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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16229. (Read 26725468 times)

hero member
Activity: 1011
Merit: 721
Decentralize everything
Watch out folks, there's a rabbit on the loose!

https://www.rt.com/news/407655-bad-rabbit-cryptoware-attack/

Quote
A new global cyber virus attack began on Tuesday and targeted corporate networks mainly in Russia, cybersecurity company Kaspersky Lab said. A number of companies in Germany, Turkey and Ukraine have been affected on a smaller scale.
“Our observations show that the majority of the attack’s victims are located in Russia. We’re also registering similar attacks in Ukraine, Turkey and Germany, but on a considerably smaller scale. The malware spreads through a number of compromised websites of Russian media outlets,” the company said in its blog.

The new virus appears to be dubbed ‘BadRabbit,’ according to a dark net page where the details on ransom for the encrypted files were posted. The initial ransom is 0.05 Bitcoin ($300), but the virus features a timer and promises to raise the price if the ransom is not paid in time.
legendary
Activity: 3878
Merit: 1193
Wasn't MtGox enough of a lesson of what can happen when you give up your private keys?

I'm still hoping someday there will be a distribution from the bankruptcy estate. Might even get some Bitcoin Cash out of it!
legendary
Activity: 1241
Merit: 1005
..like bright metal on a sullen ground.


Still betting that BCH will be the winning tribble  Tongue
legendary
Activity: 1303
Merit: 1681
a Cray can run an endless loop in under 4 hours
Is crypto dead yet? Muhh dead muh

totally. I sold all my stupid coins and invested it in butter. butter is the new bitcoin.
legendary
Activity: 1792
Merit: 1047
Politicians all say bitcoin is scam  Huh
JPMorgan CEO Jamie Dimon's Then Vladimir Putin Who said Cryptocurrency scam too And this time Saudi Prince Al-Waleed: Bitcoin Is 'Going to Implode'

i think bitcoin will crash for sure



Not sure if being sarcasting or where you get your info. But if your keeping up with the events this past two weeks.

But JPMorgan CEO Jamie Dimon was asked for his view as to why BTC has had a rise and his answer:

"JPMorgan Chase, says he's "not going to talk about bitcoin anymore." ... But I'm not going to talk about bitcoin anymore," said Dimon in response to a question during the bank's third-quarter earnings call with media on Thursday"

"Olga Skorobogatov, deputy chairwoman of Russia’s central bank, hint at a ‘hybrid network’ of both public and private blockchain protocols leading to a unified distributed ledger powering a national digital currency."
sr. member
Activity: 392
Merit: 250
Is crypto dead yet? Muhh dead muh
sr. member
Activity: 1176
Merit: 286
Politicians all say bitcoin is scam  Huh
JPMorgan CEO Jamie Dimon's Then Vladimir Putin Who said Cryptocurrency scam too And this time Saudi Prince Al-Waleed: Bitcoin Is 'Going to Implode'

i think bitcoin will crash for sure

legendary
Activity: 2268
Merit: 1278
Its a virtual virtual currency Smiley
That's a fucking mind blower. Is that what going full retard looks like? Cause it looks like going full retard to me.
legendary
Activity: 2268
Merit: 1278
[...]
I don't care. I don't preach. All I do is explain the technology and its implications for society to those who show genuine interest. Why should I wish unjust rewards on those who clearly don't deserve them? Bitcoin is a revolutionary technology with a promise of changing society to the better. Because it is a monetary technology, those of us with enough vision to see the potential, risk our own money and enough nerve to hold through the FUD, haters, bear markets, hacks and laughter get rewarded. Simple as that. The guy who laughed it off in 2014 and felt he "missed the boat" in 2017 will end up buying some in 2023 together with his gradma.

Hear, hear.
Damn, I wouldn't slam a door that hard.  Cheesy
Not so much slamming it as no longer trying to push people through it. It's a natural development for newly moneyed people, eventually we realize that not everyone has the required psychology to even want to make a lot of money.

