All posts made by Johnny00 in Bitcointalk.org's Wall Observer thread
1.
Post 17957785 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.04h):
Is this price rise all because of the potential ETF? In December it pumped then dropped quickly. Another correction or just up up up
2.
Post 18057391 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.04h):
Bound to be a correction. This must be all FOMO. Etf gets rejected then this will drop. More buying opportunities. Thing is every here is just holding acting like this is gold. Once people start panicking might crash quick
3.
Post 18092026 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.04h):
You can use a Trezor with Electrum. If you are going to use a local bitcoin wallet like Core that does not support hardware wallets YET use a real good password.
Okay, one more question, why should I combine Trevor with electrum?
I thought only online wallets such as blockchaininfo wallet are vulnerable to hackers.
I thought that Electrum wallet is not possible to be hacked (if yes, how?).
Any wallet that exposes your private keys can be hacked. Keylogger malware can steal your password or a trojan could substitute a different bitcoin address. Bitcoin Core is still the most private way to use bitcoin but it is ultimately not as secure as a hardware wallet. The most secure way to use Bitcoin Core is to run Armory on top of it in cold storage mode. Needs two computers one always offline for the Armory wallet with private keys.
As hardware wallet you mean wallet on USB or other offline device, right?
Lets say i created wallet with Electrum, then someone infects my PC with keylogger. All what he can get from me is just my wallet password - is it enough to steal my coins?
From what I know hacker can also hack my computer and steal my private keys which are located on my PC - but they are encrypted, right? What is required to decrypt them?
Whats the best way to save your bitcoins? just cold storage bitaddress.org?
4.
Post 18106378 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.04h):
Anyone know what's causing the crash?
it's not crashing, volatile up and down. Crash would be 10% drop in 5 minutes. Nothing goes up forever. It was bid up for the ETF, just like the halving if jumped. Lets see how it reacts with the bitcoin ETF ruling.
5.
Post 18138280 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.05h):
The thing is if it gets approved, none of us are selling. if it gets rejected are you selling?
market will temporarily drop but then proceed with going up. Japan will have an ETF i assume soon as they aceept it as a form of payment now.
6.
Post 18164961 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.05h):
I think a factor in the high price is that people who thought it would be safer to wait until an ETF was available to get in because of institutional protection, their lack of tech knowledge, whatever, have realised they don't get that luxury and have starting buying directly. This is a bit of a silk road v2 situation IMO, everyone thought the value was due to X and then X vanishes and it retains the value = collect jaw drop and then FOMO.
Yup. Hardware wallets are selling out fast.
Why use an ETF when you can hodl your bitcoins at home on a Trezor? (If you can find one to buy).
No kidding. After long time considering buying one I finally did past week and I couldn't be happier now. Way better and more secure than my previous mess of having some in exchanges, some in software wallets and some in paperwallets.
Now I can only recommend to anyone that doesn't have one to buy one asap. It's a whole new dimension. There's really no reason not to have one except maybe for someone with less than 1btc.
I did buy a Ledger Nano S though, which is mostly the same than Trezor.
I use Nano S and Trezor. I like Trezor better because I can use it with one hand but that is a minor quibble. It is a good idea to keep a portable copy of latest Electrum on your desktop if you are using the Chrome apps for Nano S; once in a while the Ledger servers have a problem usually on a weekend. If you trade Ether you can use
MyEtherWallet as a backup to the Ledger Ether Chrome app.
My trezors handle:
1) bitcoin transactions etc.
2) password manager
3) u2f 2fa
Do Nano S devices do all of these things? I might check them out one day if they do.
With a trezor do I need a desktop computer? I do everything on my mobile.
7.
Post 18172935 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.05h):
Yes yes ETF amazing recovery etc etc blablabla. Thats not the point. Why are the shitty altcoins pumping like hell and we are stagnating and losing 5 % marketcap ? And volume is really low.
Imagine the walls we'll observe when that value comes back into Bitcoin.
BTC doesn't have a catalyst to go higher right now so people see a stable BTC price and will go into altcoins. Hence the pump. after the pump i assume money will go into LEGIT projects. BTC should be flat next few months
8.
Post 18185132 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.05h):
Alt coins coming back down and bitcoin price increasing, what a surprise.
More like the other way around - BTC went up over 1250 first and the ones I was watching moved inversely.
But you're right - all Alts are BTC dependent in some respect. Most are priced (effectively) in BTC.
Whether BTC will go up further from here on in is what I am waiting to see. I really didn't expect to be over 1250 just two working days after the ETF rejection. BTC never ceases to surprise me.
yes just crazy, people sold hoping it crashed now they are out of luck trying to buy back in. I expect it to be stable. Just goes to show you not to day trade. Find value and buy it and hold it.
9.
