Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1512. (Read 26707836 times)
October 29, 2023, 12:03:28 PM
October 29, 2023, 11:49:28 AM
I'm a bit cautious when after such a price pump we are so flat for almost a week. Often that ends with a bart down.
But lets see
But lets see
Yeah, but we cannot go by "often" because sometimes it does not end up in "down" but instead ends up in continuation of "punishment mode" over and over and over, until so many of the shorters just give up... "We" have seen such punishment mode happen many times in bitcoin landia, and it is not easy to know when it is going to happen or whether it is happening as we are observing it. Do you need any examples besides maybe just my pointing to April to June 2019?
Yeah, there are other examples, so you have been around long enough to be able to point to them yourself, and regarding whether "we" might be at such a point in the cycle or not is still to be seen.. no one really knows (except maybe some folks might know that how much value that they have on the sidelines that they are going to continue to put into bitcoin and some of the rest of us might not know about their convictions in regards to their spare cash, since our $thousands or $100s of thousands or our $millions does not even come close to the levels of spare cash that some folks/institutions/governments might be willing to throw into the pot upon the development of certain price movements) until after it already happened, then we are like holy shit. .and then maybe at that point we may or may not get a correction. I am not even saying that is where we are at, but we could be at a place in which support is sufficiently bolstered enough to be there.
I'm a bit cautious when after such a price pump we are so flat for almost a week. Often that ends with a bart down.
But lets see
it's just a small retest, But lets see
the price is gradually increasing, prompting traders to consider taking a position after that the price will crash by making 1-3 red candles.
I doubt that BTC price movements are that easy to describe or to predict how they will play out, but you are likely correct in terms of the need for a bit of time to consolidate before the next leg that could go in either direction, and surely even if we end up going up rather than down, there could have had been some benefits towards consolidating for a while so that when the next UP comes, then there are more shorts in place to reck.
I'm a bit cautious when after such a price pump we are so flat for almost a week. Often that ends with a bart down.
But lets see
Have a nice week ahead everyone.But lets see
On a lighter note, this 34k support be like ...
Image from reddit
Surely that is pessimistic to be seeing support as being so vulnerable.. but hey, no problem you can believe whatever you like. I hope that you are not making your bets based on such... in other words, there is nothing wrong in terms fo being prepared to buy more if the price goes down, but gotta be careful in terms of either selling or even low coiners/no coiners failing/refusing to buy BTC at these prices based some kind of a belief that downity has high odds of happening (or that downity is near inevitable).
October 29, 2023, 11:46:03 AM
We’re still in the early stages of this next run, but it is clear that the market changed directions and is back on the way up. Given the time period we’re in of the cycle, we should get a good long rally from here that will only intensify as people begin experiencing FOMO. Soon an ETF will be approved and Bitcoin will be all over the news again.
October 29, 2023, 11:37:07 AM
Far from ATH,
But we're getting there slowly.
Got to wait it out.
Choo-choos have appeared,
Of the CCMF type,
That started it all.
As for fuck-you corn,
One still needs more than 50.
Ask Jay for details.
Coincidence that...
...Bob sells, then has colon checked?
No, I don't think so!
When dating a girl,
Don't just check her private parts.
Count her knuckles, too!
Beheading babies.
Bombing women and children.
Two sides, two evils.
The Wall Observer.
Where order flirts with chaos,
And they fall in love.
#7wodigestsundayhaikus
But we're getting there slowly.
Got to wait it out.
Choo-choos have appeared,
Of the CCMF type,
That started it all.
As for fuck-you corn,
One still needs more than 50.
Ask Jay for details.
Coincidence that...
...Bob sells, then has colon checked?
No, I don't think so!
When dating a girl,
Don't just check her private parts.
Count her knuckles, too!
Beheading babies.
Bombing women and children.
Two sides, two evils.
The Wall Observer.
Where order flirts with chaos,
And they fall in love.
#7wodigestsundayhaikus
October 29, 2023, 11:35:50 AM
ah ha!!!!!!!
I see an admission, there.
First things first - you “see” shit.I see an admission, there.
Oh my, aren't you all worked up over nothing.
Secondly, what are you referring to? The “troll” part, or what can they achieve against an army of professional liars?
I kind of wished that you would have had said "professional trolls" and "liars" rather than "trolls" and "professional liars," then at least you would have had been more accurate in your descriptive attempts at a snipe.
