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the "goal" is to create a decentralized currency and a payment system with certain attributes such as decentralization, privacy, security, fast transaction, cheap transactions, and a couple more. that is what Satoshi tried to create but of course no one can create a perfect system and bitcoin was somewhat the first. how many of these attributes it can achieve in the long run, remains to be seen.
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you shouldn't be downloading random wallets from the internet and use them with your private keys and also whenever you import/export private keys you must make sure that the environment is safe enough. if you lost your bitcoins you may have had some keylogger or some other type of malware that stole it from you.
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Okay s btc price selling for usdt on bittrex is about 500 dollars less than on gdax/coinbase/gemini etc. If thats the case, why would anyone sell bitcoin on bittrex?
first of all $500 is not called "so much lower" it is only 3% lower than other places, you are talking about $500 out of nearly $16,000! secondly it is a USDT market not USD market. people are not really using tether specially on other exchanges like bittrex. main usage is from bitfinex and poloniex. and finally bittrex has been scamming people lately, and obviously many have left that place and that always leads to less traders, less money and fewer people buying different things. |
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$1000- $2000: 1271 days
~
$18000-$19000: 3 minutes
first of all you can not possibly compare these two because the first one is a 100% rise which obviously took a longer time than the last one which is a 5% rise. it barely even covers the fees for a trader. if you are getting your trade signals based on this, then i suggest you stay away from trading! secondly, that is how adoption works. it is slow at first and then speeds up drastically. 100% rise would take a year at first and then 6 months then 2 months. and bitcoin being bitcoin and having a small market means this will be much faster. both rise and the fall due to the dumb panic sellers who think $1000 is always the same huge rise no matter if it was $1000 rise from $10 or $1000 rise after $100,000. take a look at this: it goes up and down $1000 in minutes too. it has increased $3500 yesterday and total of $50,000 in the past 6 days. i guess you panic sell that too? https://finance.yahoo.com/quote/BRK-A/chart?p=BRK-A |
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this transaction is not a "Replace By Fee" transaction, you just have to do a good ol' fashion double spend if you want to get resend it and increase its fee. in order to perform an RBF you need to first tell the network you are going to do it. it is like a flag on your transaction that says "i may change the fee in my transaction in the future, keep a look out". and your transction doesn't have this "flag". you can see it below. your sequences (ffffffff) are all max value instead of being lower. 0100000003587bd15b7b11c0d6112dc11a1e7bb99c068472d075c24f4f060a92121ad6ea2a00000 0006a47304402203d804ac55e0fa5588a27c7c3e0db7eb961b101c3a3f969f4735eb7a5aa265a1a 0220338a5155abc27878ed1fd184c582325e4c7d67c34f25c34b71f26325b6f4952f01210278fa6 4897dfed00af41adeea99a38397b0bdb344d978d7b6e216e574bb5ceef3ffffffffac802a84b157d4551024383c57744d73f23469b92c51d5dac7a60de6c50541a8000000006a47304 402203626455580ca76a50b67bb0c8ffb2852e6b4457cfaac8c72b694261afe6e72d502201cde71 0a93253fa35b9d50aea62263c24f4ea741ada704ef6f668a2603d7534c01210278fa64897dfed00 af41adeea99a38397b0bdb344d978d7b6e216e574bb5ceef3ffffffff863d9becf618ec69edec5fca4124877664734cb2e67d15d177b049a979ce56d4010000006b48304 5022100d29abd969a26683a13ad2ab0ebedac3d5c1318a1cd15cd04f673111f744cf8a802201e6a 4b8272f9a87957489e33438652dcb0afbd248b2803548f438b5ad3b8bae101210278fa64897dfed 00af41adeea99a38397b0bdb344d978d7b6e216e574bb5ceef3ffffffff01906d1800000000001976a914ae895ab95dbe0bbc95bc3bea1c87cd7790c034ec88ac00000000
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altcoins are so funny. and i keep saying all of these alts are pump and dumps and they don't believe me. there are still so many people who think altcoins are the good for long term investment! i mean look at these two screen shots! - bitcoin rises, they fall
- bitcoin falls, they fall again this time harder
 Look at the Daily Change column!   |
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why not?
this is just a beginning. the adoption boom is happening right now and that always causes a rise like this. and as it grows more, the rise becomes bigger too.
but at the same time this year was a huge rise and it needs to slow down even for a little while and start going down. as it has started a couple of days ago. $19k was a bubble which needed to burst and when a bubble bursts it takes some time for the market to recover from it an start up again.
this means a little slow down, some consolidation and then rise.
