I have $15k ready to invest in bitcoin but can't bring myself to do it right now, seems like no one knows what's going to happen in the near future. Have people got a price in mind for btc to break through, that will signal a real uptrend? Would it need to be a new ATH from here?
Just wait for another announcement from China or the likes that has a detrimental impact upon BTC and you will see the price drop. At that point you want to buy in near the bottom so that you can ride it out and wait for BTC to eventually rise once again. Be careful though BTC is extremely volatile so don't invest anything your not willing to lose in the long term. |
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Let's see to crack the wallet you need a copy of the encrypted wallet + the password
1. Offline backups mean to get the copy of the encrypted wallet you need to physically visit his residence/office and grab the backup disks.
2. Online backups mean you need to access his cloud account. You can take your sweet time doing this remotely. Phishing attacks would work in this scenario.
So IMO 1. is much better.
edit: To secure your wallet in your online storage you have to keep a strong password for you wallet file, your storage account *and* your email account because otherwise a thief could use the forgotten password link to get access to your storage account. To secure your offline backup you only need the password for your wallet file and the key to your safe deposit box/storage box whatever where you are keeping your backup media.
The problem with 1. is that if you don't store you physical USB (or w/e storage device) somewhere other than your home, if you home burns down or if you lose the backup then your kind of screwed if you do need to rely on your backup. With 2. the only way you actually lose your wallet is if you give out your password (provided it's a proper secure password - not something stupid like 1234) in which case if your dumb enough to give people your password then you deserve to lose your money. It's like if your dumb enough to give people all your bank details don't be surprised if people just empty out your account. |
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All of this crap will only make it harder to a) make backups and b) restore from backups and c) recover backups should you ever forget your passwords. In the end you'll be dissuaded from making regular backups and you'll loose coins, so keep it simple. Use the built in encryption in bitcoin-qt and store your backups offline on removable media like USB drives. Sticking it online is asking for trouble.
Also remember to make new backups once every 100 transactions or you'll loose coins. Alternatively you could switch to electrum and only need to make one backup at the start.
Provided he uses a long password (20+) with numbers, different cases and symbols he should be fine with uploading it, as unless his pass is guessed or hit by a dictionary attack he should be fine with uploading it to an online storage site. Plus it means that if he has a fire or somehow loses all his USBs he can always download a copy of his wallet. |
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It's because GHash does merged mining with NMC, DEV and IXC.
Personally that's one of the reasons I prefer it, but also that I can trade GHS along the side for some profit (which I'm inclined to say seems all pure luck and speculation) and it has a rather nice interface. Honestly, I'd doubt we're likely to have Ghash.io get over 50% and even if we do I don't think the consequences are going to be as massive as OP is predicting. |
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I think I'll sign up for the free picks. I'd prefer to see some success and public track record before signing up and paying for picks, something I've never done before.
Well, it might be difficult to see their success as so far their only giving out percentiles or W/L records rather than a units measurement which would be supremely helpful in seeing if their picks are profitable. One could choose a ninty-nine -10000 picks and pick one +105 pick and have that lose and yet have a 99% win record which sounds impressive. However in all probability you would be down overall indicating that percentage W/L are not the best indicator. |
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Nope, Theymos is the only one with the power to remove trust ratings, however I don't know of a single case where he has. Negative feedback isn't a big deal if the person leaving the feedback doesn't have any proof or grounds for the negative feedback, most people will just disregard it.
Ah ok, thanks for clarification on that point, wasn't too sure about it. As a side note, would you happen to know why the scammer tag is no longer given out? |
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I'm not too sure you can actually have anyone remove trust that isn't "fair". The mods and theymos should theoretically have the power to remove them, but I highly doubt they would as it goes against the principles of having an unmoderated trust system. There is no point in having a trust system if the trust can be arbitrarily changed or removed as it just breaks the system and is open for abuse. I wish you luck in trying, but don't get your hopes up.
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so been using bitcoin a little over a year and i decided i had a few burning a hole in the wallet. was pumped when i found this website and i could play poker for bitcoin. so i made the deposit and then i see at the bottom of the page it requires 2 confirmations. WTF does this mean i was never asked to confirm shit.
Confirmations are a term used in all Bitcoin not just SWC. If you are truly interested I would advise reading more here: https://en.bitcoin.it/wiki/Confirmation. If you've made a transaction and paid the fees it'll eventually have two confirmations just wait it out. |
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Rather than simply giving us raw percentage W/L would you be able to include the overall units your ahead by and how many units you bet on either wager (or are they all flat bets)?
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But IMHO you should charge a small % from the get-go. People are very wary of free services. Nothing wrong with charging a little for a good service  Some of the more well-known and trustable escrows are actually free (e.g DannyHamilton) so I wouldn't necessarily say that free services are bad. It's just that people have the mindset that only bad things are given away freely. |
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I will not accept payments from you if i dont see you as trusted , i have 50+ vouches on another forum with an exchanging service which i will prove.
Yeah, well if you do have these so called "vouches" why don't you actually post some proof of that or better yet trade on the forum where you have those vouches. This is like the 50th thread you've opened to try and scam people. |
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Which country would this iTunes Gift Card be for; the US store?
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Correct me if I'm wrong to be worried about clicking on some random link from a new poster... ?
Yeah, in general it's not a good idea to click random links (especially shady links such as those .onions). For all you know OP could be trying to spread some malware... |
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he is coming online daily but his last post on 20 Dec and saying start to paying back in next few days but still nothing happening hope he recover all wallets and start paying soon
I dunno, but I feel as though this "recovering wallets" claim is just some BS to buy himself some time while he works out his exit strategy. If he truly had wallet issues, he should come forth with the details and explain how this situation occurred in the first place and make sure to cater to the needs of his users by providing regular updates. |
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Another newbie who doesn't actually read before rushing into things. If you actually read what the site has to say, you have to reach a threshold before you get a payout.
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I've never had a bad experience on localbitcoins. Stick to established traders and you're good to go.
Yup localbitcoins is really the best place to safely buy BTC provided you do some background research. |
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Some people are either silly/foolish or don't actually understand how the system works so they send it there and expect something to happen. Honestly, its just a famous example of a well known address... |
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Would you guys be able to send my withdrawal transaction (ID #585) as it is simply stating pending rather than actually producing a transaction?
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Its not just "weeks", it doesn't happen with international wires. Nobody has gotten an international wire done in months as far as I know.
Well with that it's surprising that there is any volume of trading going on at all. They used to be one of the biggest players, what exactly happened to them? |
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nobody is ever rich enough!, would you stop making money if you had the opportunity to do so??
The thing is if you had something like 50,000 BTC why would you bother with something that would only make you a pittance in comparison when you could be off spending that dough. And if you've been around for so long on the BTC scene why do you have a completely new account with no trust and expect people to give you $6000... |
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