I can get you content quickly and to a high standard but have not received a pm.
He might have taken your first reply literally and thought you weren't interested? (Articles are about gambling sites, and bitcoin news more generally.) Unfortunately I had to turn down the gambling ones and I haven't heard back about my quote for the other one. |
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I'm a little surprised a charting veteran like you has gone for a change of scene. Though I can appreciate not watching the price/charting the whole time must be appealing.
I looked at a (very) little TA a few years back and am gently trying to reacquaint myself now with it for bitcoin. I don't have enough confidence in my ability to read the market to put my money where my mouth is, so I'm just playing with small amounts. Strategy at the moment is similar to MatTheCat's, though simpler: buying/selling in tranches as the price moves up and down. You don't gain much, but you do gain. I try to pick the thresholds with a little TA, but ultimately it doesn't matter too much. At this point I'm more interested in learning and coming out ahead. I figure if every buy is also a sell, someone is making the right decision and someone the wrong one. Factor in trading fees and if you come out with more than you went in with you're doing better than most people.
Unlike most people, though, I earn a little bit of btc too. Those I'm planning to HODL and see where things go over the next year or two.
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Unfortunately that's the only thing I don't trust.... BitAddress.org I know they're probably are trusted but I wish there was a way to generate a private key offline without trusting a 3rd party...  +1 for python code. I've used/adapted (so it's actually random...) the code for mini private keys (Google the phrase). Use os.random not random. Run it offline and use bitaddress.org to create the address, also offline. Then you can use the key/address to cold store coins in whatever way you see fit. Paper wallet, hammered with punches into metal (my preferred solution at the moment), tattooed on your buttocks, hammered with punches into your buttocks, tattooed onto a paper wallet that you then hammer your buttocks with... you get the idea. Probably worth diversifying and keeping a bit at blockchain.info |
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Ha.... I don't keep much on my ring.
Wonder if Shrem was wearing it when he was arrested, and if any of the cops was smart enough to copy the private key off it.
I'd like a way of making them that minimises trust. Any ideas?
Trust, security against what? There are many risks here. Robbery for the ring, robbery for the coins, the goldsmith steals your stuff, you want to quickly access your funds, inheritage, the list goes on and on.. :-) So, generally speaking, we don't need one solution, but a whole system. And this one will be different depending on use case. Ente True, though I mean specifically my case, where I make rings/jewellery etc for other people. I don't like the idea of them sending me encrypted keys, since they will only be as strong as the password they choose (and remember). For people sending some one else their keys to engrave or similar: - Trust the creator, like Mike/Casascius - Encrypt the key, there's a BIP for that (and remember the password) - Split the key between several rings/engravers (shamirs SSSS, or half a key for each) In all three cases the user has to trust someone: the engraver, himself or the engravers. I, personally, don't like to need a password for my cold storage. Cold storage is, for me, the absolute last resort when everything else went up in flames (literally, computer burned away, or I am not able to redeem any coins any more). Ente Thanks. That sounds about right. I don't like the idea of encrypting cold storage keys either, though I think generally obfuscating them a bit is a good idea. Neither do I like the idea of being trusted: even if I am trustworthy, if the coins get stolen somehow then I'll naturally fall under suspicion. Myself, I'd plan on several cold/hot wallet variations to spread the risk. I think this is actually one of the barriers to proper bitcoin adoption at the moment. Until we have more storage and insurance services, most people won't like the idea of "keeping" their coins in the form of a long number somewhere. Most likely that's only really going to appeal to hardened bitcoiners, who understand the protocol well enough to do it properly. |
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We should ask Mark Karpeles what kind of cold storage he used, so we don't make the same mistake  I heard he kept all the btc on a waterproof flashdrive at the bottom of an iced coffee. It looks like his basic problem was not understanding the difference between cold and hot storage. But I don't know why that surprises me... |
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Ha.... I don't keep much on my ring.
Wonder if Shrem was wearing it when he was arrested, and if any of the cops was smart enough to copy the private key off it.
