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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16683. (Read 26607822 times)

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo

here it comes again ... waves spotted on the horizon, coming from land of the rising sun, surf's up.
sr. member
Activity: 756
Merit: 250
You guys smoked too much weed or why so paranoid?

I have my BTCs on a safe offline wallet since 5 years. Never an issue. Why make so many wallets? Why not distribute copies of one wallet well?
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"


Thanks, empowering.  This information seems like it could be a very good thread - but maybe it is equally fine to just have it in this thread?  

No probs JJG ....and it is in this thread...so I guess it is fine.




I agree, when you do the work of putting together the substance (in a readily digestible style, I might add), you certainly maintain considerable discretion regarding how to employ and publicize your work-product.. and here is lovely.. I will look certainly look out for it.. and I also add that it seems much better and on-topic than the ongoing, repetitive and stupid-ass Precious Metals/hate-mongering posts from our current resident hater and PM pusher.   Cheesy Cheesy
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
Try to store mutiple wallets with small amounts of Bitcoin that you can easily recover and combine if needed, but don't divide the coins up into too small amounts or it will become a major hassle to get the coins back. Try to make it so you are okay with losing some coins in the event of the or natural causes; just don't put all your eggs in one nest.
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
Disclosure: I am googling serious security options. And getting a little paranoid.

tool is important : https://www.youtube.com/watch?v=3bOVOqccmw0

Where I live guns are not easy to get hold of (thankfully) as I am not in the USA.  I am looking at fireproof safes, cameras and other things (like paper wallets with a few in, but not many) I can give up if pressed that don't give away the real stash.

I already have property I have bought overseas and some development land I have picked up, so I know if I lose the lot, I will still have something left from this ride, no matter what happens. I am getting tired of worrying about private key security and how I leave instructions for my family that they will understand (if anything happens to me).

I gave them $100 of Monero way back and it went up massively, so they all understand a bit (I gave them it when it was around 30c a pop) so they do realise it's become a lot of money!  But they are slow to get the 'this is your private key - if you let this become unsecure - you lose it all' bit.  What can you do?

If it goes up to 25K a coin, I will cash out a fair bit - buy a beautiful Aston Martin and make a really complicated will!



If you want to ease things for your heirs, buy them or tell them to buy and learn to use a hardware wallet. If you have a considerable stash you may have it distributed over several different hardware wallets (same or different brands).

About the fireproof safe.... If you are intending to store the "single" copy of yours keys... remember that no fireproof safe is really safe nor completely fireproof. Redundancy is key here. Offsite "backups" are a need. Also for storing things long term it is better to bury them into the walls, floor, or whatever even if you already have a safe. If buried well enough, even if you get hijacked and tell them where the "stuff" is, they will need time, tools, and a lot of noise to retrieve it.

About the security cameras, make sure they run on their isolated vlan and if you do ever intend to access it from the outside use an VPN access at home. Never ever let those buggy devices share the same lan segment you do use for your "crypto" things.

25K sounds like a lot right now.... but not as much as 3K would have sound before 2013. Time will tell.

legendary
Activity: 2604
Merit: 1748
Disclosure: I am googling serious security options. And getting a little paranoid.

tool is important : https://www.youtube.com/watch?v=3bOVOqccmw0

Where I live guns are not easy to get hold of (thankfully) as I am not in the USA.  I am looking at fireproof safes, cameras and other things (like paper wallets with a few in, but not many) I can give up if pressed that don't give away the real stash.

I already have property I have bought overseas and some development land I have picked up, so I know if I lose the lot, I will still have something left from this ride, no matter what happens. I am getting tired of worrying about private key security and how I leave instructions for my family that they will understand (if anything happens to me).

I gave them $100 of Monero way back and it went up massively, so they all understand a bit (I gave them it when it was around 30c a pop) so they do realise it's become a lot of money!  But they are slow to get the 'this is your private key - if you let this become unsecure - you lose it all' bit.  What can you do?

If it goes up to 25K a coin, I will cash out a fair bit - buy a beautiful Aston Martin and make a really complicated will!

legendary
Activity: 1260
Merit: 1116
Whereof one cannot speak thereof one must remain silent.
-Selma Hayek
legendary
Activity: 889
Merit: 1013
Wow, so many high IQ people on this thread that want to prolifically opine on what IQ is or how it does/doesn't have value.

But not one with the insight to have any clue where this Bitcoin market is going, or why.  Tongue

True intelligence should be able to identify that some things are unknowable.
legendary
Activity: 3878
Merit: 1193
https://bitcoinandtheblockchain.blogspot.co.uk/2017/08/btc-is-dead-long-live-btc.html

the above is a crappy article but it does have a few points.

At least one major flaw...

"Prior to the fork they could not leave. Now they have to be begged and persuaded to stay."

There are lots of SHA-256 blockchains that miners can up and leave for at any time. There are even pools that auto-switch between profitable chains.
legendary
Activity: 1512
Merit: 1012
Disclosure: I am googling serious security options. And getting a little paranoid.

tool is important : https://www.youtube.com/watch?v=3bOVOqccmw0
legendary
Activity: 2604
Merit: 1748
Just checked the prices and I see my coins are worth over $4.7kCAD each, over $4.3k as BTC and over $400 as BCH.

