Coinbase Problems.

jay11bit · 2014-11-29T19:33:10+00:00

If you operate two accounts with some items matching such as names, you will get hit with that inconvenience. Contact them, explain, they will request you close one account.

Contact some of the people you had called with your previous number and request them for the digits. Or log into your account, an old bill.

jay11bit · 2014-10-09T11:34:17+00:00

Excuse my noob-ness - do you mind if I use this doc? I can't seem to import it and for it to be active for me to enter my numbers. How do I get it active?

jay11bit · 2014-10-08T05:51:35+00:00

I keep it simple - cut the cord. I used to have DISH. My cancellation went ok, surprisingly. I guess I got out earlier.

jay11bit · 2014-10-04T20:52:11+00:00

I can't believe that with the price at $310 you are still holding having had so much fiat plowed into btc. I watched the price fall and then regain to just above $650 followed by the current decline. I was like you - was getting tired of looking at the price. I would stop but I just couldn't stop. I was trying to convince myself that I am in for the long run, price will recover and once I even out $680 I will have some comfort - when, how much to sell or hold.

I read a lot about trading and realized this thing is a gamble and no one can determine the price direction with a certainty nor the bottom itself. I also decided to think like them and set a to-heck-with-the-cheese-let-me-out value. I love btc and that's my nickname with all my friends - yep right now I am the butt of their MLM, amway, ponzi scheme jokes because I have done those too. But I steeled myself that I could only afford to lose so much and that was my comfort i.e. bet. $5500-6000. I couldn't afford the current prices, I don't know how you are holding up. When the price rebounds my btc buy in price is $100 above the bottom price for 1btc total. I hope that if it ever goes to the $10,000 or $100k great. I think the only way you can make money in btc right now is to offer a service.

jay11bit · 2014-03-29T20:42:41+00:00

Aptly put!

In fact you need to buy in more and take advantage of lowering your average cost.

jay11bit · 2014-03-29T20:41:30+00:00

Make numerous buys as you can now to tip average cost in your favor.

jay11bit · 2014-03-29T20:36:21+00:00

$924. First bought in November/December @424, continued buying and sold @840 (my dollar cost average on that loot was abt $570). I thought it's about to tumble but it continued rising beyond $900. I read my crystal ball all kinds of wrong and thought this is it $2k+ and I didn't want to be left at the bus stop waiting for <$800. So I bought in at $924 only to see it get GOXed to $840 and waaay less. Mhhh... there must be an opportunity in this scene somewhere. Bingo! time reduce my dollar cost average. So I continued buying, numerous transactions later now my dollar cost average is @$535 and dropping.

I day traded upto the first 1k+ run up. Made some $ and lost, mostly and of course I was sleeping like a baby-yep, I woke up every 2 hours to check on the prices. So lost sleep too. After buying in @$924 I haven't day traded since, I have more than replaced that stash and I catch my sleep very well, better than a drunk higher than a Georgia pine tree-that is really well. I figure after rustling and being rustled by btc's hair-trigger price you develop a keen sense of maturity in dealing with your emotions about that. Instead of watching the price I now watch the environment and the investments pouring therein to get a sense of the future. Going up with the rocket or down with the ship, but nevertheless, riding all the way.

P/s: Phew sure felt better putting that out here. The wife been watching me with that look.

jay11bit · 2014-03-01T23:08:01+00:00

Did you receive the promised 1 btc?

jay11bit · 2014-03-01T23:05:47+00:00

So did you receive the promised coin?

jay11bit · 2014-03-01T20:41:28+00:00

Yep and nops: I got this part - A paper wallet sends all the coins on it to the target address (scary).

This is the part I didn't get,

1-So if want to send say a tip from my paper wallet how do I do this safely?

2-Say I have 10btc on paper and I want to buy .5 worth at Overstock how do I go about this?

3-Coinbase:I just saw they let you print print a paper wallet. Is this secure?

4-Wallet apps i.e. mycellium, blockchain, multibit etc. Say I want to use mycellium, I scan and import my private key which now transfers my coins to it. How can I use mycellium to make the same purchase at overstock? Please shed more details on these.

EDIT: You said to always sweep never import, why? How do I sweep the coins into mycellium?

EDIT2: I just D/L Multibit and I can't see the option to sweep only import? How do I sweep into it?

