Bragging once your prediction comes true is good and all. But there's still months left before the end of the year.  OP's prediction will be refuted once it's December. With the approach of Christmas and all the shopping frenzy, I hereby predict the price will shoot past $600  Your prediction is still lower, while everyone is saying here that we will be above $1k and create a new ATH once that month comes. Let us see if OP's pessimism wins or our hopes, I believe OP will regret for his decisions. We will be on a steep rise from this horrible price trap in November. Don't worry, OP's just spreading FUD. Bitcoin's just following last halving's price trend, plus the Bitfinex hack. Sorry if you think I am just being pessimistic and I am not spreading FUD. The basis of my statement is from the movement of BTC's price. To me it is better to tell the truth based on what is happening now than telling lies that bitcoin will reach ATH basing it on nothing but hope. I am aware that many people will hate me for it but come on, let us not live in denial. Bitcoin right now is indeed weak and could go even lower which is good because we all could buy cheaper coins. |
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Newbie question here. Can "Abandon transaction" be done on SPV or light wallets or do I have to use the core wallet to do that? I have the impression that light wallets should have that feature too but I am not really sure that there is one at the moment.
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Isn't it possible to rebroadcast your transaction and add more in your transaction fee if you think that the low fee is what's causing the transaction no to go through? I read it somewhere in the forum that it is now easier to do with version 0.13.0. I am not sure if what I read was right. If anyone knows the correct information please explain in more detail.
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Russia has always been one of the most hostile regimes towards Bitcoin. There were drafts proposing to criminalize the use of Bitcoin with a penalty of up to 3-5M Russian rubles (over $50,000) or even with a term in prison. But just a few days ago the last such proposal was scrapped, and it seems that the authorities are no longer trying to turn Bitcoin users into criminals.
In July the Russian Ministry of Finance had stated that it intended to allow citizens to buy cryptocurrency for the purpose of reselling, exchanging, and using beyond Russia. At the same time, the same proposal suggested banning Bitcoin mining since it was considered as issuance of currency. And just a month later Alexei Moiseyev, Russia’s deputy minister of finance says that the ministry (which has long tried to pass a bill to ban digital currencies altogether) denounces any direct ban of Bitcoin.
So it looks like the last unassailable fortress standing between Bitcoin and its universal recognition across the world is about to collapse
Can mining rewards really be considered as an "issuance of currency"? If it is issued then there should be an issuer. The problem with is they cannot point who exactly. So if someone in Russia still decides to mine bitcoin or any other POW coin for that matter then which "issuer" are they going to imprison? The Russian government also does not have a clear narrative on why they considered BTC as a currency. It is all not very clear and different from country to country. There was a judge in Florida that junked a case versus a man who was accused of money laundering using bitcoins. He was freed because the judge said that it is not real money so therefore no money laundering took place. |
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The problem with centralized entities is the authorities could force them to release information they need to trace the transactions of the target. So be careful if you think you are safe and anonymous by using the exchanges to "mix" your coins. Not even Bitcoin mixers can be fully trusted because the authorities can do the same to them.
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For me blockchain is the safest wallet because bitcoins run first in this wallet. But the disadvantage of this is blockchain have when transferrings coins from another wallet. So it is better to transfer your fund if its more bitcoins.
People do not listen to this advice. The safest way to store bitcoins is thru cold storage. Never ever store really large amounts in a webwallet. Webwallets are a constant target of hackers. |
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My guess is the transaction was sent with a .0001 btc fee. I had the same thing happen to me once and the transaction took longer than usual to confirm. My advice is to set up a blockchain.info account and click send and then click advanced options. From there you will see how much the recommended fee is during that time. All you have to do is to copy the amount using your real wallet. If you want your transactions to go through without waiting too long it would be good to set a fee a little higher than .0001 btc per kb.
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Forgive me for asking this. Isn't Open Transactions a failed idea? From what I have read from before I think you need to trust an entity to use the platform. Please correct me if I am wrong. |
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okay, let's excluded chinese exchanges even btcusd only have 700-4000 BTC volume now, JPY still has 10000-40000 volume, so Bitcoin is very popular in japanese? this only proves that there are far more "traders" in Japan and China "trading" bitcoin with their money and also proves that once again zero fees on their exchanges are a volume magnet because you can make profit even with an stable market like this while it becomes that much harder with bitcoin / USD exchanges that charge 0.25% fee. Is it not already a known fact that the exchanges with 0% fees trade with themselves in order to create fake volume? The CEO of Bitcoin China already said this about Okcoin. Okcoin is already known to be creating fake volume. So it will not come as a surprise that the other exchanges that have 0% fees are creating fake volume too. |
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Every TA article I've read over the last couple of days is bearish. Let's see if we hold $500 and ultimately CNY3000.
