Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15114. (Read 26712687 times)

If it was easy anyone could do it, and there would be no profit in it.  

Bitcoin will be no harder than a TV remote 10 years from now. Point and shoot. 

And, yea, I'm grumpy today, I'm out of milk for my breakfast.
Yes I eat breakfast while reading up on this thread.
Anything else you want to know?

I'm not a computer scientist kind of guy and I don't like maths. My strengths lies in other areas of specialization.
I have always tried to do and study things I like, rather then pursuing a traditional career and that have lead me on to many interesting paths, crypto being one of them.

However, when I get a bank card I don't give a rat's ass how it actually works, and the bank doesn't tell me either. They just tell me how to use it. The same goes for just about everything else i buy, the TV salesman doesn't tell me how the TV works, just how to use it et cetera.
But when it comes to crypto it's always the other way around, every thread and info page talks ad nauseam about how it works, and very little about how to use it.
I for example no nothing at all about how to use segwit, and yet segwit have been talked about for ages. And I consider myself fairly intelligent. Just imagine then, when average Joe comes to bitcoin and is told to use segwit to lower fees. That won't tell him anything.
Why can't core make a information page that tells you how to use it? And make sure that page is seen among the noobs, and for that matter oldies like me without a degree in computer science. Why do they and everybody else have to talk non stop about incomprehensible technicalities?
I don't give a fuck about the underlying technology, I want to know how to use it.

And by the way, can you make a segwit paper wallet? And if so how?
That is one of the things that core should tell people if they want adoption.

Oh, TERA2 you´ll have to read up, nobody can help you better, than yourself. Hardware wallets are a wonderfull thing, Just never, and i repeat: ever, buy a used one, can you do that ?
It´s not that difficult.

He bought it on eBay and the seller had already set up the secret word list.

There are dozens for sale on Ebay. All those listing should be reported / removed.

https://i.imgur.com/TkeECfh.gif


Yesterday's dump was the most hilarious fiasco I've ever seen. The guy with the 800 BTC that dumped at 14.7 later bought again at... 14.7. Clearly, he was surprised BTC didn't go below 14K as he expected. Pathetic!

@windsok
Jan 8

⚡️ @lightning Networks tokens are so undervalued! Currently trading at < USD$0.0002 😱 ⚡️

tell no one

It would never come to my mind to even use a hardware wallet. It seems like an unncessary excess. A bitcoin wallet is just a private key which consists of ~50 digits. Just write it down, remember it, or some combination of these. A hardware wallet just exposes you to more liability - what if the device is lost, stolen, fried, stops working, is hacked like this, etc. How do you even know the manufacturer doesn't have their own back doors for law enforcement or one day they wont just decide to take everyone's coins.

Yeah I thought the same. Has 25k in coins and no money for a new wallet?

It wouldn´t even come to my mind to buy a used hardware wallet !

don't buy used hardware wallets: https://www.reddit.com/r/Bitcoin/comments/7odyu5/warning_if_this_image_looks_familiar_then_you/

Ok, ok, i will . . . not !

As you wish.  Just don't do it here.

Not sure if this was posted here or not:

https://np.reddit.com/r/ledgerwallet/comments/7obot7/all_my_cryptocurrency_stolen/

What would happen if there was a crash to $7-8K?  So many people who bought in the past several months would be upside down.  They might try and escape anytime a rally or bounce back forms, which would keep the price down for an extended period of time.

Coinbase is one of the main gears in the fiat super highway machine revovling around the winklevoss twins which lead to this entire trader/investor based rally. With this machine of coinbase, gdax, gemini, gbtc, the winklevoss twins, the futures market, bitstamp, and services like bitpay, as well as cooperation of banks and governments, 99% of today's investors would not be in. They are on only due to the liquidity and ease of investing and promising of large gains which can easily sold. None of them know anything about bitcoin or would be buying it on the street or even know what to do with it if they bought it on the street. As of now bitcoin is seen by most as more like the next big thing on wall street rather than the next big thing in technology. It's just another cog in the wall street wheel now. The machine is very centralized and could be taken down easily, leaving btc to have to dig its way back up from $2K or so.

Do you mind, if i lay down on the floor, and piss myself ?  
What, where the fck is that button ?

coinbase lol
coinbase has nothing to do with btc
otc for the win

Pretty much.  All they need to do is block people from converting to fiat at Coinbase and everyone is sitting on a bunch of illiquid super mario tokens they can do nothing with.  Bitcoin is not capable of having a stable price for numerous reasons, such as not being a real commodity to halvings causing enormous fluctuations, so it's always going to be going up or crashing at any second.  It's designed to be a pump and dump.  This means no merchants are ever going to price things in bitcoin and bitcoin will always be a derivative of something else.  You turn off convertibility of bitcoin into that "something else" and you can't do much with it.

In practice they destroyed Tether. They destroyed the btc rechargeable cards, Xapo type. These two things were kind of fast way out from the crypto system in an emergency situation. Only transfers from exchanger to banks to get out of it, isn't it too little and controllable ?