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

[jojo69]

https://www.carper.senate.gov/public/_cache/files/5/0/508a6447-853f-4f41-85e8-1927641557f3/D5CFA4A0FC19997FF41FB3A5CE9EB6F7.equifax-report-3.6.19.pdf

In a Senate report, Equifax is accused of neglecting its own cybersecurity policies which ultimately led to the 2017 data breach that exposed personally identifiable information (PII) of 145 million Americans . The company's key Senior Managers didn't attend cybersecurity meetings and an audit identified a backlog of over 8,500 known vulnerabilities in its network. Over 1,000 of these were considered critical, high, or medium risks that were found on systems that could be accessed by individuals from outside of Equifax's information technology ("IT") networks.

The company instituted an "honor system" for patching its systems and didn't abide by its own patching policy that required the company's IT department to patch critical vulnerabilities within 48 hours. Equifax wasn't even sure of the network assets that it owned, so it was impossible for Equifax to know if vulnerabilities existed on its networks. When threats were announced by the U.S. government with the highest critical score possible; the company's security scans failed to identify the vulnerability. This is because the company lacked a comprehensive inventory of its IT assets. Equifax also allowed its SSL certificates to expire 8 months prior to the 2017 data breach which allowed hackers access to the network for 78 days undetected. Equifax waited six weeks before notifying the public of the breach.

Equifax's online dispute portal, the hackers also accessed other Equifax databases as they searched for other systems containing PII. They eventually found a data repository that also contained unencrypted usernames and passwords that allowed the hackers to access additional Equifax databases. The information accessed primarily included names, Social Security numbers, birth dates, addresses, and, in some instances, driver's license and credit card numbers.

The usernames and passwords the hackers found were saved on a file share by Equifax employees. Equifax told the Subcommittee that it decided to structure its networks this way due to its effort to support efficient business operations rather than security protocols. In addition, Equifax did not have basic tools in place to detect and identify changes to files, a protection which would have generated real-time alerts and detected the unauthorized changes the hackers were making.

[Bitcoinaire]

According to this chart, we are much further along in this cycle.


Altcoin Market Cap Trends


https://twitter.com/Beastlyorion/status/1104070434876620800

[Toxic2040]

ya ya..thats all fine and dandy but I know what you are all really thinking...



1h


3h

#stronghands'19

[serveria.com]

According to this chart, we are much further along in this cycle.


Altcoin Market Cap Trends


https://twitter.com/Beastlyorion/status/1104070434876620800

Well it seems that we're about to rally violently very very soon   I can see a leg up into 6k-10k area.

If your bags are still not full you better buy NOW! Can you feel it? It's a smell of a bear fear....

[BitcoinGirl.Club]

I had too much meat in a wedding party. Now feeling my stomach is going to explode LOL

Go into a food coma, wake up at a price change, it always happens to me on the holidays and the phone notification going off.

Taking bed rest while browsing in the forum.

[JayJuanGee]

By the way the slow migration up will break at some point and cause some short term upwards explosions in price that end up crashing back down before we really know that we are really heading UP for good.

Jay, don’t you think it’s weird that the cycle seems to repeat itself. We’re following the same pattern from bear to bull markets. I feel like we’ve been here before which is because we have

I certainly won’t be complaining if we make the same kind of gains in price from 2014 Gox induced bear market to 2017 bull market in this cycle.

I am close to perfectly with you on this LFC, even though I tend to want to hedge on the conservative side and NOT to take any exact things for granted, until it already has happened.

Anyhow, I am not betting the farm on BTC because I feel that I have already made a lot of BIG BTC bets that have paid off way more than I ever expected.. even though I was not betting the farm, back then either.  By the time we got to 2015, I felt that I had already taken a large enough stake in BTC in terms of what I was planning to do with my overall percentage allocation.  However, since my BTC holdings were in the red (most of the time from 2014 and on and increasingly so by the time we got to the end of 2014), thereafter in 2015, I was largely dedicating any and all free cash that was coming in on a regular basis to BTC without taking away from my emergency funds in fiat and my other fiat-related investments (Of course, I may have skimped on buying a coffee here or there or I may have eaten in rather than eaten out from time to time, too).

So, yes, if the exact same pattern ends up playing out (and I certainly would not be surprised, even if I am not taking it for granted), then once again, those of us who are continuing to stack satoshis and to HODL them are going to be laughing our asses to the bank when the nocoiners, the fence-sitters, the bitcoin naysayers again are sitting on the sidelines (deja vu) waiting (and waiting) for new BTC price lows that never end up happening. 

So, even though in current times I frequently talk about "bearmarket" and all that bullshit, because I believe that is our current short term BTC price dynamics state of affairs, and that is where the probabilities lie, I am more than adequately prepared for UP, again.  I am kind of in the close to 97% to 98% bitcoin arena.. so I don't have a lot of fiat to play around with in terms of buying more BTC... except as extra cashflow here and there comes in from time to time.  Currently, I also have BTC buy orders down to about $2k that I hope will never fill.

[BitcoinGirl.Club]

"No, Bitcoin (BTC) is Not a Quick Rich Scheme, Price Approaching $4,000"

Exactly!

