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Before buying bitcoins I watched a lot of videos about bitcoin including making paper wallets. I made them with offline ubuntu without HDD on using bitaddress.org and used BIP38. In the video it told that i was just to make randomness. I DID NOT SAVED THE PHARESES. now to be safe i just wanted to see how to withdraw AND IT ASKS ME PASSPHASE. I have 4 different wallets and they have a lot on them comparing to my income/being a student.
If you used brainwallet, you need the passphase. If not, you have the private key you need to import i used simple paper one. went to blockchain info to import. it asked me passphrase!!! |
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Before buying bitcoins I watched a lot of videos about bitcoin including making paper wallets. I made them with offline ubuntu without HDD on using bitaddress.org and used BIP38. In the video it told that i was just to make randomness. I DID NOT SAVED THE PHARESES. now to be safe i just wanted to see how to withdraw AND IT ASKS ME PASSPHASE. I have 4 different wallets and they have a lot on them comparing to my income/being a student.
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Risto, do you advice me to follow your SSS plan- buy despite we are over the long trend? I got interested again in bitcoins when the price was around 220 at bitstamp (news about first Bitcoin ATM published in Estonia). After that i made Bitstamp and tried to get verified. Took me 4 times and finaly the price was around 770. Made my first buy at 82x and now my average is 930. At the moment i have 50 per cent of fiat waiting in bitstamp of what i have already invested in bitcoins. I am not sure if and how much i am able to invest in the future. I just do not want to loose potential ROI as i have done so far.
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Am i misunderstanding something here? It seems that your prices are based on a total amount of fiat going to bitcoins divided by the number of bitcoins. Isnt the price based on available supply vs demand. The fiat in bitcoins - doesnt it make a only a fraction of a price?
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good thing is we don't need to rely only on offshore tax heavens, there are many more things that will drive the price.
+1 |
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Every day you wait, it will cost 100 usd more to you.
BUY BUY BUY.
But if we go back to 400s? |
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Very important is to get your account verified as fast as you can. I made my account on Bitstamp when the price was 220 and got verified around 780. I lost quite amount of money with this. Do not make that mistake.
No account, man. Just a cold paper wallet. Maybe i misunderstood something, but you need an account to buy from exchange. You can not buy coins with paper wallet. |
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Very important is to get your account verified as fast as you can. I made my account on Bitstamp when the price was 220 and got verified around 780. I lost quite amount of money with this. Do not make that mistake.
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Is it okay to put all the wallet data to CD? No issues with that in the future? As far as i understand, are there no private keys involved with desktop wallets?
Go to your 'user'/appdata/roaming folder and go into each of your coins folders, inside each is a wallet.dat file. This is all you need to backup for each coin. The file has all the info of how many coins you have on it. Once you have them backed up you can delete and remove everything else. Whenever you want to spend your coins you can download a new wallet, and replace the new wallet.dat with your backup copy in the appdata/roaming/whatevercoin folder, but renaming it back to wallet.dat. Like I said before, when backing up many files, rename each wallet.dat to 'whatevercoin'.dat so you know which is which. e.g Bitcoin.dat litecoin.dat namecoin.dat etc If you want to copy them to a CD it is fine. thanks! good info. |
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lol are you guys stupid? how could majority vote for yes?
don't you understand this would just make it more confusing and an extra thing to explain to people?
"1 bitcoin used to be worth $1... now it is 1000." That sounds good
"1mbtc is 1 bitcoin divided by 100, and 1mbtc used to be worth .001 but now" not going to work...
keep it at 1 bitcoin... when bitcoin receives mass adoption... then split into 1ubtc or something...
Calling other people stupid, because you can not understand the difference between meter and millimeter... |
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*you're
*no space before comma
But thanks for sharing your opinion with the world.
+1 |
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Is it okay to put all the wallet data to CD? No issues with that in the future? As far as i understand, are there no private keys involved with desktop wallets?
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On board with you. People think that 1000 is a lot for one Bitcoin, even if they do not know how many are there in existence.
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if we get to 10,000 - I guess 100 would be nice, but i don't know if that would even be considered "wealthy" at this point in history....
I guess I should clarify what wealth means to me. I've never made more than 35k in a year in my life and have sizable debt from student loans. I just want to own a house in a nice neighborhood to raise my kids and not have any debt or worry about a mortgage. So I consider 500k-700k wealthy. I am not sure about 3 years, but in longer terms 1 BTC might just do it.  To be safe i would buy more if possible. Look for rpietila“s threads. |
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I have very hard time trying convincing my dad to put some money into Bitcoins. The biggest issue so far is my ignorance.  Basically, all i need is an answer to a question- where is the value in bitcoin? |
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all this euphoria is making me nervous
+1 |
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Long term, it might have been one of the biggest bets in history.  |
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Do you realllllllllly think the price of bitcoin will go up to 7 million? it's only 960 dollars, or £597 at the moment.
OR have I misunderstood something?
apologies in advance if I have.
yes, yes I do  +1 |
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