Is anyone else starting to become a bit excited?

cnocbui · 22-02-2021 06:24PM

pioneerpro wrote: »

Fair enough, peoples risk profiles are different. I'm holding 5 years+ on hardware wallet and have heard/seen plenty of absolute horror stories to make me happy to recommend them to anyone who doesn't have a lot of tech acumen. You probably know how to secure your stuff. For others, €60 is not much vs the time-sink of researching and keeping up to date with vulnerabilities. YMMV.

I'm 5 years holding without a hardware wallet. As you say: MMV.

BizWiz66 · 22-02-2021 06:44PM

EagererBeaver wrote: »

Their fees are disgraceful. Binance a better option and you can deposit fiat via SEPA.

Coinbase fees are good, you just need to use https://pro.coinbase.com/ rather than coinbase.com. You can transfer funds from coinbase to coinbase Pro in real time for free and do your transaction from coinbase Pro.

olestoepoke · 22-02-2021 06:59PM

thunderdog wrote: »

Link got all the way down to €11.80 on kraken, back up to €20+ now

Jumping between 14-21 at the moment, some gains to be made if you can get in a trade request. Server throwing up errors

Really? Are you talking about Chainlink? Because coin market is showing its lowest at €21.7 around 2ish today

olestoepoke · 22-02-2021 07:01PM

pioneerpro wrote: »

Fair enough, peoples risk profiles are different. I'm holding 5 years+ on hardware wallet and have heard/seen plenty of absolute horror stories to make me happy to recommend them to anyone who doesn't have a lot of tech acumen. You probably know how to secure your stuff. For others, €60 is not much vs the time-sink of researching and keeping up to date with vulnerabilities. YMMV.

Didn't ledger have a bit of scandal? A data breach I believe it was.

seannash · 22-02-2021 07:04PM

Is it going to drop again?

22-02-2021 07:09PM

seannash wrote: »

Is it going to drop again?

Yes at 11.42

startrek56 · 22-02-2021 07:24PM

maniac2003 wrote: »

Is there a need to set up a wallet with coinbase or can purchases just be left there without issue?

no idea, im all new to this, trying to get my head around it...

anyone that would like to explain in plain English, 3 basic steps for getting set up i would be very grateful...

just to say i have created both a kraken and coinbase account...

dont seem to be able to transfer money from my bank account or revolut account to kraken

coinbase fees seem very high, so havent deposited any money yet, but anyone with some advice would be very welcome

thanks

pioneerpro · 22-02-2021 07:44PM

olestoepoke wrote: »

Didn't ledger have a bit of scandal? A data breach I believe it was.

I'm laughing at the like on your post, but not your fault.

They'd a customer info DB leaked - names and eMails. Nothing whatsoever to do with their hardware wallets which are uniquely seeded and local to you - nor can you ever be 'breached' via the company for the same reason. They don't hold public keys, and you seed your local device uniquely, so it's basically of no relevance.

Unlike software wallets, your private key unknown to you. You've a mnemonic seed that you keep offline as a one-time pad. It's the equivalent of a TPM for anyone else who works in Enterprise IT. It's also best practice. Really not sure why there's even an argument against them for the cost/benefit provided, but its not something I'd be terribly interested in arguing about. Individual Risk profiles etc...

tl;dr - The seed phrase is what's important, and an offline piece of paper cannot be hacked/phished or whatever other attack vector you can think of.

olestoepoke · 22-02-2021 07:49PM

pioneerpro wrote: »

I'm laughing at the like on your post, but not your fault.

They'd a customer info DB leaked - names and eMails. Nothing whatsoever to do with their hardware wallets which are uniquely seeded and local to you - nor can you ever be 'breached' via the company for the same reason. They don't hold public keys, and you seed your local device uniquely, so it's basically of no relevance.

