https://www.technologyreview.com/s/540921/the-looming-problem-that-could-kill-bitcoin/This was over 2 years ago. Those that ran the price up over the last $9000 probably have no idea about these issues. With things the way they are they will find out...and that's when the panic selling will begin. This is not FUD...it's FACT. Everyone was warned by the top dev...and nothing was done. Now is a good time for everyone to look into futures and options to hedge their bets if they cannot sell. Fact. Those piling into Bitcoin over the past few months know little about these issues because most generally never have and never will use Bitcoin (or even own them!). They are investors who intend to hold, probably on exchanges or site wallets, and with their eyes on thousands of dollars of profit, the small matter of fees won't be a concern. Fact. I still haven't found a method with lower fee costs to transfer the values I do as a regular user. Fact. They can hedge all they want with futures but the ones available now can't be settled with Bitcoin. Arguable. Scalability is a good problem to face. Many alts would love to have this problem. |
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I don't think mainstream is the right word to describe the attention bitcoin has been getting the last couple of weeks (maybe even a month by now). People reading up on bitcoin and mainstream adoption and usage is still a pretty big gap to be fair.
Mainstream attention is quite accurate I feel, if wiki is the benchmark for the most looked at reference source. So's the coverage my mainstream media, which is pretty self descriptive. But I definitely agree, not to be confused with mainstream use and adoption. And that includes so-called Bitcoin-accepting merchants, Bitcoin future traders and Bitcoin investors... very few of whom actually own a wallet, much less own and use Bitcoin itself. I've encountered people talking about bitcoin as well (in the gym to be specific) about 2 weeks ago when bitcoin just hit $10,000 on most exchanges. If I recall correctly they were talking about someone they know who made a lot of money off of bitcoin, can't recall if they we're going to make the plunge and get in on the fun though. However even though I don' think the bigger public will start investing yet. Right now a lot of people have been made aware of bitcoin (and more importantly its price, atleast in their eyes because I'm sure the majority of them couldn't be bothered about the underlying technology), but I think not alot of them will invest just yet. Only when bitcoin hits another milestone all time high (maybe $30,000 or $50,000) and the FOMO starts kicking in, they will all be looking to buy whatever they can get.
I've only been getting the questions in the past two months or so, and yes, thanks to almost daily coverage by networks like BBC and even regional newspapers. The ones who are making major moves are the upper-middle class, those who have quite a tidy sum stashed away, but not quite wealthy enough to own mansions. The ones I know closest already bought several Bitcoins at around the 7-10k mark, and right after doing so, the contact with me died down again. Haha. The bigger public, at least in my region, will be psychologically restrained to invest, given that 1 Bitcoin is worth more than what most people will earn in five years. I guess even investing in 0.2 BTC (a year's wages) is still a tough thing to swallow, not to mention to steep learning curve. But sure, when those who did cough up to buy fractions of BTC and find it becomes worth tens of thousands, then the mentality will switch. |
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Whatever effect futures trading will have on Bitcoin price, if at all, will probably only be evident mich farther into next year when the first contracts are settled. I know the expectations are for major shorting to take place but then why would these big funds and merchants want to let us in on what they'll do anyway?
We already know that these so far launched do not involve actual Bitcoin trading, so there's no worry there. Manipulation may still be possible,but this would only reveal who the whales have been all the while across the major exchanges with significant KYC already completed and ongoing.
If anything, this launch has already served to boost Bitcoin if not stabilise it. Expect next week's CME launch to propel that even higher.
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Tough luck if this was really the first time you've used Bitcoin. Whoever sold you the coins obviously skimped on fees, you should have ensured the seller would have used enough fees to guarantee a reasonably quick confirmation time, especially since the buy was worth over $2,600! Nevertheless, in light of the current network with almost 100k txs, you can still try a few things: 1. Ask the seller (the guy who sent you the coins) to do an RBF transaction. You could offer to ask him to share the fees, taking some from your tx. 2. Try and submit your tx for confirmation at https://pool.viabtc.com/tools/txaccelerator/. Your tx meets conditions there, but they only open for 100 submissions every hour or so, around the hour. You can also register and try at antpool.com/user/prioritiseTransaction.htm?m=savePrioritiseTx, though expect a long wait. Also, confirmtx, mentioned in posts above, has been found to be a scam. |
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Bitcoin is about a decentralized, democratic fee system where users actually are free to decide the fee they want to pay and miners are free to accept whichever fees are paid as part of the transactions available in the network. That's actually the only outrageous thing about this concept, that you are not forced to pay any fixed amount. In fact, you can even choose to pay 0 fees if you would so prefer.
