When you have more than 12 BTC, I would recommend using Bitcoin Core on a computer that can handle it. The only other wallet I've used is Electrum.
How can you suggest someone to use a software wallet with 12BTC ($20.000)? That's irresponsible advice  On a properly secured computer, it's fine. I know someone who uses an android software wallet with 50+ BTC in it. All the coins and alts I hold are on software wallets. Do whatever you need to do to keep your computer secure, whether that's installing firewalls or running it in a VM or isolating it from the internet. No, it's not fine. When I am not trading I do computer security for a living and I know all the ways why it isn't. That doesn't mean it is a sure thing that you will be hacked, but there's no need to gamble with that when current hardware wallets are so cheap and convenient to use. About the guy with 50+BTC on an android.... well, everything is relative, it depends on his net worth... if that's what he spends in a couple of days or even a week, then its ok. Other than that it's irresponsible. But hey, it's his money. |
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Remember when going up $50 in one day was special?
This thread is dead these days...
$50 is only a 3% now. Wake me up when we are at $2000 or something... |
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When you have more than 12 BTC, I would recommend using Bitcoin Core on a computer that can handle it. The only other wallet I've used is Electrum.
How can you suggest someone to use a software wallet with 12BTC ($20.000)? That's irresponsible advice |
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At this point you need to stop sending more transactions until the previous ones settle. The problem here is that you have sent a transaction that used coins that you just received but were not confirmed before sending again.
Maybe someone has a better solution for this, but I would just wait and next time don't use unconfirmed coins as inputs for sending.
But. but. but... The coins have been in my wallet for a month at least. I had an issue in my wallet two months ago when it showed un-confirmed balance. As per the wallet support people, I emptied my wallet to a new one and then created a new wallet where I sent my coins. That cleared the unconfirmed balance. But now a month later when I want to send my coins to an exchange I run into this problem. Maybe it is a wallet problem.. How to fix it? I dont want to lose my 12 BTC! What software wallet are you using? Also, if you have 12BTC on a software wallet my advice inmediately changes to: Buy a hardware wallet NOW!
Either Ledger Nano S or Trezor. And for your current problem, make sure you have copy of the seed words and/or backup the wallet. Wait for transactions to settle as any time you keep sending new transactions using your unconfirmed change you are making the problem worse (no coin loss though, except for the fees). MultiBit HD v 0.4.1 Yes I have the seed words and will make a backup now. I was thinking about switching to Electrum wallet. I have 6 transactions stuck with increasing fees ranging from 27 to 224 satosh/byte since the 7th (three days) I was sending to Bittrex to buy str and xrp. So the coins crashed while I wait but now recovering so I am frustrated since I missed a good buying opportunity. Of course the bleeding could continue but... nobody knows for sure. This MultiBid HD is shit and I did not know it due to lack of research. Found many threads with problems and solutions. For now I am going to wait until the transactions cancel or go through. The plan is to try to move my coins to another wallet when this fiasco is over. The latest problem I discovered with this wallet is that the interface says satoshi/byte on a slider where you can set the fee. That is a lie, it is just satoshi! So when you think you are 200 satoshi the resulting transaction is like at 80 satoshi/byte. I maxed out the fees and gives only 0.0005 btc regardless of the size (bytes) of the transaction! So if you use this wallet be careful your coins could get stuck like mine. Also someone suggested that the wallet is spending unconfirmed transactions of the previous unconfirmed transactions.. Now is this a fucking joke? I have been in BTC for years and nobody ever said that you should do one BTC transaction at the time! WTF! In the end just be careful. I will update this mess when it gets resolved to inform you guys! Thanks for your help! Good luck with that. I can't tell you anything besides just wait for the transactions to settle and, again, buy a damn hardware wallet! Oh, and I wouldn't touch STR or XRP right now except maybe for shorting them... but that's just me  |
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Well, it looks like we are back on track. Litecoin is also doing great and Monero and ETC recovering. I am happy It is crazy how these little alts I bought now factor into my price checks. I even check on PPC which I bought just because I had some money left on btc-e Yes, it is really funny. I started playing with alts only a couple of months ago because I like to trade and Bitcoin was stagnating at that moment. Had some fiat on my trading account and started "gambling". It was a small amount, like 5% of my trading funds (which is less than 40% of my long term holding on cold wallet) and it has grown now to more than 30% of my trading funds even if Bitcoin has also risen in the meantime. I wouldn't recommend anyone to put too much into alts instead of Bitcoin (much more safe long term in my view), but I have to recognise that the gambling has paid well. I also believe that soon many alts that are way overpriced will start bleeding big time serving as fuel for a crazy Bitcoin rally. |
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Well, it looks like we are back on track. Litecoin is also doing great and Monero and ETC recovering. I am happy |
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I want to see some beastly wall to reassure me that ancient whale manipulators still exist...
...or was it always just a ghost whale?
I think it was mostly early adopters with more bitcoins than common sense trading experience. |
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Buy the fucking dip! Told ya. |
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Buy the fucking dip! |
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One day we'll finally see people crying about price dropping to "only" $5,000. Remember, people are getting sad not buying at the once-thought-to-be-too-high price of $1000. Price is rising even quicker right now but buying a tiny bit couldn't hurt. If you have coins, HODL on and watch these threads.
