Bitcoin Litecoin is getting warmer doc! what price will Bitcoin hit this Christmas 2015?

It’s mid June 2015 almost summer time 2015. Bitcoin been stabilized, some may say it’s just a sitting duck. The price of Bitcoin isn’t going anywhere except up a little bit then down, then up then down. Perfect for day trading actually. Wait for it to down a little like 235 then buy, then wait for it to go up 240 or so then sell. Repeat the process. At least Bitcoin isn’t going down further than what it is today hovering around 230s ish.

Now Litecoin been making headline. Litecoin price looks pretty good! it’s up quite a bit along with Bitcoin and Dogecoin, but higher in %.  There are news on Litecoin similar to Bitcoin when I searched on google news. Versus Dogecoin when I search for news on Google News I don’t see any. So Litecoin might be the 2nd top cryptocoins to invest, and then Dogecoin probably in third place. Other cryptocoins are probably so scam coins, up one day, down one day for reasons of scamming so call, pump then dump.

My prediction for Christmas? the truth is, it could be $1, it could be $1000. However if you asked me, I think by Christmas 2015 it will be between $400 to $500. However I also have that feeling it will be up but around $300 or so.

The price of Bitcoin is really good for day trading actually.

All We Need is MORES BAD NEWS on Bitcoin

Bummer! if the price of Bitcoin isn’t doing well enough, now it’s software/apps for Bitcoin not doing so well. Latest news:

“resulted in one specific address being generated multiple times, leading to a loss of funds for a handful of users.”

 

http://www.theguardian.com/technology/2015/jun/01/bitcoin-app-critical-update-bug-crypto-breakdown

Blockchain advises users who fear they were affected to update their app, create a new bitcoin address, and transfer their funds out of the affected wallet.

I’m glad that I didn’t use Block chain as my Bitcoin wallet.

This is what I’ve been afraid of for a very long time. People told me that Bitcoin wallet are unlimited, it is impossible to have duplicate wallet address, but apparently not totally true, as today we’ve confirmed that multiple wallets with same address generated, meaning your bitcoin could be in someone else’s wallet or pocket, if they found out about it, for sure they will transfer those coins out and you can say good bye to all your bitcoin in that wallet. No, not possible to trace whom had the same Bitcoin wallet address as you.

The price of Bitcoin continue to tumble after this news confirmed and released. We might see Bitcoin down to 100s in the next several weeks. Result from loosing faith and not confident in Bitcoin secure your Bitcoin properly.

It was great with Dogecoin went up for several weeks

Over the past several weeks Dogecoin skyrocketed continuously daily, but look like now the fun is over as it started to slip down slowly. At the same time Bitcoin isn’t doing too well either.

Bitcoin has been hurting and it’s not going anywhere for a great while now, it’s dead at 230s. Well folks, that’s what Dogecoin people been saying also, but look all of a sudden Dogecoin rise for 2-3 consecutive weeks from 20-30 to 80-90 within 3 weeks or. It could happen to Bitcoin although it already had. Hold on to your Bitcoin, or buy your Bitcoin now and wait for the rise again. Many people said that Bitcoin was never meant to even go to $100 so soon, but $1000 is a bubble or pump as some might say.

So what’s next? well just like any other cryptocoins, waiting for the pump, we don’t know for how long, but it will be awesome and we don’t know how long is the awesome time either, it could be hours to weeks or months.

 

Bitcoin and Dogecoin Wallet stolen by hackers through teamviewer

OK here’s an update. I just got a chance to take a look at the last computer that hacker got into via teamview. I checked the log, and there wasn’t a Teamviewer ID, so for sure the hacker was able to hack my master account password to teamviewer. Then uses the teamview account login name password to get into all the computer listed in my account in a flash.

The teamviewer log from the last computer hacker got into indicated that there was no other teamviewer ID than my master ID that got in. So apparently the hacker somehow was able to get a hold of my teamview master account. I have all my Teamview program uninstalled and probably will reinstall it for now, unless I feel the need for it and probably will take extra precaution, meaning strong password and do not ever use unattended login session, and once done, always exit out of Teamviewer.

