Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[JorgeStolfi]

Sorry for the delay, was on a different box

Thanks!

[dreamspark]

if you guys really think ETH is overpriced you can actually short sell it on Kraken... good Luck

Dont worry I plan to short the shit out of it once all the coins are on exchanges etc. There's a weird 24 hour period atm where the devs are asking to wait 24h for confirmations to be confirmed so most exchanges aren't trading it yet. Trust me when the market is operating properly it will crash.

Oh yeah, anyone who followed this one after the 24 hour period was up should have managed to short at around 0.008 on karken and made a nice 3x on this move... But yeah I guess I don't know what I'm taking about...

[gentlemand]

Oh yeah, anyone who followed this one after the 24 hour period was up should have managed to short at around 0.008 on karken and made a nice 3x on this move... But yeah I guess I don't know what I'm taking about...

Hyped IPO Bitcoin killer with murky premine and massively restricted supply in price plunge shocker when it actually trades.

[BitofaN1]

Bearwhale squeezed quite a few longs, but only 2400 coins to 278. We'll hit that on monday, easy.

[White sugar]

wtf caused this dump?

[Fatman3001]

Oh yeah, anyone who followed this one after the 24 hour period was up should have managed to short at around 0.008 on karken and made a nice 3x on this move... But yeah I guess I don't know what I'm taking about...

Hyped IPO Bitcoin killer with murky premine and massively restricted supply in price plunge shocker when it actually trades.

...let me just...

(1) Hyped IPO Bitcoin killer
(2) with murky premine
(3) and massively restricted supply
(4) in price plunge shocker when it actually trades.

Ok,

1. It was never intended to compete with Bitcoin.
2. The premine is recorded on the Bitcoin Blockchain
3. Compared to what?
4. For some traders perhaps, but not if you know anything about the technology and its purpose.

Keep an eye out for ethereum. It might become Bitcoins killer app.

[Elwar]

If you're using a brainwallet, move your coins - NOW!

Your passphrase is not as strong as you think it is.

Wow, JorgeStolfi actually has some sound advice finally.

It's not that your passphrase isn't awesome, but most websites and logins that have a password cannot be hacked because it is difficult to determine that password due to restrictions on repetitive guesses. When I graduated college in 1997 I wrote a quick program to guess passwords by a simple changing of letters in a large string of characters just to see how easy it was to figure out my own password. A quick program at the processing power of the time took less than 30 minutes for a seemingly strong password. Back in that day you could continually try passwords no problem, the server would not kick you out. As I am not a hacker, that's about the furthest I went into the hacking world.

With brain wallets there is no server side prevention for guessing as many times as you want to guess your pass phrase. If it is not more complicated than a private key, it will be guessed.

[EternalWingsofGod]

If you're using a brainwallet, move your coins - NOW!

Your passphrase is not as strong as you think it is.

A brainwallet cracker, people will learn the hard way if their password is strong enough
It also will be a hobby for those who want to gamble for a large payday reward.

[Meuh6879]

HD Wallet is based on 12-13 words ... so ... i don't see the point of the leak (or exploit).

[billyjoeallen]

wtf caused this dump?

descending triangle pattern. it was pretty obvious when the cup and handle failed to complete.

[Alley]

Volume wasn't even that high really for a 4% drop.

[readysalted89]

If you're using a brainwallet, move your coins - NOW!

Your passphrase is not as strong as you think it is.

Wow, JorgeStolfi actually has some sound advice finally.

It's not that your passphrase isn't awesome, but most websites and logins that have a password cannot be hacked because it is difficult to determine that password due to restrictions on repetitive guesses. When I graduated college in 1997 I wrote a quick program to guess passwords by a simple changing of letters in a large string of characters just to see how easy it was to figure out my own password. A quick program at the processing power of the time took less than 30 minutes for a seemingly strong password. Back in that day you could continually try passwords no problem, the server would not kick you out. As I am not a hacker, that's about the furthest I went into the hacking world.

With brain wallets there is no server side prevention for guessing as many times as you want to guess your pass phrase. If it is not more complicated than a private key, it will be guessed.

