For this reason, I have always said that to store coins in online wallet is always easier and safer. Your PC is always more vulnerable to hackers. Now you will not return your bitcoins. I feel sorry for you. If you plan on storing your coins in your PC then do it on the computer which never goes online.
If his PC was infected with some malware/keylogger then there is no differences where he store his coins,desktop or online wallet is exposed to the same risk as hacker need his password or log in data to to get access to the desktop or online wallet.There is a big problem with online security these days,some users not use any protection and they click on everything.Good antivirus+firewall and Malwarebytes Premium + updates of OS is something every user needs,especially if kept such value on PC. luigi2169 there is almost no chance to get back your coins-but maybe you can help others with some additional information,do you use any security software on your PC/do you download some program/file from internet in the last few days?
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If anyone really wish to get referrals on every site, I think it needs a lot of effort and time to keep on promoting your referral links in legit way, I have gotten myself quite a few referrals in the past when I am actively promoting my referral links, but sadly to say those referrals have gone inactive at the moment.
That is common because when people are new to bitcoins then only for some time they will try these faucet sites and once they come to know either these faucets are waste of time or they got better ways to earn bitcoins then they will be inactive on these faucet sites. I too got around 20+ referrals but nowadays one couple of guys are active and I use those coins to buy lottery tickets every week. It is not too hard to get referrals for faucets these days,many new users are attracted to crypto world because of high BTC price.But like you say problem is that most of that refs will become inactive after some time,some lose interest-others forget their logging details. I have nice number of refs on freebitco but most of them are not active as I can see,but there is a few hundreds free tickets for me every week and hope to one can be lucky to win something on lottery.I use this faucet just few times per week,remember times I use it at least 10-15 times every day ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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This is in any case a very different attitude to cryptocurrencies than we can see it recently from many governments around the world.I like their thinking and the direction in which they go,let people use it and observe situation so at any time they can react appropriately.It's interesting to see that eastern cultures have greater understanding and tolerance to cryptocurrency if we exclude China from that.But even they return to the game with opening of their exchanges again.I hope the western world can draw some lessons from Japan,Singapore and others to create a better environment for cryptocoins.
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For some good, for other bad news, but there was news that something like this is happen sooner or later.Chinese authorities have obviously done they work in the area of regulation exchanges and now the Chinese will slowly return to the game.Some will say it would be better without them and I can agree with that,they created many problems for BTC in past and it is very possible that this will be the case in the future.
I do not think there was any question at all that the Chinese completely retreat from BTC,money is still in the first place for every government.Will the return of the Chinese exchanges affect the price?The answer is probably yes,after fork we should have crazy driving up.
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Like many others I can say it is good just to get some free coins and sell for quick profit,but many users will not do even that because it is not simple process.Bad side of this is one more "New" BTC which creates unnecessary confusion among users and also second big problem is hackers who create false wallets and in that way steal BTC from users.It happened with BCH and I think some will lose their coins this time also.
Unfortunately this forks/new BTC have no end in sight,sometimes I wish Satoshi is protected name "Bitcoin" and make hard fork possible every 4 years like halving.
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I have a question about possible tax payment when I use your service in EU countries.When I order Bitwala Prepaid Debit Card(physical) and use that card for ATMs withdraw or payment via POS is that visibly to every tax office in EU?
Second question is regarding card verification as I see you have level 2 user which have unlimited lifitime card,is there option to use card without verification and what limits are in that case?For verification you ask passport,can it be ID card which is used to travel between all the EU countries?
Hi Lucius, We do not send payment information automatically to any tax office (or police). If the police or tax office should ask us directly about the information of individual users for ongoing investigations we would have to comply with the laws in Germany and EU laws. You can find all the relevant information regarding level 2 verification here https://help.bitwala.com/general-information-and-account-verification/what-documents-do-i-need-to-submit-for-verification. From December 2017 unverified cards will have a €200 lifetime limit. At the moment it is €2500, but you would have to get in contact with support@bitwala.com for this. Best regards Robert @Bitwala Thanks for the detailed explanation,there is a saying that there are two things in life of which there is no escape-death and tax.It is better to pay the tax immediately,in case tax office discover us after few years we pay taxes and interest. I know about the EU decision for card limits, it would make sense for unverified cards to have limit 200€ per month,but for lifitime really does not make any sense.In this way EU simply wants all users of such services to be verified.
