Thursday, December 12, 2019

Beginners - A guide to help you buy Bitcoin easily using different sites & exchanges

https://gocryptowise.com/blog/6-best-options-where-to-buy-bitcoins/

SatoshiLabs is 6 Years Today! We start a big Xmas giveaway!

Today we celebrate 6 years of SatoshiLabs in digital security and providing you with an ability to have your own bank. We will continue to delight our beloved consumers with innovations and thank each one of you for the support we get throughout all these years!

Along with our Birthday event, we decided to launch a big Xmas giveaway and invited amazing partners and Bitcoin companies you love to participate. Welcome BullBitcoin, Nodl, CryptoTag, CryptoSteel, CryptoCloaks, Blockstream, Excellion Proof-of-Hat, TravelByBit, Hodl Hodl, Bitpanda, Saifedean Ammous, Simplecoin, 99Bitcoins and Bitpanda!

Keep an eye on our Twitter profile (https://twitter.com/Trezor), there will be a giveaway every day starting from 12/12/19 till 12/24/19. Details: https://blog.trezor.io/a-very-crypto-christmas-with-trezor-bb5da5718f42

https://preview.redd.it/iacrvwqbh7441.png?width=4000&format=png&auto=webp&s=e5b2078d23e25a50273f7f8e394eeb9f04721ede

Thank you and good luck! <3


Bitcoin Cash Price (BCH) Holding Key Support But For How Long? - Bitcoin Exchange Guide

https://bitcoinexchangeguide.com/bitcoin-cash-price-bch-holding-key-support-but-for-how-long/

✅✅Bitcoin Price to Top $100,000 Declared by Jailed Bitcoin Pioneer✅✅

Tech Entrepreneur Anthony Pompliano said that he trusts that bitcoin will hit 100,000 dollars. In less than six months, BTC is going to see an important event called halving. The recent release of letters and articles, which his friends and family shared reveals that Bitcoin will enter the six-digit range. Ross Ulbricht, the creator of the silk road, was the first real use case for bitcoin.

#Bitcoincoin, #Bitcoin(BTC), #CryptoNews, #CryptocurrencyNews

​

Bitcoin


12-12 10:53 - 'If I'm looking to build financial freedom for myself with cryptocurrencies, what should I do?' (self.Bitcoin) by /u/lnneidig removed from /r/Bitcoin within 272-282min

'''

Investing in cryptocurrencies can be a great way for you to make a profit. However, investing in cryptocurrencies can still carry some risks with it. Learning how to reduce your risks as much as possible can make it so much easier for you to earn a profit, without having to worry about potential losses as much.

Pickout one strategy: Picking out a good strategy to work with will make all the difference when it comes to trading in digital currencies. There are many strategies that you can use, and the one you work with will often depend on your chosen cryptocurrency as well as with whether you wish to invest short-term or long-term. All of the strategies have the potential to make you money as long as you use them properly.

Understand the currency you are working with: Since all of these currencies work in different ways, it is important that you fully understand the way that your currency works before you join in. You need to know something about the currency and how it works.

Diversify your portfolio: Diversifying your portfolio means that you will put your money into at least two different investment types. The more investments that you can do at once, the less risk you are taking on. Another benefit of diverisification is that it can help protect you from yourself. Your crypto wealth is less likely to have large swings in value when it's diversified, so you are less likely to let your emotions guide your investment decisions.

Ask for help: Asking for help from someone who knows what they are doing, rather than trying to figure it all out on your own, can be the best way for you to lean how to invest properly.

Keep the emotions away from the investment: Keeping your emotions out of your investment if so important if you want to actually earn money. Emotions get in the way and make it almost impossible to make sound decisions on any of your investments.

Have an exit strategy: You should make sure that you have an exit strategy right from the beginning. This can help you to keep your emotions out of the game from the beginning and will make it easier for you to stick with your plan rather than losing money.

Investing in cryptocurrencies can be financially rewarding, but it's also risky. With the right crypto index strategy, you can try to reduce all the risks as much as possible.

In early 2017 we decided to design an index for the burgeoning cryptocurrency market. An independent team of mathematicians, quants and fund managers lead by Igor Rivin, Professor of Mathematics at Temple University and Whitehead prize winner 1998, and Carlo Scevola, economist and president of CS&P.

The purpose of this index would be twofold:

1) It would be a kind of a barometer for the cryptocurrency market.

2) It would be an investment vehicle which would allow an investor to participate in the growth potential of the cryptocurrency space and ultimately help them to achieve financial freedom.

