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

[AlcoHoDL]

There is an objective: unfucken the protocol, returning it to the original version.

So the original version called for bitcoin acting as a file and data storage service?

And a service that will have to be run by nation states and/or giant corporations, and will be permissioned, censored and controlled by them?   (assuming it can work at all)

Good questions. The shills from the BSV camp want bitcoin to be a centralized, corporate tool. This is one of the reasons people dont believe CSW is Satoshi.

I read somewhere that CSW has in his possession a wallet belonging to Satoshi or one of his close friends (can't remember the details). He is currently using a huge computer farm to brute-force it open and get hold of the private key. His friend, pedophile Calvin Ayre is funding and helping him do it.

I wonder what will happen if they manage to crack that wallet. CSW will be able to "prove" he's Satoshi by signing a message using the cracked private key.

Well, I don't think it'll be so easy to crack the wallet anyway, so nothing may happen. But it's interesting to know what they're up to. Maybe that's why CSW said that 2019 will be the year that BTC will die...

If Satoshi is Paul Le Roux, then this wallet is in the hands of the CIA, not CSW.

It is said this wallet is protected by TrueCrypt, so only a quantum computer will be able to crack it.

TrueCrypt is a very powerful encryption s/w. I use it every day at work (I'm handling highly classified data and I rely on it for their protection). However, if the passphrase is poorly chosen (say, something like "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY"), then it can be very easily cracked using a $200 PC. Just because you're using TrueCrypt doesn't necessarily mean your data is secure. It's how you use it that matters. It's like choosing "1234" as your credit card PIN. It's not the algorithm that's weak, it's the user that's dumb.

So, the fact that the wallet is protected by TrueCrypt doesn't guarantee anything...

But... We're talking about Satoshi here, so I'm sure he has used a cryptographically strong passphrase.

----------

Edit: OK, maybe I overdid it and used too many words, "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY" is not too bad of a passphrase after all... But what about "iLOVEbitcoin"? Would you use it? You get what I mean...

[El duderino_]

FUCKING SHIT IF YOU ARE GOING TO GO UP GO UP ALREADY AND MAKE ME RICH FFS

IF YOU ARE GOING TO GO DOWN GO FUCKIN DOWN SO I CAN BUY MORE

...and i thought $5k was bad.

Getting stuck at $9-10k feels so disgusting. Don't want to buy many because dunno if it is going to go up sharply or go down and create more buy opportunities.

Sorry for caps, i lost myself a bit.

Just wanted to shout. 

Hahahaha..

You are starting to sound like LFC...

hahahahahah.... I could not resist..

Also, you are going to show that micpeep was right, and you should just invest everything as soon as it comes in.. then you don't need to get worked up about it.  Just write it off, as soon as it comes in, buy bitcoin with it... hahahahaha  I don't recommend that, but if you get worked up about what to do, then your doing something wrong... especially because we are in a good place.  Surely, I would prefer to be here rather than bouncing between $3k and $5k which would have been a certainly reasonable price range at this time, too.

Remember that the DCA portion of your funds should not give two shits about price... you just buy on a regular basis with that portion of your funds.  The other portion you can just set it and forget it (well not completely forget it, but don't think about it very much and just let the price come to you and adjust them from time to time if you believe that the parameters might have changed).

Buy now or complain at 20K and 30K and .....

Or at least a part of that sitting cash

*off-course I know the brother knows what he’s doing and at Some level we all taking risks as how we see fit or where we are comfortable with....

But my very modest opinion is don’t always wait at least buy Some of the sitting cash (especially if as you say.... that cash is mean’t to buy BTC with..... that the main reason why I don’t understand the waiting, I would buy a part of it already at least.... and DCA the rest and NEW incoming cash....)

As you guys say “that my 2 satoshi’s”

[criptix]

Seeing the monthly chart we could just go back to 5k - plz no ridic bulltrap, amen.

[vroom]

TrueCrypt is a very powerful encryption s/w. I use it every day at work (I'm handling highly classified data and I rely on it for their protection). However, if the passphrase is poorly chosen (say, something like "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY"), then it can be very easily cracked using a $200 PC. Just because you're using TrueCrypt doesn't necessarily mean your data is secure. It's how you use it that matters. It's like choosing "1234" as your credit card PIN. It's not the algorithm that's weak, it's the user that's dumb.

