Bitcoin Price Thread

Andre@Krypt0 · Jan 14, 2021

ZBZB said:
Bulgaria have $10. Billion in crypto, more than their gold holdings.

Venezuela was once a rich country with one of the world's largest oil reserve.

Tsing Tao · Jan 14, 2021

Andre@Krypt0 said:
Why dont you explain why cloning is not possible since you think your so smart.

First, it's you're. As in "you are". A contraction. Not your.

Second, why should I give you the answer? You stated your answer, not like "I think you could just....right?" but with certainty. Since you're so certain, you don't need me to tell you otherwise.

I didn't know until I looked it up. You try.

GloriaBrown · Jan 14, 2021

Bitcoin transaction vloume is so low per second and it is an old structure problem, no way to solve it. So it has no real practical future. Crazy high price is pure by invisible hand, and another "crisis" is coming for sure in short term after they have sold a lot and you buy from crazy price.

ph1l · Jan 14, 2021

Andre@Krypt0 said:
Why dont you explain why cloning is not possible since you think your so smart.

They certainly make it seem hard to do a brute force attack.
http://support.ironkey.com/article/AA-03291/0/IronKey-Response-to-USB-Vulnerability-Report.html

4. How is IronKey different?

IronKey devices are designed to be the most secure portable storage devices in the world. Years of security design and threat modeling have been applied to the design and development of IronKey devices.
* IronKey devices verify the correctness of a user’s password in hardware on the device. The security of IronKey devices does not depend on software on the host PC, which as this attack illustrates, can easily be tampered with.
* IronKey devices do not have unlock codes or backdoors.
* IronKey prevents password replay attacks by using nonces, and establishing an encrypted communication path between the device and the host PC.
* Every IronKey device has unique random AES encryption keys that are generated on the device when a user initializes it. These encryption keys cannot be exported from the device. Furthermore, these keys are themselves encrypted with a SHA-256 hash of the user’s password, which lends another layer of cryptographic security to the protection of encryption keys.
* IronKey devices store encryption keys and password brute force counters in a tamper-resistant CryptoChip that has hardware protections against physical attack as wel

Sprout · Jan 15, 2021

GloriaBrown said:
Bitcoin transaction vloume is so low per second and it is an old structure problem, no way to solve it. So it has no real practical future. Crazy high price is pure by invisible hand, and another "crisis" is coming for sure in short term after they have sold a lot and you buy from crazy price.

A better metric to evaluate is BTC transaction value.

orbit23 · Jan 16, 2021

Pump towards $50,000 is POSSIBLE in the next few days IMO. That's how it's looking right now, who knows might be wrong IDK.

But that would be it IMO. THE top.

IF it does happen, sell all your coins into a vertical climax. Either that, or swap bitcoins for shitcoins and hedge ur BTC value by shorting.

I don't believe the 100k$, 200k$ or any other kind of bullshit. Price is always right, but it just doesn't seem likely. VIX is consolidating at support and it will moon eventually, stocks are topping(not necesarily the top yet though), dollar at supports while everyone thinks cash is trash643466...
Altcoins will go 10x, some more. IMO

FTDK · Jan 16, 2021

orbit23 said:
Pump towards $50,000 is POSSIBLE in the next few days IMO. That's how it's looking right now, who knows might be wrong IDK.

But that would be it IMO. THE top.

IF it does happen, sell all your coins into a vertical climax. Either that, or swap bitcoins for shitcoins and hedge ur BTC value by shorting.

I don't believe the 100k$, 200k$ or any other kind of bullshit. Price is always right, but it just doesn't seem likely. VIX is consolidating at support and it will moon eventually, stocks are topping(not necesarily the top yet though), dollar at supports while everyone thinks cash is trash643466...
Altcoins will go 10x, some more. IMO

Very difficult to tell what will happen next.

The top of 2017 had a similar pattern to what we are seeing now, so did the top of 2019.

Pekelo · Jan 16, 2021

Sprout said:
A better metric to evaluate is BTC transaction value.

I posit here is no metric to evaluate cryptos by any standard. The only value is the current price as based on brokerages. Other than that, no formula or comparison or analogy exist.

orbit23 · Jan 17, 2021

FTDK said:
Very difficult to tell what will happen next.

The top of 2017 had a similar pattern to what we are seeing now, so did the top of 2019.

Yeah seems more like it now lol.

Fucked myself badly. I didn't even trade, i just randomly longed cuz thought "up". Had no setup, no edge. Had short setups, but was like nahh it'll reverse. Had i traded would've probably been one of my best days, instead i held my underwater bags for a not so nice loss.

I've failed against my own retardation.

AndrewPhilip · Jan 17, 2021

The Bitcoin price is increasing dab by day. Because lots of people are investing their money in Bitcoin project. And it has much more demand.