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hyphymikey
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July 10, 2014, 10:14:03 PM |
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Were his funds not in cold storage? No. He even said his security wasn't all that great. Passwords in a plain text file that was in a dropbox, which the password to that dropbox was not changed after heartbleed. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Wary
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July 10, 2014, 10:14:45 PM |
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To everyone selling:
Thank you for selling me cheap coins. I was worried I would never be able to get coins this cheap again. We went down 5.5%, I'm sure we will crash all the way down to 350 now. Panic sell, probably your last chance to get your money out of this fake nerd money ponzi scheme. Bitcoin is dead.
To the whales:
Thank you for putting up huge sell walls every time the market tries to break upwards. You managed to prevent a breakout for over 12 hours yesterday as the price bumped its head into your walls. Now these idiots actually believe we are still in a bear market... I realize you all missed out on the SR auction, and now you want to buy in as cheaply as possible. It is flattering that you believe so much in bitcoin long term that you are willing to tank the market with your 100's of coins, just so you can buy more.
Nowadays a whale is the one who has hundreds of coins. In a year time I'll be a whale too, with my 10 coins!  100s of coins in NOT a whale. A whale is something like 5k BTC and up. That was then. It is now. |
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Patel
Legendary
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Activity: 1321
Merit: 1007
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July 10, 2014, 10:18:41 PM |
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Were his funds not in cold storage? No. He even said his security wasn't all that great. Passwords in a plain text file that was in a dropbox, which the password to that dropbox was not changed after heartbleed. wow.. thats rediculous. plaintext file on dropbox? he seems smarter than that. I have heard people getting their coins stolen on dropbox, people suspect it is dropbox workers who have access to those files. One would think his personal security tactics would be very strong to guard his fortune. but wow |
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wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
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July 10, 2014, 10:19:42 PM |
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To everyone selling:
Thank you for selling me cheap coins. I was worried I would never be able to get coins this cheap again. We went down 5.5%, I'm sure we will crash all the way down to 350 now. Panic sell, probably your last chance to get your money out of this fake nerd money ponzi scheme. Bitcoin is dead.
To the whales:
Thank you for putting up huge sell walls every time the market tries to break upwards. You managed to prevent a breakout for over 12 hours yesterday as the price bumped its head into your walls. Now these idiots actually believe we are still in a bear market... I realize you all missed out on the SR auction, and now you want to buy in as cheaply as possible. It is flattering that you believe so much in bitcoin long term that you are willing to tank the market with your 100's of coins, just so you can buy more.
Nowadays a whale is the one who has hundreds of coins. In a year time I'll be a whale too, with my 10 coins! 100s of coins in NOT a whale. A whale is something like 5k BTC and up. That was then. It is now. No that is now. If you think someone with ~$60k in Bitcoin invest is a whale you are delusional. Even someone with 5k BTC is a borderline whale. |
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wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
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July 10, 2014, 10:20:37 PM |
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So sad about Klee's lost  Do we now if the theft has dumped klee's 1170btc already? Could you link to the topic? |
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Wary
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July 10, 2014, 10:20:49 PM
Last edit: July 10, 2014, 10:35:40 PM by Wary |
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Were his funds not in cold storage? No. He even said his security wasn't all that great. Passwords in a plain text file that was in a dropbox, which the password to that dropbox was not changed after heartbleed. I'm terribly sorry for Klee, but it seems that bitcoin has to establish it's equivalent of Darvin's award. The first nominee should probably be Ross Ulbricht, with 144K on his laptop. Again, I'm sorry for them, but it is warning to all of us. Guys! Be vigilant! Assume your laptop is hacked! |
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Dotto
Legendary
Offline
Activity: 981
Merit: 1005
No maps for these territories
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July 10, 2014, 10:26:24 PM |
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In the meantime, price back to 620. Would you call this beartrap?
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Wary
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July 10, 2014, 10:32:32 PM |
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To everyone selling:
Thank you for selling me cheap coins. I was worried I would never be able to get coins this cheap again. We went down 5.5%, I'm sure we will crash all the way down to 350 now. Panic sell, probably your last chance to get your money out of this fake nerd money ponzi scheme. Bitcoin is dead.
To the whales:
Thank you for putting up huge sell walls every time the market tries to break upwards. You managed to prevent a breakout for over 12 hours yesterday as the price bumped its head into your walls. Now these idiots actually believe we are still in a bear market... I realize you all missed out on the SR auction, and now you want to buy in as cheaply as possible. It is flattering that you believe so much in bitcoin long term that you are willing to tank the market with your 100's of coins, just so you can buy more.
