Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17035. (Read 26718061 times)

legendary
Activity: 2842
Merit: 1511

For the past six years price has done a good job of filling the gap. Only exception has been the $32 - $50 range.

It´s like beeing Burger King lover, but instead of buying a whooper you waste your time talking to people at McDonalds what kind of trash the McDonalds food is.... Why don´t just grab a whooper and enjoy life?

I grabbed a whooper once, but I got mayo all over my hands...
legendary
Activity: 1288
Merit: 1087
Am ashamed to say I am also a Brit and in the same boat  - made loads of paper wallets way back (for different amounts) and it took me all day, so it looks a load of hassle.

But, if I use an old computer which is not on or ever likely to be on the net, get BTC QT onto it, then please (ELI5):

I import key from paper wallet to QT wallet, make signature, save signature, then DELETE that QT wallet (and repeat process for each BTC paper wallet address)?

If you are able to help may I PM you to verify this process (and save my embarrassment).  I am not a techie either, just a long term Bitcoiner who is a mac user and runs a mile even from simple CLI stuff.  

yes. that's all you need to do. it's the typing the keys in that'll drive you crazy though. do it one character at a time as 9 times out of 10 you'll get one wrong.

feed your addresses into the byteball wallet first on a live computer as it's an individual message per address. note them down and then sign the message for each address with the offline machine.

cut and paste all of the signed messages into a txt file and then take them off the computer and put them onto a live one where you can paste into the byteball wallet. obviously note the message that matches the address.

you'd be better off nuking the computer's hard disk afterwards and then reinstalling the operating system just to be absolutely sure.

you can also do it with this - https://github.com/brainwallet/brainwallet.github.io/archive/f7679dd03f39a04edced641960a7c3df1116fea9.zip which is what i used. it has a sign message section.

you won't need to delete the wallet every time you sign. you can import all the keys and sign each address after selecting it.

legendary
Activity: 2604
Merit: 1748


Ok thanks guys. I may be making a big mistake but I think as I am too worried about moving them about (which I have actually done in the past) I will not bother. I will keep the paper wallets safe and secure and just stay how I am. Some may say I am crazy but some wallets hold more than others and if anything should happen I would be more than upset/ pissed off. I'd probably go on some sort of rampage.

Maybe I'll just keep doing what I am doing and miss the boat this time.

Thanks for the advice but I am not as technical as most here. (More than the average person but not more than some regulars here)
ECB has hit the nail on the head. It really isn't that difficult and the rewards are quite worth it, particularly since there are going to be quite a few more airdrops in the future.
There is another byteball airdrop scheduled for the 9th July and more on every full moon for the next 6 to 7 months! That equates to a substantial amount of BTC in anyone's book!
Are you located in the South of the UK? If you need help I might be able to help you out as I am situated on the South coast. Not trying to scam anyone btw just trying to help.

Am ashamed to say I am also a Brit and in the same boat  - made loads of paper wallets way back (for different amounts) and it took me all day, so it looks a load of hassle.

But, if I use an old computer which is not on or ever likely to be on the net, get BTC QT onto it, then please (ELI5):

I import key from paper wallet to QT wallet, make signature, save signature, then DELETE that QT wallet (and repeat process for each BTC paper wallet address)?

If you are able to help may I PM you to verify this process (and save my embarrassment).  I am not a techie either, just a long term Bitcoiner who is a mac user and runs a mile even from simple CLI stuff. 
legendary
Activity: 1288
Merit: 1087

as with everything else that's rolled out to scare us, if it was that easy why isn't it happening already?

if someone takes the time to write about it that should mean someone else somewhere would've already done it and succeeded without telling anyone.
legendary
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
hero member
Activity: 564
Merit: 508
bears looking ugly again ... and all the usual full of shit trolls crawling out from their roach holes spewing golden lies.

... might be a good buyable dip, who knows ?
my original plan was to buy at 2200, but..
1.) I got scared by the speed it was going down,
2.) It didn't get to 2200 Grin [low was 2207.8]
..so now, Im not taking any action on bitcoin before this triangle is broken. But if its broken on the lower side, i will start to believe its H&S in the making and $2000 would be in danger

for now, in my view, it should target 2500+, but may still correct a bit towards 2300 before


I'm watching that as well.

