I saw people selling Bitcoin in Ebay as the mining contract. They accept the Paypal payment. Is it the good idea to sell Bitcoin in Ebay with Paypal payment? Thank you.
I think that it's never a good idea to sell something as being something else. Just imagine that the seller will tell that he never received any mining contract (and he's right!) and asks for chargeback. What will you do then?
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Hello, I am a beginner in the world of bitcoin and opt for the most complicated way to make a transfer. A few days ago I wanted to withdrawal bitcoins from a page to pass them to my wallet, I created an armory wallet without knowing that I had to download 240 gb of bitcoincore, I used the adress that I generated by armory and now I have to wait 3 days to download all The blocks and know if the transaction is concrete. I need to know if there is any way to connect that wallet to blockchain or bitcoincore, or if when armory is online it will be my bitcoins and be able to use them. Thank you.
Sorry for my bad english.
First thing you have to understand about Bitcoin is that the coins are not in your wallet, they are "on the blockchain". The wallet only handles private keys. This also means that: 1. You can see at any block explorer by only telling your address (make sure it's only the address, no seed or private key!) if the transaction took place. Please make sure there's at least one confirmation before you consider you indeed have the money. 2. A wallet contains the keys for multiple addresses, so if you have coins on multiple addresses and want to check the sum on block explorer you'll have to check all addresses separately. 3. You can spend at any time the money sent to you. For example, if not sync-ed yet you could export the private key or seed and use another wallet to spend your coins (warning! it's just an example and it's not advised to do this when you have hardware wallets, since this will make them insecure!).
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Hello guys,
I need a recomendation for a Android wallet with the lowest sending feesbut not some crap of security, any experience or advice?
Thanks, Angell
Hi. The fee you pay is for the miners to confirm your transaction. If the network is very busy, the transactions with lower fees will wait since the higher fees are preferred by the miners. The smarter wallets try to help you and propose a fee. The wallets with all functionalities there will allow you to select a different fee than the proposed one, even down to 1 sat/byte. So all you need is a good Android wallet. I use Mycelium, but I use it so rare I cannot tell if it's the best in town or "just another wallet". It allows, however even 1 sat/byte fee.
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It's an Encrypted chat application.
Just a warning, there are plenty of encrypted chat applications nowadays. A (google) search for encrypted chat or sha p2p chat will give you an image of it. For your sake, I hope that the project is different / better / more useful than the others, else "just advertising" may not be enough.
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Hence, you are using semantics and focus on things irrelevant for this topic.
If you don't want to follow logic, that's your problem. Hacking into bank is not creating counterfeit money. Period. However, the fact you don't want to follow logic means that you are most probably trolling and I don't intend to feed trolls, so I'll stop here. Have a nice day.
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If you hack your bank and put some additional zeros to you account you basically counterfeited digital dollars, but no original thing to copy it existed. So given your logic it is impossible to make fake digital money. This is obviously absurd. Fake money is the one that is intrinsically worthless and is put into circulation with the intention to extract real money, goods and services from other people, without providing these people something valuable in the future.
As I said, you don't understand money. If you hack in a bank, you don't create counterfeit dollars. The dollar is the physical form for debt. For "I owe you" a certain amount of.. things. When the banks will show you a number in the account, that's not dollars, since it's not physical. That's simply "the bank owes you this amount". Completely different thing! That's why for every dollar you deposit, they can lend .. how many? 6, 8? Because it's only a promise, not money. When you pay with the card, you "transact" the same "I owe you" in the digital form. It's not (physical) dollars. And when you hack in, you trick the bank to think they owe you back more than you deposited. When you withdraw from ATM, you'll get dollars. And I don't know any ATM the delivers fake dollars.
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For the ones not reading further "because it's an app", it worth mentioning that this is actually an addon for Firefox (mobile). It can be improved, but it makes Bitcointalk layout pretty OK. It has its risks though, since the addon will read all data on bitcointalk (the developer claims though that the passwords are not read).
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~long story with mixed up terms ~
No, you seem to misunderstand money and Bitcoin too. Shortly, your long story is like telling that Puma is counterfeit Adidas. However... let me show you how we stay. The definition of money is something generally accepted as a medium of exchange, a measure of value, or a means of payment And fake means counterfeit. You know, for this you need the original thing to copy/fake it. And exactly the miners you blame and also all the full nodes over the world ensures that "counterfeit Bitcoin" cannot exist.
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Lucky for those who bought it and unlucky for those who didn't its just like that and its always been part of investment risk.
Actually lucky are only the ones that right now have withdrawn at least the initial investment, maybe some profit too, and right now they have invested/locked only some of the initial profit. The rest of us.. time will tell if the investments were good or not.
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I’m more of a day trader so any advice would be hugely beneficial.
New to this but happy with making a grand.
If you have to ask what to do next, you are clearly not a day trader, sorry. Should I buy back in or do you guys think it might drop?