If you think about it, it is an equitable system. If you want to jump ahead of the queue and increase your chances of getting your transaction picked earlier than others, you pay more than what others are willing to pay for. You pay for that privilege.
If 90% of Bitcoin owners really own less than 0.1 BTC, then they currently own over $1,600 worth of coin. I have never paid more than $3.50 per transaction, and that's only because the value of Bitcoin has never been higher.
If, like me, you're willing to time your transactions and plan them ahead, willing to consolidate inputs periodically, and willing to wait days before confirmation in congested network conditions, then you also do not need to pay so much.
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I thought I couldn't do worse than 30 points, so this week's haul of 20 is my record low. 220 points gap just opened up between me and number 1, but that top 5 looks like it could change easily after midweek's games. Ziskin: good effort to tie for highest, a few more weeks with that performance and you'll climb out of bottom very quickly. ajax, I can see you're intent on getting your topspot back. I predicted a lot of draws on the first night, should have saved them for yesterday instead. I guess we can now see Man City top of the league at least til February. Every other rival dropped points, while Spurs must be so grateful for everyone above them to draw/lose. Don't forget your picks, guys. Congratulations are in order to hilarious, who's been stringing us all along with silly predictions until this week. What's silly about them? I've been pretty consistent overall and been hovering around the top five for quite some time. I'm predicting a lot of draws this week. A lot of very evenly matched games. Just a poor attempt at a joke, hilarious. I've been of course watching everyone above me and been impressed, not without some envy  |
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Quick read, damn the clickbait title. Think the journalist jumped the gun; this is just an observation and all the site seems to suggest is that you can add "Cryptocurrency OK" tag to your ad, just so people who want to buy can refine their search terms. Useful, to be sure, recognition yes, easier for Bitcoin users to search ads yeah... but this is a far cry from actually "enabling sellers to accept Bitcoin".
As far as I know it's just a site hosting ads. Sellers have been free to accept Crypto in the past, hell sellers have been known to accept the most outlandish currencies. I know as early as 2014 you can see ads for some services there with Bitcoin-only payment. Don't see why this is big news since CL doesn't actually process any payments... or has their business model changed now?
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Wtf is Merte still doing at Arsenal. That guy is embarassing. Jesus H Christ, my first bet after skipping a week and I get this. Prolly jinxed. I swear if I lose this bet, I AM NOT MAKING ANOTHER BET ON FOOTBALL AGAIN!  Hard to rely on Arsenal when they're not at home lucky for me I missed it because I was planning to place a bet. The match is still not over though but the chances of winning with less than 30minutes is very low. I'll just bet on Liverpool, this team looks unstoppable right now. Edit : I lost too lol, now to bet on the next match. After those draws i'm starting to think on taking the draw now. Yeah, I also put down a series of bets this week despite telling myself to take an even longer break. Just had to do it. Bet on draws yesterday and wins today, unfortunately the results all went the other way. Can't believe Everton managed 20% possession, 1 corner, 1 shot off target and still managed to win the softest of penalties to steal a point. Still can't decide which I'm more upset about, Lovren's stray hands or Rooney's shot right through the middle. Just hope they don't get the same luck when we meet for the FA cup 3rd round. Need to double up on that bet to recoup tonight's loss. Even the one time this season I decided to back Mourinho he failed. Even Zlatan coming on wasn't enough to break the spine of City. The only consolation for me this week is that Mo Salah still managed to score and keep his spot at the top of the scorer table. |
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This is why it's always important to set targets for yourself. I think I speak for a lot of holders like myself who have time targets rather than price. For me this means a really long term view that will only require evaluation at 2020, and very likely beyond that. Price movements won't matter in that case.
However, like any thing you invest in, the first financial target should be to break even. Keep track of the investments you made initially. And if you can already cash oit to recoup that outlay then do so. Remember to also account for time invested. Cash out enough to make that time worthwhile.
Do this and you ensure you are not in loss, and that you can also enjoy seeing some fruit of your labours. So even in a worst case scenario if Bitcoin fails, you will at least have had not "lost" everything, and you come out with the learnings and experience.
Try and have fun too, that's important.
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Localbitcoins, mate. They generally have some of the best rates around, once you calculate all the fees involved with using services mentioned here (commissions, bank transfer fees etc.). I regularly compare and not often is a direct buy from other non p2p exchanges better. Best thing about buying from Localbitcoins also is you're protected by escrow. You make a buy offer to traders selling, their bitcoins are locked in escrow until your payment's arrived in their accounts. Just a tip: only look for trusted traders, verified of course with 100% good feedback and accounts aged over a year. Should be very easy to find. Oh, and go for online trades only, don't be fooled by the offline or face-to-face trades that have better rates.