Looking at past, both 2012 and 2013 "bubble" corrections happened to hit both EMA (50) and EMA (100) on daily (BitStamp).
Today daily EMA (50) sits at 2332$, EMA (100) way lower at 1973$.

Sure past does not repeats itself, yet something can be learnt from it.
hv_
legendary
Activity: 2548
Merit: 1055
Clean Code and Scale
Many distributed computing projects "mine at a loss" ... since forever. Cracking RSA, looking for aliens, folding proteins, cure for cancer, large mersenne prime numbers, golomb rulers, studying asteroids, climate predictions, detect earthquakes and a whole bunch of other math stuff.

They all "mine at a loss". Only bitcoin has been the first distributed computing project that has an economic incentive, yet early miners all mined "at a loss".



This is a great view and the biggest difference to all other (ETH) ICOs

Satoshi really mined 'at a loss' since first 2 years the price for all those bitcoins was mostly 0.000 -  but he had lots of expenses for mining and time spent and no look into future price and success.

I've to explain this to newbees all the time and it's hard to understand today where price is 2500$ !
full member
Activity: 282
Merit: 106
Why is the roach still talking?
Sexual frustrated? Maybe?

I don´t get the point why people are posting on BitCointalk, when they don´t believe in BitCoin at all. I would just leave, say good bye to BitCoin and spend my time with things i believe in / like.
It´s like beeing Burger King lover, but instead of buying a whooper you waste your time talking to people at McDonalds what kind of trash the McDonalds food is.... Why don´t just grab a whooper and enjoy life?
sr. member
Activity: 579
Merit: 267
Why is the roach still talking?
Sexual frustrated? Maybe?
legendary
Activity: 1932
Merit: 1610
Self made HODLER ✓
Wow, it's amazing how easy it is to get a transaction through, lately. I made a transaction with my Electrum wallet and set the fee all the way "to within 25 blocks" (I was willing to wait since I didn't find the transfer very pressing to get though.) and it confirmed in only 2 blocks. It's almost as if the powers that be want to make it easy to move to an exchange and dump.  Roll Eyes

The number of unconfirmed transactions has lowered to minimuns, the hashrate is also slightly lowering, and the number of empty blocks mined has also reduced.... <- Maybe JihanWu is unwinding his ASICBOOST operation in advance so that it doesn't get so evident in Aug1?
legendary
Activity: 1806
Merit: 1828
Wow, it's amazing how easy it is to get a transaction through, lately. I made a transaction with my Electrum wallet and set the fee all the way "to within 25 blocks" (I was willing to wait since I didn't find the transfer very pressing to get though.) and it confirmed in only 2 blocks. It's almost as if the powers that be want to make it easy to move to an exchange and dump.  Roll Eyes
legendary
Activity: 3472
Merit: 10611
~
Some miners have access to free electricity i think, ~

nothing in the whole world is free let alone electricity.
so no miner has access to any "free" electricity. they instead have some pretty good contracts with some private and small electric companies that allows them to have access to a much cheaper electricity. and it is a win-win situation for both parties.
STT
legendary
Activity: 4102
Merit: 1454
Gaming circuits would be like using a fork to drink your soup with right now.     I would rather they kept the calculation so complex it always needed a computer but thats not how it went,

Some miners have access to free electricity i think, they wont turn off immediately.  The setup is the main cost for many I think, overheads like alot of business done.  Means you operate a loss sometimes and carry on.

I said I'd be more positive if we broke a negative channel which is what it did though I wasnt watching.   It could be still viewed as negative some at $2,500
Maybe look at stronger dollar and that idea when considering direction, as is relevant to many prices.   However I believe dollar is generally weaker, Fed rate remains below inflation.
Kraken regained above a previous negative trend
legendary
Activity: 1806
Merit: 1828
Can you describe the mechanism that "they" would use to drag the price floor of a Bitcoin to $1? Who is "they"?

Already did, war of attrition.  Miners will not mine at a loss forever.  They just tank the price on exchanges and then miners either immediately turn off their machines or do a few weeks later.  If you look at things like litecoin hash rate vs price lately, these Chinese are turning on and off machines almost immediately as price fluctuates.  

Once they tank the price on exchanges either with real coins or synthetic derivatives, even if cost of production of a coin was once $10,000, there is no reason to pay that anymore since you can mine a never ending stream of coins as transaction fees for however low they want to tank the cost of production to.  It doesn't take a rocket scientist to figure out that bitcoin has no price floor, does not function as a store of value, and is much easier to destroy by financial manipulation than gold or silver are.

