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I was thinking to get one of these cards this year,but then this happened so I will wait to see how will these companies adjust and offer some new cards.I see Bitwala is working on new solution by making crypto bank,it will be interesting to see what can they do regarding this.
This move from Visa have some impact on users who use such service to convert crypto to fiat,but most of them will find a way to do that in some other ways(BTC ATMs or LocalBitcoins).There is no doubt that many users just want to convert crypto to fiat and use it in daily life,so the need for such services is likely to increase by the time when we get opportunity to pay direct in crypto with low fees.
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Thinking about purchasing a small bar for about 150-200k. I have more bitcoin on hand than cash. Should I use the small amount amount of cash I have or sell bitcoin to purchase? I know I am probably better off doing nothing, especially if its crypto appreciation vs buying a bar but I'm getting old, its something I wanna do and its also good diversification. Any feedback, tax tips greatly appreciated. Thanks
You say that you getting old and that getting bar is something that you want to have,so I do not see any reason to not sell your BTC and fill your dream.Only thing you should look at is price of BTC,why sell at 13-14K$ if you can sell at 16-17K$ or more. Regarding tax you should visit you tax office and see what they say about BTC,in some countries you will pay 10%,in some others like Germany or Denmark you pay 0%. Some may say that you should hold BTC,but it is cryptocurrency and it should serve its purpose-it would be great if you can buy bar direct with BTC,maybe this is also option which you should consider? |
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Dear forum users!
We are pleased to announce our transaction acceleration services.
http://HorusConfirmTX.com
HorusConfirmTx is a bitcoin transaction accelerator that allows you to get faster confirmations on your unconfirmed transactions . While other Acceleration services charge you dynamic prices according to your transaction size we have a fixed fee of 4$.
Our advantage:
- Using Miner
- Completely Free Service.
- Quick support and update
- We can process large size transactions (1000 Byte+)
Thank you. Why you have 2 threads for same service? https://bitcointalk.org/index.php?topic=2675471.msg27437316#msg27437316If you remember I give you 2 transaction 10 days ago and both are still unconfirmed.You say they have low fee,but it is all about transaction with low fee/If user pay recommended fee then such service would not be needed. |
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It is nice site which serves its purpose, but except automatic sync of data and forum/news option I do not see nothing special-in some way when you look CMC and this site it is almost like a copy with some small changes.But every cryptocurrency project is welcome and I think some users will use this site for checking crypto prices.
I see that there is no icon for every listed coin/also CMC have price widgets for websites which could be a nice addition to this site.
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Thank YOU very much for the DOGE and also for "ignoring" my newbie status here. I have the account a few years now, when I first started getting involved with the cryptoworld, but then I paused for a couple of years and this is why I am still newbie here. I'll make sure to support your site daily either I see you on FH or not. You and your site deserve it  You're welcome for DOGE and I hope to see you more active here on forum,thank you for support my site You may notice that BTC&DOGE faucets pay very low rewards these days,it is because of high BTC price and very high fees on blockchain,many faucets owners just can not send BTC to their faucets in time because of that.Only way to pay less fees and speed up transaction is to start using SegWit enabled wallet/services while we wait Lighting Network. In the meantime try to focus on other coins,you never know how much one of FH available coins can be worth in the future.I know many of users have problem with wallets for different coins,but for start you can create deposit address for any coin on FH and use it for claims. |
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I have to admit I'm surprised with such a development of events in South Korea,for me until recently it seemed that they go in the direction of Japan but instead they are going in direction of China and putting BTC on a black list.Although nothing is not over it only show that something is wrong between exchanges and politicians in SK government.It seems to me that these problems are initiated by some of them who did not get their piece of the pie or they think they did not get enough.
There will be more then 100 000 people who will sign this petition,yesterday it was only 50 000-and I think they can have some influence on government to not 100% ban cryptocurrency trading.BTC is survived without big China markets and it will survive even without South Korea exchanges.
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you can restore your wallet from seed, and request a new Google Authenticator code during the restore process.
Thanks for your reply. How exactly I can restore? because when I click the exe, it opens the console and ask me to enter password which I do and it just opens up my wallet? thanks When wallet is open then you need to click on File-New/Restore option,select option that you have a seed and that you want to create 2FA wallet.You have option to disable 2FA or keep it/in this case you need to choose option I don't have my Google Authenticator code so you can restore them. This should solve your problem with 2FA,but be careful and keep your seed on safe place-it is only thing that can restore your wallet even if you lose your phone/2FA. |
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Is this advice Electrum users must upgrade to 3.0.5 if they haven't already only for bitcoin electrum wallets or also LTC electrum wallets and Bitcoin Cash electrum wallets?
Thanks, G.P.