Gizmodo published the top 25 passwords of 2015 and how much their ranking had changed from 2014. The top one for both 2015 and 2014 is "123456" and number two is "password". Easily memorable (and guessable) passwords are inevitable because anything strong is impossible to remember. How many brain wallets use these awful passwords?

http://gizmodo.com/the-25-most-popular-passwords-of-2014-were-all-doomed-1680596951

1. 123456 (Unchanged)

2. password (Unchanged)

3. 12345 (Up 17)

4. 12345678 (Down 1)

5. qwerty (Down 1)

6. 123456789 (Unchanged)

7. 1234 (Up 9)

8. baseball (New)

9. dragon (New)

10. football (New)

11. 1234567 (Down 4)

12. monkey (Up 5)

13. letmein (Up 1)

14. abc123 (Down 9)

15. 111111 (Down 8 )

16.mustang (New)

17. access (New)

18. shadow (Unchanged)

19. master (New)

20. michael (New)

21. superman (New)

22. 696969 (New)

23. 123123 (Down 12)

24. batman (New)

25. trustno1 (Down 1)

[billyjoeallen]

Volume wasn't even that high really for a 4% drop.

What makes you think it's over? The Chinese haven't even awakened yet, and a huge storm is rocking China, Taiwan, and Hong Kong and could prevent funds from getting to the exchanges for days.

it's gonna go down another 3 percent.  One thing's for sure: whoever catches the bottom will make some quick money on the bounce.

[dreamspark]

Volume wasn't even that high really for a 4% drop.

What makes you think it's over? The Chinese haven't even awakened yet, and a huge storm is rocking China, Taiwan, and Hong Kong and could prevent funds from getting to the exchanges for days.

it's gonna go down another 3 percent.  One thing's for sure: whoever catches the bottom will make some quick money on the bounce.

Someone gets it.

Bitcoin always has two legs down.

Same as during a run up it always has a top and then a lower top before going down. Even if you can't trade on ta. This simply makes money 9/10 times.

[Alley]

If price doesn't go over 300 by the halving i think most people will start to sell and give up.  A ton of mining farms will also go under.

[redsn0w]

If price doesn't go over 300 by the halving i think most people will start to sell and give up.  A ton of mining farms will also go under.

This is obvious, if the price will not be more high than now ... the miners will shut down their 'asic' hardware.

[White sugar]

HD Wallet is based on 12-13 words ... so ... i don't see the point of the leak (or exploit).

if they are worlds that can be found in the dictionary, there no need to be an expert to see why it is not as strong as one might expect

[nioc]

If you're using a brainwallet, move your coins - NOW!

Your passphrase is not as strong as you think it is.

Wow, JorgeStolfi actually has some sound advice finally.

It's not that your passphrase isn't awesome, but most websites and logins that have a password cannot be hacked because it is difficult to determine that password due to restrictions on repetitive guesses. When I graduated college in 1997 I wrote a quick program to guess passwords by a simple changing of letters in a large string of characters just to see how easy it was to figure out my own password. A quick program at the processing power of the time took less than 30 minutes for a seemingly strong password. Back in that day you could continually try passwords no problem, the server would not kick you out. As I am not a hacker, that's about the furthest I went into the hacking world.

With brain wallets there is no server side prevention for guessing as many times as you want to guess your pass phrase. If it is not more complicated than a private key, it will be guessed.

Gizmodo published the top 25 passwords of 2015 and how much their ranking had changed from 2014. The top one for both 2015 and 2014 is "123456" and number two is "password". Easily memorable (and guessable) passwords are inevitable because anything strong is impossible to remember. How many brain wallets use these awful passwords?

http://gizmodo.com/the-25-most-popular-passwords-of-2014-were-all-doomed-1680596951

Impossible to remember?  I'm old and my memory ain't what it used to be but...

My passwords are created from the diceware method and are each 7 words long.  I have 4 of them memorized for 4 separate wallets.  Supposedly they are unhackable even when letting you know how I created them and their length.  In addition MyMonero creates a 13 word seed used for logging in and that is memorized as well.

Thousands of years ago before books were printed in any quantity, people would memorize an entire book so that they could share it with others.

Impossible to remember?  Don't tell me that you young whipper snapper!

[Fatman3001]

https://www.youtube.com/watch?v=_kpyhzj5_BA

https://www.youtube.com/watch?v=uWi7zQQzdKY

https://www.youtube.com/watch?v=6DF66BdoW1U

https://www.youtube.com/watch?v=t1DWBKk5xHQ

[dreamspark]

Impossible to remember?  I'm old and my memory ain't what it used to be but...

My passwords are created from the diceware method and are each 7 words long.  I have 4 of them memorized for 4 separate wallets.  Supposedly they are unhackable even when letting you know how I created them and their length.  In addition MyMonero creates a 13 word seed used for logging in and that is memorized as well.

Thousands of years ago before books were printed in any quantity, people would memorize an entire book so that they could share it with others.

Impossible to remember?  Don't tell me that you young whipper snapper!

and if you get hit by a bus?

I do hope your seeds don't exist solely in memory and you have back ups of them somewhere for either yourself or your next of kin to access.