I'd like a way of making them that minimises trust. Any ideas?
Trust, security against what? There are many risks here. Robbery for the ring, robbery for the coins, the goldsmith steals your stuff, you want to quickly access your funds, inheritage, the list goes on and on.. :-) So, generally speaking, we don't need one solution, but a whole system. And this one will be different depending on use case. Ente True, though I mean specifically my case, where I make rings/jewellery etc for other people. I don't like the idea of them sending me encrypted keys, since they will only be as strong as the password they choose (and remember). |
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As the price plunged I bought 3.4 BTC at $650.
Are they going to allow BTC withdrawals anytime soon or ever? Or do I just eat it?
Don't you read the news? One way or another the coins are gone. Sorry but that's the reality of it. |
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Guys, what do you think about buying an android phone with the sole purpose of keeping bitcoins? would that be safe?
One could encrypt the backup folder onto a USB stick or your computer, and keep the phone in cold storage - never mind having a sim card or anything.
would the bitcoin app for Android phones be secure to do this? you could also set a key to unlock your phone.
Android is bad news for malware. Cold storage should be just that: totally offline. I've experimented with the punches. I modified a python script on mini private keys (google it for the original) to use only caps and numbers. You still get 145 bits of entropy, which is stronger than the original Casascius coins and should do the job fine. I'd been playing with the idea of coin rings for my wife's Christmas present, so I banged an all-caps mini private key into a 50 eurocent coin (Nordic gold, thick, malleable, hypoallergenic...) and turned it into a ring using a mandrel and hammer. Nice, chunky, manly ring with the code faintly visible on the inside (especially after being given the fire treatment like in Lord of the Rings). The one problem is that anyone who knew that's what it was could steal your coins, but 1) that's true of any form of cold storage, 2) they'd have to know about it, and 3) they'd have to get it off my finger first, and then get to a computer faster than me (I memorised the code for good measure). I'd love to make these for other people, but haven't figured out a straightforward way of doing it without trust. Unlike Casascius, I'm not prepared to give out my home address in the interests of transparency. If I ever own enough btc to make it worthwhile, I'll probably experiment with saline etching of stainless steel and bang some more keys into aluminium blocks, like little metal bricks. Reckon you could hide them in stud walls, under floor boards, or wherever - varnish or oil them to make sure there would be no corrosion first if they came into contact with damp. A riddle: Why is Charlie Shrem called "four-finger Charlie" by his friends? All right, that's an easy one ;-) Ente Ha.... I don't keep much on my ring. Wonder if Shrem was wearing it when he was arrested, and if any of the cops was smart enough to copy the private key off it. I'd like a way of making them that minimises trust. Any ideas? |
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LOL Now that one is killing me with laughter. Unfortunately you are right.  Everyone knows Mt Gox is the perfect Bitcoin cold storage solution.
Yes, great way to make sure your coins are out of reach of anyone... |
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Guys, what do you think about buying an android phone with the sole purpose of keeping bitcoins? would that be safe?
One could encrypt the backup folder onto a USB stick or your computer, and keep the phone in cold storage - never mind having a sim card or anything.
would the bitcoin app for Android phones be secure to do this? you could also set a key to unlock your phone.
Oops, missed the bit about not having a sim card! Still not sure I'd trust something like a phone. But writing them to the sim card itself might be a cool option. |
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Guys, what do you think about buying an android phone with the sole purpose of keeping bitcoins? would that be safe?
One could encrypt the backup folder onto a USB stick or your computer, and keep the phone in cold storage - never mind having a sim card or anything.
would the bitcoin app for Android phones be secure to do this? you could also set a key to unlock your phone.
