So, small techie question. I'm on vacation and wanting to sell a bit of coin I picked up somewhere below 6k, but there is no way I'm doing that over some random hotel connection. I'm currently connected on my laptop, through my phone which is acting as a hotspot, on a danish mobile plan that works in most of the world. How safe would it be to access kraken this way, compared to a regular computer over a normal house connection?
It will be similar (in terms of security) as if you had your laptop connected to your home's Wi-Fi. I don't think you need to worry about accessing Kraken by using your phone as a hotspot. I've done the same thing in various countries using various mobile operators (while roaming). If you trust your laptop, all is good. |
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I want to post a CCMF meme, but can't (because of the slight drop).
Come on BTC...
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What if you temporarily can't recall the PIN and you've lost the seed?
then you're stupid and you deserve to lose the coins. you shouldn't put one satoshi into it until your seed is backed up to hell and back. Well, the part about backing up the seed I fully agree with, but temporarily forgetting the PIN can happen, even to the smartest people. if you forget the pin, recover the device with your seed and chose a new pin  Well, this is an advantage of the Ledger (stricter security), so long as one makes absolutely sure he can have access to the seed (which he/she should). TREZOR gives you a few more chances (for a while), then shuts you out. |
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What if you temporarily can't recall the PIN and you've lost the seed?
then you're stupid and you deserve to lose the coins. you shouldn't put one satoshi into it until your seed is backed up to hell and back. Well, the part about backing up the seed I fully agree with, but temporarily forgetting the PIN can happen, even to the smartest people. |
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So if this is true then it's possible to hack/crack a Trezor?   I'm not so sure having such a physical device is actually a good idea regardless. You can be sure that anyone you see owning a Trezor has probably got crypto. Just a random dude with a computer not necessarily so /most probably not. They fixed that hole in f/w ver. 1.5.2. As for the potential for future holes, it's always going to be there. It's still far better than a paper wallet though. With a paper wallet everything is out in the open, just a photo of your private key QR code and your coins are lost. With a TREZOR a thief needs to jump through many hoops to have some hope of getting to your keys. It took that guy 1.5 years to get access to his coins. I'm very happy with my ledger nano s. It would wipe the device after the 3rd failed PIN attempt. Also there is no known exploit (fixed or unfixed) right now unlike trezor The Ledger Nano S is a good choice. But this thing you mentioned about the device wiping itself after the 3rd failed PIN attempt would have me worried... What if you temporarily can't recall the PIN and you've lost the seed? You'll then lose access to your coins forever, even if you later remember the PIN. If that guy in the Wired story had a Ledger Nano S he would have lost access to his coins forever. I think the way TREZOR deals with the PIN is smarter and gives the owner the chance to try several times, with a geometrically increasing delay between retries, to the point where at some point it essentially locks him out. |
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So if this is true then it's possible to hack/crack a Trezor? I'm not so sure having such a physical device is actually a good idea regardless. You can be sure that anyone you see owning a Trezor has probably got crypto. Just a random dude with a computer not necessarily so /most probably not. They fixed that hole in f/w ver. 1.5.2. As for the potential for future holes, it's always going to be there. It's still far better than a paper wallet though. With a paper wallet everything is out in the open, just a photo of your private key QR code and your coins are lost. With a TREZOR a thief needs to jump through many hoops to have some hope of getting to your keys. It took that guy 1.5 years to get access to his coins. |
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WOW indeed! Good that the guy persisted and didn't give up. Lesson learned: always, ALWAYS, ALWAYS, ALWAYS take Bitcoin security extremely seriously. Reading about how the guy handled this matter made me feel he almost deserved to lose access to his coins. The part about the orange paper and the pillow almost infuriated me. Bloody hell... |
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ATH @ Kraken!
5311 €
Diz iz gentlemen!
False start to this rally, perhaps? 24 hours more of engine revving needed? Already broken! 5335 € now... I can't explain it, I just enjoy it... Great!!!! Wonderful!!!! But that is not the point of my question which may have been a slightly different topic regarding our seemingly pending and imminent rally, whether it is going to happen now, or take a bit longer to commence? Are we going to get to $6800 in the coming day or two or will it take us until next week before we arrive there? I believe it's going to take longer than a day or two to reach this value. People will sell. But as long as we get there, even if it takes a week, I'm happy. |
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ATH @ Kraken!
5311 €
Diz iz gentlemen!
False start to this rally, perhaps? 24 hours more of engine revving needed? Already broken! 5335 € now... I can't explain it, I just enjoy it... Edit: Huge Buy wall forming... |
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ATH @ Kraken!
5311 €
Diz iz gentlemen!
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I wouldn't buy a Lambo even if I had $1 billion. I never liked these types of cars, or their drivers (usually)... I would REALLY like to have this though:  |
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This is gentlemen indeed!  Go BTC go! |
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There we go again... [5-minute candles, values are in EUR] |
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I don't think a website called "anonymousconservative" is where I want to get my etymological and scientific definitions from  You could try Wikipedia, which defines the terms in pretty much the same way... https://en.wikipedia.org/wiki/R/K_selection_theory |
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Well, this is nerve-racking... Up and down and up and down again...