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I recently just won about 10k usd on blackjack off $300 ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) , one way(their preferred way) to cashout is bitcoin. I downloaded bitcoin armory, figuring out how it works as we speak,seems like and advance wallet.... pretty sure I need to download a bit coin core. Anywho, my question is would be worthy to cash out the money through bitcoin, or try to do the old fashion way(a check). I know bitcoin rates fluctuate and I could potentially lose my winnings if the exchange rates drop. However, I made an account on itBit and once my accounts verified i'll most likely just exchange to cash. The problem is the verification can take 2 weeks. Thanks for the help in advance, any advice is welcomed and appreciated. Congratulations on a nice winnings,almost 2 BTC win is something that does not happen every day. As for your concerns what and how to cash out your money,I would recommend to you that you cash part of money in cash/fiat and and to leave something in BTC.In this way you will definitely profit short term,and very possible long-term if BTC price go up.Of course it's your decision and your money, BTC is always risk investment but for now looks very promising for the future.
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So I see some people around me, that seem to be able to find an altcoin that it brings them 5-20% increase in btc. How to resist not to put everything on an exchange and do the same? I did try a couple of times, but failed to make any profit. Should I be ok to just hold and put around 10% of my salary into BTC each month? Also, should I hold some alts or only BTC longterm?
thanks for the input
Trading with cryptocoins is very risky business,but sometimes very profitable and people are very easy to get hooked on it,especially if they have success in the initial stages of trading.But as you say it is not easy to find altcoin which has the potential for growth,many come quickly and even faster disappear.If you want to be successful in trading you have to be in that one hundred percent,check altcoins section daily,read and learn how to recognize right opportunity. Like you say trading is not for everyone and your plan is actually very good and can make you very nice profit.In addition to BTC which is the most promising coin it is hard to say which coin is suitable for longer investment,maybe ETH or LTC.
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About 18 months ago, I took all of my saving to invest in Bitcoin. I did that without telling my wife. She was so angry and said how foolish I was. Yesterday, I show her my BTC wallet and the current price of Bitcoin... "Honey, please look at my Proof of Foolishness" I told her. "and I will foolishly continue holding these BTC untill the price reach 500,000 USD. I wish by then I will once again show you how foolish I am" I think this is in any case a risky move,but which at this moment certainly paid off.What would be wise to do and someone has already advice you,at least cash out your initial investment so you will have your money and BTC to wait your expected price. Compared to the family who sold the house and everything else and invest all in BTC this is a little less drastic example,but I agree that this was still gambling.What is the risk here we are talking about it is unknown to us because we do not know amount OP is invest.
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I think the big majority of users knows what it is about this BTG and most of them will sell the first time it is possible.It is hard to believe that BTG may be something more or less then BCH,just one more altcoin for quick profit.So we can expect that users will dump BTG and buy BTC or maybe some altcoins and this means that new money will couse price increase of BTC.Also there is another fork and another opportunity for extra earnings very soon,so in general free coins are coming and how much you will be profit depends on how much BTC you have at moment of forks.
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It's never too late to buy some BTC if you believe the price will go up in future.I know everyone has a goal to possess at least 1 BTC,but for most people this is currently something that can not happen because of the price.You have to change the way you think and instead of thinking about buying 1 BTC make a plan and buy a certain amount every month.Some will need one year, some two or more but in the end you can have your 1 BTC.
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I am using SteadyTurtle for years and and I'm very pleased with the service,if there are some small problems they are quickly resolved.Prices are very favorable and you can pay with BTC using CoinPayments which makes the service really quick and easy.I'm currently using Ultimate plan which fully meets my needs and if I need more resources I will definitely try VPS.
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I have a question about possible tax payment when I use your service in EU countries.When I order Bitwala Prepaid Debit Card(physical) and use that card for ATMs withdraw or payment via POS is that visibly to every tax office in EU?
Second question is regarding card verification as I see you have level 2 user which have unlimited lifitime card,is there option to use card without verification and what limits are in that case?For verification you ask passport,can it be ID card which is used to travel between all the EU countries?