Let those who can see, see. And maybe point out some interesting topography for them. There is no curing the blind.
legendary
Activity: 1568
Merit: 1001
[...]
I don't care. I don't preach. All I do is explain the technology and its implications for society to those who show genuine interest. Why should I wish unjust rewards on those who clearly don't deserve them? Bitcoin is a revolutionary technology with a promise of changing society to the better. Because it is a monetary technology, those of us with enough vision to see the potential, risk our own money and enough nerve to hold through the FUD, haters, bear markets, hacks and laughter get rewarded. Simple as that. The guy who laughed it off in 2014 and felt he "missed the boat" in 2017 will end up buying some in 2023 together with his gradma.

Hear, hear.
Damn, I wouldn't slam a door that hard.  Cheesy
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
[...]
I don't care. I don't preach. All I do is explain the technology and its implications for society to those who show genuine interest. Why should I wish unjust rewards on those who clearly don't deserve them? Bitcoin is a revolutionary technology with a promise of changing society to the better. Because it is a monetary technology, those of us with enough vision to see the potential, risk our own money and enough nerve to hold through the FUD, haters, bear markets, hacks and laughter get rewarded. Simple as that. The guy who laughed it off in 2014 and felt he "missed the boat" in 2017 will end up buying some in 2023 together with his gradma.

Hear, hear.
hero member
Activity: 750
Merit: 601
bitcoin gold dump in bitfinex : https://www.bitfinex.com/trading/BTGUSD Embarrassed
probabily price will drop 5 usd when btg listed in all site exchange

How is this possible? BTG lacks a replay protection, so no sane man would currently transfer it's BTG to Bitfinix, because their BTC would be at stake...

Did BFX already credit BTG to BTC holders?

People need to be very careful, they may unwittingly be trading something that is NOT even their BTG. Any fork of Bitcoin could be used at this point, with no way to confirm what it even is... a name means nothing. Don't just blindly trust exchanges.

There is no BTG yet, they simply announced a snapshot date. Its an illusion.

All the exchanges are trading 'tokens' that represent coins.
The exchanges know that they have the coins because they will be in the same address the Bitcoin's were are the time of the fork, but they can't see or use them until they get a proper BTG Node software.

Its a virtual virtual currency Smiley



legendary
Activity: 2520
Merit: 3038
So true my friend. "If you don't hold your private keys, it's not your bitcoin."

Sad though, I have a feeling that ten years from now, the banks that want to survive will be offering to store customers' bitcoin for them as a service.... and the public will be too scared of their own incompetence and just use it.  Undecided

The MSM will probably even have weekly fake news stories about how this person or that person got robbed of all their bitcoin.. to scare people even more into using the banks.

It will only take half a bank run to falsify that kind of MSM narrative.
Or real interest (denominated in bitcoin) to persuade old bitcoiners.
legendary
Activity: 3794
Merit: 5474
That's one of the basic differences between Bitcoiners and traders. The very first paragraph of Satoshi's white paper points to trustlessness as the raison d'etre for Bitcoin. Traders are more than willing to trust exchanges and online wallet services.

Wasn't MtGox enough of a lesson of what can happen when you give up your private keys?

So true my friend. "If you don't hold your private keys, it's not your bitcoin."

Sad though, I have a feeling that ten years from now, the banks that want to survive will be offering to store customers' bitcoin for them as a service.... and the public will be too scared of their own incompetence and just use it.  Undecided

The MSM will probably even have weekly fake news stories about how this person or that person got robbed of all their bitcoin.. to scare people even more into using the banks' services.
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
People need to be very careful, they may unwittingly be trading something that is NOT even their BTG. Any fork of Bitcoin could be used at this point, with no way to confirm what it even is... a name means nothing. Don't just blindly trust exchanges.

You're probably wasting your breath. It doesn't matter how often you tell trading addicts to keep their coins safely away from exchanges.

That's one of the basic differences between Bitcoiners and traders. The very first paragraph of Satoshi's white paper points to trustlessness as the raison d'etre for Bitcoin. Traders are more than willing to trust exchanges and online wallet services.

Wasn't MtGox enough of a lesson of what can happen when you give up your private keys?
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Lost all respect for the guy ... maybe he was made an offer he couldn't refuse, ".... front up this S2X fork shitshow and we'll shower you with ICO ethereum cash ... or else"

OR ... Psychopaths are good ...??