Unlike software wallets, your private key unknown to you. You've a mnemonic seed that you keep offline as a one-time pad. It's the equivalent of a TPM for anyone else who works in Enterprise IT. It's also best practice. Really not sure why there's even an argument against them for the cost/benefit provided, but its not something I'd be terribly interested in arguing about. Individual Risk profiles etc...

tl;dr - The seed phrase is what's important, and an offline piece of paper cannot be hacked/phished or whatever other attack vector you can think of.

Oh ok I see, Ive my coins on Trust wallet, I considered a cold wallet but just too lazy to buy one and transfer them.

Irish_rat · 22-02-2021 08:00PM

pioneerpro wrote: »

I'm laughing at the like on your post, but not your fault.

If they know your address they can break your legs to get that 12 word seed phrase.

Irish_rat · 22-02-2021 08:01PM

olestoepoke wrote: »

Oh ok I see, Ive my coins on Trust wallet, I considered a cold wallet but just too lazy to buy one and transfer them.

Trust wallet will do just fine for now. Split it across a few wallets. Metamask and atomic are ones I also use

pioneerpro · 22-02-2021 08:06PM

Irish_rat wrote: »

If they know your address they can break your legs to get that 12 work seed phrase.

I think everyone knows this one already, but I'll never get sick of reposting it

cnocbui · 22-02-2021 08:24PM

pioneerpro wrote: »

I think everyone knows this one already, but I'll never get sick of reposting it

An interesting thing about military history is that if you ask most people what pre gunpowder weapon was the most effective and killed the most people, they are most likely to say sword or bow, but the spear/pike was the real killer.

Keep one of these to hand and fear not the wrench:

Polesaw_02.progressive.jpg?v=1607502421

cnocbui · 22-02-2021 08:31PM

pioneerpro wrote: »

I'm laughing at the like on your post, but not your fault.

They'd a customer info DB leaked - names and eMails. Nothing whatsoever to do with their hardware wallets which are uniquely seeded and local to you - nor can you ever be 'breached' via the company for the same reason. They don't hold public keys, and you seed your local device uniquely, so it's basically of no relevance.

Unlike software wallets, your private key unknown to you. You've a mnemonic seed that you keep offline as a one-time pad. It's the equivalent of a TPM for anyone else who works in Enterprise IT. It's also best practice. Really not sure why there's even an argument against them for the cost/benefit provided, but its not something I'd be terribly interested in arguing about. Individual Risk profiles etc...

tl;dr - The seed phrase is what's important, and an offline piece of paper cannot be hacked/phished or whatever other attack vector you can think of.

And I'm laughing at you, laughing at me:

Additionally, around 9,500 customers had other information exposed including names, shipping addresses, and phone numbers.

thunderdog · 22-02-2021 08:38PM

olestoepoke wrote: »

Really? Are you talking about Chainlink? Because coin market is showing its lowest at €21.7 around 2ish today

Yeah, a few other coins had a similar drop on Kraken at the same time:

Chainlink: €11.80
Ethereum: €880
Polkadot: €12.11
Cardano: 56c

Coinmarketcap prices are based on volume weighted averages across multiple exchanges

pioneerpro · 22-02-2021 08:46PM

cnocbui wrote: »

And I'm laughing at you, laughing at me:

It'd be maybe... the 6th time my shipping address has been leaked? Amazon, Dropbox, Bank of Ireland, AIB and Facebook included - of the ones I'm aware of and have been disclosed of course. Not sure what relevance it has to security best practice in relation to crypto.

To add to my address and full name, I could publish my mothers maiden name, my date of birth, and my inseam, and I'd still be no more at risk re:my private key than if they had nothing.

Good exercise for anyone who's unaware of this site:
https://haveibeenpwned.com/

BrandonBay86 · 22-02-2021 08:53PM

Thieves more than likely would prefer to have a go at robbing a house with a nice car outside it in a nice neighbourhood than any crypto degens house where they might be lucky enough to 1) find them still living there 2) have a ledger with a few quid on it 3) prepare to beat said person and face mega jail time if ever found out. I’m no burglar but I know which option seems easiest & better risk reward.

