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Showing 20 of 31 results by Alphaz841x
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Board Marketplace
Re: I've made 600k in Crypto - When to call it quits
by
Alphaz841x
on 20/01/2018, 12:42:31 UTC
Hi Guys

I've been in the crypto scene for many years now, first time post here over a dilemma I am facing.

So, I am fortunate enough to make 600k from buying and trading Bitcoin and other crypto assets, and I don't know what to do with the money. Personally I think this is the year I will become a millionaire, as I can only see the marketcap of all coins growing. But friends close to me think I am an idiot for not selling yet, and if it were to collapse to zero, I would never forgive myself. But they don't know the market like I do, and I do believe that it is only the beginning. They say I should sell 95% buy a house, a car and live a nice lifestyle. I am frugal, have always lived within my means and never spent any crypto money as of yet, but I am tempted to start spending some of it now. I am 26 years old, rent an apartment and drive a car worth less than most peoples pushbikes.

My portfolio currently looks like this....

43% Raiblocks
40% Oyster Pearl
5% Enigma
4%Dash
1.5% Bitcoin
and tiny holdings in Waves, Lisk, Stratis, Game.....

I think that both XRB and PRL can double easily this year.

This is not based on greed btw, I want to make enough money so I can buy my siblings houses and see them mortgage free.


What would you do if you were me? When do we call it a day and give up trading?

Many thanks for your help in advance.

You are a newby in the forum yet you´ve made a small fortune in crypto? Ok, let´s assume that´s true and thus my advice is sell half and keep playing with the other half.

In what way is being active on bitcointalk related to how much money you make on cryptocurrencies?
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Topic
Board Altcoin Discussion
Re: Wallet for Tether (USDT)?
by
Alphaz841x
on 20/11/2017, 09:38:08 UTC
I have seen many peer to peer eexchange market offering wallet for USDT. You may have to find them for yourself because I will not be offering freeb advert for any. Your cue here is P2P website

All the exchanges or tether itself offer only online wallet. I'm looking for a way to store them offline away from any risk of losing them.
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Topic
Board Altcoin Discussion
Wallet for Tether (USDT)?
by
Alphaz841x
on 20/11/2017, 08:08:56 UTC
Hey guys, i am struggling to find a way to store Tether (USDT) off the exchange.
Whenever i trade USDT pairs i feel uneasy leaving all that money on an exchange in USDT.

Any of you using Tether and know of a way to make offline storage for it?
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Topic
Board Beginners & Help
Re: [Guide] Handling splits: UASFs, BIP148, etc.
by
Alphaz841x
on 26/07/2017, 05:30:02 UTC
The risk begins after BIP 91 activates.

Hey, can i ask you one more question? Is the risk just about trading with people you don't know or overall sending transactions/receiving them?
I want to transfer my bitcoins from electrum cold storage to trezor, but not sure whether it's safe to do it now or is the risk we are talking about involving even the transactions i do to myself (from one of my wallets to another of my wallets).
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Topic
Board Altcoin Discussion
Re: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem)
by
Alphaz841x
on 26/07/2017, 02:47:01 UTC
If ICO continues for a year and 1000 millions EOS enter the market, don't you think the current price will dump soon to the underground? Please correct me if I'm wrong, but I see EOS as a disastrous investment.

200 million EOS entered the market in the first 5 day period and since then 2 million EOS are entering the market per day, price can go up and down until the end of the "ico" but personally I don't see any reason related to "ico" methodology for a price "colapse"/dump.

If we have an average price of $2 per EOS then we are talking about a total EOS marketcap of 2 billion at the end of the "ico"

How much is the total marketcap of the "problematic" and "obsolete" Ethereum right now? IF EOS delivers what it promises what will be it's marketcap? Everyone is calculating their risks and placing their bets accordingly...

I agree that buyers set the price, but EOS will be released in 11 months from now.

I do believe price of 2 USD per coin may hold for 11 months straight until the end of ICO.
I also believe that EOS might eventually go up during that period of 11 months because all altcoins are still very attached to our leading coins Bitcoin and Etherum and they will clearly rise.

I don't believe though, that this 11 month of ICO will do much good for EOS. It will be good for their pocket, they will have a lot of money and if they put that money to good use and deliver, good.
But there are projects that offer the same thing, smart contract projects that are out there already working and won't need 11 months before the start.

