Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Oh good grief.
Nothing to worry. It's just a new norm for us now.
Well, everyone will get to see that I took out loan against some of my Bitcoin to buy the last dip.
Seriously though, this is pretty messed up. Now the world is going to know I'm an Ethereum holder (Disclaimer: I was given a double digit amount of ETH nearly a decade ago and left it on Coinbase).
Incident like hacking of crypto exchange is now a routine matter. Every month or two there is an incident in which big crpyto exchange data or coins are stolen. Coinbase now is offering a 20 million dollars bounty for info about hackers.
This is just an indication that in cyber world nothing is secure and hackers will always be one step ahead of security measures or may be they are getting info well on time about the security protocols.
Eth is a good choice if you have spare cash and you are looking to invest into alts provided your primary choice remains Bitcoin.
The market seems to be mostly shrugging off this news so far. I'd hate to see our rally derailed, but we have gotten slightly ahead of M2 on "the chart" so a little sideways or slight downward action isn't the end of the world so long as we break $109K before heading back down to retest lows.
Bitcoin is still above 100k and once it break the resistance of 103k or 106k we may see another ATH.
(forgive me if I say anything wrong as I am not an expert of charts, resistance level etc)