They’d have multiple ledgers too with unknown amounts on them in unknown locations. Actually I’d say ledger did alright out of this so far with those on the list potentially buying even more ledgers as decoys!

olestoepoke · 22-02-2021 09:21PM

thunderdog wrote: »

Yeah, a few other coins had a similar drop on Kraken at the same time:

Chainlink: €11.80
Ethereum: €880
Polkadot: €12.11
Cardano: 56c

Coinmarketcap prices are based on volume weighted averages across multiple exchanges

Again, Dots lowest price today was €25.83, according to coin gecko. Are you saying thats inaccurate and its lowest price was €12.11 because thats a substantial difference. There was an exchange where the price was that low? Kraken? I'm not having a go at you, just a little confused. Kraken says Dot's low was €22.00 at 2.25 today. But that the 24hr low was €12. What am I missing here?

bfa1509 · 22-02-2021 09:28PM

I'm only seeing what happened in the last 12 hours now. Do we know what caused it? Not keen on reading back 3 pages of the thread...

thunderdog · 22-02-2021 09:28PM

olestoepoke wrote: »

Again, Dots lowest price today was €25.83, according to coin gecko. Are you saying thats inaccurate and its lowest price was €12.11 because thats a substantial difference. There was an exchange where the price was that low? Kracken?

Yeah, type in trade.kraken.com/markets and you will see the 24hr high/low there

Unearthly · 22-02-2021 09:32PM

olestoepoke wrote: »

Again, Dots lowest price today was €25.83, according to coin gecko. Are you saying thats inaccurate and its lowest price was €12.11 because thats a substantial difference. There was an exchange where the price was that low? Kraken? I'm not having a go at you, just a little confused. Kraken says Dot's low was €22.00 at 2.25 today. But that the 24hr low was €12. What am I missing here?

Seen a few people on reddit obliterated because of leveraged positions and are saying it's because of the really low price points compared to other exchanges.

Dodgy stuff but if you play with leveraged trades then you need to be prepared to get burned alive with reckless risk management

bfa1509 · 22-02-2021 09:33PM

olestoepoke wrote: »

Again, Dots lowest price today was €25.83, according to coin gecko. Are you saying thats inaccurate and its lowest price was €12.11 because thats a substantial difference. There was an exchange where the price was that low? Kraken? I'm not having a go at you, just a little confused. Kraken says Dot's low was €22.00 at 2.25 today. But that the 24hr low was €12. What am I missing here?

*Kraken- 15min per candle

olestoepoke · 22-02-2021 09:37PM

I saw the drop today and monitored it on Binance Pro and coin market, both link and dot never fell below €25 on those sites. What type of sorcery is this because if Id have seen them drop that low I'd have definitely bought more.

bfa1509 · 22-02-2021 09:40PM

olestoepoke wrote: »

I saw the drop today and monitored it on Binance Pro and coin market, both lint and dot never fell below €25 on those sites. What type of sorcery is this because if Id have sen them drop that low I'd have definitely bought more.

I'd say some poor b*strd had a stop loss set at 12.5 USD and it filled...

This is why I never set stop losses.

olestoepoke · 22-02-2021 09:49PM

So is Kraken always more accurate? Should I switch from Binance?

bfa1509 · 22-02-2021 09:54PM

olestoepoke wrote: »

So is Kraken always more accurate? Should I switch from Binance?

Not really sure how it works. I'd say it's good not to keep all your eggs in one basket. I have about a third of my holding in a coinbase account but do a lot of the shifting in Kraken as I like the pro interface.

thunderdog · 22-02-2021 09:54PM

olestoepoke wrote: »

So is Kraken always more accurate? Should I switch from Binance?

Not more accurate, just less trade volume in comparison to coinbase

sundodger5 · 22-02-2021 10:06PM

Is 12.11 not the time?

bfa1509 · 22-02-2021 10:09PM

sundodger5 wrote: »

Is 12.11 not the time?

Yes, time to double up!

olestoepoke · 22-02-2021 10:10PM

bfa1509 wrote: »

Yes, time to double up!

Is anyone else starting to become a bit excited?

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