Thirdly, I didn’t admit to anything - it was a sarcastic statement.
You are digging ur lil selfie in deeper and moar deeper.
Don't you have anything better to do? Weren't you at least going through a prior stage of describing some of your "hot babes" experiences? Have your hot babe experiences run dry? Maybe the hot babes got annoyed with your personality? or lack thereof. hahahahahaha
Maybe work on getting back to improving your hot babe experiences, then at least you might be able to cheer up ur lil selfie and maybe even produce some off-spring, not that I should encourage such things, in your case it might be better to NOT enable you in that direction.
If true, that seems neither "sweet" nor unusual enough to be pointed out as any kind of a "gotcha."
Please
'splain
selfie.
Jay, Juan and Gee, I’m not really into debating with AI’s.Please
'splain
selfie.
Ok. don't then.. No problema.
That said, what amazes me about your registration date, is how advanced AI’s are in the private and military sector.
In short, chatGPT my ass.
In short, chatGPT my ass.
Again, you are back to being sweet.
Can you make up your mind about whether you would like to be sweet or you would like to be the lil turd that is in your more true nature (or are you just acting like a little turd because your that's how your handlers prefer it).
Why not actually get involved with some substantive discussions of lillie fiend, rather than trying to be a lillie fiend wannabe... This lillie fiend wannabe is not really working so well for you anyhow, is it?
[edited out]
To clarifiy, I don't use any shamir secret sharing or similar tech as you seem to assume. Sure, I might have misunderstood, but I was not presuming the use of shamir.. I was merely presuming having a seed and then splitting it into two parts.. So I may well have had been confused about what it was/is that you were/are doing. Accordingly, I thought that they were in plain text, so maybe partially I was asking for myself, but also for anyone else who might not have understood what you meant by what seemed to have had been a back up that was split into two parts.
The backup and the "original" are fully identical. Before writing it down I just xor the original 2048bit key that results in a valid seed for electrum with a password and store that value as BIP39 encoded seed words. Xor that again with the valid password and you get the original and valid electrum seed back.
I tried to look up Xor but I don't really understand what that is.. I guess it is creating a hash and then reverse hash or something like that, so yeah, maybe I am missing something in regards to what you are doing since I don't really know how to xor anything... at least not so far in my bitcoin journey (or otherwise in my personal life - not that I know about.. maybe I had been XORing things without realizing that was what I was doing all this time).
Regarding the other (very valid) concerns like storing in different locations etc. that you bring up, these have been well considered and in my view sufficiently addressed but due to obvious opsec reasons I'd prefer not to go into too much detail.
Well that was what I thought was my main point...(Or question).. so that if you have ONLY one back up, then that could be dangerous, but if you have two back ups that would be better with some sufficiency in terms of different locations.. and sure none of us necessarily need to know details, but mostly inquiring upon the different locations having had been taken into account. On a personal level I have a few different locations that I trust, but it is not like anything is exactly locked in time, and there could be times in which passwords are being updated in which the information is all located in one location. which could sometimes make systems more vulnerable when the parts are brought together, to the extent that they might need to be or if there might be some other way of updating the various parts without necessarily bringing the parts together.
So in some sense I am not necessarily specifically wanting to talk about you, but to talk about some of these kinds of vulnerabilities that any of us could have when we are either creating our back up systems or if we might be administering our systems from time to time.... including that sometimes when I am travelling, I might create new wallets and/or passwords for new products and/or services, but these might have temporary back ups that are not as adequate as my more permanent back ups, but I might not update my longer term (more permanent) back ups for several months and maybe even it could approach a year before some of the later created systems (passwords and/or seeds and/or other important information) get merged into the older (and considered to be more permanent and cold) back up password systems.
October 29, 2023, 11:14:17 AM
I'm a bit cautious when after such a price pump we are so flat for almost a week. Often that ends with a bart down.
But lets see
But lets see
Have a nice week ahead everyone.
On a lighter note, this 34k support be like ...
Image from reddit
October 29, 2023, 11:04:14 AM
Bitcoin greatly rewards order, and severely punishes chaos.
To anyone who has lost coins: you're doing it wrong, but thank you for your donation!
To anyone who has lost coins: you're doing it wrong, but thank you for your donation!
Some ways of holding coins are easier than other ways, and personally, I consider that it is not easy to attempt to stay somewhat vigilant in the ways that we are holding our keys and the various ways to try to back them up without necessarily leaving them vulnerable to others while at the mean time sufficiently preserving them so we do not lose them to our own complications and/or oversights.
