I got my nano ledger s from the manufacturer.  I actually had to reset it few times because i wasn't sure if i choose legacy or segwit etc and was told to use segwit.  Each time i wrote a new pin and the 24 word phrase.  Well this time i reset it again and put in new pin. 


Then i noticed something very strange.  Well i did it this time, i noticed that in the 24 word phrase, the same word is used twice.  I had to make sure of this when writing it down because i thought didnt i just write the word down and it did.  So imagine the word is outdoor and it shows that in word number 5 and word number 23.  Is this normal?  i made sure and went back and its the same word but different word numbers.


Can someone confirm this is normal?  I thought well there is a huge word list.  But the other thing is well if the same word is used twice in a 24 word phrase, well that is strange.  Because with 24 word and a huge collection of words, shouldn't there be like an infiinite number of words where the same word doesn't show up twice?

hi there thanks.


Okay i noticed something very strange.  I had reset my nano ledger a few times already and written the 24 word each time.  Well i did it this time, i noticed that in the 24 word phrase, the same word is used twice.  I had to make sure of this when writing it down because i thought didnt i just write the word down and it did.  So imagine the word is outdoor and it shows that in word number 5 and word number 23.  Is this normal?  i made sure and went back and its the same word but different word numbers.

Well i have my btc in electrum at the moment.  First off, is electrum legacy?  I assume its not segwit right?

I want to move my btc from electrum into nano ledger s.  So to make it safe, just make the nano ledger s legacy?

The other thing is once i do this, i want to get bitcoin cash with electron cash on my computer.  Then either keep bitcoin cash in electroncash wallet or move it to nano ledger s.

I would definitely want to do transactions with sending btc to and from nano ledger s.  Thus use it like i did with electrum where send/receive is easy.

I also wouldn't mind lesser fees.  But you could still control the fees yourself right?  I read it doesn't even matter since if you choose segwit as oppose
 to legacy, it automatically does the fee and speed but even if you choose segwit, you could just put less fees?


So in my situation where i basically want to move my btc from electrum to nano ledger s for now and not do any transactions from nano ledger s to any other site for a bit, just choose legacy?  Someone below you say choose segwit but i dont want any issues where if i send btc from electrum to nano s... there would be issues not likes not compatible?  I want to make it as simple as you can get.

So is the choice legacy or segwit?  So if i choose segwit... could i change it back to legacy?


Or is the only way to do this basically reset my nano ledger s and choose legacy instead and thus generate a new pin and 24 word?

Also what percentage of people after buying the nano ledger s use it with electrum vs just the ledger wallet in chrome?  Could you use both or it has to be with one only?  I would assume most people who use electrum previously just use the nano ledger s with the chrome app?  Is it more simpler?


Because im thinking maybe i shouldnt use the nano ledger s with electrum as it could get very complicated?  I read threads where ppl said they had issues because in nano ledger s they choose segwit as oppose to legacy but their electrum is 2fa and its not compatible with segwit so there is some issues there?  I do not want any issue like that at all.


But if you use the nano ledger s with the chrome store app, well you could view the balance anytime when you click on the app and the bitcoin app right?  But someone mentioned the negative thing about the nano ledger s is you cant view your btc balance or something by itself.  Can someone explain what they mean by that?  Because when you want to send btc from the nano ledger s to another site for example, well you need to have it plugged into your computer right?  Im positive of this but just want to make sure.  Because if using it with electrum means you could view the balance... could you even view the btc transactions in electrum for nano ledger s transactions?  Or you cannot?  Because there really isn't anything negative about just using it as is right with the chrome app?  Because if you need to view your btc balance in electrum, well you need to first log into electrum program.  If you want to view your balance in nano ledger s, well you need to connect it to your computer, type in pin to view it right?  So im confused why ppl mention the negative is something about you cant view your balance in nano ledger s by itself?  Because you open the chrome app... and your balance is there?  Im very confused at this right since i have the nano ledger s at the moment and trying to configure it.

I recently received it from the manufacturer and am trying to set the nano ledger s up.  My first issue arises when it ask me

What bitcoin blockchain do i want to use?

Give me option of bitcoin or bitcoin cash and also option to remember my choice.

I had bitcoin my electrum when the fork happened.

So i assume click bitcoin and click remember my choice?  Because when i do not, it seems to ask me this everytime i open the ledger wallet app on chrome?



It then ask if i want to choose legacy or segwit or i dont know.  Which one do i choose?  I went to youtube and someone mention use segwit because its lesser fees to send btc and also faster... so is that what i want?  I had just clicked bitcoin and then segwit.  Everytime i do this, it shows my bitcoin wallet.  However when i unplug my nano ledger and plug it back again, it ask me every single time bitcoin or bitcoin cash and then legacy/segwit.  So if once i pick bitcoin and remember my choice and then legacy or segwit, it wont ask me this every single time right?


So after this, i send tiny amount of electrum to my btc address in the ledger wallet bitcoin right?  I had downloaded the bitcoin wallet in the chrome store. 


