Contact https://bitcoin.org and ask them to list the new Bitcoin Armory website on their list of recommended wallets. |
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Now with the high volume there is some chance that classical TA like Elliott Wave could be useful. The August 21 high of .00938 would be very strong support and you can also consider the most recent Fibonacci levels:  |
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Bitcoin has had 61.8% to 78.6% corrections before and recovered. No reason to doubt the same will happen with Monero at some point. aminorex has already posted sexy buy zones. I am inclined to buy below 013, in increasing size all the way down. 012--013 was the last moderately stable intraday level, and represents a 50% retracement of the impulsive weekend move. But I won't buy much. Unless it gets crazy, like under .01. Then I will abandon restraint. |
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So what time does it go on sale in the US? I can't figure out exactly.
About 50 minutes I think. |
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If you look at the XMR/BTC chart accumulation started a couple of months before SIGAINT announced they had set up a public Monero node on Tor. You can see their announcement in this blog post. After the announcement traders started buying Monero and the pump began. I always thought Monero was undervalued. Now it looks like a base at .01 may be in. |
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I know there isn't a 100% secure wallet, I'm just comparing wallets here If you have a spare computer you can set up cold storage using Electrum. The private keys to your bitcoin would stay safely offline in one computer using the offline half of Electrum. You would use Electrum on an online computer to make transactions. A USB drive would be needed to take a transaction to the offline computer to sign then back to online to broadcast. Disadvantage is the computer with your private keys can never again be put online. Are you really sure you cannot afford a Ledger Nano S at $65? Just as secure and so much easier to use. I have considered cold storage but what would be the difference between that and running linux from a CD or flashdrive without mounting the local SSD and running the cold storage half from there? As for the hardware wallet as I said in my country we got import restrictions, they literally open the package in front of you and ask you about the content, use of btc is very restricted and I don't want to end up in a list. If you are going to use Electrum for cold storage your wallet is kept on an offline computer never to be connected to the internet again. That way your private keys are safe from malware. Study the link to Electrum cold storage I posted earlier. If that does not work for you sorry. |
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So what is next for Monero? Will more 3rd party developers take an interest in it? It needs more 3rd party apps and programs to make it easier for interested users. It needs a better light wallet than the one it has now and also a better web wallet. I know that the ones available or ok but if it intends to be like bitcoin it needs better software available to use.
Is it possible to make a Multibit wallet for XMR? How much would it cost for someone to commission the creation of it?
Since KeepKey bought Multibit the person to talk to is Darin Stanchfield on /r/keepkey |
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Don't forget noise. You would not want to live in a room with two S5 or S7 running.
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I spent some time with a few bitcoin mining profitability calculators, the ones that do take difficulty increases into account. If bitcoin price stays where it is a liberal estimate is your $1300 is repaid in just over a year and a half. Longer if difficulty increases ramp up. To earn your money back in one year bitcoin price has to go to $750 no doubt.
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CoolWallet has some interesting features but is priced at $119. You can get a Trezor for $99 or a Ledger Nano S for $65. The CoolWallet devs need to make a case, explain why someone in the market should pay more for a CoolWallet. Also the next gen hardware wallets like Trezor 2 and Ledger Blue will be coming out late this year or first quarter 2017. People who buy hardware wallets tend to buy from companies who have been around a few years with proven products.
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So I mostly use paper wallets for storage which is a risk since if I lose the paper then thats it, game over. I been looking for alternatives and a friend told me he simply runs electrum portable from a USB flashdrive only when he needs to send money, then unplugs it meaning that the wallet and the .dat are both offline
Now while is a bit easier to use than a paper wallet the biggest advantage IMHO is that he got a seed so even if he loses the flashdrive he can get his wallet back.
Should I switch to that method? what are the possible vulnerabilities of it?
And before someone mentions "hardware wallet" I live in a country with some heavy import restrictions (on top of fiscal ones) so I rather not order something that could get me questioned by custom officials.
Hi Brybtc, The only other really safe way to store your bitcoin is to get your private keys offline using a cold storage solution. If you have a spare computer you can set up cold storage using Electrum. The private keys to your bitcoin would stay safely offline in one computer using the offline half of Electrum. You would use Electrum on an online computer to make transactions. A USB drive would be needed to take a transaction to the offline computer to sign then back to online to broadcast. Disadvantage is the computer with your private keys can never again be put online. Are you really sure you cannot afford a Ledger Nano S at $65? Just as secure and so much easier to use. |
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So is the PSU included?
Power supply is extra. Best estimates are $1000 for the miner and $300 for PSU (may change.) |
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Fibonacci levels used properly can work for Monero. Price declined to 50% level and tried to advance past 38.2% ran into a brick wall, heading back down to 50%. I think .0063 or 50% Fibonacci retracement has been shown to be important to Monero traders.  I think your starting point is too low. We already bounced off the 50% fib .0063 is also confirmed as a significant support using PnF charts. I consider that the Monero bull run started when traders became aware that the SIGAINT email service had started a public Monero node on Tor. You can also tell from inspecting the charts that accumulation began about two months before the public announcement. That could be a fluke or possibly those in the know were stocking up on cheap Monero. rpietila considers the retracement bottom to be between .0042 and .0052. |
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Fibonacci levels used properly can work for Monero. Price declined to 50% level and tried to advance past 38.2% ran into a brick wall, heading back down to 50%. I think .0063 or 50% Fibonacci retracement has been shown to be important to Monero traders. |
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WHY DO I NEED I.D. AND PROOF OF ADDRESS TO BUY BITCOIN ??
tried to but bitcoin at several hubs/sites
they all asked for goverment issued id and proof of address
what gives ? i thought bitcoin was anonymous ?
any suggestions ?
Companies have to comply with 'know your customer' and 'anti money laundering' laws to be able to conduct business. You can always buy in person with cash using LocalBitcoins if that works for you. |
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@coinableS I tried out your price chart on my https blog and it would not render, Firefox threw an error: btcwidget.com uses an invalid security certificate. The certificate is only valid for the following names: jupiter.cleverdot.com, www.jupiter.cleverdot.com Error code: SSL_ERROR_BAD_CERT_DOMAIN Any way to fix? I do like your widgets but they will not display on my Wordpress blog. Thanks for the heads up, I was not aware. Can you confirm, this only happens with the Price Chart widget? Just tried the first option Bitcoin Price Ticker Widget no joy. Sorry about that. Had to put CoinGecko back up. |
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