Tmac
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Post the chart and reference it.
In fact, it would be helpful for anyone referencing a chart to post it so we can all know what you’re referring to.
Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Post the chart and reference it.
In fact, it would be helpful for anyone referencing a chart to post it so we can all know what you’re referring to.
Tmac
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Sanrith Descartes
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For those saying the Fed's lied and just spent 2.4m and claiming it was captured. It seems the Fed's were able to find the address and access with a private key.
Rajaah
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A few weeks ago there was a weekend and a Monday where I scored record crypto profits. Had doubled or tripled my buy-ins in some cases. I thought about cashing out in case of a crash, but didn't. The next day was that Reuters fake news and the massive crash. I could have doubled my money again if I sold that Monday and bought back a couple weeks later.
Unfortunately I'm not psychic. Getting out and waiting for a dive is a great move, but usually it's something you see more clearly with hindsight. Since we don't know what's going to happen, holding is probably better than trying to wheel and deal, which can just as easily end up with you losing as much as you're gaining.
Nobody has ever lost money buying and holding Ethereum or BTC for 3-4 years. Ideally you get out when it's high and get back in when it's low, but unless you're a pro, leaving it alone is probably the move.
To answer the question, we probably aren't at the bottom of the current bear cycle, but we're not far from it IMO. I suspect it's going to bounce up and down in the low range for a while, rebound a good amount in the Winter, then continue treading until 2024 or 2025 when we have the next massive spike. That's just my prediction. Who knows yet.
Whatever you do, don't panic sell if it does have a temporary nosedive.
Arden
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Well the first step is figuring out if we are still in the Distribution Phase or if we have moved to the Accumulation Phase. I have a hard time believing what we have been seeing has not been accumulation, but I could definitely be wrong. Here are the two charts:
It seems to me that if we are somehow still in the Distribution Phase, we would just now be entering Phase E, based on where we are now in relation to support lines.
Alternatively, if we are in the Accumulation Phase, we could either be in Phase B or Phase C, since both have us dropping below support.
I'm not really making any assertions since I'm not an analytics guy, just trying to understand where
Haus
thinks we are.
Furry
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It does little to explain how they got the private key. Did the hacking group go full tard and leave it available on a server for the FBI to raid and discover the key? I was leaning that way, but I don't see any mention of a server or any material object seized that would contain the key, and if they discovered it that way, it almost certainly WOULD be in such an affidavit. Now I'm almost certain there was some sort of NSA foolery involved in this. I'm going with level 1 intercept, or the big-brains on top just revealed that letter boys have compromised SHA-256 over chump change. Probably the prior.
Sanrith Descartes
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The ZH article mentions that the Feds wont reveal how they accessed things "in case we need to do it again".
My guess is either "stupidity" on behalf of the perps, it was on a US based exchange and they strongarmed them or the $5 hammer solution.
Arden
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Prevailing theory is that it was a US Based Exchange in CA and they obtained a warrant.
Sanrith Descartes
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That would be the most likely answer. Most companies dont have the balls to face down the Fed's full court press. Easier to just say " not our fault they had a warrant"
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Tmac
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It seems to me that if we are somehow still in the Distribution Phase, we would just now be entering Phase E, based on where we are now in relation to support lines.
Alternatively, if we are in the Accumulation Phase, we could either be in Phase B or Phase C, since both have us dropping below support.
I'm not really making any assertions since I'm not an analytics guy, just trying to understand where
The more I look at it, the more I still think we're in phase E of distribution moving towards/into Phase A of accumulation. (which I believe overlap one another) I don't think we've reached the SC point of phase A of accumulation yet. I think we still need to set that low. Which it looks like we're moving towards. This also puts me on high alert for a temp rally and "bear trap" before moving to the ST for phase B.
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Furry
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No, that's just too dumb. Surely someone that dumb can't even operate a computer.
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Arden
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Have you read the comments section on news sites? Some pretty fucking stupid people operate computers.
From what I understand the whole plan was super amateur/unsophisticated. They managed to get a user name/pw from someone and that's how they got in. They were probably surprised at their own success and didn't even have a plan to handle the ransom.
Edit: According to the CEO of Colonial, the Colonial system that was involved in the hack used only single factor authentication...
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Sanrith Descartes
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Bounced at $31,067. I was pretty damn close.BTC sub-32k.
edit: Bounced slightly at $31,600.
"$31027, $31275 and $31,030."
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Tmac
Adventurer
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Well the first step is figuring out if we are still in the Distribution Phase or if we have moved to the Accumulation Phase. I have a hard time believing what we have been seeing has not been accumulation, but I could definitely be wrong. Here are the two charts:
View attachment 357366
View attachment 357367
It seems to me that if we are somehow still in the Distribution Phase, we would just now be entering Phase E, based on where we are now in relation to support lines.
Alternatively, if we are in the Accumulation Phase, we could either be in Phase B or Phase C, since both have us dropping below support.
I'm not really making any assertions since I'm not an analytics guy, just trying to understand where
IDK what I'm doing here, but here's an overlay...
Mist
REEEEeyore
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More than one person had the key (to prevent one criminal from dicking over the other criminals) and it was somehow stored or transmitted poorly at some point and got either intercepted or seized. Either that or the "payment server" itself had some kind of API function that had the key in the code, and they seized a server with the source code for the payment API, and got it that way.
There's a lot of ways to fuck up when storing this kind of information if you're going to be doing any kind of automated transactions with a "payment server."
There's a lot of ways to fuck up when storing this kind of information if you're going to be doing any kind of automated transactions with a "payment server."