Then once i do this, should i then intentionally get my pin wrong 3x then it resets itself?  Then i have to input the 24 word phrase in ledger nano to recover my bitcoin?  I would be sending very tiny amount like 0.0001 etc to test this out.  Then once i recover it, i should send the 0.0001 btc back to electrum?  Then reset nano ledger s and get a brand new 24 word phrase in case in the small percentage it was compromised, well the 2nd time you get the 24 word phrase, well that would be legit?  I ask this because of that ebay scam of the seller who sold a nano ledger with already 24 word seed etc.  This one is from the manufacturer and sealed with plastic like an iphone so im pretty certain its fine but do that just in case right?


Then once i configure the nano ledger s again... set a new pin and 24 word phrase.  But where is the option to put a 25th word?  It didnt seem to allow this when i first set it up.


Then after i do this, i would then send tiny amount of btc to the nano ledger s.  Then send a bigger amount.  Then another bigger amount right?  The other thing is would the default fees from electrum be fine now since i hear it doesn't take that long to send/receive btc without a huge fee anymore?




Now how do i use electrum with the nano s ledger?  A few people told me i could do this and they said the electrum would be like a watching wallet where no btc would be in your electrum so if you have any virus on electrum/computer even though you are using it with the nano ledger s, you are fine.  They said because how it looks is very good and i do agree i like the electrum design very much as its very clear etc.  But would i need to remove the chrome app ledger if i were to do this?


So right now im stuck at the moment with the bitcoin/bitcoin cash and the remember now and the legacy/segwit and i dont know and i dont want to pick one permanently.


Can someone tell me where do i go with this?  im trying to send my btc from electrum to the nano ledger s. 


Thanks.

I just got the nano ledger s at the moment.  Ordered it from the actual website so it was sent from france to here.  Had it expedited as well shipping.  I noticed that it is actually wrapped in packaging as in you need to rip it open or take a scissor etc.  Do you know if this is new?  I heard from others there is nothing over it and its suppose to come with just the box?  But those are only ppl who got it off amazon right?  So the ones that come from france does have it in closed packaging like imagine you bought a new iphone and you have to rip off that plastic packaging?

Like the OP mentioned, if you notice a big dip and then sell the btc for usd/usdt... then keep waiting for it to dip more... then buy it back... then it goes back to the price it was before the dip... then you would have made money.  But the person thats been holding it would not have made anything.  So surely people here agree what the OP suggests is good?  The only issue is you need patience and you cannot sell it below the price you bought the dip etc.


Aren't there more ppl that made money this way as oppose to holding?  As long as you follow the rule of do not sell at lower than bought price, then aren't you almost always good here?

Im curious but do people use waves wallet as their btc and eth wallet?  Becauses waves wallet is very nice to use.  Is there a reason ppl don't talk about storing btc, eth or bitcoin cash in waves wallet?  Because when you send btc for eth from waves, the fee is 0.001 WAVES RIGHT?  Or is it 0.001 btc or eth?  Because isn't it very cheap to send btc from waves to another wallet?


The other thing is are there any fees when receiving btc, eth or bitcoin cash into waves wallet?

Anyone else have opinion on these coins?


I mention funfair and edgeless because there was a poster that mentioned these coins will go up.


The ones im very curious about still is shift and beancash.  Does anyone think shift could hit 100 dollars?  Anyone think beancash can hit 1 dollar?  Also is it basically impossible for powerledger to hit 10 dollars or more because its government backed in Australia and thus there would be no huge increases like 10x, 20x etc?

Any thoughts on this coin?  The price is still sort of cheap.  But from what i read, this coin is to decentralize the web.  So if thats the case, does it have the potential to hit $100?

I got some beancash a while back.  Do you think the price of it could hit $1 ever?  I bought some a while back and wondering if i should just sell it off now since im not sure about this coin.  This coin seems to be nothing more than a gamble at the moment i got it at a lower price i bought it at.

Not a mining question.  But in general do you think this coin could possibly hit $1 in the future?  Also is this a POS coin?  The only reason i thought this coin is good because it has a nice logo.

Any thoughts on this coin?

And can someone answer my previous questions below?

If i add someone on skype who wants to exchange my bank funds for their bitcoin funds, lets just say this person is in a forum but is a reputable poster.  Its not this forum but another forum.  I do trades like this in another forum but its almost always with someone i done a few transactions with and trust.


First off, if i add them on skype and just speak to them via chat and do not click on anything such as link or pictures he sends or video chat, am i safe from this poster sending me a virus etc?  Is there anyway he could send me malware just by adding me on skype and me accepting and all i do is chat?


The thing is if im sending bank funds to his account and then supply him the btc address i want him to send it to, well then as long as he is legit, he will send the btc to me without any problems right?


The other thing that i just bought is this.


