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Showing 20 of 81 results by coinbitte
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Board Bitcoin Discussion
Re: How to safely store big amounts of BTC?
by
coinbitte
on 09/08/2019, 11:28:30 UTC
Hello,

Suppose I would expand my BTC portfolio to 10 or 15 BTC.....how would you store such a big amount of coins?

Ofcourse I would use a hardware wallet, but if I store them all on 1 wallet and I lose the wallet, or the house gets on fire and it burns, then I have lost those coins forever? Or are there still ways to get to the coins somehow in that case?

Would you advise to store let's say 15 BTC on 3 different hardware wallets (5BTC each), or would you spread it out even more? Ofcourse I'm not gonna buy more than max. 3 hardware wallets but in that case maybe 15 different laptop wallets (Electrum, Jaxx, Exodus etc.) with 1BTC each on it is safer?

I'm looking for the safest way to store a big amount of BTC and to minimize the risks of losing a big amount.

I've stored them on an old laptop, and never connect it online.
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Topic
Board Bitcoin Discussion
Re: Will You Advise Newbies To Enter Bitcoin Now?
by
coinbitte
on 27/07/2019, 01:42:58 UTC




The general sentiment of the market is getting very positive on Bitcoin as it is experiencing some upward movement. A lot of people are expecting that Bitcoin will soon breach the $6,000 level and can possibly go beyond that level in the coming weeks and months...and there are those already predicting of $8,000 or even $10,000 before 2019 ends. I know this is just another speculative notions but this can be reflective of the ongoing confidence the market has on the King of Cryptos.

With this backdrop in mind, will you advise a newbie to bitcoin to enter at this stage so he can be able to ride the coming "boom" or will you tell him to wait some more until the market is dipping?




Sure, I've brought more than 20 people to the bitcoin world.
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Topic
Board Bitcoin Discussion
Re: What do you think about the price of Bitcoin if Donald Trump can ban Bitcoin ?
by
coinbitte
on 27/07/2019, 01:40:20 UTC
US President Donald Trump Says He’s ‘Not a Fan’ of Bitcoin





so if Donald Trump has the power to ban Bitcoin, what happens to Bitcoin in the future? the price of Bitcoin will continue to fall and die or the price of Bitcoin will continue to grow and increase? let's give your opinion because I want to hear your response.


The problem is that NO body including Donald Trump, can ban Bitcoin.
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Topic
Board Bitcoin Discussion
Re: How to safely store big amounts of BTC?
by
coinbitte
on 27/07/2019, 01:33:32 UTC
Hello,

Suppose I would expand my BTC portfolio to 10 or 15 BTC.....how would you store such a big amount of coins?

Ofcourse I would use a hardware wallet, but if I store them all on 1 wallet and I lose the wallet, or the house gets on fire and it burns, then I have lost those coins forever? Or are there still ways to get to the coins somehow in that case?

Would you advise to store let's say 15 BTC on 3 different hardware wallets (5BTC each), or would you spread it out even more? Ofcourse I'm not gonna buy more than max. 3 hardware wallets but in that case maybe 15 different laptop wallets (Electrum, Jaxx, Exodus etc.) with 1BTC each on it is safer?

I'm looking for the safest way to store a big amount of BTC and to minimize the risks of losing a big amount.

I'd store them on offline devices.
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Topic
Board Bitcoin Discussion
Re: How much BTC you own?
by
coinbitte
on 26/07/2019, 07:05:50 UTC
More than you can imagine, hahahaha ... Wink
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Topic
Board Bitcoin Discussion
Re: Do you think satoshi will ever come back and post on this forum?
by
coinbitte
on 26/07/2019, 07:05:03 UTC
I think he or she will, something in my heart tells me they are still alive. I don`t think they will reveal their location or who they are, but I do think they will post on this forum in the next 5 years. It is only a matter of time before some big big rogue miners or bitcoin devs do something he or she do not like or see`s a problem with and they will have to come back and have a voice in the matter.

It will probably start by him or her saying something like this.

"Keep using the longest chain" or maybe "use this chain instead from now on"

I did a poll earlier a few months ago I think 19 out of 20 people said they would use whatever satoshi said.

Do you thank Satoshi is a he, a she or even a they?
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Topic
Board Bitcoin Discussion
Re: Only a Crime Tool
by
coinbitte
on 26/07/2019, 07:03:30 UTC
The amount of news on hacking, money laundering, drug trafficking and others that involve cryptocurrency or bitcoin seems to never run out. has become a natural law there are always two sides to this life. There is a right there left, there is a good one that is bad. so also in the world of crypto, bitcoin and others. But we must agree together that all return to their own people, want to use it all for good or evil. So there is no side of crime in bitcoin, because bitcoin is just a tool used. The evil is the human mind that directs it.

Well, you can say that any type of money is a crime tool.
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Topic
Board Bitcoin Discussion
Re: With the price increase, again, should we consider moving from BTC to mBTC?
by
coinbitte
on 04/05/2017, 12:38:57 UTC
With the increase in bitcoin price, I think we should seriously consider using mBTC?

For example, if I am buying a $5 coffee, it will cost 0.0033 BTC now... Too many zeros behind the dot! Isn't it better if we use 3.3mBTC for a coffee? At least this is easier for someone with poor math like me...

Yes, that makes sense, especially the fees. Now the fees are so high to make a transaction.
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Topic
Board Bitcoin Discussion
Re: How many ways are there to earn bitcoins?
by
coinbitte
on 04/05/2017, 12:21:44 UTC
~snip~

Also it depends on how much you are going to invest. Because if you are able to invest in mining rig then it's very possible that you can earn more. But mining nowadays is not more profitable. You can now try to mine alt coins but choose only those alt coin that is very profitable.

