Whatever you do, just go for offline storage or using hardware wallets like Ledger/Trezor, although they don't have all the functions other BTC wallets have (for instance, you can't sign a message from their new Ledger Live software). I would never upload my BTC-related files anywhere on the internet, especially the seed or private keys... and especially on cloud servers. Although you encrypt them, you never know how your password can become accessed. I think burying it outside your home would be many times safer than that.  I don't think a cop would stop you for finding some characters/words on a paper. However, we have examples like Australia (I might have mentioned the wrong country here) which could require you to give your passwords to them, and that may also include your private keys/seed. Now I'm not sure if this has ever happened to a cryptocurrency holder, but I wouldn't risk it. Anyways, offine storage is the best so I have never (and never will) agreed to the "cloud" and "blockchain storage" part of your second solution. EDIT: My only fear about paper wallets is the fact that they are not waterproof, fireproof, shockproof etc. For this we have people writing their keys or seeds on metal which protects them from almost anything. The best solution to protect your BTC is the one that's the farthest from anyone else but you. |
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I think that after another 10 years there will be no less than 1 billion people here.
I think this is an exaggerated number, to be honest. If by "1 billion here" you are talking about the BTCTalk forums, I don't think that's going to happen soon. I think it's hard to gather 1 Billion users even in stocks, which are way, way more popular than crypto markets and communities... Also keep in mind that a lot of users here have created throwaway/alt accounts. If one billion would be gathered here/on Reddit, it would mean BTC and other cryptocurrencies will form a massive, insane market. Congrats to everyone for joining the crypto community and making it so large on Reddit already. It's a huge progress in my opinion. Now we only need to get rid of those "BTC is dying" and FUD we see everywhere around us. |
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A while ago I used to transfer my funds to paper wallets and I felt safer splitting them into many, many different addresses. After a while, I decided to split them into unequally valued paper wallets so I had a bunch of 0.01BTC papers, a bunch of 0.05BTC papers etc.. his funds might have been sent to cold/paper wallets, or who knows. Might be another rich holder securing his funds. Upon looking up the addresses I couldn't find any other results except the transactions you've also linked here. |
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Username: 20kevin20
Post count: 1795
BTC Address: 39k74QRU6yd2HSe46DNQjJk7yaquzbk6cC
If I get accepted, will update info ASAP.
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Decentralized exchanges will survive, but I don't think the volume will ever grow too much. If it will, that DEX will just be placed on the blacklist of governments and action will most likely be taken against it... EtherDelta is one example (I'm not sure if it had a high volume or anything, but there already is a history of DEXes having problems so I won't be surprised if I hear about another one). They're nice and cool, but unless you exchange between privacy coins, you can still be tracked. Considering the volumes though... I don't think they're a barrier for the govs. I think the main reason they will never become trending is because of the time you have to wait (I'm talking about exchanges like Bisq that are p2p) until your transaction is complete. Day traders will never agree with this and will prefer verifying their identity to continue trading the way they like. There's also a considerable amount of people not trusting the decentralized exchanges due to the UI and first-time setup, like Patatas said. I was kinda concerned when setting up Bisq and trust me, the first transaction was pretty intense as I feared the loss of my funds. |
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FAKE NEWS
If Satoshi was back the first place I would imagine he would visit would
be the forum he created himself. Where would that be? I hear people
asking.........HERE
Its not going to happen anyway, Satoshi would be bombarded with questions,
ridicule, accusations etc.
Please somebody tell me if I'm wrong.. as far as I know, the P2P Foundation website is where he published the Bitcoin Whitepaper. He might not want to login here for safety reasons, who knows. He is being accused now and he didn't even prove his identity. Satoshi doesn't need to go public. He can still sit in the dark while pointing us to the right direction, as Bitcoin might not be what Satoshi wanted it to. I also think he would be way less bombarded with questions and accusations if he would become active on the P2P Foundation website than he would be if he appeared here. BTCTalk would probably crash due to so many people trying to get in touch with him. |
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Oh, that's a different matter then. You can use Electrum with the most popular wallets and I would recommend you to try it out. Both Trezor and Ledger let you create separate accounts but you can't spend from specific address. Electrum allows you to spend funds from specific addresses and coins received at specific block height. This helps to preserve anonymity. Here you can learn more about it. I forgot to describe Freeze option which prevents user from spending specific coins accidentally. Thanks. I bookmarked the link and will check it out later. Didn't think about the separate accounts part, to be honest. |
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I wish his message was signed so we could verify it's the real him. Wouldn't he provide keys or something if it was the real account? Anyways, the Craig Wright part is over for me, it's clear that he's not the creator of Bitcoin. Remember we had a mysterious tweet ( https://www.cryptovibes.com/crypto-news/satoshi-nakamoto-segwit/) from an account named Satoshi Nakamoto? Maybe in the end we'll be able to link those things and have a legit answer to what's going on. Would honestly be exciting to have Satoshi's opinion about the way Bitcoin has progressed. |
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It would be even better if that machine was completely offline. You could sign transactions on it and then broadcast them on a different computer.
