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

[makrospex]

Good morning @ $9.469.
Signs of recovery (before the next dump?)
Anyone else going to Bitcoin's funeral today?

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[JayJuanGee]

Kenzy got hacked again!!  already tagged the account, you guys should do the same if you want.

I see there are a few red tags there already on his trust tab...   Is there any purpose to add more red tags, when the account has already been highlighted as a hacked account?

I hope that his BTC are safe.. and also that he gets back his forum account in an expedited timeframe.

Each of us  should be taking measures (and sometimes even extra measures) to protect our forum accounts, and I am not sure if his opsec is not secure..  

I remember some recent discussion in this thread on the topic of his opsec, and he had claimed to had been taking some decent measures, so sometimes it can be difficult to know what kinds of additional measures might be necessary in his particular situation, especially if it is like you say that if his account had gotten hacked a second time.. so if there was some continued vulnerability that had not really gotten sufficiently plugged up?

Sometimes we also have to take some decent security measures in our lives such as password managers or 2 factor authentication on some of our e-mail accounts.  I believe that some folks had suggested that some kind of additional 2 factor authentication should be added to this forum, too... and I don't claim to know exactly what measures would be helpful for this forum, specifically..   Anyone?

I had only been hacked into one time, but I had also lost access once due to my own making a mistake in how I had attempted to reset my password in a way that caused my account to get automatically locked.

Edit:

Oh fuck... looks like he is having some real issues, and some of his bitcoin accounts hacked, too.. fuck.. .

https://bitcointalk.org/index.php?topic=5165936.msg51850222#msg51850222

real problems can come when your exchange accounts are hacked too... Frequently, hackers need a couple of forms of identification, and sometimes an e-mail might be enough, but then there can be phone security issues, too... or even issues with 2 factor such as google authenticator or authy.. or even passwords saved in google chrome and stuff like that..  so fuck fuck fuck...

I went through some of that too... and devil could be in the details regarding how the hackers get some of the information to be able to hack and then are able to reset other aspects of the information and passwords  and they work as a team, too.. so accounts can get hacked very fast and frequently any value removed relatively fast, as well... not reversible if they actually are able to make withdrawals of crypto, whether bitcoin or otherwise.. .. and sometimes if withdrawals are frozen by the exchange, they might be able to engage in trading activity on the account that quickly depletes the value of the account.. and I supposed that there are ways that they could profit from merely trading too, if they are on the other side of such trades in some illiquid coin or something like that.

[JayJuanGee]

Good morning @ $9.469.
Signs of recovery (before the next dump?)
Anyone else going to Bitcoin's funeral today?

I am just planning to buy BTC if it keeps going lower in fairly regular intervals (hate to give away all of my specific secrets).. and hoping (praying) for the best in terms of a bounce and then perhaps more convincingly an actual reversal of this so we can return to enjoying more UP, as well as planning our filthy rich futures, anticipating that outcome is still in the futures of HODLers and ACCUMULATors.

[JSRAW]

^ yeah account is already tagged and i agree with you but i felt that i should mention here as well because he hangs out here and his account can use couple of red trust from WO members too along with other community members.

he's in contact with exchange, just talked with him offline and he mentioned that his funds are safe.

[JayJuanGee]

^ yeah account is already tagged and i agree with you but i felt that i should mention here as well because he hangs out here and his account can use couple of red trust from WO members too along with other community members.

he's in contact with exchange, just talked with him offline and he mentioned that his funds are safe.

The headache of sorting through forum accounts and emails and things like that is much better than losing funds, but sometimes you might think that your funds are safe and they are not... so I am not always sure how to resolve that.

For example, I recall that as soon as my sim was ported in early 2017, I had received an email from bitstamp saying that my password had been reset.  I immediately hit the reply button that said "this is not me." but they still got the funds.  I actually did not freeze some of my other accounts right away, but I got lucky to save some funds from some accounts in spite of my slowness.