We have decided to use top 20+ cryptocurrencies by market capitalization - the currencies below this cutoff are not very liquid and the top 20+ capture 90% of the total cryptocurrency market capitalization. The constituents of the index are weighted proportionally to the square root of their market capitalizations.

The index is completely rebalanced every quarter, and reweighed every month. This is necessitated by the rapid evolution of the cryptocurrency market.

The index is available at [Libertypool]1 , a borderless crypto investment platform. At [Libertypool.com]2 , you can start investing in the index from $500. From the beginning of 2015, the performance of the Libertypool index fund is up by around 7000%. In the same period, Bitcoin, by contrast, is up some 2500%.

I believe in the future of cryptocurrencies. So the best way to achieve financial freedom through cryptocurrency is to invest in a best risk-adjusted, high performance and diversified crypto index fund like this.

'''

If I'm looking to build financial freedom for myself with cryptocurrencies, what should I do?

Go1dfish undelete link

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Author: /u/lnneidig

1: lib*rty*ool.*om/*ut**so*rc*=quor*23
2: libert**ool.co*/*ut**sou*ce*quora*3

Unknown links are censored to prevent spreading illicit content.



12-12 11:03 - 'How I managed to get Bitcoin SV stolen' (self.Bitcoin) by /u/ole44bill removed from /r/Bitcoin within 27-37min

'''

Log of events leading to my stupid loss of Bitcoin SV coins.

  1. I discovered the Bitcoin SV in my Coinbase account. The only option they provided for this coin was to send it somewhere.
  2. I wanted to convert the coins to BTC in my blockchain.com account. But they don't support BSV.
  3. I found a site, changenow, that would convert the coins.
  4. Foolishly, I did not test the site. When it asked for the receiving address, I apparently entered blockchains address. The coins were sent directly to blockchain.com without converting to BTC.
  5. Since blockchain.com doesn't handle BSV, they never received them. The coins were in limbo on the Blockchain SV transaction chain.
  6. I searched the internet trying to find a solution to this problem. I could not find a simple solution.
  7. I contacted blockchain.com, describing the problem. Their customer support responded with a description of the situation and several suggestions. Their response was excellent.
  8. Based on one of their suggestions, I decided to use a desktop wallet that supported Bitcoin SV. By creating the wallet with the 12 secret words from my blockchain.com wallet, I hoped the desktop wallet would retrieve the coins.
  9. Recognizing the risk, I basically emptied my blockchain.com wallet.
  10. Since I had used Electrum, I decided to use their SV wallet.
  11. I found it, downloaded Electrum-BSV-4.0.4.exe, installed it. and elected to create the wallet by importing the Bitcoin SV secret words.
  12. After I entered the 12 words, the program failed to connect to the internet, so I tried again, and it failed again.
  13. I moved on to atomcwallet.exe. The wallet it created had its own 12 words, so I restored a wallet with the 12 words. My coins did not appear so once again I moved on.
  14. My next choice was Exodus on my Windows 10 computer.
  15. I created my wallets using the 12 words from my blockchain.com account. Effectively I created a clone of that account. I entered the words manually.
  16. I did a refresh in Exodus and the BSV coins appeared.
  17. Exodus has an exchange feature where you can convert one coin for another. There is a fee for this.
  18. Since I had pretty much emptied my blockchain.com before starting the process, I didn't have enough to cover the exchange fee.
  19. I transferred a small amount of BTC from Coinbase to cover the fee.
  20. I used the program to exchange the BSV for BTC. The exchange was going to take a while, so I closed the program.
  21. When I returned a few hours later I could see that the exchange had occurred, but the BTC had been sent somewhere.
  22. I was confused and ultimately contacted the Exodus support team.
  23. A few hours later the rest of my BTC disappeared.

I worked for a while with the Exodus support team. Despite their excellent support, ultimately the coins were stolen in step 12 and not recoverable.

I made two mistakes as indicated in steps 4 and 12. In step 4, I should have tested the conversion with a small amount so I would understand the process. Had I done so, none of the rest would have been necessary. In step 12, I did not find the real Electrum SV product, but one apparently designed to steal your coins.

Ultimately, I did find an excellent desktop wallet, Exodus, with a great support team. I'll be using them in the future. I also learned more about crypto currencies and blockchain during the process. It's too bad the tuition was so dammed high.

'''

How I managed to get Bitcoin SV stolen

Go1dfish undelete link

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Author: /u/ole44bill


Weekly general discussion - December 12, 2019

Welcome to the weekly general discussion thread of /r/btcsv! Thread topics include, but are not limited to: General discussion related to the weeks events, questions that don't deserve their own thread. Please discuss prices in the Weekly Bitcoin markets and price discussion thread.