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clover12
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December 10, 2018, 03:23:59 PM
 #1

is a ledger nano s wallet safer compared to a paper wallet that i just write down all the codes or email them to myself?

what is you lose your nano s device? does that mean all my crypto on that device are also gone?

does nano s store the 0x coins?  if not, where do i store my 0x coin at?

can i safely use my nano s device to log in using a public library computer?  (i do not have my own desktop and use library computers)

what do you think of 0x? is 0x going to be valuable some day or not?

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clover12
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December 10, 2018, 03:29:08 PM
 #2

another question

so i have been buying bitcoin during this long bear run.

basically i have been buying on the way down and i want to figure out what is a good selling point for when bitcoin goes back up.

i know it was sorta stupid investing, but these were my purchases:

$100 worth at $18,000
$100 worth at $15,000
$100 worth at $12,000
$300 worth at $10,000
$100 worth at $8,000
$100 worth at $6,000
$200 worth at $5,000
$200 worth at $4,000

how do i calculate everything and figure out a good sell point?

also consider that coinbase charged me a $2.99 service fee per transaction.

lets say i want to make a 85% profit.  at what price do i sell everything at?

also should i sell in increments on the way back up during a bull run, or should i just sell all at one price point?
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December 10, 2018, 03:30:42 PM
Merited by theymos_away (5), Pmalek (1)
 #3

is a ledger nano s wallet safer compared to a paper wallet that i just write down all the codes or email them to myself?
Both can be equally safer (unless you email them to yourself, in this case, your wallet security is compromised). The big advantage of hardware wallets is that you can use it on a daily basis while not losing any security. For paper wallets, you need to import your private-key somewhere to spend the coins. If you do this in an infected computer, your coins can be stolen.

what is you lose your nano s device? does that mean all my crypto on that device are also gone?
That's what the backup seed is for. If you lose your device, simply buy a new one and restore your wallet or restore it outside the hardware device in a desktop wallet (in this case, the wallet security may be compromised).

does nano s store the 0x coins?  if not, where do i store my 0x coin at?
Yes.

can i safely use my nano s device to log in using a public library computer?  (i do not have my own desktop and use library computers)
Yes. That's the main advantage of the hardware wallets (you can even use it in an infected computer).

what do you think of 0x? is 0x going to be valuable some day or not?
Probably not. Smiley

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December 10, 2018, 03:45:30 PM
Last edit: December 10, 2018, 04:02:28 PM by Bitcoin_Arena
 #4

lets say i want to make a 85% profit.  at what price do i sell everything at?
Just simple math
For example the for the BTC you bought at 4000, you would have to sell it when BTC's price is just slightly above $7400 [4000+(4000x0.85)] in order to cater for the trading fee too.

EDIT

The calculation format is for just different portions.. TryNinja has a better answer for the amount you would sell all the BTC at in order to realize 85% profit.


also should i sell in increments on the way back up during a bull run, or should i just sell all at one price point?
Depends on how patient you are willing to be,  next serious bull run could even happen after 2-3 years
In my case if I couldn't wait for that long, I would just sell in potions according to how I bought the BTCs for example the BTC I bought at 4000, I would sell off at 4500 or 5000 while keeping watch of the price in order to buy or sell off another portion.

But if you are looking to HODL, just don't stress yourself with daily prices. Store them a hardware wallet and wait for a major bullish trend

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December 10, 2018, 03:52:33 PM
 #5

~
So, you have ~0,169722BTC and paid a total of $1200 for everything (plus $24 on service fees). Is this right?

This means that your median price is $7070. To make a 85% profit, you have to sell at ~$13k.

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December 10, 2018, 03:53:12 PM
 #6

lets say i want to make a 85% profit.  at what price do i sell everything at?

also should i sell in increments on the way back up during a bull run, or should i just sell all at one price point?

It all depends on your strategy and the mathematics.
If you want a profit of 85% you'd have to sell when the price is 85% of that amount you bought at that price.
So starting from the lowest you sell after an 85% growth on $4000, for the exact amount of bitcoin bought at that price ($200 worth) and so forth in corresponding prices.

If you want to sell at once then, toud have to abandon the individual math and sum up the entire investment.



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CryptopreneurBrainboss
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December 10, 2018, 05:10:20 PM
 #7


$100 worth at $18,000
$100 worth at $15,000
$100 worth at $12,000
$300 worth at $10,000
$100 worth at $8,000
$100 worth at $6,000
$200 worth at $5,000
$200 worth at $4,000

how do i calculate everything and figure out a good sell point?

Firstly I want to ask if these capitals are your spare money (money that if you lose them it won't affect your day-day activities or kept in an investment for years and it won't affect you) if yes then I would answer your second question together with the 1st

should i sell in increments on the way back up during a bull run, or should i just sell all at one price point?

Sell them in increment in future market, Bitcoin is just almost 10years old, now imagine what the next 10 years holds for bitcoin. picture yourself as an investors investing in 2010 and picture the gains you would had made if you held to 2017 and sold in increment between 2017-2018 don't forget for holding Bitcoin you'll get those free wanna be bitcoin through airdrops and you can sell those immediately for quick cash. Grin also as you sell in increment in future also take advantages of the dips and acquire more. Bitcoin is a game of accumulation

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December 10, 2018, 05:54:24 PM
 #8

<…>
On top of what @Tryninja has stated in relation to Ledger Nano S, bear in mind that in order to use it on a public library computer (or else), you may need to access and/or install some software on the computer itself, which may not be doable on a public computer (depending on how permissions are set).

For example, to manage ETH and ERC20 tokens, you could use the Ledger Ethereum Wallet Chrome right up until today. Nevertheless, the chrome app is, as of today deactivated (see Ethereum Chrome app deactivation, and users are prompted to use Ledger Live instead (their own new software to manage Ledger Nano S). Ledger Live requires you to download and install a program, which may in turn not be feasible on a public library computer.

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December 12, 2018, 03:57:57 PM
 #9

<…>
On top of what @Tryninja has stated in relation to Ledger Nano S, bear in mind that in order to use it on a public library computer (or else), you may need to access and/or install some software on the computer itself, which may not be doable on a public computer (depending on how permissions are set).

For example, to manage ETH and ERC20 tokens, you could use the Ledger Ethereum Wallet Chrome right up until today. Nevertheless, the chrome app is, as of today deactivated (see Ethereum Chrome app deactivation, and users are prompted to use Ledger Live instead (their own new software to manage Ledger Nano S). Ledger Live requires you to download and install a program, which may in turn not be feasible on a public library computer.


dang that is complicated......
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