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

[rjclarke2000]

What's the downside of paper wallets then?

Edit. As a hodler

[gentlemand]

What's the downside of paper wallets then?

Edit. As a hodler

The creation of them primarily. Unless you're diligent enough then you might be compromised when making them but there are enough tutorials to prevent that.

[leowonderful]

What's the downside of paper wallets then?

Edit. As a hodler

Almost none. If you have the patience and the right spot to put them in they're the most secure way to store coins. The fact that they can easily be damaged is avoided if you keep it in a very cool, dark spot like a locked desk. None of the malware shit and also very good looking and presentable if you print a good design

[tk3609]

What's the downside of paper wallets then?

Edit. As a hodler

Flood.

Jokes aside pretty much none, I have mine laminated buried under my favorite apple tree.

[gentlemand]

Flood.

Jokes aside pretty much none, I have mine laminated buried under my favorite apple tree.

Do you own said tree? Some weirdo might take a fancy to it and decide to steal it during the night. Your wallet might be unearthed during the theft.

[tk3609]

Flood.

Jokes aside pretty much none, I have mine laminated buried under my favorite apple tree.

Do you own said tree? Some weirdo might take a fancy to it and decide to steal it during the night. Your wallet might be unearthed during the theft.

Its on my family's land, its an old tree broken by thunder in half, planted by my great grandfather. No one will ever cut it, since it gives the best green apples.

[CoinCube]

Flood.

Jokes aside pretty much none, I have mine laminated buried under my favorite apple tree.

Do you own said tree? Some weirdo might take a fancy to it and decide to steal it during the night. Your wallet might be unearthed during the theft.

It is a mistake to publicly share details like this. It increases the chance of theft.

[gentlemand]

It is a mistake to publicly share details like this. It increases the chance of theft.

I'm sure he knows what he's doing. It's probably a peach tree that was hit by an airliner and it's on his aunt's land. Misdirection is the first line of protection.

[Syke]

Almost none. If you have the patience and the right spot to put them in they're the most secure way to store coins. The fact that they can easily be damaged is avoided if you keep it in a very cool, dark spot like a locked desk. None of the malware shit and also very good looking and presentable if you print a good design

Mine was printed on a laser printer, stuffed in a waterproof baggie, put in a waterproof pelican case, stored in a fireproof safe.

[cmacwiz]

Mine was printed on a laser printer, stuffed in a waterproof baggie, put in a waterproof pelican case, stored in a fireproof safe.

what's your address?

[gembitz]

George Washington -- I cannot tell a lie ...! :-D $2017 weeeeeee

[gembitz]

I don't trust anything.

Neither do I.

This is why I prefer paper wallets. Even hardware wallets require trusting the hardware manufacturer.

With paper wallets you only need to trust yourself and mathematics.

^trust me this time  haa

[abercrombie]

hi guys, why isn't Bitcoin up another $100?

is crypto done??   

[julian071]

Gawd the last soul crushing epic dump was sooooo long ago! What's keeping those guys?

[JimboToronto]

You did calculate your paperwallets by hand with pencil and paper?  

No, I generate them on an internet-incapable computer and print them with a printer that has never been connected to an internet-capable computer. Printer spooling buffers can be hacked.

Anyways, you will probably need a computer and a software wallet to redeem them....

That's why I'm considering getting a Trezor... to use as a landing place when I break a paper wallet and reallocate the coins to new wallets.

Many of my older wallets contain multiple coins, including one with over 30 coins. That's a lot of money to risk by exposing it to the internet.

I learned my 50 coin lesson at MtGox. Never again.

[BitcoinNewsMagazine]

RSI is really overbought on the daily Bitstamp chart at 90. Last time RSI was 90 was back on January 3 the day before we had a $389 drop. $1780 was also an important Fibonacci extension. 

[r0ach]

Congratulations to all hold baggers.  If the fiat system were to collapse tomorrow, the premiere global digital payment system is now bit....litecoin.

[LFC_Bitcoin]

Congratulations to all hold baggers.  If the fiat system were to collapse tomorrow, the premiere global digital payment system is now bit....litecoin.

Lost money on any precious metals today?

[Dabs]

Ok, so hardware wallet: Trezor or Ledger? I heard about Case before, or is that too much?

There is also crypto steel, or metal wallets. (also plastic wallets, kiddy alphabet wallets, engraved wood or metal wallets, etc, whatever; they're all "paper".)

[m3g4tr0n]

hi guys, why isn't Bitcoin up another $100?

is crypto done??   

We just crashed and burned from 1,780 to 1,760. Blood in the streets, man. People are rioting.