thanks for the warnings.
Bitcoin and cryptocurrency trading thread
- Thread starter greggles
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Logged onto my server check on my EA's. surprised to see BTC continuing up pretty high. Those are pretty big bars (4H chart). ETH has gone up too, but not as clear trend from my chart. Interested to see how far BTC will go this time (now at $47k USD)
BTCUSD 4H
BTCUSD 4H
i don't fully get how usb ledgers work
the computer runs a trusted program on the ledger to generate a key. this private key is stored on the usb ledger ...
but if you lose your usb ledger, or the data gets jumbled somehow, how do you get the private key back??? it just seems better to have it down on paper or plastic paper as well, and not just on a usb stick.
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You also get a set of keywords you can use to rebuilt that key should your usb get damaged or lost.
yeah, it's interesting alright . wouldn't mind if it did drop. get a chance to rebuy it at a better price
wel
it's kind of scary doing transactions. you'd like to do them and NOT transfer a test (small portion) out, to check your account works both ways. That way u don't expose your private key until you need to use it.
but now i'm spending heaps of hours trying to transfer this little bit out using software wallets (test the private key). unless 14 usd is too small ... not sure what is up ...
after all those hours i learnt that i forgot to confirm through an email (or didn't see an email), but the transfer did go through in the end.
it's kind of scary doing transactions. you'd like to do them and NOT transfer a test (small portion) out, to check your account works both ways. That way u don't expose your private key until you need to use it.
but now i'm spending heaps of hours trying to transfer this little bit out using software wallets (test the private key). unless 14 usd is too small ... not sure what is up ...
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I noted elsewhere that yesterday while talking with my optometrist I discovered he (and his son) were waist deep into investing in crypto currency.
I've always believed these are essentially just big cons. One could certainly make a big buck if you were on the right side of the con or sell but ...nah.
This story makes great reading for those considering a punt. But really Why are they getting away with it ?
Case in point: Adam's foray into DeTrade. The touted technology behind it wasn't real. Nothing about the project was. DeTrade, for all intents and purposes, didn't exist. The LinkedIn profiles were fake, and the video of its CEO was a deepfake created with AI. It was a scam. Those behind it, operating in the unregulated world of crypto, vanished. Adam lost his $2,500, but he got off easy. In total, those behind the scam took in around $2 million.
Just a regular day playing with altcoins, says Adam.
Adam had seen some tempestuous trading in recent weeks. One person managed to flip $2,000 into over $40,000 on two different occasions, but lost it all to scams both times. Another put $150 in a coin and doubled his money in 15 minutes. Decent result, but his $150 would've turned into $28,000 if he'd waited only one more day.
www.cnet.com
I've always believed these are essentially just big cons. One could certainly make a big buck if you were on the right side of the con or sell but ...nah.
This story makes great reading for those considering a punt. But really Why are they getting away with it ?
Case in point: Adam's foray into DeTrade. The touted technology behind it wasn't real. Nothing about the project was. DeTrade, for all intents and purposes, didn't exist. The LinkedIn profiles were fake, and the video of its CEO was a deepfake created with AI. It was a scam. Those behind it, operating in the unregulated world of crypto, vanished. Adam lost his $2,500, but he got off easy. In total, those behind the scam took in around $2 million.
Just a regular day playing with altcoins, says Adam.
Million-dollar joke
Adam got into cryptocurrency in September. When we spoke, it felt like he'd crammed years of trading into two months. He put in $4,000 and lost it in days. Then he turned $3,000 into $90,000. After withdrawing a third of that and then losing just over another third, he now had around $20,000 in crypto.Adam had seen some tempestuous trading in recent weeks. One person managed to flip $2,000 into over $40,000 on two different occasions, but lost it all to scams both times. Another put $150 in a coin and doubled his money in 15 minutes. Decent result, but his $150 would've turned into $28,000 if he'd waited only one more day.
