eddie13 (OP)
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BTC or BUST
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August 09, 2016, 10:54:18 PM |
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What do you think?
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Chancellor on Brink of Second Bailout for Banks
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anama
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August 10, 2016, 01:34:58 AM |
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your undestand or not, your must undestand bitcoin digital curency anonymous transaction is only online, still now is not regulated payment is offline store is physical only colletor is collect in price expensive and can't transaction via blokchain or another transaction online
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RyNinDaCleM
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Legen -wait for it- dary
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August 10, 2016, 02:15:41 AM |
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The problem with Cas coins is that they are at a premium and since Mike has not produced one in a couple of years, you must be buying it off of someone. It's hard to verify that the seal has not been tampered with when you can't inspect it in person before buying. Otherwise, it is an excellent way to curb the desire to move the coins to an exchange and sell, but it is also harder to sell the coins if you need the money. See where I'm going with this?
For the trezor, you are going to spend around $100. So that is a chunk of change that could be better spent. If you are looking for a secure cold storage, and know you will have no need to access the coins until you are ready to do so, do a paper wallet. It's simple and cheap!
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nanobtc
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August 10, 2016, 04:22:29 AM |
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With a paper wallet you have to physically keep it hidden (theft), and it is physically fragile (fire, water). A good alternative is generate a paper wallet, store the info on an encrypted USB key and destroy the paper. Make many copies, store them in many places. I don't trust Windows, I use a USB stick bootable to Puppy Linux, and keep the keys in a Truecrypt partition. I know the Truecrypt project is officially closed, but I choose to trust it.
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Lennon: "free as a bird"
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BitcoinNewsMagazine
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August 10, 2016, 04:39:46 AM |
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For the trezor, you are going to spend around $100. So that is a chunk of change that could be better spent. If you are looking for a secure cold storage, and know you will have no need to access the coins until you are ready to do so, do a paper wallet. It's simple and cheap!
You do not have to spend $99 for a Trezor. You can buy a Ledger Nano S for $65 that will do the job just fine. Any hardware wallet is better than a paper wallet for most users, unless you understand the pitfalls of paper wallets and how to avoid them.
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Coding Enthusiast
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Bitcoin and C♯ Enthusiast
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August 10, 2016, 04:45:58 AM |
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With a paper wallet you have to physically keep it hidden (theft), and it is physically fragile (fire, water). A good alternative is generate a paper wallet, store the info on an encrypted USB key and destroy the paper. Make many copies, store them in many places. I don't trust Windows, I use a USB stick bootable to Puppy Linux, and keep the keys in a Truecrypt partition. I know the Truecrypt project is officially closed, but I choose to trust it. i like it. i did this with Ubuntu and Electrum. everything on one USB disk, everything encrypted although i am looking for more interesting ways like one of those Linux from scratch like Arch to make a custom linux distro only for holding the wallet.
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MingLee
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August 10, 2016, 05:09:32 AM |
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It's probably best to put it onto a paper wallet (with multiple copies of course) and hold your Bitcoin that way; with that you aren't limited with a specific amount and you can do whatever with it, as well as put it into a digital wallet at nearly any point in time. I'm not entirely sure how the Cas coins work, but I would assume that a paper wallet is more versatile.
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Amph
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August 10, 2016, 06:00:09 AM |
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in a cold wallet your bitcoin will not grow, ionvest in something like mining, and it's like having your coins generating other coin, then you sell your equipment and return back a good portion of your invested coins
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~Bitcoin~
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Merit: 1000
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August 10, 2016, 09:55:57 AM |
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price is likely to rise over time so you better store 0.80 btc or whatever you can buy in paper wallet and put paper in bank locker. You will be in 2x atleast may be by next year.
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| ligma | | | | ███ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ ███ ███ | | ███ ███ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ █ ███ ███ | | |
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Herbert2020
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August 10, 2016, 11:45:22 AM |
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What do you think?
i am not exactly an expert in physical bitcoins but they are more of a collectible so if you are really interested in them, then buy it and enjoy having them for many years as a collection. especially if 0.5 BTC and whatever their prices are is not the only bitcoin you have. these may go up in price but it will need a long time. but if that is not the case then only use cold storage (paper or other ways) to store your coins.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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Shiroslullaby
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August 10, 2016, 11:53:08 AM |
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Aren't physical bitcoins much more expensive because they are collectible? The only ones I've seen were on eBay for something like $1,000 which is basically double the price of its worth.