So, the fact that the wallet is protected by TrueCrypt doesn't guarantee anything...

But... We're talking about Satoshi here, so I'm sure he has used a cryptographically strong passphrase.

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

[JayJuanGee]

FUCKING SHIT IF YOU ARE GOING TO GO UP GO UP ALREADY AND MAKE ME RICH FFS

IF YOU ARE GOING TO GO DOWN GO FUCKIN DOWN SO I CAN BUY MORE

...and i thought $5k was bad.

Getting stuck at $9-10k feels so disgusting. Don't want to buy many because dunno if it is going to go up sharply or go down and create more buy opportunities.

Sorry for caps, i lost myself a bit.

Just wanted to shout.  

Hahahaha..

You are starting to sound like LFC...

hahahahahah.... I could not resist..

Also, you are going to show that micpeep was right, and you should just invest everything as soon as it comes in.. then you don't need to get worked up about it.  Just write it off, as soon as it comes in, buy bitcoin with it... hahahahaha  I don't recommend that, but if you get worked up about what to do, then your doing something wrong... especially because we are in a good place.  Surely, I would prefer to be here rather than bouncing between $3k and $5k which would have been a certainly reasonable price range at this time, too.

Remember that the DCA portion of your funds should not give two shits about price... you just buy on a regular basis with that portion of your funds.  The other portion you can just set it and forget it (well not completely forget it, but don't think about it very much and just let the price come to you and adjust them from time to time if you believe that the parameters might have changed).

Buy now or complain at 20K and 30K and .....

Or at least a part of that sitting cash

*off-course I know the brother knows what he’s doing and at Some level we all taking risks as how we see fit or where we are comfortable with....

But my very modest opinion is don’t always wait at least buy Some of the sitting cash (especially if as you say.... that cash is mean’t to buy BTC with..... that the main reason why I don’t understand the waiting, I would buy a part of it already at least.... and DCA the rest and NEW incoming cash....)

As you guys say “that my 2 satoshi’s”

Yeah, but I think that is what mindrust is doing.  I mean at least that is what I though that he was doing.

Let's say he gets new cash every two weeks or something like that.    He takes part of that cash and he buys more or less right away and then he takes the other part and waits for dips.

I think that the part of the problem is that he is trying to wait with all of the cash instead of buying with some right away, and another part of the problem is that he might be worried bout the cash that he has waiting... but if he does the allocation from the start and buys with part and waits with part, then that should, in theory, settle him down sufficiently in order that he does not have to worry which way the price goes, but I am starting to suspect that he is trying to play with all of the money when it comes in, which thereafter causes him more stress....  Only he would know exactly what he is doing, but he might not realize which part is causing him the stress, besides himself.. hahahahahahaha

Sometimes for certain personality types, no matter what they do they will be stressing about it, after the fact.    

[HairyMaclairy]

This Truecrypt wallet doesn’t need exist. Give it up guys.

[HairyMaclairy]

FUCKING SHIT IF YOU ARE GOING TO GO UP GO UP ALREADY AND MAKE ME RICH FFS

IF YOU ARE GOING TO GO DOWN GO FUCKIN DOWN SO I CAN BUY MORE

...and i thought $5k was bad.

Getting stuck at $9-10k feels so disgusting. Don't want to buy many because dunno if it is going to go up sharply or go down and create more buy opportunities.

Sorry for caps, i lost myself a bit.

Just wanted to shout.  

Dude.  I am DCAing a leveraged long position right now. Very low leverage - well under 1:1.   My current dollar cost average is $10,500 and I am totally relaxed because every slight chip down in the price just lowers my DCA.  

Adapt to the price.  Don’t fight it.  We are in a bull market.  The price will go up again.  You will have what you are looking for.

[Ludwig Von]

FUCKING SHIT IF YOU ARE GOING TO GO UP GO UP ALREADY AND MAKE ME RICH FFS

IF YOU ARE GOING TO GO DOWN GO FUCKIN DOWN SO I CAN BUY MORE

...and i thought $5k was bad.

