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03-09-2018 , 10:57 AM
Quote:
Originally Posted by ibavly
You're massively overthinking this but I'll try to work in your framework. In the auction case demand would go up.

Is there any price you would be willing to buy 1 btc? If yes, do you currently have a resting order on the order book? Why not?
I think the opposing argument is over thinking it. Yes, there is a price I would buy BTC.

No, I don't currently have an order in to buy, because I am too lazy to set up an account on an exchange and I don't particularly like crypto. No, hearing about hundreds of thousands of coins being sold on an auction wouldn't convince me to actually look into the auction enough to try to buy them.

AKA: I think they would have gotten very similar prices on an auction as they did on the market and nobody has presented an argument against this.
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03-09-2018 , 12:35 PM
Hey all has anyone recently bought the nano ledger s directly from the official website? I received it recently and got it expedited. Theres actually packaging over the box as imagine you buy a new iphone and you have to rip it or use a scissor to take out the packaging. Is this new? I recalled lot of people who bought a nano ledger s bought one where there is nohting over it and its just a box.


Also you guys would suggest sending tiny amount of btc first on it... then intentionally get the pin wrong and then reset it by putting in the 24 word phrase right... to make sure your btc is there? Then once you do that, send that tiny amount of btc back to say your electrum. Then do a complete reset of it again to generate a brand new 24 word seed? Then you send tiny amount of btc to it. Then do bigger amount. Then do last big amount? Also do most of you who use electrum use nano ledger s with the chrome app or use it with electrum? Someone i talk to say they use it with electrum because that way you could view the balance of the nano ledger s etc and its nice because you could control the sending fee etc with it and prefer it as oppose to the ledger chrome extension.


Thoughts on this?
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03-09-2018 , 01:33 PM
Quote:
Originally Posted by Nonfiction
Weird, BTC just dumped ~$1k at the same time as yesterday (~11:30)
Another dump at the same time today. Not as far because BTC has better support at this level.
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03-09-2018 , 02:24 PM
Is there a 2p2 equivalent for crypto discussion? Who are the most important people to read for general crypto knowledge?
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03-09-2018 , 02:55 PM
When you first set nano ledger up,

It has option what blockchain to use


Bitcoin vs bitcoin cash? Im certain you choose bitcoin and then you have to click remember my choice? Because when i dont check it... then the next step is legacy or segwit. Which one do i choose? I checked youtube and someone says segwit because its new and because fees are less and also faster. So check bitcoin and remember my choice then click legacy?


Because when i click bitcoin without checking remember my choice and then segwit... everytime i unplug my nano ledger s and plug it back in, it ask me every single time bitcoin or bitcoin cash and legacy or segwit.


I want to send btc from my electrum to the nano ledger s. So which of the legacy or segwit do i choose? Also if i plan to use nano ledger s with electrum... would there be issues if i choose segwit as oppose to legacy? I read legacy is the original bitcoin but segwit is different.


I also had bitcoin in my electrum wallet during the fork so after i transfer my btc to nano ledger, i want to claim my bitcoin cash by downloading electron cash on my computer. Then also send the bch to nano ledger s.


But at the moment im not sure of the legacy or segwit.
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03-09-2018 , 04:11 PM
Other than gox is there a public reason market is off so much last couple of days?
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03-09-2018 , 05:32 PM
Quote:
Originally Posted by Go Get It
Other than gox is there a public reason market is off so much last couple of days?
You think 20% is a lot for Bitcoin in 2 days?

If so you should put your money elsewhere.
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03-09-2018 , 06:05 PM
Quote:
Originally Posted by PaulyJames200x
Hey all has anyone recently bought the nano ledger s directly from the official website? I received it recently and got it expedited. Theres actually packaging over the box as imagine you buy a new iphone and you have to rip it or use a scissor to take out the packaging. Is this new? I recalled lot of people who bought a nano ledger s bought one where there is nohting over it and its just a box.


Also you guys would suggest sending tiny amount of btc first on it... then intentionally get the pin wrong and then reset it by putting in the 24 word phrase right... to make sure your btc is there? Then once you do that, send that tiny amount of btc back to say your electrum. Then do a complete reset of it again to generate a brand new 24 word seed? Then you send tiny amount of btc to it. Then do bigger amount. Then do last big amount? Also do most of you who use electrum use nano ledger s with the chrome app or use it with electrum? Someone i talk to say they use it with electrum because that way you could view the balance of the nano ledger s etc and its nice because you could control the sending fee etc with it and prefer it as oppose to the ledger chrome extension.


