Hi, today i sent 0.01 btc from my electrum wallet to localbitcoin wallet.I was only able to send it when i set a fee of 0.0004 BTC.Then localbitcoins charged me an incoming fee of 0.00162 BTC.I was shocked to see the fee.So,totally i have spent 0.002 BTC for transferring 0.02 BTC.

That's almost 10% of the total amount sent.

I think that if satoshi is still alive and see this,he would even die out of a cardiac arrest.


              

Ok.If i work as per your advice and avoid buying such christmas gift,i might get $50,000 in the next few years.But the problem is if my wife refuses to go away from me even after refusing to gift her,then what should i do with that $50,000 when she still stays with me,ha ha.Just expecting another piece of advice from you.

My friend,we could not count all the expenses that we do and think of saving it.These occasions do not come always.They are memorable moments of life and i think that gifting at such instances would be the best thing which could be done.

Pump and dump is usually done in altcoin markets and even there are services which provide pumping of a coin.Especially,it is used to pump newly released coins in the market to get a good start.They mostly do such pumps and dumps in newly released coins.

If bitcoins are bought at a price dip which happens after reaching ATH,it would be a better time.But now,bitcoin seems to move continuously in bullish trend and after the entry of firms like CME,CBOE,its price has started to rise more making it less volatile since we have not seen a huge price dip from the past week.So,even now it could be bought as it is expected to continue in bullish trend for the next year also.So,no fear of losses.

As far as bitcoin is concerned,every one is aware that bitcoin core is the original coin while all the other are just forked coins.So there is no chance of getting scammed even if they have the identical name as bitcoin.

But when concerned about altcoins,there are many scam projects which have the same identical name and those coins with the same name gets launched even at same time with slight interval.out of these coins,one would be unique and performing well delivering new features while the other would be just a shitcoin just having the same name.Most people get scammed by this way.So,we should be aware before buying such coins and we should research the web and see reviews about that coin so that scam coin could be traced and avoided.

Bitcoin was not created to replace fiat.But it was created to provide a platform where P2P transactions could be made without the help of banks.I hope when we pay any amount online using fiat cash digitally t buy bany products or service,i don't think that any bank serves as escrow for that amount.Just it facilitates the transaction of the amount and receives some fee for that.I accept that we hve a record of transactions as paid and we could use it to prove if fraudulent activities found.But bitcoin being a decentralized currency,there is no such central body to ensure that amount as been paid and it could not be proved in any jurisdiction.For this reason only,we use escrow  and if you don;'t need an escrow,its up to you.

Coming to your second point.Its true that there is no infra structure for converting such a huge amount of bitcoins in to fiat currencies immediately.But i think that the number of people who would like to convert such huge amounts would be probably low.

Whatever governments and banks try to make their own currencies,it would not be decentralized and people would not be ready to buy such currencies and come under the radar of government authorities.

ICO projects usually raise funds in both bitcoins and ethereum.So,higher the project raises fund,greater is the demand for bitcoins and ethereum.Even ethereum is mainly bought with bitcoins.By this way,the demand for bitcoins would lead to increase in its price.Also,the regular demand would not allow bitcoin price to get crash suddenly.

But nowadays,most of scam projects have made ICOs to be banned in most countries especially china and south korea.

Any asset which is over valued than its original value and which could be expected any time to get crashed could be termed as a bubble.I would say that any asset which has only use as an investment and no other use and its price increasing unlimited at a fast phase could be termed as a bubble.But here bitcoin is not only used a s a digital asset but also its being used a s a currency in japan in almost all retail stores.More over,trader buy and sell it to make profits.Also,amazon and other big companies are expected very soon to accept bitcoin payments.By this way,there is always a huge buy wall for bitcoin which would not allow its price to get crashed.So,its not a bubble.

I think that segwit 2x would not be successfully activated since last time also,we saw that they needed a block in size more than 1 MB to activate segwit2x and they dropped their plan since they could not find it.I don't know how they will find this time such a block greater than 1 MB size.So,i think that this would not be possible.

Yes,his motive is to dump bitcoin price any way and to promote BCH.Earlier his friend roger,the bitcoin antichrist tried his best pumping BCH creating a record in the crypto coin history by pumping BCH to reach $1,800.But at last,it failed and could not replace bitcoin.Now,on seeing wall street firms entering bitcoin market and bitcoin price reaching ATH,they are helpless and have started to scream at bitcoin that bitcoin is virtually unusable.But its just a temporary issue and would get fixed soon by activating lightning network.Poor boys,let them shout.

I think that the same scenario which occurs during chinese new year celebrations would occur once more.Earlier,chinese used to sell their bitcoins for the festival celebrations.Now both christmas and new year are coming with just one week gap.So,we could expect a small dip in bitcoin price.But this time,bitcoin has a much broader network and so there is a huge buy wall which could make bitcoin recover its price quickly.

It has already been said that bitcoin futures would not have any direct impact on bitcoin's price.So,this is a normal action which always exist in bitcoin,price increase and decrease.Fall in bitcoin price has no connection with bitcoin.com's co-founder selling his bitcoins.He is just a friend of the great bitcoin anti christ roger ver.These guys have no interest in bitcoin and their only aim is to pump BCH and replace bitcoin with it.But that would only remain a dream.

Absolutely,i think OP is not familiar with roger ver and BCH.That's why,he has said that he is worried.BCH is nothing but a trashcoin just which got importance since a record as created in pumping its price to almost $1,800.

No such individuals could decide the fate of bitcoin by just selling their holdings.

Unlike exchanges,localbitcoins is a website which provides platform for individual buyers and sellers to do their trade.Here we could even directly buy bitcoins from a trader by holding a meeting with him personally.Here sellers offers their price as per they decide and they don't offer the exact market price of bitcoin.Mostly the price is very high from market price.But the buyers price is good and it is also higher than the market price.That's why,i always use LBC to sell my bitcoins and not to buy.

Yes,volatility seems to have dropped more as it was said earlier that when big companies enter bitcoin network,its volatility would get reduced.This would attract those sects of investors who were afraid of bitcoin's high volatility.Bitcoin futures price seems to have created a positive image about bitcoin's price among the investors.

I too don't believe that a few people would have such a huge amount of bitcoin and would try to manipulate bitcoin price.Bitcoin is now not in its early stage when china had the lion's share and chinese manipulated bitcoin price as they wished.But bitcoin has user base wide spread all over the world and manipulation is not possible.

Yes,its true hat bitcoin has helped many to raise investment which they lacked.So,atleast they should withdraw 75% of their money from bitcoin and have 25%in bitcoins itself to enjoy the ride if bitcoin price continues to grow.Let's play the game safely.

Yes regulating is much better than banning bitcoin.But they too would have no other option than regulating bitcoin and let it go as it could not be entirely banned.I think that bitcoin is becoming a worst nightmare for such nations.Even the economic powers in case of bitcoin are helpless.

Very soon,we could expect it to get solved when lightning network gets activated.But now at present,bitcoin seems to not fit for smaller amount transactions.Even segwit activation has failed to solve this issue.Its said that most of the big companies do not use segwit supported wallets for transactions.This might also be a reason for such high fees.

Yes,i think bitcoins would be more helpful for the people of most african countries who suffer from poverty.Kenya is the first african country to adopt bitcoin mostly.At irst,bitpesa was started in 2013 which provided a platform between african countries and other world countries to make the payments in bitcoin which made the transaction fee to get reduced to almost 50%.Nigeria,ghana and south africa are the other nations which provide friendly environment to bitcoin.Bitkoin.Africa at first allowed nigerians to buy and sell bitcoins P2P but now,it allows almost all african nationalsto do so.