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Showing 20 of 79 results by woolm110
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Topic
Board Bitcoin Discussion
Re: Keep safe your Bitcoin from hacker
by
woolm110
on 10/08/2018, 13:24:08 UTC
This is such an easy thing to overlook, especially to new people getting into crypto. We hear so many stories about sites getting hacked that its not worth the risk, personally I store mine using a ledger nano s and it works perfectly for my use case
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Board Bitcoin Discussion
Re: Peak get lower and lower, and dips get worse
by
woolm110
on 09/08/2018, 11:56:06 UTC
Bitcoin massively surpassed all our expectations when it hit $20k, maybe its now finding its true value? I believe it has potential but it's a long game that we'll need to play if we're in it for investment gains (which let's face most of us are!). I still think long term it'll rise it just needs to battle this uncertainty we have at the minute, it's so volatile. Imagine if the ETF got approved, then it'd rocket!
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Board Bitcoin Discussion
Re: Why is Bitcoin making the world go crazy?
by
woolm110
on 09/08/2018, 11:53:46 UTC
People looking towards the future is 1 thing, how can we move away from these centralised systems we rely on some much and take back some ownership. The other in my opinion is just FOMO, people saw the heights it reached over christmas last year and now don't want to miss out on the "next big thing"
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Board Bitcoin Discussion
Re: Is keeping your money on Coinbase really that bad?
by
woolm110
on 09/08/2018, 11:51:47 UTC
Hacking is the main concern, its always best to keep your funds in hard or cold storage, that way you have full control over them and they're not prone to hacks or security breaches. I personally keep a small amount in coinbase but the majority of my funds are stored using the Ledger Nano S
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Board Bitcoin Discussion
Re: Didier Drogba Ambassador for cryptocurrency,implications?
by
woolm110
on 02/08/2018, 15:00:55 UTC
Totally, its the reason why companies market people, people sell their products. I see this as a good thing, the more exposure we get the more Bitcoin can grow
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Board Bitcoin Discussion
Re: Man sells house. Earns $20,000,000 from Bitcoins
by
woolm110
on 01/08/2018, 19:25:02 UTC
Can you imagine if it was worthless? He's one brave person to put his house on the line like that, fair play to him though, he's rich now!
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Topic
Board Bitcoin Discussion
Re: Your investment strategy?
by
woolm110
on 25/07/2018, 10:48:56 UTC
Just continue to hodl for me, I was fortunate enough to get in back in January 2017 when prices were comparatively low, as it stands I'm no longer looking to invest anymore so i'm just going to hodl and see what happens
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Board Beginners & Help
Re: The best way for newbies to buy bitcoin or ethereum
by
woolm110
on 25/07/2018, 08:49:59 UTC
For a complete Newbie I'd have to say stick with Coinbase, when any of my friends ask about buying them I point them in that direction. It's an easy entry point and the app is pretty easy to get up and running, once they'er familiar you can then look into other options like LocalBitcoins/Coinfloor
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Board Exchanges
Re: Safest way to buy BTC
by
woolm110
on 24/07/2018, 11:44:37 UTC
Not used one myself but if you want to be completely anonymous you could use a Bitcoin ATM, I believe you just need a wallet address. You can find a list here - https://coinatmradar.com/, other option is to buy them locally and in person from someone. Personally I've used Bittylicious which has worked well, you do need to verify your identify though
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Topic
Board Speculation
Re: BTC is back ? is that good time to invest ?
by
woolm110
on 23/07/2018, 15:43:35 UTC
If you believe in bitcoin then any time is a good time to invest. My advice would be to average the buys out over a week and buy 20% each day, that way you're not locking into a fixed price and can guard yourself against sharp drops
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Board Bitcoin Discussion
Re: Samsung start to accept Bitcoin on 3 countries
by
woolm110
on 22/07/2018, 18:44:29 UTC
If true that’s excellent news! We just need some more big companies to start adopting it and then bitcoin will begin to take off!
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Board Bitcoin Discussion
Re: Is it my impression or media is biased towards bad news ?
by
woolm110
on 20/07/2018, 07:41:48 UTC
Bad news scares people and sells better, they’re just manipulating for their own gain. It’s difficult because it’s hard not to pay attention to the media when it’s part of our daily lives, best way is to just take everything with a pinch of salt
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Board Bitcoin Discussion
Re: Invest into Bitcoin or bank
by
woolm110
on 19/07/2018, 23:15:00 UTC
I’d say both, bofh are investments and so diversification is important. Having a split between both means you’ll get the best of both worlds whilst minimising risk
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Topic
Board Bitcoin Discussion
Re: Why you should stay off from market prediction
by
woolm110
on 19/07/2018, 17:27:33 UTC
Biggest thing for me is hype, the media love to hype things up so it’s best to take everything with a pinch of salt, I’m holding all my coins anyway so it doesn’t affect me, when the times right for me to sell I’ll sell, I won’t be dragged into any speculation
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Board Bitcoin Discussion
Re: Is it possible to have bitcoin shortage?
by
woolm110
on 19/07/2018, 11:59:50 UTC
Well, that is part of the reasons why the price will skyrocket because the supply is limited. Just like gold. I think buyers and holders of bitcoin today will be mega rich billionaires in future once the supply declines

I hope so! I bought mine 18 months ago but ended up selling some, I really want to get back into the 21 million club, at the minute I only own half Sad
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Board Bitcoin Discussion
Re: What is best wallet for long term bitcoin holding?
by
woolm110
on 19/07/2018, 09:59:13 UTC
Either a paper wallet or a hardware wallet. Personally I use the Ledger Nano S which is great, I can store the private keys for multiple different coins (with new ones being added regularly) and access them securely with the device. There's also Trezor which is very similar, I haven't used that one though so can't comment on how good it is, I know it gets good reviews though.

Basically you need something secure and durable (if going down the hardware route), if going with a paper/offline wallet then somewhere secure to store your private keys!
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Board Speculation
Re: Did you buy bitcoin in December 2017?
by
woolm110
on 22/06/2018, 12:29:45 UTC
Luckily no, I’ve been quite lucky with mine, the majority of my coins I bought in January 2017, I was then able to sell half a bitcoin and recoup my whole investment whilst still holding lots of other coins, that felt pretty good
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Board Bitcoin Discussion
Re: Best way to store Bitcoin safely ?
by
woolm110
on 21/06/2018, 10:01:47 UTC
Offline wallets are the safest option but I personally use the ledger nano s because it allows me to store the private keys for multiple coins, important to remember that if you go down this route then you need to keep your backup codes in a safe place that no one else can access!
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Board Altcoin Discussion
Re: 99% OF ALL AIRDROPS ARE SCAMS!!!!!
by
woolm110
on 12/06/2018, 20:05:26 UTC
I’m currently part of the Pricvy airdrop and I’ve already received the coins from the first drop and I also received coins from the deep onion airdrop so I don’t think they’re all scams, the ones that are trying to solve a real problem and have good tech will be legit, the rubbish coins will be the scams
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Board Bitcoin Discussion
Re: Schools Are Officially Accepting Bitcoin for Tuition
by
woolm110
on 12/06/2018, 17:52:46 UTC
I love how much Switzerland are embracing crypto, this is great though, the more the ‘real world’ adopts it the More exposure bitcoin gets and the better it gets for us, the investors