Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28094. (Read 26709827 times)

See above.  Yes, the tools can be used for both bitcoins and bank instruments, BUT the "finalization" of the theft is much easier for bitcoin.

Both logic and the facts thoroughly disprove the claim that bitcoins are easier to secure than the current alternatives.  It resists only as a religious dogma, it seems...

ON a mission to lose money, if selling 350 BTC at $475?

Of course, though it takes lots of self-cultivation to achieve non-biasness.

Cool story bro. All of the US-EU-China or pretty much any government now for that matter, they all report meaningless, irrelevant, hedonically adjusted numbers. It's lotto. Just like the jobs Thursday/Friday. It's surreal suspended disbelief. It's a group hallucination.

In the last four months I bet on a correction in the exponential depreciation of the USD and managed to almost double "my money", market value. Don't go all in. Don't go all out. It's easy.

You do realize that goes both ways, right?

trendline is now situated at 503 USD. We are on the verge of breaking it again.
Will we stay above it now?

edit: 531 USD. Drew it wrong

I am NOT much of a technical geek; however, currently, I am of the sense that bitcoin has the potential to be very secure - whether online storage or offline storage, so long as the storage and various abilities to spend, save, transfer, and to keep track of one's personal coins becomes more user friendly.  If some apps can be developed to make these matters easier to use without having to keep track of a zillion passwords or a zillion addresses, then easy user interface has the potential to cause bitcoin to be very secure.      In current times, bitcoin seems to be technically complicated b/c there are so many different apps and addresses and keys - which is likely going to cause less security.. in my humble bumble opinion.

I thought it was just me, but I agree that Jorge has disappointingly matured to somewhat of a garden variety troll. 

At least he's not pumping Ripple. 

Me too. But we need to be more understanding though. As human beings, we are all influenced by our emotions and biasness.
When started off, one may be rational. But when nasty comments from others come in, one tend to sway towards a particular view and fortify it. By that time, even when presented with concrete facts, one remains adamant on the view, refusing to admit the inital view was wrong.

Euro inflation is 1% this year, isn't it? But never mind.

Devaluation of bitcoin has stolen ~50% of your money in the last two months.

Your turn. 

Just China being China. Volume dried up on the correction and I think there are some traders eager to jump on the next move. Thing is, that might wind up being the entire "next move". Last time we have a green bar like that on the 1 hr chart it faded into oblivion over the next several hours.

Looks like there is going to be a battle bears vs. bulls in the next week.

Of course; so we know that the danger of having keys stolen (particularly from users who are not computer security specialists) is not just a theoretical possibility.

Now compare a trojan that steals bitcoin keys with one that steals bank passwords or credit card data.

The bitcoin trojan can immediately sign and send off a request to transfer all the bitcoins in the compromised address to the thief's address.  The theft will be complete and irreversible before the victim has a chance to check his balance.  The thief does not have to intervene or even monitor the action, and he can be anywhere in the world.  Once the theft is complete, the victim has no recourse: he cannot even prove that the transfer was a theft.  A million such thefts can be performed on the same afternoon, or a single address can be emptied of one million bitcoins, and no one will suspect of anything.

A trojan that steals a bank password may try to send the stolen data to the thief, but that is risky since that communication could be traced.  Instead, the trojan could perhaps log into the bank by itself and issue a wire transfer to the thief's bank account.  The transfer may take hours or days, depending on where the thief is.  During that time, or even after it, the client may notice the theft, call the bank and cancel the transfer.  If the amount it too large, the bank may get suspicious and call the client.  Ditto if ten clients empty their accounts on the same day.

Either way, the thief still has to get the stolen cash out of the bank, within a couple of days at most.  That is risky because accounts owners must provide identity, and cash can be traced across multiple bank transfers.   The thief cannot open thousands of accounts to receive the stolen money.  And so on.

Credit card theft has similar difficulties and risks.

Therefore, it is not surprising that bitcoin thefts are already so common, in spite of the small "market" and the novelty of the concept.  Bitcoin theft must be the hottest thing in the black hacking field now.  Bitcoin is still wearing diapers, and yet bitcoin theft already amounts to well over 500 million dollars -- perhaps more than all the money that has been invested in bitcoin ventures so far (SMBIT, for instance, has got only 50 million).

As bitcoins become more widely used, we can be sure that the hackers who now steal credit cards will turn their weapons to bitcoins. 

underpriced ccmf?

What does this has to do with bitcoin ?

I remember when JorgeStolfi pretended to be unbias towards Bitcoin, and actually enjoyed his rational counter-arguments against BTC.

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

Explanation

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.

Research MPesa...