Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26826. (Read 26709845 times)

(for brevity I've cut a lot of wisdom and useful stories)
 
the first totally decentralized trustless crypto currency exchange platform will be released very soon so that will eliminate third party exchange scams and hacks.

Luckily only 0.8BTC.  It really peeved me though because it was just another BTC scam to add to the never ending pile.
Its tiresome trying to hide stuff in a way that isnt touchable by anything, then when I do connect the laptop to the internet
for a transaction, I always worry someone MAY have access at that split second.  To paranoid now.
Ive moved to Armory wallet now and have my wallet on a laptop never connected to the internet and the wallet backups
are on USB drives in my safe.  Im still worried one day Ill see the wallet drained.  It seems like there is never enough you can
do now to keep you BTC safe.  There is always another scam around the corner now.

how much did you lose? hope it wasn't alot, considering it was from early days

I honestly think people with access to the dropbox cloud working there are "mining" through the data looking for BTC
related files.  I changed my password to a 30 char COMPLEX password after heartbleed and one day one of my wallets
was suddenly drained.  I completely forgot that I had an original backup of the wallet from long back saved in there
from like super early days of starting BTC and I hadnt encrypted the wallet file.  No one in the world had access to the
files or wallet password besides that file I had totally forgot about, except dropbox.  It was one of the few things I hadnt
put into the truecrypt container unfortunatley.

So yes, I have a feeling people working for dropbox are searching for .dat wallet files and text files with BTC related text.

We might keep drifting down for a little while, but as a general rule I feel that these sell walls represent a buying opportunity. I say that because if I were honestly trying to unload coins rather than just manipulate the price then I'd do it piecemeal in several smaller bids so as to have as minimal an impact on prices as possible (and it is also quicker because you don't get front ran so much by panic sellers). So, unless these sell wall guys are complete idiots, there seems to be market manipulation. The manipulation has a downward, not an upward, impact on prices making coins cheaper in a way that they know and that enables accumulation (and even if some of their coins get bought out from them, there are still more people front-running their walls and other exchanges responding to the impact of the walls on the one exchange, for them to pick up more coins in small increments). Ergo, whenever I see these things I interpret it as a buying opportunity as the only reason why somebody would be doing it (absent it being government level manipulation which it doesn't appear to be... it would be thousands rather than hundreds of coins) is because they think the true valuation of the coin is higher than where they set the wall.

Could they get dicked over doing this... perhaps, but not at this volume level. Anyhow, I am fairly new, but this strategy has yet to fail me over the past two months... I buy into these sell walls every chance I get.

Thus, maybe I'd sell if I were you if you expect this to go on for a little while longer, but I'd have an eye towards jumping right back into the game soon.

wow.. thats rediculous. plaintext file on dropbox? he seems smarter than that. I have heard people getting their coins stolen on dropbox, people suspect it is dropbox workers who have access to those files.

One would think his personal security tactics would be very strong to guard his fortune. but wow

No. He even said his security wasn't all that great. Passwords in a plain text file that was in a dropbox, which the password to that dropbox was not changed after heartbleed.

Damn, thought that 3800 CNY wall might hold on Huobi. There's just no buyers right now, no volume either way. Are we just gonna keep drifting down? I'll keep holding my bags.