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561  Economy / Trading Discussion / My experience with investing through CoinBase ... It there a better way? on: August 05, 2017, 06:34:14 PM
 I'm a long term investor.  I'm making this part of my retirement plan.  I'm slowly moving a small percentage of my investment/retirement portfolio into Bitcoin and a few other "blue chip" alt coins, putting them into cold storage, and forgetting about them.  

First off, I did my research and found CoinBase to be a reputable company, and I like that they supply litecoin and etherium directly, too, so I don't have to pay additional premiums to shapeshift them.

But in the downside, I'm limited to how much I can buy a week, and fees are a killer.  If I buy $150 in Bitcoin, I get a $5.98 purchase fee, and my Debit card companies charges me a $4.68 international fee, then there is a $2-3 fee to transfer the Bitcoin to my control.  

All totaled, it costs me $160.66 to get about $147.5 to my wallet.  That puts my investment about 9% in the hole from day 1.  And since the fees are mostly percentage based, larger purchases wouldn't solve the problem.  

I get that in 20-30 years if Bitcoin continues to grow I might be laughing at myself for worrying about $13 in fees per transaction, but they add up and are pretty significant... so I have to ask if there is a better way purchase bitcoins with dollars?

Thanks.


562  Bitcoin / Bitcoin Discussion / Re: Does evryone knows how to get free BTC ? on: August 05, 2017, 12:39:45 PM
I got into Bitcoin by faucet surfing.

Freebitco.in is already meantioned, and is paying.

moonbitcoin, bitfun, and bonusbitcoin are a trio that pay pretty well, and all share the same payment system "coin pot" ... If link your accounts and hit them regularly you can get about 50000 sats a week.
563  Bitcoin / Bitcoin Discussion / Re: wtf is this... on: August 05, 2017, 03:21:00 AM
Don't worry OP this site has been around for a while. It's more or less a gag as the chances of matching up someone's keys are ridiculous. You'd have a better chance of jumping out of an airplane and getting attacked by a shark inside of a rain cloud whilst getting struck by lightning...

See ... that's what I thought, in order to steel from a wallet you'd need both the private and the matching public key ... I mean, the chances alone of guessing a private key are slim, but the chances of also guessing the matching public key is about as close to Zero as you can get.  

But that website's FAQs seems to be saying that if you know the private key, the public address can be generated from the private key.  Is that BS?

Quote
A private key with the value   0 would generate the address: 16QaFeudRUt8NYy2yzjm3BMvG4xBbAsBFM
   A private key with the value   1 would generate the address: 1EHNa6Q4Jz2uvNExL497mE43ikXhwF6kZm
   A private key with the value   2 would generate the address: 1LagHJk2FyCV2VzrNHVqg3gYG4TSYwDV4m
   A private key with the value 127 would generate the address: 1FB8cZijTpRQp3HX8AEkNuQJBqApqfTcX7

I'm not doubting that bitcoin is safe... it is self-evident that it is safe ... I'm just trying to get a better understand of how it works.  
564  Alternate cryptocurrencies / Altcoin Discussion / Re: FINALLY SOLD MY BITCOIN CASH! STEP BY STEP GUIDE on: August 05, 2017, 02:19:45 AM
If you happen to use Exodus Wallet, they released an Update that makes it easy.  Exodus is apparently not going to support BitCoin Cash any time soon, but their latest release allows you export any BitCoins you held through the split to a BitCoin Cash wallet or Exchange.  Download the latest release, and the export feature is under "Help", at the bottom of the list of Help topics.
565  Bitcoin / Bitcoin Discussion / Re: wtf is this... on: August 04, 2017, 09:24:45 PM
So, in theory if someone were to start clicking around there and stumble on a private key with a balance, they would be able to steal it?  I know it's astronomical odds, but that is how it would work?
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