How Not to Lose Your Bitcoin in 2017
2017 is almost here and the bitcoin price is surging! Are you surprised by how much your bitcoin is worth? Don't let that surprise turn to dismay by losing it. Now is the perfect time to take a few basic precautions to keep your cryptocurrency secure. Here are 8 do-it-yourself tips to help you improve your security: 1. Backup today. You can never say it enough: back up your wallet. If you haven’t yet backed up your wallet, do it now. Most hardware and software wallets use an industry standard backup protocol called BIP 39 that allows your wallet backup to be 12, 18, or 24 English words.....
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What price high must Bitcoin hit to account for the past three years of U.S. dollar inflation? Bitcoin's (BTC) price rose to almost $20,000 in 2017 before losing more than 80% of its value at the end of the ICO boom. In the years since, the asset has never again come close to these prolific price highs — until now. Crypto's first currency is once again trading a few percentage points away from its previous milestone as of press time.While crossing $20K may soon be celebrated as a psychologically significant threshold, Bitcoin will not actually reach its all time high in terms of buying....
One of the biggest development hurdles that Bitcoin expert and entrepreneur Trace Mayer wants the digital currency to overcome in 2017, in order for it to progress to the next stage, is for Bitcoin to go dark so as to become more expensive. Mayer says in an interview with CrushTheStreet: “I would like to see Bitcoin become encrypted so that all the investors (in those AML/KYC startups) basically lose their investments and Bitcoin goes dark. And then we have no idea what is going on fundamentally with Bitcoin and it just begins corrosively eating away at all legitimately feasible economies.....
Martingale betting is a class of betting strategies that originated in 18th century France which can turn any game, whether blackjack, roulette or anything else, ideally something played in short, discrete rounds with a roughly 50-50 win/lose ratio, into one which gave the gambler an almost certain chance of success. The way the algorithm works is like this. Imagine that you are playing a simple slightly biased coin toss game where you can bet any amount of money and if you land heads (49% chance) you win and if you land tails (51% chance) you lose. First, you bet one dollar. If you win,....
A new survey by Deloitte has found that blockchain technology is becoming an emerging key business focus for U.S. companies in many industries with several sectors focusing on big investments in 2017. According to the survey, while it found that two in five (39 percent) of surveyed senior executives still have little or no knowledge regarding the technology, it found that the remaining 61 percent claimed to have knowledge on the subject ranging from ‘broad’ to ‘expert.’ Of those knowledgeable of blockchain, over one-third view it as a top-five priority for 2017. The survey, which was....
Jokes aside, you already know how to secure and protect your crypto investments. Now, it’s time to talk about how to lose them all. Let’s say you want to lose your Bitcoin (BTC) totally, irretrievably and forever. Hey, it’s not our place to wonder why. Maybe it’s part of some elaborate performance art piece, like the guy who destroyed all his possessions or perhaps you’ve always been big fans of electronic music outfit The KLF, who famously burned 1 million pounds on a remote Scottish island. Or, your reason might be more mundane and you simply don’t want your soon-to-be-divorced spouse to....