I am thinking about the big amount of people that were left behind waiting for a correction to buy. Huge amount. That is what makes me confident that when a correction comes (and of course it will) it would be well cushioned by some of that people rebuying on the dip. Plus us hodlers that are also waiting for that dip to buy more. |
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Switch to Logarithmic chart.  ^^^ This. Simple arithmetics. |
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Thanks for the detailed explanation. One more question.
If you have multiple hardware wallets with the same seed, do they all update when you perform a transaction on one of them?
Or if you have multiple copies of the seed, do the transactions travel with the seed in case your original hardware is destroyed and you have to rebuild on new hardware with the same seed??
First question: Yes, of course. It's basically the same as if you have your software wallet in multiple computers. Second question I don't understand it well. If you want to have access to the same addresses you had you need to rebuild another device or a software wallet with the same BIP39 seed. Also, you can configure the device with a different seed if you want. And there's much more to it.... you can establish a passphrase (besides the regular pin) that depending on which one you enter it will access a different set of addresses (as if it had a different seed... plausible deniability, etc...) Really, just buy one, it's a good thing. |
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Maybe I'm out of date but can you keep multiple hardware wallets with the same addresses in multiple offsite locations?
For hardware wallet you need only keep a copy of the seed. Cool. So you can obviously encrypt the seed and store it in multiple locations. Will this seed work with another physical hardware wallet if the original is destroyed? YESSSSS, it will even work in a BIP39 compatible software wallet (but the point is to avoid software wallets). |
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Hardware wallets may be convenient and "cool" but they are still a point of vulnerability. Multiple encrypted copies of paper wallets are much safer.
Jimbo, all the advices you give about paperwallets are really good, but I think probably have a misunderstanding about current hardware wallets: What is the point of vulnerability you are refering to? I mean, you say as if they had a con in comparison to paperwallets... which is it? Lack of redundancy. If you lose your hardware wallet or it's stolen or destroyed by some calamity aren't you out of luck? Maybe I'm out of date but can you keep multiple hardware wallets with the same addresses in multiple offsite locations? This is exactly what I thought. You have same misunderstanding I had before being sold on the concept. Why do you think I am almost beating everyone to buy one? When you first configure your device a seed will be generated (you can modify it if your are fucking paranoid) the same as with software wallets. YOu can write down that seed (24 word list) the same as you would do with a paperwallet, you could configure a second device with the same seed.... you could do whatever you want the same as you would do with a paperwallet. But the plus is, when you USE it, all the signing of transactions is done inside the device so you will never expose your private keys to a computer as you would have to do with a paperwallet when you decide to "claim it". Look, you have a bunch of bitcoins (WAY more than me), don't be cheap and buy one now, it's less than 100 bucks, try it, play with it for a while.... even if only for some little part of your stash (sorta warm wallet, because its a secure as a cold wallet, but as convenient as a hot wallet), and I am sure you will love it. Trust me. |
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Hardware wallets may be convenient and "cool" but they are still a point of vulnerability. Multiple encrypted copies of paper wallets are much safer.
Jimbo, all the advices you give about paperwallets are really good, but I think probably have a misunderstanding about current hardware wallets: What is the point of vulnerability you are refering to? I mean, you say as if they had a con in comparison to paperwallets... which is it? |
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Is there any other exchanger like poloniex with btc lending option, that has identical rates? fucking polo is getting too scary.. every day they have problems.
https://cryptolend.net/rates.htmlthanks, I heard of bitmex before, but didn't know they had lending option until now. I will switch my coins to there. Not that I am recomending any site for lending... but you should already know the risks of lending. That website is good because if you are gonna lend... at least get the most out of it. It is a real time comparison. |
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Is there any other exchanger like poloniex with btc lending option, that has identical rates? fucking polo is getting too scary.. every day they have problems.
https://cryptolend.net/rates.html |
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 Oh well... In the meantime Bitcoin is still in the "no trading" zone, so I guess I didn't lose anything watching it... but, WHAT THE FUCKING FUCK?!?!
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https://www.youtube.com/watch?v=mB1l-7WNtT8&tEven with HW the dumb ones can still easily lose all BTC's. This guy is even trying to bribe ledger... bahahahah Bury your fucking seed and/or divide the seed into 3 parts and give each one to 3 different trustworthy persons. This can be a good solution if you have a place to bury and don't want to take the risk of the seed end up destroyed underground: cryptosteel.com WTF?!?!?!?! Has Bitcoin become so "mainstream" now?? So, the guy is sure he wrote the recovery seed, but when he checked he notices that he didn't, but he is so sure that he did, even if he now realises that he didnt... that Ledger need to reimburse him or something? Ok, this leads me to my second advice tonight: Drugs are fun, but try not to abuse them much.... Oh, no, scratch that, it is this one: When you first configure your hardware wallet, WRITE DOWN THE SEED, send some trivial amount to it, then reset/erase it, input the seed you wrote down again, and if everything is ok you are good to go. |
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Not yet. Is it a prediction for THIS week? |
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