Regarding persistence of hackers, those fucks can frequently continue to try over and over and over through various means, which seemed to have happened to me for a while after I had been in the process of securing various accounts.  Kenzawak may have some of those same issues if he has a compromised e-mail and then if they are able to get into a few accounts, then it seems that some more extensive security measures might be prudent to pursue... anyhow, hopefully, a lot of this is able to be sorted out with Kenzawak being able to get his various accounts back and to increase security.  Actually, I recall that it took several months for me to regain access to some of my accounts, and then they wanted me to make sure that I jumped through a variety of extra security measures before they would return me access to my account(s). There are other details, too, but sometimes it might not be prudent to get into too many specifics in public either about what measures have been taken or even what the vulnerabilities might have been if it might remain a bit uncertain if some of the holes have been decently patched.

[Phil_S]

What does the 2017 vs 2019 one look like now?

2017 vs 2019 is doing fine.

We even saw similar mid-July drop in 2017.

[Millionero]

That sure lines up nice.  What is it about our brains that makes this imagery tickle us so much?

[kurious]

Talking of brains being tickled...

Elon Musk's brain-machine-interface technology Neuralink is recruiting staff.  Enhancing the brain, for medical reasons, or 'to keep us up with AI'.

It's pretty sci-fi, kind of William Gibson's Neuromancer stuff.

Video from announcement here:

https://www.youtube.com/watch?v=r-vbh3t7WVI&feature=player_embedded

[Phil_S]

I don't care for that stuff. I don't need more gadgets in my life.

Those brain guys should concentrate on finding a cure for Alzheimer's first.

[kurious]

I don't care for that stuff. I don't need more gadgets in my life.

Those brain guys should concentrate on finding a cure for Alzheimer's first.

Most foreseen applications are indeed for restorative therapies.  Take a look?

It's about restoring motor function, sight, brain disorder and interfacing with machines to facilitate functions affected by impairment.  Yes, the sci-fi stuff can be extrapolated from this, too - but the purposing is about medical remedy, which is where the income stream is likely to be and (at least initially) where it is all aimed.

[fillippone]

Kenzy got hacked again!!  already tagged the account, you guys should do the same if you want.

[snip]

I am sharing here an horror story, hopefully can be useful to someone.
The Most Expensive Lesson Of My Life: Details of SIM port hack

I lost north of $100,000 last Wednesday. It evaporated over a 24-hour time span in a “SIM port attack” that drained my Coinbase account. It has been four days since the incident and I’m gutted. I have zero appetite; my sleep is restless; I am awash in feelings of anxiety, remorse, and embarrassment.
This was the single most expensive lesson of my life and I want to share my experience + lessons learned with as many people as possible. My goal is to increase awareness about these types of attacks and to motivate you to increase the security of your online identity.

EDIT: Just to clarify this didn't happen to me, I am just reporting this story because I think reading this can be useful to many.

[Negotiation]

Bitcoin Price Below $9.5K Could Spark 80% Parabolic Advance Correction, Trader Warns

Bitcoin (BTC) continued to trade down on July 17 after a further 10% fall sent the price of the largest cryptocurrency back below $10,000.



Data from Coin360 showed a problematic 24 hours for traders Wednesday, BTC/USD circling $9,600 after bouncing off lows at just $9,266.

The downward trend followed increased United States government attention on cryptocurrency and related phenomena, with comments by Treasury Secretary Steven Mnuchin and the ongoing hearings on Facebook’s Libra closely watched by markets.



‘Looks Like the Trend Has Changed’

As Bitcoin’s previous parabolic trend appeared firmly over, now, analysts were preparing to brace for a further major correction which could erase even more of its advances.

For Peter Brandt, the veteran trader who predicted several of BTC/USD’s previous phases, that correction could amount to 80% of the combined cryptocurrency market cap gains.

“While the parabola in BTC was subject to different renderings, the parabola in the total market cap chart was loud and clear. Total cap should correct 80%. Most of the damage of decline will occur to altcoins,” he wrote on Twitter Tuesday.

“Market structure is broken and lower-lows have been set on higher time frames,” investor and regular commentator, Josh Rager, continued.

“There will be smaller bounces in between, but it looks like the trend has changed folks - for the short term,” he added, noting the previous bull market pullback lasted up to five weeks before positive sentiment took over.