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the first thing about bitcoin is that it is pseudonymous, all you can see is bitcoin addresses and their balances. you can not say if an address that contains 100,000+ BTC like this (3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r) you can not say if it is one person owning that much or a service. in this case it is an exchange called bitfinex. and i skimmed through the article but i don't see any explanation about how they came up with that number. my guess is that it is a coordinated article with perfect timing for spreading FUD as soon as price started dropping meaning 2 days ago. and i become more sure when i see statements like this in the article  About 40 percent of bitcoin is held by perhaps 1,000 users; at current prices, each may want to sell about half of his or her holdings
they couldn't be more obvious about their FUD... |
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Is everyone selling their BTC?
It seems the price is dropping rapidly today leading up to futures
the price "WAS" dropping rapidly yesterday not today. to be precise it was 12+ hours ago where price started dropping fast and it is over now. if you want to panic and sell during times like this, you should do it at the start of the drop or better do it before it. but NEVER after it. and now we are after the drop. in any case, if price continued dropping then sell otherwise it is too late. |
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i don't know what the issue is with 2.6.4 but if you have problems then do the following:
i am assuming you have already created a NEW wallet with Electrum 3.0.2, now use the seed of your old wallet (from 2.6.4) to recover it in your new wallet. that will create a new wallet file for you which will have all the keys you need.
now select an address from your NEW wallet and send all your funds from the old one to the new one using the same app.
you can open multiple instances of Electrum on one machine. there is no problem with that.
make sure to triple check everything before transferring anything and make sure you have a back up of your Seeds.
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I have an "unconfirmed parent" also for all the BTC I had sent to the electrum wallet, but when I experimented to see if I could send the BTC max out, most of it showed up in the window as able to be sent out.
If I try and send it, would it be sent out, or would the BTC be locked into the account until the "unconfirmed parent" words disappeared first?
the bitcoin protocol allows you to spend an unconfirmed transaction. there is nothing wrong with that. it actually is a method to get the "parent" confirmed, it is called Child Pays For Parent (CPFP) where you pay a higher fee to cover both transactions and a miner can put both transactions in one block and mine them. |
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the price has fallen now, so we are in a dip after a rise (a correction if you like) but it may not be the last of it. i am afraid this rise was not so healthy as the rise up to $8000 or even to $10,000. i am still expecting a drop below $10k. but here is what i would do if i were you:
right now price is stable around $15k. wait and let it be there but watch the market.
if price went up and broke the resistance then buy but if you did that you should be careful not to fall for bull traps.
if the price went down then my expectation was correct and i would place orders below $10k because i am greedy. in this case you should again be careful not to buy on the way down but buy at the bottom and at the same time not to be too greedy and wait for a long time and miss the chance to buy.
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it depends. most people when they buy an altcoin, they keep it on exchanges to be ready to dump as fast as they like an also save on some transaction fees. it is worth mentioning that this is risky since exchanges can scam and run away. as for transaction times, there are variety of altcoins with so many different attributes. some have faster blocks so your transaction will be confirmed that much faster. but also if you want to plan ahead you should check to see how many confirmation does the exchange need. the time can be from less than 1 minute to an hour depending on the altcoin. additionally altcoins may have issues with their network. sometimes there is congestion like ETH and you can't even find your transaction. sometimes it is a 51% attack like on small altcoins and the exchange would extend the confirmation requirement. here are the exchanges: https://coinmarketcap.com/exchanges/volume/24-hour/ |
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Data researcher Antoine Le Calvez has been tracking the movements of BCH and BTG on forks.network since the coin splits came into existence. His figures show that three times as much bitcoin cash has been claimed as bitcoin gold, which was born three and a half months later. A series of charts track the amount of BTG and BCH that were moved following the respective forks. In other words, they indicate the amount of each coin that was claimed by bitcoin holders. That figure stands at 2.2 million for BTG but 6.6 million for BCH.