In the long run fundamentals always win. So get in if you believe in the fundas, or get out (of the way) if you don't I would agree with you but you did not provide any information about bitcoin's fundamentals. It would be very helpful of you if you post some sort of fundamental analysis of the current state of bitcoin backed by factual numbers and factual information. The problem here is you want us to believe you but how can we even if we really wanted to? Please post your fundamental analysis on bitcoin. It will make a good discussion topic for everyone who are interested. |
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OP, it is not advisable to mine BTC anymore without any serious investment in it. It is now the time of professional mining. Gone are the days of old when people used to mine using their CPU. But if you really want to mine I advise doing research on Ethereum mining and Monero mining. Because of those coins' high prices I would assume that mining them could still be profitable for amateur miners and hobbyists.
It's not about the price of coins but about the difficulty of every coin because halving the difficulty for mining bitcoin will become a more hardest comparing than before halving is coming. Oh yes I forgot to point that out also. Thanks for reminding me. That said it would be good to use mining calculators in order to find out if your mining venture would be profitable or not. |
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Would you consider ZapChain as somewhere in the lines of your idea, OP? It is some kind of a platform where you can post news + others that are organized in different topics. It is a good way to get updates of what is going on in the bitcoin world straight from the people themselves. It is also a microtipping platform where your posts and updates can be paid in BTC.
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OP, it is not advisable to mine BTC anymore without any serious investment in it. It is now the time of professional mining. Gone are the days of old when people used to mine using their CPU. But if you really want to mine I advise doing research on Ethereum mining and Monero mining. Because of those coins' high prices I would assume that mining them could still be profitable for amateur miners and hobbyists.
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You're not wrong in backing up the whole folder, but depending on your needs you might not need some of the files. The [name]-data folder contains your wallet backups that multibit makes automatically, [name].info file contains the description and labels. You can read more here. I think backing up and then encrypting the whole folder would be a good idea. Just decrypt it if you intend to use the wallet. I use Cryptomator + Veracrypt for this purpose. If you want to store it in a USB then it would be a good idea to also zip it with a password. Even if you are hacked there will be 2 or more layers for the hacker to get to your coins. |
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I am using an online wallet called coinbase. and it is safe to me and no charge for making transaction (upto 40 free transaction per day)
Online wallets are never safe. They are a constant target to hackers. If you are using one at least use 2FA and do not deposit large amounts in it. We have seen too much people being victims of hacks that it is not enough to remind everyone to be careful online. We should make an effort ourselves to remind and be reminded over and over to make it a habit to be secure. |
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This but there is no volume currently. How many failures must we see before we get convinced that decentralized exchanges are the safest to use. We have seen MtGox hacked, Bitstamp, Bitfinex and other exchanges getting hacked or worse, stealing money from customers. I think the effort should also be from the bitcoin whales. Do they really care about decentralized exchanges because if they do they have the means to hire and encourage market makers to start the action at Bitsquare. There is also the question of usability. Is Bitsquare good enough and stable to use? |
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The State of Florida fears this decision because it could be used as a reference by defense lawyers to make an argument for judges to junk cases that involve BTC and money laundering. Those prosecutors will fight tooth and nail to get Espinoza behind bars and make a sample of him.
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Since i see many people only care or focus about bitcoin price and they say it's good for bitcoin future. But, of course we know bitcoin is a currency and we need people who use/accept bitcoin as currency.
So, Which one is better for bitcoin future? Mass adoption or huge price increase?
Of course, we're NOT talking huge price increase because mass adoption.
For the long term it is mass adoption. What good is a huge price if the only people using it are the speculators making profit on BTC's price movements. But if you're here only to make some money, then go ahead and speculate in BTC because it is available and no one is stopping you. In fact most of the users here are in it for that very reason. |
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The safest wallet would only be safe if you secure your computer and keys well. Even if you are only using Multibit Classic but then have taken measures to secure it and use encryption then I do think that hackers will have a hard time stealing from you.
For example you are still using Multibit Classic which is considered obsolete. But you can still secure this.
What you should do is zip the folder that contains all your keys and the rest of the data and put a strong password in that zip file, also do not forget to delete the original folder. That is the first layer. Then use Cryptomator and make an encrypted folder then cut the zip file in there. Make sure you use a different password for your encrypted folder. That is the second layer. The third layer would be the password of your wallet or wallets in Multibit.
If you feel uncomfortable leaving that in your computer then move the zip file containing your keys and all the data in a USB. Also do not forget to make back ups.
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The Baidu news is a non-issue for Bitcoin. BTC was fine before Baidu did BTC related advertisements and it would not make a difference if they decide to stop now. Maybe the writer of the article at CT thought it would make a good story or something.
Also be careful with most of the BTC news sites. Some of them write stories for the sake of writing and having something fresh and new at their sites. So take some of these stories with a grain of salt.
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