Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[birr]

I'm thinking of putting 50% of my coins in paper wallets, but I have always been worried that the private key won't work when it's time to claim them
Please you who know how these things work, ease my worries.

The real risk is loss of the private keys.
Example:  you print out the private keys on that heat-sensitive printer paper.  Later the paper gets warm for whatever reason, and you end up with a piece of paper that's solid black and illegible.
The key works -- if you have it. The problem is making sure you have it.

[Arriemoller]

I'm thinking of putting 50% of my coins in paper wallets, but I have always been worried that the private key won't work when it's time to claim them
Please you who know how these things work, ease my worries.

They work very well, but on it's lowest level, it's just two long strings of characters. Find a way to securely and safely store those two numbers in addition to paper wallets. Paper wallets do not work well in a washing machine, or a fire.

EDIT: To use paper wallets at all, you eventually have to know how to get BTC out. There are two main choices with software wallets. if you IMPORT the private key, it is available in both locations. If you SWEEP the key, it conclusively moves it. A good way to start is put a tiny bit in a paper wallet, then familiarize yourself with sweeping it to a software/hardware wallet. Sweep may be more secure than import, else you can leave several software wallets around with BTC. You need to always secure the software ones. When TX fees are low, flip it around a few times. Then you won't be stressed over moving large amounts someday.

I'm familiar with sweeping, I have done that with most of my addresses to claim my clone coins. I'm just worried that the private key on that piece of paper wont work. How do I know that the private key actually work? What if my coins are stuck in that piece of paper for ever?. ( I know they are not actually in the paper wallet, I'm not that dumb).

[gentlemand]

I'm familiar with sweeping, I have done that with most of my addresses to claim my clone coins. I'm just worried that the private key on that piece of paper wont work. How do I know that the private key actually work? What if my coins are stuck in that piece of paper for ever?. ( I know they are not actually in the paper wallet, I'm not that dumb).

Presumably you'd be using something like Bitaddress a long way offline. Create your wallet and store everything. Then start another Bitaddress session and feed in the private key in the wallet details bit. It'll show you the same address and then you'll know you're set for life.

[Arriemoller]

I'm familiar with sweeping, I have done that with most of my addresses to claim my clone coins. I'm just worried that the private key on that piece of paper wont work. How do I know that the private key actually work? What if my coins are stuck in that piece of paper for ever?. ( I know they are not actually in the paper wallet, I'm not that dumb).

Presumably you'd be using something like Bitaddress a long way offline. Create your wallet and store everything. Then start another Bitaddress session and feed in the private key in the wallet details bit. It'll show you the same address and then you'll know you're set for life.

One of the reasons I'm worried is because my legacy address on Blockchain holds some dust, but when I try to sweep that dust to a BTC or BTG wallet it says "no funds".  So that private key obviously doesn't work.

[Arriemoller]

I'm familiar with sweeping, I have done that with most of my addresses to claim my clone coins. I'm just worried that the private key on that piece of paper wont work. How do I know that the private key actually work? What if my coins are stuck in that piece of paper for ever?. ( I know they are not actually in the paper wallet, I'm not that dumb).

Presumably you'd be using something like Bitaddress a long way offline. Create your wallet and store everything. Then start another Bitaddress session and feed in the private key in the wallet details bit. It'll show you the same address and then you'll know you're set for life.

Thanks

[Deeyoh]

Start a Blockchain.info wallet.   Go to Settings, Addresses and Click the Import Address.  Put in the public key.  This way it's watch only and can see what's on that address.  Next you can use the More Options button and spend if you have the private key.   Did that to import my old Armory private keys.

[xhomerx10]

Saddle up boys. Time to ride that bull !

 You buying again?!

[bones261]

Saddle up boys. Time to ride that bull !

Well that is an impressive 15 minute green dildo.

[the artful bodger]

Saddle up boys. Time to ride that bull !

Well that is an impressive 15 minute green dildo.

I blinked and it pumped by $500!

[bones261]

Saddle up boys. Time to ride that bull !

Well that is an impressive 15 minute green dildo.

I blinked and it pumped by $500!

https://www.youtube.com/watch?v=9EcjWd-O4jI

[aesma]

I'm thinking of putting 50% of my coins in paper wallets, but I have always been worried that the private key won't work when it's time to claim them
Please you who know how these things work, ease my worries.

You should be making the paper wallets on an offline computer. Nothing prevents you from testing the private keys on a wallet like electrum, on that offline computer.

[Bitcoinaire]

Finally, some nice action! Looks like we may have a nice weekend rally.

[Deeyoh]

GDax didn't get the memo it's supposed to be over 15k.  They'll catch up soon.

[BlindMayorBitcorn]

I blinked

See, that's where they get you.

[Deeyoh]

Awww, they still have 25Billion to throw in.   Now if they keep it away from ripple geez.

[sirazimuth]

My goodness! I was so engrossed reading posts i didnt check price for a brief history of time!
Are we doing a fleeting gentleman again?

[txtravwill]

This is the 4th time on 6hr chart that we've had these bumps back up $750+.  Each time though the overall trend is it drops lower.

I hope we can get a REAL breakout on one of these and stay up finally.  Until then I definitely don't trust the increase in price as having staying power.  We

[the artful bodger]

My goodness! I was so engrossed reading posts i didnt check price for a brief history of time!
Are we doing a fleeting gentleman again?

There's a wall forming at $15000, and another at $15500 on bitfinex. Maybe those are due for demolition during the next few hours.

[sirazimuth]

Ya know...
 i knew i shoulda taken that 1st original bitcoin airdrop byteball thingy a little more seriously....

[HairyMaclairy]

Ya know...
 i knew i shoulda taken that 1st original bitcoin airdrop byteball thingy a little more seriously....

Yikes.  Perhaps so.