This just in:

"Jeff Garzik, one of a handful of key developers who helped build the underlying software for bitcoin that is known as blockchain, has seen its shortcomings firsthand. So he decided to create a better digital currency.

He’s calling it Metronome..."

https://www.bloomberg.com/news/articles/2017-10-24/bitcoin-pioneer-says-new-coin-to-work-on-multiple-blockchains?utm_content=buffer54373&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Flabbergasting
legendary
Activity: 3794
Merit: 5474
bitcoin gold dump in bitfinex : https://www.bitfinex.com/trading/BTGUSD Embarrassed
probabily price will drop 5 usd when btg listed in all site exchange

How is this possible? BTG lacks a replay protection, so no sane man would currently transfer it's BTG to Bitfinix, because their BTC would be at stake...

Did BFX already credit BTG to BTC holders?

People need to be very careful, they may unwittingly be trading something that is NOT even their BTG. Any fork of Bitcoin could be used at this point, with no way to confirm what it even is... a name means nothing. Don't just blindly trust exchanges.
hero member
Activity: 569
Merit: 505
bitcoin gold dump in bitfinex : https://www.bitfinex.com/trading/BTGUSD Embarrassed
probabily price will drop 5 usd when btg listed in all site exchange

How is this possible? BTG lacks a replay protection, so no sane man would currently transfer it's BTG to Bitfinix, because their BTC would be at stake...

Did BFX already credit BTG to BTC holders?
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
Good morning Bitcoinland.

So they took their AltcoinGold "snapshot" of the Bitcoin blockchain last night, I see.

As anticipated, many trading enthusiasts immediately dumped the bitcoins they had bought just to get their addresses in the picture, despite the fact that they'll still have to wait until the weasels pre-mine their ripoff "development" coins and deal with a lack of replay protection. I'm glad most of my coins are safe and sound in ancient paper wallets. They're not getting my keys.

The result is a dip down to yesterday's early levels... currently $5656USD/$7155CAD (Bitcoinaverage).

Most altcoins are up, including AltCash at $337USD/$426CAD (Coinmarketcap).


Decent dip in the last 24 or so hours. Large enough to make even Jimbo happy, probably. We'll know soon enough!  Cheesy

As I said yesterday, a dip down to a price $500 higher than I paid less than a week ago isn't a deep enough dip for me to buy... yet. Maybe if we drop below $5.3k.

In the past week we've seen it go from $5101 to $6180 and back down to $5534 (Stamp). This time last year we were dreaming of quadruple digits. Now it bounces up and down by more than a grand in a few days.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
great article.

Quote
I was hooked. But I still couldn't bring myself to talk about Bitcoin publicly.

Blockchain was easier to talk about – it made me appear to be on the cutting edge and allowed me to avoid the dirty looks and the hushed whispers that followed any mention of Bitcoin.  When I talked about blockchain, friends and colleagues would listen intently and engage me with questions about this wondrous new technology.  However, once I mentioned Bitcoin they would pull me aside and ask how I was feeling, not so subtly questioning my mental clarity.

Blockchain made me feel good, but there was something missing; there was something hollow about blockchain without Bitcoin. I went back and re-examined my first encounter with Bitcoin in an attempt to discover where we had gone wrong.


https://www.forbes.com/sites/briankelly/2017/10/24/why-bitcoin-matters-more-than-blockchain/#778f65a437ac

Yep, that guy gets it. Here's another good quote:

Quote
Without the currency, there would be no incentive for people to spend money on the computers needed to run the Bitcoin software.  Blockchain without Bitcoin replicates the same financial system already in existence.  There may be some efficiency gains through sharing private distributed ledgers, but blockchain without Bitcoin is not one of the most important innovations in the history of finance.

This finance guy grasps it, but for some reason Jamie Dimon cannot? Or does but won't cop to it...

The whole "blockchain is the  real game changer, bitcoin will fade" argument shows such a misunderstanding of what blockchain and bitcoin is and how it works.  You cannot have an immutable distributed ledger without the token.  The good news is those of us who are beginning to grasp the novel situation we have been in for 8 years still have time to exploit those who do not, or choose not to open their eyes.

I used to feel sorry for them.  But I don't anymore.  

Everyone makes their choices.
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