Getting stuck at $9-10k feels so disgusting. Don't want to buy many because dunno if it is going to go up sharply or go down and create more buy opportunities.

Sorry for caps, i lost myself a bit.

Just wanted to shout.  

Dude.  I am DCAing a leveraged long position right now. Very low leverage - well under 1:1.   My current dollar cost average is $10,500 and I am totally relaxed because every slight chip down in the price just lowers my DCA.  

Adapt to the price.  Don’t fight it.  We are in a bull market.  The price will go up again.  You will have what you are looking for.

Suddenly I feel very comfortable about my dollar, Euro in my case, average cost. I always tought that since I only took the step in early 2017 after the Gox debacle that had driven me out, I must be on the higher level of average cost among WO habituees... . And actually, by taking JJG ladder strategies and tactics serious, my average cost is lowering month after month. (Except if we hang around with only some red-green dildo battles of course).  

[JayJuanGee]

FUCKING SHIT IF YOU ARE GOING TO GO UP GO UP ALREADY AND MAKE ME RICH FFS

IF YOU ARE GOING TO GO DOWN GO FUCKIN DOWN SO I CAN BUY MORE

...and i thought $5k was bad.

Getting stuck at $9-10k feels so disgusting. Don't want to buy many because dunno if it is going to go up sharply or go down and create more buy opportunities.

Sorry for caps, i lost myself a bit.

Just wanted to shout.  

Dude.  I am DCAing a leveraged long position right now. Very low leverage - well under 1:1.   My current dollar cost average is $10,500 and I am totally relaxed because every slight chip down in the price just lowers my DCA.  

Adapt to the price.  Don’t fight it.  We are in a bull market.  The price will go up again.  You will have what you are looking for.

Remember that Hairy is pretty experience in this arena.. so careful with anyone using any kind of leverage at all.. Usually the use of any kind of leverage magnifies the potential for both losses and gains, and is not easy to use for the vast majority of folks can just get into bitcoin and accumulate BTC with simple dollar cost averaging and buying on dips.. and that should be risky enough because it surely is not guaranteed to go up (even if decent odds, such as being in a bull market, which I agree with hairy about that)... but still bitcoin is an asymmetric bet, so guys and gal can still make a lot of money without employing leveraging strategies.

[criptix]

FUCKING SHIT IF YOU ARE GOING TO GO UP GO UP ALREADY AND MAKE ME RICH FFS

IF YOU ARE GOING TO GO DOWN GO FUCKIN DOWN SO I CAN BUY MORE

...and i thought $5k was bad.

Getting stuck at $9-10k feels so disgusting. Don't want to buy many because dunno if it is going to go up sharply or go down and create more buy opportunities.

Sorry for caps, i lost myself a bit.

Just wanted to shout.  

Dude.  I am DCAing a leveraged long position right now. Very low leverage - well under 1:1.   My current dollar cost average is $10,500 and I am totally relaxed because every slight chip down in the price just lowers my DCA.  

Adapt to the price.  Don’t fight it.  We are in a bull market.  The price will go up again.  You will have what you are looking for.

Remember that Hairy is pretty experience in this arena.. so careful with anyone using any kind of leverage at all.. Usually the use of any kind of leverage magnifies the potential for both losses and gains, and is not easy to use for the vast majority of folks can just get into bitcoin and accumulate BTC with simple dollar cost averaging and buying on dips.. and that should be risky enough because it surely is not guaranteed to go up (even if decent odds, such as being in a bull market, which I agree with hairy about that)... but still bitcoin is an asymmetric bet, so guys and gal can still make a lot of money without employing leveraging strategies.

That is only partly correct.

So you can go 1x or lower leverage and actually use your BTC as collateral to buy more BTC or hedge against a BTC/USD drop.

It is actually VERY safe to do, if you understand what you are doing.

And to be honest i would advise every single one of you to actually inform yourself about it and try it out.

You will be able to quite safely preserve your USD value while being able to increase your BTC stack without being forced to add additional fiat.