Nowadays a whale is the one who has hundreds of coins. In a year time I'll be a whale too, with my 10 coins! 100s of coins in NOT a whale. A whale is something like 5k BTC and up. That was then. It is now. No that is now. If you think someone with ~$60k in Bitcoin invest is a whale you are delusional. Even someone with 5k BTC is a borderline whale. OK. Probably you haven't noticed the smile. Next time I'm joking I'll put five smiles in a row, specially for you |
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hyphymikey
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July 10, 2014, 10:35:48 PM |
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So sad about Klee's lost Do we now if the theft has dumped klee's 1170btc already? Could you link to the topic? Most info is on that thread. They seem to think the 1170btc have been sold already. I guess they timed up the confirmations needed at stamp with the dump from earlier today. Although the coins might still be at the address, doesn't mean they weren't sold, just that bitstamp hasn't swept that address yet. |
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wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
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July 10, 2014, 10:49:20 PM |
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To everyone selling:
Thank you for selling me cheap coins. I was worried I would never be able to get coins this cheap again. We went down 5.5%, I'm sure we will crash all the way down to 350 now. Panic sell, probably your last chance to get your money out of this fake nerd money ponzi scheme. Bitcoin is dead.
To the whales:
Thank you for putting up huge sell walls every time the market tries to break upwards. You managed to prevent a breakout for over 12 hours yesterday as the price bumped its head into your walls. Now these idiots actually believe we are still in a bear market... I realize you all missed out on the SR auction, and now you want to buy in as cheaply as possible. It is flattering that you believe so much in bitcoin long term that you are willing to tank the market with your 100's of coins, just so you can buy more.
Nowadays a whale is the one who has hundreds of coins. In a year time I'll be a whale too, with my 10 coins! 100s of coins in NOT a whale. A whale is something like 5k BTC and up. That was then. It is now. No that is now. If you think someone with ~$60k in Bitcoin invest is a whale you are delusional. Even someone with 5k BTC is a borderline whale. OK. Probably you haven't noticed the smile. Next time I'm joking I'll put five smiles in a row, specially for you Cheers  |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 10, 2014, 11:00:24 PM |
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minerpumpkin
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July 10, 2014, 11:03:52 PM |
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Well at least that was some kind of quick recovery. I'd have thought that we might've been in for another drop back into the 500s. The asks at 620 and 625 are strong, though. I wonder whether they're real, but I guess they are. The current volume won't be able to break that resistance...
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Wary
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July 10, 2014, 11:06:56 PM |
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Cheers |
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Davyd05
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July 10, 2014, 11:12:20 PM |
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Well at least that was some kind of quick recovery. I'd have thought that we might've been in for another drop back into the 500s. The asks at 620 and 625 are strong, though. I wonder whether they're real, but I guess they are. The current volume won't be able to break that resistance...
I've been saying this since the earlier retest, we're in a lul of no volume dumping is easier at starting panic atm. We see someone buy up coins in a large bunch following most of these plays. Could just be accumulation plays prior to them reading a bubble forming opportunity. |
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ShameOnYou
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July 10, 2014, 11:17:41 PM |
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Damn, thought that 3800 CNY wall might hold on Huobi. There's just no buyers right now, no volume either way. Are we just gonna keep drifting down? I'll keep holding my bags.  |
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Newbie1022
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July 10, 2014, 11:40:48 PM |
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Damn, thought that 3800 CNY wall might hold on Huobi. There's just no buyers right now, no volume either way. Are we just gonna keep drifting down? I'll keep holding my bags. We might keep drifting down for a little while, but as a general rule I feel that these sell walls represent a buying opportunity. I say that because if I were honestly trying to unload coins rather than just manipulate the price then I'd do it piecemeal in several smaller bids so as to have as minimal an impact on prices as possible (and it is also quicker because you don't get front ran so much by panic sellers). So, unless these sell wall guys are complete idiots, there seems to be market manipulation. The manipulation has a downward, not an upward, impact on prices making coins cheaper in a way that they know and that enables accumulation (and even if some of their coins get bought out from them, there are still more people front-running their walls and other exchanges responding to the impact of the walls on the one exchange, for them to pick up more coins in small increments). Ergo, whenever I see these things I interpret it as a buying opportunity as the only reason why somebody would be doing it (absent it being government level manipulation which it doesn't appear to be... it would be thousands rather than hundreds of coins) is because they think the true valuation of the coin is higher than where they set the wall. Could they get dicked over doing this... perhaps, but not at this volume level. Anyhow, I am fairly new, but this strategy has yet to fail me over the past two months... I buy into these sell walls every chance I get. Thus, maybe I'd sell if I were you if you expect this to go on for a little while longer, but I'd have an eye towards jumping right back into the game soon. |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 11, 2014, 12:00:25 AM |
