I think there is a chance Satoshi is creating the current stability in price. Every time the price starts moving up he adds some of his coins to the market to bring it back down. So I guess we just wait until he runs out... :-)

Talking about how Litecoin has an advantage because it is cheaper to buy is soo lol. It's like saying "awww $100 dollar bills are too expensive! I like pesos because I can afford them!" You can buy a penny worth of Bitcoin if you want.

https://bitcoinaverage.com/#USD

I've installed Armory and messed around with it, and it just doesn't seem that easy to me. I'd also like to not be dependent on a company's software to be functional in the future and I like the idea of having a full understanding of how my bitcoin is stored. I probably should read up on signed transactions - perhaps that would help.

Thanks! Yeah, I am a bit torn between one wallet and multiple smaller ones since the whole sweeping the wallet every time seems like a risk. That was one surprising bit of knowledge about paper wallets that took me a bit to learn - if you don't take all of the coin off a paper wallet at once you lose the remaining as "change", and it is still unclear to me where the "change" goes. Seems like the block chain online wallet takes care of this for you when you scan in and decrypt your paper wallet, but I'm not positive.

The other thing I'm considering is saving out the decrypted private keys to a safety deposit box or something in the event that my BIP-38 decryption stops working for whatever reason (say the java script stops working on a newer version of the LiveCD browser or other browsers). Long shot, but if for whatever reason I couldn't get my private keys decrypted I'd always have the private keys somewhere without needing to decrypt them. I wouldn't even need to keep the public keys with them, so even if someone stole the private keys they couldn't do anything with them without the public keys? Or that is my understanding...

Hi all - new to bitcoins, acquired some, and now want to take them offline into cold storage. I've read up on my different options and want to keep it as simple as possible. Here is what I'm planning to do:

Creating and loading the wallet -

1) Save to my HD the bitaddress.org URL for generating BIP-38 encrypted paper wallets.
2) Create a LINUX LiveCD for booting from a flash drive for a fresh, offline OS.
3) Disconnect computer from the internet, boot into LiveCD, and generate my encrypted paper wallet via the bitaddress.ord URL (running standalone).
4) Save the wallet off as a PDF and also print multiple copies. Since it's encrypted, I can have a few copies and keep them multiple places and the PDF will also be available if the paper fades or is destroyed.
5) Reboot regular OS and head out to the exchange.
7) Send my bitcoin to the public key of my paper wallet, starting with a small amount and confirming it got there via blockchain.info.

Getting bitcoin back out of the wallet -

1) Using the block chain app on my android tablet, scan the encrypted private key of the paper wallet (I could also use the bitaddress.org code offline to decrypt it manually also).
2) The app will ask for the key I used to BIP-38 encrypt the private key - type in the password used to encrypt it and the wallet's bitcoin will be accessable.
3) Sweep the wallet into my blockchain online wallet (do I have to do this? or can I keep coin I don't want to spend in the existing wallet and just send whatever I need to the blockchain wallet?).
4) Send any bitcoin that I don't want to keep online into a new paper wallet, created in the same way I created the first one (might not be necessary - see 3).

Thoughts? What am I missing?

thanks!
dan

I'm more concerned about not being able to decode my BIPS38 private key due to the encryption plugin not working anymore on whatever browser/OS. I know about LiveCD and offloading BitAddress and whatnot, but what if you go to decrypt your paper wallet key and you can't get the java script working to decrypt it or you can't install your old version of LiveCD to a newer machine? Paranoia... hehe. Seriously, though.

Yeah - but do you all trust Coinbase enough to keep your bitcoin out on the site? I'm working on getting my cold storage process down, but in the mean time I've got some bitcoin just sitting out there. Hopefully it's safe - the 2-step authentication seems pretty solid, but I know it's never safe unless you have them in possession.