Is anyone else starting to become a bit excited?

Dohnjoe · 19-12-2020 06:25PM

I was hoping it would flat/fall today (and for a few days at least), if it keeps climbing like this without a decent pause could trigger a bit of a panic drop.

q85dw7osi4lebg · 19-12-2020 06:32PM

Dohnjoe wrote: »

I was hoping it would flat/fall today (and for a few days at least), if it keeps climbing like this without a decent pause could trigger a bit of a panic drop.

It could drop $5000 and still close the weekly candle green.

Bought some more today at $24,500, you get feck all for your fiat money now.

Irish_rat · 19-12-2020 07:46PM

jmlad2020 wrote: »

I've just logged in via the Coinbase website and after answering a few simple questions such as stating my Nationality.. I'm back. I can trade fully again.

LTC is on a tear, I might sell for the time being and buy back in.

Yeah I did the same thing earlier, tempted to empty out now before they end up locking out altogether.

Dohnjoe · 19-12-2020 10:10PM

Addison Fancy Macrame wrote: »

It could drop $5000 and still close the weekly candle green.

Bought some more today at $24,500, you get feck all for your fiat money now.

Some of us don't just have BTC, I don't want it to overheat before (if) we have a proper alt run

antgal23 · 20-12-2020 10:04AM

Lex Luthor wrote: »

I think its very likely

If my alts continue to pump I might convert to cash, wait for correction and reload into BTC

I just need to buy that crystal ball from Tesco so I can pick a top and bottom rofl

new2tri19 · 20-12-2020 10:31AM

Apologies to all the Bitcoin experts I'm reading and trying to understand it I'm tempted to invest I go on coinbase and I see all these coins loads of them , are they all competing to be the main digital gold or have we digital gold / silver etc ?

I'm tempted to move some savings to Bitcoin and hold for 10-20 years , I suppose the fear I have is this seems like a huge gamble the technology behind it is exciting but it could be surpassed by something better in the next few years. I'm not interested in trading it, do most people here buy to trade or is anyone sticking a portion of savings in long term as an investment?

jmlad2020 · 20-12-2020 12:17PM

new2tri19 wrote: »

Apologies to all the Bitcoin experts I'm reading and trying to understand it I'm tempted to invest I go on coinbase and I see all these coins loads of them , are they all competing to be the main digital gold or have we digital gold / silver etc ?

I'm tempted to move some savings to Bitcoin and hold for 10-20 years , I suppose the fear I have is this seems like a huge gamble the technology behind it is exciting but it could be surpassed by something better in the next few years. I'm not interested in trading it, do most people here buy to trade or is anyone sticking a portion of savings in long term as an investment?

Hi. Think of all the different coins (known as alt coins) similar to the Dot.com boom at the start of the century. Everyone was getting in on this exciting new internet technology and money was flowing in to all sorts of projects, good and bad. Only a few survived (such as Amazon) and many flopped. Few would have successfully predicted this.

Crypto is similar. Maybe a Dozen coins (of 8000 and counting) are actually good and will survive. Bitcoin as has the largest backing and popularity will likely become the winner of all of this, returning great profits for investors. It is smartest to purchase Bitcoin and hold it, I would not recommend trading it at all as it is a highly volatile market and we have seen lots of coins lose value against it.

Disclaimer: Whatever you invest into Bitcoin be prepared to lose it all. If you are new and don't understand the volatility you will be outplayed by smarter investors who know exactly when to sell in each cycle. If you aim to hold it longterm with a cool head then fair play,but be expected to see it rise and fall by $10,000 per day in the next few years.

Ethereum and Bitcoin are good choices but there are others if you take the time to research. Holding for 3-5 years is a good bet, but I would encourage you to lock that up in a Bitcoins savings site like BlockFi, where you can get annual interest on your bitcoin of 6%. No brainer.

grindle · 20-12-2020 12:57PM

new2tri19 wrote: »

I see all these coins loads of them , are they all competing to be the main digital gold or have we digital gold / silver etc ?

Bitcoin dominates the digital gold meme. If you think people will always buy the brand even though it's practically useless on it's own chain at a high price (fees), buy it if that's important to you.

Monero currently dominates the private money meme with Tari in development for very basic contracts. If you think privacy and anti-censorship is what crypto should be "all about", buy it if that's important to you. Probably the most likely to be banned.

Ethereum dominates blockchain contracts/programmability and 95%+ of development in the entire space. If you think simple business functions will be automated but need the best fraud-prevention in the world (a worldwide network approving valuable and possibly time-sensitive contracts), buy it if that's important to you.

There are tons of other projects but if you don't understand what those three do and appreciate their differences or how they can merge together, don't buy any at all.

