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Rampion
Legendary
 Offline
Activity: 1148
Merit: 1018
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November 25, 2013, 06:56:07 PM |
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$1000 invested, 1.25 coins O.O
LOL!! I remember how I sold $1000 worth of coins to my best friend in January this year... I told him he couldn't afford to lose the opportunity, and he said "ok, WTF, take $1,000 and send me some of that magic internet money"... Do you know how many coins I sold him? BTC71  Crazy bitcoin, so crazy... And you have to know that at that time it seemed very expensive to him. He told me "come on man, can't you round it up and give me 100 coins? This is crazy, $1,000 hard earned dollars for 70 monopoly-like tokens" I will add that Bitcoin ALWAYS feel expensive when you first buy it. But it's not. damn, $1000 becomes 56800 in a year? wtf? In less than a year, Sir. I sold him the coins at the beginning of January 2013 - and yes, I bought them back from Gox as soon as I sold them to my friend  |
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Odrec
Member
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Activity: 112
Merit: 10
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November 25, 2013, 06:56:54 PM |
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Take her around the world or something done that she does not want to go again, something about airplanes suck, lol Well I have to agree that airplanes suck. Maybe someday your bitcoins could afford her her own airplane  |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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November 25, 2013, 06:59:05 PM |
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Is he still a friend?
Yes indeed, now I'm a "genius" for him. Last funny thing: he told me at the beginning of October: "hey man, $10k is a lot of money for me, I think I will sell, if then "some day" Bitcoin arrives to $1k x BTC I will hit myself in the head, but now I know that I could use the money..." I told him: "$1k per coin? That's nothing. That's around the corner. We will go through $1k before you can even notice it, like a hot knife through butter". So he decided to hold a little more... And like 5 days later the rally began The guy is now so happy you can't even believe it. But, bad thing, he is now fully convinced that he has to hold forever and he will probably become a billionaire with his 70 coins. I told him many times: do not forget to reap some profits on the way up, this thing could very well go to 0 at some point... At least enjoy some of the profit, never go full fiat and always keep the vast majority of your coins for the long run, but don't be greedy and sell some on the way up, you need to give a piece of the pie also to the ones coming behind you |
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justusranvier
Legendary
Offline
Activity: 1400
Merit: 1013
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November 25, 2013, 07:02:13 PM |
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How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?
The common vulnerability is that they are third parties which hold bitcoins on behalf of other people. It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe. |
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ChartBuddy
Legendary
Offline
Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 25, 2013, 07:02:26 PM |
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UnDerDoG81
Legendary
Offline
Activity: 2183
Merit: 1211
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November 25, 2013, 07:06:59 PM |
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The red dragon is really falling. Not sure if the crash will come or not. Everybody is waiting for a price dump and as soon as it goes under 800 everybody buys coins like wild. I´m not sure anymore if we will easily go through the 1000$ because it looks not attractive to trade 1000 to get 1.
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micalith
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November 25, 2013, 07:07:29 PM |
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How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?
The common vulnerability is that they are third parties which hold bitcoins on behalf of other people. It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe. is there a safer option (other than paper wallets) where they don't have to download the whole blockchain? edit: sorry OT |
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wachtwoord
Legendary
Offline
Activity: 2338
Merit: 1136
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November 25, 2013, 07:12:19 PM |
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How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?
The common vulnerability is that they are third parties which hold bitcoins on behalf of other people. It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe. is there a safer option (other than paper wallets) where they don't have to download the whole blockchain? The blockchain is only 23.5 GB. I can't see that being an issue. |
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philip2000uk
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November 25, 2013, 07:13:21 PM |
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this girl is ignorant
what, exactly, is your problem She's ignoring me. Because i said that singapore airport is nice, she even made the point that she's clicking ignore for that fact. So i just wanted to reply to her |
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philip2000uk
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November 25, 2013, 07:15:33 PM |
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How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?
