https://www.reddit.com/gallery/16tclqb
Tuesday, September 26, 2023
Bitcoin/Cryto drop incoming
I don't usually do this but I thought I would post anyway. bitcoins low in my opinion is not in, altcoins are going to see a 60% drop at least. We are very close to a triggering event for this scenario. No doubt there will be some news attributed to it, there always is. Locally I'm looking for 25800 then a move up to 26800.. Point is locally I see some upside but after that believe me things are going to get extremely depressing in crypto guys and this is my warning to you. I've never done this before publicly, only ever in private friends groups and they thanked me for it. I told to sell at 58k, I told 48 was the last best chance to sell, I told to buy at 17k, and I told to sell at 31k. Now I am telling we are again in last best chance to sell territory and we are close to a triggering even for things to start moving to the downside. I give this warning because i know this rally since the start of the year will have given people hope, sucked people back in, and some will get very hurt. I understand a lot of people will not like to hear this, get angry at me, say TA doesn't work, etc. etc. But just ask yourself can you handle another 60-80% decimation of your portfolio? There is too much complacency, every negative news is met with either copium type jokes or just head in the sand "buying opportunity" comments. Be careful.
Bitcoin Miners Strengthen Texas Presence Ahead of Next Halving Event: What Does the Data Say?
https://en.coinotag.com/bitcoin-miners-strengthen-texas-presence-ahead-of-next-halving-event-what-does-the-data-say/
$200M in crypto was stolen. Is it a new normality?
Again cryptocommunity faced with the successful hacker attack.
Hackers loved decentralized platforms, and they, in turn, decided that decentralization could be a panacea for hacking. Usually, Bitcoin is given as an example, so far nobody could break it! This turned out to be a serious mistake.
The latest event is a hacker attack on the Mixin Network. Digital villains cunningly stole crypto for $200M. I repeat the prescription: two hundred million dollars!
The hackers had no intention of directly breaking the encryption. They found a vulnerability in the cloud service provider’s database security, and they accessed through it the client tools.
I confess I am very angry. A more effective way to compromise the crypto business is hard to come by. And this despite the fact that the blame is not technology, and irresponsible company.
Want an analogy? Imagine an American gold vault Fort Knox. Powerful walls, steel vaults, numerous guards... Only the gold was not put in the safes, but in the shed next to the fort. Gold was stolen. Can you blame the architect who created the storage project?
It may appear that the protection of cryptocurrencies is impossible. I will cite examples of banks operating with a much less protected fiat. Just so climb and take care of the bank accounts is unlikely to work - the systems are quite reliable. However, there are not only technical tools, but also administrative protocols. This is what crypto business is critically missing.
#cryptocommunity #hackerattack #crypto
These events were not able to cause Bitcoin to drop towards $10K. Bitcoin is anti-fragile.
https://www.instagram.com/p/CxpYQMYtF4z/
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