Lex Luthor · 20-12-2020 03:51PM

for anyone who has not yet got themselves a crypto reward card
if you live in your typical family home, 2+2 and have an approx outgoings of €2k/month that you could afford to spend up front without the need for a credit card, you will get €40/month in rewards from a card offering 2%

If you have €20k in a typical bank savings scheme that is currently offering 0.01% per annum, it would probably take 20 years to get the same amount in interest

Think about that for a second
€2k - 1 month = €40
€20k - 20 years = €40

That gap will widen next year when the banks start charging you for keeping your money

I tried to explain this to someone on Friday night and I needed to take a couple of nurofen after it was that challenging

donnaille · 20-12-2020 03:56PM

Lex Luthor wrote: »

for anyone who has not yet got themselves a crypto reward card
if you live in your typical family home, 2+2 and have an approx outgoings of €2k/month that you could afford to spend up front without the need for a credit card, you will get €40/month in rewards from a card offering 2%

If you have €20k in a typical bank savings scheme that is currently offering 0.01% per annum, it would probably take 20 years to get the same amount in interest

Think about that for a second
€2k - 1 month = €40
€20k - 20 years = €40

That gap will widen next year when the banks start charging you for keeping your money

I tried to explain this to someone on Friday night and I needed to take a couple of nurofen after it was that challenging

Wait until you get to explaining the tax nightmare that using these could cause!

Lex Luthor · 20-12-2020 05:06PM

$DOGE popping off
its usually a leading indicator for altcoin season

makeorbrake · 20-12-2020 05:32PM

Lex Luthor wrote: »

$DOGE popping off
its usually a leading indicator for altcoin season

A knee-jerk to Elon's tweets

q85dw7osi4lebg · 20-12-2020 05:41PM

Elon is Satoshi.

On a serious note Michael Saylor’s brief tweets with him are giving me a horn

Lex Luthor · 20-12-2020 06:18PM

makeorbrake wrote: »

A knee-jerk to Elon's tweets

same happened in May and in previous runs before

If Elon dumps TSLA stock into BTC the internet will break

LedgerSuck · 21-12-2020 02:00AM

Haven't been on boards in a while but said I'd create an account to share this for anyone else whose personal information was compromised as a result of the Ledger hack:

twitter DOT com/_IntelligenceX/status/1340737717211115524

^ can't post links as a new user, can someone please sort it and post it

There are 8 different buyers folders you'll need to search for your info

So Ledger had said only a few thousand people had info such as personal addresses leaked in the hack, but that seems like bull**** now. Names, addresses, emails and phone numbers leaked for loads of people, and if you search 'Ireland' you'll see there's plenty of Irish amongst them. Absolute disgrace, this is fairly worrying

One More Toy · 21-12-2020 05:45AM

LedgerSuck wrote: »

Haven't been on boards in a while but said I'd create an account to share this for anyone else whose personal information was compromised as a result of the Ledger hack:

twitter DOT com/_IntelligenceX/status/1340737717211115524

^ can't post links as a new user, can someone please sort it and post it

There are 8 different buyers folders you'll need to search for your info

So Ledger had said only a few thousand people had info such as personal addresses leaked in the hack, but that seems like bull**** now. Names, addresses, emails and phone numbers leaked for loads of people, and if you search 'Ireland' you'll see there's plenty of Irish amongst them. Absolute disgrace, this is fairly worrying

Balls. That explains the phising email earlier in the week

Bob24 · 21-12-2020 09:04AM

Addison Fancy Macrame wrote: »

Had a look through it, a massive fcuk up that not a lot can be done about. I suppose in one sense most people would know where high net worth individuals may live in their town / village anyway. A good chance if you break into a house on Ailsbury Road you’re going to get away with some valuables. No doubt ledger will do / can do not much to address this.

I’m positively shocked how many Irish people actually own a ledger.

They indeed messed-up big time (both the initial hack and the fact that they underreported the amount of stolen information plus failed to notifiy impacted people accurately).

Clearly, there is nothing they can do about it at this stage. But the last point should at least subject them to a fine under GDPR (it was their duty to inform their regulator and every impacted individual of the specific data items which where compromised).

Lex Luthor · 21-12-2020 09:56AM

a ledger is useless in anyones hands unless you have the phrases

Bob24 · 21-12-2020 10:09AM

Lex Luthor wrote: »

a ledger is useless in anyones hands unless you have the phrases

Well if you have the device in hands, all you need to access the funds is the 4/8 digits PIN (not even the seed phrase).