Let say i have btc and i want bank funds or say skrill from someone.  They first send me the bank or skrill funds.  When they give me their btc address by copying their btc address to me in skype, is there a chance that when i copy and then paste that address in my electrum wallet, there could be a virus?  Such as that btc address is actually a keylogger or trojan or malware?  I had just thought about this right now as people say don't click on suspicious links or open files from ppl you dont trust etc.  However, is it possible for keylogger or virus like this if you were to copy and paste the btc address given to you into electrum?  But if you were to paste it on say chrome search etc... that might be dangerous?  I also read about the copy and paste bitcoin virus etc where when you copy a btc address and then paste it to send to that address, it would change the address to something else.  Can you tell me if this is related to the example i used with skype such as someone giving you the btc address to send to?  Or its completely unrelated?  Because i had not thought about how someone giving you the btc address to send to... could possibly be a virus/malware?  I assume if you are somewhat skeptical, you could just manually type out their btc address to send the btc to them like that?  Of course you have to double check and make sure as you type the whole address manually.  I know im sounding very paranoid with this but since people say dont click on links etc... well this is sort of like that right?

Bob thanks for that information.  Makes sense now.


Another thing i want to ask is this.


If i add someone on skype who wants to exchange my bank funds for their bitcoin funds, lets just say this person is in a forum but is a reputable poster.  Its not this forum but another forum.  I do trades like this in another forum but its almost always with someone i done a few transactions with and trust.


First off, if i add them on skype and just speak to them via chat and do not click on anything such as link or pictures he sends or video chat, am i safe from this poster sending me a virus etc?  Is there anyway he could send me malware just by adding me on skype and me accepting and all i do is chat?


The thing is if im sending bank funds to his account and then supply him the btc address i want him to send it to, well then as long as he is legit, he will send the btc to me without any problems right?


The other thing that i just bought is this.


Let say i have btc and i want bank funds or say skrill from someone.  They first send me the bank or skrill funds.  When they give me their btc address by copying their btc address to me in skype, is there a chance that when i copy and then paste that address in my electrum wallet, there could be a virus?  Such as that btc address is actually a keylogger or trojan or malware?  I had just thought about this right now as people say don't click on suspicious links or open files from ppl you dont trust etc.  However, is it possible for keylogger or virus like this if you were to copy and paste the btc address given to you into electrum?  But if you were to paste it on say chrome search etc... that might be dangerous?  I also read about the copy and paste bitcoin virus etc where when you copy a btc address and then paste it to send to that address, it would change the address to something else.  Can you tell me if this is related to the example i used with skype such as someone giving you the btc address to send to?  Or its completely unrelated?  Because i had not thought about how someone giving you the btc address to send to... could possibly be a virus/malware?  I assume if you are somewhat skeptical, you could just manually type out their btc address to send the btc to them like that?  Of course you have to double check and make sure as you type the whole address manually.  I know im sounding very paranoid with this but since people say dont click on links etc... well this is sort of like that right?

Hey all i have heard of this but do not know much about it.  The only bitcoin debit card i heard of is bitpay.

If you get this card, you could withdraw from any atm in the us correct?  What are the limits per day, week, month etc?  Also is the btc rate good?  What about the fees?  Is it better/worst or much better/worst than as oppose you use coinbase/gdax or gemini to withdraw to my bank account?

The other thing is could you use it outside the US and withdraw money in another currency?  Would you guys recommend the bitpay debit card?  What other bitcoin debit card would you recommend?

Do you get more airdrops with having more waves community tokens?  I have waves community token from owning waves.  So you are telling me if i get much much waves community token whether its converting waves to wct or just buying more waves with btc and converting it to waves community token, i would get more airdrops in terms of units like liquid etc?

HCP, thanks for clarifying why an extra number would make it much more complicated.


Bob.  Pooya mentioned both keepass and electrum have strong encryption.  So if you have a strong password for both keepass and electrum, then its still not safe?  Pooya says its basically impossible even if someone puts malware on it but thats assuming your passwords are something like dfsamdfaljk3209309sasaskfjs2.  So can others tell me who is correct here... pooya or bob?


Okay well if someone put malware on your computer, could they open up keepass and electrum or not if you have a very tough password.  The other thing is what if you then open electrum on another computer then but not the one they infected or possibly infected.  Then you are safe there right?  But if you open electrum on your computer which might be compromised, then there will be problems since they could just put a keylogger and the moment you open electrum on the computer, then you have problems right?  So basically if you believe your computer is compromised, just no longer use that computer anymore and try to open keepass and electrum in a safe computer?

Okay but if thats the case, do most people know what their password for keepass and electrum is?  Or is it written down on a piece of paper?  I assume keepass, almost everyone knows what the password is?  However if thats the case, then most likely its something you could easily remember and not like askfsdk@3klasdflaksdfja@fkaslfkdsafkls.


You say dont use real words because its like a dictionary attack in that example i gave that i just made up with jerry likes to eat chicken everyday. 


Well what if you put numbers in it then like


jerry1likestoeat100chickeneveryday



So theres the 1, the 100.


Would that be thus strong?  Such as maybe even adding a question mark in the middle of the word etc.


So for electrum users who encrypt their electrum, do most people know what their password is?  And if not, i assume where do they keep that then?