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XMR is in a trading range now with heavy overhead resistance at .01. Monero has been making 6% swings in under 15 minutes. Too risky to trade right now and the risk/reward is not good for buy and hold at these prices. You cannot set reasonable stops the day traders will eat you alive. Better to wait until price breaks through .011 then pulls back to support to buy. It is safer to join in a bull trend once it starts. No one knows which way price is headed if bitcoin takes off again money will flow from Monero to bitcoin and price could tank again.
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Take a look at the top five to ten coins at http://coinmarketcap.comAll coins are risky investments at least the top five have a track record and have proven themselves. If you are going to invest in cryptocurrency the majority of your portfolio should be bitcoin IMO. Then look for other coins that offer something bitcoin does not to diversify your portfolio. For example Monero has strong privacy built in to the coin that bitcoin does not have. Monero is volatile but there is the possibility it could appreciate more in the next year than bitcoin. Study the coins, read the threads and get to know as much about your investments and the developers as you can so you make informed decisions. |
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its very slowly on my side.. ok i will try.. what i have to do with this ip? just put in bitcoin.conf??
Yes, put it in the bitcoin.conf as: or to avoid a restart, write the following in the dev console
-snip-
@shorena I set up 0.13.1 on an Ubuntu laptop three days ago on 24/7 with port 8333 forwarded. It is three days now and still downloading. I am using wifi rather than ethernet is that the problem? My internet is very fast so no problem there. I expected the blockchain to download much faster.
Hard to tell, my first guess would be WiFi as well. Thanks I will stop by Radio Shack and get a spare cable to see if there is a difference. |
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You can still buy a Ledger Nano (original design) that required the security card. The new Nano S does not and is a better wallet in all respects, also works with Mycelium on Android. The Nano S is twice the price of the Nano about $64 and worth it.
I expect to use a hardware wallet for long term storage, making very infrequent send transactions. [I will maintain a separate less secure hot wallet containing much less BTC for spending.] With the Ledger Nano, I can keep the "security card" in my safe deposit box (and perhaps a hidden version on my computer) so that if a robber obtains my Ledger Nano and my PIN, he still cannot get my bitcoins. Why is this inferior to the Trezor or Nano S? The Ledger Nano S can be restored from seed directly input on the device itself. That means there is no possibility of malware stealing your seed if you have to restore your wallet. The Nano S also stores private keys for Ether and Ether Classic, as well as Litecoin. It can be used for secure login on U2F sites like Google and Dropbox. More coins will probably be added. Nano S is just a giant step forward from the Nano so why save a few bucks. Get the better wallet. Your money your decision. |
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Hi there,
still looking for an working downloadlink for a fresh Bitcoin Bootstrap.dat file.
Lot of Posts here but no working link please help.
cheers mahoni
Its faster to download the blockchain directly. If you have problems connecting to other nodes you can try to connect to mine. IP is 188.68.53.44. @shorena I set up 0.13.1 on an Ubuntu laptop three days ago on 24/7 with port 8333 forwarded. It is three days now and still downloading. I am using wifi rather than ethernet is that the problem? My internet is very fast so no problem there. I expected the blockchain to download much faster. |
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Everyone needs a phone wallet. Because it stores private keys in protected storage on your phone Breadwallet is the undisputed winner. If you use Android you have to have a phone running Marshmallow for Breadwallet to work. Every other wallet is a runner up. To surpass the security of Breadwallet with Mycelium you have to use a Trezor or Ledger Nano S to store your private keys. This means carrying the hardware wallet with your phone and an OTG cable. |
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I've decided to buy a hardware wallet and have been comparing the Ledger Nano to the Trezor and the "Nano S." It appears that in order to access your bitcoin, the Trezor and the Nano S only require that you have possession of their device and a four-digit PIN. I like that the Ledger Nano has the additional requirement that you have possession of their "security card" or their smartphone app which has been paired to your device using the security card.
I understand that the Ledger "security card" is theoretically vulnerable to keylogging malware when dozens of send transactions are made from one infected computer. Does their smartphone app address this vulnerability well? Is the app reliable on Android phones?
You can still buy a Ledger Nano (original design) that required the security card. The new Nano S does not and is a better wallet in all respects, also works with Mycelium on Android. The Nano S is twice the price of the Nano about $64 and worth it. |
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It is two months since the high of the pump and I expected traders to move on to a new coin of the month by now. The fact that Monero is still hanging around .01 means it really has legs.
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I have never had a problem with Coinbase and think they are a good service. From reports I have read they are pretty quick to close accounts that violate their terms of service, can not hold that against them, they have to keep the regulators happy. More concerning is perhaps they need more customer service staff so people who have a problem are taken care of promptly.
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I think that it can become pretty big but its hard to say because it can also turn into a pump and dump coin so its hard to say what is gonna happen with it in the future.
Right now its future looks pretty bright.
