Newbie1022
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July 11, 2014, 12:21:50 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... I don't really mind if they hold the wall there or play these games for a while. It allows me to buy more than I would otherwise be able to. It's kind of groovy actually.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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hardhouseinc
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July 11, 2014, 12:30:17 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 Luckily only 0.8BTC. It really peeved me though because it was just another BTC scam to add to the never ending pile. Its tiresome trying to hide stuff in a way that isnt touchable by anything, then when I do connect the laptop to the internet for a transaction, I always worry someone MAY have access at that split second. To paranoid now. Ive moved to Armory wallet now and have my wallet on a laptop never connected to the internet and the wallet backups are on USB drives in my safe. Im still worried one day Ill see the wallet drained. It seems like there is never enough you can do now to keep you BTC safe. There is always another scam around the corner now.
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ChartBuddy
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July 11, 2014, 01:00:25 AM |
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smoothie
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LEALANA Bitcoin Grim Reaper
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July 11, 2014, 01:03:25 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 Luckily only 0.8BTC. It really peeved me though because it was just another BTC scam to add to the never ending pile. Its tiresome trying to hide stuff in a way that isnt touchable by anything, then when I do connect the laptop to the internet for a transaction, I always worry someone MAY have access at that split second. To paranoid now. Ive moved to Armory wallet now and have my wallet on a laptop never connected to the internet and the wallet backups are on USB drives in my safe. Im still worried one day Ill see the wallet drained. It seems like there is never enough you can do now to keep you BTC safe. There is always another scam around the corner now. Well that depends on if you are sending your bitcoin to a 3rd party. That is very risky. Trusting anyone besides yourself is an accident waiting to happen.
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kodtycoon
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Merit: 1002
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July 11, 2014, 01:17:30 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 Luckily only 0.8BTC. It really peeved me though because it was just another BTC scam to add to the never ending pile. Its tiresome trying to hide stuff in a way that isnt touchable by anything, then when I do connect the laptop to the internet for a transaction, I always worry someone MAY have access at that split second. To paranoid now. Ive moved to Armory wallet now and have my wallet on a laptop never connected to the internet and the wallet backups are on USB drives in my safe. Im still worried one day Ill see the wallet drained. It seems like there is never enough you can do now to keep you BTC safe. There is always another scam around the corner now. Well that depends on if you are sending your bitcoin to a 3rd party. That is very risky. Trusting anyone besides yourself is an accident waiting to happen. the first totally decentralized trustless crypto currency exchange platform will be released very soon so that will eliminate third party exchange scams and hacks.
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ChartBuddy
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July 11, 2014, 02:00:24 AM |
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ChartBuddy
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July 11, 2014, 03:00:24 AM |
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nioc
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July 11, 2014, 03:39:48 AM |
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I was told that btc was supposed to training by now. I need fiat.
Just spent 2 hrs trying to find where I put my silver. Found it. Guess I'll sell that.
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ChartBuddy
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July 11, 2014, 04:00:24 AM |
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ChartBuddy
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July 11, 2014, 05:00:24 AM |
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aminorex
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Sine secretum non libertas
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July 11, 2014, 05:50:37 AM |
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I was told that btc was supposed to training by now. I need fiat.
Just spent 2 hrs trying to find where I put my silver. Found it. Guess I'll sell that.
There is a chance BTC may not appreciate substantially until the next liquidity event (COIN listing would be the big candidate). It is still too hard for any but the brave or foolish to deal in substantial quantities of BTC. That is clearly but slowly changing. You have to be holding it to participate in the inevitable moonshine. If you are not a holder, you may end up chasing it up into the bubblicious atmosphere -- not a good thing. Silver has had a nice run and may pull back a bit before it runs some more. (It may have another month or so to run before a major swing down, but the momentum is likely to wane here.) If I had to sell one of the two, I would sell the silver, without a doubt. The risk of missing a major upward movement is much less in silver. What I definitely would not sell today is crude oil. I am a buyer, right here, right now. The setup is extremely good for a bullish swing turn in oil, and should rise for at least 2 weeks, I think. Any timing calls expressed here represent monkey logic, solely and exclusively. I don't yet know why the monkey says what he does, but I think I at least understand what he is saying, after almost a year of real-time decoding.
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ChartBuddy
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July 11, 2014, 06:00:25 AM |
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ChartBuddy
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July 11, 2014, 07:00:23 AM |
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ChartBuddy
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July 11, 2014, 08:00:24 AM |
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sickpig
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July 11, 2014, 08:01:15 AM |
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(for brevity I've cut a lot of wisdom and useful stories) the first totally decentralized trustless crypto currency exchange platform will be released very soon so that will eliminate third party exchange scams and hacks.
since this is the holy grail of crypto currencies, care to share any links/sources?
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Parazyd
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July 11, 2014, 08:03:02 AM |
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Can't go through 620... (for brevity I've cut a lot of wisdom and useful stories) the first totally decentralized trustless crypto currency exchange platform will be released very soon so that will eliminate third party exchange scams and hacks.
since this is the holy grail of crypto currencies, care to share any links/sources? It's just another scamcoin we don't need.
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sickpig
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July 11, 2014, 08:07:06 AM |
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3 in a row
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Parazyd
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July 11, 2014, 08:08:40 AM |
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3 in a row LOL yeah, I didn't even notice it. Two really quiet hours on the thread. Doesn't happen often
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Krabby
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https://primedao.eth.link/#/
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July 11, 2014, 08:09:19 AM |
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3 in a row I was waiting for 4.
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Wary
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July 11, 2014, 08:38:39 AM |
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3 in a row Feels like one year ago: https://bitcointalk.org/index.php?topic=178336.msg2720604#msg2720604 : Hey ChartBuddy, how you doing ? Doesn't seem to be anyone else around toady, so how about you and me just chill for a while hey ? Get to know each other a little better ... its' been a while since I hung out with a 3D chart - you may be able to give me a different perspective on things. I think a few people are feeling a little down today, but don't let them lay it on you ...
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