Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31611.

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: rpietila on November 25, 2013, 02:44:21 PM

Quote from: ?? on ??

Quote from: UnDerDoG81 on November 25, 2013, 02:06:59 PM

The red dragon is really falling. Not sure if the crash will come or not. Everybody is waiting for a price dump and as soon as it goes under 800 everybody buys coins like wild. I´m not sure anymore if we will easily go through the 1000$ because it looks not attractive to trade 1000 to get 1.

Trust me I won't buy like crazy just under 800...People forget that one week ago it dropped in the 400s and 1 month ago it was in the low 200s.

The sad truth is that there is no "buying like crazy" going on. If it continues to fall, a rout is much more probable than a buying frenzy.

China is falling, with lots of coins listed for sale and no corresponding buyers.

Is the fact it's the middle of the night there not a factor?

miningnew

hero member

Activity: 854

Merit: 501

Quote from: ardana123 on November 25, 2013, 02:48:16 PM

The great crash is coming.

I see no sign for that

ardana123

hero member

Activity: 504

Merit: 500

The great crash is coming.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: ?? on ??

Quote from: UnDerDoG81 on November 25, 2013, 02:06:59 PM

The red dragon is really falling. Not sure if the crash will come or not. Everybody is waiting for a price dump and as soon as it goes under 800 everybody buys coins like wild. I´m not sure anymore if we will easily go through the 1000$ because it looks not attractive to trade 1000 to get 1.

Trust me I won't buy like crazy just under 800...People forget that one week ago it dropped in the 400s and 1 month ago it was in the low 200s.

The sad truth is that there is no "buying like crazy" going on. If it continues to fall, a rout is much more probable than a buying frenzy.

China is falling, with lots of coins listed for sale and no corresponding buyers.

philip2000uk

sr. member

Activity: 276

Merit: 250

Quote from: micalith on November 25, 2013, 02:24:32 PM

Quote from: wachtwoord on November 25, 2013, 02:12:19 PM

Quote from: micalith on November 25, 2013, 02:07:29 PM

Quote from: justusranvier on November 25, 2013, 02:02:13 PM

Quote from: ardana123 on November 25, 2013, 01:58:59 PM

How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?

The common vulnerability is that they are third parties which hold bitcoins on behalf of other people.

It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe.

is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?

The blockchain is only 23.5 GB. I can't see that being an issue.

It's an issue as it takes a few days, and many mobile devices can't afford that sort of spare space

Quote from: philip2000uk on November 25, 2013, 02:15:33 PM

Just get an address from bitaddress (follow the offline steps) And you can get people to put money into it. Think about the wallet in years to come if you want to withdraw, or i think an atm will work

Thanks, will check it out.

but do the steps of getting an offline computer and shizzle

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

Quote from: ardana123 on November 25, 2013, 01:58:59 PM

http://www.coindesk.com/bitcoin-payment-processor-bips-attacked-1m-stolen/

How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?

"Thefts"

maz

full member

Activity: 140

Merit: 100

Quote from: micalith on November 25, 2013, 02:07:29 PM

Quote from: justusranvier on November 25, 2013, 02:02:13 PM

Quote from: ardana123 on November 25, 2013, 01:58:59 PM

How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?

The common vulnerability is that they are third parties which hold bitcoins on behalf of other people.

It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe.

is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?

edit: sorry OT

Trezor will put a stop to many security issues.

I'm really looking forward to it.

micalith

hero member

Activity: 894

Merit: 501

Quote from: justusranvier on November 25, 2013, 02:24:15 PM

Quote from: micalith on November 25, 2013, 02:07:29 PM

is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?edit: sorry OT

Electrum doesn't download the entire blockchain.

On the other hand, I have a hard time seeing why people who hold significant amounts of bitcoin can't afford a decent computer such that storing the blockchain is a prohibitive.

Ah, that's more like it.

It's really for people who are testing the waters with not so significant amounts of bitcoin

micalith

hero member

Activity: 894

Merit: 501

Quote from: wachtwoord on November 25, 2013, 02:12:19 PM

Quote from: micalith on November 25, 2013, 02:07:29 PM

Quote from: justusranvier on November 25, 2013, 02:02:13 PM

Quote from: ardana123 on November 25, 2013, 01:58:59 PM

How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?

The common vulnerability is that they are third parties which hold bitcoins on behalf of other people.

It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe.

is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?

The blockchain is only 23.5 GB. I can't see that being an issue.

