^^^I agree with Franky1 I would be very surprised to see any coin fork and have both sides still exist. I feel like 99% of the time one will die out slowly over a couple months. I guess we will have to watch and see what happens with Etherium.
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Yes I would be interested to see the amount of payments Steam or Overstock.com get in Bitcoin. I suspect its not much right now but its a good start.
If Amazon or another major retailer accepted BTC it would be a huge deal. Bitcoin would definitely gain some value the day that was announced and continue to go up in price for months after as many new users started using the new payment method.
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Hmm thanks for the replies. These methods would definitely work, but I also want to see if its possible to do this without relying on someone elses website/ email service.
I guess at that point you are looking at running a node yourself and analyzing the blockchain as new transactions come in. This would be a lot more work but its a project I'm interested in since I'm trying to improve my programming skills and learn more about Bitcoin.
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Etherium is definitely having an effect on Bitcoin right now. People are busy trading since there is quick money to be made, so lots of money is going in that direction.
With all the issues ETC/ETH are having after the fork, I'm not sure what will happen. Either some online businesses will start accepting these coins, or all the investors will start dumping their investments and the market will crash.
I'm pretty sure the price of BTC will be influenced by the fate of Etherium over the next couple months. It will be very interesting to see what happens because this is the first time there has been an actual competitor to Bitcoin.
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If I have a known bitcoin address, and wanted to automatically monitor the balance, and possibly even be notified if there is a change in balance, what are my options to accomplish this? Are there functions for this built into core, do I need to be running a node, is there a website API for one of the blockchain sites that can accomplish this?
I've done some googling and found a little info, but figured I would ask here since there is probably more than one way to accomplish this, I'd like to see the advantages/ disadvantages of some different methods.
(I think I should have posted this in Development & Technical Discussion if a mod wants to move it.) Thanks in advance for any information I can get!
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I think the price in January 2017 should be $700. It's sitting around $655 right now but I think a 10% gain is totally possible over the next three months.
Unless some major event happened, I don't see how it would go to $1000 so quickly, but anything is possible.
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With a budget like this you could buy a few S9 miners, and still have money for extra racks and fans. I think this would be your best value, unless you have very low power costs and could find some used S7s. (Since you could probably buy four or five S7s for the price of each S9) The price of your power will determine your best route.
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If BTC dropped to $1 now it would be because the coin was dead. Only if everyone moved to a different coin would it drop so low, and it would probably still take years as people switched currency.
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If Bitcoin went to $500 I would probably buy two coins ASAP, because I'm sure the price would go back up to $600 or $700 within a year.
I think its more likely to continue to go up, slowly, to $700 by the start of 2017.
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I think the bitcoin price will rise to $1000 by tohe year end, then it will fall to $800 to consolidate there.
I think it will rise to something like $875-900 and drop back down to $800 or $850. I feel like there won't be many large swings unless some major event happens. Hoping I can get a few more coins saved up before the end of the year because I think it will be steadily $1000 by the end of 2017.
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Thanks man. I honestly got scared when it said that my Etherium wallet used a word combination seed. What is the strength of the seed rated ad? Is it possible to hack the word key?
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I have heard others mention that they had to pay a higher fee recently to get quick confirmations. What sources do you guys use to determine your fees?
I'm pretty uneducated when it comes to fees and always leave my Electrum wallet on dynamic, but I would like to learn more about this subject if it means I can save a little bit of money in transaction costs.
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it allows smart traders to benefit from that situation and buy up at lower prices.
Exactly. If BTC fell to $600 I would be panic buying. Even if I lost money now, I look at is as a long-term investment. Every day we see a sharp drop of $10-15 and then it goes right back up. I guarantee there are some people buying a large amount of coins during those hours.
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Very cool project! I'll have a look at it later today, but have a quick question-
is this just connecting to the sites like a normal web browser- port 80 http connection? (wondering from a security perspective as I might try to connect at work behind a strict firewall that may not allow all traffic out.)
Also I think having it update once every one to five minutes is probably fine. Unless you are doing real-time trading the price of BTC moving over five minutes is probably not that much to cause any issues.
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You said the Mac OS was recently installed. Did you wipe your computer at some point? Have you ever had malware detected in the past?
Also if someone can post some technical details of how you would make a script to monitor a BTC address, that would be really interesting. I'm going to do some research on the topic on my lunch break today. (Is it similar to how miners get notified when they discover a block?)
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Yes I'm very interested to see where OP lives. Even in most countries you can't get electricity this cheap unless you live close to some power plant.
If you are really getting power 0.01/kwh you can definitely make money even with older miners.
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0.01 a week is actually a really good amount to be earning just for a signature. As long as you don't gamble it all away, you can definitely save up and turn it to some real earnings.
I'm pretty sure most campaigns count on its members giving some of their profits back through gambling etc. I'm saving my earnings and will try to do some trading on yobit site. (It's very tempting to play some dice games but I would rather learn how to trade a bit.)
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Well price has been dropping to something like $645 every night here in the US, and then goes back up to $655 the next morning.
A drop of $10 or $15 isn't really much. Most people are saying that unless it goes about $50 in either direction that prices will be pretty stagnant for a while.
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HD support = Deterministic wallet? (I've never heard it called this before but I think youre talking about- "system of deriving keys from a single starting point known as a seed. The seed allows a user to easily back up and restore a wallet without needing any other information and can in some cases allow the creation of public addresses without the knowledge of the private key. " (From the wiki- https://en.bitcoin.it/wiki/Deterministic_wallet)
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