All version of Electrum wallets(BTC,LTC,BCH&DASH) are affected with this vulnerability and should be updated to latest version.For ElectronCash wallet this is fixed in version 3.1.2,and for LTC wallet it is fixed in version 3.0.5.1.For DASH Electrum wallet there is no info on their site about fixed version so it is assumed that old version is not safe to use. It is important that all users know that if they set good/strong password in any Electrum wallet before this vulnerability was discovered,there is not much to worry about. |
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So I can use all addresses from the 'Addresses' tab?
Electrum automatically generate them all for privacy reasons?
Yes,you can use them because they are part of your wallet and they will always be in wallet.As I say before you can always use same address,but if you want more privacy then it is better that for every payment you use new address.Also when you want to send to someone for example 0.1 BTC and you have in total 0.5,Electrum will send 0.1+fee to destination address and 0.4 will be send to change address(for free).This is also option which protect your privacy,but it can be deactivated if you want. You should take some time and read how Electrum work : http://docs.electrum.org/en/latest/faq.html |
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Depends how fast you want it to be confirmed. Fees are a little bit higher than they were a few months ago. A good reference point is here: https://bitcoinfees.earn.com/Before sending any transaction always check that website to avoid having transactions stuck for days on end. sorry if i jump into this thread, but i need a little help to understand better that site. I see that, the worst case scenario is 420 minutes: more or less 7 hours. It's not seem to me "days"... surely i miss something: can you tell me what? Thanks! I do not know where you are looking,but https://bitcoinfees.earn.com/ on the top you will see up to 1200 minutes or "inf" which means infinity.Time for confirmations is estimated by number of block in which transaction should be confirmed,and also time in minutes which is go from 0-infinity. For example if you pay 281-290 satoshis/byte your transaction should be included in next 2-10 blocks and estimated time for that is from 5-180 minutes.You can also use other link I posted,if you know number of inputs/outputs and size of transaction you know how much fee you need to pay for specific time of confirmations. |
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Hi, I have just got fresh new Ledger Nano S. After setup I successfully transferred my BTC and BCH balances form paper wallets to BTC (segwit) and legacy BCH address - for this I choosed to connect to BCH chain when asked by wallet app. All smooth. I then realized there is dedicated BCH app I can install from ledger app manager. Did it and then I tried to check the checkbox to setup default chains to connect to from either wallet (BTC for BTC wallet and BCH for BCH wallet) - so I could get rid of annoying prompt.
However, when I reconnect to check it, the default setting applies for both wallets, so I see BTC account/balance from both BTC / BCH wallets. When I try to change it through Settings > set blockchain in BCH wallet, the setting changes, but, helas, once again for both ledger wallets - after reconnecting I see BCH in my BTC wallet...
Did somebody went through this?
Thx in advance
mvan
You make a wrong step when you did not install first BCH wallet on device,but you say that you connect to BCH chain "when asked by wallet app"?Since you did not have proper BCH app you send BCH probably to BTC address.I did not claim my BCH with Ledger,instead of that I use ElectronCash wallet. What you should do is try option "split" as described in this link : https://ledger.zendesk.com/hc/en-us/articles/115005173485-Step-by-step-procedure-to-secure-your-BCH-Main-Split-and-retrieve-balances |
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Hello,
I entered Electrum 'Receive' tab and I saw that my address changed.
Both new and old addresses are present in Addresses tab.
Why Electrum change my address?
This is normal thing and Electrum do this just for your privacy-every time you receive BTC address in receive tab is changed to new one,but you can still use your old address any time.As you say both address + others are in address tab,and you can also see your change address there.You do not have to worry about it,it is good option to protect your privacy. |
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Hello guys, i'm looking to transfer 0.05 btc, do you know how much fees i should pay for that transaction ? I'm a bit lost
Thank you
From what wallet/service you want to transfer that 0.05 BTC and how fast you want confirmations?As you may see in link Welsh posted,current fastest fee you can pay is 480 satoshis/byte or 100 000+ satoshi for size of 226 bytes transaction.It would be good to know how much inputs/outputs you have and size of transaction.Some wallets like Electrum allow you to see that before sending(preview option) so you can adjust fee based on that data. You can play with some settings based on time/blocks/inputs/outputs here : https://estimatefee.com/ |
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yes, I loose my bitcoins with Electrum last Friday. After Installation of the new Electrum Desktop Wallet Version 3.0.5 (Windows 10) I see this transfer in the history (5.1.2018 midday). I opened my wallet with Electrum 3.0.5 on monday 8.1.2018 morning and in the same time there was shown this transfer to another bitcoin address. But I dont do that last friday. In the other Version of Electrum 3.0.3 my bitcoins are still there (Friday night, after the alleged transfer !!!), my bitcoins are ok at this moment. After I opened in Electrum 3.0.5 all is lost, 3 days later. This is the Transfer on blockchain.info https://blockchain.info/address/34xsiBXp3wSGXgVTDtmnkatZ2LbJ3gFMVWMy Electrum wallets was saved with password, I used a clean PC. I have all my passwords in an password manager, no textfile or something else. I do not understand how that could happen. I dont not use Electrum anymore, you cant trust this tool. It seems to me you are download fake Electrum wallet and you you could not download version 3.0.5 on Friday 5.1.2018,it was not out yet.There is many fake sites which use Google add to be displayed at the top of search results,only legitimate site for download Electrum is : https://electrum.org/#homeSecond thing which indicates that you have fake wallet is fee hacker use to send your BTC to his address-he want to get this transaction confirmed very quick so he use 725.947 sat/B which is even more then highest recommended fee. You are not only one who lost BTC in this way,but I leave the possibility that something else might have happened-although it is unlikely that it is. |
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It is easy for us who know how things work,we would never made such a mistake or two.Buying hardware wallet from anywhere except official site it's not safe and even if you for some reason buy such device which have generated seed/pin then just check is there maybe some coins in wallet(gift from seller) and reset it by entering wrong pin 3 times(in case of Ledger Nano S). Stealing of cryptocurrency becoming more lucrative job these days,fake online/desktop wallets,HW wallets with generated seed and specially programmed crypto malware are a daily threat.Best way to fight this is to educate users how to use cryptocurrency on a safe way. |
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I agree that BTC has potential to double price in 2018 even start of the year does not look promising,but price around 30 000$ by the end of this year look realistic possible.Some other investors like Mike Novogratz also predict even bigger price(40 000$), but also big correction to 20 000$ after that.
