Bitcoin....who's gotten into it?

[ICantLogIn]

https://www.youtube.com/watch?v=4cH9...ature=youtu.be

Just hodl.

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No way sold at 7883 and got back in at 7493. I still have a order at 7.2.

[stalefish3169]

Lol HODL.....

Lambos by ??????

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You laugh...but we're at step 3 now with 4 coming fast man. Smart money is buying as much BTC as possible right now. You know...Warren B., buy when there is blood in the streets, yadda yadda yadda. Dude is probably shorting like a MFer and buying behind the scenes. Just like all his bros. Watch the Cramer vid if you didn't already.



Check out BTC at log scale. The late 2017 increase wasn't even the biggest. Do you honestly think that what's already happened about 8 times is never going to happen again?



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[ICantLogIn]

No way sold at 7883 and got back in at 7493. I still have a order at 7.2.

Booooom

Lets see if we hit 68.

[XXX-er]

I got an electrician bro who has built 3 of these installations to be portable in Seacans, this particular site is in the middle of an empty lot the draw is easy acess to great amounts of power from an old saw mill

Buddy can't see how Bitcoin can be worth anything either so he and the company are just making sure to get paid on time

[ICantLogIn]

Peter Brandt's Bitcoin Live now

[4matic]

Peter Brandt's

Decline in $BTC adding definition to 15-wk sym triangle. Could be continuation (65% odds) or reversal (35%). If continuation, then target of 3505. If reversal, then new parabolic advance. Trend Model is down.

[stalefish3169]

Decline in $BTC adding definition to 15-wk sym triangle. Could be continuation (65% odds) or reversal (35%). If continuation, then target of 3505. If reversal, then new parabolic advance. Trend Model is down.

Not gonna see 3505 BTC. Triple bottom around 6k might happen...but lots of fat buy orders likely before we even go that low.

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[4matic]

Never sell a triple top (or buy bottom ftm)

[stalefish3169]

Never sell a triple top (or buy bottom ftm)

Is it good to buy a triple bottom if there is a massive short squeeze coming? [emoji12]

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[4matic]

Is it good to buy a triple bottom if there is a massive short squeeze coming? [emoji12]

Fake out before a breakout? This type rational reminds me of metals in their heyday.

[Bobby Stainless]

So 6k buy in?

I needs me a Lambo.

[stalefish3169]

Fake out before a breakout? This type rational reminds me of metals in their heyday.

Seems like we just got the BTC triple bottom. Now we'll see if we get the Bart Simpson or a bull trap.

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[4matic]

Seems like we just got the BTC triple bottom. Now we'll see if we get the Bart Simpson or a bull trap.

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I thought the triple bottom was last week?

It has to hold and break above resistance before you can call it a bottom.

It’s encouraging for bulls that BTC is reacting positively to global currency turmoil.

[stalefish3169]

I thought the triple bottom was last week?

It has to hold and break above resistance before you can call it a bottom.

It’s encouraging for bulls that BTC is reacting positively to global currency turmoil.

Last week BTC just went down. This morning it's up a a few hundred. We're not out of the woods yet, which is why I'm worried about Bart and a bull trap.

As much as I think it would be cool if BTC gave a shit about Italian bonds, I doubt that's what is happening. Probably just a coincidence.

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[4matic]

The only fundamental justification for BTC is alternative asset to sovereign debt and currency.

[skaredshtles]

The only fundamental justification for BTC is alternative asset to sovereign debt and currency.

And even this one is just wishful thinking at this point.

[4matic]

And even this one is just wishful thinking at this point.

Never underestimate the power of a crisis. I was talking with someone yesterday about the Asian Contagion in 1997/98. That was as big for them as our 2008 crash. Risk happens fast. Also, consider that BTC futures are probably still big net short.

[skaredshtles]

Never underestimate the power of a crisis.

Heh.

Gold will still be king (queen?) here for the foreseeable future.

[4matic]

Gold down on the day. Most gold is held by regulated pools.

Also, the spread and liquidity of physical gold is probably worse than BTC right now.