NEO the Chinese Etherum and Waves. Those projects have same market cap and are already out there to compete with Etherum.
I was going to invest hard on EOS but after doing some research i decided to go with NEO. I still believe in EOS though, Dan Larimer is a smart guy and both Bitshares/Steem are currently one of best blockchains out there in terms of transactions per second. EOS will have the very same thing and is to be able to handle more than Bitshares/Steem. The plan of weakening Etherum by building on it and then splitting from their chain is great too, genius to be said. And if they delivered on their promises then that is some big monster on the horizon, but 11 months of wait time is far too long in my opinion.

I'll make a bold statement and predict the market cap of EOS to be 7.4b$ at the end of ICO in July 2018.
That is a very positive prediction, actually. And even then it won't really matter, because other projects that are targeting Etherum will already be up there with 50b market caps.
And etherum itself probably around 100b alone.

So to sum it up - in my opinion buying EOS will be worth it in a long time hold and will already net a 3.5-4x ROI in a year from now.
Although i do believe, that other projects like NEO/Waves will net a way higher ROI within the same time period.
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Topic
Board Beginners & Help
Re: [Guide] Handling splits: UASFs, BIP148, etc.
by
Alphaz841x
on 23/07/2017, 01:02:38 UTC
The risk begins after BIP 91 activates.

Is it still safe to transfer bitcoins from online wallet to offline wallet?

Looks like it! BIP-91 activates in 53 blocks so you still have a few hours.
After that what will happen?

All nodes will stop accepting non-segwit blocks.
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Topic
Board Beginners & Help
Re: [Guide] Handling splits: UASFs, BIP148, etc.
by
Alphaz841x
on 22/07/2017, 21:35:00 UTC
The risk begins after BIP 91 activates.

Is it still safe to transfer bitcoins from online wallet to offline wallet?

Looks like it! BIP-91 activates in 53 blocks so you still have a few hours.
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Topic
Board Beginners & Help
Re: [Guide] Handling splits: UASFs, BIP148, etc.
by
Alphaz841x
on 22/07/2017, 20:54:04 UTC
Is the date of August 1st still an important date at which we should stop trading bitcoin, or with BIP91 locked in did anything change?
August 1st no longer matters. BIP 91 locking in changes everything. Now what matters is that miners must actually enforce the rules that they activated. The new rules (all blocks must signal for segwit) will activate tonight, so that means that from that point forward, we could potentially have a forking event. This will be mitigated if people start running software that enforces the BIP 91 rules, but there are very few nodes that are.

I have money on coinbase and want to buy in a dip but can't say for sure if i'm in any kind of a risk buying after BIP91 locks in (which is tommorow) or after 1st of August now that BIP91 will be locked in earlier?
The risk begins after BIP 91 activates.

Thank you, your reply was very helpful. I've read a few articles too and understand mostly what's happening.

I guess it's a good idea to back off from buying anything now.
Hopefully coinbase withdrawal system is as good as the deposit one, although sucks to lose all these conversion fees.
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Topic
Board Bitcoin Discussion
Re: Buy more bitcoin or wait for August 1st?
by
Alphaz841x
on 22/07/2017, 19:12:10 UTC
Can someone elaborate on whether August 1st is still an important date? Should we still stop trading shortly before August 1st goes in now that BIP91 will be locked in?
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Topic
Board Beginners & Help
Re: [Guide] Handling splits: UASFs, BIP148, etc.
by
Alphaz841x
on 22/07/2017, 19:08:31 UTC
So can someone please clarify what is going on?

Is the date of August 1st still an important date at which we should stop trading bitcoin, or with BIP91 locked in did anything change?
I have money on coinbase and want to buy in a dip but can't say for sure if i'm in any kind of a risk buying after BIP91 locks in (which is tommorow) or after 1st of August now that BIP91 will be locked in earlier?
Post
Topic
Board Beginners & Help
Re: [Guide] Handling splits: UASFs, BIP148, etc.
by
Alphaz841x
on 16/07/2017, 09:56:57 UTC
Hello guys, because cryptos are dropping now it's a good time to buy but i have one worry i have to ask about.

This guide says that we should not make transactions (send/receive) before 12 hours UASF/BIP goes in on 1st of August but i have read somewhere else that there's a possibility of bitcoins from non-segwit blocks being erased after UASF goes in and gets most of mining power. Does that mean i could possibly receive a transaction of bitcoin from non-segwit blocks and once UASF goes through those btc would just simply disappear?

If that is true, how do i protect myself and know WHEN exactly i am supposed to stop making transactions? I know the guide says 12 hours beforehand but i'm reading somewhere else that signaling of segwit started earlier than 1st of August, would that mean there's already risk in buying?

