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The mnemonic will appear more secure than it really is. It can be used as a new key. Please read the BIP85 spec for more information. For more info see the BIP44 spec. The account extended keys can be used for importing to most BIP44 compatible wallets, such as mycelium or electrum.
For more info see the BIP32 spec. For more info see MultiBit HD. Only enter the xpub extended key into block explorer search fields, never the xprv key. Can be used with : blockchain. For more info see the BIP49 spec. For more info see the BIP spec. For more info see the BIP84 spec. Read more at the official BIP39 spec.
Read more at the official BIP32 spec. See the demo at bip Read more at the official BIP44 spec. Read more at the official BIP49 spec. Read more at the official BIP85 spec. Entropy values should not include the BIP39 checksum. This is automatically added by the tool.
Entropy values must be sourced from a strong source of randomness. This means flipping a fair coin, rolling a fair dice, noise measurements etc. Do NOT use phrases from books, lyrics from songs, your birthday or street address, keyboard mashing, or anything you think is random, because chances are overwhelming it isn't random enough for the needs of this tool.
Storing entropy such as keeping a deck of cards in a specific shuffled order is unreliable compared to storing a mnemonic. Instead of storing entropy, store the mnemonic generated from the entropy. Steganography may be beneficial when storing the mnemonic. The random mnemonic generator on this page uses a cryptographically secure random number generator. The built in random generator can generally be trusted more than your own intuition about randomness. If cryptographic randomness isn't available in your browser, this page will show a warning and the generate button will not work.
In that case you might choose to use your own source of entropy. You are not a good source of entropy. Card entropy has been implemented assuming cards are replaced, not drawn one after another. A full deck with replacement generates bits of entropy 21 words. A full deck without replacement generates bits of entropy 21 words. Card entropy changed significantly from v0. Please refer to this wikipedia article for more detail. Wallet software that implement BIP39 only use iterations as a norm.
Increasing this parameter will increase security against brute force attack, but you will need to store this new parameter. However, as long as you back up your BIP39 seed there will not be risk to lost your fund. Please refer to the software license for more detail.
The software is provided "as is", without warranty of any kind, express or implied, including but not limited to the warranties of merchantability, fitness for a particular purpose and noninfringement. In no event shall the authors or copyright holders be liable for any claim, damages or other liability, whether in an action of contract, tort or otherwise, arising from, out of or in connection with the software or the use or other dealings in the software.
In your browser, select file save-as, and save this page as a file. Double-click that file to open it in a browser on any offline computer. Mnemonic Code Converter v0. Warning Entropy is an advanced feature. Your mnemonic may be insecure if this feature is used incorrectly. To do this, it uses a moving average MA line, the 2yr MA, and also a multiplication of that moving average line, 2yr MA x5.
Note: the x5 multiplication is of the price values of the 2yr moving average, not of its time period. Buying Bitcoin when price drops below the 2yr MA green line has historically generated outsized returns. Selling Bitcoin when price goes above the 2yr MA x 5 red line has been historically effective for taking profit. As Bitcoin is adopted, it moves through market cycles. These are created by periods where market participants are over-excited causing the price to over-extend, and periods where they are overly pessimistic where the price over-contracts.
Identifying and understanding these periods can be beneficial to the long term investor. This tool is a simple and effective way to highlight those periods. Bitcoin Price Prediction Using This Tool The Bitcoin Investor Tool can be used to indicate whether the price of Bitcoin today is at levels that are historically low in the green zone or high in the red zone or neutral between the green and red zones. This can be helpful when forecasting the price of Bitcoin.
When price breaks up into the red band it suggests that the market is, generally speaking, very excited about Bitcoin which is pushing the price up to levels that may be unsustainable. It does this at a macro, high time frame level. Another tool that does this but on lower time frames is the Fear and Greed Index.
It uses a different approach but attempts to identify a similar thing, extremes in market sentiment. You can view it here. Uses Bitcoin's growth adoption curve and market cycles to identify both intracycle and full-cycle price highs.
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