Without the stupid BCH/BTG/S2X forkathon, we could have already achieved 5-digit values. OTOH, maybe all this is a good thing. Let them come. The harder they hit, the stronger BTC becomes.
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I hope that happens right now, then I will buy their stupid shitcoin for ZERO and they can fuck off
Well, based on what I've read so far, I don't even care about BTG's value. I don't think it's worth messing with my private keys and moving coins around, just to get this crapcoin. I never liked BCH, but at least that coin was better designed than this BTG crap. Hell, they couldn't even get their website done right in the early stages. It looked like the output of an alpha version of Google Translate... Just imagine the quality of the actual coding! |
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I'd prefer another 12-18months a steady rise as we've seen the last 2 years.Don't know if Bitcoin will be that nice to us.  However this would push up easily to $15k imo without having to worry of another mega crash and bear market imo. Then 1 year consolidation and taking a bit of breath before going with recharged batteries into 2020 for the next halving and going full parabolic!  Yep. I prefer a slow and steady rise than a rapid, massive rise followed by a huge drop afterwards. In any case, the trend is expected to be positive, given sufficient time. About 2020, we should not forget the halving that occurs then... There will be good times to come to this space, and the winners (as always) will be the HoDLers. Conclusion: HoDL, sit back and enjoy! |
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Although you guys can do what you want, I would really encourage you to think differently. First, selling even a half million $$ worth of bitcoin would incur a HUGE tax penalty right off the top.
Secondly, yearly inflation is way higher than most govt's published figures. In the U.S. the actually yearly inflation rate is probably between 6-7%, with spikes in certain goods and services upwards of 9-10%/year. And inflation is rising globally and will continue to get worse and worse. And citizens' wages will continue to stay flat or even go down in the coming decades.
Bottom line, $500K in 2020 will be only worth about $250K of purchasing power in 2035. So holding large amounts of fiat is ill advised. You want your purchasing power to stay flat or increase over time, not decrease. Holding bitcoin long term will beat the snot out of future inflation. Personally for me there is no "exit strategy", I will continue to buy and hold as long as Bitcoin is around, and only spend what I need to live day-to-day, month-to-month, etc.
And if you want to own a house or land, it would be smarter to only liquidate enough bitcoin for a sizable down payment, and then get a really good low fixed rate 30yr loan for the rest. Bitcoin's yearly returns would handily beat, actually crush any 3-4% yearly interest on the loan.
Exactly this! Just spend as much as you need for your living expenses. I do not have a desire for super-expensive purchases. I already have a decent house and car. I was never interested in luxurious stuff. Not my style. I just want financial freedom and the ability to do what I want, not what others want me to do (day job). Once this is achieved, I'm happy. |
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Just thought I'd tell you this one. I'm sure you all have similar stories.
A friend of mine back in 2013 laughed and joked about Bitcoin and I was laughed too for buying it and preaching to everyone that this will be big. This friend then joined forces with other friends and we all went snowboarding in Feb 2014 and once again Bitcoin was mentioned (not by me this time) and once again it was all a big joke.
This friend asked me around 6 weeks ago how to buy bitcoin so I sent him all the information he needed but without the preaching. In my mind preaching about bitcoin is a bit 2013 for me and not something I do anymore, in fact I try not to talk about it at all. This friend said he has money saved up and was going to buy some btc (at least 1 coin, maybe more).
My reply was that's great news, someone I can chat btc with and I wished him luck.
Today he send me messages saying he didn't buy and now wants to buy some.
Do I bother to help? I feel like he is wasting my time. He's asking me when is the right time to buy and what would be a good dip to buy?
Personally I think he likes the idea of owning btc but doesn't have the balls to push the buy button.
Another issue is I don't think he has done any research of his own at all.
Who else has a similar story?
I first talked to my colleagues about Bitcoin back in 2015. I was laughed at, ridiculed, called a fool, and even accused of supporting drug dealers and pedophiles... I stopped talking about it until early 2017, when our team leader at work asked about it. This time my colleagues were not so eager to joke and laugh about it, but still didn't accept it. After explaining to him about how it works and how to get it, he thought about it, told me something about Ethereum and whether he should get that instead, and eventually chickened out and didn't buy anything. He considered 1 BTC to be too expensive for him at that time (it was around 800 €/coin then). I explained that he could buy a fraction of it, but he never did. He was then transferred to another department and I never saw him again. At that time, early 2017, when Bitcoin was mentioned again, I had an idea, which I heard in one of Andreas Antonopoulos's talks. I decided to offer the equivalent of 1 € worth of BTC to each person I discuss Bitcoin with. I remember installing wallets on their smartphones and doing the transfers. They all gathered around me screaming "I want it too!" like crazy. I remember the amount I gave them was something like 0.0012 BTC each (which was 1 € at the time). Guess what? Now, after 10 months, that amount of 0.0012 BTC has a value of 6 €, and I'm sure they've been watching it rise to that value and realizing what they've missed! Many of them have already asked me how to get more and even apologized for being so harsh and dismissive. Well, now I just say "just Google it, mate." Can't be bothered. I do help in many cases when I see genuine interest, but to those that joked and laughed, I let them learn their lesson. |
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