[byates1]

The only fundamental justification for BTC is alternative asset to sovereign debt and currency.

you are welcome at my adirondack property. for 0, nothing.

i'm getting old, and getting tired.

value systems. huh..

..

[stalefish3169]

Attachment 237447

https://twitter.com/Tr0llyTr0llFace/...44215983542272

Chinese translation ...

u mad bro?

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[stalefish3169]

Centralized databases of trusted third parties are so safe. BTC is a bubble.

https://www.bloomberg.com/amp/news/a...mpression=true

Mexico Foiled a $110 Million Bank Heist, Then Kept It a Secret

On a Tuesday morning in early January, the computer system at Mexico’s state-owned trade bank went haywire. Some of Bancomext’s workers couldn’t get their PCs to turn on. The internet was slow. Routine operations were taking longer than normal.

Inside the lender’s concrete-and-glass building on the southern outskirts of Mexico City, a mid-level technician was monitoring messages coming in on the Swift network, the air-traffic control system for sending money around the world. His job was to check fund transfers to make sure they matched the payment orders dispatched by Swift.

That day, transaction volume was several times higher than normal. The worker scanned the messages from Swift until he discovered something: unusual activity at the Standard Chartered Plc account Bancomext used for international wires.

Bangladesh Heist

Worldwide, a string of attacks targeting banks’ connections to the Swift network has prompted financial institutions to enact new security measures, with the most famous invasion coming in 2016 when criminals attempted to steal $1 billion from the central bank of Bangladesh. But in Mexico, details surrounding the Bancomext assault have been kept secret by government authorities and the bank, meaning the nation’s sprawling financial system never got the wake-up call that could have helped guard against a new series of intrusions that authorities are still trying to contain.

Just a few months after the Bancomext attack, hackers began hijacking Mexican financial institutions’ connections to the country’s domestic payment transfer system, known as SPEI. So far, they’ve gotten away with at least $15 million. While authorities don’t know where the attacks originated, they suspect they were orchestrated by sophisticated parties who colluded with account holders to withdraw massive amounts of cash from bank branches around Mexico. Officials say they still aren’t certain the thefts have ended.

“There’s still a culture of reactivity when it comes to cyber risks,” said Michael Rohrs, an associate director for Control Risks’s information security practice in Washington. “All the news around the attempt against Bancomext and the Swift incident with the central bank of Bangladesh could have been a loud-enough wake-up call for the sector.”

A representative for Bancomext said the lender followed all security protocols and communicated with authorities from the start. Press officials for Standard Chartered and Swift declined to comment.


Cybersecurity professionals and bank executives who spoke to Bloomberg said the poor coordination among financial institutions and regulators helped propagate the recent raids targeting three lenders, a brokerage and a credit union. Knowing more about how the Bancomext assault and other cyber heists went down could have helped the firms protect themselves.

A central bank spokeswoman said that information sharing is very important, but that institutions coming under cyberattacks don’t always report them because of concerns about their reputation. It’s a matter of great to concern to the bank, she said. Case in point: the authority didn’t learn about one of the breaches until about a week after it happened because the firm didn’t immediately disclose it.

Workers Go Home

Officials say they don’t have any reason to believe the current issues with domestic payment transfers are related to the attempted heist of Bancomext funds in January. While both were “man in the middle attacks,” the central bank spokeswoman said, one targeted vulnerabilities in international payment systems, while the current spate of attacks affected Mexico’s domestic wire system. The central bank has maintained an open line of communication with all SPEI participants since the first incident, the spokeswoman said.

Back at Bancomext’s headquarters shortly after the Swift abnormalities were first discovered, executives took action. The lender, which has $13 billion of loans outstanding and is charged with promoting international trade, suspended operations and sent some workers home. Desk phones were turned off and the bank shut down its email server.

Officials soon discovered the unusual transactions were payments that had been disguised as a donation from the Mexican bank to a Korean church.

Luckily for Bancomext, it was after 3 a.m. in Seoul and since banks weren’t yet open for the day, the money hadn’t gone through. That bought the lender some time to get in contact with officials at Standard Chartered, who were able to stop the transfer.

