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

[eXPHorizon]

And machines having peace with humans made no sense either.

Well Humans produce the best results when they are Motivated, Happy and Safe. Thats what you guys do not get. To get 100% from a Person you need to make them happy so you can be happy with the best possible result that they can produce. Tyrannyical behavior from the A.I would only cause problems and therefore the Computer Core would have to think of a more drastic approach than to have Peace with Human Kind.
Win Win Situation

I fundamentally disagree.

Humans provide terrible results when you make them happy and make them feel safe.

They won't even get out of bed half of the time!

That is why Motivation is 1st

[xhomerx10]

Everyone spare yourselves from Matrix 4

Not gonna say more about it

 I can't remember a time when you didn't recommend a new movie.  This one must be a real stinker.
  Thank you for taking the bullet for us

[BitcoinBunny]

Here we have it, another "expert".

Why bitcoin is worse than a Madoff-style Ponzi scheme.

https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0

"Pay us £33 per month to read these terrible opinions."

No thanks.

[tertius993]

1 Question for the Advanced minds:

If FIAT Currency crashes to 0 do you think Bitcoin is going to survive such an event?

I’m not sure the question even computes … if all fiat currency is literally worth zero, nothing, nada, zilch then I’m not sure civilisation would survive.  Not sure anyone would be worrying about keeping the internet running.  Maybe I’m wrong but I think most people would be focused on food, shelter, etc..

[aesma]

I was lucky I had one more roadblock to stop them.

I wonder if it is inside work with :

a guy at coinbase
a guy at tracfone
a guy at Verizon

set when coinbase account gets a bit higher say 10k or 20k or a higher level.


of course I now need to alter countless other shit

I would hope that coinbase have good ways to catch people doing bad things, they're dealing with billions after all. And billions that can be made difficult to trace...

I see they're valued at 53 billions $ with less than 2000 employees !

Meanwhile the company I work at is valued at 13 billion $ with 130 000 employees, and despite having just bought a competitor for 8 billions, that will add 70 000 more people.

About insider stuff, do we now know what happened with cryptopia ?

[Paashaas]

Here we have it, another "expert".

Why bitcoin is worse than a Madoff-style Ponzi scheme.

https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0

"Pay us £33 per month to read these terrible opinions."

No thanks.

I can read this article, must be a one time free offer ore so. Nevermind i'll delete it .

[aesma]

1 Question for the Advanced minds:

If FIAT Currency crashes to 0 do you think Bitcoin is going to survive such an event?





Yonko we are Coming !

Fiat crashing to 0 means fiat has been replaced by something else. Most probably crypto.

Otherwise, revert to gold and silver maybe, or other exchanges where the exchange value has intrinsinc value => back to bartering. Food for other food, food for services, work for food, etc.

I'm not sure I want to live in that world but I'm trying to be prepared for it, that's why I'm only looking at houses with 1 hectare plots or bigger, so that I can grow food if needed.

[tertius993]

I think that everyone should ponder this question: why this cycle so far did not pan out as expected by almost EVERYBODY?
To some it might mean that the exponential boom-bust cycles are over.

To me it means that bitcoin is in transition: it has to go over the technological chasm from the early adopters to early majority.
The volatility in that is less than during "innovators" and "early adopters" stages, but still significant with periodic setbacks.

I am perfectly fine if the four year cycles are mostly gone and we are simply in a price discovery mode.
I expect the prices much higher eventually, but short term the price seems chaotic (does not really follow any prior predictions).
It zigs when it was "supposed" to zag, etc. This 'perversion' actually started in 2019, but most people dismissed it as a one-off aberration.

Remember "the fractal" idea? It fit for a while. All TA guys seem to be befuddled if not outright 'amused' by the current situation.
Albeit, we have no coherent theory of what to expect since S2F is currently on the brink...barely hugging the lower grey band.
planB did not throw in the towel yet, but it is getting close, unfortunately.
https://twitter.com/100trillionUSD/status/1472241754837557256

I like the way PlanB doubled down. And frankly, he has a ton brrrr-money on his side of the argument.

An EOY parabolic run was expected by the majority, so the market was inclined to go another direction.
Def. a sign that the known cycles start to change / vanish.

I think the next best chance of finding coherence with the previous cycles is the "spiral chart" with its delayed tops.

So the next 3-4 months might be interesting..