Forget Bitcoin: Inside the insane world of altcoin cryptocurrency trading
Many altcoins don't do anything, and some are scams. But average people are getting rich off them.
www.cnet.com
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I hadn't given much thought to crypto currency until yesterdays converesation with my optemtrist. But since then I have to say it looks like one gigantic, fast moving scam.
In that context I believe there could be a very quick blow off/crash across the crypto currency marketplace. So the next question is -
What would be the impact of such a crash on more traditional security/financial markets ? How exposed is the banking system to crypto currency ? Are brokers who also handle shares likely to fall off the perch in such an event ? What are the risks in the derivative market with these plays ? At what stage, if ever, will the SEC or Central Banks challenge the runaway madness of crypto currency and impose direct regulation ?
This analysis examines some of these issues and raises further concerns.
In that context I believe there could be a very quick blow off/crash across the crypto currency marketplace. So the next question is -
What would be the impact of such a crash on more traditional security/financial markets ? How exposed is the banking system to crypto currency ? Are brokers who also handle shares likely to fall off the perch in such an event ? What are the risks in the derivative market with these plays ? At what stage, if ever, will the SEC or Central Banks challenge the runaway madness of crypto currency and impose direct regulation ?
This analysis examines some of these issues and raises further concerns.
Stop dissing Tulips.... errrr I mean crypto, stop dissing crypto.
no impact. few players are in on it
i'm stuck. i did a little bitcoin transfer to a paper wallet (another address ,my own practice address, i'll put it in the sayings field of this post ...). the blockchain explorer registers this little amount of dollars. and now i just can't seem to view it / swipe/import it on a software wallet . tried several of them. i copied/pasted the private key, and also scanned it in. the software doesn't register the little 15 usd value. what's going on? loosing so much time on this little detail ...
the problem suggests that the private key doesn't work or is wrong. i got a print out of it - side by side both QR codes, straight from printer, so the key must be correct. maybe the amount of money is too small? nah ... any ideas , anyone ?
the problem suggests that the private key doesn't work or is wrong. i got a print out of it - side by side both QR codes, straight from printer, so the key must be correct. maybe the amount of money is too small? nah ... any ideas , anyone ?
Blockchain.com Explorer | BTC | ETH | BCH
The easiest and most trusted transaction search engine and block explorer.
link for blockchain explorer
(maybe if there was a conversion thing online, where you input the private key and it derives its public key , for checking...)
just to update i've had some success with other key pairs i got from different websites, and various software wallets.
just disappointing that on mobile app (using this for testing) seems to hide the private key (after doing a sweep), and then charge a fair bit for transfers.
just disappointing that on mobile app (using this for testing) seems to hide the private key (after doing a sweep), and then charge a fair bit for transfers.
what wallet were you using?
BTC Official Wallet - A Comprehensive Guide
www.btcofficialwallet.org
this is where i generated the paper wallet with public address copied in my signature . there is about 15 dollars there, and i have the private key, but can't seem to register it or withdraw it from electrum/other wallets. They record no funds in it. I'll try again soon.
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A couple of years ago, i did use paper wallet and it worked but was cumbersome and easily error prone.i now used a usb like Ledger.
Dyor but i believe that is an easier way and reasonably safe
I'm starting to think that as well. u just hide the magical words. I assume you can just derive them any time by googling the BIB protocol ...
dk but i think the usb ledger protects some memory spot that other programs can't touch (a hardware feature). so super secure. i guess in the beginning we get a paper wallet to get going, but yeah, your way is much faster .
Isn't there a transfer fee you get slugged with?
Is it because there isn't enough in the wallet?
I usually only transfer around eth or xrp as they are fast. In xrp case I think its 15xrp that needs to be left in the wallet. Eth had fees on the transfer.
Bitcoin was slow and expensive from memory.
Is it because there isn't enough in the wallet?
I usually only transfer around eth or xrp as they are fast. In xrp case I think its 15xrp that needs to be left in the wallet. Eth had fees on the transfer.
Bitcoin was slow and expensive from memory.
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From ledger stock to btc market, this evening $17 usd to transfer 0.2 btc
Decided to cash some profit