I'm also using hardware wallets like Trezor & Ledger for some coins, so I don't think going offline is an option for me  |
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Aside from other member suggestion, there are few things you should do (even though i think you already know/do it) :
1. Never use Windows OS, especially Windows 10. Move to linux and consider choose security/privacy-based distro such as Qubes OS if you have serious privacy concern
2. Never re-use bitcoin address and add label/information to all transaction/address, so you won't leak your identity by accident
3. Don't use single browser for all activity/usage as cookies and browser fingerprint can be used to track users easily
Suggestions noted. I'm using another machine for transactions though, and I never browse on it (except for wallet downloads for different coins), so I think I'm doing fine on that part. I have one question: isn't running a Tor connection kinda risky while using cryptocurrency wallets? Doesn't it involve any risks? Alternatively, you could use decentralized exchange such as https://bisq.network/. I tried it once and it works well, even though there are many requirement such as security deposit and first-time configuration isn't convenient. I love Bisq. Yes, it isn't very convenient for the first uses but as soon as you get the hang of it, you'll love it |
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-----BEGIN BITCOIN SIGNED MESSAGE-----
I am 20kevin20 from BitcoinTalk and I have changed my address to 39k74QRU6yd2HSe46DNQjJk7yaquzbk6cC. Message signed on 01.12.2018.
-----BEGIN SIGNATURE-----
1NfZH73X3jDbX1kcP7Qpwn1UMcDAUcMDMb
IIm2Ub6W2VKX4hKLt52udgCG5iyeBeSvwf+N4+CWuXaDd7dFzmBQ3wd3UISfUVZie5akTga0NmxfN22D8I7PW3A=
-----END BITCOIN SIGNED MESSAGE----- I was finally able to sign my old Blockchain.info address.. It's a shame they don't allow you to sign them directly off their website (except for imported wallets). |
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And you never know when the prices will go up. You can lose some coins betting in the evening and in the morning wake up to Bitcoin being worth $1000 more.
On the other hand, we could say that if you win coins today, your win could be worth even more tomorrow, so things are always in balance. If you lose fiat this fiat and believe in cryptocurrencies, why not spend fiat on coins today and don't bet anything?
If you're afraid of the price fall, what's the point in betting at all? The point is making money. If the websites gave 1-10k satoshis for betting again like they used to years ago through faucets, believe me I'd bet all day long until I'd be able to withdraw. Would you rather deposit $100 on a betting website worth 0.01BTC or deposit $100 when BTC's price is down to $1k and have 0.1BTC to play with? The second option is more appealing to me. |
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It makes more sense to me to bet when the prices are down. As the prices go down, a dollar worth of BTC means more satoshis than it meant before the price fall. That means you can bet less and make more BTC for when the prices spike back up. But I would only gamble if I have already lost money through the price fall.
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BITCOIN was meant to be mined, not bought, If you BUY something as a speculative 'investment', then you must set an emotional stop-loss and get out at the point, if you HOLD until zero, then you enter what is called the 'gamblers ruin' BUY-LOW/SELL-HIGH, has always been the trading advice for all time. People who made money, are those that entered at $400, and got out near $20k, there is a point where GREED keeps people 'holding', and then there is this BULLSHIT about your supposed to hold all the way down to zero, YOUR SUPPOSED to take YOUR PROFITS, and CUT YOUR LOSSES ( CUT MEANS TO SELL )
Then there is the bullshit that BITCOIN is 'different', This was a parabolic rise, they all end this way, and they rarely ever come back, except sometimes a dead-cat bounce, but BITCOIN has already had its dead-cat bounces this year, now its continually trending lower every day,month, ... the price will revert to a mean, IMHO $1400, perhaps lower; BITCOIN will find a stable region, and then people can move back in and make money on the volatility. The problem with BITCOIN is its a religion, and people become fixated as it is their only true GOD, and ignore everything else in the investment universe. BITCOIN is now out of favor, it is now impossible to MINE it for a profit, no mining means no servers for transaction, soon 100's of thousands of S-9 antminers will be dumped by China for $10 or less, soon the difficulty will sky-rocket, people will think nothing of getting a bitcoin every ten years ( now 2 years ) to heat their flat in China. It doesn't even matter now whether Bitcoin was meant to be mined or bought - it's being bought and sold everywhere, mining is just part of the profit game. People who made money are even those who bought at $1000 and sold at $1500 or $2000. How many investments can get you the double of your amount in short time due to volatility? The same goes for the question "how many investments can make you lose half of it in short time due to volatility?".. We are losing our definition of "profit", I see so many greedy people complaining about small profits. How can someone complain that a coin's price spiked by 200% while their investment by "only" 100%? I don't think Bitcoin is out of favor. For me, it's not. Keep in mind that you're always selling your BTC to another person, there's always someone that's interested in taking yours and there always will, even at the smallest price with the least number of miners. |
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Mixers are not completely anonymous any longer. sometimes coins can be tracked even through mixers.
