I think you're friend was actually right that btc was too expensive though . how ironic
The irony must be so subtle that I can't see it. We're not talking " The Gift of the Magi" ironic here; I think it's more a case of shit luck. The exchange AlcoHoDL set up his friend on just happened to have the mix of the alts that would prove to do well and only those alts in fact. What's ironic is that AlcoHoDL calls this person friend yet sets them up on Kraken. Friends don't let friends do Kraken. Thankfully it all worked out. LOL, you're right about Kraken, but it worked OK at the time... Good thing is that he is now a HoDLer! A Ripple/Stellar HoDLer! He just logs in to Kraken to check his balance. Every other day he calls me and thanks me for what I've done for him. And whenever we go out for dinner or drinks, he always insists on paying the bill. So I got something out of it too, thanks XRP/XLM! |
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It’s just the great crypto rotation. Next week it will be Raiblocks, Iota and NEM.
Notice how everyone has forgotten about Bcash?
A few months ago I helped a friend setup a Kraken account to buy some BTC. This guy is completely tech-/crypto-illiterate. To him, Bitcoin, Ripple, Stellar, DOGE, are all equivalent. A few weeks later he told me that BTC was too expensive for him to buy (a common newbie reaction). I explained to him that 1 BTC = 1000 mBTC, etc., so even 0.1 BTC is still a good investment. He ignored my advice. Using common sense, he concluded that the only chance he has to quickly multiply his investment would be to buy cheaper altcoins, because, according to his thinking, if they're cheap they have the potential to grow much faster and much more than BTC. He bought a few altcoins. No BTC. His two biggest purchases were 10000 Ripple and 10000 Stellar Lumens. He paid about 2000 € for both purchases. Today, his crypto stash is valued in excess of 30000 € (a 15x gain), with the majority of the gains coming from XRP and XLM. All this in just 4 months! Had he followed my advice, he would have less than 1/4 of what he has now... I told him that he should consider buying some BTC, but he's blinded by his unexpected gains and is now determined to ride the Ripple/Stellar wave until the end. I just hope he won't be disappointed when the trend reverses and the bank-coins start losing value (or BTC does a 10x again this year)... |
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Breaking 24777$ prediction game FINAL LIST
MERRY XMAS TO Y'ALL AND GOOD LUCK
Nice, so plopping all the dates into Excel and converting/calculating gives:
4/3/18 Average
2/19/18 Median
We love you, Santa Geek!  Haha maybe to turn into eastern bunny geek after hitting 24777 ( if we get iT in time) We will!  And many thanks for the cool games! |
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Cardano is a threat to Ethereum. It is a smart contract platform. Ethereum uses Solidity as its programming language. Solidity is immature as a language and potentially quite dangerous due to poorly understood behavior. Cardano uses Haskell which is a mature programming language. I don’t know enough about Haskell to comment further.
Haskell is a functional (as opposed to procedural) programming language that is well established and with an excellent track record in the scientific community. It's a good thing. |
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Nah, just an old supporter from times back and still holding so far. Interesting by the way how a proponent of X is always 'a shill' in this world. As if every BTC supporter would be a 'shill' as well.
People have differing interests, and some are more right than others: there is not much more to it. The fact that you insist on calling me 'a shill' is further proof to the in group/out group cultism that this community has tended to show for years already.
I think it has to do with one's frequency of posts about coin A, in a thread that talks about coin B. It's not about what one posts, but where he/she posts it. This is a general comment, not about you. Edit: bitserve beat me to it. |
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So, let's see if I got it all right.
I go to the library, (with my clothes on), download the "make your paper wallet" site from the library computer (so the computer can't be traced to me) onto a USB stick. Buy a refurbished poo computer from Ebay, Get naked, take a shower just to be sure, put on a balaclava thats been in the microwave to kill the microcameras that might have been put there by the Chinese who made it, get an enema, make the wallets, preferably in a dark room with loud music, print them on a virgin printer, pour petrol on the printer and computer and burn them, put the wallets in an envelope seal it with wax and my coat of arms, and put it in my box in the bank.
Did I miss anything?
But seriously, thank you all for your input, I know OPSEC is important, and I do get more and more paranoid as the price goes up.