Bitcoin is the future of world currency system.

https://www.newsbtc.com/2019/03/08/no-bitcoin-btc-is-not-a-quick-rich-scheme-price-approaching-4000/

[LFC_Bitcoin]

@JJG - If I’m honest I’m way more invested in bitcoin than any sane person would be. I have a house with a mortgage on, an apartment that I rent out (it also has a mortgage on).

I have £40,000 in a shit UK fiat bank ISA savings account with 0.1% annual interest (a compensation pay out for a bad car accident I had 10 years ago - caused by a drunk driver).

Apart from that I’m all in on bitcoin. Most sensible people would buy 3 or 4 more apartments & rent them out & probably be set for life but I believe in bitcoin so much. I’m a risk taker & I will become a millionaire through crypto, I’m very certain of it.

Any way that’s my fucking shitty story

[estenity]

Anonymous based coins are always subject to regulation issues, it's just the nature of them. I wouldn't be confident in them for being a long term investment.

They're all going to be expunged from authorised exchanges eventually but that certainly won't mean they're worthless. It's going to be very interesting to observe where they settle and grow once it's clear that's going to happen.

why would anybody need centralized exchanges ?

[BitcoinGirl.Club]

Any way that’s my fucking shitty story

And f**king shitty inspiring as well. Well done brother. May the force be with you and we all win.

[Last of the V8s]

https://gizmodo.com/u-s-army-assures-public-that-robot-tank-system-adheres-1833061674

In its request, the Army asked for help enabling the Advanced Targeting and Lethality Automated System (ATLAS) to “acquire, identify, and engage targets at least 3X faster than the current manual process.” But that language apparently scared some people who are worried about the rise of AI-powered killing machines.

meanwhile the price is really trying to go up

[Last of the V8s]

Anonymous based coins are always subject to regulation issues, it's just the nature of them. I wouldn't be confident in them for being a long term investment.

They're all going to be expunged from authorised exchanges eventually but that certainly won't mean they're worthless. It's going to be very interesting to observe where they settle and grow once it's clear that's going to happen.

why would anybody need centralized exchanges ?

because they're not oxymorons

[estenity]

Anonymous based coins are always subject to regulation issues, it's just the nature of them. I wouldn't be confident in them for being a long term investment.

They're all going to be expunged from authorised exchanges eventually but that certainly won't mean they're worthless. It's going to be very interesting to observe where they settle and grow once it's clear that's going to happen.

why would anybody need centralized exchanges ?

because they're not oxymorons

label and function are two different things.

[BitcoinGirl.Club]

Brothers!
How are you going to secure your bitcoins for your next of kins?

Hope this helps. Inputs?

[Paashaas]

https://twitter.com/DigitalAssets/status/1103732423722975232

[madnessteat]

 

Source: https://twitter.com/AltcoinSara/status/1103436947865911296

[Last of the V8s]

https://breakingdefense.com/2019/03/us-gets-its-ass-handed-to-it-in-wargames-heres-a-24-billion-fix/

So what does that $24 billion buy?
To start with, missiles. Lots and lots of missiles. The US and its allies notoriously keep underestimating how many smart weapons they’ll need for a shooting war, then start to run out against enemies as weak as the Serbs or Libyans. Against a Russia or China, which can match not only our technology but our mass, you run out of munitions fast.

A paltry sum by today's standards.

[infofront]

I'm currently thinking three scenarios that would get us out of my own personal consideration of this current bear market and into a conceptual bull market.

1) BTC price rises above $6k and stays there for at least two months

2) BTC price rises above $4.5k and stays there for at least six months

3) BTC price does not break below $3,320 for at least one year

Anyone going to label my tentative "getting out of a bear market and into a bull market" conditions ridiculous?

Given the upward slope of every long term support/trend line, $3,320 in 11 months would put is in bad shape, as I believe it would violate pretty much all long term bull lines.

[Toxic2040]

I'm currently thinking three scenarios that would get us out of my own personal consideration of this current bear market and into a conceptual bull market.

1) BTC price rises above $6k and stays there for at least two months

2) BTC price rises above $4.5k and stays there for at least six months

3) BTC price does not break below $3,320 for at least one year

Anyone going to label my tentative "getting out of a bear market and into a bull market" conditions ridiculous?

Given the upward slope of every long term support/trend line, $3,320 in 11 months would put is in bad shape, as I believe it would violate pretty much all long term bull lines.

Best case/worst case maybe? Regardless, within 14 months it seems a pretty safe bet we will at least be 2x from where we are today. Carry on.

[Febo]

The European Central Bank announced today they will be handing out some "fresh funding" for banks.

It's their temporary solution to a system wide problem.

Creating money for them is as simple as clicking a button.

Buy bitcoin, bye banks. 🔥

https://twitter.com/alecziupsnys/status/1103705808695713793?s=21

Serious printing will start after they will start buying Bitcoin.

Today while reading that in my country females finally got to only 5% lower salaries then the men, what would sort of look fine if there would not be 30% more females college graduates then men.  I was thinking. We are at the brink of the biggest redistribution of wealth in human history. It is happening right now. And where are females? They will manage to skip it again. Let men take everything back. This world is so cruel.