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

[bones261]

Someone, early this morning, while I was sleeping, hacked into my main e-mail account. They then proceeded to change the password on my Gmail account, which tipped me off, by sending me a text. After I changed the password back on my main e-mail account, it had an e-mail with a code to change the password on my Facebook account too. I then learned that they changed the passwords on my Coinbase, my Bittrex and My Poloniex account. Fortunately, I have 2fa activated on all of them, so they didn't get shit. I guess the lesson learned is that I should use a different e-mail for each and every one of my online accounts. What a fucking pain in the ass.  

How did they change your password on coinbase, bittrex and poloniex if you have 2FA enabled? Or you have it only for withdrawls?

ANyways, good to hear it didn't have bigger consequences.

You can reset the password without doing the 2fa. They just need the e-mail that you use. Just not get into the account afterword.

I lost some bitcoins in February due to e-mail hacking and phone porting, and funny that hackers may not know how many coins that you have, and from rumors, here, bones, you have claimed to be pretty poor in your bitcoin holdings - yet hackers do not necessarily know that.

So there are a few ways that we can become vulnerable, and the hackers are considering different ways to enter into accounts that have lesser levels of security... needless to say that I had taken several measures to improve my security, and I had some further attempts, but so far, none of the hacking attempts had been successful after February.. and I am not ruling out techniques that could be employed by hackers to break into account, so security continues to be an evolving question and something that we want to keep abreast of, and even while life happens, we do not want to create so much security or to end up losing our own access to our account that might not even had been caused by a hacker.

Locking myself out makes me more paranoid than hackers to be honest.

Locking myself out used to be a concern of mine too. So I would never do the 2FA. What turned me off to 2FA was way back in the Paycoin scam. I was using Authy and somehow, GAW let something expire so I couldn't get the Authy to work to access their page to collect my meager 5 XPY. I eventually did figure out how to get it to work with Google Authenticator. After that, I never bothered. However, this year, as my meager holdings gained more value, I began to start using the 2FA again. My holdings may not be worth much, but it would be rather difficult to shrug off a theft of them. Even .005 BTC would smart.

[Rosewater Foundation]

As soon as the alts start to ease the tide will swing back to Bitcoin. But it will be a flood.

Same as it ever was.

[gentlemand]

It'd take at least another doubling for me to start thinking about quitting my day job. And stranger things have happened.

Wanna get there faster? Other investors will HATE you - http://yetanotherico.com/TokenAntelope.ai/First-solidty-powered-crypto-currency-for-furure-travelling-opportunities

[somac.]

As soon as the alts start to ease the tide will swing back to Bitcoin. But it will be a flood.

Same as it ever was.

Let's hope that tide swings back soon.

[LewisPirenne]

Thats also my plan.

All this has a bittersweet taste for me;  because I got into bitcoin just 1 week before i registered here..
more than 6 years since that time when i got my first coins,and  almost everything got wrong..    

but im still kicking and hoping for better times  

Ouch, I think some people here, like Arklan, also started in 2011 and supposedly end up with barely anything.  But like Rosewater said, if Andreas Antonopoulos can end up with almost no bitcoin and only recently become debt free, then any bitcoiners can end up making wrong calls that eventually see most of their paper wealth evaporate (and that includes even the current semi-billionaire such as Roger Ver).

[BTCMILLIONAIRE]

It'd take at least another doubling for me to start thinking about quitting my day job. And stranger things have happened.

Wanna get there faster? Other investors will HATE you - http://yetanotherico.com/TokenAntelope.ai/First-solidty-powered-crypto-currency-for-furure-travelling-opportunities

It even has the typos... what attention to detail, wow.

Locking myself out makes me more paranoid than hackers to be honest.

Locking myself out used to be a concern of mine too. So I would never do the 2FA. What turned me off to 2FA was way back in the Paycoin scam. I was using Authy and somehow, GAW let something expire so I couldn't get the Authy to work to access their page to collect my meager 5 XPY. I eventually did figure out how to get it to work with Google Authenticator. After that, I never bothered. However, this year, as my meager holdings gained more value, I began to start using the 2FA again. My holdings may not be worth much, but it would be rather difficult to shrug off a theft of them. Even .005 BTC would smart.

I'm using Google's 2FA, but the amount of passwords and accounts that I use is getting out of hand as well. Damn limits.

[nikauforest]

As soon as the alts start to ease the tide will swing back to Bitcoin. But it will be a flood.

Same as it ever was.

Let's hope that tide swings back soon.

Bitcoin Dominance compared to all cryptos is in a bear market. There is a firm downtrend line.

[BTCMILLIONAIRE]

Thats also my plan.