At the moment, what I’m doing is retrieve all my dogecoin wallet and send it to one dogecoin account, and perhaps to cryptsy since I have a verified account with cryptsy, then convert it to BTC once all moved to there. Once I converted to BTC, I will move it to my local computer and back it up to a DVD ROM, USB, and an encrypted online storage, off course multiple encryption secure. Once done, I will delete it off the local computer. Then once Bitcoin up in the 1000s I can retrieve it back, it’s a good idea to check up your backup once in a while like monthly just to be sure it’s still good.

Stay tuned, I will have more update on this adventure of life after getting Teamviewer account hacked.

 

 

 

My teamviewer account got hacked

Just late last night, about 1AM Eastern Time USA (Pennsylvania), as I walked down the stair way at home. I noticed the media computer in the living started blinking. I came closer and took a look. Someone is controlling it through team viewer. The person whom controlling it opened my %appdata% folder and also opened a zip file of multidoge and multibit, these are Bitcoin wallets. Now I know it’s not just a regular hacker, but a hacker aim to find cyptocurrencies wallet to hack. I immediately ended the team viewer session on that computer and scrambled to shut down all teamviewer on my network home computers. All teamviewer sessions ended. I did not get a chance to check for the hacker’s teamviewer or ID or if that’s the way I got hacked, or could be he got my  teamviewer account login email / password.

My first concert was for my Bitcoin wallet. I went ahead and recovered the back, and sent all the Bitcoin to a new wallet. Backed up and encrypted my new wallet again.

Then second concern is all my login name password online account could be compromised. So I changed all account password to all the frequent websites that I go to daily.

It go so late, I think I got all the necessary data backed up, and jumped to bed like 30 minutes later, I though I would be up all night, but I didn’t it was pretty quick. I didn’t think much about it since I got my bitcoin backed up, and slept through til 730am and now up, continuing to check all my computers, will surely change all password, and thinking of encrypting my whole hard drive. Stay tuned, will have more update.

Teamviewer account session got hacked bitcoin dogecoin stolen attempted

Teamviewer account session got hacked bitcoin dogecoin stolen attempted

So many good news on Bitcoin but still BTC price sucks!

The good news with Bitcoin is that, the news in regard to Bitcoin are mostly good news. So why Bitcoin price still sucks? – Well if we look at it one way or another, let say the “bubble” expecting $1000 – no, that was the bubble. The bubble has been over many months years maybe. Now Bitcoin price stable at $200-$300, and it’s not going anywhere fast. However people can still make money for day trading, it’s not as much volatile as before but still have kick once in a while.

A few days ago, BTC was at $220, then next couple days it shoot up to almost $240 then now dropped back to $230. It was the news, there were so many good news. There also bad news, but there are more good news than bad news.

Good news is – many big investing firms, corporation are putting out big money as much as $50 million dollars into Bitcoin at a time.

Bad news is – Bitcoins are still being used as fraud scam, such as locking encrypting websites belong to companies and even local enforcement forcing them to pay in Bitcoin to get it unlocked, and sadly it work ransom was paid and it got unlocked.

If we look back at the early internet days, the same happened. Scammer or Fraudster would using online chat room and email to rob people or even commit crime such as murder, serial killer, craigslist killer and so on. So Bitcoin is no different, there will negative and positive, as long as the positive is greater than positive I think we’re fine.

I still believe that Bitcoin will be bigger the .com or internet days when it hit mainstream. Today if you ask people around you, you will notice that only 1% of the people you ask would know what Bitcoin is, sometime even 0%, try it.

MtGox latest update for people whom loss money bitcoin

I’m not sure why this MtGox thing still updating the communities? isn’t it over a long time ago? There isn’t any money, any bitcoin can be giving back to the members or account holder, why are they kept on updating?

