★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit

[halinyo]

http://www.reddit.com/r/Bitcoin/comments/2vz1zq/its_now_officialbtercom_was_hackedlost_7170_btc/

http://www.coindesk.com/research-hackers-install-backdoor-bitcoin-cold-storage/

This is worrying, I know a bit about these things. The private keys are all publicly announced on the blockchain, according to the article...
The paper has not been published yet, I am wondering if BTERCOM hack has anything to do with this researcher and method

Or bitstamp hired a few hackers or this researcher to recover their own losses ?

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[SSG69]

Actually that doesn't make sense.  It's more logical to buy a coin when it's on the way down than on the way up (unless you have some kind of insider trading information).

People seem to think theres room down there and i agree. maybe another 15-20%.

[SSG69]

http://www.reddit.com/r/Bitcoin/comments/2vz1zq/its_now_officialbtercom_was_hackedlost_7170_btc/

http://www.coindesk.com/research-hackers-install-backdoor-bitcoin-cold-storage/

This is worrying, I know a bit about these things. The private keys are all publicly announced on the blockchain, according to the article...
The paper has not been published yet, I am wondering if BTERCOM hack has anything to do with this researcher and method

Or bitstamp hired a few hackers or this researcher to recover their own losses ?

BTER i dont trust much tbh. Hopefully this wont be another mintpal story.
Anyhow this could explain all this selloff today. people securing their funds. i certainly do for the moment.

[Dennahz]

Actually that doesn't make sense.  It's more logical to buy a coin when it's on the way down than on the way up (unless you have some kind of insider trading information).

People seem to think theres room down there and i agree. maybe another 15-20%.

So we have to build the value up again from what... 30? Would be a shame for all that hard work!

That BTC "cold" wallet hack is strange... i think that price will go down because of it too.

[SSG69]

Actually that doesn't make sense.  It's more logical to buy a coin when it's on the way down than on the way up (unless you have some kind of insider trading information).

People seem to think theres room down there and i agree. maybe another 15-20%.

So we have to build the value up again from what... 30? Would be a shame for all that hard work!

That BTC "cold" wallet hack is strange... i think that price will go down because of it too.

The work will pay off when its time. Till then i guess we have to get used to this volatility. I think 40 can be a new base. Cross fingers.

[DeDordtenaar]

People panick selling??



hehe

[DigiByte]

Why is he heading to Istanbul?

YC

Jared is heading to Istanbul My lovely hometown Jared, let me know if you need help

Hey travels around the world coming days.

This is a dev with a mission, is he coming to Holland to

Yes, we just arrived in NYC, had a layover in Istanbul. Its very cold here! We have meetings set up here, NYC, Atlanta, San Francisco, LA, Amsterdam & potentially Berlin.

Cheers!

[24hralttrade]

Why is he heading to Istanbul?

YC

Jared is heading to Istanbul My lovely hometown Jared, let me know if you need help

Hey travels around the world coming days.

This is a dev with a mission, is he coming to Holland to

Yes, we just arrived in NYC, had a layover in Istanbul. Its very cold here! We have meetings set up here, NYC, Atlanta, San Francisco, LA, Amsterdam & potentially Berlin.

Cheers!

Excited!
Have a safe trip and spread the Digilove around the world!

[Lovethecoins]

can we move this price down a little faster I am waiting to rebuy all my digibyte! My wallets feel naked without it!

haha, I am in the same position as you

I want to buy some more also. Had too low a buy price the other day. 

Was going up too fast for me... I tried saying that but nobody was listening just pushing away lol.... I took my 5-6x profits and now I will wait for a reload... I LOVE digibyte probably my favorite coin but why wouldn't  I sell and buy back MORE digibyte... Isn't that the goal... Own MORE digibyte

[HR]

Actually that doesn't make sense.  It's more logical to buy a coin when it's on the way down than on the way up (unless you have some kind of insider trading information).

Here's some "lines on a page" that mark nice buy spots for anyone looking to accumulate.

And I know there's a couple of you.  

[HR]

http://www.reddit.com/r/Bitcoin/comments/2vz1zq/its_now_officialbtercom_was_hackedlost_7170_btc/

http://www.coindesk.com/research-hackers-install-backdoor-bitcoin-cold-storage/

This is worrying, I know a bit about these things. The private keys are all publicly announced on the blockchain, according to the article...
The paper has not been published yet, I am wondering if BTERCOM hack has anything to do with this researcher and method

Or bitstamp hired a few hackers or this researcher to recover their own losses ?

Very worrying. Was reading someone speculating these are not the works of "the cyberwarfare division of some country".
http://www.reddit.com/r/Bitcoin/comments/2vz1zq/its_now_officialbtercom_was_hackedlost_7170_btc/comb02u

Whoever it is, they're making off with good money . . .


This is why I'm a 100% transparency man. I want my name STAMPED on all my coins! And a digital signature needed to spend them!!!