Edit:
Nice small candle. Let's see if it gets hammered down agin...

The problem I have with PlanB is he has a habit of moving the goalposts ...

https://twitter.com/100trillionUSD/status/1407634975051157506

"I will call s2f invalidated if we have not reached 100K by Dec this year ..."

[Torque]

The problem I have with PlanB is he has a habit of moving the goalposts ...

https://twitter.com/100trillionUSD/status/1407634975051157506

"I will call s2f invalidated if we have not reached 100K by Dec this year ..."

I agree.

Now he's saying that as long as the price trudges along the "lower bound" aka $40-50K, it's still valid. But look at his chart, it could literally still do that and go sideways until mid-2024.

Which is what I've been saying all along. His $100K by Christmas 2021 scenario was never a certainty. But he did say that it was or else S2F invalid.

An EOY parabolic run was expected by the majority, so the market was inclined to go another direction.

Isn't this the trap that the n00bs fall into literally every bull run tho?

[xhomerx10]

[goldkingcoiner]

Can't wait to see LGBTatrix with all the brightly colored-hair agent trannies chasing Neo, the last straight white male in New York while Neil Patrick Harris fails at pretending to be a good actor... Im just waiting for Sheldon Cooper to appear in every other scene with background laughter soundtracks. Really not looking forward to having The Matrix ruined for me but what choice do I have? It's definitely doing to have some woke feminist nonsense in the storyline. Goddamn clown world.

Ok wasn't half bad.

[d_eddie]

Here we have it, another "expert".

Why bitcoin is worse than a Madoff-style Ponzi scheme.

https://www.ft.com/content/83a14261-598d-4601-87fc-5dde528b33d0

"Pay us £33 per month to read these terrible opinions."

No thanks.

It's a very informed and competent piece, written by a history professor.
All historians notoriously have a deep understanding of cryptography, game theory and networks.
The article even quotes well known bitcoin experts, such as prof. Stolfi.
/s

I could upload a copy somewhere without a paywall, and will do so if requested by someone I like
My advice though: Spare your time - it's utter BS.

[ChartBuddy]

Explanation

[machasm]

Finally managed to pick up a little bit of this dip.
Now just need things to start moving on up.

[philipma1957]

I am not quite sure how they ported the phone.

I suspect they used tracfone had the cell number  hoped by getting the email

that the email linked to tracfone and to coinbase was the same

so if they hack just the email

they could try to port the cell to their carrier.

then get into coinbase change password and use 2fa to allow withdraws and alter the email

...
Best to buy a burner phone set up google to microsoft auth.

the coinbase account does not know that phone number so no one can port it over to another network.

Sorry that it happened, but I cannot figure it out from your description.
coinbase did have some SMS troubles last May or so, maybe it is somehow related.

The ported phone would jeopardize both methods (text or Authenticator), wouldn't it?
what's the "email linked to tracfone"? why there is such a thing?

Phone a the ported phone was a tracfone.

I do have an email/phone account so they could have ported the phone from trac phone to Verizon mobile by entering my cell number

They could have hacked the email using recovery to the phone.

This gave them the phone and the email.

they use that to go after the coinbase

they change the password.

they find that no changes in the account or withdrawals can be done without

a code that is only available on a phone that no one knows the number.  It is not 2fa. and gives a six digit number every 60 seconds .

They could have been say with draw .25 btc and putting in random six digit  numbers as I was driving home

 ( I think they get locked out after 3 wrong numbers). so I could have lost .25 btc if they got lucky.

I think my error was the email recovery was linked to the cell

which let them get into the email.  That email is 22 years old I changed the password.

I am playing with fake hacking of the now drained (by me) coinbase account to see if they just needed the have the phone number ported to be able to change the coinbase password.