Thoughts on this?
I am not sure how you reset it, but if it involves typing your pin in the computer don't do that. But either way, that is a little over kill. The pin is displayed on the little screen. Just triple check your work when you write it down. You can scroll through the words to make sure you got them right as many times as you need.

I chose segwit
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03-09-2018 , 06:20 PM
Hi there i did reset it when the nano ledger connected to the computer. I did this several times as people say reset your nano ledger s after you get it just in case it is compromised.


Well i have done that and wrote down the 24 word phrase and my pin number. I then tested a tiny amount of btc from electrum to the nano ledger s. I chosed segwit. I then tried a bigger amount and it got to the nano ledger s. Now i have another issue. When you click on the receive tab in the ledger wallet bitcoin, it shows the bitcoin address that you want to receive from. This address changes right? Because the few transferr i did from electrum to nano ledger s was a different receiving address on nano ledger s. I then saw online there is something called man in the middle attack. What confuses me is when you click on receive bitcoin... according to the video, there is 3 icons... one is for email, one is to print and one is a monitor logo. In the video they say when you copy the btc address that you want to send btc to or have someone send btc to you, make sure you click on that monitor because that would then display the btc receiving address you are giving someone to send to. There is only 2 icons on my screen when on the receiving address. The email and the print page etc. Can someone tell me why there is not that 3rd icon that shows in the videos on youtube? I clicked on the same receive tab on ledger wallet bitcoin.
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03-09-2018 , 07:51 PM
Quote:
Originally Posted by NewOldGuy
You think 20% is a lot for Bitcoin in 2 days?

If so you should put your money elsewhere.
Under your bed obv.
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03-09-2018 , 08:37 PM
Quote:
Originally Posted by PaulyJames200x
Hi there i did reset it when the nano ledger connected to the computer. I did this several times as people say reset your nano ledger s after you get it just in case it is compromised.


Well i have done that and wrote down the 24 word phrase and my pin number. I then tested a tiny amount of btc from electrum to the nano ledger s. I chosed segwit. I then tried a bigger amount and it got to the nano ledger s. Now i have another issue. When you click on the receive tab in the ledger wallet bitcoin, it shows the bitcoin address that you want to receive from. This address changes right? Because the few transferr i did from electrum to nano ledger s was a different receiving address on nano ledger s. I then saw online there is something called man in the middle attack. What confuses me is when you click on receive bitcoin... according to the video, there is 3 icons... one is for email, one is to print and one is a monitor logo. In the video they say when you copy the btc address that you want to send btc to or have someone send btc to you, make sure you click on that monitor because that would then display the btc receiving address you are giving someone to send to. There is only 2 icons on my screen when on the receiving address. The email and the print page etc. Can someone tell me why there is not that 3rd icon that shows in the videos on youtube? I clicked on the same receive tab on ledger wallet bitcoin.


To those of you with the nano ledger s, when you click on receive in the ledger wallet bitcoin app which is the 3rd tab, do you have 3 green icons or 2? The 3rd one according to many youtube videos is a monitor logo and when you click on it, the btc address displaying on the bitcoin address would match the one on the nano ledger s.


There is no green icon there for me to click. Literally every single video i seen or pictures of someone posting their ledger wallet bitcoin has that icon. Is there a chance my nano ledger s is defective? I already sent some btc from my electrum to the nano ledger s and its showing there. But i dont want to send anymore unless im sure of this.
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03-10-2018 , 09:00 AM
It's not that Pauly is mentally deficient but he talks to us like we are.
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03-10-2018 , 11:04 AM
I am not sure what your talking about. I clicked receive and a bitcoin address popped up with a barcode. I send my bitcoin to that address. And that's it.


Make sure to reinstall your computers operating system after watching bitcoin how to videos, cause now your entire life is for sale on TOR.
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03-10-2018 , 02:06 PM
Hi there. The reason i had this issue was because when i installed the nano ledger that day, there was an update where thats why i only had that difference screen without that barcode etc.


I the installed the new update and now everything is good now.
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03-11-2018 , 11:00 AM
https://medium.com/binanceexchange/b...y-58845d860afd

binance is the liam nielson of cryptocurrency
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03-11-2018 , 04:41 PM
How did/are you guys handling taxes with regards to the bitcoin forks? There was bitcoin cash and gold. But those of you who claimed it and then sold it, obviously thats simple for you in that you write down what price you sold it at. But they give it out to you as oppose you buy it.


