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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11878. (Read 26709819 times)

legendary
Activity: 1652
Merit: 4393
Be a bank
sooo, 'connected' in the sense that anything to do with etc and its forks is utter garbage run by incompetent wallies including all the attendant services
legendary
Activity: 3122
Merit: 1538
yes
How come the narrative is switching from "Cryptopia hacked" to "Ethereum hacked"?

Is there substantial evidence that the Cryptopia hack was not about hacking into Cryptopia computers but a hack of the ETH network itself?
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
I'm a little bit ashamed at myself at how horrible I am at prognosticating anything crypto-related, but the current issues with ETH, overall, has led me the seriously ponder; "Is ETH truly and honestly dead, and it just doesn't know it yet ?"

I can't see how it survives 2019 without plunging to at least half it's current valuation.

It almost feels like all the individual elements that have plagued ETH over the last couple years, have recently come together, and left it teetering on the edge of being declared a failed project.

The fact that it's nigh-impossible for the average joe to run a full, modern ETH node is a catastrophic oversight in retrospect.


Don’t write it off.  Look how long Bitconnect lasted. Also no one gives a shit about 51% attacks.

50% of the market is dumb money.  45% is dumber money.

Bitcoin will continue to prevail but we aren’t going to get rid of these parasites sadly.
hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
^. My bad, my 2nd layer reading was not up to date Tongue

#

Quote
The source of the payments come from other exchanges including Kraken, Binance and Nanopool.

Loving this bit. Especially the Nanopool bit.
full member
Activity: 728
Merit: 169
What doesn't kill you, makes you stronger
Does anybody think this Cryptopia ETH hack is somewhat related to the ETC 51% attack the other day?


I do, I'll quote my thinking from my previous post so as to not repeat myself,

Are we sure that the Ethereum network is secured?
Sure Cryptopia must have had a terrible security, they take forever to even do a simple fork (for example over a month for ARK, one the few top 50 coins they've listed which is forking less than once every year for big updates). I didn't expect them to have top-notch security systems and procedures.

I don't think the hacker has stolen small-cap altcoins, their price would crush on the news of the hack and the hacker would have gone through the trouble for nothing... that is if Cryptopia was transparent enough to announce the name of the hacked blockchain.
Right now we can only guess, and it seems only Ethereum's wallet and its shit-tokens have been stolen. Could it be thanks to FPGAs/ASICs in combination with the reduced interest from individual miners?

I was afraid that the attack on ETC was a test to prepare for a hack to ETH, maybe the hack to Cryptopia is related.
hero member
Activity: 658
Merit: 851
etc monies got returned. etherdelta did not. likely unrelated?

Isn’t etherdelta a decentralized exchange? How did that happen?
https://mashable.com/2017/12/21/etherdelta-hacked/#VTeiV_MMoqqQ

"Apparently, the smart contracts that govern EtherDelta's behavior weren't compromised in the attack. Instead, the attacker managed to take over EtherDelta's DNS server and serve a fake version of the site to visitors.

This is far more dangerous than the common phishing attack in which a fake site sets up a domain name similar to the real one (such as etherrddeltta.com). Users who visited the actual EtherDelta site in the afternoon (ET time) Wednesday were served a partially functional but still quite convincing version of the site. The attack appears to have been mitigated within a few hours, and the proper EtherDelta site restored, but anyone who interacted with the fake site may have sent ether or other tokens to the hacker. "

legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
etc monies got returned. etherdelta did not. likely unrelated?

Isn’t etherdelta a decentralized exchange? How did that happen?
legendary
Activity: 1652
Merit: 4393
Be a bank
etc monies got returned. etherdelta did not. likely unrelated?
hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
Does anybody think this Cryptopia ETH hack is somewhat related to the ETC 51% attack the other day?

It is said that the Crytptopia hacker could be the one who also hacked etherdelta in 2017 :

https://decryptmedia.com/4495/cryptopia-hacked-etherdelta-2-5million

He stopped transactions half an hour ago. "Hold" wallet:

https://etherscan.io/address/0xaa923cd02364bb8a4c3d6f894178d2e12231655c

The thousands of micro transactions are disturbing.


legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
One point of clarification - I was referring to 14 January in 2015 being the bottom for the prior crypto winter, so if we follow the template we have passed the point of most danger for this year.

But yes agree that if the template holds then $3122 was the bottom for 2018 - 19 crypto winter.  Which I am very pleased I bought - if only a little bit because god it felt like shit at the time.

The theory here is that we are slightly front running our previous cryptowinter, so I think we are closely aligned in our analysis.  

Do we dare call a bottom to this cryptowinter? Let’s see what next week brings.

