LINK: Video & tutorial on trading the head and shoulders pattern.
Technical analysis of charts can sometimes be very helpful to traders. There are many different patterns or trends that appear in stock and cryptocurrency charts. Understanding these patterns and recognizing them can help give the investor an edge.
Nothing is 100% when speculating on price, but this is a simple tool, many investors use to watch the price and speculate on its next likely position.
As many of you know The Dood is a huge fan of OKcash! I was talking with my cousin the other night and she expressed an interest in learning about cryptocurrency. I decided to get her and a couple other relatives started with OKcash this Christmas. It’s a strong coin, has a decent market cap for an alt, and lots of community support. Not to mention an easy to use wallet with support for most OS platforms.
IMO the best way to hand out holiday cryptocurrency would be to hand out paper wallets. However, to insure that the paper wallet had a backup I also backed it up with an image and uploaded it to a USB drive. I then placed the printed out paper wallet, and the USB stick in a gift box and wrapped it for presentation. Here’s what I did.
Finished product! Paper wallet printed out, usb stick with jpg image of paper wallet.
First thing go to the OKcash github to create your paper wallet.
There are multiple themes to choose from, I selected one of the Christmas themes.
Now make sure you press the single wallet tab, then click on generate wallet and it will automatically generate the wallet for you and create a couple matching QR codes for the public and private address. Now take a screen shot of the wallet you created and save it in jpg format.
The paper wallet screen shot that was printed out and saved to USB stick
I should note, that there is a way to create a really cute paper wallet / gift card but using my Firefox browser I just couldn’t get it to print large enough. I have no idea what I was doing wrong, whether it was my printer or the browser but it just wasn’t working for me. However, taking the screen shot and printing them out almost reminded me of a stock certificate and it looked really cute with the Xmas theme. So I took the screen shot, cropped the image in Gimp however any image editing software would do, printed it out and then loaded the image onto a USB stick for a backup.
Now if you have a phone wallet, that you’ll use to load the wallets, just scan the public qr code on the printout and transfer the OKcash. Send a small amount first, then go to the blockchain and make sure it accepted it and everything is working good.
If anyone is quick enough, there’s 9 OKcash for the grabbing. Not a lot but I wanted to show a test transfer for loading the wallet.
Once the paper wallet is loaded, place in box with USB drive, wrap and give for Xmas.
What a fun way to introduce friends and family to cryptocurrency. You can do this with any cryptocurrency that offers a paper wallet. The process is pretty much the same. Thanks for reading, happy holidays, and wishing you all a prosperous New Year!
The Dood wishes you all a happy holiday and prosperous new year!
Here’s a video from OKcashHelp showing you how to do it.
Don’t forget to check out the OKcash forum, when you get a chance.
So that time finally arrived. It was time to update my OKcash wallet for my ROKOS Raspberry Pi. For those that don’t know, ROKOS is a Linux based operating system and if you’re not used to working with Linux it can be a bit daunting. I’m happy to report that my OKcash wallet upgrade Ver 3 to Ver 4.0.0. was smooth and painless. If I can do it, anyone can!
OKcash Version 3 wallet
The Dood’s a bit paranoid when it comes to updates and upgrades, so for safety reasons I transferred all my coins to a different wallet. Once I knew all my coins were safe I closed my Ver 3 wallet and did a quick update of ROKOS flavors. From the command line just type :
sudo apt-get update
Once I made sure everything was updated, I then did a quick upgrade. Again, from the command line just type:
sudo apt-get upgrade
When everything was updated and upgraded I did a quick reboot just to make sure everything was working OK and the updates and upgrades were working alright.
Now I downloaded the wallet upgrade zip file on my laptop and put the zip file on a USB drive. You don’t have to do that and you can download right to your PI if you want. I downloaded the files from here.
You want to download this file Okcash_188.8.131.52_raspberrypi.zip
Once you download the file, go to your downloads folder and extract the zip file. All you do is double click the zip file and ROKOS will open Xarchiver to extract the files. It doesn’t really matter where you extract the files. By default they’ll extract to whatever folder you’re currently in. I extracted the files to
Double click on the file and Xarchiver will open and extract the files for you.
Once your files are extracted you want to open a terminal window and cd to the folder with the extracted files. /OK-update is the folder I extracted to, you want to cd to wherever you extracted your files ex: cd /YourFolderNameHere
I then followed the instructions found here. Here’s the commands I used.
sudo chmod 755 okcash
sudo chmod 755 okcashd
sudo cp okcash /usr/local/bin/
sudo cp okcashd /usr/local/bin/
Once I finished, I again rebooted my Pi. Upon reboot I opened the wallet. It took a couple minutes to open this time. Once the wallet opened it only took a couple more minutes for the blockchain to sync and it was ready to receive OKcash.
OKcash wallet version 4.0.0 Updated and upgraded, and ready to stake.
I sent a test of about 10 OKcash. Once I knew it was working properly I transferred the rest of the balance. Now time to get staking!
For the most part this was quick and painless. I’m really happy with the new wallet so far. I was hoping with the updated version the issue with showing the balances would be fixed, but this is still a small inconvenience. To see your coin balance you still have to go into coin control to see the balance. Outside of that the wallet seems to be working great. Props to Oktoshi and the ROKOS team for another job well done! Can’t wait to get the new Pi3 or PIne64 and try out ROKOS v6 Magic Flavors!
A quick video I did on setting up a simple blockchain.info… wallet. This is a nice simple wallet to use and also gives you access to your bitcoin online. This wallet is great for people just starting out that might want a really easy wallet to use and set up. It’s also great for people who would like to have a little bitcoin handy online at all times. I’ve used one of these for close to two years now and I wouldn’t store my life savings here, but it’s perfect for having a few dollars of play around bitcoin available online whenever you need it.
If you were storing a large investment in bitcoin, you might want to look into a hardware wallet or even a cold storage paper wallet. I’ll post more on those in a future video.
Find this info useful: 1MDfoP9X3CYD7mNgCMjLn4m5ANdJmNX4is