Not bad. I'm glad I made the decision to be a double holder (for now).

 Cool

Finally the hodler is vindicated - and with riches I trust, Jimbo.

Good for you. Remember to diversify a little, though - you never know, right?
legendary
Activity: 2604
Merit: 1748
This is what a major American financial news station showed not even an hour ago.
->https://twitter.com/CNBCFastMoney/status/894680240890548225
Unleash the fury!

Nice one, Chef.  

A 'wall of money' - I hope so...!  25K BTC, though - hmm... feels like hyperbole, but I won't complain (or be here any more!).

Let's see if Segwit locks in and then if there are further forks...  A few months to go, surely - unless Wall Street FOMO hits and that wall of money is real.

I get a little nervous when MSM starts actually turning pro-bitcoin. I always think, "Why are they suddenly promoting it? What's in it for them?" They've been relentlessly negative and dismissive for 8 years. Even at times laughing at Bitcoiners.

Me too - I can't help being suspicious. Is it 'can't beat them, join them' time, or something else?

That said, I think MSM just takes longer, it's naturally conservative.

BUT: isn't this what we waited for...? 

If Wall Street (in all its stupidity) finally piles in, that 25K Bitcoin could be real.  Only 21 million available and us fuckers ain't selling, plenty are lost and some are buried (Satoshi's?) - so far less to grab.  Hurry up, or miss out of the investment of the century?

I can see that as 'possible'.  And there is me with hardly any to attack me with a five dollar wrench for Wink

Disclosure: I am googling serious security options. And getting a little paranoid.
legendary
Activity: 2520
Merit: 3038
BCH Update

There have been 223 blocks mined since the hard fork.

(784 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 17% of the original chain's difficulty.


The original chain has grown 791.72MB more than the Bitcoin Cash blockchain.


It is currently 55% more profitable to mine on the original chain.

Source:https://cash.coin.dance/blocks

And I suppose this estimate doesn't even take ASICboost into account?

legendary
Activity: 2604
Merit: 1748
IIRC... a year ago we were under 500 bucks.

Bitcoin is a hell of a ride, that is the only thing that is certain.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
legendary
Activity: 2464
Merit: 1145

No Emergency Difficulty Adjustment is a weakness in BTC, if BCash's difficulty can adjust to make it more profitable and miners leave BTC for it, it's big trouble. 

I cashed a few BCH in, I think I might hold the rest for now - just in case...

yep. that was my point.

And it was an interesting one.  Hedging bets is always a good idea.

I was thinking 'thousands of bucks for free' and yet now I am thinking 'maybe I should hang on'

The profit ratio deficit has closed massively in a few days and BCH is already clipping over $300 - not much more and it's possibly at mining profit parity....  Always expect the unexpected and live a little easier: BTC was never an easy ride, and no one here knows what may come next.

I guess my thoughts are... How you gonna feel if BCH soars and BTC tanks if you sold 'em all at $200?


Pump & dump hust...
legendary
Activity: 2464
Merit: 1145
This is what a major American financial news station showed not even an hour ago.
->https://twitter.com/CNBCFastMoney/status/894680240890548225
Unleash the fury!

Nice one, Chef.   

A 'wall of money' - I hope so...!  25K BTC, though - hmm... feels like hyperbole, but I won't complain (or be here any more!).

Let's see if Segwit locks in and then if there are further forks...  A few months to go, surely - unless Wall Street FOMO hits and that wall of money is real.

I get a little nervous when MSM starts actually turning pro-bitcoin. I always think, "Why are they suddenly promoting it? What's in it for them?" They've been relentlessly negative and dismissive for 8 years. Even at times laughing at Bitcoiners.

First they ignore you. Check
Then they laugh at you. Check
Then they fight you. Check
Then they join you. ?
legendary
Activity: 2604
Merit: 1748

No Emergency Difficulty Adjustment is a weakness in BTC, if BCash's difficulty can adjust to make it more profitable and miners leave BTC for it, it's big trouble. 

I cashed a few BCH in, I think I might hold the rest for now - just in case...

yep. that was my point.

And it was an interesting one.  Hedging bets is always a good idea.

I was thinking 'thousands of bucks for free' and yet now I am thinking 'maybe I should hang on'

The profit ratio deficit has closed massively in a few days and BCH is already clipping over $300 - not much more and it's possibly at mining profit parity....  Always expect the unexpected and live a little easier: BTC was never an easy ride, and no one here knows what may come next.

I guess my thoughts are... How you gonna feel if BCH soars and BTC tanks if you sold 'em all at $200?
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Just checked the prices and I see my coins are worth over $4.7kCAD each, over $4.3k as BTC and over $400 as BCH.

Not bad. I'm glad I made the decision to be a double holder (for now).

 Cool
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Japan is leading again ... 08:30 in Tokyo.

Wall St. is being dragged into this kicking and squealing like spoiled girls, BitLicence ... oh yeah, that ought to stop bitcoin  Roll Eyes
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