bitcoin

Discussion in 'Betting and Gambling' started by shelfboy68, Dec 18, 2015.

  1. HildoSpur

    HildoSpur Likes Erik Lamela, deal with it.

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    If you have got a decent amount of coins I highly recommend getting a hardware wallet - You should never keep all your coins on an exchange - even coinbase imo. You can get a ledger nano S for about £60 and it's worth it.
     
  2. felmani26

    felmani26 SC Supporter

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    Is that effectively like backing it up onto an external hard drive?
     
  3. HildoSpur

    HildoSpur Likes Erik Lamela, deal with it.

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    In a way, though it uses bank level encryption and ensures that you have control of your private keys rather than an exchange or software wallet. It essentially takes your coins off-line and safe.
     
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  4. Speedy

    Speedy Active Member

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    Paper wallets are really easy and free, you just make your own and print off and put in a safe or something. You enter the address in a block explorer and bookmark it, so you can see your balance and send funds to it online. However, I prefer the usb in some ways because I feel like paper wallets are single use and stick is a bit more advanced.

    Not much in it, as long as your laptop has no bugs or spyware its all good
     
  5. jonnyrotten

    jonnyrotten SC Supporter

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    Neo starting to pump, people are taking notice :) 2.5bn market cap compared to Ethereum at 50bn is so undervalued still.
     
  6. neilp

    neilp Well-Known Member

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    What is fiat?
     
  7. sly1

    sly1 Active Member

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    Normal money issued by a government. E.g. GBP or USD.
     
  8. neilp

    neilp Well-Known Member

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    Ah thanks, should have been obvious really.
     
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  9. Rob

    Rob The Boss Admin

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    That's not quite right.

    Fiat currency is currency that only has a value because it's guaranteed by the government issuing it, rather than being linked to and underpinned by a commodity with real value (like gold). USD used to be linked to gold so wasn't a fiat currency but they changed that a few decades ago.
     
  10. nuttynoah

    nuttynoah Well-Known Member

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  11. thebenjamin

    thebenjamin Well-Known Member

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    Just signed up to Binance -- can someone explain how you go about buying shit on there?
     
  12. neilp

    neilp Well-Known Member

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    I signed up to Bittrex today but couldn’t work out how it worked on there either...
     
  13. neilp

    neilp Well-Known Member

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    So, can I move my bitcoin money straight from Coinbase to Bittrex and then use that value to buy the smaller stuff?

    I’m sorry for asking lots of questions but want to understand what I’m actually doing.
     
  14. UncleBuck

    UncleBuck Well-Known Member

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    Okay, strap line on here for crypto, seriously thinking about purchasing but haven’t got a clue what to do, any advice chaps?
     
  15. SpursD22

    SpursD22 Active Member

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    Dembele likes to talk about bitcoins
    Around 3.28
     
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  16. HildoSpur

    HildoSpur Likes Erik Lamela, deal with it.

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    True, I jus
    Yep thats it - on Bittrex you buy alt-coins with your bitcoin.
     
  17. sly1

    sly1 Active Member

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    True. But in this context ("you can't but many cryptocurrencies using fiat"), I think he just means normal "bank account" currencies - not that it makes a difference whether the currency is pegged to a particular standard.
     
  18. mattyspurs

    mattyspurs The blind man

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    What do we all think about ICO's?

    I'm new to all of this
     
  19. Led's Zeppelin

    Led's Zeppelin Flaccid Member

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    I'm far from convinced about the ethics of Bitcoin, in that it is purely about wealth detached from productivity isn't it?

    On the other hand, there are probably more important things to worry about.
     
  20. olliec

    olliec Well-Known Member

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    Yes you can
     

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