Lol when those chinese bastards are outta game my CPU will gratefully do the job.
While there are perhaps some hundreds of thousands of AntMiners there are BILLIONS of CPUs and GPUs happily waiting to start mining Bitcoins and the only tradeoff will be a minor increase in energy bill.

You would need more than 5 billion gaming computers to even come close to the current hash rate. Only got 5 million? Expect each block to take a year or more for you to mine. And I'm being generous on assuming that your high end gaming rigs can hash a gig per second. Better hope the next difficulty adjustment is a few blocks away...(BTW I'm using the American definition of million and billion.)
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Many distributed computing projects "mine at a loss" ... since forever. Cracking RSA, looking for aliens, folding proteins, cure for cancer, large mersenne prime numbers, golomb rulers, studying asteroids, climate predictions, detect earthquakes and a whole bunch of other math stuff.

They all "mine at a loss". Only bitcoin has been the first distributed computing project that has an economic incentive, yet early miners all mined "at a loss".

Bitcoin is obviously a medium of exchange, but it is also arguably both a unit of account and a store of value. However unlikely it can be dragged down to $1 at this point in time, it is still all three.

People can save it and use it later, so it is a store of value. One that can go up and down, just like silver and gold.

It can provide a common base for prices, particularly with all other alts, so it is a unit of account.
It is something that people can use to buy and sell from one another, from hardware, to airline tickets, goods and services, so it is a medium of exchange.

For bitcoin to die, they need to kill the internet and shut down all electric power world wide.

Again, I will repeat what satoshi said so many years ago: If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
legendary
Activity: 3808
Merit: 7912
Can you describe the mechanism that "they" would use to drag the price floor of a Bitcoin to $1? Who is "they"?

Already did, war of attrition.  Miners will not mine at a loss forever.  They just tank the price on exchanges and then miners either immediately turn off their machines or do a few weeks later.  If you look at things like litecoin hash rate vs price lately, these Chinese are turning on and off machines almost immediately as price fluctuates.  

Once they tank the price on exchanges either with real coins or synthetic derivatives, even if cost of production of a coin was once $10,000, there is no reason to pay that anymore since you can mine a never ending stream of coins as transaction fees for however low they want to tank the cost of production to.  It doesn't take a rocket scientist to figure out that bitcoin has no price floor, does not function as a store of value, and is much easier to destroy by financial manipulation than gold or silver are.

 Does it take a rocket scientist to tell me who "they" are?  Who is going to tank the price to begin this war of attrition?
full member
Activity: 294
Merit: 103
Don't be fooled, cockroach!
The Bitcoin dynamics are more complex than any of us, for smarter he could be, would predict.
full member
Activity: 294
Merit: 103
Can you describe the mechanism that "they" would use to drag the price floor of a Bitcoin to $1? Who is "they"?

Already did, war of attrition.  Miners will not mine at a loss forever.  They just tank the price on exchanges and then miners either immediately turn off their machines or do a few weeks later.  If you look at things like litecoin hash rate vs price lately, these Chinese are turning on and off machines almost immediately as price fluctuates.  

Once they tank the price on exchanges either with real coins or synthetic derivatives, even if cost of production of a coin was once $10,000, there is no reason to pay that anymore since you can mine a never ending stream of coins as transaction fees for however low they want to tank the cost of production to.  It doesn't take a rocket scientist to figure out that bitcoin has no price floor, does not function as a store of value, and is much easier to destroy by financial manipulation than gold or silver are.

Lol when those chinese bastards are outta game my CPU will gratefully do the job.
While there are perhaps some hundreds of thousands of AntMiners there are BILLIONS of CPUs and GPUs happily waiting to start mining Bitcoins and the only tradeoff will be a minor increase in energy bill.
full member
Activity: 294
Merit: 103
I guess a technology to detect densely stored metals is already well developed, isn't it they use to find deposit fields inside mountains to mine it then?
If they can develop such a detector, that would be not impossible to make something to detect the 2,000 Kg of silver you buried in your backyard.
But I think it would be harder to involuntarily extract a 12-words seed from your memory...

It would probably only take a $5.00 wrench to extract that from your memory.  Cheesy



Sheeeeet!
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