Also what about those of you who claimed it but never sold it and just held on to it? What about those of you who still haven't claimed it yet? The other things is i know there is bitcoin diamond as well and im pretty certain majority of ppl didn't even bother to claim that yet. And also there are tons of other bitcoin forks but not even sure if those are legit or not.


Im curious about those of you who claimed bitcoin cash and/or gold only but didn't sell it and those of you who didn't even claimed any of it. I also assume most ppl who did claim it probably just claimed the bitcoin cash but not gold. And those of you that claimed cash and gold, when are you suppose to have acquired it? The day of the fork even though almost no one claimed it that day? Or on the actual day you claimed it? Because if its on the day it was all given out, well almost everyone would put the same amount right? But if its different day, its different? The thing is what if you claimed it on a day where it was at the absolute highest and now it dropped all the way down and you just plan to hold it? Imagine you claimed bitcoin cash when it was over 3000 and now its under 1000.
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03-11-2018 , 04:47 PM
Forked coins should be treated as income on the date of the fork @ whatever the initial price was. That then becomes your cost basis. That's what I've read anyway.
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03-11-2018 , 05:24 PM
So even if you didn't claim it yet, thats how its suppose to be? So how many total bitcoin forks were there? There is bitcoin cash and gold But also bitcoin diamond? But i heard there were like over 10 bitcoin forks of those other weird coins but many of them i heard are scams? So how would that work there then?
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03-11-2018 , 05:41 PM
Quote:
Originally Posted by sofocused978
Forked coins should be treated as income on the date of the fork @ whatever the initial price was. That then becomes your cost basis. That's what I've read anyway.
This is totally incorrect.
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03-12-2018 , 03:16 PM
Think it's reasonable to expect the market will oscillate sideways until Mt Gox whale runs out of coins to dump (or get's a visit from the Yakuza). Maybe a good time to derail the thread with my theory of the true identity of Satoshi Nakamoto: Tim May. I first read of him in 'The Dark Net' by Jamie Bartlett.

- Electronic engineer and senior scientist at Intel, solved the 'alpha particle problem', retired in 2003.

- Lives in Santa Cruz California.

- Old enough to be proficient in C++.

- Paranoid and obsessed with privacy.

- Founding member and prolific contributor to the cypherpunks mailing list.

- Author of 'The Crypto Anarchist Manifesto' and 'Cyphernomicon'.

to quote Bartlett:

Quote:
After taking a degree in physics at the University of California at Santa Barbara, May went to work for Intel in 1974, where he made a brilliant breakthrough in redesigning Intel's computer memory chips. He retired at the age of 34 and dedicated himself to reading: computing, cryptography, physics, mathematics and to politics.
Quote:
At their (cypherpunks) first meeting, May set out his vision to the excited group of rebellious, ponytailed twenty and thirty somethings. If the Government can't monitor you, he argued, it can't control you. Fortunately, said May, thanks to modern computing, individual liberty can be assured by something more reliable than man-made laws: the unflinching rules of maths and physics, existing on software that couldn't be deleted. 'Politics has never given anyone lasting freedom, and it never will, he wrote in 1993. But computer systems could.
I've never heard him mentioned in the conversation before, but perhaps he should be?
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03-12-2018 , 10:45 PM
Quote:
Originally Posted by Fear_Itself
Mt Gox whale
It looks like after taking a break from selling yesterday it started up again today, only an hour earlier at 10am EST - guess they haven't started daylight savings time in Japan yet?
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03-12-2018 , 10:57 PM
So the downturns have been happening around 11pm Japan time every night - it's almost as if the selling as become part of his nightly routine ... get into jammies, watch the evening news, sell another mega batch of bitcoin and throw the global crypto market into turmoil, brush teeth, fluff pillow, set the alarm ...

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03-13-2018 , 03:42 AM
According to this there is no selling ATM

https://www.newsbtc.com/2018/03/11/b...til-september/
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03-13-2018 , 03:44 AM
Quote:
Originally Posted by Pinkmann
According to this there is no selling ATM

https://www.newsbtc.com/2018/03/11/b...til-september/
Bitcoin Price Will Likely Surge as Mt. Gox Sell Off Paused Until September

I dunno the details of what's going on, but I do know I'm never gonna trust an article with a headline that begins with those five words
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03-13-2018 , 04:29 AM
I thought I read this september claim elsewhere, but this is all I can find now, so yeah might be nonsense.
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