All this has a bittersweet taste for me;  because I got into bitcoin just 1 week before i registered here..
more than 6 years since that time when i got my first coins,and  almost everything got wrong..    

but im still kicking and hoping for better times  

Ouch, I think some people here, like Arklan, also started in 2011 and supposedly end up with barely anything.  But like Rosewater said, if Andreas Antonopoulos can end up with almost no bitcoin and only recently become debt free, then any bitcoiners can end up making wrong calls that eventually see most of their paper wealth to evaporate (and that includes even the current semi-billionaire such as Roger Ver).

How do you wipe out your paper money? Did he not keep enough to maintain his lifestyle stashed away in secure assets and went on a reckless spending spree?

[Rosewater Foundation]

It'd take at least another doubling for me to start thinking about quitting my day job. And stranger things have happened.

Wanna get there faster? Other investors will HATE you - http://yetanotherico.com/TokenAntelope.ai/First-solidty-powered-crypto-currency-for-furure-travelling-opportunities

Time travel in crypto-affluence.

[arklan]

Thats also my plan.

All this has a bittersweet taste for me;  because I got into bitcoin just 1 week before i registered here..
more than 6 years since that time when i got my first coins,and  almost everything got wrong..    

but im still kicking and hoping for better times  

Ouch, I think some people here, like Arklan, also started in 2011 and supposedly end up with barely anything.  But like Rosewater said, if Andreas Antonopoulos can end up with almost no bitcoin and only recently become debt free, then any bitcoiners can end up making wrong calls that eventually see most of their paper wealth to evaporate (and that includes even the current semi-billionaire such as Roger Ver).

How do you wipe out your paper money? Did he not keep enough to maintain his lifestyle stashed away in secure assets and went on a reckless spending spree?

in my case, longterm under/unemployment and selling my btc before the 2013 spike... and lots of dumb choices.

[BTCMILLIONAIRE]

Thats also my plan.

All this has a bittersweet taste for me;  because I got into bitcoin just 1 week before i registered here..
more than 6 years since that time when i got my first coins,and  almost everything got wrong..    

but im still kicking and hoping for better times  

Ouch, I think some people here, like Arklan, also started in 2011 and supposedly end up with barely anything.  But like Rosewater said, if Andreas Antonopoulos can end up with almost no bitcoin and only recently become debt free, then any bitcoiners can end up making wrong calls that eventually see most of their paper wealth to evaporate (and that includes even the current semi-billionaire such as Roger Ver).

How do you wipe out your paper money? Did he not keep enough to maintain his lifestyle stashed away in secure assets and went on a reckless spending spree?

in my case, longterm under/unemployment and selling my btc before the 2013 spike... and lots of dumb choices.

Ah I see, tough luck. Hope things are better now at least.

[afbitcoins]

As soon as the alts start to ease the tide will swing back to Bitcoin. But it will be a flood.

Same as it ever was.

Let's hope that tide swings back soon.

Bitcoin Dominance compared to all cryptos is in a bear market. There is a firm downtrend line.

Image?

Thats also my plan.

All this has a bittersweet taste for me;  because I got into bitcoin just 1 week before i registered here..
more than 6 years since that time when i got my first coins,and  almost everything got wrong..    

but im still kicking and hoping for better times  

Ouch, I think some people here, like Arklan, also started in 2011 and supposedly end up with barely anything.  But like Rosewater said, if Andreas Antonopoulos can end up with almost no bitcoin and only recently become debt free, then any bitcoiners can end up making wrong calls that eventually see most of their paper wealth to evaporate (and that includes even the current semi-billionaire such as Roger Ver).

How do you wipe out your paper money? Did he not keep enough to maintain his lifestyle stashed away in secure assets and went on a reckless spending spree?

in my case, longterm under/unemployment and selling my btc before the 2013 spike... and lots of dumb choices.

[LewisPirenne]

How do you wipe out your paper money? Did he not keep enough to maintain his lifestyle stashed away in secure assets and went on a reckless spending spree?

There are tons of ways to lose BTC over time, scams like Trendon Shavers, Friedcat, Butterfly Labs; getting Zhou Tonged, Goxxed or Bitfinexed; more often than not, lost it in some ALT pump-and-dump or daytrading.  But quite often, simply because people can't afford to hodl and had to sell to paid expenses/debt or emergencies.  So it is actually quite difficult not to make wrong calls along the way that sees one's own BTC holding reduced substantially.  Fortunately, due to exponential rise in fiat terms, people normally end up with more, in fiat terms, than years ago.  But that still leaves a bitter taste for some as they know that they would have substantially more BTC had this and that not happened along the way.  

[TERA2]

I'm 2014 I was fired and lost 80% of my stash supporting  myself for 18 months with no lifestyle changes. I later made it back trading alts

[BTCMILLIONAIRE]

These stories make me feel glad that my laziness and frugal lifestyle make unemployment completely irrelevant. I do splurge every now and then, but I'm mostly content with just the internet for entertainment. Once I can just buy at least a squarekilometre of land and set up an OTG mansion on it with some live-in cooks/maids without even caring about that kind of sum I'll probably do it though. In the meantime living small and traveling/eating big is good enough.

