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Showing 13 of 13 results by golfdoug
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Topic
Board Altcoin Discussion
Re: 5k to invest in crypto .
by
golfdoug
on 22/01/2018, 01:36:42 UTC
You can check out this, very useful guide to gain understanding on the different technology used in different blockchain
https://mycrypto.guide/
Good read.

Top 10 coins are usually good investment coins, but don't expect it to multiply in value in short time frame. Also, these coins will fluctuate a lot in value, so be prepared to hold it for a long time and ignore short term volatility.


When you click on MyCrypto Guide you receive an AVAST warning that a Virus / Malware comes from this website.  Be Warned.
Post
Topic
Board Altcoin Discussion
Re: Summary of the Top 30 altcoins and assets
by
golfdoug
on 21/12/2017, 17:01:28 UTC
I have been doing alot of research on ICO's as you will have noticed on the landing page of www.coinXca.com
I believe ICO hold great investment hope, but picking  one to invest in is a shot in the dark.  Here is a page that shows ICO sites.
https://www.coindesk.com/the-ultimate-list-of-resources-for-researching-and-launching-icos/
I am no further ahead reading each list as the authors don't select the next ICO winner.  Regards, Doug
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Topic
Board Bitcoin Discussion
Re: How to explain bitcoin to teenagers or children
by
golfdoug
on 16/11/2017, 15:00:04 UTC
Bitcoin is the largest virtual crypto currency that is like your imaginary friend that only other bitcoin believers can see.  Bitcoin is a global currency that continues to rise even when you sleep because somewhere in the world a Bitcoin believer discovers it and makes their first purchase, pushing the price higher.
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Topic
Board Bitcoin Discussion
Re: Too late to invest in cryptos if you're old?
by
golfdoug
on 16/11/2017, 14:39:22 UTC
What are you going to do with your time?  If you are like me ( I am 70) you need a hobby and following Bitcoin is alot more exciting than following the Nasdaq stock market.  If you believe this guy you can leave your kids or your dog a single Bitcoin and be a hero.  Bitcoin Prices Could Reach $196,165.79  https://lendedu.com/blog/investing-in-bitcoin
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Topic
Board Mycelium
Re: Mycelium BTC to Altcoin Wallet without lengthy registration?
by
golfdoug
on 20/10/2017, 22:56:18 UTC

Thanks TryNinja and HCP for your quick reply.  When I downloaded mycelium app onto my phone it did not ask any registration questions, no name, no address, no email address, no sin, no drivers licence, no passport or fingerprint type connection to myceleium Account 1 on my phone.  When I went to the coffee shop Bitcoin ATM and began feeding in CDN$100 bills, the ATM asked me to hold up mycelium QR code to the camera and then input my cell phone number into the ATM. It sent me a verify number to enter. Now there is an association between my phone number, mycelium QR code and my Bitcoin pile in mycelium account.  Even though the ATM has a place to scan your passport and do a fingerprint scan, we in Canada are not asked to provide any Registration for ownership of the account as long as we do not put more than CDN$3000 per transaction so 0 to $400,000. is no questions asked.

Now I would like to open a NEW non-celium wallet that allows me to purchase Ether, Dash, Ripple & Litecoin currencies with the BTC in mycelium account that Mycelium does not offer.  My question is there a wallet out there that does not ask 20 questions?  The only Exchange / Wallet I have found is Bitfinex.com   I got this information from https://sites.google.com/view/crypto-coins/  Regards, D
Post
Topic
Board Mycelium
Mycelium BTC to Altcoin Wallet without lengthy registration?
by
golfdoug
on 20/10/2017, 18:15:57 UTC
If I have BTC in mycelium wallet on my phone, is there a way to download a different wallet that offers  Ether, Dash, Ripple & Litecoin and transfer some of my BTC from mycelium to new wallet without going through a registration process?  mycelium appeal was the lack of 20 questions to setup. What would that other wallet/exchange be? D
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Board Bitcoin Discussion
Re: What are the most common uses of Bitcoin?
by
golfdoug
on 18/10/2017, 04:46:35 UTC
Assuming you bought Bitcoin because you heard/think it will increase in value, why would you want to spend them to buy something with such a valuable currency?  I am also assuming this is not your only savings or have drained your savings account and are counting on Bitcoin to increase before your rent is due.  Just one person's view.  D
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Topic
Board Bitcoin Discussion
Re: The Coming Fork(s) Safety For BItcoins
by
golfdoug
on 18/10/2017, 04:34:59 UTC
Just a question from a newbie.  If I empty mycelium wallet and convert purchases to a Paper Wallet (creating Paper Certificate Notes) when they begin giving out fork perks ( new coins ) will Paper Bitcoins be eliminated from distribution because my Bitcoins are not visible online?  Tks
Post
Topic
Board Altcoin Discussion
Re: what is the safest way to protect you bitcoins?
by
golfdoug
on 11/10/2017, 03:40:58 UTC
the safest wallet is the offline wallet but there is still a risk that if the pc where you keep the offline wallet is destroyed then you can not do anything