It's a great time to purchase because of all the drama, bubble popping but i want to be sure the bitcoins i buy are not gonna just simply disappear soon after.
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Topic
Board Speculation
When is it NOT SAFE to buy Bitcoin?
by
Alphaz841x
on 16/07/2017, 08:37:54 UTC
Bitcoin and other cryptos are going down which means it's a good time to buy. I want to purchase but i'm afraid of all the drama around 1st of August.

I have read that there is a possibility of someone mining on non-segwit version of Bitcoin and receiving bitcoins like these then a few weeks after UASF goes in and gets most of mining power all the btc from non-segwit version are going to get erased.

How do i know that bitcoin i am receiving now won't disappear once segwit goes in?
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Topic
Board Altcoin Discussion
Re: Is this the start of the bubble popping?
by
Alphaz841x
on 11/07/2017, 06:48:52 UTC
People are going crazy about the crash and i am here eating popcorn with a smile on the face.
A crash like that is the best time to get some profit and speaking about bitcoin, long-term holders do not care about this crash or any other in near future.
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Topic
Board Altcoin Discussion
Re: FunFair CEO publishes blog on Reddit, reaches top of EthTrader, FUN +25%
by
Alphaz841x
on 11/07/2017, 06:44:44 UTC
Looked into it and this project looks really solid. Statistics of other dice game etheroll is pretty impressive as well and this is gonna be higher quality with variety of games. They already have a website showcasing a preview of how it looks and you can play a game on it already with use of tokens. Neat stuff, ico ended just recently so there is still a lot of time for it to update and get better but looks solid.

Buying some coins today for sure.
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Topic
Board Wallet software
Re: Electrum? Trezor? Safety?
by
Alphaz841x
on 11/07/2017, 02:40:51 UTC
Grateful for the replies guys. I haven't tried any other methods beforehand or any other wallet, but i did not dump all my coins because exactly as you said, in case something didn't work. Everything seem to work fine so my BTC is already stored cold.

Thanks for the replies, guess i'll be just adding money to that bag of btc stored cold and won't swap to anything else for time being.
I definitely am interested in the Trezor though, when operating with big money an investment of 80-100 euros is nothing really and it seems to be incredibly useful and provides a lot of good functions.
Having a cold storage you can safely spend money from and also generate an additional security layer like you mentioned is interesting and i'll be looking into it for sure. Storing ETH at the same time sounds good too.
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Topic
Board Wallet software
Re: Electrum? Trezor? Safety?
by
Alphaz841x
on 10/07/2017, 23:57:59 UTC
If you're planning buy BTC and just holding it, it's safe enough to use paper wallet IMO.
It's safer to create the wallet on a clean VM (almost the same as formatting your pc) and offline.

Don't expect it reach $100K... so you won't be disappointed later...

Oh, and keep your private key (or the 12 words seed) in a place you'll remember in 5-10 years Smiley

I appreciate the reply but it's like listening to a spam auto-reply message when you contact customer support of some companies.

I know paper wallet is safe but i'm not interested in storing it on paper wallet due to my lack of printer. I'm looking to find questions to my answers that i posted in the first post.
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Topic
Board Wallet software
Electrum? Trezor? Safety?
by
Alphaz841x
on 10/07/2017, 23:21:23 UTC
Hello friends, i have recently joined the club and purchased some bitcoins. My opinion of BTC is pretty high and i believe this indeed is the future, and that it would be stupid of me to just ignore it.
So i just recently started but already own 1 BTC and plan to buy a lot more, though it would be irresponsible of me to go into it without any precautions and knowledge. I've read a lot and have a basic grasp of safety but decided to ask some questions as there is a lot of people holding for a long time already and i'm sure people have far more experience than me.

Note that all i want to do with Bitcoin is just store it until 2020-2025. I do not plan on withdrawing the money from this wallet beforehand and i just plan on adding money to it every week or month.

I have completely formatted my PC and disconnected it from Internet to create safe environment to create an Electrum wallet. After doing so i have transferred funds to it, saved the seed phrase and private keys on a brand new pen-drive that i also formatted beforehand just in case. I also have my seed phrase stored in a different safe place in case my pen-drive dies and i cant access it's data. I've put the pen-drive in my safe that is screwed to a wall, so i am technically safe from theft and fire. I formatted my PC once again to erase all data of Wallet being created.

