Bitcoin

[RyanWeb]

That is super strange. Maybe your just reading it wrong? Sometimes it will show multiple transactions when sent together. Can be a bit confusing to read on the blockchain.. Good that your total balance is correct however

 

[WCD Admin]

Reading transaction ID's can be tricky. Here is a tip: when you transfer money from an account, the ENTIRE amount is transferred. It's an "all or none" event. Lets say I owe you 1.5btc - and I have an account with 3.1 btc in it. I select to send you the 1.5 from my wallet with 3.1btc in it. What happens is though, is the entire 3.1btc is sent to your address, not just the 1.5, even though that is what I selected to do. Instead, the 3.1 goes to you, and you'll see that. But you don't get the full 3.1, you'll see another address -- in which 1.6 is going back to me on a new address. This is the "change." Think of it like a 1 dollar bill, and you're buying a .50cents candy bar. You give the entire one dollar bill to pay. It's still worth 1$ when they put it in the cash register, but since they give you .50 in change, its OK. hopefully that helps you understand all those weird looking addresses and amounts you don't understand.

 

[KasinoKing]

That is super strange. Maybe your just reading it wrong? Sometimes it will show multiple transactions when sent together. Can be a bit confusing to read on the blockchain.. Good that your total balance is correct however

Not sure about WCD's post - that's definitely NOT what I was seeing.
It's obviously some sort of cache issue:
I logged in using a different browser - and ALL my figures were 100% correct. Staying in that same browser, I logged-out and back in again and those weird figures were back there again!

Don't understand what on earth is going on - but happy that my totally Btc balance is correct.

KK

 

[KasinoKing]

We have lift-off again!
2 weeks ago (when I got paid by BP) the rate was around $975... Right now at this moment it's at $1,179 after rising rapidly all day

Sell or wait? That is the burning question!

KK

 

[WCD Admin]

HODL

 

[RyanWeb]

Just passed 1215 .. Most is speculation about the bitcoin ETF being passed. They must make a decision by March 11.. If it is "no" expect people to dump, maybe back around the 900-1000 range.. But if it gets approval, it should really skyrocket.

I see some experts putting the odds at 25-35% of it being passed.. But I think we have all learned a thing or two about experts and odds in the past year

As of today I am half in and half out.. If the etf is rejected, we might see a big drop again, followed by recovery.. I might just buy more if it goes super low.

 

[AussieDave]

@WCD Admin - hey mate... If you recall, a while ago (on skype) you were kind enough to try and eductate me to Bitcoin. Sadly though, as much as I tried to get my head around it, I'm still cluessless to how it all works. Much less, how to get started with it.

I fee like such a moron not being able to figure it out. Especially given I'm no slouch in other areas.
Figure I need to get savvy with it, before a program decides to start paying by this method.

If anyone is game to give me a simple (dumbed down version) of bitcoin etc, I'd appreciate it

 

[RyanWeb]

Reading about it is really complex.. But hands on is how I learn so once I jumped into it, it was actually much simpler then I was lead to believe..

My advice is just jump in..

You can store your bitcoin two ways, yourself or have a company store them for you.. I chose to store them myself directly on my PC and I use a program called: https://electrum.org/#home

Download that and follow the directions to set it up.. This is actually a pretty good video on how to use it:

 

[RyanWeb]

Once you get the program setup post one of your bitcoin addresses here, and Ill send you a few cents so you can see how it works..

 

[KasinoKing]

@WCD Admin - hey mate... If you recall, a while ago (on skype) you were kind enough to try and eductate me to Bitcoin. Sadly though, as much as I tried to get my head around it, I'm still cluessless to how it all works. Much less, how to get started with it.

I fee like such a moron not being able to figure it out. Especially given I'm no slouch in other areas.
Figure I need to get savvy with it, before a program decides to start paying by this method.

If anyone is game to give me a simple (dumbed down version) of bitcoin etc, I'd appreciate it

I felt EXACTLY the same as you in the middle of last year.
Then when Betting Partners switched to BitCoin payment ONLY for their affiliates, I was forced to dive in head first.

