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141  Economy / Speculation / Jan 18 FUD: PBoC: Investors should pay attention to the potential risks of the p on: January 18, 2017, 01:59:50 PM
https://twitter.com/cnLedger/status/821716566060343301

Preliminary inspection on OKCoin and Huobi showed that these platforms provided margin trading which violated rules, resulting in abnormal price fluctuations in the market.  During the inspection it has also been discovered that these platforms had not established sound anti-money laundry system according to regulations.
142  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 18, 2017, 12:46:46 AM
are we rich yet ??   Huh

143  Bitcoin / Electrum / Re: Simple way to secure THE Seed on: January 18, 2017, 12:09:35 AM
Also consider encryption like TrueCrypt, something Snowden has mentioned.
144  Bitcoin / Electrum / Re: Simple way to secure THE Seed on: January 15, 2017, 02:45:22 AM
I have said it several times that the most secure way to conserve the SEED is, at least for me:

Create a Gmail account and add 2FA via a SMS to your phone number needed each time you want to access it.

Start a Linux Live DVD- like Linux Mint and use the latest version of Libre office there, write down your seed in such document, add a strong password to it, than this password protected document add it to a rar file with a strong password also. Than upload this file to your Gmail account with 2FA enabled.

You can install Electrum in the Live session and then restore it in your PC after finishing saving and uploading the file to your Gmail. This is how I keep my seeds as I have different wallets.

The password to be strong enough like at least 16 characters and to make sense only to you and not contain dictionary words.

I do similar, however, I use PGP encryption then upload it to the cloud.  

Also, I memorized my seed... though not too sure how well I can remember it when I'm much older.
145  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 13, 2017, 04:43:24 PM

Hey, I've just noticed a pattern that this crash fits into, but it's only visible at very long range. (You need a big screen preferably to see this - pull the browser page out wide if you can to grow the image to full size. Sorry I couldn't get the pattern very visible at small scale).

This correction may not be as bearish as we think and seems to fall into a "family" of profit taking moves associated with the rise that started back around July 2015.

It appears that every 7-8 months (every 4-5 months earlier in the rise) there's a big profit take like this which always happens at the top of a spike when the market gets ahead of itself. (I call them "propellor corrections" because they look like an aircraft propellor from side on since the price corrects to about the same distance below the trend line as the 'overheat' got above it). All the same there's a longer, underlying trend where the upwards revaluation grows steadily steeper, even despite these crashes along the way.

When the pressure-relief gasket blows on these bubbles it always corrects to just below the top of the previous propellor pattern. Same every time but increasing in size. Then there's a period of consolidation, followed by a slow rise, then steep rise and another gasket-blow.

Each time the correction gets bigger, but it still seems to stick to the rule of dropping to just below the last spike so that the growth trend isn't broken. I now think I'm not the only one to have noticed this and that big players are actively trading this pattern, watching for the overheat-spike and knowing exactly when to profit take, driving that bubble into full temporary reverse with shorts for maximum profit. But they also must know how far to take it because the last spike gives the reference level.

This one was perfectly timed - 7 months exactly.

Judging by its size and perfectly placed timing, we could be in for a very big rise over the next 8 months if the long term trend continues because the vertical distance between each "overheat" phase increases each time by about 60% to 70%.

Just sayin. Context is everything Wink


like this chart. 

are we rich yet??
146  Bitcoin / Bitcoin Discussion / Re: generating a paper wallet on: January 12, 2017, 02:43:36 AM
This video should help...

Bitcoin 101 - Quindecillions & The Amazing Math Of Bitcoin's Private Keys

https://www.youtube.com/watch?v=ZloHVKk7DHk
147  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 11, 2017, 07:03:45 PM
Was bitfinex included in the raids? Dd it get off the hook because it's in Hong Kong?
Bitfinex NOT included in the raids.  The CSO Phil aka PGP was on Whalepool live chat this morning stating that they have no interests on mainland China.  HK is where the founder lives but the operations are unaffected.

Re: https://www.youtube.com/watch?v=X-jefy5iqvk
148  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 11, 2017, 03:23:38 PM
bitcoin, may it rest in pieces.

2009-2017 rip

149  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 11, 2017, 02:16:27 PM
is crypto done??  Huh

150  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 11, 2017, 11:26:03 AM
is crypto done??  Huh

151  Bitcoin / Legal / Re: Money laundering via BTC on: January 11, 2017, 02:57:49 AM
UK's HMT (Her Majesty's Treasury) did a report on potential avenues for money laundering.  Digital currencies were found to be the least likely method to finance terrorism or criminal risk.

Yes, possible but there are more mainstream and easier methods.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/468210/UK_NRA_October_2015_final_web.pdf
152  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 08, 2017, 01:48:04 AM
are we rich yet??  Huh

153  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 07, 2017, 01:56:51 AM
is crypto done??  Huh

154  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2017, 01:37:17 PM
is crypto done??  Huh

155  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2017, 07:36:50 PM
Gonna be dancing hard once it passes both the ATH & value of gold.  Grin

156  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2017, 02:01:10 AM
are we rich yet??   Huh


157  Bitcoin / Bitcoin Discussion / Swiss account holders will need a new store of value... on: January 02, 2017, 04:45:38 PM
Looks like the SWISS banking system will no longer be a tax haven from respective governments.

http://www.swissinfo.ch/eng/business/tax-evasion_swiss-say-goodbye-to-banking-secrecy-/42799134

Those with huge cash stores will need some other new store of value.

Wonder what that could be?  BTC
158  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 29, 2016, 02:23:48 PM
is crypto done??  Huh

159  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 28, 2016, 02:15:27 PM
oldie but goodie!

160  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: December 28, 2016, 01:56:41 PM
I am pretty confident we are the soon to be new wealthy elite, gentlemen.   Grin

Love this classic thread.
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