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

[KeyserSoze]

I have been expecting this.

...as you always say, even when you weren't. I wonder sometimes if you are more delusional than Risto.

I have proof in illustrations that I have been expecting this... I said this morning I was long from 484.  I haven't missed a cent in this bullrun. I was expecting this.
... read it and weep.

Nano already covered the bases well enough a couple days ago. Begone, welp!

[KFR]

Bitcoin is easier to secure than any other exchange medium in the world.

Compared to other forms of theft, stealing bitcoins is actually very easy, very safe for the thief, and extremely lucrative.

Do I need to tell the many ways in which the private keys of a victim can be obtained by a thief? Once the thief gets hold of the private keys, it can immediately use them to transfer the victim's bitcoins to any other address.  This is easily automated so millions of coins can be stolen from millions of victims while the thief is taking a nap on the beach.  (Or even dead!) Compare that with trying to steal the same amount of cash from the same number of victims by stealing their credit card data or bank passwords. 

A bitcoin-stealing virus or trojan does not need to communicate with the thief or leave any other clue that could identify him.  The thief can leave the stolen coins "sleeping" on the receiving address for years, and then "cash them out" in many ways.  Again, try doing that with credit cards or bank wire transfers.

Another way to steal bitcoins is address phishing: the victim thinks that he is sending bitcoins to his car dealeer, but in fact the account address he got from their webpage is the thief's.

But we do not need to discuss theory. The MtGOX heist alone stole 5% of all the money in the bitcoin economy.  There have been dozens, if not hundreds, of other heists; the total may be 10% of all the money.  AFAIK, none of those thieves has been identified, much less caught; and none of those stolen coins were retrieved.

TLDR; please refer to one of the many rebuttals to this argument found earlier in this thread.  Cash, credit card data etc. etc. etc.  

[chessnut]

I have been expecting this.

...as you always say, even when you weren't. I wonder sometimes if you are more delusional than Risto.

I have proof in illustrations that I have been expecting this... I said this morning I was long from 484.  I haven't missed a cent in this bullrun. I was expecting this.
... read it and weep.

Nano already covered the bases well enough a couple days ago. Begone, welp!

nano did fuck all..... I bought at 355, I sold at 420. I bought at 405, I sold at 520. I bought at 488, shorted at 490. now I have bought at 484. You will find evidence for all these if you care to look.

[mooncake]

Do I need to tell the many ways in which the private keys of a victim can be obtained by a thief?

Please enlighten us.

[Tyson95]

Largeish hidden buy order on Bitfinex @475 keeping the market up. It just bought 350 btc from me. I wonder how much more its willing to buy from me?

Ouch

[ChartBuddy]

Explanation

[JorgeStolfi]

I honestly don't understand why you spend so much time to spread some random misleading FUD.

Because bitcoiners keep repeating the same shameless lies? 

TLDR; please refer to one of the many rebuttals to this argument found earlier in this thread.  Cash, credit card data etc. etc. etc.

Unfortunately the thieves did not read those rebuttals, and continue to steal bitcoins even from computer-savy people.

[KeyserSoze]

nano did fuck all.....

her husband must be furious!

I bought at 355, I sold at 420. I bought at 405, I sold at 520. I bought at 488, shorted at 490. now I have bought at 484. You will find evidence for all these if you care to look.

Nano took a lot of time to carefully go through and unmask your delusion multiple times in a dandy little timeline. It was gift from her to us. She practically put a li'l red bow on it. I'm not going to bother with it again when the truth is clear. All we need is for you begin deliriously shouting at us that you've "called the bottom" when you have done no such thing and we'll rename you BJAllen. You two can Indian Leg Wrestle over who needs the most attention.

[chessnut]

nano did fuck all.....

her husband must be furious!

I bought at 355, I sold at 420. I bought at 405, I sold at 520. I bought at 488, shorted at 490. now I have bought at 484. You will find evidence for all these if you care to look.

Nano took a lot of time to carefully go through and unmask your delusion multiple times in a dandy little timeline. It was gift from her to us. She practically put a li'l red bow on it. I'm not going to bother with it again when the truth is clear. All we need is for you begin deliriously shouting at us that you've "called the bottom" when you have done no such thing and we'll rename you BJAllen. You two can Indian Leg Wrestle over who needs the most attention.

nano took little quotes especially out of context. a very selective researcher indeed. I promise you, she is not a speculator or a trader, or experienced to say the least. she has no idea whats going on here, no wonder she is hurt. why dont you take your own advice, dont believe everything you read.

[JorgeStolfi]

Do I need to tell the many ways in which the private keys of a victim can be obtained by a thief?

Please enlighten us.

