As long as the PGP private key is kept in a safe place storing your private keys in the cloud (while PGP encrypted) should be safe. Although if you are going to be securing something with your PGP key then you might as well backup your private keys in the same place that you keep your PGP key (ideally on an offline computer). If you are going to need a backup of your private keys, then you would probably need a backup of your PGP key as well so securing it this way is somewhat of a catch 22 - although you could encrypt it with a passphraise, although this is less secure
In practice it makes a difference where you might store your PGP key vs. your wallet.dat because the PGP key is static but the wallet.dat keeps changing and backups need to be made periodically. For example, you can store a cold (unencrypted) copy of your PGP key in a safety deposit box and use a very strong passphrase to encrypt the active copy without having to worry too much about forgetting the passphrase because you could always run to the bank in the event that you do forget. However, it probably is not convenient to run to your safety deposit box every night with your updated wallet.dat each time your private keys change. can you explain how a wallet.dat gets outdated? isn't it automatically checking the blockchain to display your final balance? |
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the same question in 2014 "Is 2014 The Year?"
every year people say it's the year. and btw, what is considered the year of bitcoin? explosion of price? mass adoption? wall street? |
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one person his loss is the other person his gain. there are so many threads with stuff like this.
people selling a $15 itunes gift card for like 1000 btc and so on.
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Time to sell, I sold at 255$ yesterday.
this is what whales want to do you now, panic selling, thus they can buy and pump this sick bitcoin again, then little investor will follow the pump buying into it, this will lead to another crash by the whales i would wait if i was you, it shouldn't drop too much Yes this is how it works. Shaking off the weak hands and accumulating more and more BTC.It's all about psychology.And when bear market is over and the chart starts to climb or whales decide it's time move up and probably reach new ATH guess who is laughing then?! I wouldn't sell now neither. i hear a lot people talking about weak hands. but in general, how much bitcoins do you think weak hand traders have? |
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just save it and buy something when you have a decent amount of btc.
don't invest it in altcoins. it is just not worth it.
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it would make sense for people who bought btc in 2011 and 2012 to at least sell a few coins at $1100 peak.
maybe they just can't access their wallet or they will leave them untouched for like another 10 more years.
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of course there is hope. markets are unsure currently. probably waiting for good news? we don't know.
$500 will not happen i think. bitcoin needs to get stable above $300 first.
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what do you think of storing your wallet backup in the cloud? like a storage service. like google drive / drop box / iCloud drive / etc...?
of course there is the USB stick and paper option too...
also how do you load a backup into bitcoin-qt?
Yeah, I use this method. I first PGP encrypt the wallet backup, then zip it, and finally attach it to a message on Gmail or some other mail service. Pretty convenient. Even with a password protected wallet I would never leave it on the cloud without secondary encryption because someone could still see your transactions and addresses. To restore the backup for bitcoin core, shut down the client and replace the current wallet.dat with your backup copy. Then restart the client. even when it is pgp encrypted, you should never leave a wallet with potentially thousands dollars worth of coins in it in your mail or cloud. i know pgp encryption is very strong, but still it's not 100% safe. |
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Some exchanges offer fee free trading for a short period after being hacked. Bitstamp was fee free after their hack. It's extremely risky taking advantage of such offers, but they are made for short periods from time to time.
bitstamp had indeed no fees but it was unfortunately for a very short time. nowadays exchanges seem to battle with each other by offering lower trading and withdrawal fees. customer benefits when trading fees get lower and lower. |
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last few days i am reading about how powerful the blockchain is. most people know bitcoin as coin but don't know much about the blockchain.
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faucets is my source, but yet they give low and its a time waste, but still i farm faucet  faucets are nice for newbies but also a waste of time. would you mind to share how much you get per day from faucets? |
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I think satoshi has shifted his focus elsewhere but still lurks around, it didn't take him long to post that he was not Dorian last year.
maybe he is still active on the forum. but he knows that bitcoin doesn't need him anymore. the community took it over and brought bitcoin to the next level. |
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Maybe the winklevoss Gemeni exchange will have a positive effect on BTC's price?
i hope so. i have been reading about it and it is indeed something that can give bitcoin a huge boost. but let's not get excited too early. i hope they will open their doors within a few months. |
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at this point not really, but it changed the way i look at fiat currency. that makes you realize that bitcoin is in fact superior.
avoiding greedy banks is also a great benefit.
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This is one thing I hate about BTC. People can look at all your BTC movements. You've got to have several wallets and avoid making large transactions not to have some voyeurs creeping.
not a big deal as most peoole have public wallets and private wallets. you can use a mixer or an exchange to make private transactions. But that's for those who don't like sniffers. or if you want to send coins to your cold wallets. |
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i don't have much myself currently but i keep them safe in my offline wallet.
which means i have full control of my funds. exchanges have proven to be not secure enough.
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Hi guys, can you please recommend me some online shops which accepts BTC as payment. I am looking for mobile phones and music gear. Thanks  edit: I am located in EU Why isn't anyone here mentioning brawker.com ? They are similar to purse.io except you can customize your own order...much better in my opinion it may be a personal preference but i think purse.io is already solid and has the name. never heard of brawker but it's great that people have several options to choose from. |
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this year definitely not. next year, maybe. as other people also said, hold your coins. that's your best option.
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RISK FREE? No, when you buy btc, it is a risky action! Every speculation and investment is all risky, imagine a guy who bought btc in 1000 USD per coin, and he wanna find a risk free way to invest btc. And now btc is 2XX USD, unless he finds a 4X method to increase btc, or he is lost in fiat. Hoard is not good because pumpers and dumpers are controlling the market, we have to do some dangerous trading.  well, some people don't care about the fiat value of bitcoin. in a way buying bitcoin is risk free if fiat value is not important to you. but for most people that isn't the case. |
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it's seems good and all but it is not anonymous, bitcoin is aiming at anon and those card are the opposite of that, not really desirable
i'm sure there will be a startup or existing company who will offer the same but then "fully" anonymous. no one can guarentee 100% anonimity. but if it comes close to that i am already happy. |
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