How safe do you guys think is what i did? Is there a possibility of me getting my BTC hacked even though i did all this without internet connection, if i don't compromise the wallet by connecting it to internet?
Is there a possibility in future that 12-seed electrum phrases or electrum private keys stop being accepted by other services, so if Electrum magically dies i'd not be able to recover my BTC?
Is Trezor a better option than what i did there with Electrum? And if so, then how is it better?
Also, assuming i have 10 BTC on my electrum wallet and it's already 2025 where lets say price is 100.000$. It means i can cash-out 1m$.
Do you guys think that i should be using the signed signature thing that lets you pay with offline wallets?
Also i already went through that, and someone did calculations for me on how much it would take to crack electrum seed phrases but is it really so safe?

In case Electrum as a wallet/code/program dies and stop being updated etc. - are my bitcoins still safe? Will my private keys created on Electrum still be available for use on different platforms?
Post
Topic
Board Electrum
Re: Electrum Cold Storage
by
Alphaz841x
on 10/07/2017, 22:52:37 UTC
It is possible for the host machine to infect the virtual machine, its harder the other way round. Anyways, it is possible for the malware to record the screen and get your 12 word seed. Use one of your pendrives to run a live copy of Tails and you will be fine.

You can do whatever you want with the VM and the pendrive, just remember the 12 word seed. It is the most important thing in the Electrum cold storage. Pen drives can be prone to failure so I don't really recommend using them.

So just download Tails and do exactly the same thing just with cold wallet(no internet) on Tails and watch-only on a PC that's online.
Then store the wallet file on pen drives and remember + save the 12 word seed on a piece of paper in case of emergency.

That's gonna work and will be safe, right? Also, just wondering if the 12 word seed is the only thing that is required to get into a wallet, then isn't that not so safe?
There has to be at least 50-100 milion of people using etherum so it shouldn't be so hard to get into at least 1 wallet with random 10-20 combinations you write, no?
Yup,, just boot tails as a LiveCD. The 12 words seed is all you need to get into your wallet.

You're not the only one that thinks that way so I'll break it down for you, its quite simple. For a 12 word seed, there are 2049 possible english words. With the English words, there are 2049^12 possible combination of seeds. Assuming I can bruteforce seeds at 1 million seeds per second, I can run through 3.1536x10^13 seeds per year. I'll be able to run through the possible seeds in 1.7365884x10^26 years. In comparison, we have  7.5 x 10^18 grains of sand on earth.

Hey, i just remembered your calculations and was wondering about one thing.
Technically even if you can run through 3.1536x10^13 seeds per year, if you consider that there may be around 10 milion of electrum wallets set-up with different seed phrases it only makes it 3153600 seed phrases to go through to find at least one working wallet.
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Topic
Board Speculation
Re: 1st August questions - can you invest safely?
by
Alphaz841x
on 08/07/2017, 07:57:20 UTC
So im looking to invest into bitcoin and because it's hard to determine whether price will drop or raise after 1st of August i have decided to invest a certain percent now, and the rest after 1st of August.
Is it safe to buy Bitcoins right now, and by safe i mean - in case of a fork, i have read some things about a chain being completely neglected as if it never happened. Am i safe to buy my BTC now and send them to my storage or is there a possibility in which that transaction becomes "neglected as it never happened" and the btc will disappear from my wallet?
Is it safe to purchase Bitcoins after 1st of August or once a fork happens? Any catches or things i should be looking at?

Just don't want to screw myself over because of my lack of knowledge. Appreciate all replies!
There are currently more than 16M Bitcoins in circulation OP, what do you think? hard fork or not, you buying and investing or not, once coins are generated and later on transferred then included in blockchain they will remain there for ever. there is no neglecting transactions, what kind of an idiot says that?

I've simply read these things on another website and since i have no idea if they are true i decided to ask people around. Investing big amounts should not be done on a whim and i wanted to prepare and make sure it's completely safe before i put my money in. Really, no need to be passive-aggressive about that - either way thanks for the answer, just wanted to make sure.
Post
Topic
Board Speculation
1st August questions - can you invest safely?
by
Alphaz841x
on 08/07/2017, 07:07:59 UTC
So im looking to invest into bitcoin and because it's hard to determine whether price will drop or raise after 1st of August i have decided to invest a certain percent now, and the rest after 1st of August.
Is it safe to buy Bitcoins right now, and by safe i mean - in case of a fork, i have read some things about a chain being completely neglected as if it never happened. Am i safe to buy my BTC now and send them to my storage or is there a possibility in which that transaction becomes "neglected as it never happened" and the btc will disappear from my wallet?
Is it safe to purchase Bitcoins after 1st of August or once a fork happens? Any catches or things i should be looking at?

Just don't want to screw myself over because of my lack of knowledge. Appreciate all replies!