Android is bad news for malware. Cold storage should be just that: totally offline. I've experimented with the punches. I modified a python script on mini private keys (google it for the original) to use only caps and numbers. You still get 145 bits of entropy, which is stronger than the original Casascius coins and should do the job fine. I'd been playing with the idea of coin rings for my wife's Christmas present, so I banged an all-caps mini private key into a 50 eurocent coin (Nordic gold, thick, malleable, hypoallergenic...) and turned it into a ring using a mandrel and hammer. Nice, chunky, manly ring with the code faintly visible on the inside (especially after being given the fire treatment like in Lord of the Rings). The one problem is that anyone who knew that's what it was could steal your coins, but 1) that's true of any form of cold storage, 2) they'd have to know about it, and 3) they'd have to get it off my finger first, and then get to a computer faster than me (I memorised the code for good measure). I'd love to make these for other people, but haven't figured out a straightforward way of doing it without trust. Unlike Casascius, I'm not prepared to give out my home address in the interests of transparency. If I ever own enough btc to make it worthwhile, I'll probably experiment with saline etching of stainless steel and bang some more keys into aluminium blocks, like little metal bricks. Reckon you could hide them in stud walls, under floor boards, or wherever - varnish or oil them to make sure there would be no corrosion first if they came into contact with damp. |
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Next Capitulation to occur between now and Mid April 2014.
Soon there after price will rise steadily to reach new ATH's by mid June 2014.
After that is all "CHOOOOOOOOO CHOOOOOOO".
Let the record show that the first half of Smoothie's prediction was right. MtGox closing caused the price to drop to $400/BTC. Good call Smoothie. Assuming that was capitulation (seems like it probably was, but we're not going to know for sure just yet): good call indeed. agreed, two months is too wide a range, we're in a major period of price discovery at the moment, and I expect we'll find capitulation within the next week. Two months is pretty much guaranteed.
Totally called it. And you sir. Real question now is how fast it will recover. Gox I think was largely priced in over the last few weeks. China pulling out made virtually no long-term dent in prices. Anyone care to put a date on the next ATH? |
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Well, he hasn't gotten back to me. Anybody else?  Not so far... |
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If Karpeles continues to allow trading on the platform whilst knowing that the company is insolvent, does that not amount to fraud?
It will be a very bad day for BTC if Gox goes under. The negative publicity that it will draw from the MSM will surely discourage new investors and drive the BTC price down. Miner manufacturing companies could take a big hit through cancelled orders/refund requests. So all the members who seem to take a smug position at the thought of Gox going under may like to think how that event may indirectly effect them.
It aint gonna be pretty for anyone.
cheers,
kev
Agreed: not pretty and a bad day for bitcoin. Short term, only the speculators who get in at lower prices will benefit. Sadly, the fact remains that Gox is a liability and so is Karpeles. In the long run, everyone in the bitcoin ecosystem is better off without them. |
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I think they are still alive
because
I have send my verification documents to MTGOX in 24. January
To day it has just veriffied
We are pleased to inform you that the identification documentation you have submitted has been reviewed, and your account has been upgraded to "Verified" status.
Uh huh. Always open to deposits. Even when you are going down. A bit like hotel california. you can stay but never leave! Why on earth would a sensible, law-abiding, well-run organisation like Mt Gox allow cash deposits even when they aren't allowing bitcoin withdrawals? eztezt: given the publicity, and general Goxishness of their Goxxing, doesn't this strike you as just a tiny bit suspicious? |
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Consider this your early notice - Mt. Gox is going to go bankrupt.
+1 No need for notices in the papers. |
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I just stumbled on this thread and I've got to say I'm curious to know how it panned out (along with a lot of other people).
So, since we're comfortably outside the 12-18 timeframe you mentioned: how did it go down?
the required time event have not yet happened, There is still time (albeit I dont think much). Alright. I'm definitely intrigued... hope you're vindicated, whatever it is. |
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I just stumbled on this thread and I've got to say I'm curious to know how it panned out (along with a lot of other people).
So, since we're comfortably outside the 12-18 timeframe you mentioned: how did it go down?
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Any thoughts on the recent rise back above $600? I'd have written it off if it weren't for the apparent optimism on Gox ($300+).
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