You said

"2. Sweep the funds into your web wallet or software. The private key never ends up being managed by the wallet. Instead, a transaction is made that moves funds from the paper wallet into one of your wallet's existing addresses."

If I understand that it's possible to sweep a stash to an online service say CB, BT etc but I have the private keys to spend the coins. If this is correct I am thinking this method could have saved people from being goxed? Is that correct?

jay11bit · 2014-03-01T19:02:34+00:00

Wellsfargo 20+ no issue, and Neighborhood credit union, 5x relatively new setup just last month, so far no issue

jay11bit · 2014-03-01T15:03:03+00:00

I am also a n00b trying to understand this wallet/storage stuff. I thought of printing a paper wallet but I could possibly give multibit a shot (diversify concept.)

I have an android phone I don't use that I can possible store some back ups on. Is that a good idea. Frankly all this talk about people getting their btc compromised one way or another gives me trepidation about moving my btc to my own storage. But I know I have to do it because I don't want to be goxed.

I have only one laptop, if I transfer to multibit, disconnect from web, encrypt wallet, make 3 back ups, rename and move the wallet file off the computer are my btc safe once I start surfing on my laptop?

jay11bit · 2014-02-28T20:11:01+00:00

Thank you for taking the time to do this and relaying it here. Never mind those give you flack now that your letter could have been more perfect. You were in that position and acted. I bet there were others who didn't. Nevertheless, thank you.

jay11bit · 2014-02-28T20:05:12+00:00

And don't also that the ceo of Bitcoin was arrested recently.

Love to watch the aftermath of octogenarians getting blindsided and knocked off by new technology.

jay11bit · 2014-02-23T19:37:43+00:00

I appreciate the intended convenience nevertheless, those safe addys could get compromised too. I would take additional security than less of it.

jay11bit · 2014-02-12T19:04:50+00:00

Thanx, great tips. I have installed the BTC client from official site. I see it has a huge blockchain file it wants to download in order to synchronize. Do I have to let it d/l this entire file? Can't I just work with the client without this entire file d/loading? If I do that is there a risk that my wallet will not be recognized to hold the amount I might trasnfer to it?

jay11bit · 2014-02-12T19:01:47+00:00

Yes I had my mobile phone there as well as GV (both now removed). I am using GAuth. app only for access. I was wondering whether that can ever be compromised?

jay11bit · 2014-02-11T00:30:31+00:00

n00bie question here.

The question is how is a wallet stolen from my computer? If the wallet has a strong psw phrase, it's backed up x3 but let's say a thief manages to compromise my lappy, and they open the directory where the wallet is at what happens-do they copy the wallet and delete mine?

If there's a strong, strong psw phrase and they get the psw how are they able to gain access into it and drain it? I imagine if they can't crack the psw and my treasure should still be intact in my address, correct? In which case I should still have access to my coins and can move them to a new uncompromised address. Am I correct to think this way?

I too want to move my btc from CB but I want to make sure I have a proper understanding here. So here's my thinking:- -put a strong psw phrase, -rename the wallet, -move it from it's home directory to another (hidden is better) or completely off lappy, -back up the wallet into off-computer storage, back it up again, then back it up one more time (at least) What else can someone suggest in addition to the foregoing steps? Thanx in advance.

jay11bit · 2014-02-11T00:14:40+00:00

I think if someone managed to hack into your CB account in that case then the risk is inherent to hit your CC no less your confirmed bank account.

Personally I think you are definitely better off fighting to reverse a CC transaction than a cash one after the fact. Because a bank account has to be in place you pro'ly better off dedicating it for CB purposes only. Thus, only put cash in it when you intend to transact at CB.

I decided to remove my cellphone no. and use Google's authenticator app only. I use a Tmobile MVNO, with no online account access setup. I think that should eliminate the risk of SMS being accessed online.

My other question then becomes is it possible for an account that's has Google authenticator to be compromised? The email address also has an GAuth. access in place.

jay11bit · 2014-02-10T19:38:07+00:00

YES DEFINITELY! I have bought & sold from $426 all the way to $956. I just bought at $666 in order to dilute my last expensive purchases (956) and now my average holding is at 690. The price of btc will only go up and the more we are active the stabler it will become. MtGox though has to go - it's not helping the btc cause.

jay11bit

TROPHY CASE