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The crypto heist of the century – Matt Kohrs

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The Crypto Heist of The Century
BTC, ETH, DOGE & ADA Commentary
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Video Topics:
cryptocurrency, cryptocurrency for beginners, crypto news today, crypto news, crypto crash, bitcoin, bitboy crypto, bitcoin news today, btc, ethereum, ethereum price prediction, ethereum news today, cardano, cardano ada, cardano news, cardano explained, cardano price prediction 2021, ada, dogecoin, dogecoin prediction, dogecoin news today, dogecoin news, matt kohrs, matt kohr, matt kohrs live, cryptosrus, cryptos to buy now, cryptos to invest in 2021, best investments for 2021

What's going on moon gang, i wanted to switch things up just a little bit and talk about a new subject and that's crypto, because the sector as a whole is starting to look like one hot tamale. So i thought it'd be fun to make a very short video about kind of some of the things going on in this particular sector. So if you've been paying attention to amc, specifically the earnings announcement, we know that the ceo adam aaron announced that by the end of this calendar year, it will be accepting bitcoin for ticket sales and concession sales. Ceo adam aaron, said during an earnings call on monday august 9th that the movie theater chain will have the it systems in place to take cryptocurrency as payment by the end of 2021..

On top of that, they also included the same thing about apple pay and also google pay. The price of bitcoin swung drastically in recent weeks last trading, around 46 000 after falling below 30 000 last month. As i'm about to show you in a very very quick technical breakdown, crypto has been all over the map, so i think it'll be cool to lay out some of the levels of support and resistance. So hopefully we can make some better trades, but before we get into that, i want to point out two more important things.

One this one is short coinbase right after that really craving some movie theater popcorn right now. I think this is absolutely hilarious. That coinbase was playing into it um a completely different story. This came out today: crypto hack earned crooks 600 million, so this came out a little bit earlier today in one of the largest cryptocurrency hacks.

Today, cyber attackers reportedly stole millions from the decentralized finance d5 platform. Poly network attackers reportedly stole 600 million from the cryptocurrency policy network in what experts say is one of the largest crypto heists to date. Poly network, which is based in china, publicly acknowledged that an attacker exploited, a vulnerability that allowed them to assign themselves the ownership of money processed through the platform. So this yeah, i get it you've heard about crypto you've heard about hacks, but this one has some interesting terms.

So, hang on one second, the attacker uses function to pass in carefully constructed data to modify the keeper of the eth cross chain data contract, poly network added attackers, snatched up to a reported 611 million in digital tokens. In this case, it was poly network's platform that was used to steal, ethereum and bosecoin bsc tokens um, but hang on. This is where it kind of takes some twists. So, a little bit after that hackers returned 260 million uh to cryptocurrency platform.

After massive theft, hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of a 600 million in digital coins. They stole blockchain researchers said on wednesday very, very interesting. Basically, right here they had 3.3 million of eth and 256 million of bsc, and then i guess 1 million of polygon, but hang on right here. This is the point that i really want to dive into a person claiming to have perpetrated the hacked said they did it for fun and wanted to expose the vulnerability before others could exploit it.

It was always the plan to return the tokens. The purported hacker wrote adding i'm not very interested in the money honestly, if you kind of understand a little bit of the psychology of some of these absolute savants geniuses who really do this high level of hacking, this isn't really far off base for them. It's more of that trolling to see if they can do it. Some of them are not necessarily money driven, but here i just want to disclose this.

At the end, the hackers or hacker have not been identified and reuters could not verify the authenticity of the messages. Just so you know so this isn't 100 verified, but i do think it's an interesting twist on the story for someone who stole over half a billion dollars already gave a third back and they're saying that yes, they're looking to give the other two thirds back and They just wanted to do it for fun and expose the vulnerability uh very, very interesting in terms of crypto right now, as i'm filming, this bitcoin is looking good, we're trading at 46 000, just above that ethereum's at 3200 doge looking strong at 27 cents and then Cardano had a great day and it's trading at 1.82 for a little bit more of a technical breakdown. Just so you know over the past week, bitcoin btc is up seven point: eight percent. This is its daily chart.

