★☆ Get Help Here | The Ultimate Help Thread! | Free Giveaways ★☆ - page 2.

homm88

member

Activity: 70

Merit: 10

BTC/Doge

Quote from: nagabeler on August 31, 2014, 11:26:01 PM

Is it the most safe and profitable to invest bitcoin is just to trading it? buy low sell high?

I have invested in HYIPS , cloudmining, ponzis games, and all of them turn to be scams

when i asked about mining, most of the member here told me it is not worth it anymore

so what the best way to invest or earning BTC right now?

I do believe person-to-person trading and arbitrage over different markets is the most reliable way to increase your BTC amount. Just have to know how to get a decent percentage (5% is absolutely fine) of profit per trade, and absolutely do your best to minimize your chances of getting scammed. ( http://www.firenzee.com/bitcoin-otc-safety.txt is a good guide for newbies)

Price speculation can be a viable way to earn, but you need to have a tried and tested successful strategy if you want to make money and plenty of knowledge on it, otherwise you're just gambling.

JohnFromWIT

member

Activity: 112

Merit: 10

Quote from: nagabeler on August 31, 2014, 11:26:01 PM

Is it the most safe and profitable to invest bitcoin is just to trading it? buy low sell high?

I have invested in HYIPS , cloudmining, ponzis games, and all of them turn to be scams

when i asked about mining, most of the member here told me it is not worth it anymore

so what the best way to invest or earning BTC right now?

You'll see HODL written a lot on here,
It simply means buy and hold.
It's the best advice for the majority of us that don't know that much.
Later on if you learn enough you can try earning, but make sure you know what you're doing first.

nagabeler

full member

Activity: 126

Merit: 100

Is it the most safe and profitable to invest bitcoin is just to trading it? buy low sell high?

I have invested in HYIPS , cloudmining, ponzis games, and all of them turn to be scams

when i asked about mining, most of the member here told me it is not worth it anymore

so what the best way to invest or earning BTC right now?

devthedev

legendary

Activity: 1050

Merit: 1004

For every 50 questions asked I'll be giving away a product or service!
The next one up is a $200 Amazon.com gift card.
The card will be given to a random user who's asked a question or helped others in the thread!

devthedev

legendary

Activity: 1050

Merit: 1004

Quote from: bitkilo on August 30, 2014, 06:24:05 AM

Interesting thread dev, Just want to know what your thoughts are on mobile wallet security? I like to put a small bit of btc on my phone (coinbase wallet) when I go out just in case I see that 'bitcoin accepted' sticker.
I use 2fa and also encrypt my phone, anything else you can think of that I should do?
I only keep a small amount on phone but I'm far from rich and don't want to loose what little btc iv got.
Keep up the goods work.

Yeah, with 2FA and encryption you should be fine with holding a small amount of Bitcoin with Coinbase. However, if you're planning on holding for the long term I'd suggest using a cold storage device such as the Trezor or a paper wallet.

Quote from: jambola2 on August 30, 2014, 08:12:48 AM

Could you help me with a question of mine ? https://bitcointalksearch.org/topic/can-i-be-implicated-for-buying-a-steam-gift-759087

Quote from: jambola2 on August 27, 2014, 02:23:09 PM

Buying a steam wallet code can screw you over, if the seller used a stolen CC.

But can buying a steam gift implicate you in any way ? If the seller used a stolen CC, on maybe a new account, to buy a gift and give it to you ?

I would consider this a grey area. If you knowingly purchase a product that's been purchased with a stolen CC it's a felony in the US.

jambola2

legendary

Activity: 1120

Merit: 1038

Dev, you are going more and more into helping Newbs on the forums I see

Anyways, could you help me with a question of mine ? https://bitcointalksearch.org/topic/can-i-be-implicated-for-buying-a-steam-gift-759087

bitkilo

legendary

Activity: 1638

Merit: 1010

https://www.bitcoin.com/

Interesting thread dev, Just want to know what your thoughts are on mobile wallet security? I like to put a small bit of btc on my phone (coinbase wallet) when I go out just in case I see that 'bitcoin accepted' sticker.
I use 2fa and also encrypt my phone, anything else you can think of that I should do?
I only keep a small amount on phone but I'm far from rich and don't want to loose what little btc iv got.
Keep up the goods work.

devthedev

legendary

Activity: 1050

Merit: 1004

Quote from: Omikifuse on August 29, 2014, 08:46:23 PM

Quote from: bittown on August 29, 2014, 10:14:27 AM

How can I burn a cold storage wallet on a cd if I am running a live cd of ubuntu (only one cd slot avaiable)?

Have at least two cd drivers? Think there are some that are USB.