It WAS still very confusing for the first month or so - but I have the hang of it now.
Briefly:
I give BP a NEW receiver number each month from BlockChain.info (which I mistakenly thought was BitCoin HQ).
To get money out I go though a separate wallet company:
Go to {My Wallet Company} and create a receiver number…
{My Wallet Company} > Funding (Deposit page) > Select BitCoin on left > Create a new receiver Address.
Come back to BlockChain and SEND your BitCoins to that address. (Wait for it to be confirmed in {My Wallet Company} - should be < 60 minutes…)
Then in {My Wallet Company}, go to TRADE… set the exchange at the top to XBT/GBP
Select SELL your XTB and enter the amount. Wait until sold (should be only minutes)
Then go to FUNDING > WITHDRAW and request a £ cash-out to {My Bank}. (Can take up to a week!)

Sounds complicated, but so do most things when you first start out.
Dive in!

KK

 

[KasinoKing]

Just passed 1215 .. Most is speculation about the bitcoin ETF being passed. They must make a decision by March 11.. If it is "no" expect people to dump, maybe back around the 900-1000 range.. But if it gets approval, it should really skyrocket.

I see some experts putting the odds at 25-35% of it being passed.. But I think we have all learned a thing or two about experts and odds in the past year

As of today I am half in and half out.. If the etf is rejected, we might see a big drop again, followed by recovery.. I might just buy more if it goes super low.

Sounds a bit too much like gambling for my liking...

I think I should just sell now: I've already made about 20% profit just by letting my coins sit there for 2 weeks - it would be stupid to lose out by being greedy and waiting too long...

Thanks for the info!
KK

 

[Kadabra]

Sounds a bit too much like gambling for my liking...

KK

It is. Pretty much the same and even more then buying a stock before the company posts the results. In B you might able to predict something, here - there is not much to predict it seems. Just to see what happens.

On the other hand the reason to hold: seems that 1000+ is a fair value not considering the ruling. so if it goes bad, probably will fall but come back in few months. However if it goes well, 2000 + seems very reasonable.

Personally, haven't decided yet. Maybe will cash out partially before that and see what happens.

 

[onlinecasinoscloud1]

It was a little crazy but BitCoins price still grow, include small declines, but next still grow again and again!

 

[AussieDave]

I use a program called: https://electrum.org/#home

@RyanWeb - thanks mate for the help

The standalone version for Windows... Guessing that's used with a USB mem stick?

I do have a PC (older) that's not connected to the internet, and it's sporting a fresh install of XP (but could add Win 7 if needed).

What's the more secure option (or am I just being too paranoid?):

• Standalone USB stick?
• Non Internet PC?
• Internet connected PC?

 

[baldidiot]

It is. Pretty much the same and even more then buying a stock before the company posts the results. In B you might able to predict something, here - there is not much to predict it seems. Just to see what happens.

Yeah I think it's too hard for mere mortals such as myself to try and predict. It's like a weird rollercoaster - every time I look it's different by about $400 (I don't look very often).

Think I'll either forget about them and just see what happens long term, or start cashing out as soon as I receive them. Not decided which yet...

 

[Kadabra]

A bit of topic, if someone of the old time members here looking to offload - i need 3 btc (will pay through paypal)

 

[KasinoKing]

A bit of topic, if someone of the old time members here looking to offload - i need 3 btc (will pay through paypal)

Why don't you just buy them yourself with PayPal?
Is that not an option?

KK

 

[Kadabra]

I didn't find how. The only option i saw is bank wire which is not something i wish to do.

 

[RyanWeb]

@RyanWeb - thanks mate for the help

The standalone version for Windows... Guessing that's used with a USB mem stick?

I do have a PC (older) that's not connected to the internet, and it's sporting a fresh install of XP (but could add Win 7 if needed).

What's the more secure option (or am I just being too paranoid?):

• Standalone USB stick?
• Non Internet PC?
• Internet connected PC?

Maybe.. As long as you have no spyware on your PC you should be good.. I keep a copy on the PC that I use, and then another copy on a USB stick.. I use the Portable version for my PC and have a copy saved to USB.. Just be sure to write down your 'seed' as that will allow you to restore the wallet should anything go wrong ever. The way I see it, its more secure then logging into your bank from your PC.. However not insured But you have the option to be as cautious as you wish..

 

[RyanWeb]

I didn't find how. The only option i saw is bank wire which is not something i wish to do.

I've never personally used localbitcoins.com , but I know its pretty popular and a lot of people do.. You may want to give that a try.. Just like selling anything else, you meet up with someone and can exchange via paypal or even cash..