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Thread: Bitcoin

  1. #31
    Senior Member DJWilson's Avatar
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    Quote Originally Posted by Marc J View Post
    No matter how big and trustworthy (you think) your exchange is, move your BTC to a wallet where you alone hold the private keys, and DO NOT LOSE THESE.
    I'm looking for wallets at the moment but no idea who's best in conjunction with buying/selling via Coinbase.

    Seeing a lot of people have issues selling via CB into UK banks. Not sure if this a small percentage with a big voice or an actual serious issue across the board.
    Last edited by DJWilson; 30-11-2017 at 09:59 AM.
    Nathan Wilson.

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  2. #32
    Web Guru Marc J's Avatar
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    Quote Originally Posted by DJWilson View Post
    I'm looking for wallets at the moment but no idea who's best in conjunction with buying/selling via Coinbase.
    It doesn't matter that your coming from Coinbase. If you've decided to buy using Coinbase that's fine, you can then make an instant bitcoin transfer from your Coinbase BTC wallet to another bitcoin address - one that you control. The safest is a paper wallet, but if you lose the keys then you've lost your bitcoin (and nobody else gets them either).

    Or choose a wallet from those available...there are many and DYOR (Do Your Own Research). I've used an Android wallet in the past, which is fine if you trust it and make backups. Or you can spend a little and use a dedicated hardware wallet like a Trezor. More info on wallets at https://bitcoin.org/en/choose-your-wallet

    Quote Originally Posted by DJWilson View Post
    Seeing a lot of people have issues selling via CB into UK banks. Not sure if this a small percentage with a big voice or an actual serious issue across the board.
    It's usually always a small percentage with a big voice....people rarely make a noise when everything goes smoothly. What to do is give them no reason to decline anything - before buying or selling get your account at your chosen exchange approved as far as you can - this means sending them everything they ask for. You'll find most people complaining are doing so because their accounts aren't approved, or approval is delayed, and this is stopping them withdrawing funds. Because of the news about bitcoin just now, all exchanges will be swamped and you'll probably be looking at many weeks (3 isn't unusual) to get accounts approved. When cashing in, I'd test with a small amount first.
    A wife asks her developer husband "Could you please go to the store for me and buy a carton of milk, if they have eggs, get 12."
    A short time later the husband comes back with 12 cartons of milk. The wife yells at him, "Why the hell did you buy 12 cartons of milk?!" He replied, "They had eggs."

  3. #33
    Senior Member DJWilson's Avatar
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    Just bought my first bit of Bitcoin and made a paper wallet.

    Let's see how this small taster pans out...
    Nathan Wilson.

    www.anroadshow.co.uk

  4. #34
    Web Guru Marc J's Avatar
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    Quote Originally Posted by DJWilson View Post
    Just bought my first bit of Bitcoin and made a paper wallet.

    Let's see how this small taster pans out...
    Good luck! I'm, down 20% in the last 24 hours, but still up on the week
    A wife asks her developer husband "Could you please go to the store for me and buy a carton of milk, if they have eggs, get 12."
    A short time later the husband comes back with 12 cartons of milk. The wife yells at him, "Why the hell did you buy 12 cartons of milk?!" He replied, "They had eggs."

  5. #35
    Senior Member DJWilson's Avatar
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    Quote Originally Posted by Marc J View Post
    Good luck! I'm, down 20% in the last 24 hours, but still up on the week

    Thanks. Had a wobble yesterday but I see it being close to the $10K mark again by next week.
    Nathan Wilson.

    www.anroadshow.co.uk

  6. #36
    Web Guru Marc J's Avatar
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    Quote Originally Posted by DJWilson View Post
    Thanks. Had a wobble yesterday but I see it being close to the $10K mark again by next week.
    Or today

    I'm guessing you must be up about 12% or 13% ish....
    A wife asks her developer husband "Could you please go to the store for me and buy a carton of milk, if they have eggs, get 12."
    A short time later the husband comes back with 12 cartons of milk. The wife yells at him, "Why the hell did you buy 12 cartons of milk?!" He replied, "They had eggs."

  7. #37
    Senior Member DJWilson's Avatar
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    Quote Originally Posted by Marc J View Post
    Or today

    I'm guessing you must be up about 12% or 13% ish....

    Yup, 12%. Going to test run withdrawing my funds before putting any more in next week.

    Hopefully it's as smooth as buying in!
    Nathan Wilson.

    www.anroadshow.co.uk

  8. #38
    Senior Member DJWilson's Avatar
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    Its been a good weekend overall.

    Just waiting on verification to go through tomorrow or Tuesday in order to buy/sell freely and put back into my UK account

    Been a £300 drop the last hour. That'll probably bounce back before 12 tonight.
    Nathan Wilson.

    www.anroadshow.co.uk

  9. #39
    Web Guru Marc J's Avatar
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    Quote Originally Posted by DJWilson View Post
    Just waiting on verification to go through tomorrow or Tuesday in order to buy/sell freely and put back into my UK account
    How did the withdrawal work out for you? Any issues?

    It's been an interesting week for Bitcoin...hope you're enjoying the ride
    A wife asks her developer husband "Could you please go to the store for me and buy a carton of milk, if they have eggs, get 12."
    A short time later the husband comes back with 12 cartons of milk. The wife yells at him, "Why the hell did you buy 12 cartons of milk?!" He replied, "They had eggs."

  10. #40
    Senior Member yourdj's Avatar
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    This is all so exciting, I am glad I sold my TV 10 years ago. Who needs it with this post.
    Your DJ - Mobile DJ The New Forest, Southampton & Hampshire. Toby
    http://www.yourdj.co.uk/ http://www.phatdiscos.co.uk/ http://newforestwedding.co.uk

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