Next Generation

Once the central bank was aware of Bancomext’s issues, it directed some other banks to double-check the security of their operations, but it didn’t provide them any detail about what to look for, according to two people with knowledge of the matter who asked not to be identified because the information is private. A spokeswoman said the level of detail the central bank provided reflected the amount of information it had at the time.
Experts consulted by Bancomext would later tell the bank that hackers had managed to penetrate its Swift connection thanks to a so-called “next generation” virus that had probably been activated after an employee clicked on a malicious email attachment. It had likely sat undetected in the bank’s systems for several months or even years, allowing hackers to assemble data on typical operations so it’d be easier to disguise the theft.



In the more recent hack involving Mexico’s domestic payment system, the perpetrators have so far managed to steal about 300 million pesos ($15 million). Ultimately, the affected institutions will be the ones on the hook for that money, the central bank has said.

The central bank first detected irregularities in a small financial institution’s connection to the SPEI network April 17 but it didn’t disclose it until 10 days later because the incident seemed like an isolated event.

About a week after the initial attack, officials at Grupo Financiero Banorte noticed hundreds of irregular transactions being dispatched through SPEI, according to a person familiar with the matter. The biggest Mexican bank had been the victim of a cyberattack just like the one discovered by the central bank the previous week. Banorte spokeswoman Veronica Reynold said the lender has acted in direct coordination with the central bank.

It wasn’t until April 27, after the Banorte attack, that the central bank published a press release saying some financial firms had experienced “incidents” when operating the SPEI and that those firms would be connecting to the payment network via an alternate method that was more laborious but also more secure. Even then, the authority didn’t mention a cyberattack.

No Names

By then, the central bank had knowledge that three firms’ connections to the SPEI network had been compromised. On May 2, a fourth institution disclosed to the central bank that it had also been hacked the previous week. A week later, the number of hacked firms grew to five. The central bank still hasn’t disclosed the names of the affected parties.

Top executives from four lenders in Mexico complained to Bloomberg that the central bank’s decision to stay silent about details of the attacks made it harder to shore up their systems. Banorte hasn’t had issues since it switched to the backup SPEI connection. But the authority didn’t ask other banks to enact contingency plans until the following days and weeks.

In Latin America, Mexico ranks as the country with the most cyberattacks after Brazil, according to a January 2017 paper from the Wilson Center on security in the country. The financial sector has been hit with extortion attempts and denial-of-service schemes as well as trading platform disruptions, according to a 2015 Control Risks report.

No Fines

In the Bangladesh job, the thieves were able to get away with $81 million by sending fake Swift messages that tricked the Federal Reserve Bank of New York into wiring money to accounts in the Philippines. Swift has said its system hasn’t been breached; rather security issues have originated in banks’ systems.




Last year, the central bank set rules related to the SPEI system that require financial institutions to have in place certain emergency response protocols for when attackers strike, among other requirements. Banxico evaluated financial institutions’ adherence in January and found some banks weren’t fully compliant, Governor Alejandro Diaz de Leon said in an interview May 18. So far, the authority hasn’t levied any fines.

While the central bank hasn’t been particularly forthcoming about the attacks, neither have the banks that were targeted gone out of their way to share what happened with other lenders. Cybersecurity analysts speculate that could be because they’re afraid they’ll get punished for not having sufficient controls and they don’t want to give competitors any information that would give them a leg up.

Cont'd

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[stalefish3169]

I thought the triple bottom was last week?

It has to hold and break above resistance before you can call it a bottom.

It’s encouraging for bulls that BTC is reacting positively to global currency turmoil.

Daily closed with a bullish engulfing candle and broke $7500 resistance. [emoji3] Alts going crazy, some up 20+%.

Bull trap definitely still in play. Guess we'll see what happens.

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[4matic]

you are welcome at my adirondack property. for 0, nothing.

..

Thanks man. I think.. would enjoy a visit.

[stalefish3169]

Attachment 237700

I give up. You're right. I'm selling all my crypto. Moving my money back into reputable investments with the squeaky clean and wholesome good ol' boys.

https://www.reuters.com/article/us-g...-idUSKCN1IW2CY


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