Or make a live USB instead?

That would work as well, the second method would overall be better. Faster boot, more reliable, etc.

Omikifuse

legendary

Activity: 1834

Merit: 1009

Quote from: bittown on August 29, 2014, 10:14:27 AM

How can I burn a cold storage wallet on a cd if I am running a live cd of ubuntu (only one cd slot avaiable)?

Have at least two cd drivers? Think there are some that are USB.

Or make a live USB instead?

devthedev

legendary

Activity: 1050

Merit: 1004

Quote from: bittown on August 29, 2014, 10:14:27 AM

How can I burn a cold storage wallet on a cd if I am running a live cd of ubuntu (only one cd slot avaiable)?

I don't believe it's possible. If anyone else has any ideas on whether it's possible or not feel free to chime in.

bittown

member

Activity: 64

Merit: 10

How can I burn a cold storage wallet on a cd if I am running a live cd of ubuntu (only one cd slot avaiable)?

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: thecast on August 29, 2014, 07:38:25 AM

If everyone gets told to forget about mining, who will do the mining until 2114? coz the current miners will be all dead by then Huh

People are not discouraged about mining in general. They are discouraged to mine with CPU. If u can set up your own GPU rig, U can still make some coins by pointing to a pool, not to mention ASICs are the best performer till date.

JohnFromWIT

member

Activity: 112

Merit: 10

Quote from: thecast on August 29, 2014, 07:38:25 AM

If everyone gets told to forget about mining, who will do the mining until 2114? coz the current miners will be all dead by then Huh

Whoever comes after I guess the current miners, it will likely me more like a business soon enough.
So people will go to work at the mines, work as maintenance and get paid a wage, while there will be heads of the company on top reaping the benefits and deciding what changes to make to the company direction.

Is it 2114 or 2140?

thecast

newbie

Activity: 56

Merit: 0

If everyone gets told to forget about mining, who will do the mining until 2114? coz the current miners will be all dead by then Huh

devthedev

legendary

Activity: 1050

Merit: 1004

I'm reviving this thread (:
Let me know if you have any questions!

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

Quote from: couchdive on June 19, 2014, 04:06:29 PM

First of all, thank you for this thread! My first post to this forum!

I want to learn about paper wallets and keys more, What is the best place to learn more about this process?

Whats the best way to learn by doing, without risking a lot of bitcoin?

Paper (and wood like the OP is offering) wallets are just another way to store BTC. There are any number of services out there that will allow you to create, or will create for you, such a wallet. You can print them from your home printer, burn them into wood, engrave them into metal, or just write them down by hand on a piece of paper.

Any wallet, be it paper, wood, metal, or electronic consists of two important parts: a public key and a private key. The public key is what you give to other people so they can send you coins. The private key is what allows you to access those coins and send them to others. Think of this kind of like your bank deposit box. Your bank will give you a key to open the box and deposit things. Only they have the key to open it from the other side and retrieve the deposits.

If you go to blockchain.info, they've got a pretty decent tutorial. Check it out here: https://blockchain.info/wallet/paper-tutorial

Mikez

hero member

Activity: 508

Merit: 500

Quote from: JohnFromWIT on June 19, 2014, 03:38:35 PM

When you Encrypt your wallet in bitcoin-qt.
What exactly are you encrypting?

You are encrypting your wallet.dat file, which contains the private keys. The keys are encrypted with an entirely random master key, which itself is encrypted using algos such as AES256 and SHA512.

You can find more details here: https://en.bitcoin.it/wiki/Wallet_encryption

couchdive

newbie

Activity: 3

Merit: 0

First of all, thank you for this thread! My first post to this forum!

I want to learn about paper wallets and keys more, What is the best place to learn more about this process?

Whats the best way to learn by doing, without risking a lot of bitcoin?

JohnFromWIT

member

Activity: 112

Merit: 10

When you Encrypt your wallet in bitcoin-qt.
What exactly are you encrypting?

devthedev

legendary

Activity: 1050

Merit: 1004

Quote from: PangPang on June 18, 2014, 02:07:37 AM

Quote from: Kprawn on June 18, 2014, 01:52:10 AM

Question:

Which wallet to use, that would all keep all the different Alt currencies and bitcoin. Grin

If you want a wallet to handle multiple coins, there is UfaSoft Coin (https://bitcointalksearch.org/topic/ufasoft-coin-multi-currency-open-source-client-for-windows-58821)
If you want a wallet to handle all coins, there will probably never happen, as we have hundreds of different coins and have new coins coming out everyday.

I wouldn't recommend UfaSoft, it's pretty gross.

The best way to go is to have different clients for each honestly.

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