The Bitcoin Forum

Rmcdermott927

i bought bitcoin years ago, how do i find it.
You don't, bitcoin didn't exist 20 years ago

Literally word for word what I was going to type. But I was going to add a wtf?!?! on the end.

Rmcdermott927

Eventually, most countries will have laws like this and will treat Bitcoin the same as fiat currency. It is taking a little time for the laws to catch up with technology.

Rmcdermott927

The Bitcoin price swings 200 in either direction multiple times per day lately. If you can buy close to $2000, that is your best bet. Bitcoin is a long term game so don't be upset if it goes down from your original purchase price as it will go back up in the coming weeks and months.

Rmcdermott927

What happens if I loose my Bitcoins? Is there a way to retrieve them?

You can retrieve them only if you have a backup of your wallet or have a recovery seed.

Rmcdermott927

A client is essentially the software which communicates with the Bitcoin network that allows you to send and receive coins.

As others have suggested, for a newcomer, "thin" clients like electrum are best to start with.

Rmcdermott927

There are services such as coinbase that do this. There are also people on localbitcoins that do this.

Rmcdermott927

It is not difficult at all. For beginners I suggest using the electrum wallet. For more advanced or technical folk I suggest running a full node.

Rmcdermott927

How can i do to get Bitcoin ??
need to collect??
how to collect??
which site are good for??
if i do bit coin what i need for general purpose ....

I suggest selling any type of goods or services for Bitcoin. What do you do? Do you have a particular skill you can sell?

Rmcdermott927

Hi Complete newbie so please excuse me if I'm in the wrong place. I had a bitcoin wallet app on my iPhone, the wallet no longer works, the bitcoins are still there and it refreshes with the amount it's worth when I open it up however it doesn't pof up completely and I can't send or receive, it shut...

Rmcdermott927

I think everyone involved can agree that network congestion is beyond ridiculous at this point. I paid a 270 sat/byte fee yesterday and it took over 10 blocks to confirm. Unfortunately we are at the point where something needs to be done but the current stalemate in the war on solutions is impeding ...

Rmcdermott927

Hi David, I am sorry to hear that you haven't had a pleasant experience purchasing bitcoins. I see that Fremont has already given the same answer i would have which is that because buy.bitcoin.com is entirely run by our partners at Simplex. The uploading of personal info like copies of ID's and suc...

Rmcdermott927

Hello everyone, I would really appreciate it if anyone could let me know whether a company can create a wallet and purchase bitcoins via a bank transfer from its account in the bank. Thanks in advance. Of course they can. Why country are you located in? I can link to some exchanges that operate in ...

Rmcdermott927

It is likely just an "authorization", rather than a charge and will disappear off your statement in a few days.

Rmcdermott927

I highly disagree. Sometime the most logical solution fits best. It was a source of theft with Bitcoin as a mode of fund transfer.

Rmcdermott927

Did you ever transfer your coins out of the exchange you bought them at? More than likely they are long gone if you did not as almost no exchanges from that long ago still exist.

Rmcdermott927

I wish people would take the time to understand something before casting blame. It's a once a day occurrence where someone thinks Bitcoin.com controls the Bitcoin network, but all it would take was reading one somewhat technical article to realize this is not true.

Rmcdermott927

Consensus. If the nodes on the Bitcoin network detect a transaction, but the address has no blockchain history(ie, empty), then the transaction will simply be rejected by the network.

Rmcdermott927

I'm most shocked at ETH. I thought it was just a bubble at the $10 price point and am amazed that it was able to get to that level.

It just proves that for a new currency to be sustainable, it must bring new features and functions to the table.

Rmcdermott927

Blaming Bitcoin for this is the equivalent of blaming cash for a bank robbery.

Just as the case with the wannacry attacks, just because Bitcoin is being used, does not mean it wouldn't happen without Bitcoin.

Many ransomware in the past has required prepaid gift cards.

Rmcdermott927

First off, if you have hundreds of thousands of dollars on your phone wallet, that's on you if they get stolen. It goes against best practices that just about every expert recommends. Use a hardened wallet like armory, or get a hardware wallet like Trezor to keep your coins safe. Utilize paper stora...

Rmcdermott927

As a general rule, any site PROMISING interest rate hundreds of times higher than normal banks is a scam.

If they are such good traders, why would they need to borrow your money to trade with?

Rmcdermott927

It's not amazing to me that these exploits exist, what amazes me is that they were kept secret for so long without being discovered by other sources.

This is scary stuff, especially considering no tool currently exists to decrypt files encrypted with this worm yet.

Rmcdermott927

Create another transaction using the change from that Tx. Include an abnormally high fee and both Tx should get confirmed.

Rmcdermott927

All the payment methods you offer are easily reversible. How will you guarantee the sellers will get their money after sending the bitcoins? Sorry for the late reply, our trade volume is over 20 btc daily. There is no intention is havinga payment reversible. Just because you claim you won't reverse...

Rmcdermott927

Hello guys, I have 50 btc, i want to invest them somewhere Where would you advice me to put them in? Is there any reliable service to invest btc in? Thanks a lot Honestly. Right now the best investment looks like holding the BTC. There are too many scams out there. BTC/usd is sharply rising, I see ...

Rmcdermott927

In my opinion, securing your wallet with bip38 encryption and deleting all unencrypted backups is the bet way to go.

Rmcdermott927

You went on some sort of emotional rampage deleting all your posts (which is fine, they are your posts) but you also went around deleting other people's posts too! This isn't the first time either you abused your mod perms. You also deleted other people's posts in the past that conflicted with your...

Rmcdermott927

What bothers me most is the talk of attacking the minority chain. What is the point? The strongest, most viable chain will inevitably win anyway so I see little point other than to escalate conflict.

Rmcdermott927

Put it this way, even churches have lighting rods, so their lack of confidence in their convictions should illustrate their necessity.

Rmcdermott927

While the article is interesting, I am not sure that I agree with Shrem's opinion that the unlimited developers also agree that segwit is the best solution for the blocksize debate. I think he meant Jihan Wu. Jihan told Charlie that SegWit is "good technology". Source: https://twitter.com/CharlieSh...

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