It is coming off a high of sixty four thousand sixty five thousand downtrend downtrend downtrend right here. We had that third hit. It came here made a new higher low, around 37 500 coming off of the previous low of 30 000, and then we came down broke out of this trendline and right now we are currently sitting at the next level: resistance, 47, 000 and we're seeing a bit Of bearish divergence in the rsi, yes, bitcoin has gone higher, but the rsi has gone lower. So this is a mismatch between the price action and what we're seeing in terms of momentum.

So my prediction, my very short-term prediction - is it taking a little bit of a breather, so the rsi has the time to cool off basing somewhere and then continuing its trip higher, so that is it for bitcoin in terms of ethereum over the past week. It is up 11.6 percent showing from a charting perspective, at least on its daily chart. It is showing a bit more strength. We broke out of this resistance at 2, 900..

We're back in late june or early june and late may rejection rejection, rejection. We broke out of that and right now we are sending out a little bit of previous support which might be acting as resistance, but i'm mainly watching 3500 in terms of doge. We know after the snl skit right before technically 74 cents came all the way down finally looks like the trend is bending back around, so i know people that have been diamond handed to huddling doge, probably a big smile on their face myself. I am invested in all the ones i've spoken about, and really this one and cardano, which i'm about to show you, but we broke out of the resistance at 21.5, seems like the next target is just below 30 and then, after that i would be watching 38 Over the past week, doge is up a very noteworthy 34 and, finally, last but not least, cardano is ripping higher.

After bouncing off of a dollar two, we broke through a resistance at a dollar twenty, a dollar. Fifty and right now we hit a dollar eighty nine, where we were previously rejected. Late may early june uh. The rsi is severely overextended, i'm in cardano.

I want it to keep ripping, but i'm assuming it needs to take a bit of a breather first and then, after that, i'd be watching two dollars key psychological level and past that i would be watching uh, maybe a little bit of a hiccup at 2 30. But i would really be watching 246. so overall, this is not it. I'm not saying these are the best kryptos.

I'm saying these are the four that i like to mainly watch, but all of them the crypto sector is looking like, i said, a hot tamale, exciting stuff, it's exciting to be in it. I've been in it for a while. So it's nice to see that it's kind of waking back up overall, specifically excited about bitcoin and what's going on with amc and the fact that they're accepting it for tickets, concession and honestly, i wouldn't be surprised if they start accepting other cryptos as well. So, overall crypto looking very good in a comment below i would love to get your thoughts on not only this hack but also what other crypto.

Let me know your favorite crypto, just something for me to dive into and start researching, especially as the sector is starting to wake back up until i catch you next time from me and chair best of luck in the markets, you.

26 thoughts on “The crypto heist of the century”
  1. Avataaar/Circle Created with python_avatars Brian Feeney says:

    why would anyone in there right mind pay for anything with bitcoin or any crypto for that matter? havent we learned from laz Hanyecz?

  2. Avataaar/Circle Created with python_avatars Conrad Thomson says:

    It's heists like these that make me want to learn how to crime

  3. Avataaar/Circle Created with python_avatars Allen Tran says:

    So what happens to AMC???? Now your covering crypto because AMC lost its momentum! 🙄🙄🙄

