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1  Other / Beginners & Help / Re: Bought my first 0.1 BTC on: August 16, 2014, 03:51:26 PM
Thanks for all the replies
I'd just like to add the I've just used localbitcoins and its also quite easy to use and with cheaper prices then bittylicious its a no brainer Smiley
got another 0.2 BTC and it took no longer then 5 minutes for the whole process.
Exchanges are not my cup of tea too complicated IMO.
2  Other / Beginners & Help / Re: Paper wallets on: August 15, 2014, 08:26:07 PM
Thank you for your replies

I believe good support is essential to get more of "us" non technical guy/girls on board and this forum is great  Grin



 
3  Other / Beginners & Help / Paper wallets on: August 15, 2014, 06:49:11 PM
Hi again  Grin

Right due to my paranoia I didn't feel I was safe with Bitcoin core so after downloading the offline bitaddress.org page from Git-hub Rep I dumped it into an USB key and turned my old computer on in the garage (no WiFi card or network at all) from there I created a paper wallet that I printed.
Now my problem after that was how do I check my balance and how do I use it to pay into it without having to take it out or carry it with me?
I created a blockchain wallet and from there I was allowed to add a "watch only" address, now I will never use my paper private key on line till the day I want to cash out,  hopefully in a few years, so my main question is how safe is my money? Can I keep paying into my paper wallet as much as I want/can? Have I taken the right steps or did I make any mistake It might cost me later?

Thanks in advance for your replies!!
   

Tackling how to work with exchanges is my next step if there's no major security breaches in what I've done.
Grin price seems to be falling
4  Other / Beginners & Help / Re: Bought my first 0.1 BTC on: August 15, 2014, 01:20:35 PM
thanks for all the replies ,

It's around £20 over 1BTC more or less on the cheapest option. It's not overkill it's just me looking to find a cheaper option if I'm planning on getting a few more as I said 4 or 5 will be my investment once I feel a bit more comfortable with the way things work. As I said the service was very good and fast so I cant complain for a newbie like me it's the best way to jump in the crypto world.
I was never a gambler and never invested in nothing and honestly don't own much but I remember browsing Bitcoin news a few years back and thinking to myself it was just a gimmick ... and look how things are right now so I'm taking the risk!
Worse case cenario I lose a months wages and the wife will rub it in forever, best case scenario (1 trillion dollar market cap ) I might have a nice little return here  Grin 



5  Other / Beginners & Help / Bought my first 0.1 BTC on: August 15, 2014, 12:14:00 AM
 OK just bought my first BTC investment to test the waters!

Now I have a question I'm in the UK and I've bought from Bittylicious, tho it's very easy and fast to use it's quite a lot of money over price market paid a good £20 quid over . Now is that the usual fee or are there cheaper ways to trade my fiat for BTC in the UK I feel I'm paying a Premium for the service and I admit it's a good service so far.
Now another question is what is the easiest safest way to cash out back to fiat? Im planning on investing on 4 or 5 BTC then hodl for a few years or so but if in a emergency I need to cash out what's the easiest way ATM and will I have to pay a PREMIUM again?

Thank you for your help .
6  Other / Beginners & Help / Re: new to Bitcoin finding it a bit hard! on: August 12, 2014, 04:57:33 PM
Thank you I will do some testing to familiarize myself with restoring back ups etc etc security is of course first priority and then hopefully the sync should finish today I'll go and invest in my first BTC  Cool
Truth be told I read about BTC 2 years ago and didn't pay  no notice to it thought it was another gimmick it was cheap as chips to buy them back then and last week ran into an article that took me to a trader site and I saw the price it was trading at I couldn't believe it... no idea how you guys have been doing this but BTC has quite the potential now  Roll Eyes
thanks for the support I'll be back once I hit a new wall of questions  Cheesy
7  Other / Beginners & Help / Re: new to Bitcoin finding it a bit hard! on: August 12, 2014, 04:29:20 PM
Thanks for you quick reply  Grin
So If I have at least one of those wallet.dat backups up to date and safe even if my wallet (bitcoin core) gets stolen I will always manage to recover it and my coins will be safe?
Also what is a paper wallet back up? I don't really understand it?
8  Other / Beginners & Help / new to Bitcoin finding it a bit hard! on: August 12, 2014, 04:18:17 PM
Hello
Pardon my spelling as English is not my main language so allot of technical stuff about  BTC evades me !
I'm new to BTC only started reading and investigating on it for a week or so. I've got a wallet that's still syncing after 4 days is that normal?
Also I've encrypted it and backed it up onto 3 different usb keys even tho I think it's a bit overkill and I don't even have a BTC yet. I also bought sum Darkcoins mostly for testing purposes and they  were cheap and their wallet was much faster at syncing.
MY question is now that I backed up the wallet.dat of both those wallets lets imagine I wanted to transfer it to another computer how would I do that?
There's not option to restore backed up wallet.dat in any of the  clients I have so do I just copy paste it from my usb keys after installing a fresh client on the new computer? also I've renamed the wallet.dat on the  usb's do I have to rename them back to wallet.dat?
Im sorry if these sound like very basic questions and I know and see that many of your are very technical savy but im just an average joe and if BTC has to grow it needs more average Joe's to join and support the  ideal and the  currency I just find the whole system very complicated atm .
Thanks for your replies all help is appreciated.   
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