Do yourself a favour. Get a TREZOR. Seriously. I don't think you want to expose yourself to the risks of owning and maintaining a paper wallet. Write your 24-word seed on 2-3 small pieces or paper, laminate them, and store/hide them safely in 2-3 separate places. Also, use an additional 25th word/phrase (passphrase), so that even if someone finds your seed, it will be useless without the passphrase. All done! You can sleep peacefully at night. Definitely worth the 100-something € to buy the TREZOR. |
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Sorry for posting way off topic this morning, I was in panic mode. I know you guys are always on here, and I appreciate your help. Looks like I actually got my coins back now. (mind blown) I got on this morning to send a transaction, I was watching it on the blockchain, 2 hours later. A separate transaction appeared sending my remaining coins to unknown address. Which turns out, is one of my own hidden addresses. I know change can be sent back to hidden addresses, my understanding is it's always in the same Transaction ID though. This transaction shows on the blockchain with it's own ID but doesn't show in my wallet.
That's the first time I've ever seen a backdoor virus detected on this pc and I definitely did not turn defender off myself. Maybe that's just a coincidence and it was leading to draw the wrong conclusions. I dunno. I did a format and reinstall of windows 3 days ago because windows was reporting corrupt system files when trying to update. I've only installed programs I consider trustworthy since, so I'm really surprised to find a backdoor got on here. Anyway, think I'm going to take a nap when my blood pressure returns to normal.
Congrats man! That was close! Losing 0.1 BTC is nothing compared to losing $45k... |
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Yeah, Trezor. My only question there is what happens if they get hacked, and is there a way to run your own trezor server on your own system (so you don't every have to depend on the Trezor company to be in business)?
No need to worry. If the TREZOR company goes bust, just enter your seed in a Ledger. They are compatible. It's a standard. There will always be a way to get to your coins from your seed. Plus, the servers of these companies don't know (and can't know, by design) your seed or your private keys. Which HW wallets do you like more? I have a ledger and have not used a Trezor. I own both TREZOR and Ledger h/w wallets. Well, TREZOR was my first, and hence has seen much heavier use than the Ledger. I like both. The good thing about the Ledger is that it supports many more coins than the TREZOR, and the Ledger team is usually quicker to release support for forks, updates, etc. Also, the Ledger contains a "secure element" that is supposed to improve security. I think both are more or less equivalent for most users, and they are currently the best you can get, but I tend to like the TREZOR slightly more, probably for sentimental/subjective rather than technical reasons... jojo69 has posted a comparison video. Watch it for a more hands-on comparison. |
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Yeah, Trezor. My only question there is what happens if they get hacked, and is there a way to run your own trezor server on your own system (so you don't every have to depend on the Trezor company to be in business)?
No need to worry. If the TREZOR company goes bust, just enter your seed in a Ledger. They are compatible. It's a standard. There will always be a way to get to your coins from your seed. Plus, the servers of these companies don't know (and can't know, by design) your seed or your private keys. |
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He got a confirm. 45k lost.  Oh man, really sorry to hear that. From the moment I read your first post about this, I knew it was a losing battle. It's tough to outrun the network (even the slow and overloaded Bitcoin network). It was inevitable that he would get a confirmation before you could act... Some advice to help avoid situations like this: 1. Buy (and use) a TREZOR or Ledger h/w wallet. 2. Use a good Anti-Virus s/w (not M$ SUCKurity ASSentials or DAFTender). 3. Train yourself to sense intrusions (needs years of experience). 4. Be paranoid about the organization of apps and files on your PC. 5. Don't use Windows 10 if possible. It significantly compromises (3) and (4) among other negatives. 6. Online and PC/phone wallets are to hold small amounts of coins, and only temporarily. 7. Buy (and use) a TREZOR or Ledger h/w wallet. Again, really sorry for the loss, and I hope it was a small percentage of your total portfolio. |
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Sorry... Post corrected! Thanks for the batch file link jojo69! Worked great! |
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Edit: maybe the xvitaly thingy posted by NiceSoft12 jojo69?
That was a great post. I found two more batch files for the removal of telemetry updates from a Windows 7 installation. Didn't keep the links unfortunately, but you can find them easily by Googling for them. Applied them all, to all of my PCs. No side effects. And hopefully a cleaner, more secure system. Thanks NiceSoft12! Edit: Thanks jojo69! |
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I'm not messing with my seed... If TREZOR or Ledger decide to provide a coin splitting tool for this or any future forks (like they did with Bcash and Bgold), I'll claim. If not, my BTC stay put. Not worth the risk.