I plan on writing something on the subject and will post it on the bb . . . maybe by next weekend.  

[MentalCollatz]

http://www.reddit.com/r/Bitcoin/comments/2vz1zq/its_now_officialbtercom_was_hackedlost_7170_btc/

http://www.coindesk.com/research-hackers-install-backdoor-bitcoin-cold-storage/

Second link TLDR: if you create a bitcoin trojan, you can steal bitcoins.  Excerpt: "The attacker must first create a compromised version of ECDSA".  Nothing worth fretting over.

[ymod123]

Why is he heading to Istanbul?

YC

Jared is heading to Istanbul My lovely hometown Jared, let me know if you need help

Hey travels around the world coming days.

This is a dev with a mission, is he coming to Holland to

Yes, we just arrived in NYC, had a layover in Istanbul. Its very cold here! We have meetings set up here, NYC, Atlanta, San Francisco, LA, Amsterdam & potentially Berlin.

Cheers!

good Luck ...and safe trip.. Digi Prophet

[EPLDCC]

can we move this price down a little faster I am waiting to rebuy all my digibyte! My wallets feel naked without it!

haha, I am in the same position as you

I want to buy some more also. Had too low a buy price the other day. 

Was going up too fast for me... I tried saying that but nobody was listening just pushing away lol.... I took my 5-6x profits and now I will wait for a reload... I LOVE digibyte probably my favorite coin but why wouldn't  I sell and buy back MORE digibyte... Isn't that the goal... Own MORE digibyte

Of course you're right from a short-term trader's perspective.  And, I don't have anything against traders.  I am one.  But, I'm also an investor.  And, from a long-term investor's perspective it's a bit different.  Clearly you were not the only person to take profits and hope for a decline.  But, the danger to taking profits from short-term positions is that you end up on the wrong side of the price, which is the worst place to be for any trade.

A few years ago I sold out of a stock position for about $25/share.  I had bought it a couple of months before at about $15/share.  Over the previous 12-months the stock was averaging highs around $20 and lows around $14.  So, I figured taking profits at $25 and waiting from the price to return to the teens was a good choice (exactly what you describe above).  However, the price kept running up.  I was on the wrong side of the price and I was faced with a problem.  Do I buy back in at a lower number of shares?  Do I short the stock?  Do I wait (and just hold the cash)?  Should I tie up my money in a different instrument while I wait?  I decided to just move on.  Today, the stock trades around $70 a share and I don't own any shares.

So.  Back to your statement.  Sure.  I agree.  But, I also think that we've been in a bit of a bear trap over the past 10 days.  People who sold substantial positions in DGB in the mid-80s - but who also want to buy back in - also have an active interest in seeing the price decline so they don't end up on the wrong side of the price.  We don't have margins or futures (except with some BTC exchanges), so on the spot market exchanges it's pretty straightforward; all you have to do is put in more sell orders to increase the sell volume (it doesn't even really matter if they're filled), the price will go down, and you can buy back in.  But, from an investment perspective, it's not about the value of DGB, it perpetuates volatility and hurts long-term adoption and use, it's just the digital currency version of shorting.   It seems most of the DGB bears will get out of this trap.  I guess we'll see about future ones.

[Geenstijl]

Why hold now, if you can buy cheaper later?

[ymod123]

Why hold now, if you can buy cheaper later?

i dont think it will go more lower because great news to come....i can feel it..

[Geenstijl]

Why hold now, if you can buy cheaper later?

i dont think it will go more lower because great news to come....i can feel it..

Better hodl tight to your coins then!

[HR]

http://www.reddit.com/r/Bitcoin/comments/2vz1zq/its_now_officialbtercom_was_hackedlost_7170_btc/

http://www.coindesk.com/research-hackers-install-backdoor-bitcoin-cold-storage/

Second link TLDR: if you create a bitcoin trojan, you can steal bitcoins.  Excerpt: "The attacker must first create a compromised version of ECDSA".  Nothing worth fretting over.

900+ words, and I recommend reading them all.

My favorite excerpt:

Both Verbücheln and Pustogarov say that the most likely way for such an attack to be mounted would be through dedicated wallet services running proprietary software. Devices designed specifically for secure cold-storage of coins, for example, would be prime candidates for this sort of attack.

Stealing your digital currency right off the blockchain - they don't even need to get to your computer, much less your wallet!


Edit: I've added some additional recommendations to my "The Most Secure, Least Hassle, Security Option" I posted earlier. Nothing's perfect, and nothing's perfectly safe - you can only do your best, and the last line of defense is NOT having all your eggs in the same basket.

[EPLDCC]

Why hold now, if you can buy cheaper later?

Are you asking a rhetorical question? Or, do you really want an answer?

[halinyo]

To be honest, the cold wallet of all the exchanges are not safe... I do not know what their reaction will be against this....
And I wonder why BTER but not CRYPTSY ?