Post 18187701 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.05h):
FOMO buying happening. wow. thought bitcoin would just settle but testing $1300 again. wow. this thing just needs some good news and will go ATH again
10.
Post 18277339 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.06h):
Almost 1100$.
Yes interesting that we are running up.
Enough technical and BTU talk, let's refocus this thread on price speculation. Take the other talk to other technical forums!
I sold all of my trading stash a few days ago because of all the fork talk - first time I've done so in a loooong time.
Around 18 hours ago I bought back in. I didn't make much on the trade, increased my BTC holding by a little
Now that the ETH and DASH shenanigans seem to be over, it will be interesting to see what happens to the price over the next few days. How many people will cash out altogether with their profits?
There are a lot more altcoins that will pump before BTC. ETH and Dash sold back to BTC, pushes the price up then mid tier alt coins will be pumped
11.
Post 18533085 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.08h):
Gold and Silver respond to economic uncertainty more than anything. Now that people have gotten used to the "new normal" prices will be flat or recede. The next climb will be triggered by the next economic crisis, be it no one purchasing treasury notes, or rapid inflation, if that occurs. Otherwise, it's the long slide down.
Worst hypothesis ever. "Metals to 0 unless economic uncertainty". If that's the case, bitcoin must be headed below 0 since it's a currency and not money that provides no utility above competing digital currencies like USD or airline miles.
How does Gold and silver offer utility. Remember they were used as a currency before and also governments no longer use gold as a backing for their currency. There is actually zero use for gold. Silver does have real applications.
12.
Post 18933391 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.09h):
Also, if you have 12BTC on a software wallet my advice inmediately changes to: Buy a hardware wallet NOW!
What's wrong with a software wallet? Mine is password protected, stored in a veracrypt volume, which is stored on my encrypted /home partition, and included in several backups stored in different air-gaped locations and only ever connected one at a time. (and most importantly, I'm not running a toy operating system.)
Well, you are describing it perfectly. I can have better security with my hardware wallet without needing any special security measures. I could even use it on "public" computer.
I say "better security" because no matter how many layers of encryption you may be using... at some time you would need your computer to access the wallet in "plaintext" to sign the transactions and that opens an attack vector.
It's much better to have the signing be done inside a specialized hardware....
Plus it is amazingly more convenient to use.
I have been saying this same thing for four years, but I would take it a step further. Easiest and best way to secure your Bitcoin is printing your address and putting two copies in different safe deposit boxes. Then return 10 years later a millionaire.
Software wallets for even moderately competent tech people are complete jokes: passwords, veracrypt?, home partition encrypted, multiple backups, air gapped storage, military grade cement vaults, across continents, different governing body, multi sig, documented access protocol, protocol encrypted, protocol stored in multiple backup locations......OMFG
You are missing my point. Paperwallets also have its use case but... HOW DO YOU PLAN TO CONVERT THEM BACK TO BTC (MOVE THEM) WITHOUT USING A SOFTWARE WALLET?!??!!?
For god's sake, why can't people just follow my advice and buy a damn hardware wallet!
What's the best hardware Wallet? PM me please
13.
Post 18969196 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.09h):
Sorry hodlers, but I just sold out to FIAT... I am expecting at least a small correction soon.
Maybe we go back up after a small correction, or maybe there is a large correction looming.
I think I will buy back after the small correction, and curse the gods if there is a large correction.
$1870 ATH on stamp. Sorry. I did the same also between 1200 and 1700...
Just wow. The past month nothing is holding it back
14.
Post 19065126 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.10h):
The next 24 hours are
critical. why is that? also bitcoin share is only 50% now, wow, altcoins are slowly taking over
15.
Post 19065216 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.10h):
Also, transaction are unconfirmed is becoming more and more an issue. fees are higher now. people are getting frustrated.
Imagine a newbie getting his first coin and have to wait 24 hours to get confirmed.
16.
Post 19223386 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.11h):
Time to short to recover 7k losses
Yes goof idea. What price did you buy at?
17.
Post 19434883 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.12h):
18.
Post 20450894 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.15h):
Good morning Bitcoinland.
I see the price is correcting up nicely from this week's little dip... currently $2773USD (Bitcoinaverage) after briefly passing $2800.
After all the BIP91, BIP141, hardfork, BTC cash, and other panics in the last few weeks, we're basically back to where we were after the original correction following the ATH.
Maybe the market is getting calloused by all the angst and August won't be as big a jolt as some people think. I'd love to see a return to the slow steady growth that has largely characterized the past 2 years.
back up because everyone wants BCC,
19.
Post 20645193 (copy this link) (by Johnny00) (scraped on 2020-04-04_Sat_15.16h):
so then in November the third bitcoin will appear. People will do the same thing but i expect more holders this time.