnerability-discovered-in-gnu-bash/

Is this something we should be concerned about?

No. If you are running linux, update your system, problem solved.

all the mac users are fucked

oh noez!

(anyone with a mac that has their coins on a hot wallet was likely to have had them stolen before this was discovered)

and now that likelihood increases even more...

[gnode]

He was the earliest adopter and probably had 500,000 coins.

Where did you get the figure from?

just a guess.

[sonofliberty]

Ok well done traders and dumpers. Quite the achievement. Pretty much the biggest news we could hope for, Paypal accepting Bitcoin, and you managed to kill the last bit of confidence buyers had and we're back where we were before. But hey, you got your 200 bucks profit right! Edit: actually funny enough most of you most likely ended up losing money because that is simply what the majority of traders do.
Really, well played. I couldn't make this shit up because nobody would believe me that people are this stupid.

Dude, relax. Bitcoin moving from the unpatient to the patient is... actually good news.

[mooncake]

Just to point out, if you generate your private key on a computer that is connected to the internet, the NSA and a probably a bunch of other people know your private key.

Windows not affected.

[Richy_T]

gnu bash vulnerability fear mongering going on /r/bitcoin, be safe do your research.

This is why you keep you wallet on a window system

[bananaControl]

Just to point out, if you generate your private key on a computer that is connected to the internet, the NSA and a probably a bunch of other people know your private key.

Windows not affected.

No need either, the NSA already have all the holes they could wish for.

[bananaControl]

gnu bash vulnerability fear mongering going on /r/bitcoin, be safe do your research.

This is why you keep you wallet on a window system

I know this is supposed to be funny, but try to take a look at how long time it takes MS to close their holes compared to the open source world, now thats a real joke.

[Torque]

Guys, why even bother keeping up with the minute to minute.

Here's a summary:

1.  Whale pumps bitcoin on PayPal news, hoping to spark a mini-rally
2.  Mini rally fails
3.  Whale slowly sells off coins
4.  Price grinds back down to where it was before rally

Gee, whouda thunk it huh?  

Occam's Razor at its finest  

I think Occam's Razor applies to my theory of the price action since June 1st,

Ok, let me play devil's advocate to some of your possible arguments:

Hal Finney's coins are being sold.

Possibly

He was the earliest adopter and probably had 500,000 coins.

In June, he started selling because he needed the money for medical bills and the cryo project.

So you know for a fact that he didn't have health insurance to cover the majority of his medical bills?  Very unlikely.

His family is still selling. Soon they will be done selling and up we will go.

Possibly, but health insurance should cover the bulk of his base medical bills.  But probably not the cryo stuff.  Then again, he would have to pre-pay for most of cryo setup, not after.

Also, his wife would be an absolute FOOL to sell all of their btc!!  She could live off of that slowly for the rest of her life, and still end up a gazillionaire at the end of it.

BTW the days destroyed won't show it because he moved his coins around a lot.

Hmmm... maybe.  But his wife would likely have a hard time keeping track of all those wallets. Don't assume that she was tech literate. He most likely consolidated the majority of btc for her to deal with.

[Richy_T]

U.S. citizens (and residents?)

Yup. Basically anyone who is supposed to be filing taxes in the US I believe, including many people who aren't aware of it. FBAR is particularly nasty. Though enforcement appears to be almost nonexistent. Penalties appear to be aimed at Donald Trump's level over sums that would buy a low-end used car.