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

[aliro38]

Well, I'm stuck here: http://bitcoin.stackexchange.com/questions/22/is-it-possible-to-brute-force-bitcoin-address-creation-in-order-to-steal-money
The math posted there is ok for me but I'm not familiar with crypto so those parts are over my head for now, Anyway, as one can see, there is no consensus among experts. Interesting enough, it seems that one post there clearly reads "It is possible to brute force some Bitcoin addresses, because some people generate their private keys in an insecure manner." and further the author even gives some practical cases!

Well, yes, if the private key was not generated at random, it is possible to crack it.

[...]

Many thanks for your comprehensive answer!
It seems, as I've found in the last couple of hours, the use faulty PSRNG's might pose a threat, maybe significant enough to drive the price further down.
The unfolding story is here: https://bitcointalk.org/index.php?topic=107172.msg8939173#msg8939173 I hope you'll find it interesting enough to consider including it in your great work (I'm closely following your posts) that you're doing on studying/documenting the whole ecosystem.
Anyway, because I was invited so kindly by a smart a** to basically gtfo, I will stop here. I better go&check how do I create a more secure wallet and move my coins there. I look forward to meet you again soon and also let's hope my hunch is unjustified.
Oh, I'm a miner for more than a year now. So, I'm noob but, sadly enough, I see many old members here who seems to know a lot less than me.
Best regards.

[JimboToronto]

It's official, bitcoin is a ponzi-scheme, the price is just gonna go down if more fools don't get in.

Welcome to the forum.

https://www.youtube.com/watch?v=7u4F8cpzqao

https://bitcoin.org/bitcoin.pdf

[Gyrsur]

the real breakout will happen end of January or beginning of February:

[Wandererfromthenorth]

because I was invited so kindly by a smart a** to basically gtfo, I will stop here.

Why? tell the smart asses to gtfo themselves 

[darkmind]

If we all only traded perfectly we all would have 100k BTC by now. This artificial unpredictable microvolatility of bitcoin is obviously an attempt to prepare long trolls, I hope I'm wrong though

[Wandererfromthenorth]

the real breakout will happen end of January or beginning of February:

Yes that is gonna be an important test, but first we gotta exit the formation I posted.

[Gyrsur]

the real breakout will happen end of January or beginning of February:

Yes that is gonna be an important test, but first we gotta exit the formation I posted.

agree with you! 

[sherbyspark]

Its pretty obvious why prices are down and not much action .
Due to this: https://www.bitstamp.net/article/Bank-holidays-December-25th-26th-2014/
People have not been able to get funds on the exchange sites to buy enough. We should hopefully see some action today

[8up]

One more line added. - I call it the Chessnut line.

[Gyrsur]

One more line added. - I call it the Chessnut line.

chessnut line? wtf is this TA?  

[LFC_Bitcoin]

All these EW lines are a load of bull shit.
Anybody can draw a couple of lines & guess at the price.

99.9% of people haven't got a clue which way the market will move, reactive rather than pro-active.

(And I'm a HODLER not a trader).

[8up]

One more line added. - I call it the Chessnut line.

chessnut line? wtf is this TA?  

https://bitcointalk.org/index.php?topic=812637.980

[bitcoinmining]

100 BTC sell wall in BTC-e, 30 BTC sell wall in Bitstamp  

Nothing much, c'mon pass that to see higher than 320 again guys!

Edit: 86 BTC buy wall comes at $313 in Bitstamp, thanks to who heard me

[Wandererfromthenorth]

All these EW lines are a load of bull shit.
Anybody can draw a couple of lines & guess at the price.

99.9% of people haven't got a clue which way the market will move, reactive rather than pro-active.

(And I'm a HODLER not a trader).

We didn't post any EW chart.

[Wandererfromthenorth]

100 BTC sell wall in BTC-e, 30 BTC sell wall in Bitstamp  

Nothing much, c'mon pass that to see higher than 320 again guys!

Edit: 86 BTC buy wall comes at $313 in Bitstamp, thanks to who heard me

Those are not large orders, they are small-normal orders.

[esse83]

All these EW lines are a load of bull shit.
Anybody can draw a couple of lines & guess at the price.

99.9% of people haven't got a clue which way the market will move, reactive rather than pro-active.

(And I'm a HODLER not a trader).

True, the 0.1% that knows is the exchange operators They are literally acting on 100% inside information and its legal. Who wouldn't want to have a piece of that. It is also why the price is what it is, lower price equals lower income for them. They can't allow the price to drop to low. They get bitcoin and dollar for every trade, naturally they don't want it to sink too low as they are a cooporation meaning they only exist for profit, the more the merrier. Good for you to notice that finally

[ChartBuddy]

Explanation

[Feri22]

One more line added. - I call it the Chessnut line.

LOL 

[ChartBuddy]

Explanation

[Son0fLamb]

Shoulda listened to my dad, coulda made bank

https://static.fjcdn.com/comments/4634249+_a52a5e26eb22d6c293a4bc10aa6a1eb8.jpg