Of course this is not for free, hedging or betting wrong has always a cost, but you have to accept this possible loss and can minimize it with proper risk managment.

[Saint-loup]

Massive Crypto Whales Move 318,649 BTC Worth $3 Billion in Just Six Hours

In a matter of just six hours, whales have moved 318,649 BTC worth more than $3 billion. All of the transfers happened between wallets of unknown origin.

This indicates the crypto may have changed hands in over-the-counter (OTC) sales, or the users decided to shift funds to new wallets for security.

So far, none of the BTC appears to be headed to crypto exchanges, where it could be traded on the open market and have an impact on the price of Bitcoin.

https://dailyhodl.com/2019/07/29/massive-crypto-whales-move-318649-btc-worth-3-billion-in-just-six-hours/

[El duderino_]

FUCKING SHIT IF YOU ARE GOING TO GO UP GO UP ALREADY AND MAKE ME RICH FFS

IF YOU ARE GOING TO GO DOWN GO FUCKIN DOWN SO I CAN BUY MORE

...and i thought $5k was bad.

Getting stuck at $9-10k feels so disgusting. Don't want to buy many because dunno if it is going to go up sharply or go down and create more buy opportunities.

Sorry for caps, i lost myself a bit.

Just wanted to shout.  

Dude.  I am DCAing a leveraged long position right now. Very low leverage - well under 1:1.   My current dollar cost average is $10,500 and I am totally relaxed because every slight chip down in the price just lowers my DCA.  

Adapt to the price.  Don’t fight it.  We are in a bull market.  The price will go up again.  You will have what you are looking for.

Or is this area the ..... we are in a bullying market??  



btw, I always do adapt to survive, similar as in that X-men movie .....

Time to HODLsleep

Goodnight brothers of the Wall

[El duderino_]

TrueCrypt is a very powerful encryption s/w. I use it every day at work (I'm handling highly classified data and I rely on it for their protection). However, if the passphrase is poorly chosen (say, something like "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY"), then it can be very easily cracked using a $200 PC. Just because you're using TrueCrypt doesn't necessarily mean your data is secure. It's how you use it that matters. It's like choosing "1234" as your credit card PIN. It's not the algorithm that's weak, it's the user that's dumb.

So, the fact that the wallet is protected by TrueCrypt doesn't guarantee anything...

But... We're talking about Satoshi here, so I'm sure he has used a cryptographically strong passphrase.

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

A +30 character PW Will always be strong.....

Of-course to add a special character and number probably make it more strong

[Saint-loup]

FUCKING SHIT IF YOU ARE GOING TO GO UP GO UP ALREADY AND MAKE ME RICH FFS

IF YOU ARE GOING TO GO DOWN GO FUCKIN DOWN SO I CAN BUY MORE

...and i thought $5k was bad.

Getting stuck at $9-10k feels so disgusting. Don't want to buy many because dunno if it is going to go up sharply or go down and create more buy opportunities.

Sorry for caps, i lost myself a bit.

Just wanted to shout.  

Dude.  I am DCAing a leveraged long position right now. Very low leverage - well under 1:1.   My current dollar cost average is $10,500 and I am totally relaxed because every slight chip down in the price just lowers my DCA.  

Adapt to the price.  Don’t fight it.  We are in a bull market.  The price will go up again.  You will have what you are looking for.

Or is this area the ..... we are in a bullying market??  



btw, I always do adapt to survive, similar as in that X-men movie .....

Time to HODLsleep

Goodnight brothers of the Wall

[fillippone]

TrueCrypt is a very powerful encryption s/w. I use it every day at work (I'm handling highly classified data and I rely on it for their protection). However, if the passphrase is poorly chosen (say, something like "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY"), then it can be very easily cracked using a $200 PC. Just because you're using TrueCrypt doesn't necessarily mean your data is secure. It's how you use it that matters. It's like choosing "1234" as your credit card PIN. It's not the algorithm that's weak, it's the user that's dumb.

So, the fact that the wallet is protected by TrueCrypt doesn't guarantee anything...

But... We're talking about Satoshi here, so I'm sure he has used a cryptographically strong passphrase.

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

A +30 character PW Will always be strong.....