But I think we can start establishing a tentative hypothesis that the 2018/19 winter bottomed at $3122.   We still have at least 6 months of sideways chop ahead of us.  We can still retest the 200 weekly MA as it is rising all the time without breaking $3122 so long as we only test it lightly.    200 Weekly MA is now at $3250 so that support line is gently rising.  
hero member
Activity: 658
Merit: 851
It is said that the Crytptopia hacker could be the one who also hacked etherdelta in 2017 :

https://decryptmedia.com/4495/cryptopia-hacked-etherdelta-2-5million
legendary
Activity: 2702
Merit: 2053
Free spirit
Im nowhere on the centralised trustles default pseudo trustlist (2nd layer)

my name is mud Sad


legendary
Activity: 2604
Merit: 1748
Bitcoin bottomed around 0400 hours GMT on 14 January 2015.  

We are now past that time in this cycle.  If the fractal holds, we have bottomed.  

I just bought again. 

I agree with your conclusion, but on one minor point, the absolute bottom of the cycle was the probably the low on Dec 15 (3122 on Stamp).  That said if the Jan 14th proves to be the lowest point this year, you are correct in the thrust of what you say - that the turning point has been reached. It was certainly the point to look out for and pass by.

I do agree with you, as you know and am glad to see your (superior) TA-based analysis confirms my own feelings and crude trend calculations.  I have also been buying, cancelling my low-ball bids and transferring in all available fiat to mop up what I can before the end of Jan.

It will not be significantly profitable in the short term, although I do think going over 10K before the end of this year is actually very possible (by early November, to stick my neck out).

All this is based on rough overlays of 2015 to now, which have thus far proved sufficiently close to be worth betting on.  November '15 saw a spike up to over 3x the January low that year, but it was a choppy ride to there, see charts for details.

I doubt we will see an exact overlay, as if it gets any closer it will be front run, or disrupted.  But so far...?   

DYOR.
legendary
Activity: 2702
Merit: 2053
Free spirit
I wonder what exchange they use. Don't tell me they use finex.

Absolutely no way in hell are they using a wild crypto.

The article repeatedly references 'blockchain' and nothing but.

there are all kinds of off the shelf commercial blockchain shit. I posted a few years back there is an option to add one into azure.
jr. member
Activity: 31
Merit: 71


Welcome to participation, D. Lerk.  

Regarding your AMA statement, what has been your BTC investment strategy since 2012?   Have you bought/sold any?  Did you get distracted by any other cryptos?  Have you changed your strategies over the years?  or have you been scared out of bitcoin based on various FUD over the years?

Basic strategy has been to view bitcoin as a far-out-of-the-money put on the dollar (as the reserve currency, the one with the most to lose) with no expiry. Whats not to like about that? Very little cost to hold compared to the potential upside.

Bought more at key confidence building points, when it seemed to me that chance of survival, or even success, increased. For example, the non-collapse after the SR takedown and crucially for me, when the US decided to auction seized coins. This is rarely mentioned, but I think those auctions were a huge 'mistake' by TPTB. From their pov, they should have destroyed the coins - instead they literally legitimised BTC.

Sold about 3% in the 5-digits for treats, but not out of scale to general lifestyle.

Played a little with alts, missed ETH though (didn't like the too-slick build-up) now just XMR. Dumped the forks for one-sixth stash boost (thanks Roger). Thought BCH an obvious take-over attempt by the corps and China and would rather have sunk with the ship than be pwned by Jihan, the CCP and fvckin Calvin forcrissakes. Surprised that jbreher bought in, respected the guy.



edit: Hi Toxic2040, and thanks for the charts. I like that you present a range. 3 shades of grey, as it were.
edit: thanks Globb0, you can be a funny guy

legendary
Activity: 1344
Merit: 1251
We know of how much?

Significant doesn't mean anything :/

3,5 mil usd for sure in BTC and ETH

Ok thanks.

A few millions isn't too bad. Won't have any big market consequences.
hero member
Activity: 656
Merit: 501
XBY - New Tech Coin (POSIGN) xtrabytes.global
We know of how much?

Significant doesn't mean anything :/

I found this in the comments. I'm not sure if they lost Bitcoins too.

https://twitter.com/whale_alert/status/1084442862970945536

Quote
19,391 #ETH (2,438,152 USD) transferred from #Cryptopia to Unknown wallet Tx: https://etherscan.io/tx/0x8a7c2b34f23eee02401e7c3fa1ea2ce8d3132e7ca3811d673ca35898c9535aae


hero member
Activity: 656
Merit: 501
XBY - New Tech Coin (POSIGN) xtrabytes.global
We know of how much?

Significant doesn't mean anything :/

3,5 mil usd for sure in BTC and ETH
legendary
Activity: 2772
Merit: 2846
We know of how much?

Significant doesn't mean anything :/

I found this in the comments. I'm not sure if they lost Bitcoins too.

https://twitter.com/whale_alert/status/1084442862970945536

Quote
19,391 #ETH (2,438,152 USD) transferred from #Cryptopia to Unknown wallet Tx: https://etherscan.io/tx/0x8a7c2b34f23eee02401e7c3fa1ea2ce8d3132e7ca3811d673ca35898c9535aae
hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
We know of how much?

Significant doesn't mean anything :/

Maybe:

How are exchanges still being hacked these days? Have lessons not been learnt?

When you ask something like that, think of r0ach Tongue
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