There are two things a user can do right now to reduce fees. One is convert to a Segwit wallet, of which there aren't very many of course. The second is to use a wallet with manual fee control, again there aren't too many.
People scream about $5 fees when a decent amount of the time a 50c or 20c fee is sufficient. It's their wallet forcing those stupid high fees because they're not reactive enough.
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I don't think the November fork will happen, at least certainly not how the people planning it want it to.
It's hard to say when the crash will come. It doesn't feel like mania yet, but it's building. It's conceivable that the post crash price might settle higher than it is right now depending on how much longer it goes on for.
As for the growth sustaining, it could be argued that growth has been suppressed for many years. First by the Chinese zero fee exchanges that always dumped on every rise, and secondly by the endless scaling crap that's at least partially resolved.
I wouldn't be making any bets on anything at the moment. It's all kind of unprecedented.
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You don't need a mixer. You can simply send all bitcoins to an exchange, and then from there send to your new wallets, no one will be able to trace you then.
This is just wrong sending to an exchange and withdrawing to a new wallet offers no anonymity. The exchange can link your deposits to your withdrawals. It does the job if you just want to break the link between your past coins for the viewing public. Obviously if you're an international drug kingpin it's not quite the level you're looking for.
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Buy one through the Mycelium wallet and at least you might save that wallet from becoming a total piece of junk by giving them some commission.
Other than that there's a lot less supply than there is demand so you'd be lucky to find any type of discount anywhere. They've sometimes been going for nearly double for in hand ones.
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that is bullish. Wang Chun normally needs goading with a large stick before falling into line. now though he comes out ahead of the herd.
He's also a pathological troll so let's not count those chickens, or pigeons or whatever quite yet.
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Is that you in the photo? Is that your company in your signature?
I presume it is in which case your Bitcoin mixing career is already over. There's a reason Bitmixer shut down and there's a reason people use mixers and most of it isn't legal.
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Source? Perhaps if you owned it in a Roth IRA... then no tax.
Indeed. That's what I meant.
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The government doesn't have a full control over bitcoin. And I guess the goverment cannot imply taxes on bitcoin since it has nothing to do with it. And they are not even aware of the list of people who use it. We are free and anonymous. If the government would legalize bitcoin. Probably they can have taxes in bitcoin users. But so it requires so much process.
You can sell piles of your own dung and the government won't be aware of it and has nothing to with that either. If you're making a living out of selling piles of your own dung then tax is due on it. Anyone's welcome not to tell the government about it. If the government finds out they'll nail you to the wall.
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Why anyone would ever trade a market that is closed more than half the time when there's so many better alternatives is beyond me. Liquidity looks terrible too
Cos there ain't no tax on it. If you're tax averse it's literally the only game in town, and the entire planet.
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Premiums are going to go higher. There are more coins for sale on ebay nowadays. More people have paypal than bitcoin so there is a larger pool of potential buyers rather than just here.
As ever, great for buyers and totally appalling for sellers. Good luck to anyone selling on there. There's absolutely no way in hell I'd ever do it in a month of Sundays. Casascius coins are now serious money regardless of denomination. Given EBay's hopelessness for sellers the ante has been upped to unacceptable levels. I'm amazed anyone risks it.
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If you are not a residence of european territory than you now can't get cards from wave crest holding which is the only card issuers used by most of the bitcoin debit card providers like cryptopay, xapo and uquid. So if you are from European country than you can still try them but if not than you might have to wait for some new card issuer to pop up.
Indeed. Note should be taken of this and I still haven't been emailed by my card providers. I am European but they're probably not going to bother discerning that. They're stopping non European operations in October I think. There was mention of one other operation, I can't remember what it was called, but the cost of the card was over $100 or something. As an aside I tried to buy a flight today with a Xapo card and it got rejected for being 'foreign' despite being in the right currency.
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Are there any graphs out there displaying the premium history over BTC?
If I was invested in this I'm not sure whether I'd feel euphoric or whether I'd be shitting myself. It just goes to show the appetite for investment vehicles.
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The currently low fees are real.
However, the fee estimator can never be sure whether fees will suddenly rise. Mycelium is very conservative in this respect. They seem to lower their fees only after fees have been low for a week. This, at least, is my impression.
You cannot really blame them for this. They want Mycelium to be idiot-proof.
They could introduce either a "risky" level, along with a warning that the transaction may never confirm, or they could allow a manual fee setting, also with a warning.
I wonder how many hundreds or thousands of coins have unnecessarily gone to miners since fees went a bit bonkers. Wallets that do let you control fees are definitely in the minority. I'm all for idiot proof. I'm also all for non idiot settings too. Maybe there should be a multiple choice knowledge test that unlocks the extra fine tuning. Either way I think my journey with Mycelium has come to an end.
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NoKor doesn't have any significant impact on economics anywhere in the world,
It certainly does if they start dropping bombs on Seoul. Markets don't like uncertainty, let alone millions of mangled Koreans. With Donny in charge let's hope his generals drop a chandelier on his head before he starts feeling slighted.
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Which fee level did you choose?
The lowest priority which I think is 283 satoshis per byte. People are reporting 10-20 satoshi fees breezing through at this particular moment, but maybe they're just blagging. Something weird's going on with the change too. Some's been returned to the wallet when it should all be gone. I'll give it a few hours and then toss my cookies.
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This bastard made me pay $15 for a 7 input transaction when almost free txs are going through right now and it's also telling me it's unable to broadcast for some reason. I think I'm importing my seed to Coinomi and uninstalling. It was sweet while it lasted.
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I longer believe anything when it comes to Bitcoin and Russia. One week every single user is going to jail, the next Vitalik Buterin is displaying his pecs with Putin.
It's about time they came out with an actual coherent policy that they then apply because I haven't seen one yet.
If they do try to go down the accredited investor route, real people will find their own ways to trade.
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Why would Bitcoin crash? if anything it would pump, because ultimately it is a neutral asset, and it is perfect to put your wealth in it and run to a safe place, no other asset allows yo to do this.
It's a lovely thought but anyone betting on that is likely to get their arse handed to them. Most of the market is made up degenerate gamblers and terrified children. If it came to a genuine crunch most people would run screaming. Give it a couple more decades and then it might be a real possibility.
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