Of-course to add a special character and number probably make it more strong

When i see this kind of discussion there only one things that comes into mind.
the always relevant XKCD:



https://xkcd.com/936/

If you check your password into this site, well, they are pretty secure apparently

https://howsecureismypassword.net/

(no, CorrectHorseBatteryStaple is not secure, actually)

[degxtra1]

Massive Crypto Whales Move 318,649 BTC Worth $3 Billion in Just Six Hours

In a matter of just six hours, whales have moved 318,649 BTC worth more than $3 billion. All of the transfers happened between wallets of unknown origin.

Seems they took advantage of very low transaction fees.

BTW Croach, do you know how much will cost sending 66 tons of gold from your seller to attic ?  

[El duderino_]

TrueCrypt is a very powerful encryption s/w. I use it every day at work (I'm handling highly classified data and I rely on it for their protection). However, if the passphrase is poorly chosen (say, something like "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY"), then it can be very easily cracked using a $200 PC. Just because you're using TrueCrypt doesn't necessarily mean your data is secure. It's how you use it that matters. It's like choosing "1234" as your credit card PIN. It's not the algorithm that's weak, it's the user that's dumb.

So, the fact that the wallet is protected by TrueCrypt doesn't guarantee anything...

But... We're talking about Satoshi here, so I'm sure he has used a cryptographically strong passphrase.

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

A +30 character PW Will always be strong.....

Of-course to add a special character and number probably make it more strong

When i see this kind of discussion there only one things that comes into mind.
the always relevant XKCD:



https://xkcd.com/936/

If you check your password into this site, well, they are pretty secure apparently

https://howsecureismypassword.net/

(no, CorrectHorseBatteryStaple is not secure, actually)

via Imgflip Meme Generator

Thx good to know

[fillippone]

TrueCrypt is a very powerful encryption s/w. I use it every day at work (I'm handling highly classified data and I rely on it for their protection). However, if the passphrase is poorly chosen (say, something like "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY"), then it can be very easily cracked using a $200 PC. Just because you're using TrueCrypt doesn't necessarily mean your data is secure. It's how you use it that matters. It's like choosing "1234" as your credit card PIN. It's not the algorithm that's weak, it's the user that's dumb.

So, the fact that the wallet is protected by TrueCrypt doesn't guarantee anything...

But... We're talking about Satoshi here, so I'm sure he has used a cryptographically strong passphrase.

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

A +30 character PW Will always be strong.....

Of-course to add a special character and number probably make it more strong

When i see this kind of discussion there only one things that comes into mind.
the always relevant XKCD:



https://xkcd.com/936/

If you check your password into this site, well, they are pretty secure apparently

https://howsecureismypassword.net/

(no, CorrectHorseBatteryStaple is not secure, actually)

via Imgflip Meme Generator

Thx good to know

I am sure we will have other problems to solve by then.

[Biodom]

Take part in designing the "satoshi" symbol..it's fun, actually:

https://cryptoslate.com/the-satoshi-the-smallest-unit-of-bitcoin-is-getting-its-own-symbol/

[criptix]

TrueCrypt is a very powerful encryption s/w. I use it every day at work (I'm handling highly classified data and I rely on it for their protection). However, if the passphrase is poorly chosen (say, something like "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY"), then it can be very easily cracked using a $200 PC. Just because you're using TrueCrypt doesn't necessarily mean your data is secure. It's how you use it that matters. It's like choosing "1234" as your credit card PIN. It's not the algorithm that's weak, it's the user that's dumb.

So, the fact that the wallet is protected by TrueCrypt doesn't guarantee anything...

But... We're talking about Satoshi here, so I'm sure he has used a cryptographically strong passphrase.

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

A +30 character PW Will always be strong.....

Of-course to add a special character and number probably make it more strong

When i see this kind of discussion there only one things that comes into mind.
the always relevant XKCD:



https://xkcd.com/936/

If you check your password into this site, well, they are pretty secure apparently

https://howsecureismypassword.net/

(no, CorrectHorseBatteryStaple is not secure, actually)

via Imgflip Meme Generator

Thx good to know

They just got your password lewl