Bitcoin, Ethereum, Litecoin, Steem
They're mine. Let me tell you how. They can be yours, too. These four cryptocurrencies, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Steem, are part of me. In this article, I talk about how I buy these & keep them safe. Happy Birthday to me as it is my first anniversary, my first full year on Steemit, right now, currently, as of Sunday, the 17th of June, 2018, Fathers Day. I've been preparing, writing, researching, working on, this post, since Saturday. This is a rough draft. How does it work?
How to Keep your Bitcoin Safe?
Step one, download a Bitcoin wallet, for example. You can also get wallets for Ethereum, Litecoin, and other alt coins. I use an Electrum Bitcoin Wallet. Step two, click here on how to install (create) your wallet. If this is your first time, you can create a new seed (special password). Why invest in Bitcoin?
How can we create wallets?
How to do it again?
Different kinds of wallets.
What is Cold Storage?
What are Seeds, AKA Mnemonic Phrases?
Seeds are like back doors back into your wallet, just in case. Like a thought bomb for trees (wallets). A seed is a group of words, passwords, AKA pass phrases. A seed may be twelve random words. Rat banana silly dead angry waking dead birds flowers oriental fat radical. That could be a seed. Your wallet can make new seeds for you. Why? You can unlock (restore) your wallet with your seed and/or private keys, maybe, probably. So, save your seeds because seeds are like a Reset Password thing you may see on Facebook or other websites. When you forget your password, you click on a button, and they email you a new password or link so you can create a new password. A seed is a little different than that, but the point is that the seed helps you recover wallets, addresses, money.
You can write down seeds.
Try to keep your seeds offline. Better safe than sorry. If you have to recover (restore) your wallet, you open up your wallet and tell your wallet that you already have a seed. Type it out. After that, you can create a new password, or can at least try to create a new password. You don't have to remember your old (former) password, generally. There may be exceptions depending on the wallet you're using, maybe. You can export your private keys (PK) for your wallet. You can find your private keys in the menu of your wallet. Normally, a private key is a collection of addresses associated with our account or wallet.
Make Sure Your Wallet Works
Third, send money to your wallet, to your receiving address. Maybe somebody can send you money. You can skip this step if you're confident in what you're doing. But you want to make sure you know how to use your wallet like an independent bank account program. You want to make sure you know what your receiving address is.
Wrong Address?
If somebody sends you money, but to the wrong address, then you may not get the money, like mail sent to the wrong mailing address or email address. For example, my Bitcoin receiving address has been 1JY9EVYaB8SafhK8TvFoqs7vyRzmcRJGyv
Did my Receiving Address Change?
Your wallet may change your receiving address. When you open up you wallet, like I did this weekend, you may see different addresses. So, you may feel that your former address is gone, expired. You can try to send some Bitcoin to your former address to see if it works. For me, it still works. You may see your former addresses in your private keys. That may mean they're still there. If you're reinstalling your wallet, and you recover from your former seed, your wallet may display a new address, but your older addresses may still be there. Your wallet may collect money you may get from your former addresses.
How Can You Keep Your Bitcoin Safe?
First, keep your seeds protected.
Second, keep your private keys backed up.
Third, keep passwords offline, saved, copied.
Fourth, try Ubuntu over Apple, Microsoft.
Fifth, don't keep all your eggs (investments) in the same basket (coin).
How to recover from Bitcoin Core?
Make money here through faucets?
Here are four of my cryptocurrencies as follows:
Donations are Accepted & Appreciated
I'm Non-Soros Supported (Funded) by Viewers Like You
My Cryptocurrency Addresses Are as Follows
Bitcoin
1JY9EVYaB8SafhK8TvFoqs7vyRzmcRJGyv
Ethereum
0x1a0f3C4e63d9b490387cbd24fBe611ad2408A01d
Litecoin
LRxpufCqg95g3BYuAKHev6NVWp6Sgb7jiz
Steem
Thank You For Reading
This post includes 4 of my favorite cryptocurrencies, currently. This article is a rough draft and I'm having keyboard issues. Maybe sticky keys. Maybe old wireless USB keyboard. Maybe a Bitcoin faucet is slowing my computer down. Maybe it is from uploading photos to Facebook. Maybe too many Firefox tabs. I'm not happy with technical difficulties. So, I may update this post in the future, especially as it references many topics and many things. For example, there are currently over 1,600 cryptocurrencies. I may talk more about them. I may want to write more about any of the paragraphs here. I've been researching some of this the past few days as I was trying to answer all of my own questions about all of this. I still have even more questions. I have more to say. Stay posted. Eat oatmeal.
Faucets Gives Us Free Money?
Bitcoin, Ethereum, Litecoin, Steem
2018-06-16 Saturday 10:34 AM LMS: Bitcoin, Ethereum, Litecoin, Steem
Written by me, Oatmeal Joey Arnold
Published at 11:56 PM, Monday, about 3 days later
Edited at 12:14 AM, Tuesday
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Donations are Accepted & Appreciated
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My Cryptocurrency Addresses Are as Follows
Bitcoin
1JY9EVYaB8SafhK8TvFoqs7vyRzmcRJGyv
Ethereum
0x1a0f3C4e63d9b490387cbd24fBe611ad2408A01d
Litecoin
LRxpufCqg95g3BYuAKHev6NVWp6Sgb7jiz
Steem
Litecoin -LRxpufCqg95g3BYuAKHev6NVWp6Sgb7jiz
Bitcoin ---1JY9EVYaB8SafhK8TvFoqs7vyRzmcRJGyv
Code: Justified Text: <div class="text-justify">TEXT</div>
Code: Small Font: <sup>TEXT</sup> or <sub>TEXT</sub>
Ethereum - 0x1a0f3C4e63d9b490387cbd24fBe611ad2408A01d
Bitcoin Related
Can you retrieve private keys from seeds?
What are cryptocurrency wallet word seeds?
Differences between wallets and addresses?
How to deposit to Steemit?
How to keep your Bitcoin safe.
How to Cold Storage?
Keep your Bitcoin Safer with your Phone?
How to set up a Phone Wallet?
Steemit was hacked?
Donations are Accepted & Appreciated
I'm Non-Soros Supported (Funded) by Viewers Like You
My Cryptocurrency Addresses Are as Follows
Bitcoin
1JY9EVYaB8SafhK8TvFoqs7vyRzmcRJGyv
Ethereum
0x1a0f3C4e63d9b490387cbd24fBe611ad2408A01d
Litecoin
LRxpufCqg95g3BYuAKHev6NVWp6Sgb7jiz
Coins mentioned in post:
Yummy! Try this with a Porter. You won't regret it.
Thank you very much for your information. They are so many to see and make me headache now 🤣
The only thing I see is that Steem price still very low. 😅
Investment can take many years to profit from. It takes a lot of work and a lot of luck and a lot of patience. You may not always know when or where you may profit in life. Be faithful, consistent. Take some risks when you are ready to do so. Only risk what you are willing to lose.
Thank you 😊
Always.
Great post my friend!
yea