So as I understand it, each public address that I see in my wallet is actually just way to credit coins to a private address. So if I had a wallet with a hypothetical 100 BTC in it, is it safer to store it all in 1 address or break it up into different addresses? Do I need different wallets or is just having several addresses more important?
I understand if my computer gets hacked, etc., I could lose it all, so it is safest to store on PC that is not used for other things. My question concerns more if the private address is compromised, would someone get all my coins or just what was on that private address?
First question, it is advisable to keep your holdings into several offline addresses specially if it is of a large amount, though a single offline address in an offline machine coud also help you in keeping your precious bitcoins. Second question, what do you mean by private address? Private keys? Kinda confused on this one. Yes, I meant private key I guess. So is it better spreading it out across different public address (private keys) was the question, which I think you answered with the first.  Different wallets aren't that necessary, different addresses may help you achieve what you really wanted to do (keeping your bicoins safe.) The most important thing you must know in keeping large chunks of bitcoins on a certain machine (because I'm really getting confused and it's 5 am here) is that never connect it to the internet. Keeping your coins on a machine that is connected to the internet has higher risks of getting compromised than a machine that is never connected to the internet. I hope I answered your question already, because I got dizzy by just reading the questions.  Thanks for responding. I think you are getting dizzy as I do not know how to correctly ask my question. Just when I think I understand it, I find I don't... So, do I need to sync up the wallet first or can I just put on a new Windows install on a new HD and install updates, etc. Then install the latest wallet version. unplug the Laptop from the Internet, fire it up, generate a new key (address) and then send money to it? How will I know it is there? There is an import private key option for every wallet, that could probably help you "sweep" all the balances from one wallet to another. |
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I don't know if any others are doing this, but I guess selling BTC when it is up in terms of $$$ then buy btc again when $$$ - BTC is low. In that way you can pretty much gain something in the form of BTC, but I don't know how feasible this can be because first and foremost you couldn't predict the markets exactly.
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So as I understand it, each public address that I see in my wallet is actually just way to credit coins to a private address. So if I had a wallet with a hypothetical 100 BTC in it, is it safer to store it all in 1 address or break it up into different addresses? Do I need different wallets or is just having several addresses more important?
I understand if my computer gets hacked, etc., I could lose it all, so it is safest to store on PC that is not used for other things. My question concerns more if the private address is compromised, would someone get all my coins or just what was on that private address?
First question, it is advisable to keep your holdings into several offline addresses specially if it is of a large amount, though a single offline address in an offline machine coud also help you in keeping your precious bitcoins. Second question, what do you mean by private address? Private keys? Kinda confused on this one. Yes, I meant private key I guess. So is it better spreading it out across different public address (private keys) was the question, which I think you answered with the first. Different wallets aren't that necessary, different addresses may help you achieve what you really wanted to do (keeping your bicoins safe.) The most important thing you must know in keeping large chunks of bitcoins on a certain machine (because I'm really getting confused and it's 5 am here) is that never connect it to the internet. Keeping your coins on a machine that is connected to the internet has higher risks of getting compromised than a machine that is never connected to the internet. I hope I answered your question already, because I got dizzy by just reading the questions. |
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So as I understand it, each public address that I see in my wallet is actually just way to credit coins to a private address. So if I had a wallet with a hypothetical 100 BTC in it, is it safer to store it all in 1 address or break it up into different addresses? Do I need different wallets or is just having several addresses more important?
I understand if my computer gets hacked, etc., I could lose it all, so it is safest to store on PC that is not used for other things. My question concerns more if the private address is compromised, would someone get all my coins or just what was on that private address?
First question, it is advisable to keep your holdings into several offline addresses specially if it is of a large amount, though a single offline address in an offline machine coud also help you in keeping your precious bitcoins. Second question, what do you mean by private address? Private keys? Kinda confused on this one. |
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Definitely folks, help spread bitcoin in greece.
Put up posters, bilboards, contact newspapers, tv, or any media or press.
We need to tell the greek people to use bitcoin, it will liberate them from the shackles of the banksters, which they want it already.
Greeks must have some prior knowledge regarding bitcoin so it isn't that much hard to spread the word about it. However, the problem is how are they gonna buy bitcoins if they are only limited to withdraw a couple of euros per day? |
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If you look at how few people there are who have bitcoin and how much of the bitcoin is owned by whales you will see that there is no way to make i stable. A single whale can break the whole economy if he want.