Didn't you yourself, AlcoHoDL, either lose some bitcoin or maybe even come close to overly complicating some of your wallets? Or, am I getting you mixed up with another member? The more I think about it, I am pretty sure you told some stories of how some ways of storing keys might become too complicated, especially with the passage of time and thinking that we had sufficiently documented in order to trigger our memories, and then viola.. we are struggling to remember and/or figure it out.. so if we are sometimes struggling with our own systems, then how are we going to be passing those coins down with someone else being able to read our notes and/or fill in the gaps, even if the coins might be hiding in plain sight.
So far there is no easy solution, and it seems that it could be a while before easy systems come.. because some of us might currently be able to program our clock on our VCR (or microwave), but others struggle, and even us in time 1 know how to do it, but in time 2, we may have had forgotten how to do it, and did we keep too much information in our heads presuming that we were going to remember when the time comes.. but the time ends up being 15 years later rather than 5 years later.. where did all that time go?
October 29, 2023, 11:03:52 AM
Bitcoin ETFs are giving a lot of talk and this can guarantee a good price, so based on this we can see in the news great things that are developing:
Source: https://cointelegraph.com/news/first-bitcoin-etf-trades-gbtc-discount-69k-btc-price
Are ETFs helping the price? It may be, perhaps at this time we can have a good price for BTC, but I am the one who thinks that it can reach $40k, now my predictions have turned out very well because the range changed from $32k to $35k, yes there are more buying bitcoins, yes, the price goes up.
Bitcoin to $51,000 in November? BTC Price History Says Maybe
Source: https://u.today/bitcoin-to-51000-in-november-btc-price-history-says-maybe
Is all this possible ? Yes , my predictions are Based on what I can guess the price may reach, this article goes beyond what I think, it may be the case, the analysts have a better Understanding than me , who doesn't know about technical Analysis.
Quote
Legal victories on the long road to gaining permission to convert GBTC into a spot ETF provided kindling, and Grayscale’s product now trades with an implied share price, which is just 13.1% below the BTC spot price.
Per data from monitoring resource CoinGlass, this is the lowest since November 2021, when Bitcoin itself was at all-time highs.
“The GBTC discount keeps narrowing,” popular Bitcoin and altcoin trader Mister Crypto meanwhile responded.
“Maybe TradFi knows something we don’t know yet...”
Per data from monitoring resource CoinGlass, this is the lowest since November 2021, when Bitcoin itself was at all-time highs.
“The GBTC discount keeps narrowing,” popular Bitcoin and altcoin trader Mister Crypto meanwhile responded.
“Maybe TradFi knows something we don’t know yet...”
Source: https://cointelegraph.com/news/first-bitcoin-etf-trades-gbtc-discount-69k-btc-price
Are ETFs helping the price? It may be, perhaps at this time we can have a good price for BTC, but I am the one who thinks that it can reach $40k, now my predictions have turned out very well because the range changed from $32k to $35k, yes there are more buying bitcoins, yes, the price goes up.
Bitcoin to $51,000 in November? BTC Price History Says Maybe
Quote
Looking ahead to November, the picture becomes more intriguing and complex. According to data from CryptoRank, the average monthly return for BTC in November stands impressively at 51.6%, while the median, a more conservative measure, hovers at 8.98%. Delving deeper into the annals of Bitcoin's history, a mixed narrative emerges. Over the past five years, only one November, in 2020, yielded positive results, boasting a substantial 42.9% gain. This fact injects an air of uncertainty into the otherwise promising statistics.
Read more on U.Today https://u.today/bitcoin-to-51000-in-november-btc-price-history-says-maybe
Read more on U.Today https://u.today/bitcoin-to-51000-in-november-btc-price-history-says-maybe
Source: https://u.today/bitcoin-to-51000-in-november-btc-price-history-says-maybe
Is all this possible ? Yes , my predictions are Based on what I can guess the price may reach, this article goes beyond what I think, it may be the case, the analysts have a better Understanding than me , who doesn't know about technical Analysis.
October 29, 2023, 11:01:20 AM
October 29, 2023, 10:01:28 AM
October 29, 2023, 09:01:21 AM
October 29, 2023, 08:01:21 AM
October 29, 2023, 07:54:26 AM
I'm a bit cautious when after such a price pump we are so flat for almost a week. Often that ends with a bart down.
