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41  Bitcoin / Bitcoin Discussion / Re: Best way to store Bitcoin safely ? on: July 09, 2018, 02:04:32 PM
Hi guys
I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down Sad
But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure Huh

1. Download latest BTC client
2. move to a pc not connected to the internet.
3. Create an address on that PC without internet.
4. Send fund to address created on PC with no internet access.
5. Save keys in safe place Smiley

Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ?

Sorry if my question has been covered many times, but I just don't want to make a big mistake.

Thanks
Rick


I will suggest you use paper wallet to store it because online storage can go wrong sometimes..
42  Bitcoin / Bitcoin Discussion / Re: Bitcoin mining is costly... on: July 09, 2018, 09:41:38 AM
One thing to say mining bitcoin consumes a large amount of electricity and it would take lots of equipment to manned the mining. There should be a development in making the cost of bitcoin lower; given that lower mining cost could yield a higher profit. However, it matters on trading and exchanges.

That's why it's very difficult to mine Bitcoin because it requires many costly instruments and it consume more of electricity.
43  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can ETH reach BTC value ? on: July 09, 2018, 08:27:49 AM
Just wondering if ETH can


In the long run, I think ethereum will overrun Bitcoin but depend on the acceptability of the coin from investors all over the world.
44  Alternate cryptocurrencies / Speculation (Altcoins) / Re: buy now altcoins ? on: July 08, 2018, 11:20:26 PM
is this the right moment for pick altcoins with BTC or what do you think will be the lowest price in this summer ? wait more =?


If you can make good research on some Altcoin, you will understand the right time to buy for short and long term investment. Many Altcoin are doing well presently.
45  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What are the best coins to buy right now? on: July 08, 2018, 09:59:51 PM
What are some of the best coins to buy right now?


I will advice you make some research on NEO, then make decision from what you get because it's good coin for the future.
46  Alternate cryptocurrencies / Altcoin Discussion / Re: encourage others to crypto on: July 08, 2018, 09:22:34 PM
Will you encourage others to invest in crypto and explain to them that this is not a scam or a pyramiding activity?


Sure, I will invite friends to CRYPTO but I must inform them to make deep research about cryptocurrency, block chain and trading. Knowing different things about cryptocurrency will guide them always. My opinion
47  Alternate cryptocurrencies / Speculation (Altcoins) / Re: will other coin beat btc in future ??? on: July 08, 2018, 08:18:45 PM
as we are seeing other coin such as litecoin ,monera,etherium , are faster in transaction than btc


I don't think other coins can over come Bitcoin, the circulating supply and total supply will soon be equal and that will lead to high price for it.
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