Is anyone else starting to become a bit excited?

This looks like the last cycle. Bitcoin the first to do very well, then the money flows from bitcoin to the alt coins. All this talk about global reset from the global elites and the nation wide election fraud in the US is making those with liquid reserves nervous about what's coming down the line. A hedge in crypto would be reasonable now.

one world order wrote: »

This looks like the last cycle. Bitcoin the first to do very well, then the money flows from bitcoin to the alt coins.

Yup, but just because it happened in 2017 doesn't automatically mean it will follow that pattern this time, so we shouldn't fall into that trap. If anything, each bull and small run (so far) has been different

Off the top of my head..

2013: BTC bull
Early 2017: BTC, Eth, plus new alt wave bull
Late 2017: BTC flowing into all alts insane bull
Early 2019: LTC + BTC + exchange coins run
Late 2019: BSV run created a small alt revival
Mid 2020: DeFi run
Autumn 2020-present: BTC + Eth led bull, apart from outliers and defi coins, traditional alts relatively stagnant

price could buckle when people realize there is 100 million satoshi in a bitcoin....

100million multiplied by 21 million is not a very scarce thing.......when a satoshi is worth 28k ill buy a few:p

Irish_rat wrote: »

To those that have been affected by the ledger attack, would advise removing 2fa from your sim card. Use some other authentication method provided by the exchange.

There has been loads of stories of sim swaps on reddit. "not your keys, not your crypto"

If the name, phone number and email address associated to an exchange account* have been exposed as part of the leak ... I’d say it is very urgent to change at least the email address or the phone number associated to the account (if not both). Clearly some hackers will go through the list and see how they can use it to try and gain access to accounts on all major crypto online platforms - so it is better for any account to be as different as possible from the data on the ledger leak (not just to protect the account from SIM swap, but also any social engineering attempts on the platform’s customer service). Plus as you said, if supported it is a good idea to switch to a 2FA method which is not based on text messages (nor on emails or automated phone calls).

Having said that, I think the likelihood of SIM swaps attacks in Ireland is not as high as it might be in other countries ... but better be safe than sorry.

* or any account with a major online provider (Google, Apple, Facebook, etc) which is holding critical and private data, or any account with a major financial institution in the country listed on the leak.

Irish_rat wrote: »

It's good to have a portfolio of 6-7 coins IMO. Spread the risk some bit.

I agree, and usually that's how my own pot is spread but I went back to almost all cash a few weeks ago and will be liquidating the Link at some point soon too hopefully.

Lads any idea whats going on with swipe. I bought a small bit a good few months back but dodnt really look at it. Os it having issues?

Stormington wrote: »

Looks like binance are suppressing the price to keep the buy-in of the card at a minimum.

Fwiw, I think that as it is 150.00 (approx) for 300 sxp which gives 2% cashback in BTC on all purchases, it is a great time to sign up for their visa card. The token itself will be held down though.

Just to dig a little deeper but how would they suppress it.
Good advice about the card

seannash wrote: »

Just to dig a little deeper but how would they suppress it.
Good advice about the card

You open a long on ftx, their bot opens a short. They control the supply.

Bob24 wrote: »

The latest data published this morning illustrates the above. In December Greyscale alone purchased about 2.5 times the quantity of BTC which were mined during the month.

Good for the price of BTC, but I have to say this level of concentration is starting to concern me a bit. I have no issue with institutions buying BTC through trusts and funds, but I’d rather see the emergence of other large options and less accumulation by a single mammoth player (Grayscale is in the process of becoming a systemic risk for the BTC ecosystem).

I don't see how it is too concerning though because they're just an investment fund/custody holder for individuals, no? As in for each BTC they're buying, there's an individual behind the purchase that's made the order, and GS are simply holding it for them for a premium

Also that premium is 30% above the actual current value and a 2% yearly fee by the way, which is absolutely nuts. But lots of people seem to be availing of this because of the fact they can get exposure to BTC within their retirement funds. I'd say as more competitors come along, maybe even an ETF, they could end up losing some business

Bob24 wrote: »

Yes I have no problem from that perspective. My concern is more that if something bad and major happens to them (theft of assets, hack, legal issues, or whatever else), the impact on the BTC ecosystem could be massive - especially in terms of institutional adoption. Their size makes them a perfect target/SPOF, and it would also maximise the number of impacted institutions shall something wrong (compared to having institutional assets spread across a dozen of smaller Greyscales and one of them hitting a roadblock).

That's actually true thinking about it more. I'd say at their level though they'd have some top notch security measures and protocols for the actual coins themselves, or at least you'd hope so. Would like to see first hand the more complex methods of securing coins that some people/institutions use, like the way the Winklevoss twins have their keys split and stored in separate areas of the US

Xmr, dash and zec to be delisted from bittrex

There goes $30k. Blew past it to straight to 30,300 in a matter of seconds.

It tipped $30,946 on trading view there (Bitstamp).

The historic bull market 30% pull backs will be very easy to handle if it keeps rising like this.