Killerpotleaf
Sr. Member
Offline
Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
|
|
March 13, 2017, 03:16:08 AM |
|
The Bears will come.The ETF not being approved signals a new bear market. Altho many are trying to see the silver lining in the dark cloud ahead, its hard ignore the obvious; market was high on the possibly of the ETF being approved, but it was denied and we saw just how dog-eat-dog the traders became, dumping BTC SUPER-FAST down to 975 flat before letting it bounce, after that 1050 was the battle ground, bears lost, then 1100, now we are at 1150 and bulls feel they've won. I think its far from over, altho i will loss the small bet i made stating <975 before monday 00:00 EST, the bears will come, and the bulls might be exhausted from their recent run when they do. The above chart paints a bearish channel, i do expect to be trading in this channel for the next week or too. However the next 48hours are absolutely critical, if bulls can sustain price above 1120 for that time, this may signal a complete and utter failure from the bear team. but i am warning bulls to keep there cool and not go chasing magical unicorns, market ought to adjust itself before resuming full speed ahead. What a bunch of random lines you draw there! I think you are confusing the concepts of MAYBE another dump/correction incoming with a "bear market" which is much different and there is no sign/reason for that yet. I know the lines are pretty random, but they LOOK relevent dont they right, but correction or bearish trend, just didnt sound scary enough.
|
|
|
|
eddie13
Legendary
Offline
Activity: 2296
Merit: 2262
BTC or BUST
|
|
March 13, 2017, 03:21:08 AM |
|
Yup. Hardware wallets are selling out fast.
Why use an ETF when you can hodl your bitcoins at home on a Trezor? (If you can find one to buy).
this is very true. i bought a ledger nano s the other day and it took quite some finding. amazon sold out and couldn't tell me when they were getting more in. I just bought a nano s from amazon for $69 shipped Hasn't got here yet.. TUXexchange dev miniteef said that they were the best and that I had to have one, so I popped..
|
|
|
|
Killerpotleaf
Sr. Member
Offline
Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
|
|
March 13, 2017, 03:40:42 AM |
|
never short your bitcoins kids...
|
|
|
|
bitserve
Legendary
Offline
Activity: 1820
Merit: 1464
Self made HODLER ✓
|
|
March 13, 2017, 04:00:31 AM |
|
Yup. Hardware wallets are selling out fast.
Why use an ETF when you can hodl your bitcoins at home on a Trezor? (If you can find one to buy).
this is very true. i bought a ledger nano s the other day and it took quite some finding. amazon sold out and couldn't tell me when they were getting more in. I just bought a nano s from amazon for $69 shipped Hasn't got here yet.. TUXexchange dev miniteef said that they were the best and that I had to have one, so I popped.. I paid almost 90EUR buying it directly from Ledger + UPS shipping Don't regret it though, but....
|
|
|
|
JayJuanGee
Legendary
Online
Activity: 3766
Merit: 10485
Self-Custody is a right. Say no to"Non-custodial"
|
|
March 13, 2017, 04:26:35 AM |
|
[http://rs97.pbsrc.com/albums/l210/naughty_or_nice192/Gif/tumblr_m1zjhqxwEI1qlepjzGid.gif~c200[/img]
never short your bitcoins kids...
And, here we go. Preparing for another leg, uppity!!!! That is B call... little friends, aka bitcoins.
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
|
March 13, 2017, 05:37:04 AM |
|
I think a factor in the high price is that people who thought it would be safer to wait until an ETF was available to get in because of institutional protection, their lack of tech knowledge, whatever, have realised they don't get that luxury and have starting buying directly. This is a bit of a silk road v2 situation IMO, everyone thought the value was due to X and then X vanishes and it retains the value = collect jaw drop and then FOMO.
Yup. Hardware wallets are selling out fast. Why use an ETF when you can hodl your bitcoins at home on a Trezor? (If you can find one to buy). ^paper wallets a thing of the past? :\ I bought a few of these: I am quite impressed. Dude tries to destroy one: https://www.youtube.com/watch?v=u1hLFsBuDT0I verified that the private keys were legit on a cheap laptop that I never connected to the Internet. I then pulled the hard drive and destroyed it down to tiny pieces. I will be burning the rest of the laptop in a fire just to be sure. I also bought a Case hardware wallet. I am not so sure about this one. I put 1 bitcoin on it last year, checked it later and never saw the bitcoin.
|
|
|
|
bitserve
Legendary
Offline
Activity: 1820
Merit: 1464
Self made HODLER ✓
|
|
March 13, 2017, 05:44:06 AM |
|
I think a factor in the high price is that people who thought it would be safer to wait until an ETF was available to get in because of institutional protection, their lack of tech knowledge, whatever, have realised they don't get that luxury and have starting buying directly. This is a bit of a silk road v2 situation IMO, everyone thought the value was due to X and then X vanishes and it retains the value = collect jaw drop and then FOMO.