If you're up for learning to use a slightly more complicated solution (but also P2P and with multisig escrow) then try out Bisq. Need to be online and have the app open until you confirm the trades, though.
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Again, it depends on what kind of trading you're looking at. This deep swings up or down have only solidified Bitcoin's reputation for volatility, which is exactly what day traders and scalpers are looking for. Speculators like the swings, as it closes trades within minutes or hours, instead of holding onto positions for days. So this type or market is suitable for them, and I suppose contributed greatly to volume just on switching hands - exchanges are only too happy to oblige since they earn on percentage of every order closed. Arguably, they're even moving towards supporting this type of mentality, as seen by Bittrex only allowing orders placed within 0.1% of spot price.
I can't say for certain if this will have an effect on longer term traders like those on Localbitcoin. I'm still managing slow volumes, but especially as a seller, I'm not experiencing a slightly higher number of people cancelling trades when the price swings their way. It is a bit frustrating but the trusted traders generally honour the trade even when the market moves strongly against them.
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Telemarketing skills could be a huge niche for you in the blockchain venture capital industry, particularly with convincing these so-called angel investors to make early firm deals. Your first steps would be to educate yourself on the basics of blockchain tech, and of course, make sure you know a bit about Bitcoin! No need to be technical, but familiarise yourself with current and upcoming blockchain/crypto projects. The Press section here can give you a few outlets to start with.
If you don't already have a CV, make one now, put up a decent LinkedIn page, and start reaching out to ICO services - you'd be surprised just how many there are right now, especially based out of East Asia and now the UK. Wondering how to find them? Check out announcement boards, visit websites and look at their partners. You can start there.
If you don't want to delve into VC, there's the marketing and publicity side of things that could use you.
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Faucets tend to be a feature for small sites who can afford micropayments in return for advertising and website interaction. To be fair, I think Yobit has managed to attract quite a bit of activity from the faucet and rather high-edge dice games on their exchange, so the faucet model seems to have worked for them.
But Yobit was not the only one to offer faucets. Cryptopia and Novaexchange were two others. The former has been facing more and more problems with user complaints piling up while Novaexchange has already announce its closure and will only resurface under new management in April 2018. I think Tradesatoshi even used to offer, but not anymore.
Draw comparisons between all three exchanges and you see that they're small with hardly significant trade volume on most markets. With already low resources, faucets take a heavy toll on exchange platforms (Yes, I tried them all and the minutes for them to load is just not worth it) and they should really consider disabling them, removing free players and releasing resources.
Stick to faucet sites for faucet gifts, really. You could end up spending months at an exchange and still never collect enough to withdraw when they close down.
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Here's a simple example, not that I don't already know the poster is an anti-crypto troll, possibly subtly anti-Bitcoin! That 8 Aussie dollars you paid was not for the value of your transaction, but the size of its input. If you like keeping your wallets lean like me (I think I have mild OCD when it comes to viewing all my inputs these days) then you can as easily have $100 in one input as you could have $1,500. Good luck finding a Western Union who'll only charge you 1% or $15 for that amount, never mind $8.
In fact, at around 226 bytes on a single input, I only need to pay less than 10000 satoshi fees to get it confirmed in 1 block at the current network congestion. What's that now, less than $2?
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West Ham manged to achieve a lucky win against Chelsea, and this 3 points will be important for their fight in the relegation battle this season, Chelsea did managed to have a total of 19 goal attempts but it seems that West Ham defense is too simply too solid for Chelsea to break it down.
Wow. I'm more used to seeing Liverpool do this kind of huffing and puffing with nothing to show for it, but Conte's team seemed to be even more laboured than I can ever recall! Moyes is really going to smile after this one, I'm sure even the hardest Hammer can forgive him for last week's loss after riding today's luck! Too early to call the start of a slump for Chelsea? I hope not, for Liverpool's sake. Generally a bad week for me otherwise... I predicted an easy Hotspurs win, they simply had to bounce back from their own slump but didn't see that 5 goal blitz coming but okay the own goal set them on their way. And I chose a bad week to bet on draws, thought it was time for December safe play but maybe a bit closer to Christmas. Hoping tomorrow's games can save me from terrible blunders. |
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Normally I'd say that trading follows the same rules no matter the period. But with crypto things are different, volatility even amongst the most recognised of them all, is even more pronounced... which makes Bitcoin a perfect commodity for daily trading I guess.
