Bitcoin-related sites, as a rule, should offer TFA.
Yea, I'm thinking it should be a requirement to start an account with all these sites. I know it's the early days and better security will be coming in the future but right now, it's the wild west out there. Can't take any chances. Especially when nobody is really offering insurance right now.
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Re: Good thing for two-factor authentication. Coinbase account definitely hacked.
Got an authentication text from Coinbase out of the blue and thought it was suspicious so I logged on to my account and has a password reset request from China...
Guess I'm gonna have to move ALL of my coin to paper wallets. Seems like Coinbase is no longer safe even for the tiniest bit of coin I had on there.
Just out of curiousity, where you a Gox customer?
Nah, don't really mess with the exchanges much. Even though I do have an account on Cryptsy.
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Topic OP
Good thing for two-factor authentication. Coinbase account definitely hacked.
by
jbrock11
on 10/03/2014, 18:31:09 UTC
Got an authentication text from Coinbase out of the blue and thought it was suspicious so I logged on to my account and had a password reset request from China...
Guess I'm gonna have to move ALL of my coin to paper wallets. Seems like Coinbase is no longer safe even for the tiniest bit of coin I had on there.
*Edit*: This stupid fu*k has now hacked into my email. Anybody else out there with a little hacking no how, feel free to return the favor. IP = 27.20.238.204
That shows the danger of extrapolating the data in order to predict the future when you don't understand what is driving it.
3 years worth of charting data and the trend has held for the most part. Hard to argue with that.
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Topic OP
Bitcoin overvalued or ahead of schedule?
by
jbrock11
on 24/01/2014, 08:08:57 UTC
Found this interesting chart today that indicates we should be around $300.00 per BTC right now. I think their may be a little of both, overvaluation and being slightly ahead of schedule. No doubt the November jump was a bubble and we're coming down off of it but I highly doubt we drop below $500.00 anytime soon.
$10,000 is a bit of a stretch, I'm not seeing enough panic about the economy yet to see those kind of numbers, I'd give it 4 years now before we see that kind of hysteria.
The ever increasing adoption rate, retailers, VC's and Wall Street dumping money into it that's gonna skyrocket the price, not the economy itself. I think 10,000 would be a minimum price of what we'll see this year.
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Crypto's getting pummelled today...
by
jbrock11
on 08/01/2014, 01:01:15 UTC
Any reason why? Hard to believe it's just random volatility.
Re: Chances we'll see another Bitcoin crash ( buying opportunity ) 1st quarter 2014?
by
jbrock11
on 03/01/2014, 23:44:42 UTC
I think we'll see a crash, just not in the 1st quarter. Once the price works it way up to $2000.00 per Bitcoin, I could see a crash back down to $1200.00 or so. Seems like that has been the trend for the past year. Hit a ceiling, crash then slowly break through.
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Topic OP
Chances we'll see another Bitcoin crash ( buying opportunity ) 1st quarter 2014?
by
jbrock11
on 03/01/2014, 22:32:05 UTC
What say you?
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BoardMining speculation
Topic OP
Bitcoin mining vs investing
by
jbrock11
on 03/01/2014, 09:47:15 UTC
Has this hit a tipping point yet? For the average person is it just cheaper to invest than to mine? If not, how much BTC can you mine per day on let's say a 5000-10000 dollar "rig".
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Re: Ripple (XRP) price in future
by
jbrock11
on 02/01/2014, 21:19:27 UTC
Hypothetically, if XRP were priced at 1.00, Ripple would have a 99 billion dollar market cap. For this to happen imo, Bitcoin would have to be trading at 50,000+ per BTC.
Not saying it couldn't happen but it definitely won't be anytime soon.
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Re: Poll: Will the Bitcoin Price Hit $10,000 in 2014?
by
jbrock11
on 02/01/2014, 08:42:36 UTC
1
I think the current growth rate will only speed up, not slow down. So, I'm guessing it will hit 10,000 at some point this year.
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Re: [Pennies][CENT][GIVEAWAY] 1000000 COINS, 1000 Per User
The fund itself may not hold any BTC but these are financial professionals. Not too hard to form a separate entity to acquire the BTC, hold them, and then sell them to the trust for a precontracted rate once the fund is setup and raises capital from initial investors. Essentially moving funds from one pocket to another. A lot of big deals are "done" before they are official done.
Anyone thinking Fortress is going to let something like this "slip" (and this "slip" is a strategic slip, it it called a trial balloon) and then go and hit BUY $150,000,000 USD worth of BTC at Market on MtGox is dreaming. It is a nice dream though.
However Fortress is a big name, and that means a wider audience to big money. The fund could start with $150M in assets and grow to a billion or more which means future purchases. Likewise first it was Second Market now (potentially it is just a rumor) Fortress. Those are the first movers, the risk takers, the innovators. The next thing is twenty other hedge funds doing the exact same thing because they don't want to lose client funds.
Imo, this will happen pretty quickly. Just like all the early "watchers" are trying to get into Bitcoin now, once Fortress starts seeing great returns, the other investment firm "watchers" will be tripping over themselves trying to get in the game. That's why I think 2014-2015 will be gigantic years for Bitcoin.
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Re: What will bitcoins be worth if the dollar crashes?
It is not a moot point at all, if you believe the $ is going to hyperinflate you better get rid of all your $ and put them in BTC or something else that you you think is resistant to price inflation
The point was that if you're well invested in BTC, once the dollar does crash, the price will be so high that it really won't matter if it doubles, triples, etc.. You'll be well off financially regardless.
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Re: What will bitcoins be worth if the dollar crashes?
by
jbrock11
on 02/01/2014, 05:34:43 UTC
Imo, Bitcoin will be well into the hundreds of thousands ( or more ) per Bitcoin, if and when that does happen. So it's kind of a moot point.
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Re: "BTC Is backed by nothing while the USD is backed by 'full faith' of US gov't"
by
jbrock11
on 02/01/2014, 05:02:20 UTC
It's like Paul Krugman said the other day, "Fiat money, if you like, is backed by men with guns."
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BoardAltcoin Discussion
Re: alt currency legit or ponzi scheme? your thoughts
by
jbrock11
on 02/01/2014, 02:20:39 UTC
Some will survive, most won't. Best to stick to the one's that are more established.