MtGox Bankruptcy Trustee Apr 25 at 9:00 PM
To
MtGox Bankruptcy Trustee
関係人各位

2015年4月22日より、ウェブサイト(https://claims.mtgox.com )において、
株式会社MTGOX(以下「MTGOX」といいます。)のビットコイン取引所のユーザー(以下「ユーザー」といいます。)が、MTGOXの破産手続(東京地方裁判所平成26年(フ)第3830号。以下「本破産手続」といいます。)において、
破産債権の届出等をオンライン上で行うことができるシステム(以下「本システム」といいます。)を公開しております。
ユーザーである破産債権者は、本システムを利用して、MTGOXに対するビットコイン及び金銭の返還に関する債権の届出等をすることができますので、同ウェブサイトをご確認いただき、
債権届出期間内(2015年5月29日まで)に破産債権の届出を行うようお願いいたします。

また、本システムに一旦ログインした後で、本破産手続の支援企業であるPaywardが運営するKrakenのシステムを通じて、MTGOXに対するビットコイン及び金銭の返還に関する債権の届出等をすることもできます。Krakenのシステムを使うためには、Krakenのユーザーになる必要がありますが、Krakenのユーザーになることにより、(ⅰ)BTCによる破産配当が行われる場合は、破産配当をBTCで受け取ることができること(なお、BTCによる配当を行うか否かについては、破産管財人において現在も検討中で未決定です)、(ⅱ)Krakenに開設した口座で配当を受け取ることが可能になるため、破産配当を受け取る手続が簡単になること、及び(ⅲ)KrakenのユーザーになるときにKrakenに提供した自分の情報を利用して、破産債権の届出をするときに入力すべき情報が少なくなることといったメリットを受けられる可能性があります。

破産債権届出に関する一般的な説明及びFAQや、本システムを利用できない場合の破産債権の届出方法等については、MTGOXホームページ(http://www.mtgox.com/ )のニュースリリース欄において公開されておりますので、こちらも合わせてご確認下さい。

なお、このメールアドレス(mtgox_trustee@noandt.com )は破産管財人からの送信専用であり、貴殿が本メールアドレス宛の返信等をされても内容確認及び回答などの対応はできません。
本破産手続の進行等については、引き続きMTGOXホームページ(http://www.mtgox.com/ )で情報提供をする予定ですので、当該ウェブサイトをご確認ください。
宜しくお願いいたします。

破産者株式会社MTGOX 破産管財人弁護士小林信明

To whom it may concern,

Since April 22, 2015, we have been making available an online bankruptcy claim filing system (hereinafter referred to as the “System”) that enables users of MTGOX Co., Ltd.’s Bitcoin exchange (hereinafter MTGOX Co., Ltd. will be referred to as “MTGOX” and the said users will be referred to as “Users”) to make online filings of their bankruptcy claims, etc. at our website (https://claims.mtgox.com) in relation to MTGOX’s bankruptcy proceedings (case number 2014 (fu) no. 3830 at the Tokyo District Court; hereinafter referred to as the “Bankruptcy Proceedings”).

Bankruptcy creditors who are Users are eligible to file bankruptcy claims against MTGOX regarding Bitcoin or cash through the System. Please visit the said website and file your bankruptcy claim within the period for filing bankruptcy claims (until May 29, 2015).

After a User has logged in to the System once, the User can file claims against MTGOX regarding Bitcoin and cash via Kraken’s system, which is operated by Payward Japan K.K. and its group companies (collectively, “Payward”) which are supporting these Bankruptcy Proceedings. It is necessary for the User to become a Kraken user in order to use Kraken’s system. By becoming a Kraken user, the User may be able to enjoy certain potential benefits, such as (i) in the case where a bankruptcy distribution is made in Bitcoin, the ability to receive a bankruptcy distribution in Bitcoin (please note that it has not yet been determined whether a distribution in Bitcoin will be possible, as the bankruptcy trustee is still investigating the matter), (ii) the ability to receive a bankruptcy distribution more easily, by receiving the distribution via an account opened with Kraken, and (iii) a reduction in the amount of information that must be entered when filing a bankruptcy claim, as the information which the User provided to Kraken when registering to become a Kraken user will be used when the relevant online forms are completed in order to file the User’s bankruptcy claim.

General instructions and FAQs, including details of how to file a bankruptcy claim if you are unable to use the System, are available in the news release section of the MTGOX website (http://www.mtgox.com/). Please read these news releases as well.

This e-mail address (mtgox_trustee@noandt.com) is used only for the purpose of sending messages, and we are unable to check or respond to any replies sent to this e-mail address. We intend to provide information regarding the Bankruptcy Proceedings by posting it on MTGOX’s website (http://www.mtgox.com/), so please check this website on a regular basis.