The question is, if someone shows up at your address courtesy of Ledger’s data breach (since postal addresses are exposed online, every criminal in the world can now search for a list of targets in their local area), and physically threatens you to hand them your device and input the PIN, what do you do?

Raoul · 21-12-2020 10:52AM

Lex Luthor wrote: »

for anyone who has not yet got themselves a crypto reward card
if you live in your typical family home, 2+2 and have an approx outgoings of €2k/month that you could afford to spend up front without the need for a credit card, you will get €40/month in rewards from a card offering 2%

If you have €20k in a typical bank savings scheme that is currently offering 0.01% per annum, it would probably take 20 years to get the same amount in interest

Think about that for a second
€2k - 1 month = €40
€20k - 20 years = €40

That gap will widen next year when the banks start charging you for keeping your money

I tried to explain this to someone on Friday night and I needed to take a couple of nurofen after it was that challenging

Any invitations for a crypto reward card?

q85dw7osi4lebg · 21-12-2020 11:12AM

Bob24 wrote: »

Well if you have the device in hands, all you need to access the funds is the 4/8 digits PIN (not even the seed phrase).

The question is, if someone shows up at your address courtesy of Ledger’s data breach (since postal addresses are exposed online, every criminal in the world can now search for a list of targets in their local area), and physically threatens you to hand them your device and input the PIN, what do you do?

You give them your ledger which has 12 XRP on it

Bob24 · 21-12-2020 11:46AM

Addison Fancy Macrame wrote: »

You give them your ledger which has 12 XRP on it

Would be difficult as the minimum balance on an XRP wallet is 20 ;-)

q85dw7osi4lebg · 21-12-2020 11:52AM

Bob24 wrote: »

Would be difficult as the minimum balance on an XRP wallet is 20 ;-)

Shows how much I know about sh1tcoins !

unkel · 21-12-2020 11:54AM

grindle wrote: »

US debt is currently @ $82.2k per capita, in a country that treats the wealthiest businesses as the most favoured charities. Up from $20.2k per head in the year 2000. It's an obscenity, a very obvious ticking timebomb but somehow not something that's talked about (edit: in any serious manner)

And just announced that every man, woman and child in the US (apart from the very rich) is getting a $600 stimulus "check" from the state. The must have ordered a few more money printing presses :rolleyes: That alone is close to a quarter of a trillion dollars.

Obscene is right. This is not ending well for them. Or us. But it probably is for crypto...

td2008 · 21-12-2020 12:00PM

Anyone have a link to that ledger list or is it gone?
Had started getting phishing emails recently for it which I thought was strange

Lex Luthor · 21-12-2020 12:24PM

just ignore them, they will move on eventually

unkel · 21-12-2020 12:28PM

I always had grave concerns about those ledgers. Not only from a security point of view, but also from a reliability point of view. Solid state media is extremely vulnerable to failure. That's why I never bought one.

And no, I don't leave substantial balances on exchanges either

td2008 · 21-12-2020 12:32PM

Once you have the private key it doesn't matter if the drive itself fails.
Keeping that safe is another issue

makeorbrake · 21-12-2020 12:33PM

td2008 wrote: »

Anyone have a link to that ledger list or is it gone?
Had started getting phishing emails recently for it which I thought was strange

Input your email address here and that will confirm if you're part of the breach. If you've been getting those emails, you almost certainly are. That means the physical address, email address, your name and phone number provided are all exposed.

Aside from phishing emails, anyone on that list could be subject to a $5 wrench attack or sim swapping.

Some have suggested that their data was compromised despite having requested that ledger delete their data. I hope that the company get nailed to the cross under GDPR. The company claimed that only a fraction of their database had been hacked. It's possible that this action alone led the hackers to make this data available to anyone.

In the longer run, it's probably for the best though - as it highlights to all of us that if you submit data to a third party, there's every chance that data will be compromised. Probably best to assume that from the outset.

banie01 · 21-12-2020 12:35PM

unkel wrote: »

I always had grave concerns about those ledgers. Not only from a security point of view, but also from a reliability point of view. Solid state media is extremely vulnerable to failure. That's why I never bought one.

And no, I don't leave substantial balances on exchanges either

I have a ledger, currently it's empty and will remain so now.

The effort to lay blame on a 3rd party is pitiful and at odds with EU data processing and protection rules.

Ledger are the processor and are responsible for the security of the data from beginning to end.
They are the point of failure insofar as they are the controller.

My ledger is getting ditched and I'm going to be forwarding a complaint to ledger and escalating their reply to the ODPC.

That they held the data in a way that allowed a breach to be able reconcile email and physical addresses without salting is mad?

Hardware security, with software security by chocolate teapot.

Is anyone else starting to become a bit excited?

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