But lets see
But lets see
it's just a small retest,
the price is gradually increasing, prompting traders to consider taking a position after that the price will crash by making 1-3 red candles.
October 29, 2023, 07:32:25 AM
I'm a bit cautious when after such a price pump we are so flat for almost a week. Often that ends with a bart down.
But lets see
But lets see
October 29, 2023, 07:01:28 AM
October 29, 2023, 06:12:24 AM
in addition to the options for losing keys mentioned by Biodom, there is always an unexpected hacking option. We can recall the story that happened a few months ago with Libbitcoin, where key generation was carried out with insufficient entropy, as a result of which the keys generated in this way were especially vulnerable to hackers. This way, you can be confident in the safety of your keys and still face the loss of your bitcoins. The probability of this is almost zero, but still not zero.
This is why addresses must be created on a computer which has no internet connectivity and printed on a printer that will never have internet access. Printer spooler buffers can be hacked.All possible leaking problems avoided and it should not be like a big deal writing a dozen of simple words down.
I have never seen any use in these little USB gadgets, too much trust involved for my taste.
*I also apply some crypto-fu by xoring with a simple password before writing it down, it still looks like a seed but isn't one
I don't mean to pry too much, but what happens if something happens to your wallet, so then you go to use your seed (hypothetically, maybe you had not accessed that seed for 3-5 years) and then once you try to retrieve your back up seed and put the two pieces together, one of your two pieces of paper is missing, damaged or otherwise not sufficiently readable?
What I am getting at is that I hope you are not just relying on one back up.
Another question would be if your wallet and its back up happens to be in the same house (or location) at the same time.. what if your house burns down? or gets hit by an asteroid (alien spaceship) and completely destroyed? In this second scenario, you had both your regular and your backup destroyed at the same time... and that could also be a problem of having ONLY one back up, and I am not really opposed to having one of the back ups in the same building as the wallet (the primary), but there seems to be a need for some kind of locational diversity, even if it might be a separate building on the same property... but yeah, some folks might feel that they don't really have second buildings, and so maybe those people might get stuck with some kind of safety deposit boxes which ends up being a bit of a hassle since almost two safety deposit boxes might be needed unless there might be some ways to disguise the backups in plain sight.. which I would suggest is not an impossible task, even though it could end up in confusion for anyone who might not know the instructions for how to untangle the puzzle.
By the way, none of my questions are meant for you or anyone else to provide specifics regarding their own practices, and/or even if there might be some family members involved, there could be a kind of system in which a family member agrees that I am holding something personal in their filing cabinet or their safe or in one (or two) of their books or something in which, they might need to know not to throw away or to destroy, in the event that I am not visiting them on a fairly regular basis to be able to ensure that the location and/or the contents of the location is not messed with.
To clarifiy, I don't use any shamir secret sharing or similar tech as you seem to assume. The backup and the "original" are fully identical. Before writing it down I just xor the original 2048bit key that results in a valid seed for electrum with a password and store that value as BIP39 encoded seed words. Xor that again with the valid password and you get the original and valid electrum seed back.
Regarding the other (very valid) concerns like storing in different locations etc. that you bring up, these have been well considered and in my view sufficiently addressed but due to obvious opsec reasons I'd prefer not to go into too much detail.
October 29, 2023, 06:01:21 AM
October 29, 2023, 05:51:53 AM
Friends that go away
Corncobs gently fluttering
Another Sunday
#haiku
Corncobs gently fluttering
Another Sunday
#haiku
Friends' fleeting embrace,
Corn husks dance in whispered breeze,
Sunday bids adieu
October 29, 2023, 05:42:08 AM
[...]
Bitcoin greatly rewards order, and severely punishes chaos.
To anyone who has lost coins: you're doing it wrong, but thank you for your donation!
true, but that was a comedy skit, ya'll.
Bitcoin greatly rewards order, and severely punishes chaos.
To anyone who has lost coins: you're doing it wrong, but thank you for your donation!
true, but that was a comedy skit, ya'll.
Of course it was. Let's call it "educational comedy"...
BTW, the chaos was not the guy butchering the HDD, but the coin owner losing access, not having backups, etc.
October 29, 2023, 05:32:57 AM
Friends that go away
Corncobs gently fluttering
Another Sunday
#haiku
Corncobs gently fluttering
Another Sunday
#haiku
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