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lay785
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July 11, 2014, 12:08:33 AM |
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Damn, thought that 3800 CNY wall might hold on Huobi. There's just no buyers right now, no volume either way. Are we just gonna keep drifting down? I'll keep holding my bags. We might keep drifting down for a little while, but as a general rule I feel that these sell walls represent a buying opportunity. I say that because if I were honestly trying to unload coins rather than just manipulate the price then I'd do it piecemeal in several smaller bids so as to have as minimal an impact on prices as possible (and it is also quicker because you don't get front ran so much by panic sellers). So, unless these sell wall guys are complete idiots, there seems to be market manipulation. The manipulation has a downward, not an upward, impact on prices making coins cheaper in a way that they know and that enables accumulation (and even if some of their coins get bought out from them, there are still more people front-running their walls and other exchanges responding to the impact of the walls on the one exchange, for them to pick up more coins in small increments). Ergo, whenever I see these things I interpret it as a buying opportunity as the only reason why somebody would be doing it (absent it being government level manipulation which it doesn't appear to be... it would be thousands rather than hundreds of coins) is because they think the true valuation of the coin is higher than where they set the wall. Could they get dicked over doing this... perhaps, but not at this volume level. Anyhow, I am fairly new, but this strategy has yet to fail me over the past two months... I buy into these sell walls every chance I get. Thus, maybe I'd sell if I were you if you expect this to go on for a little while longer, but I'd have an eye towards jumping right back into the game soon. The longer they pull this off the more coins they can get at cheaper prices since many people are panicking. I guess this method is very successful at manipulating the market. Now if only some whale would come and demolish their wall... |
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hardhouseinc
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July 11, 2014, 12:11:31 AM |
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Were his funds not in cold storage? No. He even said his security wasn't all that great. Passwords in a plain text file that was in a dropbox, which the password to that dropbox was not changed after heartbleed. wow.. thats rediculous. plaintext file on dropbox? he seems smarter than that. I have heard people getting their coins stolen on dropbox, people suspect it is dropbox workers who have access to those files. One would think his personal security tactics would be very strong to guard his fortune. but wow I honestly think people with access to the dropbox cloud working there are "mining" through the data looking for BTC related files. I changed my password to a 30 char COMPLEX password after heartbleed and one day one of my wallets was suddenly drained. I completely forgot that I had an original backup of the wallet from long back saved in there from like super early days of starting BTC and I hadnt encrypted the wallet file. No one in the world had access to the files or wallet password besides that file I had totally forgot about, except dropbox. It was one of the few things I hadnt put into the truecrypt container unfortunatley. So yes, I have a feeling people working for dropbox are searching for .dat wallet files and text files with BTC related text. |
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Patel
Legendary
Offline
Activity: 1321
Merit: 1007
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July 11, 2014, 12:14:11 AM |
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Were his funds not in cold storage? No. He even said his security wasn't all that great. Passwords in a plain text file that was in a dropbox, which the password to that dropbox was not changed after heartbleed. wow.. thats rediculous. plaintext file on dropbox? he seems smarter than that. I have heard people getting their coins stolen on dropbox, people suspect it is dropbox workers who have access to those files. One would think his personal security tactics would be very strong to guard his fortune. but wow I honestly think people with access to the dropbox cloud working there are "mining" through the data looking for BTC related files. I changed my password to a 30 char COMPLEX password after heartbleed and one day one of my wallets was suddenly drained. I completely forgot that I had an original backup of the wallet from long back saved in there from like super early days of starting BTC and I hadnt encrypted the wallet file. No one in the world had access to the files or wallet password besides that file I had totally forgot about, except dropbox. It was one of the few things I hadnt put into the truecrypt container unfortunatley. So yes, I have a feeling people working for dropbox are searching for .dat wallet files and text files with BTC related text. how much did you lose? hope it wasn't alot, considering it was from early days |
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