The Bitcoin Thread

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PAYBACK said:
Ok so I recon big’ish sell off tomorrow before Segwit2X lock in around Wednesday. My plan is all in when it hits around 3600-3700. Then I hold till end of the year and ride that bull
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Well it hit $3700, R54000 on LUNO. Feels good to be back
 
I.am.Sam said:
i bought R1000 last week

went up to R1080

back down to R1000

should i worry :)
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If you were hoping to get rich in a week, yes. If you don't watch it like a hawk for the next month you'll be fine. Price is coming down right now relating to Segwit.
 
1Broker looks very promising
Check the fees:

https://1broker.com/?c=en/content/fees

Sign up was painless.
I like the option to copy others' trades.

YpxCIL1.png
 
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So I want to buy some more Bitcoin but I'm getting a bit uncomfortable with keeping my Private Keys on the Luno exchange (yeah I know, should have sorted that out weeks ago).
I want to get a hardware wallet but it'll take some so I'm thinking of keeping something like Electrum on my local work Notebook in the meantime...

Any comments on that?
 
RaptorSA said:
So I want to buy some more Bitcoin but I'm getting a bit uncomfortable with keeping my Private Keys on the Luno exchange (yeah I know, should have sorted that out weeks ago).
I want to get a hardware wallet but it'll take some so I'm thinking of keeping something like Electrum on my local work Notebook in the meantime...

Any comments on that?
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Exodus. Supports Bitcoin and Ether and many other coins.
 
garp said:
Confirming the recipient account number has no different issues from using a bank account the old way, really, apart from the irreversibility.
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Of course it does.
1) Deposit addresses change, your bank account # doesn't.
2) Deposit addresses are long and not VERY DIFFICULT to dictate or copy without a computer.
3) As you mentioned, irreversibility...

But the irreversibility can also be a positive - e.g. look at how much of an issue online retailers have with people who dispute and reverse their charges after they've received the goods.
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That's a positive for the recipient, not the sender
In that sense, cryptocurrencies are irreversible in the same way that handing physical cash to someone is irreversible.
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As a consumer, that's a major negative. Unless you're advocating for consumer rights and safety to go out the window.

As I pointed to, the issue of a user friendly way for handling addresses is actually a fairly trivial problem that needs slightly more user friendly wallets allowing you to publish your wallet receiving address in a directory with some kind of sms validation to your cell number, and I'll bet there are already a lot of them in the pipeline.
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That's exactly what I'm saying is required - a simpler way to tie an address to a user. We agree.

As for blindly trusting technology, intrinsically no different from anything else we do, but I'd argue that there is actually more trust built into the way blockchain works as transactions must be independently verified multiple times in a decentralised fashion.
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Sure, you and I know that.
 
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RaptorSA said:
So I want to buy some more Bitcoin but I'm getting a bit uncomfortable with keeping my Private Keys on the Luno exchange (yeah I know, should have sorted that out weeks ago).
I want to get a hardware wallet but it'll take some so I'm thinking of keeping something like Electrum on my local work Notebook in the meantime...

Any comments on that?
Click to expand...

I'm using Electrum. No worries, just make sure you save your seed securely.
For that you can simply paste it into a text document which you zip using 7zip and encrypt with AES-256 then stick on dropbox or onedrive etc.
 
Ockie said:
No. For my BCH coins I just use bitcoincash wallet on my phone. If Exodus starts offering support for BCH then I will transfer it.
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Sabre Wulf said:
I'm using Electrum. No worries, just make sure you save your seed securely.
For that you can simply paste it into a text document which you zip using 7zip and encrypt with AES-256 then stick on dropbox or onedrive etc.
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Thanks guys. Still a complete n00b when it comes to how these things works (like Electrum wallets on differenct machines, is it a self contained portable install in a folder etc.)
Will play around with it a bit.
 
Sabre Wulf said:
So here's an issue. I'm savvy and I've tried three times to make BTC payments to local suppliers - 2x Payfast, 1x BoB - they all timed out before they could be confirmed and they had to send the money back. Each time it comes back with a little less $
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+1
 
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