We thank you for your cooperation.

Bankrupt MtGox Co., Ltd. bankruptcy trustee, attorney-at-law, Nobuaki Kobayashi

How long does it take to get verified with cryptsy.com?

Short answer: 1 day for me, actually less than a day.

I think it’s fine to submit verification to cryptsy because they’ve been around for a great while. Similar to Coinbase and Bitstamp. The verification process required 2 photos identification and a utilities bill under your name, phone bill should work as well. Once I submitted all that information, I got verified in less than 24 hours.

The verification required your social security # and it is integrated with a third party API appears to be identity check. Based on your social security #, it will ask random questions that you should know, don’t worry if you got a few wrong, but if it’s really you, then you should be able to answer some of the questions. If you don’t know the answer to any of the questions then it will think you’re a fraud. The questions asked like do you know this and that person, have you ever live in this city, this address street #, and so on, simple one. I think it’s a very effective verification system.

So you’re giving out photo ID eh? are you scare and afraid? yeah you should be, but guess what, those ID don’t last long, there’s expiration date, sure it can be stolen and use by hackers, but it could happen to anyone, anywhere, no matter how careful you are. You just have to be vigilant and check your credit score once in a while, that why credit score exist and you have it correct up to six months fraud or even longer.

So much good news on Bitcoin but yet the price of Bitcoin goes down

So what happening with Bitcoin? According to the news in regard to Bitcoin, now a day there are so many good news about Bitcoin development, so many business are interested and some adopted it already, some are thinking about it, and very little are still skeptical about Bitcoin.

With the news that silk road operator goes to jail and the FBI agents whom investigate silk road took or stolen some of the Bitcoin at the time and cash it to at least $800,000 during the time are also in hot water now and probably will be on trial and prison sentence soon. Almost seems like Bitcoin is a drug in this case.

Back to the price of Bitcoin, why is it going down? well it’s not really going down, it’s been hovering between $200 and close to $300 for a month. At least it’s not down down to like $100s, so maybe it stabilize at $200-$300, lower than this value would trigger lots of buy volume. No one really know, just speculation where the rich with money buy and sell pretty quick since to them is high risk.

So who won those Bitcoins that government auctioned? yep two winners, are they selling it little by little? possibly.

What happen to Bitcoin mining? for sure it’s not for profit anymore. For those that think they can purchase bitcoin ming to make money, it’s not possible today and maybe not in a year or two. However you can mine and just save your Bitcoin, don’t sell it, otherwise it’s a loss; this is if you can afford electricity and get the miner cheap, to me, it’s better to buy Bitcoin directly and save it. Mining still happening for bigger commercial mining farm, such as the early adopter, meaning people whom had been mining for a long time and profit quite a bit of money already and able to afford electricity and equipment. For new mining farm, it’s probably not a good idea.

Was the news in regard deep-web $12 million worth of Bitcoin disappeared sends Bitcoin price down?

If you’ve been following Bitcoin news, you will notice news about deep-web, to be honest, I don’t really know what deep-web but I’m guessing another of those crypto currencies related website off course. This deep-web operators disappeared with $12 million worth of Bitcoin, whether it’s cash or Bitcoin 100% I don’t know. All I know is that the news released and the price of Bitcoin tumbled, dropped from almost $300 down to 250 as low as 249 the same day.

However the same daym Bitcoin recovered a bit to upper 250s and now 260s, that’s pretty recovery. So as we can see, now Bitcoin does react to news related to it. The past few weeks, Bitcoin price shy from reaching $300 with just a couple dollars, at one point was $299. $1000 is just way to far away! but wait! if we look back 2-3 years ago, Bitcoin was at $50, and we though it’s highest ever, then it jumped to $100, then eventually to $1000 within just a couple of months, then it started to declined, indeed it was a bubble.

So bubble had been over for quite sometime now, and we still don’t know the norm. price at the moment, most though it was at $500, then some say $1000, then many say $100. Bitcoin never meant to go up that fast that high, it was a bubble waiting to get pop and off course at volatile stage. Look like the norm is $200-$500

Well as many guess the average Bitcoin will hit $1000 again is within 2-3 years, I think it’s an optimistic prediction, guesstimate.