|
Yes. Technically the maximum is indeed 21 million. Though as the years go by the mining difficulty will continue to increase, that we probably won't hit the 21 million mark. And yes, after we hit the maximum BTC amount miners will earn solely from transaction fees.
Though there are definitely hundreds and thousands of lost BTC, there really is no way to prove if an address with bitcoin in it is lost or not, as it's possible that a certain wallet that doesn't have transactions for years could just be a holder's(or hodler's) wallet.
|
|
|
|
The best way of converting your crypto to fiat really depends on what country you're in. If GDAX and coinbase supports your country's local currency, then you probably want to go with that option. Personally though, I'd go with LocalBitcoins[1]. I prefer peer to peer physical cash transactions.
[1] https://localbitcoins.com/ |
|
|
|
|
If I remember it correctly Twitter should be banning the ad accounts and not the twitter accounts themselves. We really can't know for sure what the reason is though, as we can't view what OP posted on his/her banned twitter account.
|
|
|
|
Bitcoin is easy to use and easy to buy, but making it as our payment system is a bad idea, first of all on its transaction you need to pay a high transaction fee for waiting a long of time to receive or send the transactions that one of advantage. even if bitcoin develops and upgrades its system it is impossible even now some of the countries ban it just think if you make it a payment system not all will agree.
Transaction fees and time are definitely longer than bank/PayPal transfers, but they're definitely not as expensive and as slow as you're implying. Bitcoin transactions has been cheap and fast for a few months already. Maybe try transacting with bitcoin once in a while. |
|
|
|
|
Definitely one of the worst payment systems(as of now at least, without the lightning network). But it's one of the best currencies and store of value due to it's pseudo-anonymity, decentralization, and due to it requiring no KYC whatsoever.
|
|
|
|
|
People say exchanges like gdax is complicated because they don't like working with charts and graphs. It all comes down to personal preference. Usually with exchanges like gdax you could get more money out of your crypto as you can set your own offers.
It should be safe enough. But never leave huge amounts of crypto on exchanges. Always withdraw them after transactions.
|
|
|
|
- Make sure the email you're using to register your account isn't compromised
- Make sure to use a complex and reasonably long enough password to prevent brute-force attacks[1]
- Don't re-use passwords from different accounts
- Use 2FA
[1] https://en.wikipedia.org/wiki/Brute-force_attack |
|
|
|
People leave their funds on exchanges as so that they can be traded easily and to prevent moving funds from one wallet to another; not knowing the risks of leaving funds on exchanges. Though paper wallets are pretty easy to make, they aren't easy to make in a secure manner in my opinion. So my suggestion would always to purchase a hardware wallet like the Trezor[1] or the Ledger Nano S[2] instead. Hardware wallets are simply more noob-friendly.
[1] https://trezor.io/[2] https://ledgerwallet.com/ |
|
|
|
|
You might want to re-write your question, as I could barely understand what you mean. Anyway, hopefully I get what you mean.
Taking a look at coinmarketcap, exchanges that starts with the letter 'N' are only the "Negocie Coins" exchange, and "Neraex" exchange. Depending on how long the "few years ago" you're implying, the exchange you're referring to might already be non-existent right now.
|
|
|
|
I wouldn't say these are "relevant" because none of these incidents have anything to do with a "wallet", these are all exchange platforms for trading cryptocurrency not storing them. a better example (which may not be as relevant either) would have been the blockchain.info incident where they were using random.org for their RNG which led to many users having the same private key when random.org change that specific webpage and that meant big fund loss. I say it is irrelevant because it is more like bug than a hack. I totally get your point. I just think they're "relevant" enough due to exchanges like Bitfinex, Mtgox, etc and wallet services like coinbase, xapo, etc both sort of hold the private keys, instead of the wallet user. |
|
|
|
That's why you should stay away from wallets that don't give you access to your private keys, especially when you're holding big amounts of bitcoin or crypto in general. Even though some services like Coinbase are pretty secure, there's always a chance of them getting hacked as exchanges are always a hot target for hackers. Don't let history repeat itself. Relevant reads: |
|
|
|
If there is anything I can do to make it seem less dangerous, I am all ears. Any questions feel free to ask.
Me personally and a lot of people here most of the time wouldn't trust something that isn't open source. So you might take that into consideration. |
|
|
|
Not because the private key worked it doesn't necessarily mean you landed on a wallet that someone already owns. As long as you follow the right format of ethereum private keys then you will always successfully open a wallet. But then again, it doesn't mean that the wallet you opened is a wallet that someone owns. I could have some errors on my explanation, so to the readers: correct me if I'm wrong If you want to dig deeper: https://theethereum.wiki/w/index.php/Accounts,_Addresses,_Public_And_Private_Keys,_And_Tokens#Private_Key |
|
|
|
conspicuously speaking i have been asking of how one can exchange to physical current... i still confused
It completely depends on what national currency you want. For example, we have USD, CAD, GBP, etc; we also have Coins.ph for PHP, etc etc. Might be best if you tell us what currency you want to trade your crypto for. |
|
|
|
|
Just so if you didn't know, Marketcap = Price * Circulating Supply
Hence, $139,212,259,994 = $8,195.73 * 16,985,950 BTC
So when price increases, marketcap also increases.
|
|
|
|
Has it a specific reason why the exchange has to be in US?
Maybe because, you know. OP is from the US?  And? Since when you have to trade on exchanges just in the same country you are in? Probably has no advantage if you were to trade crypto only; but when talking about fiat, it'd probably be a lot faster(deposits, withdrawals, and such) when trading with a US exchange when you're handling USD. You are absolutely right! Could you advice any other US exchanges with the fiat deposit/withdraw within 1-2 business days? If you want to get it that fast I'd probably go with LocalBitcoins. Try it out.
[1] https://localbitcoins.com/ |
|
|
|
Has it a specific reason why the exchange has to be in US?
Maybe because, you know. OP is from the US? And? Since when you have to trade on exchanges just in the same country you are in? Probably has no advantage if you were to trade crypto only; but when talking about fiat, it'd probably be a lot faster(deposits, withdrawals, and such) when trading with a US exchange when you're handling USD. |
|
|
|
Moderators not doing their works, people are going crazy. When moderators doing their works, people are still going crazy. What is wrong with people nowadays?
It's probably because users here aren't used to mods being too strict; and they don't know exactly what the mod's intentions are since they're locking the topics, probably due to prevent gravedigging. |
|
|
|
|
Show Posts
