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Flying Dutchman

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About Flying Dutchman

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  1. https://nextcoin.org/index.php/topic,104.0.html More info about NXT for anyone that may be interested. FD
  2. http://bitcoinity.org/markets/bitstamp/USD are now displaying the BTC price in mBTC where 1000 mBTC = 1 BTC. Seems to be having a positive psychological effect on buyers.
  3. Beginning to think my buy limit order @ $250 may be a bit optimistic...or should that be pessimistic. The price seems to have settled above $800 and I just can't see a dip below maybe $450 - $500 imho.
  4. Couldn't agree more. I'd love to know what % of any given countries population have even heard of BTC, let alone the % of people who have actually purchased BTC. Impossible to know, but I'd guess BTC isn't even on the radar of 95% of the global population. People actually invested, a fraction of 1%.
  5. Thanks NJT, I was beginning to feel dirty and that I lacked a moral compass because I am speculating and hoarding BTC's. BTC is going 1 of 3 ways IMO, it's either going to break completely, be superseded or globally embraced. I got some skin in the game for a long term punt but if it all goes belly-up so be it.
  6. Not quite. A web-based wallet is generated online, so yes, the PAC and corresponding PPC could be compromised. However, with a paper wallet the PAC and PPC are generated offline, so the PPC is never exposed to the internet. FD
  7. The point of a paper wallet, is that you are relocating your BTC away from the Bitstamp exchange for security reasons and as a paper wallet is created offline it is the securest method for long-term storage of your coins. Bitstamp is only really a tool to convert your cash into BTC and as a large exchange could be vulnerable to hacking, it is wise to transfer your BTC somewhere safer. Enter BTC wallets, either web-based or paper based. You can create as many paper wallets as you like and there is no reason to transfer any BTC to them, although if you don't, it rather negates the point of mak
  8. I have recently purchased 3 x BTC using the Bitstamp exchange, created 3 x offline physical paper wallets and funded each with a BTC. I have put together this simple tutorial detailing the process from start to finish for anyone new to BTC. 1) Choose an exchange. Probably the most popular are https://www.mtgox.com/, https://www.bitstamp.net/ and https://btc-e.com/ however there are others. I used Bitstamp and I am more than happy with this exchange, however, it is for you to decide on the merits of each. 2) Open an account with your chosen exchange and verify your identity. At bitstamp this
  9. I was expecting to see a pullback in price when BTC Mt Gox hit $500 due to automated sells at that price. Hasn't happened though. I have been waiting for a buying op for some time, but the price just keeps marching higher...very frustrating. Looks overdue a correction to me, but money just flooding in, just seen a buy for 210 BTC @ $500.
  10. Back along I was quite happy not to have to "dick" about on forums, but as a saver I have been forced to seek a other ways to protect my wealth against inflation. The contributors here link to interesting bullish and bearish articles that help in lifting the veil on the secretive and opaque shenanigans in the pm's market. "Analysis" do me a favour, I'm not stock-picking FFS. FD
  11. Hi Injin, whilst I appreciate you're concerns that some of the pro-gold posters may have a biased perspective that makes them less than impartial, I prefer to undertake my due diligence research without having to wade through comments that add very little to the thread. Perhaps, you could link to articles that substantiate some of what you believe to be the truth, this would them balance my learning. Kind Regards, FD
  12. Newbie here. Lots of interesting information to digest, so thanks to almost all contributors. One question though, this 'Injin' character doesn't appear to offer anything valid except to antagonise other posters. So I was wondering how I put him on ignore. Thanks FD
  13. You make an interesting point. Surely, a collection of gold sovereigns, for example, would not be classed as savings or an asset anymore than say a stamp collection. JL
  14. I have been looking into the economics of installing a couple of woodburners. It appears that it's good practice to have the chimneys lined with a flexible flue (building regs), but I remember when we had a woodburner in Cornwall, we just stuck a short length of stack pipe from the burner into the lower part of the chimney. The woodburners themselves are about £300 each and logs for the Winter about £75 or could go multifuel and burn coal as well. There is some Council owned woodland near us as well, I may go and help myself to some dead wood and fallen trees.
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