In this moment many potential investors in BTC choose some other altcoins like ETH which is flying high these days,so large amounts of money leave from BTC in other directions.Unfortunately high fees and big number of unconfirmed transaction will be big brakes for serious progress of BTC,many small players are simply pushed aside.Some say this year will be in sign of bigger adoption of SegWit which is good news,and also LN knocking at the door.
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Forget what the mainstream media or some "celebs" write or say.
Listen to people who work on Bitcoin since many years and know what they are talking about. Not the hypers who are just interested in public attention and making a quick buck.
Bitcoin hitting the $500k area in three years is not possible imo. Maybe $100k-$150k at a sustainable level, but not more. And even that would be still very impressive. Why this is possible? Well in mid 2020 we will have the next halving, cutting block reward down to 6.25 coins per block. I expect to see 1-2 ETFs until then, much more big investors getting in, like pension funds etc, due to Bitcoin's deflationary effects and not correlating with traditional assets.
$500k can happen for sure, but this will take another ~10 years at least. So not before 2027-2028.
But this all will only be possible if Bitcoin keeps being the number one coin and being the anchor for anything else getting build in this space.
I share similar thoughts with you,500k $ in three years is just too much and I do not know what should happen to achieve this price.Last year was great regarding price increase,but it is difficult(or impossible) that same thing happen again this year.I have my calculation for the next 10 years based just on simple speculation that price will go up only 50% every year.So if we took 15k$ as start,then 2027 we would have 576K for one BTC,and in year 2023 we cross 100k $ level. I know there is people who expect more rapid growth,but if price go up growth is likely to slow down.Even 50% per year may sound somehow optimistic,but it is still more realistic then 500k $ in next three years. |
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I sent some LTC to an Electrum LTC wallet and the coins are not showing up after one week.
I have the transaction I.D. and also the address the LTC was sent to.
Does anyone know how to look at these two things and find out what went wrong?
Thanks, G.P.
There is one more user with a similar problem just few days ago,but after I give them advice he did not reply back with any answer.First you need to check and be 100% sure that you send LTC to correct address,so check address in transaction and in your Electrum LTC wallet.If transaction is confirmed on blockchain,then problem is in your wallet,you have outdated version or sync problem. Since Electrum BTC dev have recently discovered vulnerability,it is also affected Electrum LTC so there is new version you should download : https://electrum-ltc.org/Maybe this solve your problem,and if not try to click on green/red dot in wallet and select server manually from the list.Last option is to delete some files in Electrum LTC directory which may couse this problem/corrupted files. |
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There is no doubt that 2018 will be interesting year and that price of BTC will not have a lot of ups and downs,it is actually one of the features BTC have over the years.Since BTC is decentralized digital currency we should not expect volatility may be something that will disappear in the future,it is very possible that it will become even bigger.
Some say that it will be hard to manipulate the market due high market cap,but I think that people who have lot of BTC increase their supply with time and also start to work together to move market in the desired direction.At the end of the day for most people involved in cryptocurrency the only thing that matters is profit.
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Unfortunately maybe some users lost their coins because of this vulnerability,there is many reports in last few months that coins simply disappeared from wallet.But in most cases users lost their coins just because they download fake Electrum wallet or they expose seed/private key.Every Electrum wallet with strong password was pretty safe,but I agree that this should be fixed at least when it was first reported.
I see that many users looking for new wallets after this was discovered,which is quite understandable-but If your BTC is intact then only upgrade to 3.0.5 and maybe set up new stronger password for wallet should be enough.
For those who still feel insecure only way is to search for hardware wallet or to start keep their coins in paper wallets.
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