OK, where do I start? You know what a 'computer' is?  A 'program'?  A 'hacker'? A 'trojan'? A 'key logger'? A 'hardware patch'? A 'memory dump'? A 'covert channel'? A 'malicious wallet software'?  A 'pseudo-pseudo-random number generator'?   A 'social engineer'? A 'disgruntled employee'? A  'naive user'?

[KeyserSoze]

Wow, looks like i lost a couple coins pretty quick. But the fireworks are pretty!
Go-Go-Gadget-Price!

[KeyserSoze]

Do I need to tell the many ways in which the private keys of a victim can be obtained by a thief?

Please enlighten us.

OK, where do I start? You know what a 'computer' is?  A 'program'?  A 'hacker'? A 'trojan'? A 'key logger'? A 'hardware patch'? A 'memory dump'? A 'covert channel'? A 'malicious wallet software'?  A 'pseudo-pseudo-random number generator'?   A 'social engineer'? A 'disgruntled employee'? A  'naive user'?

Back up... could you define "start"?

[solex]

Do I need to tell the many ways in which the private keys of a victim can be obtained by a thief?

Please enlighten us.

OK, where do I start? You know what a 'computer' is?  A 'program'?  A 'hacker'? A 'trojan'? A 'key logger'? A 'hardware patch'? A 'memory dump'? A 'covert channel'? A 'malicious wallet software'?  A 'pseudo-pseudo-random number generator'?   A 'social engineer'? A 'disgruntled employee'? A  'naive user'?

And these haven't been used to illegally obtain fiat on millions of occasions?

[rpietila]

But we do not need to discuss theory. The MtGOX heist alone stole 5% of all the money in the bitcoin economy.  There have been dozens, if not hundreds, of other heists; the total may be 10% of all the money.  AFAIK, none of those thieves has been identified, much less caught; and none of those stolen coins were retrieved.

That is 10% of all the money in 5 years, which is 2% per year.

Inflation alone steals 3-9% of our money every year.

Try harder 

[KFR]

Do I need to tell the many ways in which the private keys of a victim can be obtained by a thief?

Please enlighten us.

OK, where do I start? You know what a 'computer' is?  A 'program'?  A 'hacker'? A 'trojan'? A 'key logger'? A 'hardware patch'? A 'memory dump'? A 'covert channel'? A 'malicious wallet software'?  A 'pseudo-pseudo-random number generator'?   A 'social engineer'? A 'disgruntled employee'? A  'naive user'?

Credit card payment authentication requires transmission of authorising data.   Bitcoins are easier to keep safe right now.  But this is programmable money and it's getting safer all the time.  You may not have the vision and imagination to consider what some entrepreneurs will: that enterprising innovators will only make bitcoins safer while credit cards, paypal passwords - every alternative is [cough]heartbleed[/cough] just as vulnerable if not more vulnerable than Bitcoin.

Every single thing you listed above could be applied to fiat alternatives such as credit cards, online banking services, payment processors etc.

You know this.  Either you know all this or you wilfully ignore everything you disagree with.  I guess you're far too "academic" to let facts get in the way of your agenda.

[TERA]

[freebit13]

We're already in a lopsided situation where although more and more merchants are accepting BTC yet we don't seem to have many consumers on board. Bitcoin has pretty obvious negatives for consumers, who just want "safe and easy." I imagine "safe and easy" is in the pipeline, but of course the problem is it is my imagination only.

I've always thought that was bitcoin's biggest weakness in terms of adoption for actual use as opposed to speculation: how does it benefit the consumer? It's advertised as a great way to protect merchants, but if the consumer won't use it because they don't get any additional benefit for going through the trouble, it doesn't matter how many merchants accept it.

Well, we keep waiting for the "killer app" in the developed world. Something that makes it simply, easy, fast, safe and effective. Circle.com, am I talking to you??

Meanwhile Bitcoin has more advantages in the non-developed world. But getting it there in a way that is meaningful is a entirely different task.

There is a gap that still needs to be filled and no one has filled it yet.

Research MPesa...

[mooncake]

Do I need to tell the many ways in which the private keys of a victim can be obtained by a thief?

Please enlighten us.

OK, where do I start? You know what a 'computer' is?  A 'program'?  A 'hacker'? A 'trojan'? A 'key logger'? A 'hardware patch'? A 'memory dump'? A 'covert channel'? A 'malicious wallet software'?  A 'pseudo-pseudo-random number generator'?   A 'social engineer'? A 'disgruntled employee'? A  'naive user'?

I do know all of these.

I do hope you understand that there are so many ways in which the private keys cash of a victim can be obtained stolen by a thief.

[ChartBuddy]

Explanation

[magicmexican]

Just woke up, any reason for the small spike or just the usual stuff?