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Bitcoin & CryptoCoins for Kenya
tandich
#381 Posted : Friday, March 06, 2015 10:19:41 PM
Rank: Member

Joined: 5/6/2008
Posts: 199
How does one secure their Bitcoins from such and attack?
mic_mic
#382 Posted : Sunday, March 08, 2015 9:58:43 AM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
Healthy volumes of late. Daily chart from December 2013 till today



BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
mic_mic
#383 Posted : Sunday, March 08, 2015 3:35:09 PM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
tandich wrote:
How does one secure their Bitcoins from such and attack?



Here's a plublic document

Check out part 3 'How to store bitcoins securely'


https://docs.google.com/...W8ntRxpuobocKI3MvfU/edit
BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
mic_mic
#384 Posted : Monday, March 09, 2015 10:30:57 AM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI


BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
mic_mic
#385 Posted : Monday, March 09, 2015 4:19:38 PM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
sl8r
#386 Posted : Wednesday, March 11, 2015 9:22:56 AM
Rank: New-farer

Joined: 5/20/2010
Posts: 69
when a currency is about to tank, use bitcoin to hedge it

http://qz.com/359679/80-...nd-out-of-chinese-yuan/
mic_mic
#387 Posted : Wednesday, March 11, 2015 10:02:29 AM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
tandich wrote:
How does one secure their Bitcoins from such and attack?



By safely storing what is called a private key. Every bitcoin wallet address such as 12GKDgxkG3WPMedAXQvbpgA7364v3HBxXa has a corresponding private key.
Think of a wallet address a a pad lock to a safe whose key is the private key.

By safely storing this private key, then Bitcoins can be securely held. One example, is having your private key on a physical piece of paper ie a paperr wallet.

Another way is to have multiple private keys that access a single wallet. This allows 3 people to have 3 different keys (OR 1 person having 3 different keys in separate storage locations) that are required simultaneously to access bitcoins held in a wallet. Also known as multi-signature wallets. in such a case, access to 1 of the keys is not enough to gain control of funds.
BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
mic_mic
#388 Posted : Wednesday, March 11, 2015 7:21:08 PM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
1 Kenya Shilling = 0.000037 Bitcoin Google currency conversion calculator

BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
mic_mic
#389 Posted : Wednesday, March 11, 2015 7:23:08 PM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
Closed above $300 on the 2 hourly charts. Highest bid, $303.98 Looking more likely to test this level again. Note the inverse candle hammer. That top was a rejection. 2nd attempt coming soon.


BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
mic_mic
#390 Posted : Friday, March 13, 2015 1:53:18 PM
Rank: Member

Joined: 12/30/2012
Posts: 545
Location: NBI
Market failed to break $300 and broke down to $286

BITCOIN TRADERS KENYA Whatsapp group +254 705 299 429
66 Pages«<3738394041>»
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