From your lips to God's ear? Bright for the developers sure. |
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In reference to @CryptoPH posts yes three impulse waves up is a common trading pattern, usually followed by two corrective waves down. Even if the wave structure does not fit the strict EW criteria, buying at the top of the third impulse up, especially if close to resistance, is usually not the best idea. Instead consider waiting for a two step correction down to buy. If Monero is following this pattern now on the one hour chart price should decline to .008 soon perhaps today. I would not buy there though for reasons below. As long as I have been following Bitcoin and Monero the most useful TA tools to help give me an edge on entries and exits are Fibonacci retracements and extensions which definitely work very well with Monero. The 200 moving average on daily and weekly charts is another. Also at present looking at the weekly chart 0.01 is stong overhead resistance because the previous ATH of June 2014 is reinforced by a Fibonacci 23.6% retracement level at .0107:  With the strong overhead resistance at .01 it is hard to justify going long now. Risk vs reward is not good. If price were to decline to .004 now that would present a buying opportunity. |
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So we are really in a long-term bullish set-up. That 3-pushes to a high, then revisiting the 1st push confirms continuation of that long-term bullish view. XMR FTW!  I doubt that Monero is obeying Elliott Wave theory yet but if true price would not drop below .00772. The bigger problem is the overhead resistance at .01. |
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If I understand correctly RSK allocates a certain percentage of mining back to dev funding.
As I was not aware of this, could you please add a source? I am also not aware of this. If this is true than I think a lot of Rootstock supporters would change their minds on the project. Can you please add a source? From the Rootstock blog: At the same time, we decided to contribute back to the Bitcoin network by providing its miners the opportunity to merge-mine RSK and use all their installed capacity to validate decentralized smart contracts. In return, they will protect the RSK blockchain. As a result, every time a person or a corporation runs a smart contract on RSK, 80% of the fuel paid goes to the miners and the remaining 20% to RSK Labs, so we can continue the development of the open source platform. Just stating to learn about Rootstock but I believe fuel is equivalent to gas used in Ethereum. |
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I am having an issue with Electrum detecting my Trezor. I select to create a new wallet, select hardware wallet
I do not know if it is passphrase related, but I did setup one passphrase.
I am running WIN10. I have the Chrome extension and bridge installed. (Is one preferred to be active?)
Overall I have been very happy with Electrum. I have been using it for a few months.
I have one item I consider to be serious. I believe if a software update / upgrade is released which corrects a serious flaw a message should be displayed notifying the user there is a potential security risk and the user should pay attention.
Obviously if I am unable to have my trezor working with Electrum I will be disappointed but I would still be pleased with Electrum... at least from my short end user viewpoint.
Anyway, as I am unsure how Electrum may handle single or multiple wallets protected with a passphrase I still have some looking around to do.
I recall seeing something mentioned in the Trezor Docs regarding enter the passphrase then dis & re connect the trezor to enter another passphrase for as many "wallets" you wish to have.
I have not yet sent coin to the Trezor, so again, I have a few avenues to investigate.
I welcome any comments and do appreciate your time.
sloopy is Trezor working with myTrezor.com? With the new firmware update Win10 sometimes does not recognize the trezor and you have to follow these steps: Press Win + X to open command line Type: devmgmt.msc and hit Enter Device manager window will appear Find “Other devices” and click on it with right button Choose “Update driver software” Hope this helps. |
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Starting to think visiting this site when the price is up will only lead me to reading fud to manipulate the price and not actually real news articles. Getting to the point people should be hit with a fudster tag for continual misleading posts. Would crack down on the people that do it and alert new members to the potential posters doing it.
We need to back check these stories instead of spreading them so freely.
That is an interesting idea but I wonder how the overworked mods would implement it fairly. |
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The money grubbing in crypto space is really something. Rather than contribute to a fair coin like Monero, sure, fork an existing coin and pump that because you can perhaps make more money that way. |
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want to know honest price spec for xmr in this week....anyone please. will xmr touch .015 soon?
It is almost impossible to know how the market will react. The price is dependent on news like today for example - a nice USD/XMR site which was redesigned to help who didn't want to go through usd/btc -> btc/xmr and some trezor interests. If the official GUI or jaxx wallet releases it will most likely go up but the amount is unpredictable, especially in the cryptocurrency world. Yeah I think Monero is more sensitive than bitcoin to news. And there is strong overhead resistance at .01. Lets see if price breaks through the resistance or just ping pongs in a trading range. |
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Thanks for the warning. I have Mycelium but do not use it much, Breadwallet has been handling fees OK if I do use Mycelium to send I will be very careful to double check fees.
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It is always a good idea to give little consideration to FUD spread by newbie accounts, who usually have an agenda.
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Hashnest and BW.com are legitimate. You can buy hashing power and also sell if you get tired of holding. Genesis Mining is legitimate but has never been a good deal, also there is no option to sell your hashing power once bought. If you absolutely have to scratch that itch and buy hosted mining stick to Hashnest or BW. You are better off just buying bitcoin and holding though.
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