Yup. Hardware wallets are selling out fast. Why use an ETF when you can hodl your bitcoins at home on a Trezor? (If you can find one to buy). ^paper wallets a thing of the past? :\ I bought a few of these: I am quite impressed. Dude tries to destroy one: https://www.youtube.com/watch?v=u1hLFsBuDT0That's one of my next buys... I find it quite expensive for what it "does" though. I mean I can engrave the seed on some metal plate myself. But the coolness factor of cryptosteel is impressive I supposse you use it for storing the seed/s of a hardware wallet and not for using ever in a software wallet, right?
|
|
|
|
bitserve
Legendary
Offline
Activity: 1820
Merit: 1464
Self made HODLER ✓
|
|
March 13, 2017, 05:47:54 AM |
|
I am not so sure about this one. I put 1 bitcoin on it last year, checked it later and never saw the bitcoin. You say you put 1 bitcoin and never saw the bitcoin and your not sure so about it? I would be soooooo fucking sure if that happened to me.
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
|
March 13, 2017, 05:48:23 AM |
|
I supposse you use it for storing the seed/s of a hardware wallet and not for using ever in a software wallet, right?
I'm not very sold on the whole hardware wallet concept. Especially after my Case wallet didn't work as I had hoped. I have the seed but am not sure how I would get my bitcoin back. I have always relied upon just storing the full private key (mixed in a way that only I know).
|
|
|
|
bitserve
Legendary
Offline
Activity: 1820
Merit: 1464
Self made HODLER ✓
|
|
March 13, 2017, 06:01:13 AM |
|
I supposse you use it for storing the seed/s of a hardware wallet and not for using ever in a software wallet, right?
I'm not very sold on the whole hardware wallet concept. Especially after my Case wallet didn't work as I had hoped. I have the seed but am not sure how I would get my bitcoin back. I have always relied upon just storing the full private key (mixed in a way that only I know). I also was skeptical until a few weeks ago that I started doing my research and was sold on the concept. And now that I have personally tested it, I am more than sold. I didn't know about that hardware wallet you have, but I don't see any signs of a scam, so sure it must be something that can be solved. First, that hardware is different than Trezor/Ledger in that it seems to use some sort of multisignature: Case is extremely secure because it is built on top of a multi-signature, multi-factor architecture with no single point of failure. Your bitcoin wallet has three keys and two of them are needed to complete a transaction. One key is embedded on the device so it is secured by the possession factor. No one can gain access to this key without having possession of the device. However, this key isn’t enough to complete a transaction. A second key is stored on our servers and transactions are only signed by the server key if the fingerprint scan is a match so this key is secured by a biometric factor. That means even if your device is lost or our servers are compromised, your bitcoins are safe. A third key sits in an offline vault and is only used if you ever lose your Case to help you recover your bitcoins. So, I am not sure if I would recommend a device like that (sound too cumbersome... I want to control the seed MYSELF) but it looks like there are ways for you to recover your bitcoin. In the worst case they say they have "a third key in their offline vault". Maybe you should recover that bitcoin and invest 10% of it in a proper hardware wallet
|
|
|
|
bitserve
Legendary
Offline
Activity: 1820
Merit: 1464
Self made HODLER ✓
|
|
March 13, 2017, 06:25:19 AM |
|
Elwar, I have been reading a bit more about that "Case" hardware wallet. Definitely it's something I wouldn't recommend: It uses a multisignature requiring two of three keys, one is the case itself, another one is stored in their servers, and the third one is in a vault they have. So... They are in possesion of two of the two needed keys to access the funds. That's a no-no. I supposse I don't need to explain why. That is unless you opted to be the own in custody of the third key (as you should): Who holds the third key?
During first time setup for the device, you can choose where you want your recovery key stored. The default option is to store it in a secure vault operated by Third Key Solutions. If you wish to store your own third key, you will be prompted during the setup flow to scan the public key of your recovery private key. Please note that you will be responsible for signing a transaction with this private key if your device is lost or stolen, and we recommend this only as an advanced option for expert users.
