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Bitcoin |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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I believe he is still trawling through rubbish dumps can you store code on email or cloud ? Bitcoin is the hottest of commodities until you actually try to spend it |
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31448 |
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I'm getting in on the new Venezualan cryptocurrency on the ground floor.
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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you like to live on the edge, .16 bitcoin |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020 |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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and this, make up your own mind :
Nobel Laureate Economist Predicts a Bitcoin Crash “Won’t Go to Zero, It Will Just Come Down |
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31448 |
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As I explained, after I decided not to buy an investment amount of Bitcoin, a bad decision as it turned out, I only bought $200 worth so I could get experience with all the technicalities involved with buying, selling and using bitcoin- wallets, tumblers, PGP etc. So that in the future, if I I ever need to buy a cryptocurrency and make an anonymous purchase on the darknet, I can. |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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I liked it.
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Rosscoe
Champion Joined: 02 Apr 2007 Location: Brisbane Status: Offline Points: 6124 |
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Litecoin now $145 AUD, more investing has taken place by me with this crypto since the introduction. Treading wearily but a great positive start since focussing on the technicals. I only wish I had jumped earlier but don’t we all! Happy to at least to have banked positive gains & exposure to this sector ... whilst others are still procrastinating. I am now waiting patiently for the next pull-back. |
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Current Stable - Soul Star & Adivinar + Lady Vega
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31448 |
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What do you use for a wallet, Rosscoe?
I use a hardware wallet, a Ledger Wallet HW.!. It was the cheapest hardware wallet I could find. No longer being made. It's only for Bitcoin. https://www.ledgerwallet.com/products/ledger-hw-1 Their Ledger Nano S is fancier and more expensive and supports Bitcoin, Litecoin, Ethereum and altcoins. It's the one I would use if I started again. https://www.ledgerwallet.com/products/ledger-nano-s |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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Please explain, why do you need a wallet ? Can't you just buy them via somewhere like BTC Markets ?
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31448 |
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You buy them at an exchange like BTC and you can keep them at BTC but then you are relying on BTC security. That's probably safe but there have been major hackings of exchanges. |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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I see so you treat them as a physical item like gold and therefore need storage ? Can't you simply store the code on email or Cloud or is that too insecure?
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31448 |
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Not possible. You need a bitcoin wallet to send and receive bitcoin. https://www.coinstreet.limited/i-store-bitcoin/ |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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thanks
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Passing Through
Champion Joined: 09 Jan 2013 Location: At home Status: Offline Points: 79532 |
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They send them out randomly as junk mail to people If you haven't received one yet, you likely will
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Passing Through
Champion Joined: 09 Jan 2013 Location: At home Status: Offline Points: 79532 |
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From an economist
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31448 |
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It must be hard even for drug dealers on the darknet setting a price with the large fluctuations. |
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31448 |
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Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31448 |
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I would use GreenAddress if I didn't want to pay for a hardware wallet. https://greenaddress.it/en/ |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Been having a read of some of the suggested info, and I was already confused, but this makes no sense ... aren't cryptos generated by miners who build blockchains that are essentially masses of impenetrable secure transactional records ?
So why don't the exchanges just operate within the blockchain environment ... cheaper and safer they reckon ... no? Should I just take a pin to the Magic Million Sale catalogue instead? |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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... someone?
Bitcoin: $64m in cryptocurrency stolen in 'sophisticated' hack, exchange saysMining marketplace NiceHash suspends operations while it co-operates with authorities over ‘professional attack’, urging users to change passwords |
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Passing Through
Champion Joined: 09 Jan 2013 Location: At home Status: Offline Points: 79532 |
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$19,000
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Time to move in ...
The ASX has announced that it will replace CHESS, software used for the clearing and settlement of equity transactions in Australia, with a distributed ledger (blockchain) solution.
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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$22,000 ... your money PT?
... might look at the other options ... should get a variety I suppose ... Rosscoe, Tlaz, when you guys are finished counting your "ill gotten gains", any thoughts on other currencies you would recommend alongside Litecoin ... Cheers!
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max manewer
Champion Joined: 30 Jan 2010 Status: Offline Points: 32947 |
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What to make of it ! Nice if you got in early, but then you are agonizing what to do. A good dilemma though.
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Rosscoe
Champion Joined: 02 Apr 2007 Location: Brisbane Status: Offline Points: 6124 |
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Tiaz, sorry missed your earlier post about which wallet? ....
My money is held on the BTC Markets exchange, I’ve checked security and am happy enough not to worry about a wallet. Particularly with the cold & hot wallet system they use. Also the two-factor code. Dr E, I’d be sticking with the Big Players,, “Bitcoin, Litecoin, Ethereum, Ripple.” Out of those after my own research Litecoin is my favoured pick after Bitcoin. Ethereum comes in 3rd, Ripple last. I know plenty of people speculating on the small caps,,, not for me! https://www.finder.com.au/litecoin |
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Current Stable - Soul Star & Adivinar + Lady Vega
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Come on Rosscoe, surely you have one speculative option to throw in the pot ... you know I love a Roughie!!!
Might wait till next year to buy that share in a yearling ... might be able to buy a stable full by then!!! Thanks and good luck!
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Just quickly Rosscoe, no concern about the hack I posted about above?
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Rosscoe
Champion Joined: 02 Apr 2007 Location: Brisbane Status: Offline Points: 6124 |
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Dr E, the speccie is “Stellar Lumens” however I’m not a holder yet,,,, just watching quietly.
Saw that hack & attack.I think some of the exchanges are second rate, BTC Markets appears to be fundamentally very sound. I’m a small player, dipping my toes in. If I decide to become more serious I’ll talked the necessary precautions. |
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Current Stable - Soul Star & Adivinar + Lady Vega
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Rosscoe
Champion Joined: 02 Apr 2007 Location: Brisbane Status: Offline Points: 6124 |
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take the necessary precautions above
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Current Stable - Soul Star & Adivinar + Lady Vega
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