Not unless he has tens of thousands of coins and also a fat wallet of $$$. You see, the bitcoin ecosystem isn't only comprised of a single whale that would decide bitcoin's price. There are many of them swimming around, playing mind tricks against each other. There is no way that bitcoin's price will be stable for longer than a month, given that there are whales constantly playing with the price. |
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slowly i think Filipinos will accept use of BTCbut not in the province side more likely in huge developed cities i even tried to explain it to my friend and i ended up giving up because of the questions being raised  Yes and I think that many of the people are not having bank accounts in philippines so bitcoin would serve their purpose they can easily use it for shopping and stuff and they dont require bank account for that so it can create an revolution in philippines and I believe the government should make it legal. It's legal here in PH .Plus even without bitcoin people here can do shopping without bankaccount. The benefits for PH people here is we have another option plus the bitcoin price depends on USD exchange and not on BTC to PHP exchange. It's an advantage somehow. and also its advantage is student can used bitcoin liked here some of the university here in philippines are using bitcoin, its a great help for us to pay our tuition and also our daily expenses. Hmm I don't remember any Philippine universities accepting bitcoin as a form of payment for tuition, but yes, that could probably help some students who already know about bitcoin and is already earning something out of bitcoin. About the daily expenses however seems to be far-fetched as of this moment, because there are little merchants who are willing to accept bitcoin as it is. |
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Great coinbase, this is the right time for Bitcoin to introduced to the world. Because Bitcoin price are rising now, and I hope it would reach $1000. Every time is the right time to introduce innovation. I don't think that flashing Coinbase's name on Wall Street would make that much effect on bitcoin's side. However, Coinbase is mainly known because of its bitcoin-related services. Though that means something, we could not easily assume that there will be an effect in price, but we can safely say that awareness about bitcoin was spread because of that advertisement. |
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I don't think that the president of the United States himself would even talk about a possible candidate that will oppose USD. Also, he has no reasons or whatsoever to publicly address matters of some sort in regards with bitcoin. But if that ever happens, the public might go bat shit crazy about it, and might also be a cause of a new ath lol.
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when it's the best time to buy BTC again?
Right before it start to go up....  Well, every time seems like it's about to go up. The thing is, to better average your entry price, try buying in different prices. Yes, time to buy now of course! Every time is a good time to buy bitcoins (that is, if you don't mind the prices or you are planning to hold for long.) |
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There has been some funny things going on lately with the blockchain... We are used to seeing 1 block forks, but a few days ago it went up to 3 blocks and it rectified that.
Your transactions might have been in one of these forks.. and when the longest chain rectified this, it cancelled the "double spend"
I will be worried that your wallet was compromised, if you say you did not initiate these transactions... but it looks as if you are saying you did, but at one stage it looked like it was being "double" spend.
How do i know if my accounts been compromised and how do I fix it? Wait what? Are you using an online wallet or something? |
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Hmm, odd. I only pay the same fees that you paid but my transactions get confirmed within 20> minutes. And maybe you are not talking about transaction times but rather confirmation times. Confirmation times take a little while whereas transaction times are instantaneous.
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Miners make BTC the most secure network ON THE PLANET... TRUST NO ONE, start mining your self to secure the network, I am. Kijiiji, buy an S3, bam there you go . Mine to help BTC worry not about profit!Honestly, you couldn't just tell an individual to buy a miner and let it run but don't expect any profit from it. Most of us couldn't afford a miner, let alone the power bills that is tied to it. Yes, every single miner in the network helps secure the network, but not every single one of them can afford to mine at a loss. It's not being selfish or whatsoever, it's just being practical in the current times. |
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You want to get your transaction confirmed faster than anyone else's? Raise your fee, you are free to do so. Raising the fee isn't necessary because the minimum fee is still feasible for the miners as incentives. Well, I can pay $1 for fees but I have the patience to wait for it to confirm, so I'll pay the minimum, which is $0.03 at current rates, Freedom to pay what you like for fees, that's what bitcoin offers that isn't available to any other payment processors out there.
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I've wondered if the attacks on this site/ the blockchain and coming from gvt's/central banks who are scared of btc cutting into their monopolies on currency/payments.
Is there any possible way they could successfully "break" bitcoin or the blockchain with so many users now? (Besides a 51% attack)
Improbable at this moment, unless there will be a flaw in the code in which the attackers could exploit for their own purposes. I couldn't think of any attacks that could be made to disable the network, though this spam isn't that causing severe problems to the network, it is causing the network to slow down and in turn, create a massive backlog which I think is annoying for the users. |
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Just forwarded the link to my girlfriend, hoping that this time she will be interested in using bitcoins again. Nice tutorial btw, not only newbie-friendly, but fully-comprehensive for people who never used any bitcoin wallet yet. Thanks for this one! I am trying hard to explain to my girlfriend how to use her wallet, but in here, you summed it up perfectly. |
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Oh and one more thing, beware of pump and dump coins. If you think the price jump is insane (say 100% overnight) stay away. It might be a possible pump and dump coin.
Aren't all of them? Volume is an important indicator. Forget market cap. Neither of those coins went above $1500 worth traded in the latest 24 hr period. That's all exchanges I assume. If you're looking to make your next million then pouring a significant amount into either of those will just reward the existing holders who'll probably dump it straight back down to before where you started. Say you spend a significant amount of BTC and it goes up by a factor of 10 or more, the markets are so thin you might get 2-5% of your riches out before they're bled dry. If you want to just make a small amount of BTC with an equally small investment, if you don't mind never seeing it again then go for it. Yes, I forgot about volume, too. Also, there is a rich list on exchanges wherein you can see how many coins are the top coins holders are holding. That could possibly help you out, too, in choosing what coins you want to invest in. |
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Doubling from the previous low, which is around $220-$230 would be a good sign that we are heading to a new high. Something around $450 and staying in that range for a wekk would convince me that we are ready to go to the moon. I must admit, this is exciting!
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There are no limits on the number of transactions you can do on a single day on any bitcoin wallet. Also, you can put the minimum transaction fee, 0.0001 bitcoins or even 0 (though putting the latter isn't advisable as of this moment because of the "stress-testing" at the network) and still it will go through the network. As for the invalid amount, maybe you are out of funds that's why your wallet is saying that the amount you entered is invalid.
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