  4. Avataaar/Circle Created with python_avatars Nick Poolsaad says:

    15 Golden Rules of Gambling

    1. Thou Shall Not Gamble While (Too) Intoxicated.
    2. Thou Shall Not Gamble Without Knowing the Rules.
    3. Thou Shall Not Gamble With Money You Don’t Have.
    4. Thou Shall Not Gamble to Recover Losses.
    5. Thou Shall Not Gamble When Bored.
    6. Thou Shall Not Gamble if You Must Lie.
    7. Thou Shall Not Gamble Without Basic Strategy.
    8. Thou Shall Not Gamble at Rogue Gambling Sites.
    9. Thou Shall Not Gamble Without VIP Rewards.
    10. Thou Shall Not Accept a Deposit Bonus or Promotion With Bad Terms.
    11. Thou Shall Not Gamble Without Limits.
    12. Thou Shall Not Gamble Without Taking Breaks.
    13. Thou Shall Not Gamble All Your Winnings.
    14. Thou Shall Not Fall For Betting Systems or Gimmicks.
    15. Thou Shall Not NOT Have Fun.

  5. Avataaar/Circle Created with python_avatars Luis Covaci says:

    <I still see cryptocurrency as one of the best digital investment and i totally love the technology when it comes to the largest crypto asset Bitcoin . As a trader, i have been able to understand that there are two sides when it comes to crypto and everyone has their opinions when it comes to choosing sides, though i am not kicking against, but i see it as an old and odd strategy to make profit of the market as when the market goes bearish investors/traders loses their investment which is always painful, when you can take advantage of the market by involving in day trading or copying trade alert from a professional trader that understand the market and use strategy to generate signals daily to make profit to grow your portfolio as i have been doing with Dr Bruce Olsen for the past 5 weeks and i have been able to day trade to grow my initial 1 btc to 6.8 btc which you will rethink and see that trading is more better/profitable. Dr Bruce signals are very accurate and always yields a great positive return on investment*. He can be reach via tel egram: (@Bruce_trades) for crypto inclined concerns…….

  6. Avataaar/Circle Created with python_avatars Luis Covaci says:

    <It's no secret that BTC movement pretty much dictates traders general feelings, even if it means cheering for it price to stabilize. Usually, I get info like this from Bruce Olsen and in a way he confirm that investors expect altcoins to crash if Bitcoin continues to move below 50k USD. This may be the primary reason of confidence in the ether longs. Seeing that crypto has tanked and predicting there's a greater chance of it rising before it has passed the day moving average has failed for me in several occasions, finding the right entry and exact point on my own did not work out for me I got better and my actual portfolio was multiplied by 5 in two months after getting associated with Bruce Olsen a professional coach of crypto; who taught me how to navigate and exploit crypto to my advantage despite the volatility. One can write to Bruce Olsen on te_leg_gram ( @Bruce_Trades) There's the realism of winning and losing does not hurt too bad because I recover quickly by making smarter decisions..

  7. Avataaar/Circle Created with python_avatars Kim Santos says:

    HYPE IS REAL WITH VAMPDOGE! This new coin in the market offers a PRESALE AT 500BNB ONLY AVAILABLE FOR THE FIRST 500 PEOPLE TO JOIN!!! TO THE MOON WITH VAMP DOGE!

  8. Avataaar/Circle Created with python_avatars Agent Jack Stone says:

    here's a thought, satoshi isnt real, crypto was always a backdoor into government controlled digital currency, total end of freedom, all brought about by greed mistaken for virtue.

  9. Avataaar/Circle Created with python_avatars RobTackettCovers says:

    I looked up the term "Crypto" to see just what that term means…here is what I found: Crypto… Informal: a person having a secret allegiance to a political creed, especially communism. What I think "crypto" means in regard to crypto-currencies, though, is that Crypto is short for Cryptography…cryptography is defined as the art of writing or solving codes.

  10. Avataaar/Circle Created with python_avatars Cole Ile says:

    I've been swing trading ZiL for a while now. Very easy to gain and secure profits.

  11. Avataaar/Circle Created with python_avatars Lobsterasarchus says:

    Hardware wallets, like the Trezor or ledger Nano are great. They are much more safe in theory than letting a platform hold it for you or having a wallet that's totally online.