Really, recover that 1btc and buy a proper hardware wallet. Play with it and then I bet you will like it as much as I do now
|
|
|
|
BTCtrader71
|
|
March 13, 2017, 07:28:11 AM |
|
I verified that the private keys were legit on a cheap laptop that I never connected to the Internet. I then pulled the hard drive and destroyed it down to tiny pieces. I will be burning the rest of the laptop in a fire just to be sure.
You can do that with a ledger s nano, no need to sacrifice a laptop. 1. Set it up, and record the 24 words in cryptosteel. 2. Write down the first receipt address. 3. Wipe the ledger. 4. Go to recovery mode and re-enter the 24 words. 5. Check to make sure the first receipt address is the same. If it is, you know you've recorded them in cryptosteel without error. You can do something similar with a Trezor but you have to type the words into a connected laptop. If compromised, the bad guys will know your 24 words (although they won't know which order to put them which means they won't be stealing your coins). It's the one thing that ledger has over Trezor. If you really want to stick with Trezor, I'd say it's worth getting a nano just so you can verify the 24 words.
|
|
|
|
r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
|
|
March 13, 2017, 09:35:15 AM |
|
I'll buy a steel physical private key wallet as soon as someone manages to get bitcoin over 4 TPS. Until that happens, I'm not sure if it feels right trying to secure Bitcoin against Noah's flood and nuclear attacks.
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
|
March 13, 2017, 10:48:21 AM |
|
With the hardware wallets like Trezor, I would just ask. What happens when my Trezor dies down the road and the company that creates them no longer exists? Is there a way to recover my bitcoins from the seed in such a case?
|
|
|
|
olseh
Jr. Member
Offline
Activity: 128
Merit: 9
|
|
March 13, 2017, 10:51:22 AM |
|
With the hardware wallets like Trezor, I would just ask. What happens when my Trezor dies down the road and the company that creates them no longer exists? Is there a way to recover my bitcoins from the seed in such a case?
Yep, you don't need to recover your seed in another Trezor, you can use something like Mycelium to do the same
|
|
|
|
Mervyn_Pumpkinhead
Legendary
Offline
Activity: 876
Merit: 1000
|
|
March 13, 2017, 11:12:24 AM |
|
You guys are still excited about a crypto, that has risen less then 10% in the past 3 years.. extremely interesting things going on with ETH and DASH, and the same faces are still here, still hoping for a miracle... religious people are weird...
|
|
|
|
becoin
Legendary
Offline
Activity: 3431
Merit: 1233
|
|
March 13, 2017, 11:15:36 AM |
|
With the hardware wallets like Trezor, I would just ask. What happens when my Trezor dies down the road and the company that creates them no longer exists? Is there a way to recover my bitcoins from the seed in such a case?
Just keep your 24 words seed safe! You can use dozen of other HD HW wallets or other BIP 39 and BIP 44 compliant solutions to recover your privkey as long as you have those 24 words.
|
|
|
|
becoin
Legendary
Offline
Activity: 3431
Merit: 1233
|
|
March 13, 2017, 11:17:59 AM |
|
You guys are still excited about a crypto, that has risen less then 10% in the past 3 years.. extremely interesting things going on with ETH and DASH, and the same faces are still here, still hoping for a miracle... religious people are weird...
As soon as pumps on those altcoins finish dump will start and bitcoin will shoot up!
|
|
|
|
Mervyn_Pumpkinhead
Legendary
Offline
Activity: 876
Merit: 1000
|
|
March 13, 2017, 11:40:53 AM |
|
You guys are still excited about a crypto, that has risen less then 10% in the past 3 years.. extremely interesting things going on with ETH and DASH, and the same faces are still here, still hoping for a miracle... religious people are weird...
As soon as pumps on those altcoins finish dump will start and bitcoin will shoot up! One can hope.. but even if it happens, then people will still probably make less in a year with BTC then people with ETH and DASH made in a week.. but.. at least everyone are happy and excited..? :/
|
|
|
|
becoin
Legendary
Offline
Activity: 3431
Merit: 1233
|
|
March 13, 2017, 11:49:07 AM |
|
You guys are still excited about a crypto, that has risen less then 10% in the past 3 years.. extremely interesting things going on with ETH and DASH, and the same faces are still here, still hoping for a miracle... religious people are weird...
As soon as pumps on those altcoins finish dump will start and bitcoin will shoot up! One can hope.. but even if it happens, then people will still probably make less in a year with BTC then people with ETH and DASH made in a week.. but.. at least everyone are happy and excited..? :/ Eth fork is a scam pumped up by banks. Better invest in eth classic if want to have eth exposure as investor.
|
|
|
|
|