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It is funny to see every time there is a dip, the trolls be like: I put buy offers at 8000 and 1000. Wow, some noob with 0.01 BTC may fall for that and sell The enemies of BTC failed miserably in their attempt to sabotage BTC hodlers. Even at 14K the gain is 1400% for a year!!! This year's BTC gains have been spectacular, there's no doubt about that! Even if it drops to $5k, it's still the absolute best investment many of us have ever made in our entire lives. It's just that the last few months we were "spoiled" by the rise and expected it to keep rising, so we don't like the dips/corrections. But, as always, the Honey BTCadger don't care... |
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I pumped Dogecoin, and it followed a historical TA pattern
I think dogecoin is successful for the fact that it creates laughter in the investor I told a friend about dogecoin and he said why is it called that. I said after dogs, for real, and he cracked up for a bit. The good thing with DOGE is that it is (soon "was") so cheap that it's easy to mega-pump it and spike the price. A relative bought several thousand DOGE coins a few months ago, just for fun, and now he's laughing. He's keeping them and hopes to become rich from them in the coming years. |
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[ ... ]
Yes, those are 14 great tweets that can provide some grounding, and assistance to folks who have already accumulated a decent stash of bitcoin, and also to consider that cashing out a decent amount of profits can be decent for protecting from the possible downside and even diversification of some profits can also be provide additional grounding.
[ ... ]
JJG, just out of pure curiosity, can you quantify the highlighted phrase? I cannot really quantify - because "a decent stash of bitcoin" remains a very relative term based on someone's own financial situation. For example, let's say that you had a very systematic plan in regards to your bitcoin, and within the past several years, you were able to invest in accordance with a systematic plan, that would be anywhere from 1% to 20% of the money that you have available for investments. We all recognize that if you were largely "in" bitcoin before 2016, then you would have witnessed a decent 78x BTC price appreciation from about $250 to $19,666. Surely, if you did not sell very many of your coins, then your proportion of BTC as compared with other assets in the value of your funds is going to have become disproportionate in size, much beyond the percentage that you originally chose to invest. So even a relatively small number of coins might have caused some disproportion in your risk allocation that would have become more skewed towards bitcoin - for some folks small might be 1-10 btc, and others 10-40 btc, yet relatively speaking, the bitcoin value should be considered and whether you consider yourself to be disproportionately overly risky in terms of the weight of your bitcoins. I understand that I probably did not answer this question very well, yet on a personal level, I have considered my choices to sell bitcoin all the way up the price rise at about 1% per every 10% rise in bitcoin has served me very well to remove a decent amount of fiat value from my bitcoin, and even though some may consider that I am overly allocated in bitcoin, which for me is probably currently somewhere between 70% and 80%; however that disproportionate allocation came from BTC price appreciation rather than my investing that much. So, I am feeling really comfortable, even though I have a decently high proportion of my investments value in bitcoin - and I think that I am kind of covered in terms of several advice points of the 14 tweets based on my own goals and aspirations, my past practice and the fact that i have given decent consideration to my own allocation situation. I will admit that several weeks ago, I had to do additional introspection because I had not really expected BTC prices to so easily go past $15k - at least not the first time around, and we are currently back struggling, a bit, with this $15k price point. Many thanks JJG, for the thorough reply, which I enjoyed reading. I appreciate the time and effort you spent in composing it. Just for the record, I enjoy reading your posts, and don't mind at all that you "overanalyse" things, as you're frequently being accused of. I also tend to overanalyse things in real life, because I believe that more information is always helpful, even if it is sometimes redundant. To those who say "silence is gold", I reply "silence is death". |
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That's the beauty of Bitcoin. You buy the dips and you profit. No need to sell.
In fact, what's great about Bitcoin is that you just buy anytime you like, and you profit. No need to sell.
One magic word: HoDL.
But where is the money to buy dips if you are always all in btc and dont trust exchanges? It is contradictory. I'm employed and well-paid. It's money I earn. I guess many here do the same. No contradiction. The exchanges are only used to buy BTC, never (or rarely) to sell. Well, OK, we do sell shitcoins like Bcash. |
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I'm confused. Everyone on this thread is supposedly so bullish that they are always 100% btc and never sell a single coin, and also that they dont trust any exchanges to hold their coins or fiat. However, then whenever the dip occurs they say they 'bought the dip' and profited tremendously - meaning they would have had to have sold for fiat first. So which is it?
That's the beauty of Bitcoin. You buy the dips and you profit. No need to sell. In fact, what's great about Bitcoin is that you just buy anytime you like, and you profit. No need to sell. One magic word: HoDL. |
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Naaah, I think they'd prefer to use Monero for that. Bitcoin is for the mainstream. Paying them with gold or silver would be a pain though. To buy a pair of shoes, a belt and a wallet, I would have to carry more than 1 kg of gold, or 80 kg of silver, and transport it all the way to the UK...  |
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Oh, how I'm looking forward to 20 years from now... It will be so satisfying to quote all those anti-Bitcoin posts from the recent breed of self-proclaimed prophets announcing Bitcoin's demise. Just like the Internet in the 80s and 90s, when it was all text and command line...
Keep posting anti-Bitcoiners. Verba volant, scripta manent.
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