The common vulnerability is that they are third parties which hold bitcoins on behalf of other people. It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe. is there a safer option (other than paper wallets) where they don't have to download the whole blockchain? edit: sorry OT Just get an address from bitaddress (follow the offline steps) And you can get people to put money into it. Think about the wallet in years to come if you want to withdraw, or i think an atm will work |
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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November 25, 2013, 07:24:09 PM |
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How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?
The common vulnerability is that they are third parties which hold bitcoins on behalf of other people. It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe. is there a safer option (other than paper wallets) where they don't have to download the whole blockchain? edit: sorry OT I am guessing Multibit (lightweight client, you control your own wallet files --> so put a password on it, and make sure your computer isn't full of viruses) |
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justusranvier
Legendary
Offline
Activity: 1400
Merit: 1013
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November 25, 2013, 07:24:15 PM |
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is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?edit: sorry OT
Electrum doesn't download the entire blockchain. On the other hand, I have a hard time seeing why people who hold significant amounts of bitcoin can't afford a decent computer such that storing the blockchain is a prohibitive. |
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micalith
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November 25, 2013, 07:24:32 PM |
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How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?
The common vulnerability is that they are third parties which hold bitcoins on behalf of other people. It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe. is there a safer option (other than paper wallets) where they don't have to download the whole blockchain? The blockchain is only 23.5 GB. I can't see that being an issue. It's an issue as it takes a few days, and many mobile devices can't afford that sort of spare space Just get an address from bitaddress (follow the offline steps) And you can get people to put money into it. Think about the wallet in years to come if you want to withdraw, or i think an atm will work
Thanks, will check it out. |
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micalith
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November 25, 2013, 07:25:27 PM |
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is there a safer option (other than paper wallets) where they don't have to download the whole blockchain?edit: sorry OT
Electrum doesn't download the entire blockchain. On the other hand, I have a hard time seeing why people who hold significant amounts of bitcoin can't afford a decent computer such that storing the blockchain is a prohibitive. Ah, that's more like it. It's really for people who are testing the waters with not so significant amounts of bitcoin |
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maz
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November 25, 2013, 07:25:56 PM |
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How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?
The common vulnerability is that they are third parties which hold bitcoins on behalf of other people. It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe. is there a safer option (other than paper wallets) where they don't have to download the whole blockchain? edit: sorry OT Trezor will put a stop to many security issues. I'm really looking forward to it. |
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zoinky
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November 25, 2013, 07:27:12 PM |
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philip2000uk
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November 25, 2013, 07:39:05 PM |
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How is it that online wallets are so vulnerable to thefts? Do they all have the same vulnerability which can't be fixed or something?
The common vulnerability is that they are third parties which hold bitcoins on behalf of other people. It can never be fixed other than convincing people to never let third parties hold their bitcoins for them, but there are ways to make online wallets less unsafe. is there a safer option (other than paper wallets) where they don't have to download the whole blockchain? The blockchain is only 23.5 GB. I can't see that being an issue. It's an issue as it takes a few days, and many mobile devices can't afford that sort of spare space Just get an address from bitaddress (follow the offline steps) And you can get people to put money into it. Think about the wallet in years to come if you want to withdraw, or i think an atm will work
Thanks, will check it out. but do the steps of getting an offline computer and shizzle |
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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November 25, 2013, 07:44:21 PM |
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The red dragon is really falling. Not sure if the crash will come or not. Everybody is waiting for a price dump and as soon as it goes under 800 everybody buys coins like wild. I´m not sure anymore if we will easily go through the 1000$ because it looks not attractive to trade 1000 to get 1.
Trust me I won't buy like crazy just under 800...People forget that one week ago it dropped in the 400s and 1 month ago it was in the low 200s. The sad truth is that there is no "buying like crazy" going on. If it continues to fall, a rout is much more probable than a buying frenzy. China is falling, with lots of coins listed for sale and no corresponding buyers. |
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