The Bubbly Bitcoin Thread -- Merged Threads

[MonsieurCopperCrutch]

 

[Jonesy74]

2 hours ago, MonsieurCopperCrutch said:

3 weeks ago you could buy a Bitcoin at $39,000.

As I said above, we are running out of Bitcoin. 

Don't panic. If we run out I'll sell some for $1M each if anyone needs any.

[MonsieurCopperCrutch]

The Bitcoin ETF's are now hovering up over 14x the daily issuance of Bitcoin. Christ on a bike. 

 

[markyh]

7 hours ago, MonsieurCopperCrutch said:

The Bitcoin ETF's are now hovering up over 14x the daily issuance of Bitcoin. Christ on a bike. 

 

Eventually they will run out of OTC sellers, and have to buy on the open market. 

[Huggy]

And there goes £40k

With the halving event exoected in 2 months, this year looks to be an interesting one in the crypto space. The excitement doesn't stop there with potential early retirement in 2025 if it 🚀 to the 🌛

[Guest Stud]

On 12/02/2024 at 19:19, MonsieurCopperCrutch said:

3 weeks ago you could buy a Bitcoin at $39,000.

As I said above, we are running out of Bitcoin. 

So why did you SELL such a PRECIOUS ASSET only a few weeks ago ...🤡🤡💩💩😂😂🤣😂

[Bear Necessities]

Hmmm, do I buy another couple now, or will there be another substantial dip on the way up.  

[Jonesy74]

3 hours ago, stud said:

So why did you SELL such a PRECIOUS ASSET only a few weeks ago ...🤡🤡💩💩😂😂🤣😂

I think he has enough. How many do you have? 😂🤣🤡

[Guest Stud]

31 minutes ago, dannyf said:

I think he has enough. How many do you have? 😂🤣🤡

I've got THE BALKAN  DWARF ....DONALD TRUMP 2.0 ....CHONKY .....&   little bit of PONKE FORK ....I leave the BITBOLL*X for the 🤡 to go to MARS With ELON With ....👍🙏🤡🤡💩💩😂😂🤣🤣

[wighty]

52 minutes ago, stud said:

I've got THE BALKAN  DWARF ....DONALD TRUMP 2.0 ....CHONKY .....&   little bit of PONKE FORK ....I leave the BITBOLL*X for the 🤡 to go to MARS With ELON With ....👍🙏🤡🤡💩💩😂😂🤣🤣

Par for the course for you guys.

[MonsieurCopperCrutch]

8 hours ago, stud said:

So why did you SELL such a PRECIOUS ASSET only a few weeks ago ...🤡🤡💩💩😂😂🤣😂

Because I’ve got more than enough. Please don’t worry about me Mr Stud. 🤣🤣🤣🤣

[MonsieurCopperCrutch]

I’ll never forget the day that I first bought Bitcoin and Dollar Cost Averaged for years, peak and trough. Every day it rises and every time I decide to cash out a portion it is just payback time for my god damn foresight, intelligence, and belief in a future with a new decentralised monetary system that has been built for one and all. You and your pension funds will always follow behind me. A trailblazer of freedom and opportunity. 
 

That is it. That’s the post. 

[Guest Stud]

6 hours ago, MonsieurCopperCrutch said:

Because I’ve got more than enough. Please don’t worry about me Mr Stud. 🤣🤣🤣🤣

I worry for YOU Monsieur crotchless ...you've gone from SATOSHI NAKAMOTO to worthless paper after EXHAUSTIVELY stating that Satoshi and his BITBOLL*X was taking you to the moon ....I just hope that SATOSHI is just ....🤡🤡💩💩😂😂🤣🤣

[Guest Stud]

3 hours ago, MonsieurCopperCrutch said:

I’ll never forget the day that I first bought Bitcoin and Dollar Cost Averaged for years, peak and trough. Every day it rises and every time I decide to cash out a portion it is just payback time for my god damn foresight, intelligence, and belief in a future with a new decentralised monetary system that has been built for one and all. You and your pension funds will always follow behind me. A trailblazer of freedom and opportunity. 
 

That is it. That’s the post. 