I don't know about ProtonVPN, but some VPN services save trafic-data and give it to authorities if required. It safer to use VPN+tor rather than just VPN.
I see. I guess nothing is completely anonymous. I'll look into some VPN services to use with the Tor browser and a Tor-enabled wallet. Great pointers. I second Wasabi - of all the privacy feature Bitcoin wallets, that seems to be the most stable, in fact its recent release caught me by surprise. I would also recommend using Bitcoin upgrades as soon as possible, when they're stable. I wager using Lightning properly, along with all those steps of mixing (and Chipmixer adds much more randomness and unpredictability than most other mixers) and coinjoining would also complicate any tracking efforts (since LN will be off chain).
There are also very basic habits to follow. Single-use Bitcoin addresses, for example. And selling/buying p2p. Most major exchanges have addresses easily tracked to them. Trading often p2p puts a lot of things into the mix (but that's my opinion, not really founded on much!).
I haven't used a centralized exchange in a long time. I'm only going for p2p transactions, and I'd rather go for them although one transaction takes a while rather than instantly selling or buying but having to share personal data. |
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If your goal is not to let people trace you and find what you're doing with your bitcoins then you could simply use mixers (ChipMixer) or privacy-focused wallets like Wasabi.
On your phone, you could use Orbit which should encrypt everything you do and not just your browser traffic. I think It's not an option for the computer because not all apps you use let you configure them to connect through the Tor network.
The solution in that case is to buy ProtonVPN and connect to servers that use the Tor network or... Install Bluestacks (Android emulator), Install Orbit there and do whatever you want in that emulator.
Thank you, OmegaStarScream! My goal is to just keep my privacy level high. I've never used a mixer before, and I'm afraid I might lose my funds by using them. Does ChipMixer provide "chips" as private keys or do they have control over the addresses they give us? I mean, would I be able to use the addresses even if the website goes down? I've already got Bluestacks but I honestly never thought about using it for privacy reasons. Thanks |
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I'm interested in having the highest level of anonymity as our privacy apparently only keeps fading away. The best and only way I know about is by using the Tor network, but I only know how to use the Tor browser. Is there a way I can use Tor for everything on my PC, just like a VPN? Could someone guide me how I can achieve the highest level of privacy? Thanks |
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Few months back i purchased arround 15 to 16 btc when bitcoin price was 10000$ to 11000$ each btc but now arround 4000$ each btc .Just waiting for 11000$ for each btc than i should leave btc and i can see bitcoin have no future in this time.
Well, any investment brings up its risks, right? There's no way to become rich without risking. You either risk and become successful or you don't and you continue to live the normal day-to-day life. I cannot promise and/or guarantee another price spike, but I can tell you that I've been here for a pretty long time and a lot of the people who bought in late 2013 when the price went up to +$1200 sold in 2015, when it fell back down to ~$150. I was one of them, I sold close to the lowest price BTC ever had since I found out about it. Ever since that year I never panic-sold again. I consider it a mistake to sell on loss, unless there is an evident sign of BTC's collapse - which I have never seen and most likely will never see. I'm on loss too - I have between 80 and 85% loss on every ETH investment. I'm still holding though, waiting for it to grow back up. You supposedly need to invest an amount you can afford to lose. Except pyramid schemes and scams, there is no way you can have a guaranteed ultra-high income. You do have some options: - Sell everything and accept your loss
- Buy more as the price is now less than half the price you bought at, hoping for an increase
- Hold, waiting for another spike
- Do trading, start with low amounts until you become an intermediate/advanced trader. You might multiply your investment, but this is a second risk you will have to take after losing money through the $10-11k => $4k fall: you might also lose a big amount of money through trading.
This is the best advice I can give you. Best of luck and take care! |
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Explaining to an ADULT is hard. Imagine how hard it is to explain it to a child. I would do it this way: Bitcoin is the newest method of payment that is virtual and digital, but is way more honest and sincere than the palpable one. |
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UPDATED: I found this website with amazing collection of coins and the theoretical cost of a 51% attack on each network: https://www.crypto51.app/Thanks for the provided link. Upon checking it out, I found out that the cost needed to successfully launch a 51% BTC attack is just $285,785 at the current hash rate of 42,023 PH/s (an one hour attack). Does this mean the attack would work for one hour as soon as someone pays around $300k for rented equipment? It seems quite cheap in my opinion. For us it might be extremely expensive and unimaginable to spend this much just for a 1hr attack, but what if a millionaire - or billionaire - decides to do this? It's possible, right? Could someone explain the NiceHash part? It says BTC is 1% NiceHashable, what does that mean? |
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