    I have more ADA (Cardano) than anything else. this could be far fetched, but if all the the deals Ada is trying to do with Africa get implemented, I see Africa as being the next superpower given their demographics where a huge percentage of the population are children. If they can get their money and governments in order to create real infrastructure through the crypto and create real borders that make sense as opposed to borders that exist only because a European diplomat said so, they could become the next superpower. We saw how fast China industrialized. Africa might do the same. Birth rates in most western countries are down. Only 1.5 children for every couple in many countries. That is not enough to replace the current aging generations. China's one child policy hurt their productivity and therefore have an aging population with very few children, all while having very few female children. Russia also has a low birth rate problem. I don't see very many superpowers left who are still growing. It also costs countries a lot of money to take care the elderly financially, let alone keep them from croaking. Africa will likely not have these issues and this will hopefully boost the value of ada sky high.

  12. Avataaar/Circle Created with python_avatars wedgtable says:

    Yeah let me just hold that money for a few days and earn a boatload on interest on it, and then I'll give it back!

  13. Avataaar/Circle Created with python_avatars Explore Unexplore says:

    News:Biggest financial heist ever
    USA government: “hold my beer”

  14. Avataaar/Circle Created with python_avatars Martin Ramm says:

    And that's why Crypo is the stupiest place to invest money, can;t believe Matt is waiting to win AMC lottery ticket to loose all it's gains on made up of ass currency… good luck.

  15. Avataaar/Circle Created with python_avatars lovemyalaska says:

    Interesting article 👍 my big 3 favorite cryptos are…
    Etherium
    Chainlink
    Doge

  16. Avataaar/Circle Created with python_avatars Glenn Edward says:

    Hey Matt when are you going to show how many shares you own? Also would you be willing to discuss the Day Trading your YouTube group has been doing to AMC while you recommend that everyone else hold through the wave? Also address why many of the apes are trading put options on the stock which is counter to the movement.

  17. Avataaar/Circle Created with python_avatars Oregon Highroller says:

    AMC and GME should come up with a multi-player scoring game that everyone can play at once in one designated theater and it goes from person to person and of super fast sequence and you have to solve something or do something specific to the game and the person with the highest score within the group in the theater wins like prizes from AMC like food or candy I think that'd be an interesting wow way for them to merge and also like create a new video game that'll be like super new and like a multi-faceted idea a new game!

  18. Avataaar/Circle Created with python_avatars Cytozen says:

    Hit me with that 30k Doge, wanna say I turned a single 20 cent Doge into 30k. That makes me a financial genius right?

  19. Avataaar/Circle Created with python_avatars Kurt Jensen says:

    Matt,
    Should I move my shares out of Robinhood to Fidelity or TD Ameritrade?

  20. Avataaar/Circle Created with python_avatars Richard Graham says:

    i don't give a shit about Crypto I watch you for AMC & GME

  21. Avataaar/Circle Created with python_avatars Alex 0393 says:

    Coinbase is going to be the third party that allows amc to accept bitcoin, giving amc cash for the btc. Imo.

  22. Avataaar/Circle Created with python_avatars ProfoundlyEric says:

    Hey Matt! Would love to hear your thoughts about Stellar Lumens (XLM) and Ethereum Classic (ETC)

  23. Avataaar/Circle Created with python_avatars TheRickyJohn says:

    Not sure if anyone has mentioned, I am very bullish on XRP, I believe in what they are trying to achieve and have 220 XRP tokens, not much but I'm only an X amc and X gme ape, you only put in what you can afford to lose

  24. Avataaar/Circle Created with python_avatars DC Trades says:

    It's nice to see someone have the same 4 favorite cryptos as me.

  25. Avataaar/Circle Created with python_avatars rarenium2500 says:

    AMC and DOGE is my main play. Would not touch Cardano after Hoskinsons ranting on Dogecoin, I praise the underdoge.

  26. Avataaar/Circle Created with python_avatars Mark Reynolds says:

    Solana is interesting. Should be a power house in terms of block chain technology and bringing its advantages to numerous industries. Worth watching!

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