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re: Official CryptoTalk Thread

Posted on 5/5/17 at 9:16 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81662 posts
Posted on 5/5/17 at 9:16 pm to
Mine are arriving Monday
Posted by dkreller
Laffy
Member since Jan 2009
32293 posts
Posted on 5/5/17 at 10:51 pm to
This is interesting.
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 5/6/17 at 10:47 am to
got my coins, that was an easy $335 profit in less than a week.

going to trade 5-10 of them i think and see if i can acquire more.
Posted by WG_Dawg
Member since Jun 2004
88611 posts
Posted on 5/7/17 at 8:41 am to
I saw someone on the Reddit sub that said something along the lines of "if you don't move your ETH to an offline wallet, you have no ETH". As a completely clueless beginner should this concern me? I only have a few units but I planned to just let them sit in my coinbase wallet until I was ready to sell and convert to USD. Is that wrong?
This post was edited on 5/7/17 at 8:42 am
Posted by plaric
Pike Road, Alabama
Member since Jun 2011
2258 posts
Posted on 5/7/17 at 9:19 am to
Get a non coinbase wallet and hold it there. I don't trust coinbase.

That way you can power your machine off and be safe (just be sure to backup your wallets).

People are trying to crack dormant wallets (found one with 66000 BTC in it, that's dormant and roughly 99 million USD. So if you crack it you win.
Posted by WG_Dawg
Member since Jun 2004
88611 posts
Posted on 5/7/17 at 9:26 am to
quote:

Get a non coinbase wallet and hold it there


Can you simplify this for me? I understand the reasoning and the overall point I just don't know how to go about doing it.
Posted by tigersnipen
Member since Dec 2006
2107 posts
Posted on 5/7/17 at 9:59 am to
I'm interested in why coinbase isn't trust worthy. They are backed by huge corporations like chase and USAA.
This post was edited on 5/7/17 at 10:00 am
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
41877 posts
Posted on 5/7/17 at 10:14 am to
Best bet if you're going to hold 1000s in ETH (or BTC, LTC, etc) is to buy something like a Ledger Nano. This securely stores your cryptocurrency on your own device.
Posted by WG_Dawg
Member since Jun 2004
88611 posts
Posted on 5/7/17 at 10:31 am to
All total I will end up holding less than 10 eth units. Would anyone even bother attempting to steal that small an amount?
Posted by Eric Nies Grind Time
Member since Sep 2012
25227 posts
Posted on 5/7/17 at 12:19 pm to
Unlikely
Posted by TigeRoots
Member since Oct 2008
8533 posts
Posted on 5/7/17 at 12:24 pm to
I'm just gonna take my chances with Coinbase, as I don't ever plan on holding more than 50-60 units, unless my risk perception changes. Have around 30 now.

That said, I am going to research wallets and see what the process is to have one separate from Coinbase.
Posted by tigersnipen
Member since Dec 2006
2107 posts
Posted on 5/7/17 at 1:04 pm to
I guess with as many big time backers as coinbase has, why is it considered a risk? Is there a security perception issue with them?
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 5/7/17 at 1:05 pm to
Another issue to think about is the $25,000 weekly withdrawal limit. If ETH does what people are hoping, you can easily max that weekly limit and then you're subject to market risk. Just something to think about.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26654 posts
Posted on 5/7/17 at 2:20 pm to
Coinbase is not that risky as long as you turn on two factor authentication. In other words, if you try to send money somewhere, it will prompt you to put in a verification code that is sent to your cell phone.

So a hacker would have to have both: your Coinbase login, AND access to your cell phone.
Posted by okietiger
Chelsea F.C. Fan
Member since Oct 2005
41877 posts
Posted on 5/7/17 at 3:17 pm to
This^
Posted by NastyTiger
Hammond/Baton Rouge/Lafayette
Member since Jun 2005
11271 posts
Posted on 5/7/17 at 6:01 pm to
I would max out on LTE. Huge money to be made.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81662 posts
Posted on 5/7/17 at 6:07 pm to
What happened in the past hour? We are down 14%


ETA: 18%
This post was edited on 5/7/17 at 6:08 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81662 posts
Posted on 5/7/17 at 6:19 pm to
LINK showing $78

Coinbase is $94

what gives
Posted by castorinho
13623 posts
Member since Nov 2010
84382 posts
Posted on 5/7/17 at 6:29 pm to
DBF sold, triggering a market wide sell off.
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 5/7/17 at 6:38 pm to
frick looks like i missed that dip

ive been waiting all day

i sold at 96.28
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