Bitcoin [BTC] price may pause post surge, speculates KKM Financial founder Jeff Kilburg

bitcoin’s [BTC] latest sprint above the much awaited $6,000-mark prompted massive speculations from institutional players globally. Jeff Kilburg, the KKM Financial founder, spoke about his expectation of BTC’s price movement after the recent six-month high on CNBC.

While Jeff Kilburg’s sentiment remained bullish for bitcoin’s valuation, he noted that there was a “lot of room from the $4,200-level all the way up to $6,300-$6,400”. However, Killburg, while predicting bitcoin’s movement, warned buyers that the latest price surge would pause and won’t “Hodl” for too long. He said,

“Enjoy the fact been able to move up higher in bitcoin. Will take a pause right here, wanna be a seller here. Its a technical perspective, not an emotional perspective”

He also noted that bitcoin’s price may witness a “back and fill” pullback from $6,200 to $5,800. The ceiling for BTC, according to Kilburg is $6,400.

Kilburg responded in affirmative to a Twitter user’s comment which said that bitcoin [BTC] would scale up to $8,000 if the price breaks the $6,400-level. Referring to the interview, Kilburg, on his official Twitter handle, posted,

“#bitcoin futures were created to mitigate risk… Thus, having the ability to trade around [Long or Short] your long bitcoin or #crypto exposure potentially allows you to lower your cost basis on where u bought #BTC
[Potential was the key word] #HODL”

bitcoin’s bullish rally continued on May 10 despite cooling off briefly. At press time, the world’s largest cryptocurrency was trading with a massive market cap of $111.7 billion and was surging by 4.41% over the last 24-hours. bitcoin has surged by over 9.71% in a week.

The post Bitcoin [BTC] price may pause post surge, speculates KKM Financial founder Jeff Kilburg appeared first on AMBCrypto.

Published at Sat, 11 May 2019 04:02:08 +0000

January 7, 2018

Is The Meteoric Rise In Cryptocurrencies Triggering More Cyber Attacks?

The cryptocurrency market is at an all-time high as coins recover from a brief holiday bear season into a bullish New Year. But could this unprecedented growth in value attract cybercriminals?

Currently, there is a huge bullish run by bitcoin and other alternate coins on the cryptocurrency market even with the recent correction that saw bitcoin slightly drop in value over the holidays. However, now that the New Year has kicked off, cryptocurrencies are going up in price. But could this surge in value be open season for cybercriminals?

For instance, the month of December last year saw Coinbase (a leading exchange in the US) temporarily suspended bitcoin Cash trading on its platform amid allegations of insider trading. In addition to that, the US Securities and Exchange Commission stopped a fraudulent initial coin offering for the first time. The fraudsters had lured thousands of investors with a promise of doubling their investments within months while the ICO raised $15 million.

Insider trading and fraudulent ICOs aside, the real threat to digital currencies still remains cyber theft. Simply put, hackers and cyber criminals pose a much more frightful menace to investors.

After all, we are living in a sophisticated digital age and since there are widespread digital tools and avenues that a hacker can use, the average person can hardly avoid or stop an attack once it begins.

Frankly, one of the biggest pain points in the world of cryptocurrency is cybercrime. In fact, a report from the US Department of Homeland Security reports that between 2009 to 2015, more than a quarter of bitcoin exchanges were attacked.

Surprisingly, however, such reports have not been enough to keep cryptocurrencies from growing in value. Cyber criminals follow the money, however, and at the moment, it’s easy to see that the cryptocurrency market is where the money is as it currently stands at a market capitalization of about 816 billion according to CoinMarketCap.

With the rising price of bitcoin, cyber heists have become even more profitable as it only takes a single attack to potentially make off with millions of dollars.

How to Protect Your Cryptocurrency Holdings

With the cryptocurrency prices on the rise, investors need to be more vigilant than ever when it comes to protecting their digital assets. In most countries, the U.S. included, digital currencies are not recognized as legal tender so investors have little to no recourse when their funds are stolen.

So, how can an individual investor take measures to protect a digital assets account? No measure is absolutely foolproof but there are steps that you can take to minimize your risk of theft:

Installing an antivirus with anti-phishing support
Using a VPN to protect your internet connection
Adding an extra access protection layer with 2FA
Using a hardware wallet to store your cryptocurrencies
Setting up firewall protection

Do you believe that no one including well-funded corporations is 100 percent safe from hackers? What are you doing to protect your cryptocurrencies? Talk to us!

Images courtesy of AdobeStock, Shutterstock

The post Is The Meteoric Rise In Cryptocurrencies Triggering More Cyber Attacks? appeared first on Bitcoinist.com.

Bitcoin [BTC] price may pause post surge, speculates KKM Financial founder Jeff Kilburg

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