Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1720. (Read 26716544 times)

buddy be teasing 26.1k

Explanation
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So basically we (the humanity) invented a whole new technologies, and the internet and more things after that, only to ended up selling in a face to face market?

I know you do this things for security reasons, but we need to improve. We need to do the life in the net not outside like before, for what we desing a way of payments in the net and anonnimity? To ended up in a face to face? no sense.

When I say wallets, I mean things like Electrum or Metamask - not stuff like Coinomi or Trust.
Fair play tho, it could have been misunderstood and you should never hold your coins on a wallet like that


There were lines of people scanning their eyeballs for pennies for that Worldcoin project. Most of them don't really care that much.

Explanation
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Never understood the psyche of people, who are into Crypto for several years and yet ready to do KYC for anything related to Crypto! I mean, why would someone do public registration of a private asset holding is beyond my realm of understanding. Even buying a HW by providing any sort of personal info kills the whole purpose of Crypto.

I strongly recommend avoiding wallets. I keep all my coins in cold storage addresses.

I only use a wallet (Mycelium or Coinami)to facilitate transfers. I never leave anything in a wallet for longer than it takes for the transactions to be confirmed by the network.

I absolutely never allow my coins to be in anyone else's possession... no online exchanges, etc. When I buy or receive coins, it's always straight into cold storage addresses I created on an internet incapable computer and printer. When I sell, it's face-to-face for cash on the spot.

Whats up with this waking up with problems you didn't have when you went to sleep???

Oh you slept wrong, No motherfucker I been sleeping the same way my whole life and suddenly you think I forgot how! <<- I've been saying this a few years at the casino so expect to see it in a movie one of these days.

youth. yeah. its nice. in younger days i had to do something really really stupid to cause noticeable damage to myself. now stuff breaks while sitting in a recliner reading a book.

cumulative damage is like compound interest.. it really adds up over time lol

HAHa, I made up a parody quote to that years ago.

"Whatever doesn't kill you will probably scar you for life!".

Explanation
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Not just Binance, withdraw from any exchange asking for KYC.
There are decent non-KYC options available for quick trades, anything else just keep on your own wallets.

Wallet management should be a #1 topic when entering crypto. Too many people have no idea who they give their coins to.

I certainly subscribe to the theory that your body slows in recovery time with age, and also cannot tolerate certain kinds of abuses that it was able to tolerate when younger... and some of those behaviors that we did as a younger person might end up killing us as an older person, so in that sense, I would take with a grain of salt about the idea that "whatever doesn't kill you, will make you stronger".. since that is likely a younger man's phenomena..

...even though it is probably that our bodies do likely need some stressors to become stronger even though at some point we are not as able to even tolerate various stressors, so we have to make the stressors weaker in order to become stronger and we might not even be able to get up to close to the levels of our previous tolerances.. and even now there are some things that I just am not able to do, and I am not prepared to train 24/7 in order to try to get up to being able to do certain things that I could do in my 20s, and my training might not end up getting me to those levels anyhow, so then I just ended up wasting my time on goals that I am not able to achieve while neglecting some other areas of my life that are also important.

The purpose of the Trezor PIN is to delay the thief and give you enough time to restore the seed to another device and transfer your coins to another wallet. A simple 8-digit PIN is more than adequate for this purpose. Even a 4-digit PIN will likely delay a thief for sufficient time, considering that a Trezor delays retries by a time window that increases by a factor of a power of 2 after each failed attempt.

Adding a passphrase (a.k.a. 25th word) adds to this, obviously, but serves a much greater purpose, which is plausible deniability (there's a hint about this in Jay's post).

These tools (the PIN and especially the passphrase, even with relatively low entropy) are incredibly important in securing access to your wallet. It's like carrying a safe in your pocket, as compared to a paper wallet, which is equivalent to a plain old wallet.

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Edit: Many thanks to Lucius (post) and Gachapin (post), for pointing out a h/w vulnerability that affects Trezor Model One and Model T h/w wallets, and enables a hacker with physical access to the device and the necessary equipment to extract the seed.

Taking this into account, one should definitely use a very strong passphrase (a.k.a. 25-th word) as well as a strong PIN. That's the way I've set up mine. This should give us enough time to take measures against theft.

In any case, a h/w wallet beats an unsecured paper wallet hands down, since a paper wallet is essentially an open wallet, ready to be snatched by anyone who finds it -- no brute force or hacking required.

You may be right but this time his prediction seems okay to me because we all know that some days before halving there can be a good pump in Bitcoin's value and during halving the pump may get intense to reach the values of around 46k or even more. What do you think about that? Don't you think that there will be a pump during the halving event or few days before it?

There are a few ways to attempt to do this.  Let's say that you have something like $100 every week that you can use for BTC buys (DCA).

One way would be to just set your buy orders at the beginning of the week in order to hope to use up the whole $100 by then end of the week (and yeah maybe if you have time and interest, you can manually monitor the filling of your buy orders so you set half of the orders in the beginning of the week and the other half towards the second half of the week), and if your prices are not met by the end of the week, just market buy with whatever is remaining at your personally imposed deadline time.