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Almost 80% of all bitcoins have been mined. 20% left for distribution until year 2140. Adoption has barely started. We are still pretty early, if some want to believe that or not. Therefore exponential growth in terms of price will keep going for quite some time, with corrections within that. I don't know if $250k is possible until 2020 but I think it's indeed just a question of time until it happens. Of course as long as no other Mt.Gox like drama happens. Furthermore you can be sure there will be forces trying to slow down the growth as much as possible and distraction and manipulation to get your coins will continue to happen!!
It may be worth mentioning that from that 20% which remained to be mined today only 1% or little more will remain around year 2032 and with 4 halving until that time things will become very interesting.I agree that BTC actually in its early stages,as a child of 7-8 years old who is still learning and developing,much remains ahead of him to become strong and successful.Just like every child needs direction and attention, BTC also need support from developers and community.This 250k $ goal is likely to be achieved in next 7-15 years.
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I don't know about the Ledger... but I recently received an Email from Trezor saying they have cheaper postage options to some locations (free to EU etc), and a promo code for €10 off the purchase price... making them €79/each + shipping. As a token of our gratitude, we would like to offer you a €10 discount on every TREZOR device of your next purchase. But that's not all! 😉
We have also revamped our shipping prices for Europe and North America. With cheaper shipping, you can save more than just €10!
If you live in the European Union, you can enjoy free standard shipping! Or you can opt for quicker DHL shipping only for €17. Selected other European countries can also benefit from shipping by DHL for €17, down from €26. To North America, we are newly shipping for only €22. A full list of changes is available on our blog. Get €10 off on each next TREZOR! Apply "celebratetrezor" at checkout.
Thank you for this info,I just check on Trezor site and it is true that they have free shipping to EU,but promo code is working just for next purchase.In total price for Trezor is 107.69 EUR including VAT 21%. On the other side Ledger Nano S is in total with shipping and tax 84.18 EUR.There is a difference in VAT(Value Added Tax) between EU countries and between certain types of products.In this case Trezor is sending from Czech Republic and Ledger from France.
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Yes. Now bitcoin has a lot of bubbles in it. We still have to remember a few years ago, in almost a short period of time, bitcoin from 8000 dollars to 1000 dollars. The loss of other coins is even scarier. Let's be more rational to invest in bitcoin!
I do not know where you found that information,but BTC has never reached the price of 8000$ and then drop to 1000$.The highest price was achieved a few days when BTC crossed mark of 6000$. Price correction is something quite normal in the world of cryptocurrency and happens constantly,in that way the market works.Is it possible that some big crash happens in future?It should always be taken into consideration that invest in BTC is very risky,but it can also be very profitable.If you have some money on the side and you can afford a long-term investment BTC is definitely worth the invest.
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It would be really wonderful that something like this happens because there would be a lot of people who will become rich if they have 1 BTC or even less depending in which part of world they live.Considering nature of BTC I would never say that even this prediction is impossible by 2020,but I would be more moderate in such prediction.Can price of BTC go up around 80k $ per year to achieve such a prognosis?It is very difficult in the opinion of many users surely.If demand stay high and we see positive movements in next years,maybe after seven years and two more halving we can expect something close to this price.
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I have a Nano and just got two Ledger Nano S.
Go with a Ledger Nano S you won't regret it.
I'm thinking of buying hardware wallet and the choice is naturally between Trezor and Ledger Nano S.How much I can see the difference is in design and price.As far as designs are concerned, both of them are quite okay for me and the only thing that makes me the difference is price which is on the side of Ledger.I see there is option for promo code in Ledger page for a discount,was there anything like that lately?
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What is the difference between importing and sweeping the keys?
Just to add something important in case you want to import your address/private keys in Electrum.If some of address you import in Electrum have large number of inputs then you will face the problem when you try to spend that coins,Electrum just freeze in that case.Even import private keys is free, you may encounter this problem and also that address is not secured with seed.In general it is better to use sweep option,you need to pay transaction fee but you can send coins from all addresses at once to new generated address wich will be secured with seed.
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I can agree with everyone who say that question by OP have no sense and that something like that would never worked.Using only one address is completely the opposite what represents BTC and it would be like we have account in normal bank.Only way government can track BTC users to collect tax is to force all exchanges that collect users data and give them that data back once a year.So if you are verified user who buy/sell BTC on exchange you will pay tax.Question is do we pay tax just to own BTC or in case we sell it for fiat?
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