Hello folks.

I want to change the wallet that I use to hold my XRP, but of course there is the rule that any wallet (or is account the correct term?) must have at least 20 XRP in it. Which means, if I want to change wallets, I have to leave 20 XRP behind.

Is there a workaround for this problem? The wallet I want to use does not support importing private keys.

Thanks.

Hello folks.

I hold the following cryptos: bitcoin, ethereum, litecoin, cardano, ripple, iota and stellar. I haven't bought or sold in almost 3 years; just holding on to what I have.

Anyway, I'm a linux user and have 7 different pieces of software for managing those 7 coins. I very much want to simplify things.

I don't mind having separate software for bitcoin, but is there a linux desktop wallet that supports most/all of the other coins?

Thanks.

So, I attempted to submit a transaction via armory (transferring all bitcoin out of wallet), and the submit failed for some unknown reason. I grabbed the transaction from the log file and submitted it via a web site, and it was processed properly.

However, now armory still shows the bitcoins in the wallet, because it apparently isn't aware of the transaction. Is there any way to get armory to indicate the proper balance of 0?

Thanks.

Not sure what to make of the last month...it hasn't been a sudden selloff. It's been a consistent downtrend. Crypto portfolio has been cut in half over that time.

I bought last June, so I'm still in the black. Wondering if it's time to take my profits and watch the value of everything continue to fall...

Hello folks.

Is there a way to tell if a wallet is encrypted merely by inspecting the file?

Hello folks.

Before I get told not to gamble large amounts of money, let me assure you that I'm not. Crypto currencies are less than 5% of my portfolio.

With that out of the way, what do folks think is an effective way to hit the next jackpot? There are 2 extremes - place a bet on a single coin, and hope you picked the big winner (ie. if you had bought ripple a year ago), or throw a small amount at a lot of coins.

I currently own 7 of the top 10 coins by market cap. This diversification has occurred over the last few weeks (I previously only owned bitcoin and ethereum). Not wanting to invest new money, my current plan is to sell small amounts of bitcoin and buy anything that enters the top 10. I don't think bitcoin is going to falter, but I do think the days of astronomical gains are over.

Does this seem rational? Are there other strategies that are generally preferred?

Thanks.

Hello.

I currently hold 5 coins (bitcoin, eth, bitcoin cash, litecoin and iota). I'm interested in diversifying further into ripple, monero or cardano.

Instead of buying w/ cash, I'm considering exchanging bitcoin cash for one of these new coins. Do you think that's a good idea? Does bitcoin cash have a brighter future than the coins I mention above?

Thanks.

Hello folks.

I'd like to sell my BTG which were acquired via the hard fork. I have transferred my bitcoins from the pre-fork addresses, so the private key from my original bitcoin wallet would not provide access to my bitcoins. However, the addresses from my original wallet still hold bitcoin cash and bitcoin gold.

I've found an article online that utilizes coinomi (android app) for getting access to my BTG (my original wallet does not support BTG). As part of the process, I'd need to sweep the private key from my original bitcoin wallet into the coinomi wallet.

Is there a better/safer way to do this? Or is this an acceptable solution?

Thanks!

I have some BCG as a result of the fork. I use armory for my bitcoin wallet.

I'd like to exchange the BCG for another altcoin on binance.com. What's the simplest way to deposit my BCG on binance?

Thanks.

Hello folks.

I already own BTC and ETH. Looking to add a 3rd altcoin. Don't care about feasability as a currency; this is a speculative investment.

My candidates are litecoin, monero and iota. Which would you recommend?

I purchased some bitcoin back in June, so I have equal number of bitcoin, bitcoin cash and bitcoin gold.

If I'm looking to sell enough to recoup my original investment (about 20% of current value), which of the 3 would you suggest I sell?

Thanks.

Hello folks.

The first question is pretty straight forward: if I wanted to determine the value of my bitcoin holdings (which were obtained before the 8/1 fork), the answer is (number of bitcoins) * (bitcoin value) + (number of bitcoins) * (bitcoin cash value), correct?

Second - are people making an effort to sell their bitcoin cash before the price falls? For argument's sake, let's say bitcoin cash is at its highest value right now. If I have access to the private keys of my bitcoin wallet, should I be making an effort to sell the associated bitcoin cash?

Thanks.

Hi folks.

Let's say I install Armory on a machine and create a wallet, then create a digital backup. I then restore that digital backup to another machine running Armory.

Do I now have 2 distinct wallets, or do they appear as one to the bitcoin network? Can I send/receive from either machine without issue?

Thanks.

Can anybody recommend a desktop wallet (hopefully supported on linux) that doesn't consume a ton of resources? Something like myetherwallet would be great, but it doesn't have to run in a browser.

Currently using armory, but the complete processing of the blockchain whenever you need to use it is becoming a pain.

Thanks.

Hi folks.

So, making multiple backups of bitcoin or ether wallets...if the wallet is encrypted, is it acceptable to store a backup on something like dropbox or google drive? Assuming a very strong password, what is the potential drawback of doing this?

Thanks.

Can somebody please recommend a site for buying BTC (and ideally ETH) where funds can be transferred from a US bank account? Hopefully with low fees and decent responsiveness?

I've signed up w/ Coinbase, but I am unimpressed. I've read many negative comments, and it has taken 4+ business days just for them to deposit the verification funds into my bank account.

Thanks.

Hello folks.

I am looking to purchase bitcoin and ethereum as investments. In other words, I don't plan on using them to pay for services or goods.

My question is - what is the simplest method of cold storage? Is there a single desktop app I could use that supports both currencies? Is Jaxx the answer for this use case?

Thanks.