I also had the account set to need the auth app for any withdrawal (thank goodness)


found this on coinbase

signout session   web   198.54.133.76   United States   about 20 hours ago
signout session   web   198.54.133.76   United States   about 20 hours ago
signout session   web   198.54.133.76   United States   about 20 hours ago
signout session   web   198.54.133.76   United States   about 20 hours ago
signout session   web   198.54.133.76   United States   about 20 hours ago
signout session   web   198.54.133.76   United States   about 20 hours ago
password reset completed   web   198.54.133.76   United States   about 20 hours ago
password reset requested   web   198.54.133.76   United States   about 20 hours ago
signin failure   api   187.11.158.232   Brazil   3 days ago
signin failure   api   187.11.158.232   Brazil   3 days ago

all of the above is bad shit

this looks like first shot they took

signin failure   api   2605:xxxx:xxxx:xxxx:xxxx:xxx:xxxx:c91f   United States   7 days ago


each signout session was likely 3 trys at moving the btc. random codes are 1,000,000 numbers so they had say 18 of 1,000,000 of grabbing the btc

[suchmoon]

It's a very informed and competent piece, written by a history professor.
All historians notoriously have a deep understanding of cryptography, game theory and networks.
The article even quotes well known bitcoin experts, such as prof. Stolfi.
/s

I could upload a copy somewhere without a paywall, and will do so if requested by someone I like
My advice though: Spare your time - it's utter BS.

https://archive.md/IhQl9

Good for a laugh. It could easily be an article about anything, if you completely ignore what the thing is and just say that it has no value. Pepperoni pizza is worse than a ponzi - you eat it and it's gone and you can't get the money back.

[Richy_T]

I figured as much.
I remember catching the 2nd movie on my birthday at the cinema about 20 years ago.

1 was the first DVD I bought ever and is still one of my favorite movies. I had it shipped across the atlantic. For 2, my wife was out of town when it dropped so I went to a midnight showing. What a disappointment. They lost me at the never-ending rave scene. I did end up watching 3 but I think it was a computer monitor experience.

I don't have zero interest in 4 but I'm not feeling any inclination to watch it.

[Richy_T]

I thought Wachowski had already chosen no banana.

Or was that the joke?

[d_eddie]

It's a very informed and competent piece, written by a history professor.
All historians notoriously have a deep understanding of cryptography, game theory and networks.
The article even quotes well known bitcoin experts, such as prof. Stolfi.
/s

I could upload a copy somewhere without a paywall, and will do so if requested by someone I like
My advice though: Spare your time - it's utter BS.

https://archive.md/IhQl9

Good for a laugh. It could easily be an article about anything, if you completely ignore what the thing is and just say that it has no value. Pepperoni pizza is worse than a ponzi - you eat it and it's gone and you can't get the money back.

[cAPSLOCK]

I am not quite sure how they ported the phone.

I suspect they used tracfone had the cell number  hoped by getting the email

that the email linked to tracfone and to coinbase was the same

so if they hack just the email

they could try to port the cell to their carrier.

then get into coinbase change password and use 2fa to allow withdraws and alter the email

...
Best to buy a burner phone set up google to microsoft auth.

the coinbase account does not know that phone number so no one can port it over to another network.

Sorry that it happened, but I cannot figure it out from your description.
coinbase did have some SMS troubles last May or so, maybe it is somehow related.

The ported phone would jeopardize both methods (text or Authenticator), wouldn't it?
what's the "email linked to tracfone"? why there is such a thing?

Phone a the ported phone was a tracfone.

I do have an email/phone account so they could have ported the phone from trac phone to Verizon mobile by entering my cell number

They could have hacked the email using recovery to the phone.

This gave them the phone and the email.

they use that to go after the coinbase

they change the password.

they find that no changes in the account or withdrawals can be done without

a code that is only available on a phone that no one knows the number.  It is not 2fa. and gives a six digit number every 60 seconds .

They could have been say with draw .25 btc and putting in random six digit  numbers as I was driving home

 ( I think they get locked out after 3 wrong numbers). so I could have lost .25 btc if they got lucky.

I think my error was the email recovery was linked to the cell

which let them get into the email.  That email is 22 years old I changed the password.

I am playing with fake hacking of the now drained (by me) coinbase account to see if they just needed the have the phone number ported to be able to change the coinbase password.

I also had the account set to need the auth app for any withdrawal (thank goodness)

Tough situation. Have seen this happen MANY times.  

Secure Bitcoin storage is possibly the HARDEST problem to solve well.  It is very easy to make mistakes.  I have personally spent a lot of time setting up my storage/recovery strategy.  It is a balancing act between making it too easy for thieves, and making it too hard to reliably execute.

This is probably the biggest hurdle for Bitcoin adoption.  And the reason, I have said often, that the masses will never "be their own banks".  Something as simple as using a secure and reliable source of entropy for key generation is critical.

Glad you avoided being robbed.