Yeah mining bitcoins doesn't make any sense now so its better to mine altcoins that have good reputation so I will prefer to mine etc, eth and xmr as those are the coins that will survive in long term.

Good thing that there's an alternative for mining. And if you want to keep on mining you can just simply mine those coins and I prefer to mine with Zec it's profitable as my friends are telling me. But I'm still into saving my capital because the amount needed is that high. After mining, just sell it when the price of bitcoin is high or you can see it's profitable.
Many say cloud mining is a scam because many are using the HYIP system and to make rig mining requires quite expensive equipment, I think to altcoin/ico better investment than mining.

Those so called cloud mining take a lot of maintenance fee from investors, I saw many people complaining that they are losing money on genesis mining.   
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Topic
Board Bitcoin Discussion
Re: Why should people use Bitcoin?
by
coinbitte
on 02/05/2017, 18:44:49 UTC
Bitcoin is the future of money, or so they say.


I would like to hear your opinions on Why should people use Bitcoin?



I use bitcoin because of the low fee, and many investment sites accept deposits via bitcoin.
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Topic
Board Bitcoin Discussion
Re: How many ways are there to earn bitcoins?
by
coinbitte
on 02/05/2017, 18:42:15 UTC
this all sounds like: go to play and you will earn... or loose
so I think BTC - is just a toy for all of you. Are here anybody who do some BTC business? what was it?

A toy, oh no, as a kind of money, bitocin will never be a toy for me.  But maybe money IS just a toy for those billionaires.
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Topic
Board Bitcoin Discussion
Re: Why these two addresses keep transfering BTC between each other?
by
coinbitte
on 02/05/2017, 15:27:11 UTC

Transactions is still counting bigger and bigger.  Really don't know what the owner is doing and what's his/her purpose?

No. Transactions    773595    
Total Received    326,088.77442348 BTC    
Final Balance    368.78299926 BTC    


Edited: By researching a lot, I knew now, the addresses are a online wallet site's main addresses.
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Topic
Board Bitcoin Discussion
Re: How much maximum BTC can be sent in a single transaction?
by
coinbitte
on 02/05/2017, 15:21:02 UTC
21,000,000.. max

Correct answer! But what about fees?
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Topic
Board Bitcoin Discussion
Re: Why these two addresses keep transfering BTC between each other?
by
coinbitte
on 02/05/2017, 13:16:20 UTC
One simple search matches this thread:

https://bitcointalk.org/index.php?topic=1341027.120

You can start by addressing a pm to the guy that owns it:)
Although he hasn't been around for a long time.

That's not his address: https://bitcointalk.org/index.php?topic=1341027.msg13742145#msg13742145
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Topic
Board Bitcoin Discussion
Re: Japan to accept Bitcoin as payment method.
by
coinbitte
on 02/05/2017, 12:58:29 UTC
the first japan bill containing virtual currencies is expected to come on april which recognizes bitcoin as a method of payment.Although,it doesnot define bitcoin as a legal currency,it is still considered as a remarkable progress for bitcoin in japan.Hope, most of tourists who would go to japan to see 2020 olympics would be able to pay in bitcoins.

Is that to say no need to carry fiat currency from now on when traveling to Japan?  Grin Grin Grin
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Topic
Board Beginners & Help
Re: where can i buy bitcoins?
by
coinbitte
on 02/05/2017, 12:47:22 UTC
Hi bitcoiners! does anyone know where i can buy bitcoin with credit card or paypal at the lowest fees as possible... thanks!

Wherever you are, localbitcoins is a good choice for you.  Wink
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Topic
Board Bitcoin Discussion
Re: How do you store your bitcoins?
by
coinbitte
on 02/05/2017, 12:45:47 UTC
I am going to store them on a smart phone and keep the phone offline.
Post
Topic
Board Bitcoin Discussion
Why these two addresses keep transfering BTC between each other?
by
coinbitte
on 02/05/2017, 12:43:42 UTC
I found an interesting thing by coincidence, I found these two addresses keep transfering BTC between each other day after day:


I guess they may be change address for each other, but I am curious if fees is not the wallet owner's concern?

Edited: I knew now, the addresses are a online wallet site's main addresses.
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Topic
Board Bitcoin Discussion
Re: How many ways are there to earn bitcoins?
by
coinbitte
on 02/05/2017, 12:36:00 UTC
Recently, i earn bitcoin by BitcoinTalk Signature Campaigns.But there are many approach to gain bitcoin.

Like>>>>

 1. Faucet - Free Bitcoin

 2. PTC websites

 3. BitcoinTalk Signature Campaigns

 4. Bitcoin Trading

 5. Bitcoin lending

 6. Bitcoin Affiliate Marketing |


Most of these ways are time consuming.  Trading, lending and investing are the most profitable ones for me.  
Paid To Click website and Faucet website is just a waste of time  because you will not earn even a $1 a day in that day it depends only if you have so many faucet website to use but this way of earn money is not profitable, think about it 200 - 500 btc every 30mins after you claim the 500 btc you wait again for 30mins to an hour.
Lending is not profitable too, you need a big capital to try that way of earning bitcoins it's worth if you have a huge investment to put in your lending business.

Paid To Click website and Faucet website are source of free bitcoin, but it takes too much time to get even 0.0001 BTC. Not recommended.
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Topic
Board Bitcoin Discussion
Re: How many ways are there to earn bitcoins?
by
coinbitte
on 27/04/2017, 18:41:33 UTC
Recently, I've been trading bitcoins on btc-e, earning only a little, yes, very little, except the fees that btc-e takes.

Besides trading, are there any good method to earn bitcoins?   Thanks.
earning by trading is big . but you have to put many capital on start trade Smiley
untill now i am still like a trading , because this is simple way to earn bitcoin

Not really, I started to trade with not very large capital.