More than other periods, daily trading has a distinct flavour of gambling, so the golden rule has to be to trade with money you must expect to lose. In this case, fix a percentage of bankrolls for each daily trade and strictly adhere to stop loss and profit taking.
You're daily trading to close and realise profit/loss for the day, and start fresh the next.
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We all know that this year we experienced bitcoin surging up so high from $1k in January then on this month of December it almost touch up to $20k. So, do we have to expect more on Bitcoin just like this in the coming years that will go through?
For me I think I will be positive as this years has and hold the Bitcoin that I have right now.
This year just kept upping the game each month, each week, and until recently even each day. I've said it several times before, that this really is the final threshold we are standing on, right on the brink of mass awareness. I believe there will still be years ahead of us, 2018 even, where we may experience similar price movements if not wilder patterns. But no longer the paranoia, drama and bewilderment associated with 2017's breakout. Think we should all be happy we were here for it, those who were part of it should have stories to tell. Note that I no longer say mass adoption, because I believe this to be very different from the so-called "adoption" that we're experiencing now: mass numbers of investors who either own rights to Bitcoin or who will participate in futures tradings, none of which will ever actually own nor use Bitcoin. |
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Women are less likely to take risks. This may be a good thing though. Read this journal "Gender Differences in Risk Assessment: Why do Women Take Fewer Risks than Men?" http://journal.sjdm.org/jdm06016.pdf. If you don't want to, here's the abstract "Across many real-world domains, men engage in more risky behaviors than do women. To examine some of the beliefs and preferences that underlie this difference, 657 participants assessed their likelihood of engaging in various risky activities relating to four different domains (gambling, health, recreation, and social), and reported their perceptions of (1) probability of negative outcomes, (2) severity of potential negative outcomes, and (3) enjoyment expected from the risky activities. Women’s greater perceived likelihood of negative outcomes and lesser expectation of enjoyment partially mediated their lower propensity toward risky choices in gambling, recreation, and health domains. Perceptions of severity of potential outcomes was a partial mediator in the gambling and health domains. The genders did not differ in their propensity towards taking social risks. A fifth domain of activities associated with high potential payoffs and fixed minor costs was also assessed. In contrast to other domains, women reported being more likely to engage in behaviors in this domain. This gender difference was partially mediated by women’s more optimistic judgments of the probability of good outcomes and of outcomes being more intensely positive." Yeah. I know it's considered highly politically incorrect these days to differentiate gender influences in business, but the science of physiology, chemistry and psychology cannot be ignored. This risk has been recognised for many years, with even insurance policies now tailored towards the lower risk behvaiours associated with women (they pay less than men for health and life covers, for example). This year's Nobel Prize for Economics was also awarded to the recognition of human propensity for risk taking in markets as the key reason for why market predictions and analysis (often based on rational models derived from AI). Combining these two acknowledgments, it would make some sense to involve women in higher decision-making levels, not simply delegate them to communication roles (which, incidentally, they happen to be good at?). |
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Parking the bus is not an option when playing against Man City, we saw west ham try this strategy when they were leading 1 goal up and result went against them and Mou knows it too and the only way to defend is to attack and that's what we shall expect to see.
But Man United are not West Ham. They're a much stronger team especially at home. City are still a stronger team than United so I think Jose will play it safe especially since they're missing Pogba. One thing for sure is it will be an interesting game and I'll be watching it along with the Liverpool derby. Precisely. Man United can park the bus extremely well, they have a team built almost tailored to these needs: solid defence, arguably best goalkeeper in the world, a poacher strike and two fast wide players for the counter, and especially a midfield built to frustrate and break down play. Even the overall tactics employed by Mourinho's team is suitable for this... time wasting, injury faking, niggling fouls... look at how they completely dumbed down the match against Liverpool. That said, they have the advantage that City will expect them to do this, and so a fluent attacking formation can dismantle City, even without Pogba. Mikhi better get his good boots out (and Lukaku!). United need to win this or we can all kiss goodbye to our respective team's chances for the title. I'm down on a bet for them - ML. |
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Antonoupoulos was my main source of early Bitcoin understandings. His compiled lectures, discussions, all easily digested, open and very approachable. He's not too conservative, and hardly corporate to the level of others mentioned in the same breath. What he's done and still doing now with the University of Nicosia will do far more for Bitcoin than any conference, interview, ICO endorsement ever will.
I don't generally support the idea of doing things like this, but I'm not too against it. If he gets donations, I'm pretty sure he'll do things with them that few others would. In fact, would be interesting to hear him comment. None of his students here on the forum?
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