Who wrote that  Athos, Porthos , Aramis or D'artagnan .....🤡🤡💩💩😂😂🤣😂

[Jonesy74]

On 15/02/2024 at 09:06, stud said:

I've got THE BALKAN  DWARF ....DONALD TRUMP 2.0 ....CHONKY .....&   little bit of PONKE FORK ....I leave the BITBOLL*X for the 🤡 to go to MARS With ELON With ....👍🙏🤡🤡💩💩😂😂🤣🤣

I want to join you as soon as there's an ETF for these. When traditional finance finally realises BALKAN DWARF is an unstoppable inevitable part of finance, I want to get involved. Can you keep me posted?

[Jonesy74]

Came close to losing/thinking I'd lost my self custody bitcoin in two different wallets today. Luckily I'm good (despite my stupidity). But just a reminder to check regularly and not take anything for granted.

[markyh]

On 18/02/2024 at 03:58, dannyf said:

Came close to losing/thinking I'd lost my self custody bitcoin in two different wallets today. Luckily I'm good (despite my stupidity). But just a reminder to check regularly and not take anything for granted.

Care to elaborate?  Mine are all on a Ledger Nano S, seed phase not on digital form in two halfs in separate secure places.  I know the public addresses and just look on the blockchain from time to time. I haven't used the Ledger for well over a year in a PC. 

[MonsieurCopperCrutch]

On 2/18/2024 at 4:58 AM, dannyf said:

Came close to losing/thinking I'd lost my self custody bitcoin in two different wallets today. Luckily I'm good (despite my stupidity). But just a reminder to check regularly and not take anything for granted.

Interesting. What happened?

Definitely always do periodic checks over your self custody process and hardware. 

 

[MonsieurCopperCrutch]

I don’t know when this is going to slow down but we only have a couple million Bitcoin left to mint over the next 100 years. 
 

Faces will melt at the price we are going to reach. Get off zero is my humble advice. 
 

 

[Jonesy74]

On 19/02/2024 at 14:57, markyh said:

Care to elaborate?  Mine are all on a Ledger Nano S, seed phase not on digital form in two halfs in separate secure places.  I know the public addresses and just look on the blockchain from time to time. I haven't used the Ledger for well over a year in a PC. 

11 hours ago, MonsieurCopperCrutch said:

Interesting. What happened?

Definitely always do periodic checks over your self custody process and hardware. 

I have a very old offline armory wallet on a usb stick with an encrypted file system. Even though I know the wallet password I’ve somehow forgotten the file system password. I’ve been using this since 2013 so I’ve no idea how I’ve just forgotten it. Maybe it’ll come back to me. Cue a mad panic looking for the paper backup which wasn’t where it was supposed to be but I eventually found.

Then I thought time to consolidate onto the ledger. But first, let me double check my backup words for that before transferring there. Which failed 3 times because I’d put the words in an obfuscated order because I’m just that daft. Was panicking the device would fail, a button break or something before I confirmed it, but finally on the 4th try I confirmed all was ok.

So I wasn’t actually at risk, I had the backups, just a panic and me making things overly complicated

[sackot]

13 hours ago, dannyf said:

I have a very old offline armory wallet on a usb stick with an encrypted file system. Even though I know the wallet password I’ve somehow forgotten the file system password. I’ve been using this since 2013 so I’ve no idea how I’ve just forgotten it. Maybe it’ll come back to me. Cue a mad panic looking for the paper backup which wasn’t where it was supposed to be but I eventually found.

Then I thought time to consolidate onto the ledger. But first, let me double check my backup words for that before transferring there. Which failed 3 times because I’d put the words in an obfuscated order because I’m just that daft. Was panicking the device would fail, a button break or something before I confirmed it, but finally on the 4th try I confirmed all was ok.

So I wasn’t actually at risk, I had the backups, just a panic and me making things overly complicated

>I have a very old offline armory wallet on a usb stick with an encrypted file system

Snap, and I still think Armory was the best wallet at the time and is still good now. I'd not be in any hurry to move away. The only problem is that it predated/foreshadowed bip32/39, so the backups are not compatible with modern wallets. That means that if ever things moved on to the point you could not run the online half of an online/offline Armory pair, you could be stuck.

I may move to hardware, but would not go with one alone, it would be multisig with different vendors. That way, if Ledger were compromised in some way, you'd still be safe.  Sorting out your seed storage would be vital, though. I'm thinking of following the stamping on stainless trend for fire/flood resistance, but also using a bip39 password so that someone finding your backup still needs something else. For myself, I'm old enough that estate planning matters too.