Nothing wrong with market buys - except usually the percentage of the fees might be a bit higher... and if you feel that you have a whole week to spend it, and you could accomplish the same thing somewhat automatically, then why rush it?  Sure the price might not dip all week, but the odds for that are not necessarily greater than 50%.. and you might even be able to read how extreme that you might want to be with your limited orders while knowing that you have market ordering as a back up plan if all of your efforts fail after the passage of a whole week (or whatever might be the time frames that you impose on yourself for each of your buy orders).


Those sound like newbie kinds of mistakes (and emotions), so the more that you practice, you should be able to temper down some of those kinds of tendencies, even though sometimes it can take several years of practice before you can really lessen your emotions. and I am not going to deny that sometimes I have some issues with this as well.. not very often in recent times, but sometimes there can be some frustrations when some kind of an order is placed and it gets within pennies of filling and goes up, does not come back down, and seems like it is never going to come back down to those levels (at least within the timeline that I had self-imposedly set for that order to fill)...

So let's say for example, I have right around 0.63 BTC (which is around $16k worth of bitcoin), and I see that my neighbor has a nice trailer that is for sale, and he wants .063 BTC for it, and if I pay in cash, he going to want $2k, and so I decide to pay him in BTC... so then I am like: "fuck, that's 10% of my total bitcoin supply, I better buy back that BTC within less than 24 hours because I cannot be fucking around with 10% of my total BTC holdings on purchases if I do not replace the purchases in a fairly expedited kind of a way."

So in essence, I have a bit of an urgent replace scenario that I have put myself into it because I choose to spend BTC rather than dollars, but I also believe that it was good to spend my BTC becuase he was giving me right around a 20% discount.  So I could try to set some limited buy orders just below the spot price, but even if I just buy back right away, I likely am ONLY going to be paying around 0.3% or so for fees, so it still is cheaper for me than the 20% discount that I got

..and sure of course, we might need to consider the extent to which there are tax consequences too, but my point is that there can be situations in which our own conduct in light of how much of our stash we are using could cause greater or lesser levels of urgency in terms of replacing any BTC that we might have had spent.


Thanks for adding some further details regarding the usability of the Trezor one, and surely the Trezor one is about 1/3 the price of the Trezor Model T  (depending on when you get it) and the Trezor one can do a lot of the same things as the Trezor Model T... just a smaller screen and dealing with buttons rather than touch screen. 

I know that sometimes some of these features seem complicated and confusing, but when you actually go through the process, you may well become "Wow'ed" regarding how easy some of the features are, including that a passphrase does not have to be set up from the very beginning, and so you can add new passphrases as you go in order to generate new portals into new wallets. .and you can even open several (or all) of the wallets at the same time (separate passphrases), and they will show on the trezor as "hidden wallet 1," "hidden wallet 2,"  "standard wallet," etc... so you can even transfer funds between standard wallet and hidden wallet 1, and you will need to pay onchain fees for any of those kinds of transfers, but sometimes there are reasons to move your own funds from one location to another location.

@BritishHodl
So now we have the following Bullish tailwinds for the next #Bitcoin  halving:

1. FED cycle about to pause and change direction.

2. Inflation is cooling faster than ever.

3. #Bitcoin  ETF is coming now as the SEC has been given a blow they can't recover from and if they stall they open themselves to lawsuits for destroying value - opening up $50m-$150m of daily buying.

4. FASB has changed the accounting rules to incentivise Corporations to allocate to #Bitcoin  to grow their valuations.

5. People are understanding #Bitcoin  vs traditional assets more than ever before as #Bitcoin  is transitioning to a "must own" asset in the consciousness of the investing class as CNBC and Bloomberg spend their days talking about it..

6. The "Titans Of Finance" like Larry Fink and Jamie Dimon are aligning incentives for Trillions of Dollars of capital to be unlocked.

7. #Bitcoin  & Bitcoin Mining is now "ESG friendly" - are you even woke now if you don't own #Bitcoin ?

8. Supply is dwindling on exchanges as the HODL rate increases for the first time during the bear market.

9. Pro #Bitcoin  politicians are taking the main-stages of so many countries around the world.

This is all before the daily supply gets halved.

Please, get to ONE #Bitcoin  asap.
https://x.com/britishhodl/status/1699832765527523583



I would like to think that everybody in this thread with a pre 2020 registration date has AT LEAST 1BTC.

If not there is still time but not much. Protect your purchasing power and sow the seeds to harvest plentiful crop for your family in years to come. From 2025 onwards, regular folk will never be able to afford 1BTC so your time is now or never if you don’t already have one or more.

You have no excuse to be a brokie NOCOINER.

Bitcoin or bust, brothers. Prepare for what is coming!

Explanation
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It’s funny you just posted a poison ivy story in this here famous thread, as just last week, I got it all over my ankles. That sucked! First time getting it in like 40 years. It’s been so long, I was convinced I was immune to that nasty shit.
So… memo to myself… Never, EVER do weed whacking wearing shorts.
WTF was I thinking?? Oh I know, I wasn’t.
Nothing like having mulched poison ivy flecks sprayed all over one’s exposed legs and ankles. I was itching red bloody rash/scabs for a week. Lesson learned.

Really?

Yeah this guys a dipshit.


Removed years ago, surprised it took this long to be honest.