Altcoins Suffer Heavier Losses

On Wednesday, Brandt’s forecast of more heavy losses for altcoins in particular had yet to come true, with Bitcoin and many major altcoin tokens losing similar amounts in the past 24 hours.

Ether (ETH) fell slightly less than BTC, shedding 10.4% to hit $203, while Litecoin (LTC) and Binance Coin (BNB) mirrored the behavior.

Some managed to avoid such serious losses, perhaps temporarily, such as Bitcoin Cash (BCH), which declined 6.2% in the same period.

Bitcoin currently accounts for just over 66% of the total cryptocurrency market cap, a near two-year high.


Article source:  https://cointelegraph.com/news/bitcoin-price-below-95k-could-spark-80-parabolic-advance-correction



Bitcoin=Facebook’s Libra ??

[DeathAngel]

This dump is nothing to worry about, I don’t see anything different here to ‘China bans bitcoin’ news in the past. The dust will settle & the price will rise again. Nothing to see here, great opportunity to scoop up some cheap coins though.

[gentlemand]

For Peter Brandt, the veteran trader

The man who deletes his predictions that fail to materialise.

A few weeks back it was 100 grand by the weekend.

Here's my prediction what you can take to the bank and cash - it won't be as bad or as good as squealing babies would have you believe.

[kurious]

Those brain guys should concentrate on finding a cure for Alzheimer's first.

As an ex brain guy I can tell you it will be much easier to develop an AI cyborg that passes the Turing Test than it will be to cure Alzheimer's. Once your neurons start getting tangled like that, there's basically no way of reversing it... The only thing we can do is slow its progression to near standstill, which would be just as good, so long as you aren't already in advanced stages.

I watched my grandfather, a veteran of 3 wars and one of the most stand-up, put-together guys you could ever meet, slowly lose all comprehension and eventually die from it over the course of 5 years or so... Shit sucks.

My cousin, super smart, super fit, super healthy - typical holiday a 700 mile cycle trip, or mountain climbing... retired early from a science career to enjoy life and travel the world - mostly backpacking with his OH. Now in his early 50's, diagnosed with Alzheimer's a couple of years ago.  He's trying to stay positive (despite it all), but gradually we are losing him.  Bloody awful.

[El duderino_]

Btw observing 10700, remember days without those two first numbers like it was yesterday, damn got here fast....

hahahahaaha

You talk like you were really into bitcoin in the $700s... Is that true?  Weren't you just barely getting into bitcoin in three digits?

The reality of the matter is that we did not spend a whole hell of a lot of time in the $700s in 2016-ish

Boy, I had my first BTC in the 350-ish zone

Still gotte read the rest on my phone now ....

O.k... fair enough... but I still would be speculating that it is going to be a bit difficult to get into bitcoin in the $350-ish zone and to be able to front-load... however, with $350, as opposed to $700, there was a considerably decent period of time in which to attempt to buy in  that  area.. even though probably the price in early 2016 tended to gravitate in the $400 area a lot more frequently during that particular consolidation period.

On the other hand, I will concede that both $350 and $500 are kind of important price points in BTC's 2016 history.. and kind of the beginning of the bull market that was kind of then uncertain... especially in early 2016 and the breaking out above $500 in late May of 2016.

My friend was in BTC around mt gox peak price and collapse after, so he envied me when I met him and won my first BTC around 350,cause from there till 20K I only have known up .....

After 20K was actually my first kind off BTC bearmarket, still I have strong belief and wasn't affected to hard or anything

[El duderino_]

xmas soon?    $5000 rebuying

Naaaaaah you be waiting for that 1K -  1.5K Xmass

[El duderino_]

Is it alt season yet?

Asking for a friend

Who?, the not rejected banana?

[Woodie]

With the way things are moving, its anyones guess on which route bitcoin might take and depending on what stimulates the market I foresee BTC taking any one of these routes.

[nutildah]

With the way things are moving, its anyones guess on which route bitcoin might take and depending on what stimulates the market I foresee BTC taking any one of these routes.

Spot on. As someone who's been in this thread for about 7 months now, I'll tell you your analysis is just as accurate as anybody's. Plus, after BTC follows one of those particular routes, you can then say, "See? I told you so."