you can not even start to compare these two! bitcoin cash is so much older than bitcoin gold, not to mention that there is still no easy way of claiming your bitcoin gold compared to BCH. for example BTG does not yet have an SPV wallet but BCH had an Electrum fork from early days that most people used to simply claim their coins. also the amount of advertisement that BCH did is huge. in comparison many never heard about BTG for weeks after the fork happened! and finally it is the price factor. BCH went to nearly $2000 and that is enough incentive for anyone to try and claim the "free money". |
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I heard that before too. If its true then Its pretty worrying.
there is nothing "new" to worry about here! people have always been trying to hack exchanges and everything that can give them "free money", saying it is North Korea now that is trying to do it, is just conspiracy theories by some random website that wants some traffic so they release some click-bait article. the exchanges are either safe and won't get hacked that easily or they are idiots who don't know what a cold storage and security is and will get hacked easily. or they just simply scam you and run away but say they were hacked  |
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A few years ago people were saying that one of the major benefits of Bitcoin is that you could send money anywhere in the world almost instantly and almost free. We can’t really say that anymore, at least right now.
I hav a transaction stuck for almost 2 days now. The number of unconfirmed transactions has been over 200,000 most of the last two days. Some people are saying it’s taking 4 day to get them confirmed.
sadly it is true. it seems like all those idiots who were saying "bitcoin is not a currency and it should only be a store of value" are getting their wish. Steam (Valve) stopped accepting bitcoin recently because the fees are higher than the games they were selling! i wonder how bitcoin is going to be worth when it stops being a currency for good and everyone switches to an altcoin! i wonder where those idiots are going to store their "value" then! |
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No, they did NOT ban bitcoin.
and they did NOT ban cryptocurrencies in general.
and they did NOT ban mining of them.
and they did NOT ban trading them.
what they did ban was ICOs and they closed some of the exchanges. currently people are still mining bitcoin, altcoins and also trading them on different exchanges and off the counter and in places like localbitcoins.com and the Chinese version of this.
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Can someone explain to me why people keep saying bitcoin fees are low?
because of two things: 1. bitcoin has been around nearly 9 years now and in the past 9 years fees were nothing. you could send with 0 fee and get it confirmed, then with even 1 cent or less and have it confirmed in next block. 2. fees are not percentage of the amount you send. you can send $1,000,000,000 worth of bitcoin in a blinking of an eye with the same fee that you send $1 worth of bitcoin. before: $0.01 and now $16 |
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Hi folks, I haven't much on there but I'm still really pissed. After years Bittrex just disabled withdrawals and came up with this KYC scam where they don't even verify valid ID's or answer ticket. Everyone in this thread should warn other users against Bittrex on the Twitter feeds of Influential bitcoiners and rival exchanges, make sure the news of this scammy behaviour gets out there. Lawsuits probably won't work but drawing customers away and costing them income could help 'encourage' them to resolve your tickets
How many weeks have you been waiting for Bittrex to upgrade your account after you submitted your requirements like IDs and other documents? I am planing to submit documents today to see how fast they will work on KYC but I still can withdraw funds on my Bittrex account. I still have the basic verification but every time I log In it asks to to upgrade to get higher withdrawal limit. it is best to withdraw what you already have there and stay as far away from bittrex as you can. they are not looking so good at all these days. i have a feeling that this is Cryptsy all over again. so be careful, it is better to be safe than sorry. it is not like there is a lack of exchanges out there! not to mention that if you submit your documents they may abuse it in a lot of different ways. like selling it to many people: https://cryptocoremedia.com/bittrex-selling-private-data-and-hiding-truth/and it also seems like they are incompetent enough to leak it too: https://cointelegraph.com/news/bittrex-leaks-user-passports-in-support-emails-says-russian-telegram-channel |
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i install Electrum wallet.
But it says not connected.
there is a weird GUI bug about electrum that only happens for fresh installation. it doesn't show you anything including your balance until it finishes up downloading the whole blockchain_headers. it is a file about 40 MB which obviously will take some time on most internet connections. if you have a way to monitor your traffic like using your AV's firewall, take a look and see when if it is receiving or not. wait for it to complete the download. otherwise you can go to where your wallet is [1] then go back up 1 folder to the \Electrum folder and see if the file called blockchain_headers is at 39,827,600 bytes or not. http://docs.electrum.org/en/latest/faq.html#where-is-my-wallet-file-located |
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