I now have a pile of DIY wallets (Seedsigner, DIY Jade, Specter now operational, Krux on order) and will play a lot before I'm ready to rely on any.

I noticed that a specialist in wallet recovery attempts says that more people lose their coins by messing up seed storage than to wallet hacks or exploits, but I would still lose sleep with a single hardware wallet: Ledger, for example, emphasized that your wallet is only as safe as the firmware you put on it by introducing a method to extract the seed and send it to third parties for safe storage! Even 2/2 multisig greatly reduces that risk.

[Lagarde's Drift]

5 hours ago, sackot said:

>I have a very old offline armory wallet on a usb stick with an encrypted file system

Snap, and I still think Armory was the best wallet at the time and is still good now. I'd not be in any hurry to move away. The only problem is that it predated/foreshadowed bip32/39, so the backups are not compatible with modern wallets. That means that if ever things moved on to the point you could not run the online half of an online/offline Armory pair, you could be stuck.

I may move to hardware, but would not go with one alone, it would be multisig with different vendors. That way, if Ledger were compromised in some way, you'd still be safe.  Sorting out your seed storage would be vital, though. I'm thinking of following the stamping on stainless trend for fire/flood resistance, but also using a bip39 password so that someone finding your backup still needs something else. For myself, I'm old enough that estate planning matters too.

I now have a pile of DIY wallets (Seedsigner, DIY Jade, Specter now operational, Krux on order) and will play a lot before I'm ready to rely on any.

I noticed that a specialist in wallet recovery attempts says that more people lose their coins by messing up seed storage than to wallet hacks or exploits, but I would still lose sleep with a single hardware wallet: Ledger, for example, emphasized that your wallet is only as safe as the firmware you put on it by introducing a method to extract the seed and send it to third parties for safe storage! Even 2/2 multisig greatly reduces that risk.

Somewhat inconsistent. Most cockups are indeed seed storage methods so you advise complicating matters with multisig? 

Much better to mitigate firmware through an air gapped open source wallet.

[Jonesy74]

8 hours ago, sackot said:

>I have a very old offline armory wallet on a usb stick with an encrypted file system

Snap, and I still think Armory was the best wallet at the time and is still good now. I'd not be in any hurry to move away. The only problem is that it predated/foreshadowed bip32/39, so the backups are not compatible with modern wallets. That means that if ever things moved on to the point you could not run the online half of an online/offline Armory pair, you could be stuck.

I may move to hardware, but would not go with one alone, it would be multisig with different vendors. That way, if Ledger were compromised in some way, you'd still be safe.  Sorting out your seed storage would be vital, though. I'm thinking of following the stamping on stainless trend for fire/flood resistance, but also using a bip39 password so that someone finding your backup still needs something else. For myself, I'm old enough that estate planning matters too.

I now have a pile of DIY wallets (Seedsigner, DIY Jade, Specter now operational, Krux on order) and will play a lot before I'm ready to rely on any.

I noticed that a specialist in wallet recovery attempts says that more people lose their coins by messing up seed storage than to wallet hacks or exploits, but I would still lose sleep with a single hardware wallet: Ledger, for example, emphasized that your wallet is only as safe as the firmware you put on it by introducing a method to extract the seed and send it to third parties for safe storage! Even 2/2 multisig greatly reduces that risk.

Armory served me well, but like you say, I'm wary of lack of support in future. It seems to be a lone developer and new releases are few and far between. My offline part of it is quite a lot older than my online part and I'm wary to upgrade it, but it doesn't support some of the new transaction formats.

I think I will consolidate on the Ledger nano rather than risk complicated multisig options, especially after my stress levels the other day. I do have a fire/flood resistant backup for that. I know there's the firmware risk and the backlash about that recent feature that exports the private keys, but I'm hoping if I avoid those features and rarely actually connect the hardware I'll be safe enough.

[markyh]

7 hours ago, dannyf said:

and the backlash about that recent feature that exports the private keys, 

??  Really, on the Ledger. I i did hear about this i have forgotten. 

[Jonesy74]

11 hours ago, markyh said:

??  Really, on the Ledger. I i did hear about this i have forgotten. 

https://techcrunch.com/2023/05/18/turns-out-ledger-can-hold-some-of-your-crypto-wallets-keys-if-you-agree-to-it/

Its probably not a concern if you don’t use the feature but a bit of a shock it can export the private keys, when the assumption from the start was that that was impossible