$32,976 LS, Classic H & S chart pattern, in BTC, I am flat, looking to get long below $30K, feels like we can go to $25K next trip down.
If I told you then I'd have to ...Working on how to hack it? Just a guess.
People who think that 12% returns are long term possibilities, or that anything cannot be hacked given time, I have a guy to contact for another sure fire wonderful beyond reality investment plan:
Bernie Madoff. Oh wait, he's dead, who took over for him?
$32,976 LS, Classic H & S chart pattern, in BTC, I am flat, looking to get long below $30K, feels like we can go to $25K next trip down.
The trend is down IMO, still on the sidelines, keeping any eye on the volume of these CME traded futs, BTCN1Instructions unclear. I ll just continue stacking those sats 😉.
I think the 50 DMA will keep rejecting us for a couple of weeks.
Well, yeah. But they could just as well be working on how to hack central banks, hedge funds and stock exchanges......
You need to understand the technology behind it. The blockchain itself hasn't been hacked, but the software where it is kept has been. There are various methods to keep your crypto safe, an online wallet or exchange isn't one of them. However a cold wallet, which is hardware based and off line is as safe as any bank.![]()
WSJ News Exclusive | Ransomware Hackers Demand $70 Million to Unlock Computers in Widespread Attack
The chief executive of Kaseya, the company whose software was targeted in the attack, told the White House that it wasn’t aware of any critical infrastructure that had been hit by the ransomware.www.wsj.com
Off course, block chain is incapable of being hacked or traced, until it is. Gimme a break, eh?
You need to understand the technology behind it. The blockchain itself hasn't been hacked, but the software where it is kept has been. There are various methods to keep your crypto safe, an online wallet or exchange isn't one of them. However a cold wallet, which is hardware based and off line is as safe as any bank.
I will put it this way. I don't want to understand the blockchain technology. At least beyond the videos and wicki's I have seen and where I have read about it.You need to understand the technology behind it. The blockchain itself hasn't been hacked, but the software where it is kept has been. There are various methods to keep your crypto safe, an online wallet or exchange isn't one of them. However a cold wallet, which is hardware based and off line is as safe as any bank.
I agree that explaining how the blockchain technology works is complicated. I have tried to get a basic understanding of how it works, but that's as far as my understanding goes. The actual mathematics and coding behind it way beyond my simple brain.Maybe I misread the article from the CTO of Ledger, a cold wallet provider, or the story concerning the hack of Ledger;
![]()
Cryptocurrency Hardware Wallets Can Get Hacked Too
New research shows vulnerabilities in popular cold-storage options that would have revealed their PINs.www.wired.com
![]()
After Ledger Hack, Who Can You Trust For Bitcoin Storage?
Ledger was hacked in the summer. It seems no one lost any Bitcoin. Is it worth trusting these entities for safety, or just buy the latest ETF?www.forbes.com
Either way, it is all vulnerable.......in spite of statements to the contrary.
I have looked at crypto currencies and find that few people really understand and/or can explain them to the general public, particularly on how they will fit into the economic mix. For that reason alone, they are likely to remain on the fringe for sometime.
What I do see coming is a rise of more country specific Digital Currencies..............and while crypto is a commodity..........it is not, nor probably ever will be, a currency.......certainly not without government regulations of some sort.........which is antithetical to the very reason crytpo exists.
If one truly believes one of the main arguments about why crypto is the perfect solution to fiat currency.................then I suggest owning physical gold to be a better alternative.
Respectfully,
Playacaribe2
There are no currencies today that I am aware of that are backed by gold.I agree that explaining how the blockchain technology works is complicated. I have tried to get a basic understanding of how it works, but that's as far as my understanding goes. The actual mathematics and coding behind it way beyond my simple brain.
One day there will be future where the value of currency will not depend on heavy metal, which is difficult to move, store and protect. After all what is the value of a dollar based on today? Are you sure it's gold?
![]()
WSJ News Exclusive | Ransomware Hackers Demand $70 Million to Unlock Computers in Widespread Attack
The chief executive of Kaseya, the company whose software was targeted in the attack, told the White House that it wasn’t aware of any critical infrastructure that had been hit by the ransomware.www.wsj.com
Off course, block chain is incapable of being hacked or traced, until it is. Gimme a break, eh?
Maybe I misread the article from the CTO of Ledger, a cold wallet provider, or the story concerning the hack of Ledger;
![]()
Cryptocurrency Hardware Wallets Can Get Hacked Too
New research shows vulnerabilities in popular cold-storage options that would have revealed their PINs.www.wired.com
![]()
After Ledger Hack, Who Can You Trust For Bitcoin Storage?
Ledger was hacked in the summer. It seems no one lost any Bitcoin. Is it worth trusting these entities for safety, or just buy the latest ETF?www.forbes.com
Either way, it is all vulnerable.......in spite of statements to the contrary.
I have looked at crypto currencies and find that few people really understand and/or can explain them to the general public, particularly on how they will fit into the economic mix. For that reason alone, they are likely to remain on the fringe for sometime.
What I do see coming is a rise of more country specific Digital Currencies..............and while crypto is a commodity..........it is not, nor probably ever will be, a currency.......certainly not without government regulations of some sort.........which is antithetical to the very reason crytpo exists.
If one truly believes one of the main arguments about why crypto is the perfect solution to fiat currency.................then I suggest owning physical gold to be a better alternative.
Respectfully,
Playacaribe2
Ledgers were not hacked. Your crypto is still safe on a ledger ( well the access route to your crypto on the Blockchain ).
However Ledger--- the company--- suffered a hack and the emails and addresses of people who bought a ledger off them were leaked.
Resulted lots of phisging attempts.
That said if one can be so easily coerced into handing over your private keys to a phisher, one should not be one's own bank, and just stick with expensive Banksters.
El Savador has adopted bit coins as a second currency along with the dollar.How convinient is that for the government to operate OUTSIDE of financial oversight? It "works" something like this: One may deal in bit coins and get money in El Salvador. Go to a government machine called "Chivo ATM" and get dollars that the government has funded. But government only has so many dollars. Of course. Then what happens?? Well that's the "beauty" of bit coins. lol. Who knows? What's the value of a bit coin in El Salvador? Who knows??
Can it happen here? Si! I'm certain there are many variations of how bit coins are being used without financial transparency in the DR. How? Who knows?? LOL.
Incidentally, if you sign up with Crypto.com you can buy digital dollars (USDT) and stake them and earn 12% interest. Better than any bank!