The Bitcoin Thread

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Tman* said:
Save the web page offline that randomly generates the wallet. Format pc, before connecting to the internet, open the offline page, generate wallet and save.

edit, here is a great tutorial: https://www.youtube.com/watch?v=VTsHeiBhPIM&t=16s
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Ok so I created a paper wallet and send R20 to the address. I then imported the private key on blockchain.info

So I know it works, but it seems like this paper wallet is now merged into my blockchain.info account.

My question is, if I wish to now store a large amount for a long time, should I create a new paper wallet and only import it when I wish to cash out (As the current "test wallet" is now already imported?)
 
LUNO: "When Bitcoin Gold gets created, by forking from the main Bitcoin branch, those tokens will be securely held by Luno. We will not use or sell them. If Bitcoin Gold proves to be safe, supported and valuable in future, we’ll consider giving customers access to it at that stage. " ... Anyone else thinks it meets this criteria now? I know Luno probably has more pressing issues such as keeping up with the higher usage but it would be nice to get this at some point...
 
garp said:
Don't print them out, that could leave traces on your PC. Write them the old fashioned way and verify that they work and you can read them by restoring them again.
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Also some printers have hard drives that store images of what has been printed.
 
L10Yn said:
LUNO: "When Bitcoin Gold gets created, by forking from the main Bitcoin branch, those tokens will be securely held by Luno. We will not use or sell them. If Bitcoin Gold proves to be safe, supported and valuable in future, we’ll consider giving customers access to it at that stage. " ... Anyone else thinks it meets this criteria now? I know Luno probably has more pressing issues such as keeping up with the higher usage but it would be nice to get this at some point...
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There is a thread about that. See here:
 
So.....been buying and selling a little bit with the dips and highs.......but the last days movements are just too fast. :(

Lost R700 overall value in past 24 hours through panic decisions. I'm still up overall, but it half of my gain got wasted.

I'm posting this as a warning for new guys starting out on this and wanting to day trade for extra profits .This is DAM RISKY. You cannot always get back in at the right process and you may lose out. Please use this as a warning. And a lesson


Time to Hold on for deal life. :)
 
balky said:
Also some printers have hard drives that store images of what has been printed.
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That's interesting.

Might seem silly to be so paranoid if you only have a small amount, but ppl should remember that the same key applies one day if you have a large sum in the wallet, or it's worth a lot more.

Let's say you have 0.1 BTC (~R18k at today's prices). IF (big IF) BTC really goes to the moon and is worth $1m in 10 years - that would be worth R1,5m. It's easy to imagine that the ppl who scour scrapped printers and devices for metal will just as much be looking very carefully for wallet keys etc??
 
Voicy said:
The price is rising fast. Im expecting a big correction around dec 11th when btc futures open.

I wanna buy in more but will have to wait for a dip.
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Zulfi said:
how big correction do you think?
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Tman* said:
Care to elaborate a bit as to why you think it will dip with the launch of futures?

With the launch comes hype and its essentially opening a "new" market, if anything I predict it will climb even further?
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Here's an interesting discussion regarding Futures for those interested. Of course it's all speculation, but interesting nonetheless.

https://www.reddit.com/r/Bitcoin/comments/7hvk9e/strap_in_and_get_ready_to_have_daily_panic/

Sh** is about to get real. We are about to experience something no one has ever seen. We have a new currency that is not controlled by any government and not backed by any government. It’s magic internet money.

However, futures trading starts next week. This is a HUGE MONUMENTAL thing. Futures. Futures are Wall Street wizardry and no one knows how this is going to impact BTC.

No one. Wall Street is out to make money. They don’t care at all about blockchain, about changing the world, making money accessible to all. All they care about is making cold hard USD cash.

They are not trading futures to help the cause or make BTC “legit”. They are doing it to make money.

Next week is going to be scary. Someone is going to make a ton of money, but no one, and I mean no one, knows if it will be us (HODLers and early adopters) or them (the slick traders creating futures to make money).

The futures will not actually trade BTC, but it will impact the price of BTC. You have to be ready for this.
You can be ready in a few ways:

* HODL. Ignore the price, ignore the news. Take your hardware wallets, your paper wallets, and put them away and ignore them. The price is going to go nuts. Maybe up, maybe down, but it’s going to be insane. Stick to your plan. HODL.

* Set your limits in your exchange of choice. What’s your buy and sell number. Set it and stick with it. The computers are going to make trades faster than the exchanges can keep up with. Remember the 9k dip that lasted for seconds? Imagine a lot of that. You won’t be able to move fast enough. If you want to get in or get out at X, set it now and live with it.

* Get out of BTC. Take your profits and leave. You’ve made a ton of money. Take % out and put it into the normal stock market, mutual funds, ETFs, whatever you want. Leave the rest in. Move your BTC into a traditional asset class and diversify.

These are your options. You need to take a hard look at yourself, at your wants and needs, your goals, and make your decision ASAP.
Futures are coming and it’s going to be a wild ride. If you don’t think you can take the insanity, make your plans now.
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Here's one for schumi...

1 Bitcoin now gets you a new car, which would've cost you R11k to invest this time last year.

btc price.jpg

fiesta.PNG

polo.PNG
 
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The wall at $12500 Bitfinex reached but not breached! Down we go before bringing in reinforcements.
 
Voicy said:
Going on holiday. Already got perm residence here in the arctic. Ooh that reminds me, gotta update my thread with some new pics.

Bringing my norwegian mrs with me to "see Africa", some say I'm bringing her to meet my parents and that it's getting serious, but in truth I'm just bringing her to show her I actually have friends and that some people consider me to be cool. :o
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and to show your friends you have a GF :p
 
Voicy said:
Here's one for schumi...

1 Bitcoin now gets you a new car, which would've cost you R11k to invest this time last year.

SNIP
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to think I started investing at 52 thousand a bitcoin, I stopped some one buying one bitcoin at 68 Thousand as I warned of a huge correction
 
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