It's an issue as it takes a few days, and many mobile devices can't afford that sort of spare space

Quote from: philip2000uk on November 25, 2013, 02:15:33 PM

Just get an address from bitaddress (follow the offline steps) And you can get people to put money into it. Think about the wallet in years to come if you want to withdraw, or i think an atm will work

Thanks, will check it out.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: micalith on November 25, 2013, 02:07:29 PM

is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?edit: sorry OT

Electrum doesn't download the entire blockchain.

On the other hand, I have a hard time seeing why people who hold significant amounts of bitcoin can't afford a decent computer such that storing the blockchain is a prohibitive.

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: micalith on November 25, 2013, 02:07:29 PM

Quote from: justusranvier on November 25, 2013, 02:02:13 PM

Quote from: ardana123 on November 25, 2013, 01:58:59 PM

How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?

The common vulnerability is that they are third parties which hold bitcoins on behalf of other people.

It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe.

is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?

edit: sorry OT

I am guessing Multibit (lightweight client, you control your own wallet files --> so put a password on it, and make sure your computer isn't full of viruses)

philip2000uk

sr. member

Activity: 276

Merit: 250

Quote from: micalith on November 25, 2013, 02:07:29 PM

Quote from: justusranvier on November 25, 2013, 02:02:13 PM

Quote from: ardana123 on November 25, 2013, 01:58:59 PM

How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?

The common vulnerability is that they are third parties which hold bitcoins on behalf of other people.

It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe.

is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?

edit: sorry OT

Just get an address from bitaddress (follow the offline steps) And you can get people to put money into it. Think about the wallet in years to come if you want to withdraw, or i think an atm will work

philip2000uk

sr. member

Activity: 276

Merit: 250

Quote from: jojo69 on November 25, 2013, 01:34:14 PM

Quote from: philip2000uk on November 25, 2013, 01:31:03 PM

this girl is ignorant

what, exactly, is your problem

She's ignoring me. Because i said that singapore airport is nice, she even made the point that she's clicking ignore for that fact. So i just wanted to reply to her

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: micalith on November 25, 2013, 02:07:29 PM

Quote from: justusranvier on November 25, 2013, 02:02:13 PM

Quote from: ardana123 on November 25, 2013, 01:58:59 PM

How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?

The common vulnerability is that they are third parties which hold bitcoins on behalf of other people.

It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe.

is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?

The blockchain is only 23.5 GB. I can't see that being an issue.

micalith

hero member

Activity: 894

Merit: 501

Quote from: justusranvier on November 25, 2013, 02:02:13 PM

Quote from: ardana123 on November 25, 2013, 01:58:59 PM

How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?

The common vulnerability is that they are third parties which hold bitcoins on behalf of other people.

It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe.

is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?

edit: sorry OT

UnDerDoG81

legendary

Activity: 2184

Merit: 1213

The red dragon is really falling. Not sure if the crash will come or not. Everybody is waiting for a price dump and as soon as it goes under 800 everybody buys coins like wild. I´m not sure anymore if we will easily go through the 1000$ because it looks not attractive to trade 1000 to get 1.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: ardana123 on November 25, 2013, 01:58:59 PM

How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?

The common vulnerability is that they are third parties which hold bitcoins on behalf of other people.

It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: NUFCrichard on November 25, 2013, 01:43:06 PM

Is he still a friend?

Yes indeed, now I'm a "genius" for him.

Last funny thing: he told me at the beginning of October: "hey man, $10k is a lot of money for me, I think I will sell, if then "some day" Bitcoin arrives to $1k x BTC I will hit myself in the head, but now I know that I could use the money..."

I told him: "$1k per coin? That's nothing. That's around the corner. We will go through $1k before you can even notice it, like a hot knife through butter". So he decided to hold a little more... And like 5 days later the rally began Cheesy

The guy is now so happy you can't even believe it. But, bad thing, he is now fully convinced that he has to hold forever and he will probably become a billionaire with his 70 coins. I told him many times: do not forget to reap some profits on the way up, this thing could very well go to 0 at some point... At least enjoy some of the profit, never go full fiat and always keep the vast majority of your coins for the long run, but don't be greedy and sell some on the way up, you need to give a piece of the pie also to the ones coming behind you Wink

ardana123

hero member

Activity: 504

Merit: 500

http://www.coindesk.com/bitcoin-payment-processor-bips-attacked-1m-stolen/

How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?

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