[JayJuanGee]

If the "one digit per year" rate of increase in Bitcoin's price continues, then someone who now has XX BTC, in December 2018 his/her coins will have the current value of XXX BTC.

Many of us will achieve "wealthy" status!
Some will progress from "wealthy" to "rich" status!

Can you handle it?  

Yes. So far my crypto trillions have yielded a second hand hat. If I add another few zeroes I'm going brand spanking new.

LOL, same here... I'm far from "wealthy", not to mention "rich"... But we're talking about a geometric progression here, so there's still hope!

I like this idea of progression.  So perhaps, each of us are starting at a different place on the spectrum, and perhaps bitcoin can assist us to move up on the spectrum, depending upon how much we have been able to accumulate and how good we are at HODL.


So maybe I will put these in a slightly different order than you, AlcoHoDL.....


So here it is, perhaps 12 levels could accommodate most of us and show some progression in our financial well-being (especially if we did the right thing in regards to buying, accumulating and hodling bitcoin):

First we start at:

1) supported by the parents

2) living paycheck to paycheck,

3) having a bit of a reserve and using that reserve to invest in bitcoin

4) getting by with a cushion

5) comfortable

6) sassy and splurging a bit

7) well off

8.) moderately rich

9) rich

10) wealthy

11) this is gentlemen

12) filthy rich

[BTCMILLIONAIRE]

I like this idea of progression.  So perhaps, each of us are starting at a different place on the spectrum, and perhaps bitcoin can assist us to move up on the spectrum, depending upon how much we have been able to accumulate and how good we are at HODL.


So maybe I will put these in a slightly different order than you, AlcoHoDL.....


So here it is, perhaps 12 levels could accommodate most of us and show some progression in our financial well-being (especially if we did the right thing in regards to buying, accumulating and hodling bitcoin):

First we start at:

1) supported by the parents

2) living paycheck to paycheck,

3) having a bit of a reserve and using that reserve to invest in bitcoin

4) getting by with a cushion

5) comfortable

6) sassy and splurging a bit

7) well off

8) moderately rich

9) rich

10) wealthy

11) this is gentlemen

12) filthy rich

Can we quantify these levels? ;)

There's a "Don't use smileys." additional option(s...) by the way.

[nikauforest]

As soon as the alts start to ease the tide will swing back to Bitcoin. But it will be a flood.

Same as it ever was.

Let's hope that tide swings back soon.

Bitcoin Dominance compared to all cryptos is in a bear market. There is a firm downtrend line.

Image?


Chart for Bitcoin Dominance. Scroll Down to the bottom of the page. Shows the down trend. I am not saying that alts have performed better. ( They have NOT!) What I am saying is that over time Bitcoin will become less important overall relative to all the improvements this tech will bring humanity.
https://coinmarketcap.com/charts/

[JayJuanGee]

As soon as the alts start to ease the tide will swing back to Bitcoin. But it will be a flood.

Same as it ever was.

Let's hope that tide swings back soon.

Bitcoin Dominance compared to all cryptos is in a bear market. There is a firm downtrend line.

Sounds like some real wishful thinking going on here.

 

[JayJuanGee]

How do you wipe out your paper money? Did he not keep enough to maintain his lifestyle stashed away in secure assets and went on a reckless spending spree?

There are tons of ways to lose BTC over time, scams like Trendon Shavers, Friedcat, Butterfly Labs; getting Zhou Tonged, Goxxed or Bitfinexed; more often than not, lost it in some ALT pump-and-dump or daytrading.  But quite often, simply because people can't afford to hodl and had to sell to paid expenses/debt or emergencies.  So it is actually quite difficult not to make wrong calls along the way that sees one's own BTC holding reduced substantially.  Fortunately, due to exponential rise in fiat terms, people normally end up with more, in fiat terms, than years ago.  But that still leaves a bitter taste for some as they know that they would have substantially more BTC had this and that not happened along the way.  

Yep, there are a variety of scenarios that could cause bitterness, and let's say if you were in BTC for 3-4 years and you end up buying around 100 BTC and it cost you around $600 per BTC (average) (which would have been about a $60k investment), but then you make some pretty severe mistakes including some of the ones that you mentioned and even hackings or something, and you end up losing 80% of your built up stash.

At today's BTC prices you still have 20BTC x $19,000 = $380,000, and you are 6x in the profits, but you might still feel a bit bitter about the whole ordeal.

Overall, any of us can assess our current situation and continue to make plans that involve continuing to dollar cost average buy into bitcoin, unless we happen to be at the liquidation stage of our life - which, depending on health, might be someone in his/her 60s or 70s?.. and then in those circumstances, we might project how long we think that we have to live, and then schedule a draw down schedule based on such a projected timeline.. and sure the bigger of the two tragedies would be to draw to much and run out of money early rather than to have a considerable amount remaining upon death.