Are you saying that if I purchase a Ledger Nano S, plug it into my HP laptop, set the two up use my Samsung S7 phone to buy bitcoin from an ATM, load the code & key onto my Ledger Nano S and then have my HP laptop stolen that all Bit / Altcoin on that PC are just gone?  As I understand it I have to set up a Hot Mobile Wallet to interact with the the ATM scanner and then transfer it to my PC.  Tks
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Topic
Board Trading Discussion
A day in the life of a Bitcoin Trader
by
golfdoug
on 01/10/2017, 18:27:44 UTC
Define "Trader" for me, Please.
I am a newbie and have bought stocks for over 50 years.  I am excited to buy my first bitcoin, but the old school concept of buy and hold kicks in so where does the "Trade" part kick in?  Can you give me a step by step, "A day in the life of a Bitcoin Trader". ie - I set up an account with the Coinbase Exchange and then to stay in sync, I registered for a Coinbase wallet and then bought a Ledger Nano S for security and only then tentitively bought $50 worth of Bitcoin from a Bitcoin ATM machine at the Exxon Gas Station at the corner of Alpha and Beta in downtown Chicago.  I held up my iphone to the QR code on the screen and my Bitcoin software grabbed the encryption code ....  well you get the idea.  I need a step by step primer as to what the "Trader" does to Trade.  Thanks for reading. 

I posted this on another subject, so please excuse me if it is cross-posted.  D
Post
Topic
Board Trading Discussion
Re: how to start to trade bitcoin?
by
golfdoug
on 01/10/2017, 15:32:58 UTC
Define "Trader" for me, Please.
I am a newbie and have bought and sold stocks for over 50 years.  I am excited to buy my first bitcoin, but the old school concept of buy and hold kicks in so where does the "Trade" part kick in?  Can you give me a step by step, "A day in the life of a Bitcoin Trader". ie - I set up an account with the Coinbase Exchange and then to stay in sync, I registered for a Coinbase wallet and then bought a Ledger Nano S for security and only then tentitively bought $50 worth of Bitcoin from a Bitcoin ATM machine at the Exxon Gas Station at the corner of Alpha and Beta in downtown Chicago.  I held up my iphone to the QR code on the screen and my Bitcoin software grabbed the encryption code ....  well you get the idea.  I need a step by step primer as to what the "Trader" does to Trade.  Thanks for reading.  D

every beginner must be afraid of loss in trading bitcoin.
do you have any suggestions or feedback on how to successfully trade bitcoin?
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Price varies - Who's to use?
by
golfdoug
on 13/09/2017, 15:52:05 UTC
Thanks Danny
So does that allow a "Trader" to sell their bitcoins on one exhange and buy bitcoins at a lower price on another exchange?  Just trying to understand the buy / sell basis.  D

>They are all accurate.

>Each site has a different price, and they accurately report their price.
Post
Topic
Board Bitcoin Discussion
Bitcoin Price varies - Who's to use?
by
golfdoug
on 13/09/2017, 15:15:39 UTC
I have noticed prices vary for the current price of BTC on various websites.
Is there a way to have one "more accurate" quote for the same Bitcoin?