Even though they are cool I would much rather just print a paper wallet or put a USB stick in a fire safe.
Someone should make another run of physical coins and make them cheap- around $5-10 and they would sell really well I think.
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Denker
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August 10, 2016, 12:20:50 PM |
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Aren't physical bitcoins much more expensive because they are collectible? The only ones I've seen were on eBay for something like $1,000 which is basically double the price of its worth.
Even though they are cool I would much rather just print a paper wallet or put a USB stick in a fire safe.
Someone should make another run of physical coins and make them cheap- around $5-10 and they would sell really well I think.
Yes you will have to pay a premium for physical bitcoins for exact those reasons you've mentioned. That's why I would prefer hardware wallets like Trezor, Ledger Nano or keepkey. Paper wallets are fine as well but make sure you store them safe and protected from water and fire.
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NorrisK
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August 10, 2016, 12:34:31 PM |
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I would go for the cold wallet over the phsyical bitcoin.
The premium you pay for the coin may be worth it at this price levels and maybe they will increase in value over time as they become more rare, but 0.3 bitcoin has much more growth potential than the coin imo. Imagine bitcoin going to 10k usd for the sake of the argument. That means the 0.3 bitcoin is valued at 3000 usd. Do you think the physical bitcoin with 0.5 btc will sell for 8000 usd? It is more likely that you get 5000 usd for the bitcoin and a premium for the coin of a few hundred dollars. I don't think those coins will still be selling for 1.6x-2x their bitcoin value at those bitcoin prices.
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interbtc
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August 10, 2016, 01:10:39 PM |
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Taking everything into consideration, i would rather have cold wallet, than a physical bitcoin. That was i can be sure there was no tampering, and only i can know private keys to my coins. Physical ones are much more appealing, i know, but on the end of the day, i choose security over looks, always.
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Paashaas
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August 10, 2016, 01:39:46 PM |
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I use my Trezor for trading and spending, for long-term i use paperwallet.
Dont forget to put youre paperwallet in a plasctic sheet and vacuum/seal it against light/air/water.
I'm not getting exited about a physical coin, maybe 1 with a small amounth just for the cosmetics.
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pearnapple
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CryptoTalk.Org - Get Paid for every Post!
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August 10, 2016, 01:43:01 PM |
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What do you think?
trezor is definitely a way better thing, with it you can basically spend your bitcoins whenever you want and it is still a cold storage, i would go with it
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2legit2
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August 10, 2016, 03:00:29 PM |
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What do you think?
cold wallet is always a great decision, in my opinion it is the safest thing you can use at the moment, i think that i will buy this too in the near future
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BTCLovingDude
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BTC to the moon is inevitable...
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August 10, 2016, 03:21:13 PM |
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What do you think?
the thing that you forgot to mentions is that what is your purpose for doing this? if you are looking for security and holding bitcoin for a long term then paper wallet is the best choice and Trezor is good only if you are willing to spend $100+ on it. also move your topic to an appropriate board here is speculation but if you are speculating about the price of those physical coins like Casascius then you should look at the Collectibles board here https://bitcointalk.org/index.php?board=217.0 and ask your question there.
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--looking for signature--
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ethereumhunter
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August 10, 2016, 03:28:28 PM |
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i think its better to keep bitcoin in cold bitcoin even its not grow, just hoping that the rate of bitcoin will be up to high. for other, my suggestion is don't do it. but the choice is up to you.
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sempak
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August 10, 2016, 03:38:25 PM |
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in a cold wallet your bitcoin will not grow, ionvest in something like mining, and it's like having your coins generating other coin, then you sell your equipment and return back a good portion of your invested coins
I agree with you . do not ever let stand in cold bitcoin wallet. bitcoin investment do to get even more. with an investment we can reproduce bitcoin we have.
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