It depends on how much risk you want to take. You can leave happily that you ended it on profit. Or you can wait until it's low enough for your calculations, then buy again one Bitcoin and wait until it rises again to sell. Or you can day trade with the 1k profit. Or you can you and HODL. There are plenty of options, really... and it's not us who has to decide about your money.
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I've tried to introduce Bitcoin here and there..
One friend of mine loves to hear stories, but still didn't invest in it. Another friend invested some small amounts, but it was in January or February 2018. And then sold at a loss. A third friend was very convinced to buy (and I really thought he will) in the last few months of 2017, but he didn't. He may have been also ending at a loss.
My wife was looking at Bitcoin like "monopoly money" until the days I've spent some to buy things for Bitcoin or to top up VISA card. Now she's impressed.
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Most probably some could use Bitcoin as a safe haven to hold (or hide!) money, but at the end I expect the bigger investors withdraw and use that fiat to buy falling businesses. It may make more sense economically. It depends though how volatile will Bitcoin price still be near the start of recession.
It's actually not the big investors who I expect to dump their coins, I personally think it's mostly those who didn't know what they put their money into. It's safe to assume that there's still a lot of people that think bitcoin is just a get-rich-quick scheme. You are right. Just I expect that the (sum of) money of all those try-to-get-rich-quick is no match for the really big whales, the ones that have bitcoins enough to buy entire businesses. Also the small fishes don't affect the price, since they don't buy or sell all at once, while we've seen the whales doing that.
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I think that a good precaution can also be to make a backup of the seed (if not done yet) and maybe the wallet file too before an upgrade, since the system (and the antiviruses too) may cause surprises. If only the seed is backed up, writing somewhere a few addresses should help finding out what kind of wallet the user had (Legacy 1* , 3*, native bc1*) if a restore is necessary.
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Is anyone else finding the app quite stunningly sluggish since the last couple of updates? It takes about 3-5 minutes to get any info up.
I do have a ticked opened about the fact most of the time I see transactions from months ago, the new ones loading late or not at all. Maybe more such tickets would make them ... do something? Also in the UK at least they've now introduced phone based 2FA for every online card transaction so make sure you're in an area with some lovely signal otherwise you can't play.
Well, it's for online transactions
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Yep, most secure is cold storage. For HODLers, paper wallet will do. And after that come the hardware wallets. But while setting up correctly a cold storage or paper wallet(s) may need some tech knowledge, the solution at hand remains hardware wallets. However: * don't keep all the eggs in the same basket: split the funds between multiple wallets * don't keep online the funds that you don't need online. Even if you go for the more expensive option - the hardware wallets - nothing is 100% safe. Keep some funds in a separate wallet (whether is hardware wallet or not) which you probably won't use in the next years. If one wallet is compromised, your main funds remain safe.
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It's a good read and it touches an interesting point. I've seen sometime in the past a halving expected for Dogecoin as a savior and nothing happened. Now the same happened for Litecoin: somehow the halvings most expected to rise the price have only a shot-lived speculative effect. I kinda fear that this could also be the outcome for Bitcoin too in 2020.
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Does Bitcoin survive?
Most probably. You have to remember that after all, Bitcoin is just software. Maybe some miners will suffer, maybe some will shut down, but most probably that will happen in small steps, leaving no real bad effect on Bitcoin. While it makes sense to hold money into bitcoin
Most probably some could use Bitcoin as a safe haven to hold (or hide!) money, but at the end I expect the bigger investors withdraw and use that fiat to buy falling businesses. It may make more sense economically. It depends though how volatile will Bitcoin price still be near the start of recession.
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Nobody goes to the seaside after the first weekend in September. It's considered gauche.
Then I have to stay silent about the days 25 years ago when I was going in SeptemberI was looking for a good photo to show how Rebel might be getting wifi in a poor village. I googled shithole European town and found a medium article where a guy was talking about going back home to visit where he grew up and facing the fact that he was from a shithole. Didnt read the article but the pics he put in it were gold for my purposes. Kudos for catching the exact place!
Good old internet. Shows pictures for everything. And yes, I don't go for many years anymore to Romanian seaside exactly because it has become a shithole. Holy shit man how did you know that hole in the wall! GJ
That grass and trees nobody looks after, the cars parked without logic and the "hotel" names rang some bells. But I had to search a little myself. I've been in that town far too long ago to remember such details.
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When BTC Bitcoin pumps in 2020 after halving, what effect will it have alt coins? So the crystal ball that tells that Bitcoin will pump in 2020, but doesn't know about altcoins?! We don't know if/when Bitcoin will pump. After a long enough pump, after enough traders are on clear profit, some altcoins may have good days again. O maybe not. Nobody can predict the future...
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It looked vaguely familiar and I had to check. Soo.. which one of you is observing from Romanian seaside? A shortened link to google street view: https://tinyurl.com/y46jqdmb
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