Topic: I just bought 100btc (Read 4081 times)

My metod for cold wallet.

Notebook never conect to internet to generate paperwallets, save directions as pdf to export to memory usb or mail encrypt.

Then use blockchain for watch only, if you need some bitcoins, input temporaly de key of one wallet direction and once used delete again the key.

Always can join to blockchain for ensure that bitcoins are save 

Very good, that's the spirit right there!!! Man this rollercoaster is really driving me crazy! But I stick to my coins, as well. I wish I knew when BTC was going to take a dip in advance, so I could've avoided some of the bad trades and pains of losing money. But that's the way things go, I guess!

If you don't want to download the whole bitcoin blockchain you could store your bitcoins in the multibit wallet. If you want to be extra secure you could create a multibit wallet on a pendrive as the linked article explains. In case the pen drive breaks you could make a cd backup of the files on there.

https://multibit.org/en/help/v0.4/help_runFromUSBDrive.html

I think that is to much to trust anyone with. Consider that you don't really know the people who are holding over $36,000 of your money. If they disappeared tomorrow, how would you recover any funds? And if they are robbed, they likely will not have any money to pay you back.

A better option is to set up a client wallet on a safe computer, and do it while not connected to the internet. Once it is installed you can generate a wallet and some receiving addresses. When that is done take out the wallet.dat file. I would make several copies and put one in a safe deposit box, mail one to your Aunt in another state, and bury one on property you own.

Now when you restart your bitcoin client software it will generate a new wallet with no funds. You can run this wallet to keep synced with the network. Without funds, it is safe.  Since you were not online when you made the first wallet, it has never been on the internet and can also be considered safe. Any BTC sent to the addresses you made will go to your offline wallet even though it is not online. You can check the balance by checking the receiving address at blockchain.info. All addresses can be checked this way.

If you want to spend your BTC. just drop in the offline wallet and restart the client. There is your money! Spend some then take out that wallet and put it back in storage. You may want to keep a spending wallet with a small balance that is easy to access. I do store some with a website so I can buy stuff with my mobile phone. My system is to keep the balance smaller than the value of the phone. If that money is stolen or hacked, oh well, at least i have not lost much.

100 BTC is more than a year's salary for me!!!

His name is roughly translated to "anus knight" in dutch which should be interpreted as I'm-gay-as-fuck.
He put 100 BTC on blockchain.info 

Don't take him too seriously plz
Don't feed the trolls!!

Congrats on joining the >100BTC club.

No they are not safe if they are exposed to the internet.

As with any assets, don't put all your eggs in one basket, diversify.

I keep less than 2 coins (for spending) on an Android device with the encrypted wallet.dat file backed up in multiple offsite locations. This a good use for obsolete ridiculously small flash cards.

I risk 20 coins by leaving them at an exchange with 2-part authentication, just in case I sense an unusual opportunity to profit from short-term trading, or in case I need some quick cash for an emergency.

The rest of my coins are kept safely in several dozen offline paper wallets. These are divided into several groups, each stashed in different trusted safety-deposit boxes. All paper wallets (public and private keys and QR codes) have been scanned, encrypted and kept in groups in multiple offsite locations.

Even if security is compromised in more than one location, I don't stand to lose more than a relatively small percentage of my coins.

Full disclosure: If this seems excessive, it is because I lost 50 coins at MtGox. Once bitten, twice shy.
___________

As for getting rich soon, I firmly believe that within 5 years you should see a tidy little profit. Just don't assume they'll automatically increase in price or value though.

Some unforeseen cataclysmic event could destroy the whole thing, but considering that many highly motivated people have had almost 6 years to try to break Bitcoin and it hasn't happened yet, it seems less likely to happen any time soon.

Good luck.

congrats man, soon you will stay richer.

What is this "blockchain" you speak of?

Another alt? New exchange?

No, as a matter of fact, everyone's bitcoins are just entries on the blockchain ledger and not stored either on a wallet site nor your computer.

With blockchain.info, your secret key needed to spend your bitcoins is stored at their site but encrypted. Only you (or malware javascript inserted by a third party) can decrypt it and spend your coins. So you are pretty safe if you validate your connection to blockchain, ssl certificates, enable 2FA, and that blockchain is not being hacked at the moment. Theoretically, you can be pretty much safe there, but I would not access your coins way too often. Every time you decrypt your wallet you are at a small risk. Make a completely separate wallet for spending. Look at bitgo for a safer alternative - where both you and the site has to be hacked to have your coins stolen. With blockchain.info, if they are hacked you are at risk - but you still need to visit the hacked site and decrypt your secret key for attackers.

Oh and did I mention 2FA? Use it, and backup the seed.

Your bitcoins are not stored on blockchain.info, they are stored on your computer (I think).

Best bet: Use an offline computer (or at the very least, take your computer of the network, turn off all of your apps) and run vanitygen or using your bitcoin client generate a public/private key pair. Copy that key pair to a CD (maybe 2, maybe just write it down). Do not save it on your computer. Send a majority of your bitcoins to that public address.

Also, check out localbitcoins.  You can sell for a good percentage for cash and go back and buy at the exchange rate. Make money off of your investment.

No but probably in 18 months time when the bitcoin halving.

If it falls to 200-250$, which is very possible - don't sell, if Bitcoin is technically there, it's destined for boom.

Smart move, congrats. Welcome to the club. Now do some research on how to keep them safe. Look at Armory cold wallet feature. Backup the wallet onto three encrypted USB sticks, keep them in different locations.

According to the current markets, you just catch the last step of the spacecraft took off, just wait for weeks, you will get riches!

Ain't this the whiny bitch who sucked off his daddy for cash to buy btc, then lost half of it on shitcoins?

LOL back for more.

Quit riding dicks for allowance and do somethin useful you pussy.

how many do you need to join this dragon club?






Lmao wtf is this bitch saying.. OP you should ignore retards like him. His moms gynecologist accidentally poked his brain too hard when he was still a developing fetus

This is not how blockchain.info works. Your private keys are encrypted on the browser side so if they are hacked then the attacker should not be able to access your funds. Your main vulnerability is a MITM attack faking the blcokchain.info website to get your identifier and password

There's always a chance they will get hacked, like anything.   I would seriously consider researching paper wallets, set up one or two you know are safe, test with a small amount of coin - and get your coins off blockchain.info just in case they are hacked.   I don't see them going the way of mtgox btw.

Obviously don't listen to known scammers and pump and dumpers.


The real money is to be made out side of exchanges and over the counter deals. Professionals are there if you where to find em.

As I said, do your own research, preferably outside of 'normal' crypto channels.